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How to safely buy Polygon (MATIC)

Matic Network has recently changed its name to polygon, so you will probably find it under this name right now. Although they have continued to maintain their acronym MATIC. 

As an alternative to ethereum, with lower fees and great usability, we already see more and more projects on this network. If you want to know how to buy and sell this cryptocurrency, stay until the end.

Where to buy Polygon

If what you want is to buy Matic Network, there are many platforms, or another option wallets to be able to carry out the operation. In each of them you are required to provide your data and have a linked card to be able to buy the cryptocurrency you are going to buy. Although the best option to buy Polygon is Binance, the number 1 exchange in many countries. You can see below a step-by-step video on how to do it.

Platform: Binance
Min. Deposit: $10
License: Cysec

Very low commissions
Exchange with more Cryptocurrencies

5/5

How to sell Polygon

In order to sell polygon on binance or another exchange, it is the same operation as buying. But this time, we must pay attention to the red sell button. First of all, once purchased, we will go to the portfolio to check that the transaction has been completed. 

Once we see that we already have polygon, we must go back to markets, look for the MATIC/USDT pair, and click on it. Here we will go to the sell part and indicate the amount we want to sell per tether or usdt. 

With the usdt, you can keep them in your portfolio to buy other cryptocurrencies, or if you want to withdraw the money to your bank account, you will have to sell the usdt to your currency, either euros dollars or other, and once you have your currency, go to withdraw and withdraw your money. You can do this in different ways, although the main ones are by credit card, with a commission of about 1.8%, but it will appear instantly, or by transfer with 0% commission.

What is Polygon?

Ethereum Network problem

Ethereum is the blockchain development platform of choice, but it has limitations.

  • Poor performance
  • Poor UX (gas, delay in PoW completion).
  • No sovereignty (shared performance/risk of clogging, non-customizable technology stack, governance dependency)
  • Many projects are exploring Ethereum-compatible blockchains as a way to mitigate these limitations while still leveraging Ethereum’s thriving ecosystem. However, there is neither a specialized framework for building such blockchains nor a protocol for connecting them. This introduces significant development challenges and leads to fragmentation of the ecosystem.

Alternative proposed by Polygon/MATIC

Polygon – a protocol and framework for building and connecting Ethereum-compatible blockchain networks.

  • One-click deployment of pre-established blockchain networks
  • Growing set of modules to develop customized networks
  • Interoperability protocol for exchanging arbitrary messages with Ethereum and other blockchain networks.
  • Modular and optional “Security as a Service
  • Adapter modules to enable interoperability with existing blockchain networks

Features

Polygon combines the best of Ethereum and sovereign blockchains into an attractive feature set. Built by developers, for developers.

  • ETH Compatibility: Industry dominance, established technology stack, tools, languages, standards, enterprise adoption
  • Scalability: dedicated blockchains, scalable consensus algorithms, custom Wasm execution environments
  • Security: Modular security “as a service”, provided by Ethereum or by a group of professional validators.
  • Sovereignty: Dedicated performance/resources, fully customizable technology stack, sovereign governance
  • Interoperability: Native support for arbitrary message passing (tokens, contract calls, etc.), bridging to external systems
  • User experience: Comparable to Web2, “out-of-gas” transactions, instantaneous (deterministic) completion of transactions
  • Developer experience: Equivalent to Ethereum, no protocol-level knowledge required, no token deposits, fees or permissions
  • Modularity: High customization, extensibility and upgradability, short time-to-market, community collaboration

Platform: Binance
Min. Deposit: $10
License: Cysec

Very low commissions
Exchange with more Cryptocurrencies

5/5

How to mine Polygon Network with my pc

To be able to mine Matic Network with your computer, the first thing is to go to the official website to see the project and how to get it. You are going to be able to know the information on how to mine Matic Network from the official and reliable source.

Another place of really useful information is cryptocurrency forums where it is possible to check even guides and tutorials really in detail to mine any cryptocurrency you want. It is also considerable to have capable equipment to be able to mine Matic Network and not lose money in the process.

Another extremely common doubt is usually how to buy Matic Network anonymously. You don’t have to be uneasy about the trail, as cryptocurrencies are not tied to a name and you can’t know who the owner is. Having access to your broker is the only way to see which cryptocurrencies are yours and the number you own. The cryptocurrency leaves no way to be traced nor any of your transactions. So it is possible to buy Matic Network anonymously at all brokers.

Platform: Binance
Min. Deposit: $10
License: Cysec

Very low commissions
Exchange with more Cryptocurrencies

5/5

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