Unlike other sites, we let you compare more than a dozen exchanges where you can buy Polygon (MATIC/POL) based on trading fees and payment methods, meaning it's easier to find the cheapest and easiest places to buy Polygon.
POL (formerly MATIC) is the utility token of the Polygon crypto network.
The easiest and cheapest place to buy Polygon in Australia is via a dedicated cryptocurrency exchange.
You can follow the steps below to get started:
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You can buy Polygon on many of the biggest crypto exchanges in Australia.
Compare crypto exchanges that let you buy Polygon based on their payment methods below:
We currently don't have that product, but here are others to consider:
How we picked theseThe best place to buy Polygon in Australia is via a crypto exchange that lets you deposit AUD for free and offers Polygon (POL/MATIC) spot markets, like Kraken or OKX.
A spot market is like a marketplace where you can buy and sell cryptocurrencies directly with other users. This means you can actually set the price you want to buy Polygon at (known as a "limit order"), instead of simply getting the current price.
Spot markets also offer much lower trading fees than instant purchase options, which can charge more than 10 times as much as the spot market.
Unfortunately, there are no exchanges in Australia that offer POL/MATIC spot markets in AUD, meaning you'll first need to exchange your AUD for another crypto like USDT before you can trade Polygon.
You'll need the following if you want to buy Polygon via a crypto exchange:
Formerly known as the Matic Network, Polygon can be best described as a decentralised framework that enables the creation of interconnected blockchain networks.
The platform looks to iron out many of the throughput and high transaction fee-related issues that the Ethereum network is routinely faced with via the use of several different novel sidechain solutions.
In addition to providing users with a full-fledged scaling platform, Polygon is also designed to facilitate blockchain interoperability-related transactions via modules that are capable of providing developers with certain niche tools which they can use to devise their very own sovereign blockchains.
MATIC is the native cryptocurrency of the Polygon network and is used for a variety of purposes such as providing owners with voting rights in regard to various governance-related issues (especially those related to Polygon Improvement Proposals (PIPs), bolstering the security of the network via staking and facilitating gas fee payments.
"Polygon 2.0 aims to build a unified Web3 network that allows developers to connect any L1 or L2 chain to Polygon's new aggregated blockchain approach and solve crypto's increasingly fragmented ecosystem."
Below are the aspects you should consider before investing in MATIC:
| Coin symbol | MATIC |
|---|---|
| Coin Marketcap | N/A |
| Total MATIC supply | 10,000,000,000 |
| Current price | AUD$0.1766184 |
| All time high | AUD$5.726 |
| All time high date | May 10, 2019 |
| Notable team members | Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, Mihailo Bjelic |
| Partnerships | Atari |
| Industry | Blockchain scaling |
| Token uses | Platform fees, staking |
| Network | Ethereum |
Historical prices compared with the price of $0.1766184.
| 1 hour | 0.00% |
|---|---|
| 24 hours | 0.00% |
| 7 days | 0.00% |
| 14 days | 0.00% |
| 30 days | 0.00% |
|---|---|
| 60 days | 0.00% |
| 200 days | 0.00% |
| 1 year | 0.00% |
Despite dipping in September, the price of Bitcoin is up over 8% in the last month with Ether following at 4%. Meanwhile, Altcoins have been having a moment with BNB one of the top performers, jumping over 20% in the last 30 days alone, XRP up 6% and SOL having jumped 11%.
Meanwhile crypto exchanges in Australia will soon need to hold a financial services license (AFSL) under new draft legislation. Once rolled out, it means exchanges will be held to the same reporting and compliance standards as superfunds and online brokers.
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