Polygon price and where to buy POL

What is Polygon?

Polygon is a set of networks built to make Ethereum-style transactions cheaper, the best known being the Polygon PoS chain. POL is its token: it pays transaction fees on that chain and is staked by validators. POL replaced the older MATIC token, which holders could upgrade one for one.

How to buy Polygon, step by step

1. Pick an exchange. POL is listed on every exchange we track. Compare fees, funding options and whether it serves your country in our exchange reviews.
2. Create and verify your account. Regulated exchanges ask for identity documents before you can deposit fiat.
3. Fund the account. A bank transfer or a stablecoin deposit usually costs far less than a card payment.
4. Buy POL. Use the POL/USDT or POL/USD market, and check the cheapest venue in the table above first.
5. Decide where to keep it. On the exchange is simplest, but the exchange then holds your coins. POL exists on Polygon and on Ethereum; choose the network your wallet expects. If you still hold MATIC, it can be upgraded to POL one for one.

Where to buy Polygon at the best price

The cheapest venue right now is marked in the table above. Add its trading fee before comparing: on POL the venues disagree by about 0.096 percent on average, so on a small purchase the fee and the funding method usually matter more.

• The price on that venue. Each row shows the gap to our composite.
• The trading fee. Our fee comparison lists spot fees side by side.
• How you fund the account. A bank transfer or stablecoin deposit is usually far cheaper than a card payment, which often costs several percent.

Why the Polygon price differs between exchanges

In our minute-by-minute measurement the gap between the highest and lowest venue averaged about 0.096 percent, against about 0.025 percent for Bitcoin. It went above half a percent in about five minutes out of every thousand, and reached about 1.0 percent at its widest.

Just over half of the POL spot volume we track trades on a single venue. The spread figure at the top of this page is the live measurement; our guide on why crypto prices differ between exchanges explains the mechanism.

What moves the Polygon price

The wider crypto market, and in POL’s case its own news too. In our hourly composite, POL moved with Bitcoin at a correlation of about 0.52, where 1 would mean identical moves, and its moves were more than twice the size of Bitcoin’s.

Polygon-specific drivers come on top: network activity, staking and leverage. The funding rates on this page show whether leveraged traders are paying to be long or short right now.

Pros and cons of Polygon

Pros

• The token of one of the most used Ethereum scaling networks.
• Pays fees and staking on Polygon PoS.
• Listed on every exchange we track.

Cons

• Its hourly moves were more than twice Bitcoin’s in our data.
• The switch from MATIC to POL means older guides and prices can refer to the old token.
• Its price gap between exchanges is almost four times Bitcoin’s.

The POL to USD converter applies the live price to any amount.