Buy Polygon
$300
~ 0 BTC
$500
~ 0 BTC
$1,000
~ 0 BTC
Market Cap
$2.63B
Volume
$217.73
Daily Change
-$0.00
Daily Change
-0.10%
30d Change
6.36%
90d Change
45.58%
How to Buy Polygon with Bank Transfer on CEX.IO
CEX.IO enables eligible customers to buy Polygon (POL) with a bank transfer, providing a secure and reliable way to fund crypto purchases. Each registered and verified user also receives a free POL wallet, allowing them to buy, sell, store, convert, and trade Polygon seamlessly.
Below, we’ll explain how to complete your purchase, the benefits and drawbacks of bank transfers, and which alternative methods may suit your needs.
Step-by-Step Guide to Purchasing Polygon with the CEX.IO
Buying POL at CEX.IO is straightforward, whether you use our web-based client or the Crypto Mobile App.
Step 1: Create an Account and Verify Your Identity
Go to CEX.IO and click Register. Provide your email address, set a strong password, and confirm your registration. Afterward, log in and complete identity verification (KYC).
You’ll need to:
- Submit a government-issued ID (passport, driver’s license, or ID card).
- Complete facial verification (selfie or video check).
- Confirm your residential address and provide proof (such as a utility bill or bank statement).
This process secures your account and ensures compliance with global regulations.
Step 2: Access Wallet and Choose POL
After verification, log in and open your Wallet from the dashboard or under the Products menu. Scroll through the list of cryptocurrencies or type POL in the search bar. Once you find Polygon, click Add Funds.
Step 3: Select Bank Transfer as Your Payment Method
Enter the amount of fiat currency you want to spend. Then, under the Select Payment Method tab, choose Bank Transfer. Available methods include:
- SEPA (Europe)
- SWIFT (international)
- Faster Payments (UK)
Step 4: Complete Financial Requirements
Copy the provided CEX.IO bank details, open your online banking app, and paste the information. Double-check everything to ensure accuracy.
Step 5: Review & Confirm
Review the amount, payment details, and recipient information. Confirm the transfer in your banking app. Once processed, your funds will appear in your CEX.IO wallet and be ready for buying POL.
Pros and Cons of Buying Crypto with a Bank Transfer
Bank transfers are a reliable way to buy POL with a bank account. Here are some advantages and disadvantages:
Pros:
- Suitable for large transactions.
- Lower fees compared to card or mobile wallet payments.
- Secure and widely accepted worldwide.
- Available in multiple fiat currencies (USD, EUR, GBP).
- Direct transfers to your verified CEX.IO account.
Cons:
- Slower processing time than card or mobile wallet payments.
- Not available for U.S.-based customers.
What other Payment Methods Can I use to buy Polygon?
CEX.IO offers multiple alternatives to accommodate different user needs and preferences. Payment methods vary by region. For instance, US-based customers cannot access bank transfers but can use cards, Apple Pay, or Google Pay.
Buying POL with a Credit or Debit Card
This is the most popular way to purchase crypto. Unlike bank transfers, which go through the Wallet, card payments are made via Instant Buy:
- Log in to CEX.IO.
- Select Instant Buy.
- Choose POL.
- Enter the fiat amount.
- Pick Credit/Debit Card.
- Enter card details (number, expiration, CVV).
- Confirm your purchase.
POL will be instantly credited to your wallet.
Buy Polygon with Google Pay / Apple Pay
Mobile wallets offer fast, secure payments without exposing card details.
- Google Pay (Android) and Apple Pay (iOS) are available in the CEX.IO Mobile App. Simply log in, tap Buy, select POL, enter the fiat amount, and confirm the purchase using your mobile wallet.
- Apple Pay on the web client allows iOS users to pick Apple Pay at checkout, scan the QR code, and confirm in Apple Wallet.
Compared to bank transfers, these methods are faster but may come with slightly higher fees.
Buy Polygon with Cash
Through MoneyGram, CEX.IO customers can deposit cash and receive crypto:
- Log in to CEX.IO and open Instant Buy.
- Select POL and the amount you want.
- Choose MoneyGram.
- You’ll receive a unique user code.
- Visit a MoneyGram location, provide the code, and deposit cash.
- POL will appear in your CEX.IO wallet once processed.
FAQ
How long does it take to buy POL with a bank transfer?
Bank transfers are not instant. Processing times vary: SEPA and Faster Payments often complete within 24 hours, while SWIFT transfers can take several business days.
Can I withdraw POL directly to my bank account?
No, you cannot withdraw POL to a bank account. Instead, you can:
- Sell POL via Spot Trading or Margin Trading (up to 20x leverage) for fiat, and withdraw the fiat to your bank account.
- Use the Crypto Converter to instantly exchange POL for fiat and withdraw it.
Availability of withdrawal methods may vary by country.
How do I send Polygon after purchase?
You can transfer POL to an external wallet using the Withdraw function within your CEX.IO Wallet. Simply enter the destination wallet address, specify the amount, and confirm.
Alternatively, you can send POL instantly and with no fees to other CEX.IO users via CEX.IO Pay. Since this method requires no blockchain confirmation, it’s a quick and convenient way to move funds within the platform.
Is it safe to buy Polygon online?
Yes. Buying POL on CEX.IO is safe because the platform is regulated, licensed, and compliant with international standards. We use advanced security measures, such as two-factor authentication (2FA), address whitelisting, and fraud monitoring. Only trusted payment methods like bank transfers, cards, and mobile wallets are supported.
Where can I check the current POL price before I buy?
Visit our POL price page. Here, you can track 24-hour changes, analyze trends across multiple timeframes, and explore popular POL trading pairs.
What can you do with Polygon on CEX.IO?
On CEX.IO, you can:
- Buy, sell, and store POL in your wallet.
- Trade POL on Spot Trading, with available pairs:
- Trade POL on Margin Trading with up to 20x leverage, pairs:
- Participate in Crypto Staking to potentially receive crypto rewards by allocating part of your POL holdings. Alternatively, you can explore Savings for other supported assets (POL not yet supported).
- EEA users can spend POL with the CEX.IO Crypto Debit Card for in-store and online purchases.
- Send and receive POL via CEX.IO Pay with no fees.
- Convert POL into other cryptocurrencies or fiat instantly with the Crypto Converter.
What is Polygon Wallet, and how can I use it?
A Polygon wallet (POL wallet) is a digital tool that allows you to safely hold and manage your POL tokens. On CEX.IO, all verified customers automatically receive a wallet that comes at no extra cost.
This wallet isn’t just for storage; it gives you full access to CEX.IO services. You can:
- Add funds to buy Polygon directly.
- Swap POL for other crypto or fiat currencies using the Converter.
- Place trades on Spot or Margin markets.
- Move tokens to external wallets with the Withdraw function.
- Use the mobile app (iOS/Android) or web client to monitor balances and activity on the go.
In short, the CEX.IO POL wallet acts as your central hub for buying, selling, trading, and transferring Polygon, while also keeping your tokens protected within a regulated environment.