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How to buy Polygon with card

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What is MATIC

Founded in 2017 by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, Polygon is a Layer-2 scaling solution for Ethereum and other compatible blockchains. To combat Ethereum's hefty gas fees, Polygon uses proof-of-stake (PoS) side chains to scale horizontally rather than vertically.

Polygon's network builds on the high decentralization and security provided by Ethereum while offering low gas fees and speed. Its network uses Plasma technology to process transactions off-chain before finalizing them on the Ethereum network, which helps achieve a high transaction throughput. Theoretically, Polygon can process 65,536 transactions per second on a single sidechain at near-zero fees.

Polygon's native utility token, MATIC, powers and maintains the Polygon network. Using MATIC, participants can hold, spend, stake, or participate in other governance activities. Apart from transactions on the MATIC blockchain, Polygon also has a thriving NFT and DeFi ecosystems due to low transaction fees.

Why buy MATIC with OKX?

What can I do after I buy MATIC?

With Polygon being among the leading Layer-2 solutions for IoT, its native token, MATIC, has seen high demand in 2021 and continues to feature in the top 30 cryptocurrencies by market capitalization. The following are what you can do with your purchased MATIC tokens.

HODL and trade MATIC

If you are a long-term investor, buy MATIC from OKX and store it safely in your OKX wallet. You can also transfer your MATIC holdings to a hardware wallet and keep them in the hopes of profiting from any appreciation in their value over time. You can also leverage its short term volatility by trading with USDT and other pairs.

Transact and make payments with MATIC

Due to the fast transaction speed and low fees, you can use MATIC as a payment method globally. You can also use MATIC to interact with DApps built on the Polygon chain and use MATIC to pay transaction fees. Check if the merchant or seller you are interacting with accepts MATIC to send your tokens directly from your OKX wallet to their compatible one.

Generate passive income with MATIC

Put your idle MATIC tokens to good use. You can stake your MATIC tokens in our flexible and low-risk staking pools on OKX Earn to start earning interest on your MATIC investment. You can also subscribe to our savings pool to grow your MATIC balance. OKX also offers a flexible staking timeframe of 15, 30, 60, and 90 days on MATIC tokens. The annual percentage increase (APY) amount will depend on the lock-up team you choose for staking.

How to buy Cryptocurrency and store it safely?

Guide on how to buy Polygon (MATIC)

Buy MATIC with a credit or debit card

With OKX, you can seamlessly buy crypto directly with your MasterCard or VISA debit and credit cards. The simplest way to purchase MATIC tokens with a credit or debit card is to buy USDT and then exchange it for MATIC in the spot market.

Buy MATIC from our peer-to-peer (P2P) Market

Navigate to our escrow-powered peer-to-peer trading window and purchase USDT tokens directly from trusted sellers using 40 payment methods. Then exchange your USDT tokens in the spot market for MATIC.

Buy MATIC through the trading terminal

If you own USDT, you can directly trade it for MATIC through OKX’s beginner-friendly trading interface. Transfer the USDT to your OKX wallet and then place a buy order on the trading terminal for MATIC. A complimentary sell order will be matched to your order within minutes, and your MATIC will be credited to your wallet subsequently.

Convert other cryptos to MATIC

If you hold BTC, SOL, OKB, or any of the 100+ supported cryptocurrencies in an external wallet or on another exchange, you can send it to OKX and swap it for MATIC at zero charges. All you need to do is transfer crypto to your OKX account and visit our OKX Convert page to swap the deposited asset for MATIC.

FAQs

Why should I buy MATIC on OKX?
Buying Polygon's native asset MATIC on OKX means you can get it directly against your desired fiat currency and start trading it almost instantly against USDT in our highly liquid markets. Moreover, you can always withdraw your MATIC whenever you wish or earn passive income with it using offers available on OKX Earn.
Can I buy MATIC with a credit card?
Yes. You can buy MATIC with a credit or debit card. Select your preferred fiat currency from the available options, choose MATIC, pick a supported payment method and click on “Buy MATIC” to proceed.

Once your order is complete, your MATIC tokens will be deposited into your account. If you don’t have an OKX account, you will need to make one to buy MATIC with a credit card.
How do I get MATIC with ETH or Bitcoin?
Currently we only support the MATIC/USDT pair. However, you can easily convert your ETH or BTC to USDT and buy MATIC with USDT on our markets.
Is it safe to buy MATIC on OKX?
OKX is one of the world’s top cryptocurrency exchanges. Our industry-leading security measures ensure that your cryptocurrency buying and trading experience, whether it is MATIC, BTC, ETH or any of the many assets listed on our exchange, is smooth and secure.
What are the most popular cryptocurrencies to invest in today?
Top cryptos, based on market capitalization or total circulation value, include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and XRP (XRP).
However, like all other cryptos, the above are also featured with volatility and risks. You should do your own research (DYOR) and evaluate your risk appetite before investing in any cryptos.
What are the top cryptocurrencies I can buy on OKX now?
OKX provides access to hundreds of cryptos and trading pairings. Some of the most popular cryptos on OKX include BTC, ETH, USDT, DOGE, SOL and OKB.

You can visit our brand-new OKX Crypto Calculator. Select a crypto and a fiat currency to check the estimated real-time price.