How to buy Polygon (MATIC) in Australia
A beginner's guide to buying and selling MATIC in Australia.
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How to buy Polygon
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Polygon.
- Open an account on an exchange that supports MATIC.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Polygon.
- Buy Polygon.
Complete your Polygon purchase and then find the best wallet to store MATIC.
What is Polygon?
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 (MATIC) is the 17th largest cryptocurrency in the world by market cap, valued at $8,667,779,111. The current price of Polygon is $1.39, which is 0.061% lower than yesterday. Prices have ranged between $1.43 and $1.33 over the past 24 hours. All prices are listed in US dollars and accurate as of June 20, 2021 05:06 UTC.
Where to buy PolygonFind an exchange to buy, sell and trade MATIC by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Polygon at a glance
|Total MATIC supply||10,000,000,000|
|Notable team members||Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, Mihailo Bjelic|
|Token uses||Platform fees, staking|
Polygon price performance over time
How to sell Polygon
You can cash out your MATIC with the same exchange you bought it through:
- Sign in to the exchange you have MATIC on.
If you store your Polygon in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of MATIC you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Polygon.
What to consider when buying cryptocurrencyBuying cryptocurrency can be a risky endeavor, but there are precautions you can take to help mitigate risk:
- Don't FOMO buy coins: Spend time researching a coin before you decide to invest, particularly if the coin's price is spiking for seemingly no reason.
- Stick with well known exchanges: Unless you're an experienced cryptocurrency trader, stick to more well known crypto exchanges to help avoid the possibility of losing your money in a scam. When possible, store your crypto on a hardware wallet instead of on an exchange.
- Look into the coin's founders and developers: Anonymous teams are often a red flag, so if you can't find details on the creator of the coin you may want to consider investing in a different cryptocurrency.
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