How to Buy Polygon (MATIC): A Step-by-Step Guide

Introduction

When buying Polygon, there are a few things to think about, like picking an exchange to buy it from and the method of transaction. Luckily, we’ve put together a list of trustworthy exchanges to assist you with the process.

Step-by-step guide

1. Choose an Exchange
Research and select a cryptocurrency exchange that operates in your country and supports Polygon trading. Consider factors such as fees, security, and user reviews.
Platform Coin Price
Kraken Polygon (MATIC) 0.26
Coinbase Polygon (MATIC) 0.26
Luno Polygon (MATIC) 0.6
Blockchain.com Polygon (MATIC) 1
See all 22 prices
2. Create an Account
Register on the exchange's website or mobile app, providing personal information and identity verification documents.
Platform Coin Price
Kraken Polygon (MATIC) 0.26
Coinbase Polygon (MATIC) 0.26
Luno Polygon (MATIC) 0.6
Blockchain.com Polygon (MATIC) 1
See all 22 prices
3. Fund Your Account
Move funds to your exchange account using supported payment methods such as EFT, credit card, or debit card.
4. Navigate to the Polygon Market
Once your account is funded, search for "Polygon" (MATIC) in the exchange’s marketplace.
5. Select a Transaction Amount
Type in the amount of Polygon you want to buy.
6. Confirm Purchase
Preview the Transaction Details and Confirm Your Purchase by clicking the "Buy MATIC" or equivalent button.
7. Complete Transaction
Your Polygon purchase will be processed and deposited into your exchange wallet in just a few minutes.
8. Transfer to a Hardware Wallet
It’s always best to keep your crypto in a hardware wallet for security reasons. We always recommend Wirex or Trezor.

Platform	Coin	Price
Kraken	Polygon (MATIC)	0.26
Coinbase	Polygon (MATIC)	0.26
Luno	Polygon (MATIC)	0.6
Blockchain.com	Polygon (MATIC)	1

Platform	Coin	Price
Kraken	Polygon (MATIC)	0.26
Coinbase	Polygon (MATIC)	0.26
Luno	Polygon (MATIC)	0.6
Blockchain.com	Polygon (MATIC)	1

What to be Aware of

When buying Polygon, it’s important to choose a reputable exchange that is easy to use and has reasonable fees. Once you’ve done this, always transfer your crypto to a hardware wallet. That way, no matter what happens to that exchange, your crypto is safe.

Latest Movements

Polygon (MATIC) is presently priced at US$0.56 with a 24-hour trading volume of US$12.19M. In the past 24 hours, Polygon has experienced a decrease of -1.02%. The market cap of Polygon stands at US$864.06M, with 1.92B MATIC in circulation. For those interested in buying or trading Polygon, Kraken offers ways to do so safely and efficiently

Market cap: US$864.06M
24h trading volume: US$12.19M
Circulating supply: 1.92B MATIC

See the latest information

Frequently Asked Questions About Buying Polygon (MATIC)

What factors influence the price of Polygon (MATIC)?: The price of Polygon (MATIC) is influenced by various factors, including market demand and supply dynamics, overall cryptocurrency market trends, technological developments within the Polygon ecosystem, and broader economic conditions. Additionally, news related to the upcoming transition from MATIC to POL on September 4 may impact investor sentiment and pricing. Staying informed through platforms like Bitcompare can help track these changes effectively.
How can I track the current price of Polygon (MATIC)?: You can track the current price of Polygon (MATIC) through various cryptocurrency exchanges and financial platforms, including Bitcompare. Bitcompare provides real-time price comparisons across multiple exchanges, ensuring you have the latest information at your fingertips. Additionally, you can set up email alerts to notify you of price changes, making it easier to stay informed and make timely decisions regarding your Polygon holdings.
What is the historical price trend of Polygon (MATIC)?: The historical price trend of Polygon (MATIC) has shown considerable volatility since its launch. After reaching an all-time high in 2021, MATIC experienced fluctuations influenced by market sentiment and broader cryptocurrency trends. The upcoming transition to POL on September 4 is also expected to play a role in future price movements. For a comprehensive analysis of MATIC's historical price data, users can explore resources on Bitcompare, which offers detailed insights and market sentiment analysis.
What role does market sentiment play in the price of Polygon (MATIC)?: Market sentiment significantly influences the price of Polygon (MATIC). Positive news, such as partnerships or technological advancements, can lead to increased demand and higher prices. Conversely, negative events, such as regulatory concerns or market downturns, may decrease investor confidence and result in price drops. Bitcompare provides market sentiment analysis tools to help users gauge current attitudes toward MATIC, enabling them to make more informed decisions based on prevailing trends and news.
How will the upcoming transition from MATIC to POL affect its price?: The transition from MATIC to POL, scheduled for September 4, is expected to impact the price due to shifts in utility and demand. Initially, POL will replace MATIC as the native gas and staking token for Polygon PoS, which may create volatility as traders adjust to the changes. Increased interest in POL could drive up demand, while uncertainty surrounding the transition might lead to price fluctuations. Monitoring updates on Bitcompare can provide valuable insights into how this transition affects market dynamics.