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- 1. How & where to buy Polygon (MATIC) online
- 2. How to buy Polygon instantly in 3 simple steps
- 3. Where to buy MATIC easily
- 4. Best exchanges to buy Polygon (MATIC), reviewed
- 5. How to trade MATIC
- 6. What is the best way to pay for Polygon (MATIC)?
- 7. How do I store Polygon (MATIC)?
- 8. Is Polygon (MATIC) a good investment?
- 9. Is now a good time to buy Polygon?
How & where to buy Polygon (MATIC) online
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Get started in minutes with our preferred broker, .
9/1082% of retail CFD accounts lose money.
Polygon tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Polygon this way. Follow our quick step guide below.
How to buy Polygon instantly in 3 simple steps
Copy link to sectionTo buy Polygon you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to eToro
Copy link to sectioneToro is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.
77% of retail CFD accounts lose money.
Step 2. Make a deposit
Copy link to sectionAdd funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $10.
Step 3. Buy Polygon token
Copy link to sectionType MATIC into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.
Now you own Polygon tokens! It’s as simple as that.
Where to buy MATIC easily
Copy link to sectionThe overall best exchange to buy Polygon token for beginners is eToro .
Here are the top five places to buy Polygon, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
77% of retail CFD accounts lose money.
Read more about how we rate, rank and review platforms.
Best exchanges to buy Polygon (MATIC), reviewed
Copy link to section1. eToro. Best for beginners, copy-trading & demo-account
1500
No. assets
$10
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.
77% of retail CFD accounts lose money.
2. Public. Best for sharing beginner trading ideas
...
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.
Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.
The fees: Cryptocurrency trades are charged a 2.5% fee per transaction.
3. OKX. Best for futures and margin trading
...
No. assets
$50
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.
From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.
The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.
4. Nexo. Best for earning interest & rewards
...
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Nexo because you earn rewards every time you make a purchase. You can trade 60+ cryptocurrencies and earn rewards of up to 0.5% on every transaction, then store your coins on Nexo to build your wealth through passive interest payments.
You can trade on the go from a mobile app and Nexo is designed for simplicity. Every trade is locked in at the rate you see on your screen, so you won’t suffer from price slippage, and it has the added bonus that any crypto held in your account automatically starts to earn interest.
The fees: Nexo charges a 2% spread on buy and sell transactions. There are no fees for storing coins in your Nexo account. Depending on your loyalty tier, you receive a fixed number of free withdrawals, and any additional withdrawals will be charged a network fee.
5. KuCoin. Best social trading altcoin exchange
1
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.
KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.
The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.
How to trade MATIC
Copy link to sectionYou can trade Polygon on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how MATIC crypto trading works:
- Monitor the price: Let’s say the price of MATIC/USDT is $1. You read the price charts and decide that now is a good time to start purchasing MATIC.
- Open a trade: You trade one USDT for one MATIC ($1 for 1 MATIC).
- Continue to monitor the price: The next day, one MATIC token is now worth $2, a 100% increase.
- Close your trade: You trade your MATIC token back to USDT for $2.
In this example, you buy and sell Polygon, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.
77% of retail CFD accounts lose money.
What is the best way to pay for Polygon (MATIC)?
Copy link to sectionThe simplest way to buy Polygon cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for MATIC.
- Buy Polygon with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy Polygon with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
- Buy Polygon with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store Polygon (MATIC)?
Copy link to sectionMost people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Polygon then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Polygon wallets to use are MetaMask and the Ledger Nano S.
Is Polygon (MATIC) a good investment?
Copy link to sectionWhether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Polygon and its token to help you decide whether to invest in MATIC.
- Polygon is closely tied to Ethereum. Polygon solves some of the problems of the Ethereum network. It makes it faster and more user-friendly and offers a way around some of its limitations. Crucially, though, it lets apps maintain ties with the Ethereum blockchain as well. This could make MATIC a low-priced bet on Ethereum’s success
- You can earn rewards for simply holding MATIC tokens. MATIC tokens can be staked to earn passive income. Staking is the process of locking up some of your coins to verify transactions on the network. For staking, you are rewarded with more cryptocurrency. The average APY for staking with MATIC is around 6%.
- Token holders get a say in how the network moves forward. Owning MATIC tokens allows you to vote on governance issues relating to how the platform develops. If you have confidence in the Polygon network, then owning MATIC is a way to contribute to its future development.
- MATIC is a deflationary token. There is a capped supply of 10 billion MATIC tokens, with around 8.7 billion in circulation. MATIC is also a deflationary coin with a burn rate of 0.27% annually. This means that over time, the number of tokens in circulation will decrease, which should increase their scarcity, and ultimately price.
- Ethereum 2.0 could put an end to MATIC. One thing, in particular, to look out for is Ethereum 2.0, as that is Ethereum’s own attempt at solving the problems with its network. If that proves to be a success, it might greatly impact Polygon’s ability to be an extension that fixes Ethereum. It’s a reminder, too, that you should do your research.
Use this quick summary of pros and cons to compare Polygon with other, similar projects.
Pros
Copy link to section- Close links to the Ethereum project make it more trustworthy
- You can earn rewards from your MATIC tokens
- Some applications already run on its software
Cons
Copy link to sectionUltimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.
How has Polygon (MATIC) performed this year?
Copy link to sectionThe current Polygon price today is $0.918, which is 68% below its all time high of $2.92, which it reached on 27 December, 2021. MATIC is down 64% this year, with a 52 week high of $2.45 and a 52 week low of $0.31.
Is now a good time to buy Polygon?
Copy link to sectionThe answer depends on the current price and your own investment goals. Put simply, buying Polygon, selling Polygon, and trading MATIC are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Polygon.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of Polygon and its decentralised aggregator platform, then a good time to purchase Polygon is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Polygon and selling it the next day probably isn’t why you’re here either.
Regardless, closely following MATIC price news & analysis will help you decide when to pull the trigger:
Astar Network launches Polygon-powered zkEVM solution
Hong Kong-licensed HashKey Exchange to offer MATIC, AVAX to professionals
OnlyFans’ parent firm reveals its Ethereum (ETH) holdings amid surged revenue
More altcoins to buy
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