Polygon Price CAD
What is Polygon?
The Matic Network is a platform designed for Ethereum scaling and infrastructure development. Recently, the project was rebranded to Polygon.
Launched in 2017, Polygon was co-founded by blockchain developers Jaynti Kanani and Sandeep Nailwal and business consultant Anurag Arjun.
Polygon is a protocol built for connecting Ethereum-compatible blockchain networks. Its goal is to improve the current Ethereum ecosystem by increasing the speed and reducing the cost and complexities of transactions on the networks.
Ethereum is a platform that is home to a variety of decentralized applications. Unfortunately, this much user activity has made the blockchain almost unusable, as the cost of transmission increases and traffic congested. Polygon acts as an add-on layer to Ethereum by employing proof-of-stake (PoS) checkpoints throughout the Ethereum main-chain.
After the rebranding, Polygon retained its MATIC cryptocurrency, the digital coin underpinning the network. MATIC is used as the unit of payment and settlement between participants who interact within the network.
MATIC maintains a circulating supply of about five billion. All remaining tokens will be released by December 2022.
How to Buy Polygon (MATIC) in Canada
Buying Polygon (MATIC) in Canada as well as other digital currencies is simple and secure with Bitbuy. Here’s how it works:
- Create Your Account: When you sign up to create an account on Bitbuy, you will be asked to confirm your email address, phone number and verify your identity.
- Add Funds: Before you can buy Polygon in Canada, add funds to your account directly with Interac eTransfer or Bank Wire.
- Buy and Sell Polygon: Once you’ve sent money to your account, you can buy Polygon instantly. Bitbuy also makes it easy to sell Polygon in Canada. Exchange your Polygon for CAD and withdraw the funds back into your bank account.
If at any point you need help signing up, verifying your account, adding funds, or buying and selling Polygon, just get in touch with customer support for same-day assistance.
The Best Place to Buy Polygon (MATIC) in Canada
Bitbuy is one of the best and safest place to buy Polygon (MATIC) in Canada. Here is why:
Safe and Secure
Every transaction you make on Bitbuy is encrypted using SSL (Secure Socket Layer) technology with two-factor authentication solutions implemented throughout. Bitbuy operates with a 95% cold storage reserve for all digital currencies in custody and executes daily encrypted and distributed backups for disaster recovery. The core of our mission at Bitbuy is making you feel safe that your digital currency is protected!
The Lowest Fees
Bitbuy offers some of the lowest buy and sell fees available in Canada. You can check out our trading fees and processing times before you sign up.
Award-winning Customer Support
Buying cryptocurrency directly from individuals is slow and risky. Cryptocurrency exchange platforms like Bitbuy make the process faster and convenient.
Our customer support is one of the big differences between Bitbuy and other exchanges. You can talk to a real person over email or on the phone. It’s an essential part of simplifying cryptocurrency for everyone.
Interac eTransfer is the most popular way to pay online in Canada.. Bitbuy exists to simplify the process when you want to buy Polygon in Canada with Interac. You can use your bank account directly to fund your Bitbuy account, which you then use to buy and sell cryptocurrencies in Canada.