Buy Matic
in Australia

MATIC coins can be used as a payment, especially in games or purchasing NFTs. Furthermore, MATIC coin owners can stake matic tokens to vote for an upgrade to the network.

According to the crypto asset transactions guide by the Australian Government, Capital Gains Tax should be considered when you dispose of your crypto asset. If you make a capital gain after a disposal, you may pay tax on it. A transaction involving a disposal takes place when you do any of the following: sell a crypto asset, gift a crypto asset, trade, exchange or swap a crypto asset for another crypto asset, convert a crypto asset to Australian or foreign currency (otherwise known as fiat currency), and buy goods or services with a crypto asset.

According to the crypto asset record keeping guide by the Australian Government, you must keep records of each of your crypto assets and every transaction, to work out whether you have made a capital gain or loss. For your crypto assets, you should keep: receipts when you buy, transfer or dispose of crypto assets, a record of the date of each transaction, a record of what the transaction is for and who the other party is (this can just be their crypto asset address), exchange records, a record of the value of the crypto asset in Australian dollars at the time of each transaction, records of agent, accountant and legal costs, digital wallet records and keys, a record of software costs that relate to managing your tax affairs.

Many experts and crypto investors are optimistic about the future of MATIC. Although nothing will be 100% guaranteed., it is believed that MATIC can be a good long-term investment.

It is estimated that 0.9 million people, 3.4% of the total Australian population, currently own at least one form of cryptocurrency.

New protocols were added to the Polygon network, and more users started buying it. High-speed transactions and low transaction fees are other reasons why Polygon became popular among investors.