Matic token is a unit of payment for services in the Matic network. You may see some calling Matic coin, but that’s not so. Matic network is a second layer solution for Ethereum with side-chain systems that are used to improve the Ethereum blockchain scalability. Matic network security is assured using the Plasma framework and decentralized Proof of Stake (PoS) network.
Since the network uses PoS, Matic staking is available. You can stake Matic on CEX.IO just by holding your tokens on CEX.IO balance. You don’t need to take any extra steps to receive the staking rewards. That’s the simplicity and convenience of the CEX.IO Staking. We calculate your staking rewards every hour. And even if you place an order, those coins also earn for you. The rewards are distributed at the end of the staking period.
Trying to find the best cryptocurrency exchange for buying Matic, you need to make sure that it is available in your country and that it supports a lot of payment options you can choose from. For example, CEX.IO is a global crypto exchange and it gives you an opportunity to buy Matic with debit and credit cards, domestic (ACH, SEPA, Faster Payments) and international (SWIFT) bank transfers, and online wallets (Skrill, Epay).
With CEX.IO, you can also use a few services to buy Matic — Instant Buy and Trade. Instant Buy allows you to buy Matic and other cryptocurrencies instantly using your Visa or Mastercard payment card or CEX.IO balance. Just select the currency you want to buy with, enter the amount or use pre-calculated packs, and confirm the transaction. You’ll become an owner of Matic tokens in a few moments. Instant Buy service is available in the CEX.IO mobile app as well.
On the Trade page, there will be a big list of available markets where you can find BTC/EUR, Ethereum to USD, and, of course, Matic/USD. To start trading, you need to place an order. There are two options — market or limit order. If you want to buy Matic instantly for the best available price, then you should choose a market order. But if you want to set the Matic price you want to buy with, then limit order is your choice. Note that market order can’t be canceled due to instant execution, while limit order may not be executed until the price reaches the level you defined.
Also, don’t forget that you can trade Matic token to USD wherever you go with CEX.IO mobile app.
You can always check the current Matic price and its 24 hours change going to the Price page on the CEX.IO website. From this page, you can also go straightforward to the Matic chart on CEX.IO. This chart gives you information about price movement, trading volume, and other useful information about the market situation. The same chart you can find on the Trade page by selecting the appropriate market.
If you want to be always informed about Matic price, then you should consider using CEX.IO mobile app. In addition to the multiple trading tools, you can also find some unique features that are available only in the CEX.IO app — like Instant Sell that allows you to to sell your crypto and instantly withdraw your fiat funds to your debit or credit card.