How to Buy Polygon (POL) - A Step-by-Step Guide

POL is the native token that powers Polygon, a multi-chain system built to connect Ethereum compatible blockchain networks. Polygon is able to process many more transactions than Ethereum and at a much lower cost, making it attractive for decentralized application developers.

Buying POL allows you to use it as a payment mechanism for activities that occur on and off the network. POL can be sent and received as payment and also used as a currency between users on the platform, paying for the utilization of Dapps. Owners of POL can also stake their coins and take part in governance of the platform.

Investors may also buy POL due to adoption of the platform continuing to increase and seeing its long-term potential. Polygon’s scalability and ability to provide faster transaction speeds at a lower cost provides incentive for dApp developers to utilize the platform and other Ethereum based blockchains to be added.

1. Sign up or create an account: Get instantly verified with Ndax's streamlined verification process.
2. Fund your account with Canadian dollars: You have the option to fund your account with fiat currencies using Interac e-transfer, Wire Transfer, or a Bank Draft.
3. Invest in MATIC: POL is highly divisible, so you can buy small amounts to get started. Trade CAD to POL with as little as $1 and with low trading fees of 0.2%.

After investing in POL, the next step is to store your POL in a secure cryptocurrency wallet. Depending on your own needs, investment amount, and preferences, you can keep your POL on a trading platform, a physical hardware wallet, or a software wallet.

You are free to transfer your POL to a private wallet from Ndax. However, if you decide to store your POL in your Ndax wallet, we have all the security measures in place to keep your POL safe and secure.

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• Pay for Goods and Services: Online stores, merchants, restaurants, and retail environments continue to adopt POL and other cryptocurrencies as a means of payment.
• Invest and Trade: On our trading platform, POL can be traded directly with the Canadian dollar. You can also easily view and track your trading activity, performance, growth and profits.
• Use as a Store of Value: Investors are using POL as a store of value.

• We take the fear out of trading: Ndax’s security standards are among the highest in the Canadian FinTech industry. Ndax holds the majority of digital assets offline in cold storage protected by multi-signature technology, provided by Ledger Vault, the global leader in security and infrastructure solutions for cryptocurrencies. Hot wallets are protected by Multi-Party Computation (MPC) technology recognized by industry experts.
• Grow your portfolio with Ndax’s recurring purchase feature: Set POL recurring purchases to automatically buy POL to CAD each day, week, or month. Set regular purchases as low as $10.

Download the Ndax mobile app to fund your account and start trading on-the-go from any iOS or Android device.

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The cryptocurrency market is volatile. Avoid missing out on trades by using Ndax’s unique trading options:

• Limit Order: Buy or sell orders executed at a specific price.
• Stop order: Order to buy or sell once a cryptocurrency reaches a specific price point.
• Trailing stop market order: An order that can be set at a specific dollar amount away from a cryptocurrency’s last price, bid, or ask.
• Trailing stop limit order: Limit buy or sell orders triggered once a cryptocurrency touches a trailing amount set by the user.
• Fill or kill (FOK) order: Trade that executes immediately and entirely at a certain price, but if it cannot fill the entire order immediately, it will be canceled entirely.
• Immediate or cancel order (IOC): Trade that executes immediately and cancels any unfilled portions of the order.
• Reserve order (Iceberg Order): A large trade is divided into multiple limit orders. The orders are split into visible and concealed amounts.

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Start trading on Ndax today. Experience seamless transactions, top-notch security, and unparalleled support.

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