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How to buy Polygon (MATIC) in Canada

Find out how to buy Polygon (MATIC) in 3 easy steps and you never pay CAD fees for funding and withdrawal.
Buy Polygon

What is Polygon?

Polygon is a layer-2 solution for Ethereum, meaning it works to improve the network by making it more scalable and increasing transaction speeds. Ethereum’s many excellent features---like smart contracts, NTFs, and thousands of dApps---actually make it difficult for the blockchain to scale and run efficiently.

Polygon’s native token, MATIC, exists on the Ethereum blockchain. MATIC secures the Polygon network, but investors can also stake the token to earn passive income.

Polygon (MATIC) logo
Polygon (MATIC) logo

Polygon (MATIC)

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Why invest in Polygon?

Polygon’s main goal is to operate as a layer-2 solution for the Ethereum network. Polygon’s long-term plan is to create a blockchain framework. Developers can create their own customizable blockchains and connect them together to create a more open online world.

Once those long-term plans get underway, Polygon would likely increase in value. Now investors can stake their MATIC and earn extra crypto as they wait for Polygon to continue development and become more valuable.

What are Polygon’s pros and cons?

PROS

  • Polygon processes transactions faster than Ethereum and has much lower gas fees.
  • You can stake MATIC to earn passive income in Canada.
  • You can buy MATIC on cryptocurrency trading platforms like Coinberry.

CONS

  • Polygon has many competitors, including Corda and Solana.
  • Ethereum 2.0’s release could decrease Polygon’s value.
  • Polygon’s value is unpredictable and can change quickly.

What makes Polygon stand out?

Polygon sidechains can handle up to 65,000 transactions per second, while the Ethereum blockchain can handle only around 15 per second. As a result, Polygon has been recognized as one of the best solutions for Ethereum’s scaling issues.

What’s more, all of Polygon’s sidechains interact with each other as well as directly with the Ethereum blockchain. That ultimately paves the way for shared, compatible smart contracts and dApps. The ability to trade cryptocurrencies and other assets seamlessly between blockchains was inconceivable until very recently.

You can buy Polygon (MATIC) in Canada with Coinberry by following these simple steps:

1

Create your account.

Sign up now, or download our Coinberry app from Google Play or the App Store. Like the crypto markets, we’re available 24/7.

2

Get verified.

After you sign up, you’ll need to verify your account.

Over 90% of our members get verified immediately, and then start trading right away.

3

Buy Polygon (MATIC).

You can buy MATIC right away at the best rates.

Get started with as little as $50 CAD. You can use a bank wire or an Interac e-Transfer to fund your account.

Buy Polygon

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