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How to buy Polymath (POLY) in the UK

Learn how to buy Polymath (POLY) in our step-by-step guide.

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Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

Polymath (POLY) is the 235th largest cryptocurrency by market cap, valued at US$124,018,426.

Polymath is a highly volatile asset capable of major price swings in a single day. Today POLY is trading for $0.138695 USD, which is higher than yesterday's trading price of $0.13525366 USD. Over the past year, Polymath's price has seen a decrease of -49%.

So before you buy Polymath, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy Polymath.

How to buy Polymath in 4 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 Polymath 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 GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Polymath
    You can now exchange your funds for Polymath. 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 Polymath 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 Polymath in the UK

Find an exchange to buy, sell and trade POLY by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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How we keep this Polymath guide up-to-date

  • POLY price data is regularly updated through data feeds so you always have the latest information.
  • Polymath performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy Polymath?

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 Polymath?

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 Polymath.

  • 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 POLY 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 Polymath?

The easiest way to buy POLY 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 POLY, 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 all-time high tool to get an idea of how the price of Polymath has been performing recently.

Best Polymath wallets to store your POLY

You can keep your POLY 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 POLY below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Polymath a good investment?

As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to POLY, here are a few things you should consider:

  • Partnerships. Polymath has secured a few key partnerships to help streamline the token issuance process. Notable partners include IdentityMind, SelfKey and BnkToTheFuture. Polymath also partnered with Cardano's creator, Charles Hoskinson, to assist in the creation of their native Polymesh blockchain.
  • Use-case. Though Polymath is a securities token platform, POLY tokens are utility tokens rather than security tokens. They’re needed to access the Polymath ecosystem and can be used to issue securities on the platform. POLY tokens are also required for paying transaction and signup verification fees, and as an incentive for developing on the platform.
  • Supply. Polymath’s network has a max supply of 1 billion tokens. No new tokens beyond this point will ever be minted.
  • Adoption. Polymath’s goal isn’t just to bring traditional financial instruments to the unbanked and general public – the network’s success is also predicated on uptake by businesses like venture capital and private equity firms.

Today's Polymath price versus ATH

Compare today's price of Polymath ($0.138695 USD) against its all-time-high price of $1.59 USD on 20 February 2018. The closer the bar is to 100%, the closer POLY is to reaching its ATH again.

Polymath's price: $0.138695
ATH date: February 20, 2018
8.72%

Polymath ATH: $1.59


How to trade, convert or sell Polymath

You can convert or sell your POLY with the same exchange you bought it through:
  1. Sign in to the exchange you have POLY on.
  2. If you store your Polymath 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 POLY you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Polymath.
  6. Complete your transaction and move your POLY to a wallet for storage.
  1. Forbes
  2. CoinBureau
  3. Data by CoinGecko

* 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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