How To Buy Polygon (MATIC)

CEX.IO is a global ecosystem of crypto services where you can easily buy, sell, exchange, and trade 80+ cryptocurrencies. CEX.IO has multiple products, among which are margin trading platform, crypto loans service, staking and savings accounts, etc.

Our aim is to provide you simplified access to the benefits of the crypto economy, including services of DeFi projects, like Polygon. Namely, you can get MATIC tokens with your card by using our Instant buy service.

What is a Polygon blockchain and MATIC coin?

Polygon (formerly the Matic Network) is a platform for scaling Ethereum and developing the network infrastructure.

The Polygon project effectively converts Ethereum into a multichain system, so-called the Internet of Blockchains. As with other multichain systems, like Polkadot, Cosmos, Polygon also has the advantages of Ethereum like high transaction security, open-source nature, and high liquidity.

Proof-of-stake blockchain architecture is combined with the Plasma Framework in Polygon. Vitalik Buterin, the co-founder of Ethereum, created the Plasma framework to allow smart contracts to be executed in an automated and scalable way.

The project team states that Polygon can handle up to 65,000 transactions per second on a single side chain, with a block confirmation time of fewer than two seconds. The framework also facilitates the development of globally available decentralized financial applications.

History of Polygon

The project was originally called the Matic Network, and it was developed in India in 2017. Jayanti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic are the main contributors to the project.

A recent launch of the Matic Network revealed some of the top names in decentralized finance, such as MakerDAO and Decentraland, to join. In February 2021, Matic Network was rebranded to Polygon. For the moment of writing this article, the coin is included in the top-20 according to the market capitalization.

Where to use MATIC?

Being the native token of the Polygon, MATIC is mainly used for the operations within the network. Participants can use MATIC as the unit of payment and settlement.

In order to support Polygon, you can participate in Staking at CEX.IO. This is a service allowing you to get rewards for keeping coins at your CEX.IO balance. It’s quite easy and comfortable to use since we do not lock your funds for the staking period.

It’s also possible to trade the Proof of Stake coins. CEX.IO will calculate your reward as long as the coins are on your account, regardless of whether you have placed an order. As soon as your order is fulfilled, the stacked coins will change, and the rewards will also change.

How to buy Polygon with a credit card?

CEX.IO Bitcoin exchange is a regulated crypto platform with legal permission to process card payments. We have a level 1 PCI DSS certificate that guarantees the bank class security for your operations.

Let’s discover how to buy Polygon coin (MATIC) with a card on CEX.IO.

In order to buy virtual currency with a card, you should link it to your account. To do this, just fill in the necessary information about the card — the number and expiry date.

What is more, it’s possible to buy Polygon (MATIC) via the mobile app. Just scan your card to link it and you are good to go.

Once the card is linked, you can use it for buying and selling Polygon(MATIC) or other digital currency, replenish your balance immediately, and withdraw your funds in 2 clicks.

How to buy Polygon with a debit card at CEX.IO?

CEX.IO works with both debit and credit cards issued in Visa or Mastercard systems. Thus, you can link your debit card to your account and use it for buying crypto. For example, you can buy Bitcoin (BTC), Polygon (MATIC), Cardano (ADA), buy Ethereum (ETH), and other digital currencies.

How to buy MATIC with a card?

Here is a step-by-step guide on how to buy Polygon cryptocurrency with a card:

• Go to the Buy/Sell page on CEX.IO;
• From the dropdown menu, choose Polygon (MATIC) and the fiat to buy it for;
• Select the amount of money you are ready to spend and click Buy. You will see the receipt;
• Then choose your linked card as a payment method or add the new one;
• Once the order is confirmed, MATIC will appear on your account.

As soon as MATIC is on your balance, it will take part in staking earning you a crypto reward.

Where to buy Matic coin?

If you want to buy MATIC coins, try the CEX.IO Instant buy option. It’s available either on the desktop version or via a mobile app.

How to buy MATIC via the mobile app?

To buy MATIC via CEX.IO mobile app, you can use one of the following services.

Instant buy

Go to the Buy/sell tab in the app and choose one of the fill-or-kill orders or write your own sum. Proceed by selecting the payment method and get your crypto in a few minutes.

Exchange

Choose the Exchange tab and select any currency from your balance you want to convert into MATIC. Choose how much to exchange (25, 50, 75%, or full balance) and push Exchange now.

Trade

One more way to get MATIC to your balance is to trade it (for example, MATIC to USD pair). Go to the Trade Pro tab, where you can see live cryptocurrency prices (like BTC to USD) and set the Market or Limit order.

FAQ

How to buy MATIC with a card?

Register at CEX.IO exchange and link your card in 2 simple steps. Via Instant buy, you can purchase MATIC and over 80 other currencies with minimum effort.

How to buy MATIC with a bank transfer?

To buy MATIC with a bank transfer, you need to top up your balance using this option. Then you can buy crypto instantly via desktop version or mobile app.

Is it safe to buy MATIC on CEX.IO?

CEX.IO is a secure crypto exchange that benefits all the necessary certificates proving its reliability. You can check our licenses and certificates here.

How to earn with MATIC staking?

To stake MATIC, just buy or deposit MATIC at your CEX.IO account. Once coins are on your account, you start earning.

How to sell Matic?

You can sell Bitcoin, MATIC, or another crypto via a mobile application. Just go to the Buy/Sell tab, choose to sell, and enter the amount. The proceeds you can send to your payment card.