Polygon or Matic? Here’s how to buy MATIC in Canada
Polygon (formerly Matic Network) is the first well-organized and easy-to-use Ethereum scaling and infrastructure development platform. Its main component is the Polygon SDK, a flexible and modular platform that supports the creation of many types of applications. Now, the question arises, how to buy MATIC in Canada? Polygon allows you to create optimistic-fold chains, ZK-fold chains, standalone chains, or any other framework your developers require. Polygon effectively turns Ethereum into a fully multi-chain system. This multi-chain system is similar to other systems such as Polkadot, Cosmos, Avalanche, and more. With the benefits of Ethereum’s security, dynamic ecosystem, and openness.
● The $MATIC token will continue to exist and will play an increasingly important role in providing system security and governance.
● Polygon (formerly Matic Network) is a layer 2 scaling solution supported by Netcoins. The project aims to promote the mass adoption of cryptocurrencies by solving the scalability problems of many blockchains.
● Polygon combines the Plasma Framework with Proof-ofStake blockchain architecture. Used by Polygon and proposed by Ethereum co-founder Vitalik Buterin, the Plasma platform makes it easy to run scalable and autonomous smart contracts.
● Nothing will change in the existing ecosystem built on the Plasma-POS network. Polygon allows new features to be built on top of existing, proven technologies, extending their capabilities to meet the diverse needs of the developer ecosystem. Polygon will continue to develop the underlying technology so that it can expand into a larger ecosystem.
● Polygon boasts up to 65,000 transactions per second on a single sidechain and decent block confirmation times of less than 2 seconds. Read more on: how to buy APE in Canada
The framework also allows you to create globally accessible decentralized financial applications on a single underlying blockchain.
1. Create an account
● Polygon is one of the easiest cryptocurrencies to buy in Canada. Some local exchanges may sell Polygon directly to you. This is not typical for most cryptocurrencies.
● Create a local Exchange account
● If you want to buy Polygon directly, we currently recommend Netcoins. There are trading pairs that can be purchased directly with Canadian Dollars.
● For detailed guidance and comparisons of the various exchanges, see our Exchange Guide.
● Create a Global Exchange Account
2. Buy Polygon
● This step depends on the account you have. Buy Polygon with your Netcoins account. If you have an account, Polygon will serve you directly through Netcoins. Just place your order, it’s that simple.
● If you want to constantly buy and sell Polygon and save money, consider opening a Binance account.
● This will provide you with the closest market price, the lowest fees, and the most advanced trading platform.
3. Buy Polygon from another account with a storage
● If you just bought a landfill, you are currently holding it on the exchange you purchased it from. A small value is fine. However, if you own significant amounts, it is best to move your cryptocurrencies to a wallet rather than an exchange.
Software wallet
● If you are just starting out, you will want to use a software wallet. They are usually free and are considered safer than leaving Polygon on exchange.
● Feel free to do a Google search to see which wallets are available and what options you have. Find a “decentralized” wallet.
After you follow all these steps leave it on Netcoins to help you set up your cryptocurrency portfolio with ease.
SOURCE CREDIT:
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