How to buy Polygon
MATIC
Polygon (MATIC) is an Ethereum token that powers the Polygon Network. Polygon provides faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain. To create new MATIC and secure the network, Polygon uses a proof-of-stake consensus mechanism — which means that one way you earn money on MATIC you hold is via staking. You can buy and sell MATIC for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade MATIC for BTC the same way you trade CAD for USD. You can also trade MATIC to CAD based on the MATIC price. To learn how to buy Polygon / MATIC, scroll down to see how to buy Polygon.
In February 2021, Ethereum layer 2 scaling solution Matic Network rebranded as Polygon – an interoperable blockchain scaling framework for building Ethereum-compatible blockchains. It seeks to address some of Ethereum’s major limitations, including its poor user experience (like delayed transactions), high gas fee, and lack of community governance – all using a novel sidechain solution. The MATIC token is used in the Polygon ecosystem, including participating in network governance by voting on Polygon Improvement Proposals (PIPs), contributing to security through staking, as well as paying gas fees.
You may want to consider buying MATIC if you would like to:
Diversify your portfolio by introducing a variety of cryptocurrency assets
Use it for staking and paying for transaction fees
Explore the Polygon network and contribute to its development
Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online
Polygon (MATIC)
All prices are in USD.
How to buy Polygon
MATIC
Polygon (MATIC) is an Ethereum token that powers the Polygon Network. Polygon provides faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain. To create new MATIC and secure the network, Polygon uses a proof-of-stake consensus mechanism — which means that one way you earn money on MATIC you hold is via staking. You can buy and sell MATIC for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade MATIC for BTC the same way you trade CAD for USD. You can also trade MATIC to CAD based on the MATIC price. To learn how to buy Polygon / MATIC, scroll down to see how to buy Polygon.
Here’s how to buy Polygon on Coinsquare
Buying Polygon is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Polygon, which trades as MATIC. Based on when you think you can get a good MATIC price, you should be able to trade MATIC to CAD.
To buy Polygon, simply follow these steps:
Sign up for a Coinsquare account and verify your identity
This is the first step to buying MATIC. Verifying your identity helps us to properly connect your funds to your account.
Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
After funding, select MATIC from the list on the trade section
Coinsquare lets you trade MATIC without leaving the app. You can also check the Polygon stock price and convert MATIC to CAD on the platform.
Select a currency you’ve funded and use it to check the MATIC price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
Buy MATIC
Congratulations! You’re now the proud owner of MATIC. You can either HODL or use it to exchange MATIC to CAD. To the moon!
In February 2021, Ethereum layer 2 scaling solution Matic Network rebranded as Polygon – an interoperable blockchain scaling framework for building Ethereum-compatible blockchains. It seeks to address some of Ethereum’s major limitations, including its poor user experience (like delayed transactions), high gas fee, and lack of community governance – all using a novel sidechain solution. The MATIC token is used in the Polygon ecosystem, including participating in network governance by voting on Polygon Improvement Proposals (PIPs), contributing to security through staking, as well as paying gas fees.
You may want to consider buying MATIC if you would like to:
Diversify your portfolio by introducing a variety of cryptocurrency assets
Use it for staking and paying for transaction fees
Explore the Polygon network and contribute to its development
Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online
Where do I keep my MATIC?
Ready to add MATIC to your portfolio?
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