Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Polygon, and is trustworthy!
You can find our top 3 exchanges for buying Polygon here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Polygon
And of course, the final step is to find Polygon on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Polygon (MATIC)
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How to Sell Polygon
- Sign into the exchange
- Find where you stored your Polygon, either on a hardware wallet or on the exchange.
- Transfer your Polygon to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Polygon.
Considerations when looking to buy Polygon.
Polygon (previously Matic Network), is the first platform that allows for easy and well-structured scaling of Ethereum. The core component of the platform is Polygon SDK. This modular and flexible framework supports multiple types applications.
For more information about this project, please visit our deep dive Polygon Matic.
You can use Polygon to create optim rollup chain, ZK chain, stand-alone chains, and any other type of infra that the developer requires.
Polygon transforms Ethereum into an entire multi-chain system (aka Internet of Blockchains). This multi-chain system is similar to others such as Cosmos, Avalanche, Polkadot and Cosmos. With the benefits of Ethereum's security and vibrant ecosystem.
The $MATIC token will remain in existence and play an ever more important role in securing the system as well as enabling governance.
Polygon, formerly Matic Network, is a Layer2 scaling solution that Binance and Coinbase have backed. This project aims to encourage mass adoption of cryptocurrency by solving the scaling problems on multiple blockchains.
Polygon is a combination of the Plasma Framework with the proof-of stake blockchain architecture. The Plasma framework, as suggested by Vitalik Buterin (co-founder of Ethereum), allows the execution of scalable, autonomous smart contracts.
The existing ecosystem built around the Plasma-POS chain will not be affected. Polygon is developing new features around existing technology in order to better serve the diverse needs of the developer community. Polygon will continue to improve the core technology to make it more adaptable to larger communities.
Polygon can process up to 65,000 transactions per minute on a single sidechain chain. It also boasts a respectable block confirmation speed of less than 2 seconds. This framework allows the creation of decentralized financial applications that can be used worldwide on a single foundational Blockchain.
Polygon can house unlimited numbers of decentralized applications using the Plasma framework without having to deal with the usual drawbacks of proof-of-work Blockchains. Polygon has so far attracted more 50 DApps onto its PoS-secured Ethereum sidechain.
MATIC, which are the native tokens for Polygon, can be described as an ERC-20 token that runs on the Ethereum blockchain. These tokens can be used to pay for services on Polygon or as settlement currency between users within the Polygon ecosystem. MATIC tokens are used to pay transaction fees for Polygon sidechains.