What is Polygon (MATIC)?

Polygon is an off/side chain scaling protocol for existing blockchain platforms like Ethereum. Matic white paper states, "There are a few smart contract platforms which boast of higher transaction throughput, but they compromise on decentralisation to improve transaction speeds."" MATIC solves these complications and makes the Ethereum blockchain accessible to all. MATIC is an ERC-20 token that empowers the Polygon network, which means it is compatible with all the ERC-based tokens. MATIC is used as a payment to exchange services on the Polygon network. It works on Pos (Proof-of-stake), where each new MATIC can be derived by staking the existing ones.

How does Polygon (MATIC) work?

Polygon (MATIC) is a side-chain built on Ethereum's EVM. Also known as the Layer-2 blockchain of Ethereum, Polygon provides higher scalability to platforms like Ethereum, which are unprepared for mass adoption. Let's suppose a person wants to execute a transaction on Ethereum. In that case, he will have to pay a high fee of approximately $15 to $20. Notably, this transaction fee, also known as the Gas fee, keeps increasing according to the load on the network. These fees increase for faster execution of transactions. Whereas, the transaction fees on the Polygon network are negligible, so it is easy for DApps and other applications to operate at a meager fee.

How to buy MATIC in India?

There are many platforms where you can invest and trade MATIC in India. One such platform is Flitpay. To buy MATIC in INR, you have to sign up for the relevant application, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Through the linked bank account, deposit the amount of which you want to buy MATIC and execute the MATIC purchase.

You can instantly convert your INR to MATIC and MATIC to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

How do I convert Polygon (MATIC) to INR on Flitpay?

Buying and converting MATIC directly on Flitpay is a task of a few clicks using the Flitpay OTC platform. If you have already made a MATIC purchase on Flitpay and want it to convert into INR, all you need to do is; sell it on Flitpay, and you will receive the INR in return. If you have your MATIC holding in another exchange, you will have to deposit your crypto on Flitpay and then execute the selling process to convert MATIC into INR.

To learn; how to deposit MATIC or any other crypto from another platform, refer to the link.

You can easily withdraw your converted INR through the instant bank withdrawal service provided by Flitpay in a breeze.

FAQ

What is Polygon (MATIC)?
Polygon is an off/side chain scaling network built to overcome Ethereum obstacles like high gas fees, mass adoption and low transactions per second.

What is the MATIC price in India ?
Check out the current INR price of MATIC in India on Flitpay.

Which is the best platform to buy Polygon (MATIC) in India?
The best platform to buy Polygon (MATIC) or your favourite cryptocurrencies is Flitpay. Flitpay supports instant UPI and bank deposits and withdrawals with a minimum deposit and withdrawal limit of INR 100.

What platform to buy Matic in India?
Buy MATIC at best prices in India on flitpay.com 

Is it safe to invest in Polygon (MATIC) in India?
Yes, investing and trading in Polygon (MATIC) is Safe in India. Flitpay is one of the trusted platforms to invest in MATIC in India. It offers the most real-time prices.

Can I buy Polygon (MATIC) directly at Flitpay?
Yes, you can buy MATIC instantly at Flitpay with a minimum of INR 100