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How to buy Polygon With PayPal

If you’re looking to invest in Polygon tokens, it’s not that hard to find a crypto market that offers these digital assets. However, many marketplaces come with high fees and other expenses that can add up to a hefty sum if you’re not careful. 

Most popular crypto exchanges allow you to load your accounts using various payment methods. Today, we’re going to talk about the benefits of adding funds to your account through PayPal and why you should do so. Let’s jump right into the details. 

 >>>Find Polygon on eToro<<<

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

 

How to buy Polygon With PayPal – Quick Steps

 

We’ll explain this process in more detail below, but if you’re looking for a quick overview of how to buy Polygon with PayPal, here it is. We recommend buying your Polygon tokens on eToro, as it’s the best platform for beginners.

 >>>Find Polygon on eToro<<<

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

 

  1. Create an eToro account – Open your browser and go to the official eToro website. Next, click the ‘Join Now’ button in the top-right corner and enter the requested information. Next, select a username and password and move on to the next step.
  2. Verify your account – The platform will ask you to provide proof of ID and address. Upload a photo of your passport, ID, driver’s license, and bank statement. 
  3. Make a deposit using PayPal – After you’ve verified your account, you can add funds to buy Polygon or other cryptos. Click on the “Deposit Funds” option and select PayPal from the menu. Follow the instructions and load your account.
  4. Buy Polygon – Type Polygon in the search bar and click ‘Trade.’ The minimum investment is $10. Click ‘ Open Trade ‘ to complete the purchase once you’ve selected how much money you wish to invest.

 >>>Find Polygon on eToro<<<

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

 

What is Polygon?

 

Polygon is a revolutionary digital asset featuring a layer-2 protocol designed to improve the efficiency of the Ethereum network it’s built on. As you may already know, Ethereum is the 2nd most popular digital currency, and as such, its network is under a substantial daily load. The layer-2 protocol Polygon is known for can increase networking speeds and reduce the load.

The currency shares the same protocol as Ethereum, but it’s not directly connected to the main network. Instead, it’s a sidechain, which is becoming more and more popular due to the congestion of the primary networks. Even though these sidechains share the same features as the main network, they can improve performance. 

Polygon was known as the Matic Network until 2021, when it changed its name. However, the MATIC token is still used as the native token of the protocol, and all holders became validators and delegators of the network. In addition, the platform uses the proof of stake or POS mechanism to boost transaction speeds. As a result, Polygon has a much more efficient output than Ethereum. Moreover, the POS model has become the golden standard in blockchain technology due to its outstanding security features and speed.

The people behind this cryptocurrency have put their heads together to create the Layer 2 solution that reimagined the existing protocol by introducing a new infrastructure that fuses multiple protocols without slowing down transactions or risking security breaches. 

 >>>Find Polygon on eToro<<<

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

 

Why Buy Polygon with PayPal?

 

You can purchase Polygon tokens through bank account transfers, debit/credit cards, direct payments, and, of course, PayPal. But why would you use PayPal to buy digital currencies, you might ask?

Well, the answer is simple. If you want to purchase your cryptos on eToro, loading your account with PayPal will give you some significant advantages over other payment options. Here’s a quick overview of the benefits you will get when placing deposits through PayPal.

 

1. Fast Transfers

 

Crypto markets are highly volatile. The value of digital assets such as cryptos, NFTs, and others experience price changes almost every second. So if you want to make it as a crypto trader, you will have to watch the current prices to buy and sell your assets at the best prices. 

Many popular blockchain networks, such as Ethereum, and Bitcoin, are overcrowded, and the vast number of transactions makes it hard to buy and sell your assets quickly. For example, let’s say that you see a great offer, but you have to load your eToro account with bank transfers. The money will probably go through tomorrow, so you’ll miss your chance to get the lowest price. 

PayPal transfers, on the other hand, go through instantly. That way, you can buy cryptos or withdraw your money immediately instead of waiting for hours to be able to make a move. 

 

2. High-end Security

 

Security should always be your primary concern when trading crypto assets. When compared to other payment options, PayPal offers much better security features. PayPal is the most popular online payment platform globally, and as such, it’s got millions of daily users. It wouldn’t be nearly as popular without the state-of-the-art security features that prevent hackers from stealing your money.

Apart from having the latest encryption protection, PayPal also has a two-step login process that requires users to enter a code they receive on their mobile phones. Therefore, PayPal transfers are much safer than any other available option. 

 

3. Excellent Mobile App

 

PayPal also has an app version of their platform that allows you to make money transfers and load your crypto accounts on the go. That way, you can always purchase your cryptos at the best prices, no matter where you are. As long as you have a smartphone and access to the internet, this app will make your life much easier.

The app is easy to use, and you can link it directly to your eToro account to be able to deposit funds in seconds. Once you try loading your account using this app, you won’t even think about going back to other payment options. 

 

4. Direct Access to International Vendors

 

Most popular crypto exchanges, including Crypto.com, Binance, and eToro, support PayPal payments. PayPal is also the best option for making peer-to-peer crypto exchanges. It helps you save money by eliminating the ‘middleman.’ With no third parties involved, you won’t have to pay expensive transaction fees and other hidden expenses you would have to cover using any other payment option.

 

5. Multiple Currency Support

 

PayPal supports over 25 real-world currencies. That makes it easy to exchange, let’s say, Euros to US dollars or any other supported currency. The entire process requires only one click, and it can make your life a lot easier when you have to make quick deposits. 

 >>>Find Polygon on eToro<<<

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

Where To Buy Polygon with PayPal?

 

Even though PayPal is supported on multiple popular crypto exchanges, it’s not as widespread as other payment options. We decided to review the top 3 options available at the moment to help you get started on the right foot. Here are the platforms where you can make deposits using PayPal:

 

  1. eToro – The Best Crypto Exchange Overall
  2. Webull – Top Polygon Broker With Low Fees
  3. Binance – The Largest Crypto Exchange In The World

 >>>Find Polygon on eToro<<<

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

 

1. eToro – The Best Crypto Exchange Overall

 

eToro is the most-regulated crypto exchange in the world. It’s overseen by multiple governments and regulatory bodies, including the FCA, FinCEN, FINRA, etc. It has over 25 million active users and the lowest fees for PayPal transfers. 

You can join eToro in minutes and start trading your cryptos after making the minimum deposit of only 10 USD. The platform has exceptional security features, extremely low prices, and super-helpful customer support.

 >>>Find Polygon on eToro<<<

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

 

2. Webull – Top Polygon Broker With Low Fees

 

Webull is not among the largest crypto exchanges, but it’s still worth considering since multiple bodies also regulate it. Moreover, Webull active users don’t have to pay any commission fees when making payments. The platform supports only 25 digital assets, and it comes with an app that makes trading them much easier. In addition, active users get access to helpful information, including future price predictions, pricing charts, extra reading materials, etc. 

 >>>Visit Webull<<<

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

 

3. Binance – The Largest Crypto Exchange In The World

 

Binance is the largest crypto exchange in the world. It offers users access to over 500 digital assets and other markets,  such as stocks, futures, and many others. Each transaction will cost you 0.1%, which is a fair price considering everything you get in return.

Users get access to mountains of useful material designed to help them become better at trading cryptocurrencies and other digital assets. You’ll find Polygon tokens in the offer and most other digital assets. 

 >>>Visit Binance<<<

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

 

How to Buy Polygon with PayPal on eToro – Step by Step Guide

Here is a detailed overview of the steps you have to take when creating an eToro account and loading it with money using PayPal. You can complete the process in a few minutes and start trading your first cryptos right away.

Step 1: Create an account on eToro

 

Open the official eToro website on your device and click on the ‘Sign Up’ button in the top-right corner.

Enter the required information that includes your phone number, email address, name, address, password, etc.

You can also use your Facebook or Google accounts to speed up the process. 

 

Step 2: KYC and Verification

 

Once you’ve provided all essential information, you will also have to provide proof of identity by uploading a photo of your driver’s license, passport, or ID. You have to complete this step, or you won’t be able to start using the platform.

 

Step 3: Deposit funds directly through PayPal

 

After your ID has been verified, you can make your first deposit. You will see that there are multiple options for making deposits, so browse through the menu and select PayPal. Next, choose the amount of money you want to deposit, and it will appear in your eToro wallet. 

 

Step 4: Buy Polygon

 

You can now buy Polygon tokens from the offer. Type ‘Polygon’ into the search bar and input the amount of money you want to invest. Complete the purchase by clicking ‘Open Trade,” and your Polygon tokens will appear in your eToro wallet.  

 >>>Find Polygon on eToro<<<

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

 

How To Buy Polygon with PayPal – Conclusion

 

We’ve covered all the essentials trying to answer the question of how to buy Polygon with PayPal. We’ve covered the best marketplaces that accept PayPal transactions and have Polygon tokens in their offer. 

If you’re new to crypto trading, we recommend starting your career on eToro, as it’s the safest, most regulated crypto exchange on the planet. Moreover, the platform has zero fees for PayPal transactions and allows you to make fast transactions by linking to your PayPal account. So with a bit of practice and some luck, you can secure a safer future for yourself and your family.

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