Where & How to Buy Polygon (MATIC) in 2024 Best Places

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Last updated May 24, 2024 | 12:41 PM UTC

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Intro

There’s no better way to get involved in Ethereum and Web3 than with Polygon (MATIC). 

Today, we’re teaching you how to buy Polygon (MATIC), a token built on the ETH network.

Start with one of the top crypto exchanges from our list below. 

Register then verify your ID. 

Deposit funds with either a credit or debit card and proceed to explore purchasing options.
 
 

Key Takeaways

  • Polygon (MATIC) is based on the Ethereum blockchain and supports dApps
  • The best way to purchase MATIC is on a centralized exchange
  • The best places to buy include decentralized exchanges and crypto wallets
  • Hardware wallets are the best storage option

 

How to Buy Polygon - Step by Step

We’ve found out that the best way to buy Polygon is on a centralized crypto exchange. 

These are the steps to take:
 

  • Step 1 - Choose a cryptocurrency exchange
  • Step 2 - Verify your identity through KYC
  • Step 3 - Add a payment method
  • Step 4 - Deposit funds
  • Step 5 - Start a trade
  • Step 6 - Select Polygon
  • Step 7 - Enter the amount you want to purchase
  • Step 8 - Finalize your transaction 

 

Step 1: Choose a Cryptocurrency Exchange

Consider security, costs, and account minimums and fees when choosing a cryptocurrency exchange. 

Look for an exchange that emphasizes your safety. 

This includes enforcing strong security measures such as two-factor authentication, cold storage for most assets, and frequent security audits. 

Most established centralized exchanges use all these and more security measures to ensure the safety of your identity and funds.

Now, it’s time to compare the fees. Each exchange has a set of fees that serve to keep the exchange operational. 

That’s one of the reasons you usually can’t buy crypto anonymously. 

The usual fees include:
 

  • Deposit/withdrawal fees
  • Trading fees
  • Spread
  • Maker and taker fees, etc

Finally, compare account limitations. In some cases, an exchange will put a limit on your deposits or withdrawals if you don’t verify your identity. 

It may also lock certain features, and this could affect your investing strategy. 
 

Step 2: Verify Your Identity Through KYC

Once you open an account, you’ll need to verify your identity. For this, you’ll need your smartphone, a valid government-issued ID, and proof of address. 

Verifying your ID may take more than a few minutes, depending on several factors. 

Sometimes, it may take a couple of days, if the exchange checks your ID manually. 

This verification method complies with the Securities and Exchange Commission's (SEC) and Know Your Customer (KYC) regulations. 

It serves to deter fraud, money laundering, and other illicit financial activities. This usually means the exchange is super safe to use, as it verifies all its users.

If you use Canadian crypto exchanges or exchanges in the UK, keep in mind that other regulatory bodies may require slightly different or additional ID checks.

Also, KYC assists financial institutions in establishing client trust and ensuring the integrity of the system.
 

Step 3: Add a Payment Method

Once you register and verify your identity, you’ll get full access to your account features. This means you’ll have all sorts of deposit methods available. 

Locate the deposit/payment method section. 

Tap the payment method button to link your payment method. Follow the instructions and steps to link it. 

Sometimes, depending on how you deposit funds, the exchange may deduct a small amount from your account to verify its validity.

You may get an SMS or other transaction confirmation with the name of the exchange and the amount spent. 

This means your deposit method is verified and will work on the platform.

To buy MATIC, you can use the following options:
 

  • Bank account - Good for large or small investments. Transfers usually take 3-5 business days
  • Debit card - Designed for small investments and quick deposits. It processes transactions immediately
  • PayPal - Suitable for minor investments and quick cashouts, with transactions processed instantly
  • Apple Pay - Advisable for moderate investments and fast cashouts. It has instant processing for smooth transactions
  • Google Pay - Designed for moderate investments and quick cashouts, also with immediate handling to accelerate transactions

 

Step 4 - Deposit Funds

To buy MATIC, you need to deposit fiat currency into your account first. Begin by clicking on "Deposit Funds."

Select one of the methods you added in the previous step.

Enter the amount you wish to deposit, review the numbers, and confirm transactions.
 

Step 5 - Start a Trade

Depending on the crypto exchange you've chosen, and the browser you have, you might see different options for purchases. There’s usually a "buy & sell" section or an “instant buy” feature on the exchange. 

The “buy and sell” will take you to a trading section of the platform where you can set the order – stop, limit, market.

If you're using the mobile app, the interface will slightly differ for each exchange. Look for “buy” “trade” or “swap” sections.
 

Step 6 - Select Polygon

If you're on a web browser, start by clicking on the “buy” panel and then search for Polygon. 

On most mobile apps, you’ll likely need to type "Polygon" into the search bar to find MATIC. 

Once you see Polygon in the search results, tap on it. This will open the purchase screen for your transaction.
 

Step 7 - Enter the Amount You Want to Purchase

Input the amount you want to spend in your desired currency.

The system will convert it into a Polygon amount, so you’ll instantly see how many coins you’re getting. 
 

Step 8 - Finalize Your Transaction

To complete your purchase of MATIC, tap on "preview buy" or a similar button. This will display the details of your purchase. 

Review the info and numbers. When you're satisfied, confirm your purchase by clicking "buy now." 

After your order is processed, you will be directed to the confirmation screen. 

Congratulations, you have purchased Polygon!
 
 

Where to Buy MATIC - Best Places

You have several options where you can buy Polygon crypto, including: 
 

  • Centralized crypto exchanges
  • Crypto wallets
  • Peer-to-peer platforms
  • Cryptocurrency ATMs
  • Decentralized exchanges
  • OTC markets
  • Token swap sites 

Each option offers its own set of features and benefits. Explore these platforms to find the best fit for your needs!

Best Sites

Established in 2011, Kraken is a trusted cryptocurrency exchange renowned for its longevity and diverse trading interfaces, catering to a broad user base.

General Information

Year founded: 
2011
Coins Available: 
Bitcoin
Ethereum
Tether
Polkadot
Chainlink
Cardano
Bitcoin Cash
Litecoin
Uniswap
USD Coin
XRP
Aave
Stellar
Tezos
Curve DAO Token
Algorand
Monero
Synthetix
Dai
Filecoin
Compound
EOS
The Graph
Cosmos
Keep Network
ICON
yearn.finance
TRON
Qtum
Dash
Basic Attention Token
Zcash
Kusama
OMG Network
Waves
Nano
Dogecoin
Enzyme
Decentraland
Kava.io
Ethereum Classic
Orchid
Kyber Network
Storj
Siacoin
Lisk
Aragon
PAX Gold
Gnosis
Balancer
tBTC
Augur
0x
1inch
Aavegotchi
Acala Token
Adventure Gold
Akash Network
Alchemix
Alchemy Pay
Alien Worlds
Ambire AdEx
Ampleforth Governance Token
Ankr
APEcoin
API3
Aptos
Arbitrum
ARPA Chain
Astar
Audius
Avalanche
Aventus
Axie Infinity
Badger DAO
Bancor
Band Protocol
BarnBridge
Biconomy
Bifrost
BitDAO
Blur
Bluzelle
BitTorrent Chain
Boba Network
Bonfida
Bonk
r/FortNiteBR Bricks
Cartesi
Celer Network
Celestia
Centrifuge
Chain
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Civic
Coin98
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Covalent
Dent
dYdX
Energy Web Token
Enjin Coin
Ethereum Name Service
Euler
Fantom
Fetch.ai
Flare
Flow
Frax Share
Gala
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Gari Network
GensoKishi Metaverse
Gitcoin
GMX
Green Satoshi Token
Harvest Finance
Hashflow
IDEX
iExec RLC
Immutable
Injective Protocol
Internet Computer
Jasmy
JITO
JUNO
Karura
Keep3r BSC Network
KeeperDAO
KILT Protocol
Kin
LCX
Lido DAO Token
Livepeer
Loopring
Maker
Mango
Marlin
Marinade Staked SOL
Mask Network
Merit Circle
Mina
Mirror Protocol
Moonbeam
Moonriver
r/CryptoCurrency Moons
Multichain
MultiversX
My Neighbor Alice
MXC
NEAR Protocol
Numeraire
NYM
Ocean Protocol
Optimism
Orca
Origin Protocol
OriginTrail
Oxygen
PayPal USD
Pepe
Perpetual Protocol
Phala.Network
PlayDapp
Polkastarter
Polygon
Power Ledger
PYTH Network
Quant
Radicle
Rarible
Raydium
Ren
Render Token
Request
Robonomics.network
Rocket Pool
Rubic
Saber
Samoyedcoin
Secret
Sei
Selfkey
Serum
SHIBA INU
Shiden Network
Solana
Songbird
Spell Token
Stacks
Stafi
Star Atlas
Star Atlas DAO
Stargate Finance
Stella
Step Finance
STEPN
Sui
SuperRare
SuperVerse
SushiSwap
Swipe
Synapse
Terra 2.0
Terra Classic
TerraClassicUSD
Terra Virtua Kolect
Tether EURt
The Sandbox
THORChain
Threshold
TrueFi
TrueUSD
Unifi Protocol DAO
UMA
WOO Network
Wrapped Bitcoin
WETH
Yield Guild Games
Altair
Basilisk
Crust Shadow
Genshiro
HydraDX
Integritee
Interlay
Kintsugi
LimeWire
Nodle
Parallel Finance
Picasso
Polygon Ecosystem Token
pSTAKE
Tokemak
Wrapped Axelar
Website Languages: 
Chinese
English
Filipino
French
Italian
Japanese
Portuguese
Russian
Spanish
Turkish
Ukrainian
Vietnamese

Anonymity

As a registered US exchange, Kraken strictly adheres to KYC & AML laws, prohibiting the creation of anonymous accounts and ensuring regulatory compliance.

Reputation

With one of the best reputations in the industry, Kraken holds the distinction of being the only crypto company worldwide to secure an SPDI banking license.

Pros and Cons

Supports hundreds of coins
High liquidity
Simple and user-friendly interface
Good customer support options
Lots of advanced trading features like margin, futures, and indices trading
No insurance fund for assets on the platform
Doesn’t offer a crypto credit card
No personal wallet service for traders
Supports only a few fiat currencies

OKCoin crypto exchange is a well-established platform providing access to a variety of digital assets for traders globally, with a focus on offering fiat-to-crypto trading pairs.

General Information

Year founded: 
2014
Coins Available: 
Bitcoin
Ethereum
Tether
Dai
Stacks
Bitcoin SV
USD Coin
yearn.finance
Bitcoin Cash
Litecoin
STASIS EURO
Uniswap
Compound
Hedera Hashgraph
Polkadot
TRON
Celo
Ethereum Classic
Celo Dollar
USDK
1inch
Aave
Cardano
Adventure Gold
Algorand
Aragon
APEcoin
API3
Arweave
Astar
Cosmos
Avalanche
Axie Infinity
Badger DAO
Bancor
Blockchain Brawlers
Chiliz
Clover Finance
Crypto.com Coin
Curve DAO Token
Convex Finance
dHedge DAO
DIA
Dogecoin
dYdX
Elrond
Enjin Coin
Ethereum Name Service
Flow
Flare
Ampleforth Governance Token
Fantom
Gala
Aavegotchi
The Graph
Internet Computer
ICON
Immutable
Kadena
Kyber Network
Keep3rV1
Kusama
PlatON
Lido DAO Token
LINK
Livepeer
Loopring
Terra
Terra Classic
MAGIC
Decentraland
Mask Network
Polygon
MetisDAO
Mina
Maker
Numeraire
Harmony
Optimism
Perpetual Protocol
Phala.Network
Ravencoin
The Sandbox
Stader
SHIBA INU
SKALE Network
Smooth Love Potion
Synthetix
Solana
Spell Token
Storj
SushiSwap
Tellor
UMA
TerraClassicUSD
WAX
Wrapped Bitcoin
Wing Finance
Stellar
Nano
Tezos
DFI.Money
Zcash
Horizen
Zilliqa
0x

Anonymity

OKCoin enforces KYC verification procedures, mandating users to undergo identity verification to access trading services.

Reputation

OKCoin is recognized for its strong reputation, known for its reliable platform, liquidity, and compliance with regulatory standards.

Pros and Cons

Very low trading fees
Offers advanced trading services and features like futures and margin trading
Very high liquidity
Fiat currency deposits and withdrawals
Top level security
A lower number of cryptocurrencies on offer when compared to other big exchanges
A lower number of crypto pairs on offer
Requires level 2 verification before you can withdraw
Comes only in the English language
Fraudulent insurance claim

Binance US, launched in 2019, is a prominent cryptocurrency exchange catering to the American market with a wide array of trading pairs and advanced features.

General Information

Year founded: 
2019
Coins Available: 
Tether
Ethereum
Bitcoin
Cardano
Chainlink
Uniswap
XRP
VeChain
Binance USD
Matic Network
Litecoin
Stellar
Algorand
Compound
Elrond
Tezos
Zilliqa
Hedera Hashgraph
Binance Coin
Maker
Solana
USD Coin
ICON
Bitcoin Cash
Horizen
OMG Network
Helium
Band Protocol
IOTA
EOS
Cosmos
Basic Attention Token
Nano
Neo
Dash
Decentraland
Dogecoin
VeThor Token
Zcash
Kyber Network
Waves
0x
Harmony
Orchid
Qtum
Dai
Ontology
Ravencoin
Ethereum Classic
Augur
Storj
PAX Gold
Polygon
Polkadot
SHIBA INU
TRON
Avalanche
Filecoin
Aptos
Lido DAO Token
TrueUSD
NEAR Protocol
Quant
Internet Computer
APEcoin
The Graph
Fantom
Aave
MultiversX
Flow
Immutable
THETA
Axie Infinity
The Sandbox
Optimism
Curve DAO Token
Synthetix
Render Token
Loopring
Mask Network
Threshold
Kava Lend
Ankr
Balancer
yearn.finance
Fetch.ai
Celo
1inch
Enjin Coin
Theta Fuel
Gala
Astar
Kusama
Ethereum Name Service
Audius
SushiSwap
Golem
Kadena
Ocean Protocol
Biconomy
Alchemy Pay
FLUX
Livepeer
SKALE Network
WAX
Celer Network
Illuvium
DigiByte
Lisk
API3
Syscoin
Gitcoin
Stargate Finance
Smooth Love Potion
Ren
Numeraire
Polymesh
Request
Galxe
Cartesi
Radicle
Aragon
Bancor Network Token
Prometeus
COTI
Marlin
Spell Token
My Neighbor Alice
Loom Network
Alien Worlds
Reef
StormX
Mines of Dalarnia
Origin Protocol
Ampleforth Governance Token
LTO Network
SuperRare
League of Kingdoms Arena
DIA
BarnBridge
Clover Finance
Voxies
Alpine F1 Team Fan Token
VITE
Santos FC Fan Token
FC Porto Fan Token
Oasis Network
MIOTA
iExec RLC
Lazio Fan Token

Anonymity

In adherence to US regulations, Binance US implements robust KYC and AML procedures, requiring users to undergo identity verification and ensuring compliance with legal standards.

Reputation

Binance US has established a reputable presence in the American crypto landscape. It's known for its reliability, regulatory compliance, and commitment to providing a secure trading environment.

Pros and Cons

Very low trading fees
Lots of educational resources available
So fast that it processes 1.4 million orders per second
High liquidity to customers
Attention to security, and constant innovation
Not available in some US states
Fewer crypto to crypto pairs than other exchanges
Lengthy identity verification process
Parent company was hacked in 2019
Limited selection of crypto assets

The Crypto.com mobile app is a feature-rich platform that provides users with a convenient and user-friendly way to manage their cryptocurrency assets on the go. Offering a seamless experience, the app allows users to buy, sell, and trade a variety of cryptocurrencies.    

General Information

Year founded: 
2016
Coins Available: 
Cronos
USDP Stablecoin
0x
Aavegotchi
Algorand
Basic Attention Token
Chainlink
Chromia
COTI
Enjin Coin
Kyber Network
NEAR Protocol
Oasis Network
OG Fan Token
OMG Network
Origin Protocol
PAX Gold
Polkastarter
Raiden Network Token
THETA
TomoChain
TrueUSD
USD Coin
XRP
Bitcoin
DIA
Ethereum
Holo
Litecoin
Stacks
Boson Protocol
Coin98
Casper
JOE
Convex Finance
Band Protocol
Radicle
Filecoin
Flow
Polkadot
ARPA Chain
Balancer
Kadena
Perpetual Protocol
Dogecoin
Gala
UMA
Wrapped Bitcoin
UNICORN Token
Serum
yearn.finance
Jasmy
Covalent
Bancor
XYO
Curve DAO Token
Badger DAO
Loopring
Ethereum Name Service
Ontology
Kusama
Power Ledger
Ethereum Classic
Ren
Waves
Storj
BigONE Token
Theta Fuel
Biconomy
Dash
Tether
Orchid
Ravencoin
VeThor Token
Gods Unchained
Komodo
Zilliqa
Anyswap
Ark
Chiliz
TrueFi
Ardor
Solana
Stratis
Livepeer
Hedera Hashgraph
Nano
Amp
SuperCoin
Lisk
Enzyme
Golem
Helium
API3
Ontology Gas
Klaytn
Arweave
Qtum
Keep Network
Render Token
ICON
Mina
Neo
Bonded Finance
Stellar
Cardano
Quant
IDEX
Bitcoin Cash
Mask Network
Keep3rV1
VeChain
Siacoin
BiFi
Tezos
Cosmos
Augur
Waltonchain
IOST
EOS
Polymath
Maker
NuCypher
Gitcoin
Dai
Ocean Protocol
Aave
Decentraland
Rally
Ankr
Fetch.ai
QuickSwap (Old)
Avalanche
Celer Network
Bluzelle
Binance Coin
Reserve Rights
Nervos Network
The Graph
My Neighbor Alice
Contentos
Compound
Harvest Finance
aelf
Synthetix
PLANET
Marlin
SKALE Network
Orion Protocol
Numeraire
Frax Share
IRISnet
SushiSwap
Kava.io
NKN
IoTeX
Paxos Standard
THORChain
Yield Guild Games
HUSD
Ampleforth
Tribe
Gemini Dollar
1inch
Request
Audius
The Sandbox
WAX
Axie Infinity
Adventure Gold
Cartesi
Venus
Paris Saint-Germain Fan Token
iExec RLC
BakeryToken
Injective Protocol
PancakeSwap
Juventus Fan Token
Tellor
SHIBA INU
AS Roma Fan Token
Internet Computer
Atletico De Madrid Fan Token
Binance USD
DigiByte
MovieBloc
Fantom
Aergo
APEcoin
Alchemix
Alpha Finance Lab
Reef
Crypterium
WEMIX
Aurora Chain
Measurable Data Token
ChessCoin
Kryll
FLUX
Akash Network
Rarible
Lido DAO Token
FC Barcelona Fan Token
Status
Unifi Protocol DAO
Wootrade
MXC
Metis
Alchemy Pay
Gnosis
CUDOS
Terra Classic
Stox
Polygon
Harmony
Everipedia
XSGD
MultiversX
Efinity Token
Illuvium
Raydium
dYdX
Shiden Network
Safepal
Moonriver
BENQI
Immutable
Dogelon Mars
Pendle
VVS Finance
Mines of Dalarnia
Spell Token
Vulcan Forged PYR
Smooth Love Potion
Songbird
Boba Network
IQ
AC Milan Fan Token
Chia
Ellipsis (Old)
Ellipsis
Acala Token
Qredo
Merit Circle
Astar
Voxies
Splintershards
SuperRare
Optimism
Xeno Token
Zebec Protocol
AIOZ Network
Highstreet
Ooki Protocol
Stargate Finance
Minted
Gomining
GMX
Aptos
Osmosis
TrueAUD
TrueCAD
TrueGBP
Argentine Football Association Token
SC Corinthians Fan Token
Universidad de Chile Fan Token
HoDooi.com
Radar
DappRadar
Tectonic
DeRace
MM Finance
Step App
Ferro
ZED Token
Moonbeam
Nanomatic
Retawars GoldRose Token
ScarpaCoin
Website Languages: 
Chinese (Mandarin)
Hungarian
Romanian
Taiwanese
Spanish
Russian
French
Italian
Portuguese
Danish
Indonesian
Polish
Turkish
Vietnamese

Anonymity

Crypto.com requires ID verification to comply with Know Your Customer (KYC) regulations. Plus, If you buy cryptocurrencies with a credit or debit card on Crypto.com, the transaction may be associated with your card details and identity.

Reputation

Crypto.com has generally maintained a positive reputation in the cryptocurrency industry. It has gained credibility by adhering to security standards, obtaining necessary licenses, and implementing features to protect user funds.    

Pros and Cons

Extensive list of supported cryptocurrencies
Hardware wallet support
With its Visa cards, you can spend your crypto and earn rewards
Easy to purchase NFTs on the platform using either fiat or certain cryptos
Higher fees for those who don't hold and use CRO
Poor customer service
Lack of educational resources
Slow in-app live support

Coinbase, a major player since its inception in 2012, is a user-friendly cryptocurrency exchange offering a secure platform for buying, selling, and managing a variety of digital assets.

General Information

Year founded: 
2012
Coins Available: 
Bitcoin
Ethereum
Dogecoin
Tether
Cardano
Polkadot
Bitcoin Cash
Litecoin
Solana
USD Coin
Avalanche
SHIBA INU
Crypto.com Coin
Wrapped Bitcoin
Uniswap
Chainlink
Polygon
Algorand
Stellar
Axie Infinity
Decentraland
TerraUSD
Filecoin
Ethereum Classic
Cosmos
Dai
Tezos
The Graph
EOS
Aave
Loopring
Maker
Enjin Coin
Quant
Chiliz
Zcash
Amp
Dash
Compound
Celo
IoTeX
Curve DAO Token
Basic Attention Token
OMG Network
yearn.finance
SushiSwap
Horizen
Livepeer
Voyager Token
UMA
Ankr
Perpetual Protocol
Synthetix
Bancor
0x
Paxos Standard
Ren
XYO
SKALE Network
Storj
1inch
OriginTrail
Fetch.ai
NuCypher
Polymath
Cartesi
Function X
Numeraire
COTI
NKN
Civic
Orchid
iExec RLC
Badger DAO
Band Protocol
Gala
Rally
PlayDapp
Keep Network
Rari Governance Token
Alchemy Pay
TrueFi
Augur
Orion Protocol
Mirror Protocol
Request
Enzyme
ARPA Chain
LCX
Balancer
DFI.Money
BarnBridge
DerivaDAO
Ampleforth
Tellor
Rarible
district0x
Assemble Protocol
SUKU
Harvest Finance
Kryll
Bounce Token (Old)
mStable USD
Kyber Network
Internet Computer
Origin Protocol
Powerledger
Ethereum Name Service
Jasmy
Tribe
Braintrust
Mask Network
Alchemix
Radicle
Adventure Gold
Clover Finance
QuickSwap (Old)
Gitcoin
Rai Reflex Index
GYEN
Wrapped LUNA
Wrapped Centrifuge
Media Network
BitDAO
Vara Network
Liquid Staked ETH
Wrapped Ampleforth
Binance Coin

Anonymity

Committed to regulatory compliance, Coinbase adheres to strict KYC and AML protocols, necessitating user identity verification and preventing the establishment of anonymous accounts.

Reputation

With a solid reputation, Coinbase is widely recognized for its reliability, ease of use, and regulatory adherence. As a publicly traded company, it holds a position of trust in the cryptocurrency market.

Pros and Cons

Low minimum deposit
Offers a variety of assets
Fast crypto withdrawals
Lists smaller assets before other big exchanges
User-friendly interface with intuitive design
Higher fees than some other exchanges
Support not available on bank holidays
Controls customers' private keys
Restricted to many countries
Doesn't offer many advanced services

AscendEX is a global cryptocurrency exchange offering a wide range of trading pairs, futures contracts, and investment opportunities.

General Information

Year founded: 
2018
Coins Available: 
Bitcoin
Ethereum
Bitcoin SV
Chainlink
EOS
Cardano
NEM
Cosmos
Binance Coin
Bitcoin Cash
0x
Huobi Token
TRON
Algorand
VeChain
Ontology
Fetch.ai
Zilliqa
Basic Attention Token
Serum
Ethereum Classic
IOST
Zcash
Tezos
Polygon
Qtum
Dogecoin
Ravencoin
aelf
Harmony
Nervos Network
FIO Protocol
Wootrade
Dash
Centric Cash
Polkadot
Walken
BitTorrent
THORChain
Router Protocol
1inch
Akash Network
Stafi
XCAD Network
Terra Virtua Kolect
Ultra
Frontier
USDX [Kava]
Persistence
Casper
Kira Network
HAPI Protocol
Solana
ECOMI
Kava.io
Neo
HARD Protocol
CoinEx Token
Geeq
Synchrony
Ternoa
Fantom
Hathor
Ariva
Waves
Port Finance
Verasity
Concordium
Zebec Protocol
BEPRO Network
Uniswap
PolkaFoundry
Swingby
Radiant Capital
ZeroSwap
Prom
WINkLink
Curve DAO Token
Loopring
Decentraland
PancakeSwap
Gnosis
TrustSwap
Avalanche
Connect Financial
Pluton
Autonio
Aptos
Fuse Network
Filecoin
eCash
Crypto.com Coin
Stratos
Orion Protocol
HOPR
Nsure.Network
xDai
Aave
Tether
SushiSwap
Jarvis Network
Floki Inu
Polis
Optimism
YIELD App
LTO Network
USDD
Lovely Inu
The Graph
BOLT
CUDOS
Chiliz
KuCoin Token
Radix
Star Atlas
Alchemy Pay
DAD
Ferrum Network
High Performance Blockchain
Clearpool
Qredo
Sidus
Magic Internet Money
PowerTrade Fuel
Synthetify
Solanium
Taraxa
MahaDAO
Divi
Gather
Axie Infinity
OneLedger
COTI
HoDooi.com
Crowny
Compound
JulSwap
Tokoin
SquidGrow
SHIBA INU
Litecoin
Sovryn
Covalent
Nimiq
Sypool
Opulous
VERA
Hashflow
Hedget
Rizon
APEcoin
DIA
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Website Languages: 
English
French
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Portuguese
German
Hindi
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Anonymity

Users are required to complete a Know Your Customer (KYC) verification process to comply with regulatory requirements and ensure the security of the platform.

Reputation

This exchange has built a reputation for being a reliable and secure cryptocurrency exchange platform. It is known for its robust trading infrastructure, a diverse range of supported assets, and commitment to providing a safe trading environment.

Pros and Cons

Ascendex native token
Offers advanced features and services like margin, futures and options
Lots of coins and pairs on offer
Lots of fiat currencies for trading
Low fees on different levels
High minimum deposit
No insurance cover for users' assets
No phone support
No demo accounts
No copy trading

Disclaimer: The information provided on this website is for informational purposes only and should not be considered as financial, investment, or legal advice. Cryptocurrency investments are volatile and high-risk in nature. Consult with a qualified financial advisor and/or tax professional before making any investment decisions. We are not responsible for any loss incurred due to the use of information on this website. Do your own research and exercise caution. Don’t invest unless you’re prepared to lose all the money you invest.
 

1. Centralized Crypto Exchanges - Recommended Method

Centralized cryptocurrency exchanges (CEXs) serve as digital platforms for transactions between buyers and sellers of digital assets. 

CEXs follow a conventional approach, managing users' cash, matching buy and sell orders, and overseeing the exchange of digital assets. 

Users interact with CEXs by creating accounts, depositing funds, placing orders, and entrusting the exchange to execute them.

Here are some pros and cons to consider:

 

Pros and Cons of Centralized Crypto Exchanges
Pros Cons
Easy-to-use user interfaces Centralized control causes security risks
High liquidity and trading activity Potential downtime and service interruptions
Good customer service High transaction costs
A diverse range of trading pairs Lack of direct user administration of private keys
Offer fiat-to-crypto gateways  

 

2. Crypto Wallets

Cryptocurrency wallets store both public and private keys, as well as facilitate transactions across the blockchain network. 

To purchase MATIC using a crypto wallet, you'll first need to select a compatible wallet that supports Polygon. Then, either create a new account or access a current one. 

If you need to make a new wallet, note down your secure passphrase and the passwords you used. These will help you restore your wallet if you lose a device or accidentally delete the app. 

Know that without these, you won’t be able to access your Polygon. Store the passphrases and passwords in a secure space – write them down in a notebook or send them to your email.

Next, link your wallet to a payment system. This could be a bank account, credit/debit card, or other supported option.

Each wallet is slightly different, so just follow the instructions on the screen. Based on our Crypto.com review, it's one of the simplest wallets to start with.

After linking your payment method, select Polygon and enter your purchase amount. 

Once you confirm the transaction and complete any necessary identity verification requirements, your purchase will be finished.
 

3. Peer-to-Peer (P2P) Platforms

Peer-to-peer (P2P) platforms connect buyers and sellers by matching their price preferences and assuring transaction security to prevent fraudulent activity. 

This type of trading is popular in countries with strict cryptocurrency rules, such as India and the Philippines. 

Traders use the P2P approach for crypto transactions to exchange digital assets without using intermediaries like centralized exchanges.
 

4. Cryptocurrency ATMs

A crypto ATM allows anyone to buy or trade cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and Tether. It accepts payment with either cash or cryptocurrency wallets. 

Besides, it provides a straightforward and accessible way for individuals to engage in crypto transactions. This method doesn't rely on online exchanges or trading platforms. 

However, these ATMs do not support direct sales of Polygon. To purchase MATIC, go to a nearby crypto ATM that accepts Ethereum transactions. 

Then, generate your Ethereum wallet address on the exchange, purchase ETH, and send it to an exchange. 

Swap your Ethereum for Polygon using the ETH/MATIC trading pair. 

After completing the purchase order, move the Polygon to a secured private wallet.
 

5. Decentralized Exchanges (DEXs)

Decentralized cryptocurrency exchanges (DEXs) are digital platforms that allow direct peer-to-peer trading of digital assets without the need for middlemen. 

Unlike centralized exchanges, DEXs use a decentralized framework where individuals keep ownership over their funds and trading happens directly between network participants.

Also, users utilize smart contracts or decentralized protocols to execute trades, eliminating the necessity for a central authority and automating trading.

 

Pros and Cons of DEXs
Pros Cons
Decentralization decreases the risk of security breaches Interfaces are not as straightforward as CEXs’
Lower chance of system downtime or interruptions Reduced availability of funds and trading activity in certain situations
Transaction fees are lower compared to CEXs Limited customer service options compared to CEXs
More anonymity   

​​​  

6. Over-the-Counter (OTC) Markets

Over-the-counter (OTC) trading desks act as mediators in private transactions between parties. 

They maintain confidentiality by skipping public exchange channels. There are two primary types of OTCs: principal and agency. 

Principal desks take the risk by investing their own money to get assets on behalf of buyers. 

For example, if you're a big crypto investor, start by getting a quote for MATIC from a good OTC desk. 

Then, choose whether to accept or present a counteroffer that fits your plan. 

Once both parties agree, the OTC desk will manage the sale and delivery of MATIC as per the contract. 

Agency desks, on the other hand, minimize market risk by not investing their cash in deals. 

Instead, they act as intermediaries for buyers and charge a fee for their services.
 

7. Token Swap Platforms - Instant Crypto Exchanges

Token swap platforms use smart contracts and blockchain technology, allowing users to swap tokens directly and instantly.

This strategy ensures that individuals have complete control over their funds throughout the trading process. 

It differs from CEXs and DEXs – users can instantly swap coins from their wallets or trading accounts.

To acquire Polygon, connect your Ethereum-compatible wallet to the platform. Then, head to the trading section to swap your ETH for MATIC.

You can do this with other coins, not just Ethereum.

Enter your preferred quantities and authorize the transaction. Wait for a confirmation. (This takes a few minutes.)

Once confirmed, MATIC tokens will be deposited into your wallet.
 
 

Alternative Ways to Buy MATIC

Are you looking for other ways to buy Polygon (MATIC)?

One alternative is PayPal. It is a convenient way to buy crypto, together with credit and debit cards.
 

PayPal

PayPal does not support MATIC purchases on its platform.

To buy MATIC coin with PayPal, you'll first need to link your PayPal account to an exchange that accepts PayPal payments, like you would for Cash App.

From there, you can use your deposited funds to buy MATIC. 

For more security and control over your funds, withdraw your purchased MATIC coins to your crypto wallet.
 

Credit/Debit Card

You can buy MATIC with a credit card or debit card through payment processors. First, you'll need to pick a reputable platform. 

Look for established sites, with SSL and other security features. Check on Reddit and crypto forums for the best options.

After creating an account, give your personal information and link your card. Enter details like the card number, expiration date, CVV code, and billing address. 

Some platforms might require additional verification steps for security purposes. 

Next, select MATIC and specify your desired amount. 

Review all transaction details, including fees, before confirming the purchase. 

Once processed, your purchased MATIC will appear in your platform wallet. 

Consider transferring it to a personal wallet for enhanced security.

Note that credit card transaction fees on cryptocurrency exchanges are often costly, plus your credit card issuer might charge more for crypto transfers. 
 
 

How to Store MATIC

There are two main ways to store MATIC securely – hot wallets and cold wallets. 
 

Hot Wallets

Hot wallets are digital wallets on your phone or computer. They're easy to use and let you spend your MATIC quickly

Software wallets are ideal for trading yet they pose risks due to their constant connection to the internet.

To set it up, you must have to download a trusted wallet or a desktop app. 

There’s no need to open an account, but you’ll have to set up your wallet. To do this, follow the steps on the screen.

These usually involve setting up a strong, unique password, and memorizing a secure passphrase. 

For this, you’ll be presented with a row of 12 or 24 random words. You’ll have to write them down or screenshot them. Then, the wallet will ask you to retype all or some of them.

This confirms you own the wallet and the funds in it. These words will also serve to restore your wallet.

Be sure to keep your device and wallet software updated. 

Also, keep them secure by enabling features like two-factor authentication. 

In addition, don't forget to back up your wallet's info offline to keep it safe. 

Moreover, be careful when using your hot wallet online to avoid scams or hacks. Don’t click on random and suspicious links, even if they come to your mobile phone as an SMS.
 

Cold Wallets

A cold wallet keeps your MATIC offline. It comes in the form of a USB drive, that you’ll connect to an app.

To set it up, follow the instructions with your device. Those guides will help you create a new wallet and secure your access codes. 

Then, transfer your MATIC tokens to the offline device. Keep your cold wallet in a safe place.

Also, make backups of your access codes and store them in different secure spots. Keep in mind to only connect your cold wallet to a trusted computer when you need to. 

Besides, always double-check transactions on your device's screen before confirming. 

Storing MATIC in a cold wallet helps protect it from online threats and keeps your assets secure for the long haul.

Cold wallets are perfect for long-term investments and for people who don’t intend to trade daily.
 
 

Why Should You Buy MATIC? What is it Good For?

Consider purchasing MATIC due to its versatility and substantial growth potential.

It is the main token of the Polygon network, which offers many benefits. 

First, it fuels transactions within the Polygon ecosystem. This makes trades quick and affordable.

Owning this digital asset lets you use many different decentralized apps (dApps) built on Polygon, which are becoming more popular in the decentralized finance (DeFi) industry.

As a MATIC holder, you can also help decide how the Polygon network should operate and take part in its future development.

As more people seek blockchain systems that can grow and collaborate, MATIC becomes important. It stands as a robust system for both building and using dApps.

By investing in MATIC, you position yourself at the forefront of blockchain innovation. 

Moreover, you may capitalize on its many uses and growth potential. These include scalability, lower transaction fees, and interoperability with Ethereum. 

These advantages make it an appealing choice for crypto investors.

Furthermore, you'll enjoy staking rewards and opportunities within the growing DeFi ecosystem.

Community support and ongoing development further enhance its potential. 

All this makes MATIC a compelling investment in the crypto world.

 

 

Why Trust Us?

With a team of cryptocurrency experts, CryptoManiaks ensures that every piece we publish is packed with clear instructions.

We’ve personally bought MATIC, checked our listed exchanges, and followed the steps we list here, to help you understand how to proceed.

We also conducted thorough research using reliable sources and data to bring you the most up-to-date insights on Polygon developments. 

Our writers engaged with the crypto community, encouraging the sharing of ideas and feedback to keep our content relevant and valuable.

Frequently Asked Questions

Are there any discounts or promotions available for buying MATIC?

Most crypto exchanges don’t offer promotions for crypto purchases. You might find some that get you discounts or 0% fees for deposits, but trading or swapping comes with fees. The best way to find out if there’s any form of discount is to stay involved in official Polygon channels.

What other cryptocurrencies can I use to purchase MATIC?

You can purchase MATIC with many kinds of cryptocurrencies. Bitcoin and Ethereum are widely used and Ripple (XRP), Litecoin (LTC), and Binance Coin (BNB) are also acceptable options. Check which trading pairs are supported on the exchange you plan to use.

Are there any restrictions or requirements for buying MATIC?

When buying MATIC, there are no specific restrictions or requirements – you’ll need to be at least 18 years old with proof of address, and a valid ID. Yet, it is important to note that the process may vary depending on the country or region you are in. For some exchanges, you may need to complete a Know Your Customer (KYC) check to stay compliant with the latest Anti-Money laundering regulations.

Who accepts Matic as payment?

There are over 600 places that accept Polygon today. These include Hostiko (hosting provider), Coinsbee.com (gift card platform), Efilenka (handmade product platform), and similar. Chances are, more places will accept Polygon in the future, leading to an increase in MATIC usage.

Who can I contact for support with buying Matic?

There’s no official support for any crypto, including MATIC. However, you can always contact the customer support team on a centralized exchange or a wallet you’re using to trade. Decentralized exchanges have limited support, but you may find some that can help you manage.

Written by

Rica was a local news writer in the Philippines from 2011 to 2019. During the 2020 COVID pandemic, she fell in love with cryptocurrency and expanded her writing expertise to blockchain, NFTs, Web3, and FinTech. She is also well-versed in the financial markets, specializing in daily market news and price predictions. When she’s not writing, you’ll find her singing and dancing to K-Pop music!

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