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Matic
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How to buy Matic with Debit Card
Why investors buy Matic with Debit Card
A debit card is a payment card that, unlike a credit card, is directly linked to the customer’s account using the money they have on deposit to pay for their purchase. Debit Card payment methods can be used to buy goods or to use services. Debit cards are accepted at millions of online stores and can be easily added to your digital wallets. Some of the main advantages of offering debit card payment services would be:
- The user never accumulates debt by spending from the debit card because it spends from users’ owned money directly. Therefore, it can help you prevent spending beyond your budget.
- It is safe to use against fraud.
- Debit cards do not have an annual fee.
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 Debit Card
Anyone with a bank account can own a debit card and anyone with a verified debit card and an account on our exchange can enjoy our Debit Card payment service to buy cryptocurrencies. Offering cryptocurrency purchase services using debit cards means more flexible financing for our exchange users.
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 Debit Card instantly?
The transactions paid through the Debit Card payment service are instantaneous, as Debit Card is directly linked to your cash-funded bank account. For that reason, depositing funds and withdrawing money from our exchange also happen instantly when using a debit card payment service as the funds are immediately deducted from your account.
Where can I buy Matic online with a Debit Card?
In order to offer more payment options for users to purchase cryptocurrencies simpler, our exchange provides Debit Card as a form of electronic payment service. To use debit card payment on our exchange, you must first log into your account on Blocktrade.com. After doing so, select the digital coin or the crypto token you want to purchase, enter the quantity of cryptocurrency you need to buy, and then choose to charge your account balance using a debit card. Your transaction will take place straight away.
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.
In a nutshell, we could name these advantages of Debit Card: No debt, No application or minimum credit score needed, Less fees, Identity theft protection, Fast withdraw verification
Almost 10 billion tokens have been supplied and more than 8 billion MATIC tokens are in circulation.
Debit cards generally have no additional fees. But note, if you make a transfer from a terminal whose issuing bank is not your debit card bank, some transaction fees may be deducted from your card account. Or if you withdraw or spend an amount from this card that exceeds its balance, you will also have to pay a fee. But 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.
The bank may agree to the transaction in accordance with the conditions of your account or the policies of your debit card network, but it may also charge an overdraft fee for that transaction and any subsequent ones, up until you make a sufficient deposit.
