How to buy Polygon (MATIC) in the UK

Learn how to buy Polygon (MATIC) on 9+ crypto exchanges in our step-by-step guide.

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Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Capital gains tax on profits may apply.

You can buy Polygon (MATIC) on a cryptocurrency exchange like eToro. These specialised marketplaces 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 decentralised 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.

  1. Compare crypto exchanges
    The 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.
  2. 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.
  3. Make a deposit
    Once verified, you can deposit £ using the payment method that best suits you – neteller, PayPal, wire transfer and online banking payments are widely accepted.
  4. 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.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

Where to buy Polygon in the UK

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.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.
1 - 5 of 9
Name Product Deposit methods Fiat Currencies Cryptocurrencies
eToro UK Cryptoasset Investing
Neteller, PayPal, Wire transfer, Online banking, Debit/credit cards, eToro Money
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK

79
cryptocurrencies

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Capital gains tax on profits may apply.
Uphold - Digital Asset Platform
Bank transfer (ACH), Debit card, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

190
cryptocurrencies

Use the Uphold app to trade between 200+ cryptos and other assets in a single click.
Kraken Cryptocurrency Exchange
Bank transfer, Apple Pay, Google Pay, SWIFT, Visa and Mastercard debit/credit card, ACH online banking, Digital Wallet purchases
USD, EUR, GBP, JPY, CAD, CHF, AUD, AED

213
cryptocurrencies

Kraken offers staking, an OTC desk, and dark pools. Trade multiple fiat currencies and cryptocurrencies from your desktop or mobile with near-instant deposits and withdrawals.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

345
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

UK residents: In addition to normal crypto trading, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
CoinJar Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Faster Payments (FPS), Apple Pay, Google Pay
GBP

56
cryptocurrencies

CoinJar offers a simple way to buy, sell, or trade cryptocurrency with GBP. Trade from your desktop or mobile with a 1% fee and withdrawals are free to your bank account.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Compare up to 4 providers

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 UK 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.

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 take a look at some of our top hardware wallet picks for self-custody of your MATIC below.

Ledger Nano X Wallet

TREZOR Model T Wallet

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Go to site

Supported assets

5,500+

Supported assets

1,450+

Price (USD)

$149

Price (USD)

$213

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 decentralised layer 2-to-layer 2 cross-chain bridge. Wanchain, a decentralised 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.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

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 ($0.817364 USD) against its all-time-high price of $2.92 USD on 27 December 2021. The closer the bar is to 100%, the closer MATIC is to reaching its ATH again.

Polygon's price: $0.817364
ATH date: December 27, 2021
27.99%

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:
  1. Sign in to the exchange you have MATIC on.
  2. If you store your Polygon in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of MATIC you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Polygon.
  6. Complete your transaction and move your MATIC to a wallet for storage.

Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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