HomePolygonBuy Polygon
Polygon logo

How to Buy Polygon - Where to Purchase MATIC?

Polygon logo
Polygon (MATIC)
24H Change
Market Cap
Author: Saad Ullah

Launched as the Matic Network, Polygon is a second layer solution to Ethereum, the concept being to move transactions off the Ethereum mainnet to not only release the pressure on the ETH network but also offer a faster and more efficient network in itself.

Using its native MATIC token, Polygon has evolved to become an interoperable network that can allow different and semi-independent chains to be created, where all can work separately and at the same time interconnect. Due to its compatibility with Ethereum and being a cheaper and faster option, the Matic token has gained popularity in 2021.

Jump to a section

Buy Polygon in just a few minutes

Create a free account

Set up your trading account with eToro for free with your name, an email address and telephone number

Fund your account

Choose your preferred payment method and activate the account with the minimum deposit into your account

Start trading Polygon

Choose your cryptocurrency by clicking ‘Trading Markets’, set your risk limit and click ‘Get Started’ to start your investment strategy
PayPal logo
Mastercard logo
Visa logo
Bank Transfer logo
Skrill logo
Neteller logo

Why Trade rather than Buy Polygon for Cheap and Fast Returns?


You Don’t Need a Wallet

You trade on the price movement of the coin without having to buy and store it.


You Can Use Standard Payment Methods

All regulated brokers accept popular methods of payment such as credit/debit cards and bank transfers.


Trades Are Fast and Withdrawals Are Easy

Trades are executed within seconds and withdrawals will reflect instantly in your account.

Start Now
Buy Polygon Today

5 Things to Consider if you Want to Buy Polygon

Before you decide to buy Polygon, you should do a bit of research into the MATIC token and the preferred platform. Here are 5 things you must keep in mind:

Carefully choose your preferred secure payment method

The platform you select will offer multiple payment options. Evaluate all possible payment options before selecting the one that suits your budget and needs. You should also consider various aspects such as security and transfer speed while selecting a payment option. For example, a bank transfer offers the cheapest mode of payment but takes a long time to process the transfer. 

Will you need to set up your own wallet?

Crypto platforms will always provide you with their internal crypto wallet that supports the MATIC token, but this might not be the best option. Exchanges always run the risk of being hacked or may shut down abruptly, meaning you can always lose your investment. A private Polygon wallet is always recommended to avoid such unpleasant scenarios.

If you are going to use a broker and enter into agreements such as a contract for difference (CFD), you needn't worry about a wallet at all since no actual transfer of token takes place. 

Comparing costs

You might need to transfer your MATIC tokens from one wallet to another eventually and this will cost you. Cryptocurrencies are designed to be more efficient than fiat and you will find that the transaction fees are small in comparison. As a second layer solution, Polygon is extremely cheap and only costs a fraction of a cent.

Safety and security 

Every blockchain network has a security and consensus method that ensures the safety of assets and the ecosystem. As opposed to Ethereum’s Proof of Work (PoW), Polygon employs the energy-efficient and overall better Proof of Stake (PoS). At the same time, Polygon also relies on the Plasma Framework which allows it to piggyback on the Ethereum network’s security. Developers of dApps can even combine both to form a hybrid, giving unprecedented safety and security.

Your exchange or broker will be running its own set of securities too. Apart from the basic username and password that you will need to securely access your account, platforms also offer a range of secondary securities. 2FA is the most common, where you will need to enter a second password or code that is sent to your mobile or email. Whitelisting of addresses can also be offered, where you can only withdraw your MATIC tokens to pre-agreed wallet addresses.

Can you understand and navigate the platform?

Any platform, whether an exchange or a broker, will have its own interface. There might be commonalities such as order placement, charts and graphs, order books but even then, you will need to fully understand the functions and learn how to go about buying Polygon on your selected platform.

Ultimate Beginner’s Guide to Trading Polygon

What is a Polygon Broker?

Polygon brokers provide you services for trading MATIC. Offering derivatives, brokers provide you more flexibility and ease of use while trading. Rather than getting into buying and gaining possession of MATIC, Polygon brokers simply offer derivatives that use MATIC’s price. Essentially, it frees you from the worry of understanding the mechanics and intricacies of holding Polygon and setting up wallets.

Trading Polygon has become popular due to its value and with the cryptocurrency industry already expanding, a demand exists that many brokers cater for.

What is a Polygon CFD?

Contract for Difference is a kind of agreement you enter with a broker if you want to trade in Polygon. You agree to pay the value of a determined amount of MATIC at a specified price. Once you decide to close the CFD, the difference between opening and closing price will determine your profit or loss.

CFDs also allow you to use leverage for amplifying overall profits and you can even go short to earn even when the market is bearish. However, the risk of losses is also higher when dealing with leverage so it should be used only after gaining some experience. 

What is the Benefit of Polygon Regulation?

A completely new financial instrument, cryptocurrencies like Polygon are different from fiat and other assets and initially, authorities had no regulations that covered these assets. With no legal protection in place, traders always ran a risk of a complete loss if the brokers defaulted or neglected platform security. Today, several brokers comply with regulations and offer a wide range of trader rights, security against hackers and other threats.

What is the Best Payment Method for Buying Polygon?

Your selection of the Polygon supporting platform will ultimately decide what payment options you will be able to exercise. However, there are a few methods that are secure and recommended.

Bank Transfer

Fiat is one of the most used options, especially when people are planning to buy for the first time. While platforms may not charge you for depositing fiat, your bank might impose some fees. Using banking channels is extremely secure but bank transfers usually take a long while to process. Depending on your bank and your location, it can take anywhere from a few minutes to a couple of days for the funds to reach your platform.

Debit/Credit Cards

Cards have made it convenient to pay for services and can be used to fund your account. Available globally, money transfer through cards is a quicker method as compared to bank transfers. However, the crypto platform may charge you additionally for using cards. 


Third-party money transmitters such as PayPal are extremely popular. The fee is considerably better than using other methods and its services cover most of the globe. However, PayPal is not available in all countries and on most platforms at the time of writing.

Other Cryptocurrencies

If you possess tokens other than Polygon, you can also use these to purchase MATIC tokens. The transaction will carry a miner or a validator’s fee and it can vary, depending on the coin you have and its network load.


Using cash is the quickest way to get your hands on the Polygon tokens and carries no charges or fees. This can make it seem pretty attractive but it is not that safe. Finding a willing Polygon seller can be a challenge and if the whole transaction is not backed up by escrow services, you always run the risk of losing your funds. It is always better to use regulated platforms.  

The Verification Process for Trading Polygon

We have always recommended a reputable and regulated broker and this means you will need to comply with certain requirements which are needed as part of the Know Your Customer (KYC) and Anti-Money Laundering (AML) laws, such as your government-issued identification, your current residency and how you are going to fund your trading account. While this may seem cumbersome, it is for your own financial protection.

Polygon: Long vs Short Term Investment

Polygon is a cryptocurrency in the end and its price has a higher than normal fluctuation compared to traditional investment options. You can either choose to capture the movements on the small scale or go for the big haul.

Long term investment involves buying and then holding on to the MATIC tokens until a large enough profit is reached. While this can be your preferred strategy, you may notice that the smaller price movements offer the chances to rapidly buy and sell Polygon, thereby enabling the opportunity to earn a smaller but regular income.

A short term strategy can seem a financially better option, but it requires a much more in-depth understanding of the market and technical analysis of not only Polygon but the larger crypto sphere. Long term investment, on the other hand, requires a lot of patience and learning to ignore short term price volatility. 

Why Buy Polygon rather than Trade?

Both trading and buying Polygon has one goal: profits. There is one fundamental difference between the two and that can change your decision on whether to buy rather than trade.

Purchasing Polygon is exactly what it sounds like. You get possession of the MATIC tokens. The assets are yours to own or to spend as you like. Apart from the possession, you also have the advantage of not incurring any charges while holding them, therefore this can be the cheapest way to buy Polygon. 

Many people prefer to keep their MATIC in their exchange provided web wallet. However, this is not a recommended approach and is risky. You have the option to move your Polygon assets to a private wallet but that requires significant knowledge on setting up wallets, learning about private and public keys, and transaction fees.

In trading, especially when using derivatives, you never own Polygon tokens. All you do is enter an agreement with the broker and when you close your position, the platform offers you the equivalent price of MATIC in fiat. It does offer more flexibility with advanced trading options such as Futures and other types of contracts, but these can be pretty complex and difficult to understand.

What Fees are Involved in Buying Polygon?

No matter which platform you buy your Polygon from, there will always be a fee associated with it. There are three kinds of fees you will face at one time or another:

Deposit Fees

To be able to purchase Polygon’s MATIC tokens, you will need to fund your account. Using fiat methods will not only run up charges from your provider but depending on the method you choose, you might need to pay extra to the platform. Crypto deposits may carry no charge by the platform, but you will still need to pay the token’s network transaction fee.

Withdrawal Fee

The withdrawal fee will depend on your platform’s policy. The best way to find out is to check with your selected platform. Most sites usually charge on a flat fee basis. 

Transaction Fee

Remember the transaction fee we talked about in the deposit subsection for funding with cryptos? Similarly, if you are going to move your Polygon tokens from one wallet to another, you will need to pay the transaction fee. Luckily, the transaction charges are very low within the Polygon ecosystem.

Safely Storing Your Polygon

Safely storing your Polygon tokens should be a priority and there are many kinds of wallets you can use. These are discussed below. 

Web Wallet

Web wallets can be accessed through browsers. The most common example of MATIC web wallets are the ones provided by exchanges. Any Polygon purchased through a site is automatically stored in the platforms’ web wallets. Though extremely convenient, this can be risky since the wallet is ultimately controlled by the exchange and any incident such as a hack can result in loss of assets.

Mobile Wallet

Self-explanatory in nature, these wallets are small apps that you can install on your mobile devices to store and send Polygon MATIC tokens. Mobile wallets can be made secure by the simple act of using your mobile security features such as password protection, making it difficult for someone to gain access. Atomic Wallet is a popular mobile wallet option.

Desktop Wallet

While being less convenient than other forms of wallets, desktop wallets have their advantages over others. With a range of different security software available, desktops can be made more secure by using 2FAs, tougher passwords, firewalls, antivirus and other security options. Popular options include Mist and MyCrypto.

Hardware Wallet

Also known as cold wallets, these devices offer the best security. All data is stored internally in hardware wallets and owners can choose to disconnect from the Internet after they are done with transactions. Trezor and Ledger Nano S are the most famous hardware wallets.

What Other Coins Can I Trade or Use to Buy Polygon?

Crypto exchanges offer multiple tokens that can be bought and sold and as such, you will find that you can buy MATIC using cryptocurrencies that you already hold. For example, you will be able to buy Polygon with Ethereum and Bitcoin. Being the most popular cryptocurrencies, they are almost always offered as alternate payment options.

What’s the Smallest and Largest Amount of Polygon I Can Buy?

If you are wondering what’s the minimum purchase for MATIC, the answer lies in your choice of exchange or broker. Normally, MATIC can be fractionalised, but some platforms may impose a limit on the minimum amount that you need to purchase. 

On the other end of the spectrum, technically there is no upper MATIC buy limit, but in reality how much MATIC you can buy depends on several factors, such as the order book size and any limits imposed due to regulatory requirements and your KYC level.

Though it is possible to buy MATIC without ID, we would advise this approach. You can buy MATIC anonymously and with no verification at all if you decide to use a decentralised or a peer-to-peer exchange, but you will also stand to lose all your funds if you're not careful. The best option is to use a regulated and reputable platform for your purchases. While the prospect of being able to buy Polygon tokens without the hassle of going through KYC and AML procedures is attractive, it is also a risky approach. Using verified platforms that are in line with the law will give you protection against any fraud. 

The legality of MATIC will depend on where you are situated and the local laws prevailing in the jurisdiction.

Will Buying Polygon Make Me Money?

Although historically, MATIC price has shown an immense growth (the token was hardly over a cent at the start of this year and is currently trading at $1.38 at the time of writing, which is more than an 8,000% gain), nothing definite can be said about the future.

If you do an extensive fundamental and technical analysis, you might be able to better predict the market and decide on the best price to buy MATIC. If you want more detailed information on the history and specific events that have (and can) trigger price movements, we suggest you check out our Polygon Price Page.

How to Spend your Polygon

As a token that powers the Polygon network, there are several services within the ecosystem where you can use your MATIC token as a means of payment. It also acts as the fuel and all transactions made on the network, regardless of the token being sent, is paid in MATIC.

Though Polygon is much smaller in comparison to other large cryptos such as Bitcoin and Ethereum in terms of acceptability by merchants, you may still find people who will accept it. Several online crypto payments platforms have integrated Polygon into their platform, allowing merchants all over the world to accept it for goods and services rendered. You can always convert your MATIC tokens for fiat and spend it if you don’t find a vendor who accepts MATIC.

How to Sell your Polygon

You will need to transfer the tokens to a broker or exchange platform that supports MATIC. You can then place a sell order to convert your tokens into fiat. The fiat is held on the platform and you can initiate a withdrawal request to transfer it to your bank account.

If you are using a broker to trade a CFD, it’s much easier. As soon as you close the CFD position, the broker will deposit fiat in your account.

Alternative Cryptocurrencies

View more Cryptocurrencies
GameCredits logo
Electroneum logo
Wanchain logo
PancakeSwap logo

Frequently Asked Questions

  1. While the Ethereum network was a faster option, it has become considerably slow as more people have started to use it. Polygon offers a second layer solution where people can transact faster and at negligible costs.

  2. MATIC, the Polygon token achieved its all-time high in May 2021, touching $2.62.

  3. There are a total of 10 billion MATIC with nearly 6.47 million in circulation.

  4. Polygon is a Proof of Stake network and you can stake your tokens for block rewards.

  5. There are several DeFi farming options where you can deposit MATIC and earn liquidity rewards.

  6. Though Polygon’s MATIC token has increased in value exponentially, you will need to make careful calculations to predict any future price increase. Do your own research before investing.

  7. At the time of writing, the Polygon network transaction costs under 0.0001 MATIC, which is practically nil in fiat terms.

  8. The Polygon network is an independent layer 2 solution for Ethereum and as such, MATIC tokens can be used on Ethereum with its ERC20 version tokens.

We use cookies to personalise content & ads, provide social media features and offer you a better experience. By continuing to browse the site or clicking "OK, Thanks" you are consenting to the use of cookies on this website.