Where and How to Buy Polygon: A Beginner’s Guide

Polygon is a blockchain that was created to improve Ethereum’s scalability and efficiency. After its launch in 2017, it was initially known as the Matic network. Now, it has transitioned to a sophisticated Layer 2 solution to connect different blockchain projects and make them compatible with Ethereum. Additionally,  Polygon takes care of many transactions on its own network instead of making Ethereum do all the work. It also enables developers to build user-friendly dApps with faster transactions and lower fees.

At the heart of the platform is its native token, POL, which is an ERC-20 token, running the modified proof-of-stake mechanism. Formerly, Polygon was powering network transactions, staking, and governance using MATIC. In 2023, the network made POL its native token as part of a broader upgrade and rebranding. There is a lot to the story and if you’re wondering how to buy Polygon and get started, this guide is the perfect start.

How to Buy Polygon (POL): Summary

Polygon Labs, the creators of Polygon, is dedicated to building a more open, secure, and decentralized internet. Starting as the Matic Network in 2017, Polygon began with an initial exchange offering (IEO) on Binance, launched its mainnet in 2020, and rebranded to Polygon in 2021. Since then, the platform has achieved milestones such as fundraising, zk-rollup partnerships, community-driven Ethereum scaling, and the transition from MATIC to POL as its native token. A lot of development has happened with Polygon since its inception; we have simplified the ‘How to buy Polygon’ process for you in this guide.

We have started by offering reliable cryptocurrency exchange options like Best Wallet, OKX, Margex, and MEXC. But purchasing POL is just the first step—storing it securely and understanding how to use and trade are just as important. Don’t worry, we have covered everything!

How to Buy Polygon (POL): Best Exchanges

Buying POL doesn’t have to be complicated. In this guide, we’ll show you the best exchanges to get started and how to use them. Whether it’s your first time or you’re already familiar with crypto, these platforms make investing in POL quick and easy.

Best Wallet

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Margex

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MEXC

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OKX

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Best Wallet

Best Wallet is a secure and easy-to-use crypto wallet that works with 60+ blockchains. It lets you access multiple DEXs, so you can find the best options for trading or swapping. This makes it a great choice for storing and managing your Polygon (POL) tokens. With strong security and a simple interface, it’s suitable for both beginners and experienced users.

Learn more about the Best Wallet in our in-depth guide: Best Wallet Review 2025: Is It a Secure Crypto Wallet?

How to Buy Polygon with Best Wallet

Getting started with Best Wallet is as smooth as sending a text—simple, quick, and you’re ready to secure your POL.

Step-by-Step Guide:

• Download and Install Best Wallet:
  Head to the Best Wallet website or your app store, and grab the app for your Android or iOS device—it’s quick and easy.

  

• Set Up Your Wallet:
  Open the app, create your wallet, and don’t skip this part—back up your recovery phrase somewhere safe. Seriously, it’s your lifeline if you lose access.

  

• Fund Your Wallet:
  Load it up! You can transfer crypto from another wallet or use the app’s built-in option to buy some directly.
  
• Search for Polygon (POL):
  Head to the “Buy” or “Trade” section and look for Polygon next to the networks like Ethereum and Binance Smart Chain.

  

• Purchase POL:
  Enter how much you want, confirm your purchase, and that’s it—you’ve officially got your hands on some POL tokens.

  

• Store POL Securely:
  Your tokens are now sitting snugly in Best Wallet, ready for you to stake, trade, or just hold onto for the future.

Best Wallet Key Features

Think of Best Wallet as your all-in-one solution for everything crypto—whether it’s managing, trading, or even earning from your digital assets. Here’s what makes it stand out:

• Support: With access to 60+ blockchains and hundreds of coins (including Polygon), this wallet is like the multi-tool of the crypto world.
• Control: It’s non-custodial, so you hold the keys to your funds.
• Flexibility: Got a lesser-known token in your portfolio? Add it effortlessly and keep things organized with custom token support.
• Security: Features like two-factor authentication, biometrics, encrypted keys, and even insurance give you peace of mind that your assets are safe.
• Trading: Use the integrated DEX to swap and trade tokens across networks quickly and at minimal cost.
• Earning: Stake your POL and let it earn passive income for you.
• Tools: Access NFT gallery, market analytics and other tools like stop-loss orders because it’s built for both casual users and power traders.
• Access: Available on iOS and Android, and if you’re a desktop fan, a browser extension is in the works.

Best Wallet Pros and Cons

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Margex

Margex is a well-regarded crypto derivatives trading platform launched in 2019. Known for its transparency, security, and robust trading tools, it’s particularly popular among traders who prefer leveraged trading and low fees. Offering up to 100x leverage, Margex allows users to trade top cryptocurrencies like Polygon (POL).

Buying Polygon on Margex? Check out our detailed Margex Review 2025 – Pros & Cons Uncovered.

How to Buy Polygon with Margex

• Sign Up:
  Head to the Margex website and register using your email address. Alternatively, download the app (if it’s available in your region) to trade on the go. No lengthy verification process is required unless you choose fiat deposits.

• Deposit Funds:
  Margex offers flexible funding options. Deposit cryptocurrency directly from another wallet, or use fiat currency by purchasing crypto via third-party providers like Changelly, ChangeNOW, or Uniramp to buy crypto with your VISA or Mastercard.

• Buy/Trade Polygon:
  Once your funds are deposited, search for Polygon (POL) in the trading dashboard. If you want to buy, select the amount and confirm your purchase. For trading, choose your order type (limit or market), enter the desired leverage (up to 100x), and execute your trade.

Margex Key Features

• Leverage: Trade with up to 100x leverage to amplify your market exposure.
• Copy Trading: Replicate the trades of experienced professionals, making it easy to learn while earning.
• Demo Trading: Practice trading risk-free with Margex’s demo account, perfect for beginners.
• Margin: Start trading with as little as 1% collateral, making it accessible for smaller budgets.
• Security: 100% of user funds are stored in cold wallets, ensuring maximum security with 2FA and SSL encryption.
• 2 Apps: Margex offers separate apps for trading and copy trading.
• Fiat Onramp: Use debit or credit cards to buy crypto through third-party services, making deposits easy.
• APY Earnings: Earn 6%-7% APY on select cryptocurrencies like BTC, ETH, and USDC but options might be limited for POL.
• No-Fee: Convert crypto to stablecoins without additional fees.

Margex Pros and Cons

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OKX

OKX is one of the top cryptocurrency exchanges globally, offering a perfect balance of beginner-friendly tools and advanced features for professional traders. Supporting over 300 cryptocurrencies, including Polygon (POL), OKX provides a variety of services like spot trading, futures, options, staking, and more.

Read our in-depth review of OKX and its functionality: OKX Exchange Review – Is It Legit?

How to Buy Polygon (POL) with OKX

• Sign Up on OKX:
  Visit the OKX website or download the mobile app. Click on “Sign Up” and register using your email or phone number. Complete identity verification if you plan to use fiat currency for transactions or want to link the OKX Wallet.

• Deposit Funds:
  For fiat deposits, complete the KYC process by uploading your ID and proof of address. Choose from over 90 fiat currencies and supported payment methods like debit/credit cards. If depositing crypto, generate a wallet address carefully to ensure it matches the correct network.

• Search for Polygon (POL):
  Navigate to the “Markets” tab. Use the search bar to find POL/USDT or any other trading pair. For a quick purchase, try OKX’s express buy feature.

• Place an Order:
  Decide between a market order for an instant purchase or a limit order to set your own price. Enter the amount of POL you want to buy, then confirm your transaction. Here, users can transfer the purchased POL to its multi-signature OKX Wallet for added security.

OKX Key Features

• Trading: Spot, margin, and futures trading with access to 350+ cryptocurrencies, including Polygon (POL).
• Leverage: Trade with up to 10x leverage for spot and up to 100x for futures and derivatives.
• Automation: Set up trading bots for hands-free strategies and seamless execution.
• Earning: Stake POL or participate in mining pools to earn passive rewards.
• DeFi: Use the Web3 Wallet to access dApps, manage decentralized finance portfolios, and pay gas fees in stablecoins.
• Security: Cold storage, 2FA, and advanced anti-phishing measures to protect your funds.
• Wallet: A multi-signature, decentralized wallet supporting 70+ blockchains for secure storage.
• Loans: Borrow crypto against collateral with flexible or fixed-term options.

OKX Pros and Cons

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MEXC

MEXC is a major cryptocurrency exchange that has gained global popularity for its low fees, extensive selection of cryptocurrencies, and user-friendly interface. With support for over 2,800 cryptocurrencies and 2,900 trading pairs, MEXC is ideal for both beginners and seasoned traders.

Take a look at our MEXC Review 2025 – Fees, Features, Pros & Cons Revealed.

How to Buy Polygon with MEXC

• Sign Up on MEXC:
  Start by registering on the MEXC website or mobile app. The process is straightforward, and completing KYC verification will ensure you can start trading without delays.

• Deposit Funds:
  Click on “Deposit” in the header. MEXC supports multiple funding options in different regions, including:> Bank transfers (e.g., SEPA)
  > Credit/debit cards
  > Crypto deposits
  > P2P trading
  > Third-party providers like MoonPay

• Search for POL:
  Navigate to the Spot Trading section and search for the trading pair POL/USDT. Check the live market data to plan your trade.

• Place an Order:
  Choose the type of order—market or limit. Specify the amount of POL you want to buy and confirm your trade. Your purchased POL will be securely stored in your MEXC wallet.
• Withdraw or Stake POL:
  Withdraw your POL tokens to an external wallet for added security or take advantage of MEXC’s staking features to earn passive income.

MEXC Key Features

• Global: Available in 170+ countries, ensuring wide accessibility.
• Diversity: Supports over 2,800 cryptocurrencies and 2,900 trading pairs, including POL.
• Listings: Rapid token listing through community voting.
• Tools: Advanced trading options like leverage (up to 200x) and stop-loss orders.
• Security: Implements 2FA, cold storage, and regular security audits.
• Design: User-friendly interface catering to both beginners and experienced traders.
• Earnings: Staking programs offering competitive APYs.
• Fees: Zero maker fees and a competitive 0.02% taker fee.

MEXC Pros and Cons

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What Can You Do After Buying POL

After buying POL, you can use it in various ways depending on your goals. You can hold it in a secure wallet, waiting for its value to grow, or stake it to earn rewards while supporting the Polygon network. POL also enables you to vote on governance proposals, shaping the platform’s future. You can pay transaction fees on the Polygon network or swap it for other cryptocurrencies to diversify your portfolio. For DeFi enthusiasts, you can provide liquidity to earn a share of trading fees, yield farm for additional rewards, or even use it as collateral to borrow other tokens without selling your holdings. If you’re feeling generous, you can donate POL to charities, and simply holding it might make you eligible for airdrops of new tokens. These options make POL a flexible asset for earning, trading, and contributing to the ecosystem. Attached below is an overview chart of Polygon staking for you to refer before you stake your POL.

Understanding Polygon: The Basics

Now that you know how and where to buy POL, let’s look at its basics. Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic originally co-founded the network back in 2017. It has come a long way since then with some major rebranding. Let’s help you understand.

What is Polygon

Polygon network has been acting as a glue to connect Ethereum-based projects while creating a Layer 2 solution to make transactions faster and cheaper. Polygon is almost like an express lane on a busy Ethereum highway. It still uses Ethereum’s infrastructure but helps the ETH network by reducing congestion. Hence, it solves some of the problems that existed around Ethereum scaling by processing almost 15 transactions per second. Its native token, POL, serves several purposes, like paying transaction fees, staking for network security, and participating in governance decisions.

To summarize, Polygon is open-source ,decentralized and built on Ethereum. Here are some important events that define Polygon today:

Polygon’s broader role is defined by POL, which was formerly called MATIC. POL is the cryptocurrency  token that is designed to work across many different blockchains, replacing MATIC. It uses zero knowledge technology to make these blockchains faster and more secure. If you own POL, you can stake it to help these blockchains run smoothly. The cool part? You can help out on multiple blockchains at the same time and do different jobs on each one, like: Keeping track of transactions, double-checking the math behind those transactions and helping store important data securely.

While all of this happens, Polygon wants to become the “Value Layer of the Internet.” It wants to allow people to create, exchange, and program value without middlemen, similar to how the Internet works. Polygon 2.0 will connect multiple chains, making them feel like one through major upgrades. But the long-term goal remains transforming Ethereum into a global, scalable and unified network as the Internet.

Polygon Tokenomics

Polygon’s tokenomics centers around POL, after its an upgrade from MATIC in 2023. Meanwhile, users can swap MATIC for POL through a simple upgrade process. Notably, POL is designed to be a hyperproductive token that supports the network’s scalability and decentralization. Here’s how it works:

• POL allows holders to participate as validators.
• Validators earn rewards in three ways:
  -Protocol Rewards: Regularly issued POL tokens for their contributions.
  -Transaction Fees: Fees collected from the networks they validate.
  -Additional Incentives: Optional rewards offered by individual chains to attract more validators.
• POL supports a network of interconnected L2s, enabling infinite scalability. Validators can secure multiple chains at once.
• POL will also fund a treasury managed by the community, ensuring resources for ecosystem development, research, grants, and adoption incentives over the long term.
• Holders have governance rights, allowing them to vote on key decisions.
• POL can be used as gas on some Polygon chains, but ETH may also be used for better user experience.

Why Polygon Gained Popularity

In 2025, POL is not just a token; it’s a tool designed to grow and align the Polygon network. It incentivizes participation, ensures security, and makes the network sustainable.

We think Polygon became popular over the years as it offers fast and low-cost transactions, enhances Ethereum compatibility, ensures security, supports a growing developer community, and provides scalable solutions for decentralized applications.

Here are the top reasons why POL has been gaining high traction over the years –

• Efficient Transactions: Polygon cuts costs and speeds up transactions on Ethereum by processing them off-chain.
• Developer-Friendly: Easy migration for Ethereum dApps using programming.
• Strong Security: Decentralized validators and PoS mechanism ensure safety.
• Cross-Chain Compatibility: Enables seamless interaction between different blockchains.
• Community and Partnerships: Backed by a strong developer base and key industry collaborations.
• Staking Benefits: Earn passive rewards by securing the network.
• Broad Appeal: Affordable, scalable, and versatile, attracting diverse users and investors while focusing on long-term roadmap.

Expert Tips for Buying Polygon

Before you dive into buying Polygon (POL), take it slow, especially if you’re new to crypto. Start with a small amount to get a feel for how it works. Once you’ve bought your POL, move it to a secure wallet—it’s like keeping your valuables in a safe instead of leaving them lying around. Also, check out different exchanges because fees and prices can vary. A little research and caution can save you from costly mistakes later!

Choose a Reliable Exchange

Choosing the right exchange is your first move in the crypto game. Here are a few solid options to get your Polygon (POL) journey started:

• Exodus: Great for beginners with a super user-friendly design. It makes trading and storing crypto as simple as ordering pizza online.
• AlphaX: Built for the pros. It offers low fees and advanced tools, perfect if you’re experienced and want to dig into serious trading.
• Changelly: Changelly is all about speed, letting you swap over 150 cryptocurrencies, including Polygon.

Understand Market Trends

Interest in Polygon is largely dependent on broader interest around Ethereum and Layer-2 networks. Therefore, investors will have to keep an eye on all the elements, both separately and cumulatively. Due to Polygon’s change in tokenomics, following the network’s development activity and technological advancements like adoption of zkEVM and CDK chains will define the market trend.

Use a Secure Wallet

POL can be stored safely in some of these great wallet options:

• Best Wallet: Provides non-custodial storage, staking options, and compatibility with over 60 blockchains.
• Zengo: A self-custody wallet designed to remove risks associated with private keys and seed phrases, making it ideal for both beginners and advanced users.
• Trezor: A hardware wallet that acts like a secure vault for your crypto with constant upgrades in tech.

Also, to know more this subject, have a look at our guide on the Best Crypto Wallets of 2025.

Start with Small Investments

Crypto prices are as unpredictable as your favorite sitcom plot twists—one day they’re soaring, the next they’re tanking. Keep an eye on market charts, follow Polygon updates, and use platforms like CoinMarketCap to monitor trends. Knowing when to buy is half the battle when it comes to Polygon. But, is POL a buy at all?

Is POL a Buy

Polygon core contributor with X handle Os recently explained that Polygon has 300+ full-time developers, major weekly code activity, and over $17 million in grants to support projects. The developer also noted that tech advancements like Plonky3 and Agglayer means Polygon is committed for scalability despite slower adoption of zkEVM and CDK chains. Over the years, Polygon has become more than an Ethereum sidechain. It is contributing not only as a multi-chain aggregator, Polygon 2.0 roadmap and AI launches reflect activity.

While all of this paints a bullish picture for Polygon, a lot depends on Ethereum, L2s and execution of the Polygon 2.0 roadmap. Therefore, investors will have to do their due diligence as POL is no more just a token. Owning POL would mean owning Polygon’s next-generation “hyperproductive” token designed to power multiple chains, enable staking, and support decentralized ecosystem growth.

If you want to know how high will Polygon go in the next couple of years, check out our Polygon (POL) Price Prediction 2025-2030

Conclusion: How to buy Polygon

Polygon represents more than just a network or token—it is betting on the future of Ethereum scalability and blockchain interoperability. It is offering some strong Layer 2 solutions, with emphasis on zero-knowledge technology, and an evolving roadmap that includes Polygon 2.0. We cannot deny that the platform has positioned itself as a key player but its market cap has failed to showcase the same.

But if you’re an investor looking for opportunities in decentralized finance or a developer aiming to build efficient dApps, Polygon’s scalability, affordability, and innovation makes it one of the top choices. That said, the crypto market is volatile, and it’s crucial to stay informed, start small, and prioritize security. Yes, Polygon is more than just a blockchain; it’s a vision for a unified, scalable, and decentralized internet economy. If that aligns with your goals, investing in POL could be your first step. But as always, do your research and make informed decisions!

See Also:

• Top 10 Best Bitcoin & Crypto Wallets [cur-month] 2025
• How and Where to Buy AAVE: A Beginner’s Guide
• How to Buy RLUSD: A Beginner’s Guide to Ripple’s Stablecoin

Frequently Asked Questions

References:

• Polygon Technology, https://polygon.technology/.
• Polygon 2.0 Milestone: POL Contracts Are Live on Ethereum Mainnet. Polygon Technology, https://polygon.technology/blog/polygon-2-0-milestone-pol-contracts-are-live-on-ethereum-mainnet.
• DappRadar. “All About the Polygon Blockchain: zkEVM, POL Token & Top Dapps,” https://dappradar.com/blog/what-is-polygon-a-simple-explanation/#The-Polygon-token:-MATIC-and-POL.
• Reiff, Nathan. “What Is Polygon (POL)?” Investopedia, https://www.investopedia.com/polygon-matic-definition-5217569.
• Polygon Technology. “Polygon 2.0: Tokenomics.” Polygon Technology, Polygon Technology, 15 Feb. 2023, https://polygon.technology/blog/polygon-2-0-tokenomics.
• Token.com. “MATIC/Polygon: The Reason Behind Its Popularity.” Token.com, https://www.token.com/blog/matic-polygon-the-reason-behind-its-popularity/.

Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

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Shraddha

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I was introduced to crypto because the television news studio I worked in was doing a segment on the sector.  The world was talking about Bitcoin but it wasn't quite the phenomenon it is today. The journalist in me rushed... Read More

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