Polygon – Price, Historical Data & How to Buy

Polygon
MATIC
$ 0.233249
0.00000248 BTC
Marketcap
$ 402,639,629
Volume (24h)
$ 2,161,036
Circulating Supply
1,726,296,198 MATIC
Total Supply
10,000,000,000 MATIC

Table of contents

What is Polygon?

Price of Polygon (MATIC)

Polygon is a cryptocurrency that was created in 2017. The currency was created by three co-founders, who also created the popular cryptocurrency Ethereum. Polygon aims to provide a more scalable and user-friendly platform for Ethereum users. The currency has been designed to be used as a payment system, with faster transaction times and lower fees than Ethereum. Polygon has been praised for its scalability and speed, as well as its security features. However, critics have raised concerns about the centralization of the currency, as it is controlled by a small number of developers. Polygon is currently on of the largest cryptocurrencies by market capitalization. The currency is popular in countries such as India, where it is used to purchase goods and services. Polygon is also available to trade on a number of exchanges, including Binance and Coinbase.

How to buy Polygon

If you’re interested in buying Polygon, there are a few things you should know first. We’ll explain how payment works and what you need to consider before purchasing any cryptocurrency. We’ll also show you where you can buy Polygon and how transactions are verified on the network.

When it comes to payment, there are two options: buying Polygon with fiat currency or purchasing another cryptocurrency like Bitcoin and exchanging it for Polygon. If you want to buy Polygon with fiat currency, you’ll need to find a reputable exchange that supports this payment method. Kraken is one example of an exchange that does.

If you decide to purchase another cryptocurrency like Bitcoin first, you’ll need to find an exchange that offers a Polygon/cryptocurrency pair. Binance is one such exchange. Once you’ve found an appropriate exchange, you can then trade your cryptocurrency for Polygon.

Once you’ve purchased Polygon, it’s important to store it in a secure wallet. The official Polygon Wallet is a good option, as it offers both desktop and mobile versions.

Transactions on the Polygon network are verified by nodes. Nodes are run by individuals or organizations that have an interest in keeping the Polygon network running smoothly. They’re rewarded for their efforts with Polygon tokens.

Polygon historical price – Line chart & candlestick

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How to store Polygon

Polygons can be stored in several different ways, each with its own advantages and disadvantages. The most popular methods of storing Polygons are wallets, hardware wallets, and paper wallets.

Wallets

Wallets are the most common way to store Polygons. There are two types of wallets: hot wallets and cold wallets.

Hot wallets are online wallets that are connected to the internet. They are convenient to use but are less secure because they can be hacked.

Cold wallets are offline wallets that are not connected to the internet. They are more secure because they cannot be hacked, but they are less convenient to use.

Hardware wallets

Hardware wallets are physical devices that can be used to store Polygons offline. They are very secure but can be expensive.

Paper wallets

Paper wallets are a type of cold wallet. They are pieces of paper that have your Polygon addresses and private keys printed on them. They are very secure but can be difficult to use.

Safest way to store Polygons

The safest way to store Polygons is in a cold wallet that is not connected to the internet. Hardware wallets and paper wallets are both good options for cold storage.

Polygon calculator

Here you can calculate the value of Polygon in all major fiat currencies.

MATIC
USD

Advantages of Polygon

Polygons have many advantages over regular currencies. They are quick to use and have low fees for international payments. Polygon is also safe to use, anonymous, decentralized, and has a low inflation rate. All of these factors make Polygon an attractive option for many people.

Polygon – FAQ

Here we present the answers to some of the most frequently asked questions about Polygon.

Can Polygon be converted to cash?

Yes, Polygon can be converted to cash. There are a few different ways to do this, but the most common is to sell your Polygon tokens on an exchange. You can also convert Polygon to cash by selling goods or services for it, or by participating in a Polygon-based lending program. Whatever method you choose, make sure you do your research beforehand to ensure that you’re getting the best possible rate. 

Is Polygon a safe cryptocurrency?

Polygon is a safe cryptocurrency with a few key features that make it a good choice for investors. First, Polygon has a very experienced team of developers who have been working on the project for several years. This gives them a good understanding of the technology and the market, and they are able to respond quickly to changes. Second, Polygon has a strong community of users and developers who are willing to help with the project. Finally, Polygon is backed by a number of large companies, including Google and Microsoft. These companies have invested heavily in the project, and they are committed to its success. As a result, Polygon is a safe investment for both short-term and long-term investors.