Polygon (MATIC) is a promising cryptocurrency that has gained significant popularity among investors due to its unique features and strong growth potential. If you’re looking to buy MATIC, NDAX is one of the most trusted and reliable crypto exchanges in Canada.
In this guide, I’ll walk you through the process of buying MATIC on NDAX in 3 simple steps.
Step 1: Sign up for an NDAX Account: What Is NDAX? NDAX is a leading Canadian crypto exchange that provides access to over 30 coins and tokens, including popular cryptocurrencies like BTC, ETH, ADA, AVAX, DOGE, LINK, DOT, and more.
It stands out from other exchanges due to its low trading fees of 0.2%, instant ID verification, free deposits, and multiple funding methods. NDAX prioritizes the security of its users’ funds, storing them in an offline, multi-signature wallet.
The platform caters to both beginner and advanced traders, with free Interac e-Transfer and crypto deposits and transparent fees, including variable withdrawal fees.
Don’t have an NDAX account? Click here to open an account.
Fill in the required details, including your name, email address, and password. After that, you’ll receive a verification email from NDAX to confirm your account.
Complete the verification process by uploading a photo of your government-issued ID and a selfie of yourself holding the ID. This process usually takes a few minutes to complete.
Step 2: Deposit Funds into your NDAX Account: Now that your account is set up, you need to deposit funds into your account to start trading. NDAX offers a variety of deposit options, including bank transfer and Interac e-transfer. The simplest way to fund your NDAX wallet is via Interac e-Transfer. Your funds should be available in your NDAX account within 0 – 30 minutes.
Step 3: Buy Cosmos (ATOM): Once your account is funded, you can start buying MATIC on NDAX.
Congratulations, you’ve just bought MATIC on NDAX!
Your MATIC will be credited to your NDAX account immediately. You can choose to hold it in your NDAX wallet or withdraw it to your personal wallet.
Next, you need to transfer your Polygon MATIC coins to a cold hardware wallet like a Ledger wallet. It’s important to never leave your crypto on any exchnage to prevent the loss of your coins due to hacks, thefts, cyber crimes, bank runs and malicious threats.
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Hello, I’m Blooming Umoren: your money coach. I enjoy teaching & speaking about crypto and stock investing as pillars for creating and building long term multi-generational wealth.
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