How To Invest In Polygon
What is Polygon?
The Polygon platform is built on the Ethereum blockchain. It is a novel blockchain platform designed to help businesses build applications and services on top of it. The platform is powered by a native cryptocurrency called MATIC. The goal of Polygon is to provide users with a flexible, low-cost, and high-performing platform that allows users to build and deploy decentralized applications, services, and products.
The platform also provides users with the ability to deploy their sidechains to run their applications at maximum performance. These sidechains can then be used to build dApps that require high-performance levels, such as those that require heavy computational power or large amounts of data.
MATIC is the native token of the Polygon platform. It powers the governance and economy of the platform by providing users the ability to mine, buy, and sell MATIC. It also serves as a medium of exchange on the platform so users can use it to pay for services and access premium content. The value of a MATIC coin is derived from its utility and acceptance in the digital economy.
Where to buy MATIC
There are several options when it comes to choosing an exchange to buy MATIC. Some of the key factors you need to consider before choosing an exchange to buy MATIC or crypto in general are; intuitive user experience, low trading fee percentages, security measures in the form of KYC, and of course; availability of the coin on the exchange.
Giottus is one of the best Indian exchanges in the market. The platform is designed with zero downtime in time, which it succeeds in thanks to its multi-level architecture. Giottus follows industry best practices and standards for securing your data and disaster recovery, making it easily trustable. Their partnerships with leading financial institutions make it clear that they are well regarded in crypto investing.
Investing In MATIC On Giottus
To invest in MATIC using Giottus, you need to follow a few easy steps.
#1 Open An Account On Giottus
To open an account on Giottus, click the Login button in the top right corner to the next of the More button. This will prompt a registration screen that looks like this. Fill in the necessary details, and you’ll get a confirmation mail at your registered email address.
After verifying your email address, you’ll be asked to confirm your phone number via an OTP for 2 Factor Authentication, which helps improve your account security.
#2 Verify your KYC
After you confirm your email address and phone number, you’ll be redirected to the site.
Click on Trade, the leftmost button in the top right corner. That will open up a new screen with financial information about the coin you’d like to invest in.
On this screen, you can select the token pair by clicking on the grey ribbon and typing in the name of the token. Upon inputting MATIC, the graph will update to show recent market trends for MATIC for a few different time periods; 1 minute, 5 minutes, 15 minutes, 1 hour, 4 hours, 1 day, and 1 week.
In the “MATIC Quantity” form, enter the number of MATIC tokens you’d like to purchase. The INR amount will show you the cost of purchasing the number of tokens you entered in the “MATIC Quantity” form by multiplying the number of tokens with the token price in the second form.
Buy MATIC on Giottus
Giottus is a Chennai-based cryptocurrency exchange, founded in 2017 with a commitment to advocating for cryptocurrency. Hopefully, this post has helped you to invest in MATIC, Polygon’s native token on Giottus, a user-friendly and secure crypto trading platform.