The process of buying Polygon MATIC coins is actually not complicated, but for those who are new to cryptocurrencies, it may still feel a bit strange. In this article, I will take you step-by-step through how to buy MATIC coins, choose the right exchange, and introduce some common trading tips. Whether you are a newbie or an experienced user, I believe you will find practical instructions that will help you enter the Polygon ecosystem smoothly and have more trading options and investment opportunities.
What is Polygon (MATIC)?
Before we look at how to buy MATIC coins, let's take a quick look at Polygon (formerly known as the Matic Network), a second-tier scaling solution based on the Ether blockchain designed to increase the scalability and speed of transactions on the Ether network and reduce transaction costs. MATIC coins are native to the Polygon ecosystem and are mainly used to pay transaction fees, participate in network governance and pledge. Polygon offers a more efficient and cheaper solution to the congestion problem of the Ether network, making MATIC Coin a popular crypto-asset.
How to choose an exchange to buy MATIC coins?
To buy MATIC coins, you first need to choose a cryptocurrency exchange that supports Polygon token trading. Currently, most of the major exchanges in the market support MATIC coin trading, such as Binance (Coinbase), Coinbase, Kraken, FTX, etc. For Taiwan users, you can also choose exchanges that support Taiwan Dollar, such as Ouyi (OKX) or Binance (Binance) Taiwan Edition.
When choosing an exchange, the first factors to consider include the security of the exchange, the liquidity of the trading pairs, the fee structure and whether it supports Taiwan users to deposit in fiat currency. It is recommended to choose those exchanges that have a good reputation in the industry and have a high trading volume, which can ensure that you can trade MATIC coins at a more stable price.
How do I register on the Exchange and complete my identity verification?
Once you have selected an exchange, the next step is to sign up for an account. In the case of Cryptocurrency, you'll need to provide a valid email address or cell phone number, set up a secure password, and verify it via email. After completing the basic registration, most exchanges will require a verification of identity (KYC). This is to ensure the legitimacy of the user's identity and to comply with anti-money laundering regulations. During the KYC process, you may be required to provide a passport, driver's license, or other government-issued identification.
Once identity verification is complete, your account is ready for deposits and trading. At this point, you can choose to deposit fiat currencies (e.g., Taiwan Dollars, New Taiwan Dollars, etc.) to the exchange, or top up your account directly using a cryptocurrency transfer.
How to convert from French to MATIC currency?
After completing the deposit on the exchange, you can start buying MATIC currencies. Most exchanges will offer MATIC pairs against other major fiat currencies (e.g. USD, EUR, TWD, etc.). In the case of MATIC, you can take the following steps:
- Log in to the exchange and go to the "Trading" screen.
- In the Pair selection area, enter "MATIC" and select the corresponding fiat currency pair (e.g. MATIC/USDT, MATIC/USDT, etc.).
- Set the quantity or price of MATICs you want to purchase and select market or limit orders.
- Market Order: Trade immediately at the current market price.
- Limit Order: Set the price at which you want to close a deal and wait for the market price to reach that level.
- Confirm order and submit.
After completing your order, your MATIC coins will appear in your exchange wallet. At this point, you can choose to withdraw it to your personal cryptocurrency wallet or keep it on the exchange for other operations.
How do I withdraw MATIC coins to my wallet?
If you wish to withdraw MATIC coins from an exchange to your own crypto wallet, you first need to make sure that you have a wallet that supports the Polygon network, such as MetaMask, Trust Wallet, etc. These wallets can easily connect to the Polygon network and support the storage of MATIC coins. These wallets can easily connect to the Polygon network and support the storage of MATIC coins.
A cash-out operation usually consists of the following steps:
- Select the "Withdrawal" option on the exchange and choose MATIC as the asset to be withdrawn.
- Enter your wallet address. This is the MATIC receiving address you generated in your wallet. Please make sure this address is correct.
- Confirm the withdrawal amount and handling fee, and submit a withdrawal request.
Once the withdrawal is complete, the MATIC coins will be sent to your personal wallet so that you can save them or perform further operations.
Points to note when trading MATIC coins
There are a few important things to know when trading MATIC coins:
1. Transaction Handling Fee
Most exchanges will charge a trading fee, which is usually based on your trading volume and your chosen pair. It is advisable to find out how the various fees are charged before you trade so that you can anticipate the costs.
2. Market volatility
Like all cryptocurrencies, the price of MATIC is volatile. Although Polygon's ecosystem continues to grow, it is still affected by the overall crypto market trend. Therefore, it is important to exercise caution and risk management when trading.
3. Security of Funds
The security of cryptocurrency funds is the most important concern. In addition to choosing a trusted exchange, it is recommended that long-term holdings of MATIC coins be stored in a hardware wallet or other off-exchange wallet to protect the exchange from hacking or other risks.
Frequently Asked Questions Q&A
Q1: If I buy MATIC coins on an exchange, can I use them directly on the Polygon network?
A1: Yes, MATIC coins are native to the Polygon network. Whether you buy them on an exchange or get them elsewhere, you can use them on the Polygon network to do things like participate in pledges and pay for transactions.
Q2: How do I know if my MATIC transaction was successful?
A2: After a successful trade, the exchange will send a confirmation message or email and update your account balance. You can also use a blockchain browser (e.g. PolygonScan) to view the status of your trades and block confirmations.
Q3: Does the exchange support TWD to buy MATIC coins?
A3: Yes, some exchanges such as Coinsafe and Euronext support the purchase of MATIC coins in Taiwan Dollars. You can choose to top up and buy MATIC directly in Taiwan Dollars without converting to other currencies.
I hope this article has helped you get started buying and trading MATIC coins more smoothly and better understand the potential of Polygon as a program!
English 
Chinese