Buy Polygon (POL)

Follow the steps below to easily and securely buy Polygon.

You can securely store your Polygon in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Polygon. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Polygon with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Polygon with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Polygon through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Polygon is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Polygon involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Polygon, it is important to understand the risks.

Volatility: The price of Polygon can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Polygon is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Polygon through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Polygon or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

Yes, you can send your Polygon to an external wallet. With Finst, you can easily send your Polygon to a hardware or a software wallet.

Yes, you can store Polygon (POL) on hardware wallets such as Ledger or Trezor.

Yes, at Finst, you can stake POL and earn passive income on your coins while contributing to the security of the network.

Polygon is a sidechain platform designed to be more scalable, faster and cheaper than the Ethereum network. Polygon was built to take the load off the Ethereum network. Developers can build decentralized applications (dApps) on the network.

The network used to be called Matic, but as of 2021 it is known as Polygon. Polygon's native token is called MATIC, but as of 2023 the transition to POL has been announced as the new token for the ecosystem.

Polygon works as a sidechain scaling solution that functions alongside the Ethereum blockchain. Thanks to a sidechain (which is actually a separate blockchain connected to Ethereum), transactions can take place outside the mainnet. In this way, Polygon relieves the Ethereum mainnet and the network can execute transactions faster at low transaction costs.

Polygon's POL token is mainly used to pay transaction costs and for the governance of the network. POL token holders can vote on high-impact changes to the network. In addition, the network uses Proof-of-Stake, just like Ethereum. This means that transactions are validated and finalized and new blocks are added to the blockchain through staking. By staking POL tokens, you help to execute transactions and secure the network. As a reward, stakers (also called validators) are paid POL tokens on top of the tokens they have staked.

Other components within the broader Polygon ecosystem are bridges, ZK rollups and optimistic rollups. Bridges allow you to easily move crypto between Polygon and other blockchains such as Ethereum. In addition, Polygon is working on solutions with Optimistic Rollups and ZK-Rollups, which make transactions faster, more efficient and cheaper by bundling and validating many transactions at the same time.

In 2017, Polygon (then still under the name Matic Network) was launched by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun. In 2021, Matic Network changed its name to Polygon to better reflect its broader vision as a multi-chain platform.