How to Buy Polygon | Buy POL in 4 Steps (December 2024)

Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate the mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains. This is done by combining the Plasma Framework and the proof-of-stake blockchain architecture.

To learn more, visit our Investing in Polygon guide.

POL 2.0 Upgrade

As of September 4, 2024, the Polygon network officially upgraded its native ‘MATIC' tokens to ‘POL' with a 1:1 exchange rate for existing holders.  In public communications, developers behind the upgrade stated,

“POL is an exciting and highly anticipated upgrade, mainly because it further expands the utility of Polygon’s native token to reflect and power the vision of Polygon as an ever-growing network of aggregated blockchains…POL is a hyperproductive token that can be used to provide valuable services to any chain in the Polygon network, including the AggLayer itself.”

For those using the Polygon network, POL now functions as its native gas and staking token.

More information on this transition can be found on the Polygon site, here.

How to Buy Polygon (POL) in 4 Steps

The whole process can take as little as 10 minutes, and all you'll need is a smartphone or computer, photo identification, and a means of payment.

1. Compare Crypto Exchanges – We list the top cryptocurrency exchanges that offer the ability to buy Polygon (POL) cryptocurrency.
2. Create an account – Verify your email address and identity.
3. Make a deposit – Debit Card, Credit Card, Wire Transfer, or Bitcoin.
4. Buy Polygon – Use your funds to Buy POL.

We list the top 7 exchanges that offer the ability to buy Polygon (POL) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).

1. Uphold

A top exchange in the United States & UK, Uphold is an experienced and extremely innovative trading platform that should be able to meet your needs for trading across a number of cryptocurrencies, including Polygon (POL). Beyond the ease of use and innovative features within the trading platform, what stands out about Uphold is the credibility it has gained in the industry.

Uphold offers an extremely intuitive trading experience on both desktop and mobile apps. The trading view is completely customizable with the assets that you trade the most and is very easy to navigate while providing a modern feel on both desktop and mobile. It is a very popular and suitable choice, particularly for new traders.

Besides being visibly appealing, the Uphold trading platform allows you to place your trades with great ease. With just a couple of clicks, you can make trades directly from your deposit method without even having to wait for funds to clear your account. This one-step ordering is another innovation from a company that prides itself on the usability of its platform. Uphold also provides the ability to execute limit orders.

Germany & Netherlands residents are prohibited.

Read our Uphold Review or visit Uphold.

Uphold Disclaimer: Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

2. Coinbase

Coinbase (COIN +7.19%), established in 2012, is a leading platform for buying, selling, and managing over 250 cryptocurrencies. As a Nasdaq-listed company, Coinbase offers users transparency and trust. The platform supports advanced trading tools, zero trading fees for Coinbase One members, and rewards programs that allow users to earn up to $400. With $226 billion traded quarterly, Coinbase is a major player in the global crypto market.

Coinbase operates in over 100 countries, including Australia, Canada, France, Germany, Netherlands, Singapore, United Kingdom, and United States (excluding Hawaii). With top-tier security, cold storage, and educational tools, it’s a trusted platform for both beginners and advanced traders. Accessible, secure, and user-friendly, Coinbase is a global leader in crypto management.

Read our Coinbase Review or visit Coinbase.

3. Kraken

Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry. It has over 9,000,000 users and over $207 billion in quarterly trading volume.

From humble beginnings, Kraken now offers over 200 digital assets, including Polygon (POL). For more sophisticated investors, Kraken also offers futures and margin trading.

Kraken has continued to evolve its platform and commitment to the industry by being one of the first exchanges to offer buying opportunities on new tokens.

Kraken provides trading access in over 190 countries, including Australia, Canada, Europe, and the United States (excluding New York and Washington state).

Read our Kraken Review or visit Kraken.

4. Binance

Binance is one of the world's largest and most well-known cryptocurrency exchanges. The benefits of purchasing Polygon (POL) here are lower fees than competing exchanges and increased liquidity, enabling you to buy and sell quickly to take advantage of market-moving news.

Use Discount Code: EE59L0QP for 10% cashback on all trading fees.

This exchange is best for investors residing in Australia, Singapore, the UK, and internationally. Canadian and USA residents are prohibited.

Read our Binance Review or visit Binance.

5. KuCoin

KuCoin is a well-known name in the industry and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto-to-crypto trading. It now offers a varied range of services, including a P2P exchange capability and purchasing with credit or debit cards.

KuCoin currently offers Polygon (POL) cryptocurrency trading and over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens.

USA Residents are Prohibited.

Read our KuCoin Review or visit KuCoin.

6. Gate.io

Established in 2013, Gate.io has grown into a reputable trading platform.  While it is not the most popular exchange, it provides users with an easy-to-use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts many altcoins, including Polygon (POL), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation.

This exchange currently accepts Australian & UK residents.

USA & Canada residents are prohibited.

Read our Gate.io Review or visit Gate.io.