Buy Matic in India — Step by Step guide for beginners
What is Matic Coin?
Matic Network (MATIC) is an Ethereum token that is powered by Polygon Network, a multi-chain Ethereum scaling solution. Polygon intends to deliver faster and cheaper transactions with Layer 2 side chains on the Ethereum main chains.
Users can deposit Ethereum tokens on a smart Polygon bridge contract and interact on the Polygon sidechain and then retract them later, if necessary, to the Ethereum main chain. The MATIC token is intended for paying transaction fees and participating in a demonstration stakeholder agreement.
Key elements of Matic Coin include:
- ETH Compatibility: The dominance of the industry, established technology stack, tools, languages, standards, business adoption
- Scalability: Dedicated blockchains, custom wasm execution environments, and scalable consensus algorithms
- Security: Modular “safety as a service” offered by Ethereum or an expert validator bundle
- Sovereignty: Dedicated performance/resources, completely customizable tech stack, sovereign management
- Interoperability: Arbitrary message passage Native support (tokens, call contracts, etc.), external system bridges
- User Experience: Instant transaction finality (deterministic) comparable to Web2, “zero-gas” transactions
- Developer Experience: No protocol level knowledge, no flag deposits, charges, or permissions are necessarily equivalent to Ethereum.
- Modularity: Extensibility and upgradeability, short-term customizability, the collaboration between the community.
How to Buy Matic Coin?
Buying and trading cryptocurrencies like Matic, bitcoin, ethereum, ripple, dogecoin, and more than 1000+ cryptos were illegal in India until 2018 when the Supreme Court decided to legalise it. Since then, the crypto industry in India has boomed and millions of Indians have invested in crypto. Buying crypto can be a complicated process, but there are crypto exchanges that make buying crypto fairly easy for a layman. Crypto exchanges are apps/websites like BuyUcoin Indian cryptocurrency exchange that allow regular people not familiar with trading to invest in Matic Network in a fairly easy manner by investing their fiat currency INR.
In India, people can buy Matic through many exchanges such as BuyUcoin and more. Follow the given steps to buy Matic in India.
Step by Step Guide for Beginners, How to Buy Matic in India?
BuyUcoin is an exchange that provides buying and selling Matic Coin in India as well as other cryptocurrencies. Below is a step by step guide for buying Matic Coin via BuyUcoin:
Step 1 — Open a Digital Wallet
A digital wallet houses your cryptocurrencies and uses blockchain technology to communicate with other citizens. It is important to make in-depth research before you decide what one is best for you, however, there are several providers of digital wallets. Today, BuyUcoin’s leading digital wallet provider.
Step 2 — Register & Open an Account
When you enter the BuyUcoin/Signup account, register and open a service account. Choose your person or company form of account. Choose your country and adhere to the terms and conditions of your crypto-trading account.
For the Indian jurisdiction, KYC and AML are compulsory. Your data are secure and encrypted and stored only in Indian data centres. To complete your KYC, you are redirected to another URL. With your last selfie, please be ready. The pictures of your pan card will be required. The mobile number connected to your Adhar is important.
Step 4-Google 2 step Verification
To use 2FA, the Authenticator app must be enabled on your smartphone or tablet. If enabled, any time you log in to your Federal Republic of Germany account, you will be asked to include a 6- digit one-time password with your email and password. This only functions when an email and password are entered. You should set up 2FA for your social media provider settings by using Facebook or LinkedIn.
Step 5-Add Bank details
Add your name credentials, the account name of the holder, and the IFSC code information.
Trade Matic Network
There are now 50 polygon shopping venues, with a total of a 24-hour volume of Dollars 967.99 million to buy, sell and trade Polygon (MATIC). With USD, EUR, GBP, and four more fiat currencies, you can purchase Polygon. It is possible to exchange polygons with 11 cryptocurrencies. With Tether, Binance USD, and QCash stable coins you can also acquire Polygon.
But first of all, you have to do these things before trading in Matic Network.
- Consider what you want to achieve, and set daily weekly, and monthly goals
- Decide which markets you’re going to trade, and learn about them thoroughly
- Set out how much you’re willing to risk on each trade, and how much you’re willing to risk overall
- Use that information to determine your risk-reward ratio
Can I Use Regular Money to Buy Matic Coin?
Yes, you can use regular money to buy Matic Coin as BuyUcoin is one of India’s leading crypto exchanges that support trading with fiat currencies like INR. With a decentralized and confidential implementation, Matic aims to achieve a high level of decentralization while ensuring near-instant transfers, low fees, and economic benefits for micro-transactions. This is why Matic is a good investment if you’re interested in investing in cryptocurrencies beyond Dogecoin (DOGE).
Getting a Matic Coin Wallet
As BuyUcoin is a multi-exchange wallet all the tokens are viable to exchange with INR and it also supports good and efficient cold storage wallets for cryptocurrencies. The open-source base of Matic aims to provide Matic Wallet, payment APIs, SDKs, products, identity solutions, and other enabled solutions that allow developer applications built on basic platforms like Ethereum to design, implement and migrate.
You can easily exchange any token or coin using BuyUcoin as the intermediate exchange medium. Whether you want to buy Polygon in India or you want to sell Polygon in India at the best Polygon price in INR then you can count on Buyucoin- The most secure and safest platform in India. It is the best Indian Exchange that offers MATIC to INR trading pairs. It is India’s most secure, dedicated, User friendly, and trusted digital exchange.
MATIC attracted a lot of new and strong hands with an escalating bullish rally, and the price, therefore, prolonged like a giant. New retail traders, therefore, view Matic as one of the lucrative investments in days to come. By early January 2021, Matic continued trading at $0.0018.
In addition, by the end of January, the price began to grow and hit $0,043. Amazingly, on 12 March MATIC went on to quote $0.5089 for the all-time high, and on 28 April they hit a new ATH for $0.8933. If the token focuses on achieving more users and investors, it can reach new heights. Some collaborations can result in both the protocol and the platform being enhanced.