How to buy Polygon (MATIC) in Australia

Learn how to buy Polygon (MATIC) easily by following a step-by-step guide and compare 10+ crypto exchanges.

Swyftx Cryptocurrency Exchange

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  • Buy MATIC and 310+ cryptocurrencies
  • Fast online ID verification & deposits
  • Low fees and spreads
  • Demo mode for beginner traders
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How to buy Polygon

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Polygon.

  1. 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.
  2. 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.
  3. Buy Polygon.
    Complete your Polygon purchase and then find the best wallet to store MATIC.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

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 in the top 1,000 cryptocurrencies in the world by market cap, valued at $14,671,500,997. The current price of Polygon is $2.13, which is -0.192% lower than yesterday. Prices have ranged between $2.32 and $2.13 over the past 24 hours. All prices are listed in US dollars and accurate as of January 18, 2022 01:01 UTC.

Where to buy Polygon

Find 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.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

350
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

287
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

312
cryptocurrencies

Finder Exclusive: Receive $10 BTC on Sign up and Verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

354
cryptocurrencies

Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
CoinJar Cryptocurrency Exchange
Cash, Credit card, Cryptocurrency, Debit card, Bank Transfer (PayID/Osko/BPAY)
AUD, GBP

49
cryptocurrencies

CoinJar offers a simple way to buy, sell, or trade cryptocurrency with AUD. Enjoy free and instant deposits, fees start from 0.05% and withdrawals are free to your bank account
Independent Reserve Exchange
Cryptocurrency, SWIFT, Osko, PayID, EFT
AUD, NZD, USD

27
cryptocurrencies

Trade AUD and other fiat currencies against a wide range of cryptos at competitive rates.
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID
AUD

170
cryptocurrencies

Buy 120+ different cryptocurrencies using AUD with competitive trading fees in the Australian market.
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Is it a good time to buy Polygon?

The technical analysis gauge for Polygon displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Polygon based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Polygon: moving averages, oscillators and pivots. Finder is not responsible for how MATIC performs.


Polygon at a glance

Information last updated January 18, 2022 01:01 UTC.
Coin symbol MATIC
Coin Marketcap US$14,671,500,997
Total MATIC supply 10,000,000,000
Circulating MATIC 6,872,890,164
Current price US$2.13
Notable team members Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, Mihailo Bjelic
Partnerships Atari
Industry Blockchain scaling
Token uses Platform fees, staking
Network Ethereum

Polygon price performance over time

Historical prices compared with the price of US$2.13.

1 hour -8.07%
24 hours -0.19%
7 days -0.79%
14 days -8.26%
30 days 2.78%
60 days -12.73%
200 days -4.67%
1 year 43.21%

Recent Polygon developments

December 2021: Polygon announced the aquisition of Predicate Labs, the creators of the Mir blockchain. The $500 million deal aims to increase adoption of the Ethereum network by vastly expanding its capacity using zero-knowledge rollups, a layer 2 scaling technology. Mir will be introduced into the Polygon ecosystem using its new name, Polygon Zero. Polygon also recently announced a strategic partnership with Wanchain, with plans to launch the first decentralized Layer 2-to-Layer 2 cross-chain bridge. Wanchain, a decentralized blockchain interoperability solution, aims to bridge Polygon and Arbitrum.

How to sell Polygon

You can cash out your MATIC with the same exchange you bought it through:

  1. 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.
  2. Place a sell order.
    Choose the amount of MATIC you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Polygon.

What to consider when buying Polygon

Below are the aspects you should consider before investing in MATIC:
  • Interoperability: Polygon is one of the few projects that seek to tackle the issue of blockchain interoperability as well as scaling, even trying to address many of the 'perceived limitations'' of other smart contract platforms such as Polkadot and Cosmos. For starters, Polygon is fully compatible with the Ethereum Virtual Machine (EVM) – unlike Cosmos that makes use of a WASM virtual machine – making it extremely useful for developers accustomed to using the Solidity programming language.
  • Projects launched: Polygon's framework is currently being used by a number of established projects, including EasyFi – a protocol that enables decentralized borrowing and lending as well as offering users undercollateralized loans – and Aavegotchi – a DeFi-based game that makes use of non-fungible tokens (NFTs).
  • Multiple scaling solutions: The Polygon network seeks to incorporate multiple scaling solutions – namely Plasma Chains, ZK-Rollups and Optimistic Rollups – into its existing setup to help minimize potential entry barriers for newer clients as well as reduce transaction fees.
  • Partnerships: Since rebranding itself in 2021, Polygon has gone on to forge a number of high-profile partnerships with established mainstream entities including Umbria, Atari and OpenPredict.

Disclaimer: Cryptocurrencies, including Polygon, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MATIC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Polygon or any other cryptocurrency discussed.


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