How do I buy Matic (Polygon)?
There are two ways to buy polygon coin: first, use those platforms that allow you to buy polygons directly with fiat currency, and second, exchange the cryptocurrency you already have with Matic Coin. Out of these two, the second method is cheaper and easier, while the fees and time are also more for the first method. Exchanging the cryptocurrency you already have with Matic Coin is a great way to get started with buying Polygon Coin.
Where can I buy Matic (Polygon) Coin?
The first thing you need to do is choose a good crypto platform that gives you the option to buy or at least exchange Matic Coin for other coins. You can choose a centralized or decentralized platform that suits you best. I think a centralised exchange platform will be good if you are new to cryptocurrency. Then transfer it and store it in any of your wallets. Once you have chosen the platform, you will need to create an account and follow their instructions to buy or exchange Matic Coin. After you have your account, you can begin the process of exchanging Matic Coin for fiat currency or any other cryptocurrency. Here are some cryptocurrency exchanges where you can buy Matic coins.
Buy Matic on Binance.
If you want to buy Matic Coin in your local currency, Binance can prove to be the most convenient platform because it has everything that a new or experienced trader needs. You can buy Matic coins directly using Binance or exchange them for any other coin you own. The good news is that you can buy Matic Coin directly from P2P or Polygon Coin with a bank account or credit card. To start with Binance, create an account and then complete the KYC verification for buying Cardano. If you just want to exchange Cardano, the KYC is not necessary.
Good:
- Binance is one of the largest and most popular cryptocurrency exchanges in the world, offering a wide variety of trading pairs and a user-friendly interface.
- The exchange has a strong reputation for security, with advanced features such as two-factor authentication and multi-tier and multi-cluster system architecture.
- Binance offers a mobile app for trading on the go and also has a margin trading feature.
- Binance has a low trading fee of 0.1% and also offers a trading fee discount if using their native token, Binance Coin (BNB) to pay for trading fees.
- Binance offers a wide variety of trading pairs, including both major cryptocurrencies such as Bitcoin and Ethereum, as well as a large number of altcoins.
Bad:
- Binance has faced some issues with outages and slow load times during periods of high trading volume.
- Some users have reported difficulty navigating Binance's interface, particularly for more advanced trading strategies.
- Binance has been hacked in the past, with users losing funds.
- Binance has faced some regulatory scrutiny in certain jurisdictions, which could limit its ability to operate in those areas.
- Binance has faced criticism for listing certain questionable projects and tokens on its platform, which has raised concerns about the exchange's vetting process.
Buy Matic on MetaMask.
MetaMask is a browser extension and a digital wallet that allows users to interact with the Ethereum blockchain. It is a bridge that allows users to access the Ethereum network through their web browser and manage their Ethereum-based assets, such as ERC-20 tokens. Users can also add their desire blockchain networks, such as Polygon and BNB.
Users can buy Matic on MetaMask using two payment methods in their local currency. Buying Matic coins can be costly or not, depending on which country you are from. The good thing about using MetaMask is that your fund will be under your control, but one problem is that you will need KYC in the middle of the buying process . And you will have to do this again and again, every time you buy Matic Coin. Here, you can find step-by-step instructions on how to buy Matic on MetaMask.
Good:
- MetaMask is a user-friendly and secure way for individuals and businesses to interact with the Ethereum blockchain and access decentralised applications.
- It allows users to create and manage multiple Ethereum accounts, which can be used to hold and manage different types of assets.
- It offers a built-in seed phrase feature that allows users to backup and restore their accounts, which provides an extra layer of security.
Bad:
- MetaMask is only compatible with the Ethereum blockchain, so users cannot interact with other blockchain networks.
- Some users have reported difficulties with the extension, particularly with the setup process and connecting to different networks.
- MetaMask has been subject to phishing attacks in the past, so users must be cautious and verify the authenticity of the website or link they are using.
Buy Matic on the Kraken exchange.
Kraken is a popular cryptocurrency exchange that offers a wide variety of trading pairs. On Kraken, users can buy Polygon MATIC or exchange with Matic using bitcoin, ethereum, and various other cryptocurrencies, such as USDT. Users can buy Matic with their credit card.
Good:
- Kraken offers a wide variety of trading pairs, including MATIC, making it easy for users to buy and trade this cryptocurrency.
- The exchange has a reputation for security, with features such as two-factor authentication and PGP email encryption.
Bad:
- Some users have reported difficulty navigating the Kraken's interface, particularly for more advanced trading strategies.
- Kraken has faced some issues with outages and slow load times during periods of high trading volume.
- Kraken has been hacked in the past, with users losing funds.
Buy Polygon MATIC on MoonPay.
Moonpay is a payment gateway that enables merchants to accept online payments from customers using a wide variety of payment methods, including credit and debit cards, bank transfers, and e-wallets. The good thing is that you can buy Polygon Matic coins using MoonPay in your local currency.
This method is good for those who do not have many options to buy Matic Coins, because it charges a higher fee than other payment methods for buying Polygon Matic. Read the full process on "How to buy Polygon (MATIC)?"
Buy Matic with a credit card.
If you are unable to buy Matic Coin from anywhere, then the credit card method is still alive. You can choose any exchange platform that allows you to buy Matic with a credit card, such as Bybit, Nexo, Cex, Crypto.com, and Karken.
But one thing you may not like about this method is that it is time-consuming; if you buy Matic with a credit card, then it will take more time, there is a risk of losing funds, and the fees are also higher than expected, which may reduce your profit.
Good:
- Buying cryptocurrency with a credit card allows for quick and easy purchases.
- Credit cards are widely accepted and can be used at most exchanges and platforms.
- Some exchanges offer instant purchases with credit cards, allowing users to buy cryptocurrency without waiting for bank transfers to clear.
- Credit card companies often offer protection against fraud, which can provide an added layer of security for the user.
Bad:
- Buying cryptocurrency with a credit card can be more expensive than other methods, as many exchanges and platforms charge high fees for credit card purchases.
- Some credit card companies may classify cryptocurrency purchases as cash advances, which can result in additional fees and higher interest rates.
- Some countries or states may have restrictions on buying cryptocurrency with a credit card.
- Some exchanges and platforms do not accept credit card purchases due to the high risk of chargebacks.
Buy Matic Coin in India.
By the way, you can buy Matic Coin anywhere, whether you are Indian or not. But if you want to buy in Indian rupees, then the options become less for you.
If you want to buy Matic coin after purchasing USDT via P2P, you can do so through Binance, Gate, or Huobi Global. But if you want to use a direct deposit method like bank transfer or UPI, then you have to use an Indian crypto exchange.
WzirX, BitBNS, CoinDCX, ZebPay and CoinSwitch are some popular exchanges that accept direct deposits. You can easily trade rupees for Matic by depositing rupees on these platforms, or you can buy Polygon (Matic).
Good.
- Easy to use.
- Fast and secure.
- Direct deposit of INR.
- Easy to buy Matic with Indian rupees.
Bad.
- Really hard KYC process.
- High fees on trading or exchanging.
- It's hard to withdraw your Matic coin.
- Low market cap and can take a long time to trade.
- Not enough security features to store funds for a long time.
Conclusion - Buy Polygon Matic.
If you think that Matic Coin will give a good profit in the future, then you must invest in it. For that, you can use any of the platform mentioned above.
It's important to do your own research and compare different options before deciding on the best way to buy MATIC for you. Remember to always use caution when buying any cryptocurrency, and keep in mind the risks involved.
FAQs on buying Polygon Matic.
Which is the cheapest way to buy Matic?
P2P looks like the cheapest way to buy Matic coin, or you can also exchange your crypto with Polygon Matic.
How to buy matic on polygon network?
You can buy matic on network by using MoonPay. If you are using a centralised platform, then you can transfer Matic on the Polygon network, but be careful and choose the right Polygon wallet address.
Is Matic and Polygon the same thing?
Yes, the original name was Matic, then changed to Polygon.