Polygon, previously known as Matic Network, was founded in 2017. However, it wasn’t until February 2021, that Matic Network was rebranded to Polygon. Polygon advertises itself as a layer-2 network. Being a layer-2 network means that it acts as an add-on layer to existing crypto blockchains without altering the original blockchain. In this way, it helps to scale existing blockchains in the crypto ecosystem. As Polygon’s native cryptocurrency, MATIC tokens are used as payment and settlement units. If you are wondering how to buy MATIC tokens in Canada, Netcoins is a publicly-traded, fully regulated cryptocurrency platform based in Canada. With 0% funding fees, free cash withdrawals, and live customer support service seven days a week, we make it simple for Canadians to buy Polygon (MATIC) and other cryptocurrencies.
1. Create an Account
Sign up for an account and provide some personal details to get your account verified.
2. Fund It
Your Netcoins account can be funded with a crypto deposit, an ACH transfer or a bank wire transfer.
3. Start Trading
Buy and sell as much Bitcoin as you want with no slippage due to our deep liquidity.
Polygon’s History and Background
How much MATIC can I buy?
Why Buy Polygon?
What are Polygon’s next steps?
WHY BUY POLYGON?
Polygon has experienced significant adoption because of its unique proposition and ability to take a different approach to the cryptocurrency ecosystem. Besides scaling the Ethereum network to its full potential, here are some reasons why people buy MATIC: It’s a decentralized currency There is a maximum supply of MATIC tokens (10 billion MATIC tokens) It’s amid major adoption Transactions on the Polygon blockchain are completely transparent For many investors, Polygon is an exciting new blockchain helping to scale their beloved Ethereum.
WHY IS KYC (VERIFICATION) REQUIRED?
Netcoins USA is a member of FinCEN, we adhere to the strict guidelines set by them for Money Transmitter Businesses. We are required to have a Know-Your-Customer (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers, as per American regulations.
WHAT DO I NEED TO PROVIDE FOR YOUR VERIFICATION PROCESS?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business in America.
HOW CAN I FUND MY ACCOUNT?
Your Netcoins account can be funded with a crypto deposit, regular ACH, ACH pre-funding or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy MATIC in the USA.