How to Buy Matic (Matic)
Make your investments work for you: Buy and sell Matic and 40+ cryptocurrencies instantly.
How to buy Matic
Just 3 easy steps to start investing in Matic
Create your account
Sign up on the website, and verify your account with complete information.
Select a payment
Select whether you want to purchase Matic with PayPal, Google Pay, etc.
Choose Matic, select how much you want to buy, and make your first investment.
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Learn more about Matic
What is Polygon ?
Polygon is a cryptocurrency network that runs as a sidechain alongside Ethereum. It was launched in 2017 under the name of the Matic network. Later in February 2021, Matic was rebranded to Polygon. Now the Polygon is known as the network name, and its token is called Matic. Polygon was created by a group of Indian developers to help Ethereum expand in size, and increase its security and usefulness. Furthermore, Polygon is the home to a range of decentralized apps. People can participate in different actions on this platform, such as playing games, joining virtual worlds, creating smart contracts, and participating in various financial services. The aim of creating such a platform was to improve the speed of Ethereum-based platforms and reduce the costs of transactions on this network.
Learn more on Polygon official website.
What is Matic ?
The Polygon network was formerly known as Matic; after rebranding, its native token is known as Matic. There is a limited number of these tokens out there; the maximum supply of Matic is 10 billion tokens. The MATIC token is designed to govern and secure the Polygon platform and pay transaction fees. On the other hand, the main weakness of this token is that Matic can’t be used as a digital asset to purchase something. Therefore, if you want to buy a coin that has this ability, Matic might not be a good option. However, it can still be a great cryptocurrency to invest in.
Is Matic reliable
Matic is a well-known crypto on the market that has many institutional investors. Even Grayscale Investments, the largest digital investment company in the world, also accepted Polygon Matin in its investment product. This shows that Matic has gained incredible trust among critical investors. Furthermore, in 2021, Matic users rapidly increased to 282,760 users, which indicates more and more people are trusting this coin as a digital asset to use or invest in. The future of Matic is not clear, but analysts believe that the more investors a coin has, the better performance it will have in the future.
Polygon is also considered a secure platform, which uses a Proof-of-Stake mechanism to verify and protect the transactions on its network. Therefore, it’s as secure as other decentralized blockchains that work on PoS consensus. Moreover, to keep Matic coins protected, there are several MATIC wallets that you can choose from based on your preferences. Always choose the more secure wallets. It is always recommended to use a hardware wallet if you want to save your coins as an investment for a long period.
After you've bought Matic
To keep Matic as an investment, you should choose a wallet to keep it safe and protected. Furthermore, you should always check the price. We recommend you consider an exit point for your investment to prevent losing money while investing in crypto. Moreover, investing is not the only thing you can do with MATIC. You might be able to use it in other ways, such as voting on network upgrades, creating smart contracts, trading with NFTs, buying art, or playing games. As mentioned earlier, MATIC can’t be used to buy regular products online. Until now, none of the brands and companies have accepted this coin on their website or as a payment.
Your entry to the world of crypto
Other Methods of buying Matic
Where can I buy Matic
If there is any crypto ATM near you, it is possible to buy some coins with these machines and you should check to see whether it sells Matic or not. However, the process is not as simple as it seems. Furthermore, the ATM rates are somehow more than other methods.
You can buy Matic directly from another person over the web.
Crypto Exchanges are the safest places for buying Matic. You can use Blocktrade as a cheap, secure, and global exchange to buy Matic. You don’t need to pay any trading fee while using Blocktrade exchange. Sign up for free, create an account, and purchase Matic with a few clicks.
How to sell Matic
Sign up and verify your Blocktrade account
You’ll need a username, email address and a strong password to sign up on Blocktrade. Then, you'll be guided to verify your account.
Deposit Matic to your Blocktrade account
To sell Matic on Blocktrade, generate a deposit address and transfer the desired amount - just as simple as sending it to any Matic address.
Start selling Matic!
Once you deposited your Matic in your Blocktrade deposit address, you’ll be able to sell your Matic.
Frequently asked questions
Polygon and Solana both use the Proof-of-Stake (PoS) consensus mechanism, which empowers the security and speed of both platforms. However, Polygon is considered faster than Solana. But the downside of this platform is that if Ethereum upgrades to a newer version, Polygon might not be required anymore.
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.
The cost of buying Matic can vary depending on where, how, and when you purchase it. Typically, the price is determined by supply and demand in the cryptocurrency market. The price can also be influenced by market sentiment and news about the cryptocurrency. To find the current price of Matic, you can either log in to our website and see the real-time price or check our Matic Calculator to see the price of Matic in your desired currency.
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.
There are several options to buy Matic such as cryptocurrency exchanges, Peer-to-peer marketplaces, Matic brokers, etc. However, cryptocurrency exchanges are among the most popular ways to buy Matic for beginners. You can easily buy Matic without any buying fees from our exchange.
Polygon was founded by an Indian team: Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. The main reason was to create a faster and more efficient platform to support blockchain-based projects.
There is no right time to buy Matic, as the price is highly volatile and can fluctuate rapidly. Some experts believe that the best time to buy is when the price is low and predicted to rise, while others believe in buying and holding for the long term.
It is always recommended to do your own research, understand the risks, and have a clear investment strategy before buying Matic or any other cryptocurrency.