eToro USA LLC Cryptocurrency Trading
- Buy Polygon and 25+ other cryptocurrencies
- Copy top performing traders
- Deposit USD through online banking or wire transfers
Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
How to buy Polygon (MATIC)
Learn how to buy Polygon (MATIC) on 9+ crypto exchanges in our step-by-step guide.
You can buy Polygon (MATIC) on a cryptocurrency exchange like eToro. These specialized marketplaces that allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. Formerly known as the Matic Network, Polygon can be best described as a decentralized framework that enables the creation of interconnected blockchain networks. Here's how to buy Polygon.
How to buy Polygon in 4 easy steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
- Compare crypto exchangesThe easiest way to buy Polygon is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
- Create an account To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
- Make a depositOnce verified, you can deposit $ using the payment method that best suits you – wire transfer, online banking, credit card and cryptocurrency payments are widely accepted.
- Buy Polygon You can now exchange your funds for Polygon. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Polygon to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Where to buy Polygon
Find 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.
1 - 5 of 10
How do I find the best places to buy Polygon?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the US to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Polygon?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Polygon.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing MATIC with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
Where can I buy Polygon with a credit or debit card?
Once you've created an account, you will need to deposit funds to buy MATIC with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are popular deposit methods to buy MATIC on the following exchanges:
 |
||||
 |
||||
 |
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase MATIC by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for MATIC on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Polygon?
The easiest way to buy MATIC is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying MATIC, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of Polygon has been performing recently.
Best Polygon wallets to store your MATIC
You can keep your MATIC on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.
Recent Polygon developments
December 2021: Polygon announced the aquisition of Predicate Labs, the creators of the Mir blockchain. The $400 million deal aims to increase adoption of the Ethereum network by vastly expanding its capacity using zero-knowledge rollups, a layer 2 scaling technology. Mir will be introduced into the Polygon ecosystem using its new name, Polygon Zero.
Polygon announced a strategic partnership with Wanchain, with plans to launch the first decentralized layer 2-to-layer 2 cross-chain bridge. Wanchain, a decentralized blockchain interoperability solution, aims to bridge Polygon and Arbitrum.: https://blog.polygon.technology/polygon-and-wanchain-join-force-usher-in-new-era-of-blockchain-interoperability
December 2021: Polygon’s network was "hacked" by a white hat hacker as part of the team’s goal to eliminate bugs and ensure the protocol’s safety. The hacker discovered an exploit that put US$24 billion worth of Polygon assets at risk. The potential exploit was soon-after patched by developers.
Polygon announced a strategic partnership with Wanchain, with plans to launch the first decentralized layer 2-to-layer 2 cross-chain bridge. Wanchain, a decentralized blockchain interoperability solution, aims to bridge Polygon and Arbitrum.: https://blog.polygon.technology/polygon-and-wanchain-join-force-usher-in-new-era-of-blockchain-interoperability
December 2021: Polygon’s network was "hacked" by a white hat hacker as part of the team’s goal to eliminate bugs and ensure the protocol’s safety. The hacker discovered an exploit that put US$24 billion worth of Polygon assets at risk. The potential exploit was soon-after patched by developers.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Is Polygon a good investment?
Below are the aspects you should consider before investing in MATIC:- 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.
Additional information about Polygon can be found using our MATIC analysis tools.
Today's Polygon price versus ATH
Compare today's price of Polygon ($0.486652 USD) against its all-time-high price of $2019-05-10T00:00:00.000Z USD on 01 January 1970. The closer the bar is to 100%, the closer MATIC is to reaching its ATH again.
Polygon's price: $0.486652
ATH date: May 10, 2019
ATH date: May 10, 2019
16.67%
Polygon ATH: $2.92
How to trade, convert or sell Polygon
You can convert or sell 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 convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of MATIC you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Polygon.
- Complete your transaction and move your MATIC to a wallet for storage.
Get started with crypto
Compare crypto exchanges and wallets
Learn how to buy other cryptos
Disclaimer: Cryptocurrencies, including Polygon, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MATIC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Polygon or any other cryptocurrency discussed.
More guides on Finder
-
How to buy Terra Luna Classic (LUNC)
This guide provides step-by-step instructions on how to buy Terra Luna Classic, lists some exchanges where you can get it and provides daily price data on (LUNC).
-
Terra Luna Classic (LUNC) price, chart, coin profile and news
This guide provides step-by-step instructions on how to buy Terra Luna Classic, lists some exchanges where you can get it and provides daily price data on LUNC.
-
Terra (LUNA) price prediction
Read our expert analysis on Terra and how the token will perform in the future.
-
Wrapped Terra Classic (LUNC) price prediction
Read our expert analysis on Wrapped Terra Classic and how the token will perform in the future.
-
tBTC (TBTC) price prediction
Read our expert analysis on tBTC and how the token will perform in the future.
-
Shping (SHPING) price prediction
Read our expert analysis on Shping and how the token will perform in the future.
-
Orca (ORCA) price prediction
Read our expert analysis on Orca and how the token will perform in the future.
-
Pawtocol (UPI) price prediction
Read our expert analysis on Pawtocol and how the token will perform in the future.
-
Measurable Data (MDT) price prediction
Read our expert analysis on Measurable Data and how the token will perform in the future.
-
Moss Carbon Credit (MCO2) price prediction
Read our expert analysis on Moss Carbon Credit and how the token will perform in the future.
Ask an Expert