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How to buy Matic with Bank Transfer
Why investors buy Matic with Bank Transfer
SEPA or Single Euro Payments Area is a bank transfer payment system created by the European Union. It is a system that allows cross-border payments in Euros within the Euro-zone. European Union and neighboring country residents frequently use SEPA to send and receive payments using the funds in their bank accounts. A trustworthy framework for quick and affordable money transfers is provided by this network. A business must adhere to stringent guidelines and meet the highest security standards in order to offer SEPA wire transfers. Using SEPA bank transfers, you can buy cryptocurrency at our exchange and deposit and withdraw EUR easily. Offering payment options via bank transfer or SEPA would have the following main benefits:
- Instant payments are one option provided by the SEPA payment system. Weekends and holidays are not excluded from the SEPA Instant transfer schedule.
- High security because every transfer has to be cleared by several banks on its way to the exchange.
- No deposit fees, high buying limits
Is Matic a good investment?
Matic became a popular coin in 2021, which was a bad year for most cryptocurrencies, especially Bitcoin. Unlike most of the cryptocurrencies that were experiencing a decline, Matic could stay stable; and in a short time, its price increased. That’s why most people started buying Matic, and this token became one of the best tokens on the market. Matic's initial price in 2017 was $ $0.013. The fluctuations of the Matic price weren’t that much until 2021 when the price rose to $1 for the first time in its history. It recorded the highest price of $2.874 at the end of 2021 and then started to fall under $1 again. MATIC was trading for around $0.75 as of September 2022.
Investing in crypto is not possible if you can’t imagine what may happen in the future. However, it’s not clear for any of the cryptocurrencies, and no one can guarantee any predictions for its future. But analysts and crypto experts can give you hints about the future of a coin like Matic. Most experts and top investors believe that MATIC's price will increase in the long term. Therefore, they think this crypto might be a profitable long-term investment. They have expected the price of MATIC to be between $1.97 to $2.27 until 2027.
Who can buy Matic with Bank Transfer
Citizens living in a Eurozone location are able to open a bank account and use SEPA. If you are based in a non-Eurozone country, you can easily check which banks offer SEPA if you want to make this type of transfer. You can purchase any kind of cryptocurrency directly into your personal wallet without making any initial deposits by using our exchange to perform a straightforward SEPA transfer with your bank account.
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.
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.
How to buy Matic with Bank Transfer instantly?
SEPA is a way to make European cross-border payments simpler, cheaper, and faster. It is one of the most cost-effective and convenient ways to transfer money within the EEA. As the ease of use and clear navigation that come with using SEPA/bank transfer as the initial payment method may appeal to users, buying cryptocurrency with SEPA is likely the best option to purchase crypto assets in Europe instantly.
Where can I buy Matic online with a Bank Transfer?
If you prefer simple and secure crypto trading, SEPA/bank transfer would be your ideal method. Our exchange offers SEPA/bank transfer as a payment solution to give its users more options to buy cryptocurrencies easily. You must first log into your account on Blocktrade.com in order to use SEPA/bank transfer payment on our exchange. Then, after entering the number of cryptocurrencies you need to buy and choosing to charge up your account balance using SEPA/bank transfer, finish your cryptocurrency purchase.
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.
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FAQ
Frequently asked questions
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.
Some of the greatest advantages of this payment method include: Simplified payments handling, Reduced processing costs, Reduced bank charges, Quick payments, and Easier cross-border transfers.
Almost 10 billion tokens have been supplied and more than 8 billion MATIC tokens are in circulation.
There are no fees associated with this method initially. But note that SEPA trades crypto by Euro fiat currency, so if you insist on trading with other currencies using this method might require extra fees. Also, there are zero exchange fees for your crypto-trading through our exchange.
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.
SEPA compatible areas consist of EEA (European Economic Area) countries, the United Kingdom, Switzerland, Andorra, Gibraltar, San Marino, and Vatican City.
