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How to Buy Polygon (MATIC) Using Trust Wallet: A Visual Guide
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In Brief
Learn how to buy Polygon (MATIC) using Trust Wallet with our step-by-step visual guide. Also discover the technological features of Polygon, as well as how to buy and sell MATIC using Trust Wallet.
If you're curious about how to buy crypto assets like Polygon (MATIC) in a straightforward manner, you've landed on the right page. In this guide, we'll walk you through purchasing Polygon using Trust Wallet, a highly secure, self-custody crypto wallet and Web3 gateway trusted by millions.
What is Trust Wallet?
Trusted by over 70 million users worldwide, Trust Wallet is more than just a simple-to-use crypto wallet—it's your open gateway to the Web3 world. Built on our core values of financial freedom, strong security, and user-friendly design, we're on a mission to build a seamless Web3 hub and open ecosystem for everyone. Buy crypto, swap tokens, stake to earn rewards, and so much more. Whether you're a beginner or an expert, Trust Wallet empowers you to fully own, control, and leverage your digital assets.
With key features like the Trust Wallet Security Scanner and support for 10+ million digital assets across 100+ blockchains, you can explore and access opportunities in Web3 with confidence. Trust Wallet is available as a mobile app on Apple iOS and Android, and also as the Trust Wallet Chrome Extension for desktops.
What is Polygon (MATIC)?
MATIC, the native token of Polygon, plays a central and multifaceted role in the platform's ecosystem. It is not just a digital currency but also a key component that underpins the functioning and governance of the Polygon network. MATIC is used to pay for transaction fees on the network, which are significantly lower compared to those on the Ethereum mainnet. This cost-efficiency is one of the primary attractions for developers and users who engage in frequent transactions.
In addition to being used for transaction fees, MATIC has a vital role in network security. As part of Polygon's Proof-of-Stake (PoS) consensus mechanism, MATIC is used for staking. Users can stake their MATIC tokens as a way to participate in the network's consensus process. By staking their tokens, users help to secure the network and, in return, receive rewards in the form of additional MATIC tokens. This staking system incentivizes the holders to contribute to network integrity and stability, thus enhancing the overall security and efficiency of the Polygon blockchain.
Moreover, MATIC tokens are instrumental in the governance of the Polygon network. Token holders have the ability to vote on various proposals and decisions, influencing the development and future direction of the platform. This democratic approach in governance ensures that the Polygon network evolves in a way that reflects the needs and opinions of its community.
Learn more about Polygon:
Before You Get Started - Create a Polygon Crypto Wallet
Before we delve into the steps for buying Polygon via Trust Wallet, you'll first need to set up a wallet if you haven't already. Trust Wallet can be downloaded as a mobile app, or you can install the Trust Wallet Extension for your desktop browser. For this guide, we'll focus on creating a new wallet using the Trust Wallet mobile app.
Step 1: Get the most updated version of Trust Wallet
Below you’ll see the steps to create a new Polygon wallet, but you could just as easily import an existing Web3 wallet to Trust Wallet, if that’s your preference.
To create a new wallet:
Download, install and then open Trust Wallet
Choose “Create a new wallet”
Choose your backup option, or you can optionally postpone the backup process by choosing “Skip”
Start using Trust Wallet
Step 2: Buy crypto using your Trust Wallet
Select the “Buy” button, from the wallet’s Home screen.
Choose Polygon (MATIC), and enter the amount you wish to purchase.
Select the third party provider & payment method you’d like to use.
Select “Buy MATIC”, and then follow the steps to complete the purchase.
Frequently Asked Questions
What are the fees to buy Polygon (MATIC) using Trust Wallet?
Fees are dynamically determined in real-time by our affiliated fiat gateway partners. We've teamed up with a variety of third-party payment services to offer you a diverse array of convenient choices. Please be aware that the fee schedule may differ depending on the payment method selected and your geographical location.
What payment methods are accepted?
Trust Wallet accommodates multiple payment options, such as credit/debit cards and bank transfers, to name a few. The specific methods available to you are subject to your location and the payment provider you opt for.
What currencies can I use to purchase Polygon (MATIC)?
Our global partners support over 100 local fiat currencies. This enables a broad range of users to purchase crypto in their native currency.
In addition to buying, can I also sell Polygon (MATIC) using Trust Wallet?
Absolutely, you can convert your Polygon to fiat currency using Trust Wallet. Our integrated third-party partners offer services that allow you to sell your crypto for cash. Here’s how to sell your Polygon using Trust Wallet.
Choose Polygon (MATIC) from your wallet’s home screen or locate it using the search bar and select it.
Choose the “More” option.
Enter the amount you want to sell.
Select the third-party provider, and then complete the remaining steps to sell your Polygon (MATIC).
When I buy Polygon (MATIC) using Trust Wallet, where is it stored?
When you buy MATIC using your Trust Wallet, it’s stored directly in your wallet. There’s no need to transfer your MATIC from one address to another or do anything else – the crypto will be stored safely and automatically.
How do I check my Polygon (MATIC) balance in Trust Wallet?
To check your MATIC balance in the Trust Wallet app, simply open the app and view your current balance from the main wallet page.
How do I check the Polygon (MATIC) price in Trust Wallet?
To check the MATIC price in the Trust Wallet app, simply open it and view the price from the main wallet page. Alternatively, you can also search for the MATIC asset and tap on the chart symbol to view more detailed information on the MATIC price.
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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.