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How to buy Matic in Poland
Is Matic a good investment in Poland?
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.
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.
Is Matic legal to buy in Poland?
Yes. According to an official statement by the Polish Financial Supervision Authority (KNF)
which was published to clarify the status of cryptocurrency activities and trading, the authorities
of KNF stated that exchange in cryptocurrencies, as well as trading in cryptocurrencies are not
prohibited and is therefore legal in Poland. The KNF office also warned entities operating in the
cryptocurrency space that they will have to abide by anti-money laundering and terrorism
Is Matic taxed in Poland
Yes. According to the details of settlement of Personal Income Tax by the Polish Government,
in line with the Article 30B(1A) of the Income Tax Act, gains from selling virtual currencies are
classified as revenue from property rights and are subject to 19% rate taxation under the Polish
Personal Income Tax Act. According to the above-mentioned settlement, transactions resulting
in the creation of tax revenues are (1) exchange of a virtual currency into a legal tender (fiat
currency), (2) payment of virtual currency for a good, service or property, where this property
rights do not have the form of a virtual currency.
After you've bought Matic in Poland
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.
Who can buy Matic in Poland?
Anyone. The choices are endless in Poland, including crypto ATMs, over-the-counter brokers,
P2P marketplaces and the easiest of them all, crypto exchanges. All you need to do is create an
account, meet the conditions required to start trading, and start your crypto transactions. With
the help of an exchange and the many payment services that are accessible in Poland you can
purchase crypto assets easily. Such payment services include: Apple pay, Google pay, Credit
Card, Debit Card, Bank Transfer and PayPal. Our exchange supports all of the mentioned
payment methods and provides you with quick, secure and free of charge cryptocurrency
transactions in Poland.
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Payment methods to buy Matic in Poland
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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.
Yes. You can easily sell your crypto assets by the help of exchanges in Poland. Also note that
according to the details of settlement of Personal Income Tax by the Polish Government, your
annual tax return should include your sale records of cryptocurrencies in a given year.
Yes. Buying cryptocurrency is possible through the exchanges in Poland. Yet note that
according to the details of settlement of Personal Income Tax by the Polish Government, the tax
return should be filed even if you only bought cryptocurrencies.
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 over 900 thousand people, 2.50% of Poland’s total population, currently own
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.