Best Cryptocurrency Exchange App

How to Buy Polygon Crypto 2022

How to Buy Polygon Crypto 2022
Written by publisher team


by Analytics Insight
January 13, 2022

Check out these platforms to buy Polygon securely in 2022.

If you want to grab a share in the rapidly growing crypto market, adding Polygon to your portfolio today could be a great move. It is currently trading around the £1.50 mark, however, since its inception in 2019, it has gone up an amazing 60,000%!

Don’t want to miss an opportunity like this? Then read on for our step-by-step guide on how to buy Polygon today. We will cover some of our top brokers and also price history, where to buy cryptocurrency and currency forecasting.

Where to Buy Polygon Crypto in 2022

Polkadot is a popular cryptocurrency, with a market capitalization of over £10 billion. It is available on most of the popular cryptocurrency trading platforms as well. To save you the hassle of searching for the best brokers, we have compiled our top 5 list for you to choose from:

1. eToro – Best Overall Broker for Cryptocurrency Trading with Polygon.

2. Webul – charges 0% commission on crypto trades.

3. Coinbase – Access to over 100 cryptocurrencies.

4. Binance – the largest cryptocurrency exchange in the world.

5. Stick to – 0% deposit and withdrawal fees.

Where to Buy Polygon (MATIC) – Top Exchanges Reviewed

Now we have listed our top 5 sites to buy Polygon cryptocurrency in, let’s take a closer look at each of them, allowing you to choose your favorite.

1. eToro – Best Overall Broker for Trading Polygon Cryptocurrencies

Our number one broker choice is eToro. It features a very easy-to-navigate interface, which makes it great for novice investors. The platform gives you access to more than 2,000 financial assets, including more than 30 cryptocurrencies. In addition, they are FCA regulated and do not charge a commission on non-leveraged trades!

Two factors that set eToro apart from other exchanges are its social and copy trading functionality. Social trading allows investors to connect with 20 million other eToro users worldwide to exchange trading ideas. Moreover, Copy Trader allows you to copy some of the best performing eToro wallets to increase your returns.

Looking at the costs, eToro charges a flat spread on all of its trades. In addition, it charges a $5 withdrawal fee, and if your account remains inactive for more than a year, you will be charged a $10 fee. These are the only costs that investors need to be aware of.

Opening an account is easy and can be done using the mobile app or website. Once the account is created, it can be funded with a minimum of $25 before any real trades are opened. Funds can be added using a variety of payment methods including debit/credit card, bank transfer and e-wallet.

Positives:

  • 0% commission
  • Supports social trading and copying
  • Access to more than 2,000 financial assets including 30 cryptocurrencies

Negatives:

  • Not good for technical analysis
  • Inactivity fee

Buy Polygon crypto from eToro.

Crypto assets are a highly volatile and unregulated investment product. There is no investor protection in the UK or the EU.

2. Whippool

Our second choice is Webul. This platform is great because it does not charge a commission on all cryptocurrency trades, which makes it a great value for money option.

There is no minimum deposit for investment. This means that, in theory, you can invest as little as $1 in your chosen asset. However, this is not likely to bring high returns!

Webul also offers customized accounts based on your preferred investment style. This is great because it caters to all types of investors. The platform also supports extended trading hours which is a great point to keep in mind when trading stocks.

Positives:

  • Zero commission
  • No minimum deposit
  • personal accounts

Negatives:

  • Limited product portfolio

Buy a polygon at Webull.

Your capital is at risk.

3. Coinbase

Coinbase is one of the most popular cryptocurrency exchanges, promoting over 70 million users. It provides access to more than 100 different coins and is free and easy to download on IOS, Android and desktop.

To create an account, you must enter a username and password. At this point, Coinbase will give you a wallet recovery key that you should remember. This can be used if your crypto wallet is locked in the future.

One consideration you have to make before using Coinbase is that it charges a whopping 1.49% fee. Both Webull and eToro charge zero percent commission for comparison.

Positives:

  • Access to more than 100 cryptocurrencies
  • great safety

Negatives:

Buy MATIC from Coinbase.

Your capital is at risk.

4. Binance

Our fourth pick is Binance, the world’s largest crypto exchange. It offers 500 different cryptocurrency pairs, giving investors huge choices. It also has tools for more advanced investors, allowing the ability to do more technical analysis on cryptocurrencies.

You can easily create an account by entering your personal data. In addition, it offers 24/7 customer service. However, one of the drawbacks of Binance is that it is not available worldwide.

Positives:

  • Access to more than 500 cryptocurrencies
  • Good for advanced analysis

Negatives:

Buy Polygon crypto from Binance.

Your capital is at risk.

5. stick to

Our ultimate crypto broker choice is Uphold. It’s a lot smaller than some of our other options, with about 2 million users worldwide. However, to date, it has facilitated about $6 billion in transaction value.

It is available in more than 184 countries and allows investors to access more than 70 cryptocurrencies. These include all major currencies, altcoins, and emerging tokens. It also has a high user satisfaction rate, with nearly 5,000 reviews and 4.5 stars on the App Store.

The fees are cheap as well, with no deposit and withdrawal fees when depositing through bank transfer. When using a debit/credit card, a fee of 3.99% will apply.

Positives:

  • Access to more than 70 cryptocurrencies
  • Great reviews

Negatives:

  • 3.99% Deposit Fee when using a credit/debit card

Buy Polygon Crypto on Uphold.

Your capital is at risk.

What is polygon coding?

Polygon Crypto combines Ethereum and sovereign blockchains into a multi-chain system. Although this sounds complicated, it inherently makes these blockchains more secure, open, and more powerful.

This allows decentralized applications to scale at scale, and Polygon is proud of the ability to do it in less than 30 minutes! Similar to other coins like Polkadot, this means that Polygon produces enormous real-world interest.

Should I buy a polygon?

As mentioned above, Polygon results in a huge benefit in the real world. Many other altcoins, such as Dogecoin, were created with no benefit other than to be publicly traded. While these coins can still grow quickly, that hype may eventually fade, as people are drawn to more useful crypto projects like Polygon. This can give the polygon some long time to move forward.

However, investing in any cryptocurrency has great risks. The cryptocurrency market is very volatile, rising and falling by two digits per day. The less traded currencies like Polygon are often the more volatile end of this. For example, in the past 24 hours, Polygon is down 12%, while Bitcoin (the market leader) is down just under 8%. This volatility is a risk that investors should be aware of, and perhaps consider offsetting with safer investments.

polygon price

Polygon’s current price is £1.57 (at the time of writing). However, as mentioned, this is down around 12% in the past 24 hours, in line with the broader crypto market. However, when looking at a larger time horizon, Polygon excelled. It has generated nearly 6,000% returns for investors over the past year, and 60,000% since its inception in 2019!

Polygon Price Prediction

It is a difficult task to predict cryptocurrency prices, especially given the volatility of the markets. One thing is for sure though, as the world transitions to a more decentralized future, projects like Polygon will continue to grow in strength.

This instrument is the main reason why Polygon is more resilient than other altcoins, so the price could go higher in the future. However, the issue of the cryptocurrency market is closely related to Bitcoin, and it is one that must be taken into account. If you are thinking about whether you should buy Bitcoin today, the price of BTC continues to slide, and it could lead to a pullback in the price of Polygon.

How to Buy Polygon (Matic) in 2022 – Tutorial

Now we have covered all the relevant information, let’s move on to our step by step guide to setup an eToro account and buy Polygon.

Step 1: Set up your eToro account

To do this, visit the eToro homepage and click the Register button. eToro will prompt you to enter some personal details at this point.

Step 2: Verify your eToro account

You must verify your account before adding funds. You only need to provide a valid UK driving license and proof of address, and eToro should verify your account within minutes.

Step 3: Make a deposit

The next step is to make a deposit. The minimum deposit amount is $25, and this can be added using any of the payment methods discussed above.

Step 4: Buy Polygon Coin

Simply search for Polygon and add the desired amount to your wallet!

conclusion

As mentioned, the realistic utility of Polygon (MATIC) sets it aside from many other altcoins and could drive its price up again in the future. It could also be a great way to access the broader, fast-growing crypto market.

We recommend buying Polkadot with our top rated eToro broker. It is FCA regulated and commission-free, ensuring safe and cost-effective trading.

Buy MATIC on eToro.

Crypto assets are a highly volatile and unregulated investment product. There is no investor protection in the UK or the EU. Your capital is at risk. In addition, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can take a high risk of losing your money.

questions and answers

What is polygon coding?

Polygon crypto is a project that combines a decentralized blockchain, with huge real-world utility.

Where can I buy polygon?

You can buy Polygon on all major exchanges, including our top 5 exchanges: eToro, Webull, Binance, Uphold and Coinbase.

How do I invest in polygon crypto?

Simply create an account with one of the brokers mentioned above and add it to your portfolio.

Can I buy Polygon on coinbase?

Yes, Polygon – along with over 100 other cryptocurrencies – is available for purchase on Coinbase.

Is polygon a good investment?

Many analysts believe that the real benefit of projects like Polygon makes them excellent long-term investment options. eToro is also a social trading platform where all users can communicate with each other via a Facebook-style news feed and get the ideas of other traders in the market.

About the author

publisher team