How to Buy Polygon (MATIC) in Canada

How to Buy MATIC in Canada

Polygon is working towards more efficient Ethereum transactions using Layer 2 sidechains

BUY PRICE1 MATIC = CAD $0.00

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SELL PRICE1 MATIC = CAD $0.00

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SUMMARY1. Brief Intro2. Price3. How to Buy4. Why Netcoins?5. About Polygon

Brief Intro

Polygon, previously known as Matic Network, was founded in 2017. However, it wasn’t until February 2021, that Matic Network was rebranded to Polygon. Polygon advertises itself as a layer-2 network. Being a layer-2 network means that it acts as an add-on layer to existing crypto blockchains without altering the original blockchain. In this way, it helps to scale existing blockchains in the crypto ecosystem. As Polygon’s native cryptocurrency, MATIC tokens are used as payment and settlement units. If you are wondering how to buy MATIC tokens in the USA, Netcoins is a publicly-traded, fully regulated cryptocurrency platform. With 0% funding fees, free cash withdrawals, and live customer support service seven days a week, we make it simple for Americans to buy Polygon (MATIC) and other cryptocurrencies.

MATIC Price

Buy MATIC

MATIC / CAD

CAD $ -

1H24H7D

Buy Price$0.00

Sell Price$0.00

24h High$0.00

24h Low$0.00

How to Buy MATIC

1. Create an Account

2. Fund It

Your Netcoins account can be funded with a crypto deposit, an ACH transfer or a bank wire transfer.

3. Start Trading

Buy and sell as much Bitcoin as you want with no slippage due to our deep liquidity.

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More About MATIC

Polygon’s History and Background

Similar to other cryptocurrencies, MATIC tokens (Polygon’s native cryptocurrency) can experience significant swings in price – as it has over the past 12 months. However, looking beyond those price fluctuations, the founders of Polygon believe that the Ethereum blockchain needs to be improved upon if it is to experience longevity. They believe that through the Polygon network (as a layer-2 solution) they can create a more efficient Ethereum network by making it more scalable, efficient and secure. To date, Polygon already has over 7,000 decentralized applications operational on its network proving the need for Polygon in the crypto space. The crypto market seems to agree because MATIC has consistently been one of the largest and most popular cryptocurrencies by market cap (or the total value of all the coins that have been created to date).

How much MATIC can I buy?

The great thing about MATIC tokens is that you can buy fractions of them. In fact, the smallest possible unit of MATIC is called a wei (named after a cryptographer) and is equivalent to .000000000000000001 MATIC (18 decimal places). The token also comes with a smaller price tag usually ranging between 40 cents and 4 dollars CAD per MATIC (at least this has been the case in 2021/2022). In comparison to larger coins like its close companion Ethereum, the smaller price allows you to buy a larger number of MATIC tokens. Buying MATIC tokens in regular intervals (like days, weeks or months) is known as dollar-cost averaging and can be a great way to average out the price at which you buy.

Why Buy Polygon?

Polygon has experienced significant adoption because of its unique proposition and ability to take a different approach to the cryptocurrency ecosystem. Rather than compete with other blockchains, like Ethereum, it seeks to collaborate and improve them. Besides scaling the Ethereum network to its full potential, several factors make Polygon a unique and exciting investment. Here are just four examples. Polygon is decentralized. The Polygon network is not controlled by a single entity or individual, which helps to ensure its integrity. It is powered by a distributed and transparent network of specialized computers. There is a maximum supply of MATIC tokens. Similar to Bitcoin, Polygon has a supply cap of 10 billion MATIC tokens that will exist at any point in time. This makes the token deflationary over the long run and a hedge against things such as inflation.

What are Polygon’s next steps?

2021 was a monumental year for Polygon, which saw an incredible 135-fold increase in price. With tailwinds such as additional partnerships, endorsements, and the general direction of the crypto market, the future looks bright for Polygon. One of the biggest factors that will determine Polygon’s investment performance will be whether adoption continues. Already, 2022 is looking bright, as Polygon has partnered with Stripe (one of the largest ecommerce payment processing companies in the world) to accept crypto as a form of payment for clients. These major partnerships, alongside the 7,000 decentralized applications running on the Polygon network increase awareness of the project and validate its value proposition. So, we may continue to see the MATIC token price increase throughout 2022.

FAQs

WHY BUY POLYGON?

Polygon has experienced significant adoption because of its unique proposition and ability to take a different approach to the cryptocurrency ecosystem. Besides scaling the Ethereum network to its full potential, here are some reasons why people buy MATIC: It’s a decentralized currency There is a maximum supply of MATIC tokens (10 billion MATIC tokens) It’s amid major adoption Transactions on the Polygon blockchain are completely transparent For many investors, Polygon is an exciting new blockchain helping to scale their beloved Ethereum.

WHY IS KYC (VERIFICATION) REQUIRED?

Netcoins USA is a member of FinCEN, we adhere to the strict guidelines set by them for Money Transmitter Businesses. We are required to have a Know-Your-Customer (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers, as per American regulations.

WHAT DO I NEED TO PROVIDE FOR YOUR VERIFICATION PROCESS?

You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business in America.

HOW CAN I FUND MY ACCOUNT?

Your Netcoins account can be funded with a crypto deposit, regular ACH, ACH pre-funding or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy MATIC in the USA.

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