Discover how to buy Polygon (POL) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Polygon (POL) is currently at
$0.13100
-$0.00570 (-4.35%)
Last updated on --.
How can I buy Polygon on OKX?
Whether you're new to crypto or an experienced trader, you can buy Polygon using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Polygon
Select Polygon and buy using your chosen method.
Step four
Receive your Polygon
Confirm your purchase and store your Polygon in your portfolio.
What's Polygon?
Polygon is like a super-fast train that helps other trains move quickly. It exists to make Ethereum, a popular blockchain, faster and cheaper. Imagine Ethereum as a busy highway; Polygon builds extra lanes to reduce traffic. This helps apps run smoothly without delays or high costs, making it easier for people to use blockchain technology every day.
How can I buy Polygon?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Verify your identity with required documents for security. 3) Fund your account using a bank transfer, credit card, or other local payment methods. 4) Navigate to the trading section, search for Polygon, and place a buy order by entering the amount you wish to purchase.
Why do people buy Polygon?
People buy Polygon because it makes using Ethereum cheaper and faster. It helps apps work better, like games or finance tools, by reducing costs and speeding up transactions. Polygon is widely adopted in the blockchain world, supporting many projects and users. However, it’s important to understand its limitations, like dependency on Ethereum’s network.
Things to know before buying Polygon in the United States
In the United States, cryptocurrencies like Polygon are legal but regulated. You must complete KYC and AML verification when setting up an account. Tax implications include reporting capital gains if you sell Polygon for more than you paid. Income from staking may also be taxable. Always consult a tax professional for specific advice.
What are other ways to own Polygon?
You can obtain Polygon through airdrops, where tokens are given for free, or by participating in Learn-and-Earn programs that reward knowledge. Staking involves holding tokens to support the network and earn rewards. Providing liquidity in pools can also earn Polygon. These methods require effort and understanding of risks, like market volatility.
How can I store my Polygon?
To keep Polygon safe, understand risks like hacks and theft. Use custodial wallets for convenience, where a service holds your tokens, or non-custodial wallets for control, where you manage them. Hot wallets are online and easy to access, while cold wallets are offline and more secure. Always back up your wallet and keep recovery phrases safe.
Why should I buy Polygon on OKX?
Learn more about the security measures keeping your Polygon safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Polygon (POL)
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How to get Polygon for free
Invite friends, earn rewards
See how you can get free Polygon when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Polygon grow, for free. Put your crypto to work, 24/7.
Join airdrop campaigns
You can get free Polygon airdropped to you when you join campaigns.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Polygon
Take advantage of price fluctuations and trade your Polygon for other cryptocurrencies.
Send Polygon
Send your Polygon anywhere, anytime with fast, low-cost transfers.
Spend Polygon
Use your Polygon to pay for goods, services, and experiences seamlessly.
Hold Polygon
If you think your Polygon will increase in value, you can hold onto it.
Sell Polygon
Convert your Polygon to cash quickly and securely.
How to buy Polygon (POL) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Polygon POL safely on a trusted exchange like OKX.
Choose the best exchange to buy Polygon (POL) depending on your individual needs. Factors to consider when picking the best place to buy Polygon (POL) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Polygon. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Polygon (POL), as well as fiat withdrawal options.
This depends on the method you use to convert Polygon (POL) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.