December 6, 2022

How to Buy Polygon in the Philippines

Investors want to diversify their platform with many different cryptocurrencies, but this can be hard if they are not in a certain country. However, there is always a way for people to be a part of the cryptocurrency market. There are many ways to buy Polygon while in the Philippines. Luckily, this post has been made to help investors find the right exchange platform for their cryptocurrency needs.

The following list contains some of the best exchange platforms that can be accessed in the Philippines so that investors can buy Polygon.

Changelly

Coming out of Hong Kong, Changelly has been making a difference since 2015. Many people have benefited from the multiple features and capabilities that this program offers. However, the program does not accept fiat currency, so the investor will need to buy another cryptocurrency to then purchase Polygon with.

How to Buy Polygon Using Changelly

There are only a few steps that need to be taken for people to buy Polygon with Changelly.

Step 1 – Go to the Website

The investor will need to go to the website and click the ‘Sign Up’ button. Afterward, they will need to fill out the registration page with their full name, email address, and the country they’re from. After submitting this information, the investor will receive a verification email.

Step 2 – Verification

When the verification email arrives, there will be a link that the investor needs to click on to be taken back to the website. This is where they will need to make a password and complete the verification process.

Step 3 – Made a Deposit

The investor will be able to deposit into their account by clicking on ‘Wallet’ and then selecting ‘Deposit.’ They will need to click on ‘Buy Crypto’ and purchase the amount of crypto they need to buy Polygon with their bank card.

Step 4 – Buy Polygon

Once the purchase of the cryptocurrency has gone into the account, the user will be able to purchase Polygon from the system. They need to search for it in the search bar, and it will come up.

Changelly Pros

  • The platform is user-friendly, which is perfect for experienced and new traders.
  • When it comes to fees, Changelly has a lower price compared to other cryptocurrency platforms.

Changelly Cons

  • Other programs have better transaction rates.
  • It is not ideal for those who like using their fiat currency.

Coinbase

Coinbase is one of the largest cryptocurrency exchange platforms out there, and it is available in the Philippines.

How to Buy Polygon Using Coinbase

Setting up a Coinbase account is very easy and can be completed within a few minutes.

Step 1 – Create an Account

First, the investor will need to create an account. This can be done on either the website or the app. They will need to click on ‘Get Started.’ Then, they will need to provide the program with their full name, email address, password, and where they live.

Step 2 – Verification

A verification email will be sent, and when it arrives, the investor will need to click on it and be taken back to the website. Coinbase will then prompt them to add their phone number so that a verification text can be sent. When they have received this text, they need to input this code.

Step 3 – Personal Information

After the investor has completed their verification process, they will need to add their personal information and upload a piece of photo ID.

There will be another email sent to the investor’s email. When this email has come through, their account is fully ready to go.

Step 4 – Link Payment Method

Coinbase only allows people from the Philippines to use their debit cards to make payments. This means that investors will not need to pre-fund their account to purchase any crypto. To add a debit card, they need to go to the ‘Payment Methods Page’ and click ‘Debit Card.’ Afterward, the user will need to add their card details to be able to purchase Polygon.

Step 5 – Buy Polygon

Once the debit card has been added, the investor will be able to search for Polygon on the website or the app. They will need to either put in Polygon or MATIC to come up. To buy Polygon, they will need to decide how much money they want to spend on the crypto, and then, the equivalent amount of crypto will be given to them.

Coinbase Pros

  • There are almost 100 cryptocurrencies available to choose from.
  • All cryptocurrencies are insured in case the website is hacked.

Coinbase Cons

  • It does have higher fees compared to other cryptocurrency exchanges.

Binance

Binance is one of the largest cryptocurrency exchange programs in the world. It came out of Hong Kong, but it recently moved to Malta. Also, people can now trade Binance’s coins for other cryptos.

How to Buy Polygon Using Binance

Registering with Binance to purchase Polygon is not very hard to do, but it can be taxing for those who are not a citizen of the Philippines. This is because of the strict registration policies that Binance has.

Step 1 – Register

The investor will need to either go to the website or the app to register for an account. They will need to input their email address, password, and referral ID if they have one. Once this is completed, they will receive a verification email. Alternatively, they can also sign up with a phone number instead.

Step 2 – Verification

The investor will need to slide over a puzzle piece to have the verification email or text sent to finish the picture. Then, they will have 30 minutes to input the code into the website or app to complete the verification process.

Afterward, Binance will want to know where the investor lives, so they must upload a passport and a photo ID to match. However, this can be difficult for immigrants who have a different passport from their photo ID.

Step 3 – Deposit Funds

Once the verification process is completed, the investor will be able to deposit their money. Binance has many payment options to deposit funds into their account easily.

Step 4 – Buy Polygon

The investor will then need to search for Polygon or MATIC on the app or website to make a purchase. They will be able to either buy the coin when another user is selling theirs at a specific price, or they can buy one right away.

Binance Pros

  • The non-instant and instant buy fees are low.
  • There is a huge selection of cryptocurrencies.
  • Multiple services are available.

Binance Cons

  • Verification can be tricky and time-consuming.
  • The corporate structure is not transparent.

Kraken

Kraken has been around since 2011 and is based in San Francisco. It has helped millions of investors get the cryptocurrency that they want. This is also because the company does allow people to may in many different fiat currencies.

How to Buy Polygon Using Kraken

Users can buy Polygon with Kraken after completing just a few steps.

Step 1 – Sign Up

First, the investor will need to sign up for an account on the website. They will need to provide the company with their email address, username, and password.

Step 2 – Verification

Afterward, an email will be sent with a verification link. The investor will need to click on the link and then finish the verification process on the website. They will also need to decide whether they want a Starter, Express, Intermediate, or Pro account. Each account comes with its verification process and access to different features.

Step 3 – Add Funds

Once the verification process is complete, the investor will need to add their form of payment. However, Kraken does allow multiple different payment methods, and they are catered to where the investor lives.

Step 4 – Purchase

After the funds have been added to the account, purchasing Polygon can begin! It is easy to use the program; that is why so many people have used Kraken for many years.

Kraken Pros

  • The non-instant buy fees are low.
  • A large product selection.

Kraken Cons

  • The instant buy fees are high.
  • There could be more educational materials.
  • Withdrawal fees are applied.

EXMO

The last platform that people can use in the Philippines is EXMO. This is an exchange platform that most advanced traders use because of its functionality and features.

How to Buy Polygon Using EXMO

Step 1 – Sign Up

First, the investor will need to create an account on the website. This can be done by filling in the form with basic information like their username, password, telephone number, and email address. After this is done, they will receive a verification number on their phone.

Also, a verification code will be sent to their email that they will need to put into the website to activate their account.

Step 2 – Verification

The investor will need to verify their account in this step. They will need photographic evidence that proves the investor’s place of residence. EXMO also wants a picture of the investor’s bank card with their passport picture.

Step 3 – Buy Polygon

After the verification process has been completed, the investor will need to deposit their funds into their account. This can be done on the website under ‘Deposit Funds.’ Once the money is in the account, they can search for Polygon and purchase the cryptocurrency.

EXMO Pros

  • There is 24/7 customer support.
  • There are multiple payment options, like bank transfers and cryptocurrencies.
  • It supports 182 cryptocurrencies.

EXMO Cons

  • Withdrawals and deposits can be slow at times.
  • The deposit fees may be higher compared to others.
  • If margin trading is what you’re looking for, then you will be disappointed.

Conclusion

Many investors want to diversify their portfolios, but they may worry that they can’t buy certain cryptocurrencies depending on their country. Luckily, many exchange platforms allow people from the Philippines to purchase cryptocurrency. If Polygon is what is desired, then it can be purchased on any of the platforms that have been mentioned in this post.