Skip links

How To Buy Polygon MATIC and Everything You Need To Know

how to buy polygon crypto

Fund your account by buying or transferring crypto for the first time on Nexo. Move your assets to any of the 1, 3, or 12-month Fixed Terms before June 30 to get up to 10,000 USDC. By making a successful purchase of crypto, your card details are automatically saved so you can select that card for future transactions.

how to buy polygon crypto

74% of retail investor accounts lose money when trading CFDs with this provider…. If you lose access to your wallet, you’ll lose access to your funds. Your wallet should give you instructions on protecting against this. Be sure to follow them carefully – in most cases, no one can help you if you lose access to your wallet.

Polygon Lightpaper

Traders are frequently led by emotions rather than logic or serious calculations. Beginner traders are influenced by the buzz and put 30–40% of their deposit into a single transaction, resulting in significant losses if it fails. These networks comprise the primary Polygon blockchain, the Polygon zkEVM network, and multiple supernets, application-specific blockchains operating on the main Polygon network.

After the rebranding, Polygon kept its MATIC cryptocurrency, the digital coin that powers the network. MATIC is utilized as a payment and settlement unit amongst network participants. Based in Seychelles, MEXC distinguishes itself as one of the fastest exchanges, capable of executing 1.4 million transactions per second.

KuCoin claims to offer the highest level of security and a massive cryptocurrency selection. Despite its considerable features, it is a user-friendly exchange with a basic layout. Furthermore, the exchange boasts some of the lowest costs in the Bitcoin industry. KuCoin claims that one of every four cryptocurrency holders uses its service globally.

Anyone transacting digital assets for another must report such information to the IRS on a 1099 or similar form. However, it is worth noting that when coupled with leveraged trading, the increased volatility of cryptocurrency might result in exaggerated gains and losses. Instead, use stringent risk management measures and stop and limit orders. We recommend using Binance or CryptoRocket to trade cryptocurrencies with leverage. More cryptocurrencies, including MATIC, are supported by Binance.

Instead, always conduct market research and invest in several cryptocurrencies. Digital Coin Price – It is estimated that Polygon’s value and growth will be astronomical because it is so powerful and has tremendous potential. According to the current market situation, the price could be a maximum of $3.88 by 2025 and the minimum price down to $3.55. Moreover, a proposal has been put forward by a collective of Polygon founders and researchers to enhance the network by replacing the MATIC token with POL. This upgrade would enable POL to be a unified token across all networks built on Polygon. Delegators stake their MATIC indirectly through a trusted validator.

how to buy polygon crypto

Users can execute transactions using the Binance app, the Binance website, or the Binance desktop app. However, to proceed with trading, you should be sure that you are working with the right asset. As far as the name goes, your aim should be to trade MATIC and not anything that is named “polygon coin”. On Binance, you can purchase MATIC via P2P channels or a standard trading interface. Always DYOR rather than relying solely on a single prediction, and only even invest if you believe in the value and longevity of a project. Basic versions support staking and MATIC transfers, while more advanced wallets offer additional features, including smart contract deployment.

Gemini is a simple and secure* way to buy crypto.

For instance, it might be a stock, an index, a cryptocurrency, or any other investment in the broker’s portfolio. Loss is an unavoidable element of trading; you have to accept it. The profit/loss ratio is the most crucial factor to consider and should ideally be 3 to 1, or at least 2 to 1. When you open a trade, ensure the overall risk for all orders is less than 25%. This ensures that you will retain at least 75% of your deposit even if your transactions are unprofitable.

Currently, Marc Boiron is in charge of Polygon Labs, the company handling the Polygon ecosystem. He took over when the former President, Ryan Wyatt, stepped down. If you buy MATIC, you can still consider using it to generate additional passive income, all while you wait for the token to surge. A good way to do that is via MATIC staking or to rely on the top yield farms for Polygon like Aave, SushiSwap, and more to generate generous APYs.

  1. Now that we have looked at the technical elements of Polygon, let us understand how it competes against other layer-2 blockchain solutions.
  2. This layer-2 blockchain also supports unmodified EVM-compatible contracts.
  3. The current Polygon price is €1.07 as in the last 24 hours its value has risen by 3.95%.
  4. We also recommend the derivatives broker, which has a MATIC/USD trading pair.
  5. Polygon creates a multi-chain ecosystem, known as a sidechain ecosystem, and also uses the plasma framework, processing Ethereum-centric transactions on the sidechains.
  6. By making a successful purchase of crypto, your card details are automatically saved so you can select that card for future transactions.

Based on price analysis, Polygon is currently on bullish momentum with a 25% rally in the weekly chart. Coinbase Pro – Coinbase Pro appears to be designed specifically for professional traders, yet anyone with a Coinbase account can access and utilize the pro version. In addition, it provides a variety of trade types, such as limits and stop orders, which are not available on the main Coinbase platform. Coinbase is a decentralized organization with no central offices. Coinbase has users in over 100 nations, and clients trade about $327 billion per quarter.

Polygon zkEVM Mainnet Beta Status

So, always make reasonable investments and don’t risk the capital if you can’t afford to lose it. With partnerships, alliances, and community investment, the market expects MATIC to perform, reaching an average price of $3.10, which is pretty optimistic but undoubtedly achievable. The maximum and minimum price for the MATIC is expected to be $3.16 and $2.63, according to the Digital Coin Price.

Now that we have looked at the technical elements of Polygon, let us understand how it competes against other layer-2 blockchain solutions. Next, you’ll be prompted to enter the amount you’d like to purchase. As predicting the market is proving to be a hard task, questions such as “When is the right time to buy Polygon?

The Internal Revenue Service (IRS) has also attempted to establish a cryptocurrency taxing framework. Currently, the agency treats digital assets as real estate, putting them in the capital gains tax category. Furthermore, there are some instances where virtual currencies are recognized as income, resulting in the imposition of income tax by the taxation authority. Polygon is an exciting cryptocurrency project with innovative solutions that address the scalability of the blockchain network. Its native token – MATIC, entered the market in 2019 and has survived multiple market crashes. Over the first two years, MATIC was traded below $0.02, but it gained popularity soon and reached new heights in 2021.

The revenue is expected to be around +22.34% with a 5-year investment. It was accused by the­ United States Securitie­s and Exchange Commission of operating as an unregiste­red security, which raised re­gulatory concerns. As with any asset, the values of digital currencies may fluctuate significantly…. Like its geometric namesake, Polygon has numerous sizes, shapes, and applications, and it promises a more straightforward structure for developing interconnected networks.

Traders can also utilize the Binance platform to check their order book and price charts and access their portfolios and transaction history. Binance also offers a variety of order types, including stop orders, limit orders, stop-limit orders, stop-market orders, and trailing stop orders. You can also select from various trading perspectives, from classic to margin and OTC. Whether you should buy Polygon in 2023 depends on what you plan to do with the crypto. If you want to buy polygon anonymously, MATIC is also available to buy and sell on a number of decentralized exchanges, including Uniswap, PancakeSwap, and Curve. Choose the right MATIC pair and ensure you check liquidity before you proceed with your purchase.

Leave a comment

🍪 This website uses cookies to improve your web experience.