Find Your Ethereum Wallet Address On Binance
You will see a WALLET option on the top menu, hover the mouse cursor over it, then click Overview.
Click on Deposit and choose DepositCrypto.
The coin list will show, select ETH.
A long string of numbers and letters will appear this is your Ethereum deposit address.
Copy the address and save it somewhere safe, you are going to need it soon.
Note: You should recheck if you selected Ethereum only because if by mistake you send coins to the wrong wallet, they will get destroyed.
Deposit Funds Into Your Account
Many cryptocurrency exchanges will allow you to purchase Polygon with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.
Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.
Pros & Cons Of The Binance Platform:
- All of the chart indicators used by professional traders are available to them.
- Over 500 coins are available for trading.
- A broader selection of cryptocurrencies
- More staking options Binance Earn feature
- A wide range of transaction types is available.
- US customers cant use the Binance platform, and the Binance.US exchange is very limited
- Binance dont offer copytrading
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How To Sell Polygon In Canada
If you would like to sell Polygon in Canada it is as straightforward as buying it. First, transfer your Polygon token to your chosen crypto exchange. Then, go to your Polygon wallet on the exchange and click sell. You will have the option to sell Polygon for Canadian dollars. Once thats done, you can go to your fiat wallet on the exchange and click withdraw. Here, you will have the option to withdraw the money to your bank account. It is easiest to sell your Polygon on the same exchange that you bought Polygon so that you only need to go through the verification process once.
Exchange Ethereum For Polygon
The moment you get notified of your transaction and your account balance shows the arrival of Ethereum, you will be ready to trade Ethereum for Polygon.
Visit the Exchange from the top menu.
For this step, we will assume you deposited ETH. If you deposited BTC, dont worry the process is exactly the same.
On the top right corner, choose ETH and search for MATIC. The MATIC/ETH trading pair should appear.
There are two ways you can buy coins:
Limit order option: you can to set the price at which you want to buy MATIC.
Market option: fills out your order at the best price automatically.
If you want to buy MATIC when it reaches a certain price, use the Limit order. Enter the price you desire and the amount of MATIC you want to purchase, then click the Buy MATIC button.
Tip: If you deposited a good amount of coins, try to not purchase your MATIC all at once instead, you should buy it at different price levels. The strategy is known as unit cost averaging.
If you want to buy MATIC at the latest price, click on the tab, then enter the amount of MATIC you want to buy. The order should be done almost instantly and the coins will be added to your Binance balance soon.
You are now a proud investor in Polygon !
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Best Cryptos To Buy On The Dip During 2022s Wild Winter
For regular InvestorPlace readers, I may seem like an odd choice to write about the best cryptos to buy. One of my concerns about cryptocurrency in general is that we dont know how it will perform in a market correction and/or a bear market.
The conventional wisdom about cryptocurrency was that it would behave differently than the broader market. So far that hasnt been the case. Investors have deemed cryptocurrencies to be risk-on assets at a time when theres a flight towards risk-off assets.
But we can all agree theres nothing thats conventional about whats going on in the financial markets. All the reasons for the popularity of cryptocurrency still exist. Inflation remains high. Geopolitical tensions are rising. And the growth of non-fungible tokens shows no sign of abating.
All of this means that this crypto winter will be coming to an end at some point. However, forecasting the exact moment that cryptos will turn around is an imperfect science. Nevertheless, here are my picks for the best cryptos to buy on this market dip:
Cryptos To Buy: Ethereum
My first pick of the best cryptos to buy is Ethereum. A tried-and-true bit of investment advice is to skate where the puck is moving. In this case, if investors are looking to where the market is going for crypto, one area to consider is the creator economy. And a huge part of that economy is derived from non-fungible tokens .
The money spent on NFTs went from an already impressive $100 million in 2020 to $22 billion in 2021. And when Forbes was reporting on its biggest trends for 2022 in the creator economy, it interviewed David Lawee, founder and general partner at CapitalG who called NFTs the single greatest technological development for creators since the advent of the Internet. And in 2022, Lawee predicts the market for NFTs will grow by 1,000%.
Even with other competitors constantly entering this space, the Ethereum blockchain is the unquestioned market share leader with approximately 80% of the transaction volume. And if, as expected, Ethereum 2.0 launches this year, that will be another reason for investors to anticipate the price of the ETH token to rise.
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S On How To Buy Polygon
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Polygon.
Read More About Cryptocurrencies From Cnbc Pro
“Web3 for me means ownership, censorship resistance and verified compute,” Nailwal told CNBC. Whereas companies like Facebook or Twitter control their own computations, Web3 promises “transparency” around those processes, Nailwal said.
Polygon wants to be the platform for big brands to develop their own Web3 strategies. It’s already got companies like Adidas and Prada experimenting with NFTs on its network. Nailwal says not all corporations are sold on crypto yet, but NFTs have been easier for them to digest.
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Kraken Credible Place To Buy Polygon In The Us
If you have some experience in the digital tokens industry and you want to engage in a sophisticated form of trading, you can choose Kraken for that purpose. A notable feature of this platform is that it allows you to margin trade with up to 5x leverage. This means that you can fund the purchase of new cryptocurrencies with an amount that may exceed your account balance. Although this form of trading is common in the market, you have to act with caution so you dont incur huge losses quickly.
However, after buying your tokens, youll have to transfer them to an external storage facility, as the platform doesnt offer a secure wallet service. Your tokens might be an easy target of remote attacks in this case since your private keys are in your care. Nonetheless, trading with Kraken is suitable for those with experience in the cryptocurrency space. The platform has an advanced trading interface thats highly intuitive and makes the process swift.
Finally, suppose you come across any difficulty while buying Polygon, Kraken has 24/7 tech and customer support. You can get help through different channels including online chat and email. This way, even if you get stuck while attempting to invest during the weekend, you can reach customer support and proceed with buying your token without having to wait till the following week. Notably, however, Kraken charges a 3.75% fee when you make transactions with your debit/credit card.
at eToro, #1 Broker in the Crypto Space
Where To Buy Polygon Crypto
The manual process of swap is antiquated and time-consuming. 123swap platform will automate and accelerate the trading process using smart contracts. 123swap provides an ecosystem of products and services that enable customers to exchange, own, send, receive, earn, invest, borrow and lend tokens across multiple chains.
For a variety of reasons, it is difficult to find the right broker to buy a Polygon Crypto. Finally, there are many cryptocurrency platforms that you can use. Hence, it will take a long time to evaluate them to find out which one works best.
To help you with this step, we evaluate a wide range of brokers to identify the most credible ones. In doing so, we take into consideration fees, the brokers regulatory status, ease of use, and acceptable payment methods. Below are the best options to consider when buying polygon tokens.
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How To Buy Cryptocurrency On Binance
Step 1: Log in to your Binance account and click Buy Crypto and then Credit/Debit Card.
Step 2: Here you can choose to buy crypto with different fiat currencies. Enter the fiat amount you want to spend and the system will automatically display the amount of crypto you can get. When you have selected the amount you wish to spend then press Continue.
Note: You might not be able to purchase every cryptocurrency directly using fiat, if youre looking to purchase something that isnt offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.
Step 3: Click Add New Card. Then enter your credit card details and your billing address.
Step 4: Check the payment details and confirm your order within 1 minute. After 1 minute, the price and the amount of crypto you will get will be recalculated. You can click Refreshto see the latest market price. You will then be redirected to your banks OTP Transaction Page. Follow the on-screen instructions to verify the payment.
How To Buy Polygon
Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.
Polygon is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains. This is done by combining the Plasma Framework and the proof-of-stake blockchain architecture. To learn more visit our Investing in Polygon guide.
We list the top 7 exchanges that offer the ability to buy Polygon cryptocurrency with a credit card, debit card, or Bitcoin .
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How To Buy Polygon In Canada
Polygon is a layer 2 solution for Ethereum. With gas fees running into the hundreds of dollars for a single transaction, a solution is needed to help Ethereums scalability issues. Polygon is a side-chain that is compatible with Ethereum. It is meant to process Ethereum transactions off the main Ethereum network to help ease congestion. Anybody using Polygon can take advantage of the cheaper gas fees for making transactions.
So How to Buy Polygon in Canada?
There are many Canadian crypto exchanges where you can buy Polygon since it is becoming a popular investment for Canadians. The price of MATIC has risen from just $0.05 one year ago to around $2.17 today . Polygon is considered one of the cryptocurrencies that will explode in 2022.
Matic Price Live Data
The live Polygon price today is $2.00 USD with a 24-hour trading volume of $1,422,426,496 USD.We update our MATIC to USD price in real-time.Polygon is up 5.38% in the last 24 hours.The current CoinMarketCap ranking is #15, with a live market cap of $14,899,254,125 USD.It has a circulating supply of 7,464,070,292 MATIC coinsand a max. supply of 10,000,000,000 MATIC coins.
If you would like to know where to buy Polygon, the top cryptocurrency exchanges for trading in Polygon stock are currently Binance,OKX,Bitget,BitCoke, andFTX.You can find others listed on our crypto exchanges page.
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How To Buy Nfts On Polygon
To find items on Polygon, make sure to check “Polygon” under the “Chains” section on the left panel when browsing NFT items.
Polygon items can be identified by the purple hexagon, Polygon’s logo, on the lower left corner of each NFT item.
Buying NFTs on Polygon is just like buying NFTs on the Ethereum mainnet. Once you’ve found your item, click on the big blue “Buy Now” button.
If this is your first time purchasing an item on Polygon, you’ll be asked to unlock Polygon trading on your wallet. This only needs to be done once.
Cryptos To Buy: Dogecoin
Last on my list of best cryptos to buy is Dogecoin. I never thought that would be a sentiment I held about the pup coin. It started as a joke and was one of the cryptos to get caught up in the meme token craze. In the past, I have discouraged investors from buying Dogecoin. In fact, Ive likened it to a token you would earn at Chuck E. Cheese. And DOGE is down nearly 80% from its high.
But my feeling about DOGE is changing a little bit. The altcoin is certainly taking the hard road. One of the arguments against cryptocurrency is that it will have a difficult time becoming a widespread medium of exchange. However, DOGE seems to embrace that and is finding success with microtransactions. For fun and for charity, Dogecoin is starting to get a firm foothold that has many crypto enthusiasts excited about its prospects.
And with enthusiasts like Elon Musk on its side, Dogecoin is likely to maintain its large community. And that community may have a larger say in the governance of DOGE when it transitions to a proof-of-stake system.
On the date of publication, Chris Markoch did not have any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris Markoch is a freelance financial copywriter who has been covering the market for eight years. He has been writing for InvestorPlace since 2019.
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How Is The Polygon Secured
As a Layer 2 solution utilizing a network of proof-of-stake validators for asset security, staking is an integral part of the Polygon ecosystem. Validators on the network will stake their MATIC tokens as collateral to become part of the networks PoS consensus mechanism and will receive MATIC tokens in return.
Members of the network who do not wish to become validators can delegate their MATIC tokens to another validator, but will still take part in their staking process and earn staking rewards.
In addition to the proof-of-stake checkpointing, Polygon uses block producers at the block producer layer to achieve a higher degree of decentralization. These block producers give finality to the main chains using checkpoints and fraud-proof mechanisms.
What Makes It Stand Out
In 2017, Plasma led blockchain scaling, while Matic had plasma-driven scaling and Proof-of-Stake sidechains to support Ethereum. Over time, Matic POS has become a popular scaling option for many applications.â¯
Polygon plans to add support for rollups and Validium to its existing Plasma/POS chain. And because, inevitably, there may be many solutions to help Ethereum scale, Polygon is establishing itself as the Swiss Army knife of systems that any solution can use.
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Where To Stake Matic
Staking cryptocurrencies is usually very easy. At the time of writing, most people use centralized exchanges for buying, selling, and trading cryptocurrencies. For example, some centralized exchanges to stake MATIC are Coinbase, Kraken, Binance, FTX, Gemini, and Huobi. Which one you choose depends on your area of residence, of course. For example, people who live in the United States are likely to choose Coinbase over Binance because of the limitations Binance has on the US.
Other platforms also support Polygon staking. For example, you can stake your Polygon on validators such as Cryptonomicon, Mind Heart Soul, VK Labs, Matrix Stake, and Coinstash.
Do You Want To Hold Polygon For The Long Term
Polygon could be a good long term hold if youre bullish on it or Ethereums future prospects. For other traders who might be more sceptical, there still could be opportunities created by short term swings in price. Here are a couple of final considerations depending on which camp you fall into.
Considerations for a long term investment strategy
A long term strategy means you want to see growth in the MATIC price over time. You want to be patient but also keep your eye out for signs of the outlook changing. The best way to invest long term is to find an exchange, then think about getting a wallet to store your coins.
Considerations for a short term trading strategy
A short term strategy relies on understanding technical analysis and using it to try to predict price moves. Keep track of the news, but the most important thing is to find a broker with low trading fees.
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