Looking at the list of the most traded digital assets we can see such a token as MATIC. It is ranked 9th on the Coinmarketcap list and has a price of $1.13 (April 2023). What is MATIC and how to buy it? Let’s discuss it today.
The Polygon network (formerly called Matic) is a Layer 2 scaling solution for Ethereum that strives to enhance the speed, efficacy, and scalability of dApps on its blockchain. Here are some remarkable advantages offered by this platform:
- Speedy transactions. Polygon’s highly efficient network is the perfect solution for handling a multitude of transactions in real time, much faster than Ethereum. As a result, this allows users to complete their transactions quickly and cost-effectively.
- Lowe fees. With transaction costs on the Polygon network significantly lower than those incurred in Ethereum, dApps become both more accessible and cost-effective for users.
- Interoperability. Polygon’s interoperability with other blockchains and protocols makes it simple to transport assets and information between various networks, thus enhancing the blockchain ecosystem’s general efficacy and operation.
- Ecosystem. The Polygon network is quickly gaining popularity among developers and users who are developing, using, and profiting from the ever-expanding array of dApps available on it. This strengthening ecosystem has been instrumental in driving up demand for MATIC – the native cryptocurrency powering Polygon – and consequently raising its value significantly.
- Security. The Polygon network incorporates some protective measures, like checkpoints and the Ethereum consensus protocol to guarantee the defense and security of its members’ data and funds.
How to Buy Matic?
We offer the WhiteBIT exchange for buying MATIC:
- Create a WhiteBIT exchange account.
- To complete the account verification process, provide your personal details and submit any necessary identification documents.
- Fund your WhiteBIT account with ease by using one of the many accepted deposit methods, including bank transfer, credit/debit card, or crypto transfer.
- When you have successfully deposited funds into your account, head on over to the MATIC trading page located on WhiteBIT.
- To buy Polygon tokens, decide on the trading pair that best fits your investment needs – such as MATIC/USD, MATIC/EUR, or even MATIC/BTC.
- Decide on the desired quantity of MATIC you would like to purchase, and make sure to review your order information for accuracy, including the exchange rate as well as any applicable fees.
- To finalize your order, press “Confirm” and wait for the transaction to be executed. As soon as it is completed, MATIC will be credited directly into your WhiteBIT account.
It’s essential to be aware that trading cryptocurrencies come with its inherent risks, so it is mandatory to do your due diligence before investing. Moreover, the value of virtual currencies such as MATIC can fluctuate rapidly, which is why only invest what you can afford to lose.