How to Buy Polygon (MATIC)

Have you ever paid too much in gas fees for interacting with DeFi applications on Ethereum?

You are not alone. 

The developers behind Polygon (MATIC) sought out ways to to improve the speed and reduce the cost and complexities of transactions on Ethereum using a Layer 2 scaling solution. This means that Polygon acts as an add-on layer to Ethereum where transactions can be finalized, without needing to change the original blockchain layer.

To buy MATIC, you may find that it is easiest to use a trusted global digital asset & cryptocurrency exchange like Kraken.

Aside from offering some of the lowest fees in the industry, Kraken is one of the most secure and trusted crypto exchanges in the world.

At Kraken, we take security seriously, and use tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you. This matters because if you lose the private key to your MATIC private wallet, it can be challenging if not impossible to recover your lost MATIC funds. 

Follow the steps below to start buying MATIC on Kraken: 

1. Sign up for a Kraken account.
   Enter an email address, username and a strong password to protect your account.

2. Verify your account. 
   You will first need to provide your name, date of birth, country of residence and phone number before you can deposit crypto to buy MATIC and other cryptocurrencies like Bitcoin. In order to use cash (i.e. USD, EUR or CHF), you’ll need to provide our experts with additional documents verifying your identity. Read about our verification processes here.
    

3. Add funds or a payment method to your account.
   We support multiple funding and payment methods, whichever you choose will be based on your location and preferences.

4. Purchase Polygon MATIC!
   Once you’re done with step 3, you’re ready to buy MATIC with Kraken. At this point, you’ll also gain access to all of the powerful products that make the Kraken experience beloved by millions of global traders.

Once you buy MATIC, you’ll need somewhere to safely store your cryptocurrency. 

While Kraken is a secure platform, it’s always safest to keep your MATIC in your own wallet, which is a software or hardware device that stores the public and private keys required to make crypto transactions.

When choosing a crypto wallet for your MATIC, you will need to first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.

Ready to support layer 2 scaling solutions for Ethereum? Click the button below to buy MATIC on Kraken today!