Buy Polygon in Australia easily using a peer-to-peer (wallet-to-wallet) trading platform like Elbaite cryptocurrency exchange.
To buy Polygon (MATIC) in Australia, simply:
1 - Get an Ethereum wallet
Since Polygon is an ERC20 token, you need an Ethereum wallet to purchase it. This is where you will store your purchased Polygon. You can get a free online wallet or purchase a hardware wallet. Elbaite is a non-custodial exchange. We do not hold your Polygon in a centralised wallet, meaning you are free to use any crypto wallet of your choosing.
2 - Find an offer from a trusted seller on Elbaite cryptocurrency exchange:
Elbaite connects trusted sellers to trusted buyers. Find an offer on Elbaite at a price and amount you would like to buy.
3 - Pay for your Polygon purchase
Pay the agreed amount using your bank account. On Elbaite you can pay using OSKO/PayID or mobile banking to the Elbaite escrow bank account where it is kept safe until you receive your Polygon MATIC in your wallet. The seller will never know your banking details, keeping your data private.
Polygon, also previously known as the Matic Network, is a layer two solution built to be a scalable and more simple framework for building Ethereum-compatible blockchains. Polygon looks to address the main limitations of the Ethereum network - throughput, a deficiency of community governance and inferior user experience - by improving the security, efficiency, and usefulness of the network. Polygon does this by providing tools to enhance the speed and reduce the cost and problems that arise for transactions made on the blockchain network .Polygon is a layer-2 network, acting as an additional layer to Ethereum which does not change the original Ethereum blockchain layer. The multi-chain system is similar to others like Polkadot and Cosmos, but in addition has Ethereum's security, ecosystem and openness. The MATIC token is the cryptocurrency of Polygon and is used as the unit of payment for governance, staking and gas fees between users that interact on the network.
To learn more, check out our article 'What is Polygon?'
Why buy Polygon (MATIC) with Elbaite cryptocurrency exchange? Elbaite is the first non-custodial wallet-to-wallet Australian cryptocurrency exchange.
Unlike other Australian crypto exchanges that hold your cryptocurrency in their own centralised wallets, Elbaite's wallet-to-wallet trading means that your Polygon is not held by us at any point. This is a safer and more simple trading process, giving you greater control and freedom over your cryptocurrency!
How do I store my Polygon (MATIC)? There are many Ethereum-based wallet options you can explore when it comes to safely storing your Polygon, including using hot and cold crypto wallets. Conducting your own research is crucial to keeping your Polygon safe.
What are Hot Wallets?
Hot wallets are crypto wallets that are connected to the internet. They offer better accessibility which simplifies more frequent trading. However, they offer less security against hacks and fraud incidents.
What are Cold Wallets?
Cold wallets are crypto wallets that are not connected to the internet. The two main types of cold wallets are paper wallets and hardware wallets such as Trezor and Ledger wallets. Cold wallets are a popular option for those who value security, or for traders holding Polygon as a long term investment.
More Polygon information