Polygon (previously MATIC Network), is a well-structured platform that seeks to resolve some of the biggest challenges facing Ethereum today. This includes high gas fees, low transaction throughput and poor user experience. The main purpose of the Polygon platform is to create a multi-chain ecosystem comprised of Ethereum-compatible blockchains. It looks to do this by allowing developers to launch their own custom Ethereum-compatible network in a single click.
MATIC is the native utility token of the Polygon network. This is mainly used for paying gas fees, securing the network and participating in governance.
The best place to buy Polygon is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Polygon (MATIC). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of MATIC is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Polygon with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy MATIC instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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Had someone try to access my account from overseas, and the swyftx team were straight onto it. They put a hold on my account and then took me through ...