Sponsored: how to buy Polygon UK – beginner’s guide

How to buy Polygon UK

Polygon has gained huge momentum in recent years, rising a whopping 43,000% since its inception onto the market in May 2019. For reference, if you had invested £100 back in 2019, it would be worth around £43,000 today!

More broadly, the crypto market has gained huge value over the same period, rising to a current 1.5 trillion-dollar market cap. If you don’t want to miss out on this high-growth opportunity, then read on for our guide on how to buy Polygon UK!

How to Buy Polygon – Quick Steps

Let’s quickly run through a four-step guide on how to buy Polygon (MATIC):

  1.     Open an eToro account – Simply visit the website or smartphone app and enter some personal details to complete this step.
  2.     Deposit your funds – First, verify your account, then add funds to your eToro account.
  3.     Search for Polygon – Use the search bar to find Polygon crypto.
  4.     Buy Polygon – Fill out an order form and invest in Polygon in the UK!

Where to buy Polygon coin

Let’s now take a closer look at where to buy Polygon crypto in the UK. We have selected our top three brokers based on price, ease of use, and security. 

1. eToro – Overall Best Place to Buy Polygon in 2022

In our opinion, the best place to invest in Polygon coin in the UK is eToro. It has a simple, easy-to-use layout, making it a great choice for beginner investors. In addition to this, there are over 2,500 financial assets available, including 50 cryptos. The platform is also FCA Regulated which means that your funds will be protected by the FSCS Scheme in the UK.

In terms of costs, eToro is a great option. This is because it offers commission-free trading on all non-leveraged trades.  Instead, eToro makes its money from charging fixed spreads on all trades. The only real costs that investors need to be aware of when using eToro are the $5 withdrawal fee and $10 inactivity fee when accounts are left unattended for over 12 months.

With eToro’s copy trading features you can replicate the trading strategies of other experienced traders in a completely hands-off approach to investing. 

To set up an account, simply visit the website or smartphone app. Follow the onscreen prompts and verify your account. Once you have verified and funded your account, you can invest in Polygon in the UK!

Buy Polygon on eToro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.  

2. Huobi

Our second broker pick to buy Polygon crypto with is Huobi. This crypto exchange was founded in 2013 and has since grown to amass tens of millions of users, highlighting its popularity. It currently supports over 320 crypto coins. Like eToro, it is available on both smartphone and desktop. It also offers relatively cheap fees of 0.2% on each side of a trade (referred to as market maker fees).

A great point to note about Huobi is that if you set up an account, you get $20 added to your wallet. If you deposit funds within 48 hours of creating an account, Huobi will add another $20 to your account.

When trading with Huobi, investors can enjoy the support of up to 5x leverage. This is a great tool for amplifying returns but should be used carefully as it can also heavily amplify losses.

Buy Polygon on Huobi

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.  

3. Crypto.com

Our third and final best place to buy Polygon coin is Crypto.com. It has over 10 million users worldwide and supports the trading of over 150 coins. It is also available on both smartphone and desktop, and accounts are quick and easy to set up on each device.

When using Crypto.com, investors can order a physical Crypto.com card, which can be used at selected merchants to purchase goods. Whilst this is a cool feature in itself, it allows users to earn cashback on purchases – which can be up to 8% of the payments value. This cashback is added back into your account as crypto.

This trusted crypto exchange charges up to 0.4% market maker fees and another 0.4% convenience fee per trade. In addition to this, when funds are added via credit card, Crypto.com will take a hefty 2.99%.

Buy Polygon on Crypto.com

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

What is Polygon?

Polygon (MATIC) is the Ethereum token that powers the whole Polygon network. The network itself is an advanced protocol that builds and connects Ethereum compatible blockchain networks.

This may sound complex, but what it essentially does is make these networks much more stable, secure and powerful by combining them. In a real-world setting, this functionality allows decentralised apps to be massively scaled up.

Is Polygon a good investment?

Still wondering how to buy MATIC? Here are some reasons we think MATIC is a good buy in 2022. 

Decentralised application

An increasing number of decentralised applications are turning to support Polygon. This is because of its ability to create more highly secure applications, whilst also boasting the ability to quickly and efficiently upscale operations.

Staking ability

MATIC also offers the ability to be staked. What this means is that a network of computers secure and validate the network and earn MATIC rewards in the process. Participants can also delegate MATIC to earn a portion of their rewards. Polygon can be staked using the official Polygon wallet.

Cheap price

The current Polygon price is down 48% from its all-time high. This could offer a great opportunity to load up a wallet for some long-term high growth. However, the broader crypto market does seem to be bearish, so there is no guarantee that Polygon won’t fall further before rising.

Polygon price

The current price of Polygon is £1.12. This is down 9.9% for the week and down almost 25% over the past 30 days.

Polygon Price Prediction

Considering the real-world utility of Polygon, it could be a great long-term investment. With more and more applications using decentralised data in the future, Polygon could be primed for growth. This sets the coin aside from many other low utility crypto projects.

In addition to this, Polygon is the 12th most popular coin on Coinbase and has a 70% buy rating. This highlights the bullish market sentiment towards the coin. That being said, the bearish position of current crypto markets could place a lid on the growth of the Polygon price, regardless of its high growth.

Best wallet to buy Polygon

To buy crypto, you must have a wallet to store it in. Your wallet will also act as a place where you can buy and sell crypto. There are many different wallets available, all boasting different features, prices, and ease of use.

If you are thinking of setting up a wallet to buy Polygon crypto, we recommend setting up an eToro Money crypto wallet. It is both easy to use and highly secure and offers access to over 500 crypto pairs.

How to buy Polygon crypto tutorial

After covering all the necessary information regarding Polygon, we are going to take a detailed look at how to invest in Polygon coin through eToro.

Step 1: Set up an eToro account

To set up an eToro account, you need to visit either the smartphone app or the website. At this stage, all that is required from you is some short personal details.

eToro open account page

Step 2: Verify your eToro account to add funds

Before you can add funds to your eToro account, you must verify it. To do this, you will need to provide two forms of ID. These are proof of identity and a proof of address (a drivers license and recent utility bill will do). 

Step 3: Deposit your funds

You’re ready to add funds. To do this, navigate to the ‘Add Funds’ button and select your payment methods. Payment methods include debit/credit card, bank transfer, and e-wallets such as PayPal and Skrill.

Step 4: Buy Polygon

The last step of our how to buy Polygon crypto in the UK guide is to search for Polygon. Once you have found it in the drop-down menu, click ‘Trade’. Then fill out an order form and it will be added to your wallet!


With Polygon growing at such an astonishing rate over the past few years, now could be a great time to add some to your portfolio. Offering such massive real-world usage could give the coin some great longevity too, making it a solid long-term investment.

If you are interested in the best place to buy Polygon coin, we recommend the leading social trading platform eToro. It is highly secure, easy to use, and offers users access to a wide range of popular altcoins

Buy Polygon on eToro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

This article is part of a paid partnership with Finixio on behalf of financial services company eToro.