Virtual currencies, real risks. The only guarantee in crypo is risk. Read more
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Disclaimer
The value of your virtual currencies can fluctuate significantly, and the amount you invested can be completely lost;
Virtual currencies are not covered by the bank deposit guarantee schemes;
There is no legal mechanism available on the virtual currency market to prevent market manipulation or insider trading;
Virtual currencies are entirely dependent on a specific computer technology and infrastructure, which in some cases may be very recently developed and not yet sufficiently tested;
In case of loss of the identifier or password that gives access to the virtual wallet in which the virtual coins are stored, those coins will be permanently lost;
Virtual currencies are currently accepted as a means of payment with limited acceptance, and in most countries there is no legal obligation to accept them;
For more information about the risks associated with an investment in virtual currencies, we recommend that you visit the Wikifin page What is a cryptocurrency? | Wikifin.
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We make investing in Polygon easier, safer and faster than ever before. With the lowest trading fees and full transparency.
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On average 82%* lower fees than other crypto exchanges, with the best possible execution price for your MATIC. No hidden fees.
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Polygon, formerly known as Matic Network, is a cryptocurrency and blockchain scalability platform that aims to address the limitations of the Ethereum network. It was founded in 2017 by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun with the goal of providing faster and cheaper transactions on the Ethereum blockchain. Polygon operates as a layer 2 solution, offering a framework for building and connecting Ethereum-compatible blockchain networks. At its core, Polygon acts as a scaling solution by utilizing a technology called "Polygon PoS (Proof of Stake) Chain" or "Matic PoS Chain." This layer 2 framework enables developers to create their own blockchain networks, known as "sidechains," while remaining connected to the Ethereum mainnet. These sidechains benefit from the security and decentralization of the Ethereum network while offering improved scalability and faster transaction speeds. Polygon aims to address Ethereum's limitations, such as high gas fees and slow transaction times, by providing a more efficient and cost-effective infrastructure for decentralized applications (dApps) and smart contracts.
Polygon operates with a multi-chain architecture, consisting of the Ethereum mainnet as the primary chain and multiple sidechains connected to it. The Polygon PoS Chain acts as the foundation of this network, serving as a scaling solution. It utilizes a proof-of-stake consensus mechanism, where network validators stake Polygon's native cryptocurrency, MATIC, to secure the network and validate transactions. The sidechains created on Polygon are designed to be compatible with the Ethereum Virtual Machine (EVM), allowing developers to seamlessly port their existing Ethereum-based applications onto the network. This compatibility enables developers to leverage Polygon's scalability features without the need for extensive code modifications. The MATIC token serves multiple purposes within the Polygon ecosystem. It is used for staking by network validators, allowing them to participate in the consensus mechanism and earn rewards. MATIC is also used to pay for transaction fees, incentivizing validators and securing the network. Additionally, MATIC holders can participate in governance by staking their tokens and voting on proposals that impact the future of the Polygon network.
With Finst it's easy to invest in MATIC and other cryptos.
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Create a free account in 3 minutes to buy, sell and store Polygon with no minimum amount. Your Finst account is accessible worldwide via mobile and desktop.
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Verify your account and transfer euros to your Finst wallet with iDEAL, Bancontact or instant SEPA bank transfer.
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Buy and sell over 40 digital assets and pay only 0,15% transaction fees. Store your MATIC in your secure Finst wallet.
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Buy MATIC with a trading fee of 0,15% per transaction and no added spead. That's it. Crystal clear.
Finst is an Amsterdam-based cryptocurrency exchange led by a team of investment professionals who have previously helped build one of the largest retail investment platforms in Europe. Finst offers the lowest transaction fees in Europe for a wide range of cryptocurrencies through a unique and highly secure platform.
Leveraging decades of combined trading, security and engineering experience, Finst aims to create a level playing field for all crypto investors and remove the high entry barriers associated with investing in cryptocurrency.