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How to buy Polygon (MATIC)
A beginner's guide to buying and selling MATIC in the US.
How to buy Polygon
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Polygon.
- Open an account on an exchange that supports MATIC.
Most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Polygon.
- Buy Polygon.
Complete your Polygon purchase and then find the best wallet to store MATIC.
What is Polygon?
Formerly known as the Matic Network, Polygon can be best described as a decentralized framework that enables the creation of interconnected blockchain networks. The platform looks to iron out many of the throughput and high transaction fee-related issues that the Ethereum network is routinely faced with via the use of several different novel sidechain solutions.
In addition to providing users with a full-fledged scaling platform, Polygon is also designed to facilitate blockchain interoperability-related transactions via modules that are capable of providing developers with certain niche tools which they can use to devise their very own sovereign blockchains.
MATIC is the native cryptocurrency of the Polygon network and is used for a variety of purposes such as providing owners with voting rights in regard to various governance-related issues (especially those related to Polygon Improvement Proposals (PIPs), bolstering the security of the network via staking and facilitating gas fee payments.
Polygon (MATIC) is the 72nd largest cryptocurrency in the world by market cap, valued at $1,942,781,092. The current price of Polygon is $0.370, which is 0.026% lower than yesterday. Prices have ranged between $0.385 and $0.324 over the past 24 hours. All prices are listed in US dollars and accurate as of April 19, 2021 09:04 UTC.
Where to buy PolygonFind an exchange to buy, sell and trade MATIC by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Polygon coin priceUse our graph to track the performance of MATIC over time.
Polygon at a glance
|Total MATIC supply||10,000,000,000|
Polygon price performance over time
How to sell Polygon
You can cash out your MATIC with the same exchange you bought it through:
- Sign in to the exchange you have MATIC on.
If you store your Polygon in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of MATIC you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Polygon.
What to consider when buying Polygon
- Interoperability: Polygon is one of the few projects that seek to tackle the issue of blockchain interoperability as well as scaling, even trying to address many of the "perceived limitations'' of other smart contract platforms such as Polkadot and Cosmos. For starters, Polygon is fully compatible with the Ethereum Virtual Machine (EVM) – unlike Cosmos that makes use of a WASM virtual machine – making it extremely useful for developers accustomed to using the Solidity programming language.
- Projects launched: Polygon's framework is currently being used by a number of established projects, including EasyFi – a protocol that enables decentralized borrowing and lending as well as offering users undercollateralized loans – and Aavegotchi – a DeFi-based game that makes use of non-fungible tokens (NFTs).
- Multiple scaling solutions: The Polygon network seeks to incorporate multiple scaling solutions – namely Plasma Chains, ZK-Rollups and Optimistic Rollups – into its existing setup to help minimize potential entry barriers for newer clients as well as reduce transaction fees.
- Partnerships: Since rebranding itself in 2021, Polygon has gone on to forge a number of high-profile partnerships with established mainstream entities including Umbria, Atari and OpenPredict.
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