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How & Where to Buy Polygon A Step-by-Step Guide to Buying MATIC

Congratulations! You can buy Polygon directly with cash at Gemini.

  1. Sign up at our one of our top-ranked Polygon exchanges.
  2. Fund your new account with cash or crypto.
  3. Buy PolygonMATIC

Read on for detailed instructions below on where and how to buy Polygon and you will be a PolygonMATIC owner in no time at all.

  1. STEP 1Register at a MATIC Exchange

    Best Polygon (MATIC) Exchanges

    • 1486429286
      Ease of use
      Very Easy
      Time to 1st Buy
      10 min
      24h Volume
      $20,659,392
      Coins
      44

      Founded by the Winklevoss twins, who also conceived Facebook, Gemini is an ultra-convenient and incredibly legitimate platform that has gone through every level of financial scrutiny possible to be the most reliable cryptocurrency exchange in the US. Truly too legit to quit, this is one of the few exchanges where your funds are actually insured in case of theft. USD-only, features most of the well-known cryptocurrencies.

    After choosing one of the exchanges listed above, you will need to create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Polygon PolygonMATIC quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy MATIC with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for MATIC.

Frequently Asked Questions About Buying & Selling Polygon (MATIC)

How do I Buy MATIC with Crypto?

If you want to buy MATIC with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Gemini and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Gemini.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Polygon (MATIC)?

To sell MATIC, simply reverse the buying process described above. You will likely need to trade your PolygonMATIC into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Polygon Research Center

Polygon Technical Details & Statistics

Tokenomics
  • Market Rank17
  • Market Cap7,139,920,109
  • Circulating Supply6,424,735,804
  • Total Supply10,000,000,000 MATIC
  • Max Supply10,000,000,000
Yesterday's Trading
  • 24 HR Volume734,223,159 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is the Matic Network?

The Matic Network is a Layer 2 scaling solution that strives to tackle crypto scaling problems by utilizing side chains for off-chain computation. It does this while ensuring asset security via the Plasma framework, using a decentralized network of Proof-of-Stake (PoS) validators. The Matic Network has contributed to the Ethereum ecosystem by working on implementations of Plasma MVP (Minimum Viable Plasma), WalletConnect protocol, and Ethereum’s event notification engine, Dagger. Its native currency is known as MATIC.

History of the Matic Network

The MATIC IEO was one of the first and most successful IEOs hosted on the Binance Launchpad. It lasted for three days in the month of April 2019, during it managed to raise about $5,000,000 in token sales. Matic has partnered with several blockchain projects, including Decentraland, Quarkchain, and Maker DAO. In October 2019, the MATIC market cap value surpassed $35 million, placing it in the top 100 coins by market cap.

How Matic Network Works

The Matic Network interoperates exclusively with the Ethereum blockchain. Staking of the Matic token is performed in order to be eligible for participation in the Proof of Stake consensus mechanism of the network of side chains. The Matic token is also used to pay mining rewards to the POS stakers as well as transaction / gas fees. Each time a transaction happens, a small percentage of transaction fees are kept and reserved in-protocol to support the building of projects related to enhancing the Matic Ecosystem and will be disbursed using on-chain governance.

Why Matic?

The MATIC token has three primary use cases:

  • Participating in the Proof of Stake consensus. Matic side chains enforce consensus using a Proof of Stake (PoS) layer in which network participants stake Matic tokens in order to participate as validators.
  • Paying for transaction fees in the network. The transaction fees on Matic side chains are paid in MATIC tokens. The more users onboard to use the apps on Matic Network, the more the transaction volume and hence the transaction fees.
  • Dapp development. Having taken inspiration from Livepeer and its “protocol funding the ecosystem” model, Matic intends to enable a separate staking mechanism for supporting ecosystem projects. This will serve to create a fund out of the “block rewards” that can help support developers working on features and DApps needed by the network to get a part of block rewards. This mechanism is funded by reserving a percentage of the transaction fees in-protocol to support the projects building for enhancing the Matic Ecosystem.

Its key features include:

  • Scalability: Fast, low-cost and secure transactions on Matic side chains with finality achieved on main chain and Ethereum as the first compatible Layer 1 base chain.
  • High Throughput: Achieved up to 7,000 TPS on a single side chain on internal testnet; Multiple chains to be added for horizontal scaling.
  • User Experience: Smooth UX and developer abstraction from main chain to Matic chain; native mobile apps and SDK with WalletConnect support.
  • Security: Matic chain operators are themselves stakers in the PoS system.
  • Public Side chains: Matic side chains are public in nature (vs. individual dApp chains), permissionless and capable of supporting multiple protocols.