A Comprehensive Guide on How to Buy MATIC

Polygon, a rising star in the cryptocurrency world, has experienced remarkable growth since its inception. Its cutting-edge technology and scalability solutions make it an attractive option for investors. In this guide, we’ll show you simple, fast, and secure ways to buy and store Polygon (MATIC). To keep things short, we believe Coinbase is the best option to buy Polygon. Why Coinbase?

The following table explains why Coinbase is the best choice for buying Polygon.

Coinbase is a regulated cryptocurrency custodian with licenses worldwide, ensuring it adheres to strict security standards and is monitored by financial authorities. The platform’s reputation for safety is further validated by institutions like BlackRock, the world’s largest asset manager, which trusts Coinbase with the custody of Bitcoin for its Bitcoin ETFs. This reflects the high level of security Coinbase offers.

While you have the option to use external wallets, Coinbase provides a secure and reliable environment for storing your Polygon (MATIC). Unlike other platforms that may delay withdrawals, Coinbase ensures immediate processing, allowing you quick access to your funds.

Another advantage is the platform’s cost-effectiveness. With a competitive fee structure of 0.15%, Coinbase stands out as one of the most affordable options, especially compared to other services like Bison, which charges up to 1.5% for Polygon transactions.

Security is a top priority for Coinbase, which incorporates features like two-factor authentication to add an extra layer of protection to your account. They also offer responsive customer support, typically replying within 24 hours—something we can personally vouch for, given their efficiency and helpfulness.

Coinbase’s interface is designed for ease of use, making it ideal for both beginners and experienced traders. With dedicated apps for Android and iOS, you can easily manage your MATIC portfolio and execute transactions from anywhere.

Coinbase is one of the most popular and user-friendly platforms to buy Polygon (MATIC). Here’s how you can buy MATIC easily, securely, and quickly on Coinbase.

Step 1: Sign Up for Coinbase

To begin purchasing Polygon (MATIC), you’ll need to create an account on Coinbase. Visit Coinbase.com and click “Get Started.” You’ll be asked to provide your name, email, and a password. Once this is completed, click “Create Account” to get started.

Step 2: Verify Your Identity

Step 3: Add a Payment Method

To purchase Polygon (MATIC), you’ll need to link a payment method. Coinbase offers several options to make your purchase easy:

• Bank Account: Linking your bank account is a great choice for lower fees and higher transaction limits.
• Credit or Debit Card: This option is ideal for quicker purchases, but the fees may be higher compared to bank transfers.
• PayPal: In some countries, Coinbase also supports PayPal for deposits and withdrawals.

Step 4: Buy Polygon (MATIC)

Once your account is set up and your payment method is linked, you’re ready to buy Polygon (MATIC)!

1. Go to the Coinbase dashboard and select the “Buy/Sell” section.
2. Choose Polygon (MATIC) from the list of available cryptocurrencies.
3. Enter the amount of MATIC you wish to purchase, either in your local currency (e.g., USD, EUR) or MATIC.
4. Select your preferred payment method (e.g., bank account, credit card).
5. Review the transaction details, including any applicable fees, and click “Buy Now” to finalize your purchase.

Step 5: Store Your Bitcoin Securely

After purchasing Polygon (MATIC), it will be stored in your Coinbase wallet. For enhanced security, it’s recommended to transfer your MATIC to a personal wallet, such as a hardware wallet from Ledger or Trezor. Keeping your funds in an offline, personal wallet adds an extra layer of protection, as Coinbase is an online exchange and while secure, is still vulnerable to potential hacks.

Benefits of Buying Polygon (MATIC) on Coinbase:

• User-Friendly Interface: Coinbase is renowned for its easy-to-use design, making it accessible for both beginners and experienced traders alike.
• High Security: Coinbase employs top-tier security features, including two-factor authentication (2FA) and insurance for funds stored in the Coinbase Vault, ensuring your MATIC is safe.
• Wide Payment Options: Coinbase supports a variety of payment methods, such as bank transfers, credit cards, and PayPal, making it convenient for users worldwide to purchase MATIC.

Binance is one of the largest and most widely used cryptocurrency exchanges globally, offering a secure and user-friendly platform. Until recently (May 2019), it was not possible to directly buy Polygon (MATIC) with Euros (EUR) or US Dollars (USD) on Binance. However, this has now changed, and you can easily purchase MATIC with a credit card or trade it using other cryptocurrencies. In this guide, we’ll show you both options!

Step 1: Register on Binance

Like many other exchanges, Binance gives you the option to verify your identity. While verification is not required, completing this process will increase your daily withdrawal limit to 100 MATIC. Without verification, the daily limit is 2 MATIC, but you can still access all other features on the platform.

Step 2: Buy Polygon (MATIC) with a Credit Card

To buy Polygon (MATIC) via credit card on Binance, follow these steps:

1. Navigate to the Credit Card Section: In the top menu, click on “Buy Crypto” and then select “Buy with Credit Card.”
2. Select Your Payment Currency: Choose Polygon (MATIC) as your cryptocurrency and select your payment currency (Euro or USD).
3. Enter Your Personal Information: Fill in your details in the provided fields.
4. Verify Email and Phone Number: You will need to verify your email and phone number using a code.
5. Proceed to Payment: After verification, click “Next” to enter your payment information.
6. Upload ID for Verification: To complete the process, upload the front and back of your passport or ID card to verify your identity.

Important Notes Before and After Your Purchase:

• Price Fluctuation: The amount of Polygon (MATIC) shown is based on the current price, which may fluctuate. If the rate changes by more than ±2.5%, you will be asked to reconfirm the transaction via email from Simplex, Binance’s third-party provider.
• Transaction Fees: Simplex charges a fee of 3.5% per transaction or USD 10, whichever is higher.
• Transaction Limits: The daily limit for purchases is USD 20,000 per user, and the monthly limit is USD 50,000. The minimum transaction amount is USD 50.
• Track Payment Status: After completing your purchase, you can track your payment status and deposit history via Simplex.

Step 3: How to Trade Polygon (MATIC) on Binance

If you already own other cryptocurrencies such as Ethereum (ETH), Binance Coin (BNB), or Tether (USDT), you can deposit them into your Binance account and trade them for Polygon (MATIC). Here’s how to exchange Ethereum (ETH) for MATIC:

1. Deposit Ethereum (ETH): If you already have Ethereum (ETH) in another wallet or exchange, you can transfer it directly to your Binance Ethereum wallet. If not, you can purchase Ethereum on platforms like Litebit and provide your Binance Ethereum wallet address to transfer it directly.
2. Access the Deposit Section: After logging into your account, go to “Funds” in the navigation bar and select “Deposit.”
3. Find Your Ethereum Wallet Address: Type “ETH” in the search bar and select “Ethereum.” You’ll see your unique Ethereum wallet address, which you can use to transfer your ETH.
4. Exchange Ethereum for Polygon: Once your Ethereum is in your Binance account, go to the “Markets” tab, select “ETH/MATIC,” and place your order to exchange ETH for Polygon (MATIC).

Additional Trading Tips

• Leverage Trading: Binance offers margin trading with leverage for more advanced users. This allows you to increase your potential profits, but it also carries higher risks. Be sure to fully understand the risks of leverage before using it.
• Security: Make sure to enable two-factor authentication (2FA) to secure your account. Binance also offers cold storage for crypto assets and insurance coverage for major losses.

Kraken is a highly regulated cryptocurrency custodian with licenses across various global jurisdictions, ensuring compliance with strict security standards. This oversight by financial authorities ensures the protection of your assets. Kraken is trusted by institutional investors and major financial entities for the custody of cryptocurrencies, which speaks to the platform’s robust security measures.

Kraken gives you the option to use external wallets but also offers a highly secure environment for storing your Polygon (MATIC). Unlike some platforms, Kraken processes withdrawals quickly, ensuring you can access your funds without delay.

In terms of cost-effectiveness, Kraken’s fees are highly competitive. Its tiered fee structure allows for as low as 0.16% for makers and 0.26% for takers, making it more affordable than many other exchanges.

User security is a top priority for Kraken, with features such as two-factor authentication (2FA) and advanced encryption to safeguard your account. The platform also provides excellent customer support, with fast response times to assist you whenever needed.

Designed to be user-friendly, Kraken caters to both beginner and experienced traders. Its easy-to-navigate interface is complemented by mobile apps for both Android and iOS, enabling you to manage your MATIC portfolio and execute trades conveniently from anywhere.

Kraken is one of the most trusted and secure platforms to buy Polygon (MATIC). Here’s how you can buy MATIC securely and efficiently on Kraken.

Step 1: Sign Up for Kraken

To get started with buying Polygon (MATIC), you’ll need to create an account on Kraken’s platform. Simply visit Kraken.com and click on “Create Account.” You will be asked to provide your name, email, and create a secure password. Once you’ve filled out the information, click “Create Account” to complete the sign-up process.

Step 2: Verify Your Identity

Kraken requires identity verification to comply with financial regulations. You will need to upload a government-issued ID and provide personal information, including your address and date of birth. This verification process helps ensure your security and may take a few minutes to complete.

Step 3: Add a Payment Method

To purchase Polygon (MATIC), you’ll need to link a payment method. Kraken supports a variety of payment options, including:

• Bank Account: For lower fees and higher transaction limits, linking a bank account is a great option.
• Credit or Debit Card: A faster way to purchase MATIC, although fees tend to be slightly higher compared to bank transfers.
• Wire Transfers: For larger purchases, Kraken also supports wire transfers in several countries.

Step 4: Buy Polygon

Once your account is set up and a payment method is linked, you’re ready to buy Polygon!

• Navigate the Kraken dashboard, go to the “Buy Crypto” section.
• Select Polygon (MATIC) from the list of cryptocurrencies.
• Enter the amount of Polygon (MATIC) you’d like to purchase, either in your local currency (e.g., USD, EUR) or in MATIC.
• Choose your payment method (e.g., bank account, debit card).
• Review the transaction details, including any fees, and click “Buy Now” to finalize your purchase.

Step 5: Store Your Polygon (MATIC) Securely

After purchasing Polygon (MATIC), it will be stored in your Kraken wallet. For enhanced security, it’s recommended to transfer your Polygon (MATIC) to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on Kraken, an online exchange.

Benefits of Buying Polygon (MATIC) on Kraken:

• User-Friendly Interface: Kraken is known for its clear and easy-to-navigate design, making it simple for beginners to use.
• High Security: Kraken employs top-tier security measures such as two-factor authentication (2FA) and provides insurance for funds held in its vault.
• Competitive Fees: Kraken offers low, competitive fees, making it an attractive option for both small and large transactions.
• Multiple Payment Options: Kraken supports various payment methods, including bank transfers, credit cards, and wire transfers, to cater to different user needs.

About Kriptomat

In contrast to the established broker eToro, Kriptomat is a comparatively young crypto exchange, but no less trustworthy. On Kriptomat, you can buy over 30 cryptocurrencies directly via Euro, USD, etc., and also send them directly to an external wallet. It is important to know that trading is currently restricted to Europe, so investors from regions like the USA are not allowed to use the platform.

The focus is on an easy-to-use and modern user interface that allows anyone to buy and trade cryptocurrencies. Therefore, Kriptomat is our top recommendation, especially for beginners! As far as seriousness is concerned, Kriptomat can convince with two licenses from the Estonian government.

Furthermore, there is another unbeatable advantage of Kriptomat: the fees. In contrast to other exchanges and brokers, Kriptomat does not charge a price premium. Your purchase price corresponds to the spot price of Polygon (MATIC). Kriptomat only charges a nominal fee for each transaction. The calculated fees are always displayed transparently during the creation of the buy order. The deposit fees look like the following:

Set up a Polygon (MATIC) account on Kriptomat

First of all, you should know that Kriptomat adheres very closely to the legal requirements of the European Union and therefore requires a complete verification of your identity. In order to buy Polygon (MATIC) on Kriptomat, you first need to create an account. To do so, go to the official website kriptomat.io and click on the orange “Register” button. This will open a pop-up window where you have to enter your first and last name, an email address, and a password for the exchange.

Kriptomat will then send you an email with a confirmation link. By clicking on the link, you verify your account. As soon as you have done this, you can log in to your Kriptomat account with the access data you have just entered. However, at this point, you are not yet finished with the registration.

Before you can buy Polygon (MATIC) and use further features of the exchange, you must enter and verify your phone number. Kriptomat will send you an SMS containing a verification code that you have to enter on the website. However, the registration process is not yet complete. Due to the strict EU guidelines, you still have to reveal your full identity. To start the process, simply click on the corresponding prompt (see screenshot).

A new pop-up will then open in which you must first enter your address (street, house number, city, country). You will also need to upload a photo or scan of your passport or ID card. Kriptomat provides an elegant and fast solution for this. You can easily continue the registration process on your smartphone. Just click on the link and Kriptomat will send you an SMS with a link to continue the process.

You can then take a photo of your ID (front and back) with your smartphone and upload it immediately. The same applies to the final step. To verify your identity, Kriptomat would like a selfie from you. You can allow Kriptomat to access your camera from your smartphone and take a selfie directly.

If you want to buy cryptocurrencies via SEPA bank transfer, it is also necessary to add a bank account to your Kriptomat account in the last step. You can then deposit money via SEPA and use your “credit” to buy Polygon (MATIC) and other cryptocurrencies. If you use Neteller, Skrill, or your credit card, this is not necessary. Once you have completed the registration process described above, the following purchase limits are available to you. There is no distinction between different verification levels, as on other crypto exchanges, because you have already completed the full verification.

Buy Polygon (MATIC) on Kriptomat

Buying Polygon (MATIC) on Kriptomat is very simple and intuitive. First, go to the tab “Buy/Sell” (step 1) and then select the tab “Buy” (step 2). In the now visible area below, you can select Polygon (MATIC) to buy it.

You can then choose from four different payment methods (step 3). While you need to add a bank account to your Kriptomat account to make a deposit via “EUR”, i.e. SEPA bank transfer, the other three options (credit card, Neteller, Skrill) allow you to purchase immediately without having to enter any further data.

In the fourth step (see screenshot), you only have to enter your purchase amount for Polygon (MATIC). After you click on “Buy Polygon”, you will see the transaction fees for the order. To finalize the purchase, you must click “Confirm transaction”.

Kriptomat will then confirm the purchase and redirect you to your “My Wallet” section. Within a few seconds, your purchased amount of Polygon (MATIC) will be displayed here. A good summary of the purchase process is also provided in the following video tutorial:

Anycoin is a popular cryptocurrency exchange platform that offers a simple and secure way to buy and sell Polygon (MATIC) and other cryptocurrencies. It caters to both beginners and more experienced traders, providing an intuitive interface and a variety of features designed to make crypto trading easier and more secure.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin offers a straightforward and clean platform, making it easy for new users to start trading and for more experienced traders to access advanced features.
2. Wide Selection of Cryptocurrencies: Anycoin supports a range of cryptocurrencies including Polygon (MATIC), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more, allowing you to diversify your portfolio easily.
3. High Security Standards: Security is a priority for Anycoin, with features like two-factor authentication (2FA) and SSL encryption to protect user accounts and transactions. This ensures your crypto holdings are safe from external threats.
4. Low Fees: Anycoin aims to provide competitive fees for trading and transactions, making it an attractive option for those looking to minimize costs while trading digital assets.
5. Multiple Payment Methods: Users can purchase cryptocurrencies using various payment methods, including bank transfers, credit cards, and sometimes even PayPal, depending on their location.
6. Fast Transactions: Anycoin processes transactions quickly, allowing users to purchase cryptocurrencies without long delays. This quick access to funds is a major benefit for those who need to act fast in the market.
7. Support for Wallets: While Anycoin provides its own wallet to store your crypto assets, it’s also recommended to use your own personal wallet for added security. This can include hardware wallets or other types of secure storage.
8. Dedicated Customer Support: Anycoin offers customer support, providing assistance with any issues or inquiries that might arise during your experience on the platform.
9. Mobile Apps: Anycoin has apps available for both Android and iOS devices, making it easy to manage your portfolio and execute trades on the go.

How to Buy Bitcoin on Anycoin:

1. 1. Create an Account: Start by visiting the Anycoin website and clicking on “Sign Up.” Enter your name, email address, and create a password. Afterward, you’ll receive a verification email to confirm your account.
   2. Verify Your Identity: Anycoin will ask you to complete a verification process to comply with regulatory requirements. This may involve submitting a government-issued ID and some personal information.
   3. Link a Payment Method: To buy Polygon (MATIC), link a payment method to your account. Anycoin supports various payment options like bank transfers, credit cards, and PayPal.
   4. Make Your Purchase: Once your account is verified and your payment method is linked, go to the “Buy” section, select Polygon (MATIC), and enter the amount you wish to purchase. Review the transaction details and fees, then complete your purchase.
   5. Store Your Polygon (MATIC) Securely: After buying Polygon (MATIC), it will be stored in your Anycoin wallet. However, for extra security, it’s recommended to transfer your crypto to a personal wallet (e.g., a hardware wallet) for safe storage.

   Benefits of Using Anycoin:

   • Simple and Easy to Use: With its user-friendly interface, Anycoin makes cryptocurrency trading accessible to everyone, including beginners.
   • Secure Platform: Advanced security measures, including 2FA and SSL encryption, help ensure your funds are safe.
   • Variety of Cryptocurrencies: You can easily buy Polygon (MATIC) and other major cryptocurrencies on Anycoin.
   • Competitive Fees: Anycoin offers low transaction fees, making it a cost-effective platform for crypto trading.
   • Quick Transactions: The platform processes transactions quickly, providing fast access to your purchased assets.

Bybit is a popular cryptocurrency exchange platform that specializes in trading digital assets such as Polygon (MATIC), Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Known for its advanced features and high liquidity, Bybit is primarily used by more experienced traders, especially those interested in leverage trading and derivatives.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit offers a range of professional trading tools including spot trading, margin trading, and derivatives trading (futures contracts). The platform also provides advanced charting features and technical analysis tools to help users make informed decisions.
2. High Liquidity: Bybit is known for its high liquidity, which is particularly beneficial for traders who need to execute large trades without significant slippage. This makes it a reliable platform for both day traders and those looking for long-term positions.
3. Leverage Trading: One of Bybit’s standout features is its leverage trading options. Users can trade with leverage, enabling them to amplify their positions and increase potential profits. However, this also comes with higher risks, and it’s important to use leverage cautiously.
4. User-Friendly Interface: Despite offering advanced trading options, Bybit maintains an intuitive and user-friendly interface, making it accessible for both beginner and experienced traders. The platform’s clean design helps users navigate the various trading tools easily.
5. Security Features: Bybit places a strong emphasis on security with features such as two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover any potential losses during extreme market conditions. These measures help ensure the safety of user funds.
6. Mobile App: Bybit offers mobile apps for both Android and iOS, allowing users to trade and manage their crypto assets on the go. The mobile apps have many of the same features as the desktop platform, providing flexibility for traders who need to stay connected to the markets at all times.
7. Fast Transactions: Bybit offers quick and seamless transactions, with order execution speeds often cited as one of the fastest in the industry. This ensures that trades are executed without delay, which is crucial in volatile markets.
8. Referral Program: Bybit has a referral program that allows users to earn rewards by inviting others to join the platform. This is a great way for traders to earn additional income while growing the community.
9. Customer Support: Bybit provides 24/7 customer support to help users with any issues or questions. The platform offers support through live chat, email, and other communication channels, ensuring that help is readily available.

How to Buy Bitcoin on Bybit:

1. 1. 1. 1. Create an Account: Start by visiting the Bybit website and clicking “Sign Up.” You’ll need to provide your email address and create a secure password. After registering, you will receive a verification email to activate your account.
         2. Verify Your Identity: To comply with regulatory standards, Bybit may ask you to complete a KYC (Know Your Customer) verification process. This can involve uploading a government-issued ID and some personal information to verify your identity.
         3. Deposit Funds: Once your account is set up, you need to fund your account. Bybit supports deposits in several cryptocurrencies, including Polygon (MATIC), Bitcoin, Ethereum, and USDT (Tether). You can deposit these digital assets directly into your Bybit wallet. 4. Buy Bitcoin: To buy Bitcoin on Bybit:
            • Navigate to the “Spot” trading section on the platform.
            • Select Bitcoin (BTC) as the cryptocurrency you wish to purchase.
            • Choose your trading pair (e.g., BTC/USDT).
            • Enter the amount you want to buy and review the transaction details.
            • Confirm the purchase to complete the transaction.

      

5. Store Your Bitcoin: After purchasing Bitcoin, you can store it in your Bybit wallet. However, for added security, it’s recommended to transfer your Bitcoin to a private wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on the exchange

Benefits of Using Bybit:

• • • • • Advanced Trading Options: Bybit is ideal for traders looking for advanced features like margin trading and leverage, along with access to a wide range of crypto assets.
        • Fast Execution and High Liquidity: The platform provides fast order execution and deep liquidity, which is crucial for active traders in fast-moving markets.
        • Security: Bybit prioritizes user security with features like two-factor authentication (2FA), cold storage, and an insurance fund.
        • Mobile Trading: Bybit’s mobile apps allow users to trade and monitor their portfolios from anywhere.
        • Competitive Fees: Bybit offers competitive trading fees, making it an attractive option for traders looking to minimize costs.
        • 24/7 Support: Bybit provides round-the-clock customer support to help resolve any issues or concerns quickly.

Best Polygon wallet: Electrum

When using a desktop wallet, we have had very good experiences with the Polygon Electrum Wallet. We will show you briefly how to download and use it. First, you have to go to the official site and download the wallet (click!). If you click on the link, you will be taken to the website where you can download the wallet. Scroll down a bit and then click on the button “Download Electrum“.

Now you will land on a page where you have to choose the appropriate wallet for your operating system. If you are using Windows, you will need to download the Wallet version for Windows. For example, if you are a Windows user, click on “Windows Installer” (see picture: red arrow). If you want the app for Android, you need to select this installer accordingly:

When the file is downloaded, click on the setup file. Select a directory where the wallet should be installed and click on “Install”. The installation should not take longer than 2 minutes. When the installation is complete, click “Close”.

Congratulations: the wallet is installed. Now you start the Polygon Electrum Wallet by double-clicking the Electrum icon on the desktop. First, the software will ask you how you want to connect to a server. As a beginner, we recomme

The Electrum software will then detect that you have not yet created a wallet. At this point, you simply have to click “Continue” and can give the wallet another name if necessary. Then you have the possibility to set up different types of wallets. If you feel that setting up the wallet till now is difficult, we recommend that you choose the “Standard wallet” at this point as a beginner. The wallet in the standard version is completely free of charge and works very well.

Otherwise, it is safer to create a “Wallet with two-factor authentication“. You’ll need a smartphone and the Google Authenticator app, which you can find on the App Store and Google Playstore. If you want to use the wallet with two-factor authentication, it also costs some money. You must decide for yourself whether you want to invest that money or not. We recommend you to do it because it increases the safety of your wallet significantly.

If you have now clicked on “Next”, a new seed must be generated. The seed also depends on the address format. We recommend the “Segwit” setting, as this is the most common address form compared to the old format. Then you’ll see your seed. This is a set of 12 words, which is your key to the wallet if you lose your password or your computer breaks down. Therefore, it is extremely important that you write down the seed somewhere safe, preferably on a piece of paper, which you keep safe.

In the next step, you will be asked to enter the seed again. If you have done this successfully, Electrum will ask you to create a password. The longer, the better. Also, remember to use numbers and special characters. You will use this password every time you open the wallet, so also keep the password safe.

Now you are ready for the actual user interface of the Electrum Wallet. The “Receiving Address” you had to enter at Litebit can be found in the upper right corner under the column “Receive“. You have to copy this address and enter it at Litebit, or another cryptocurrency exchange, as “Receiving Address”. Once you have entered the receiving address of the Electrum Wallet, all you have to do is select a payment method for Litebit and then click “buy”. Generally, the transaction should be credited to your wallet within 24 hours.

If you have any questions, feel free to write us a comment, we will be happy to help you!

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