FAQs
Find answers to all your questions about buying Polygon on Nexo.
How to buy Polygon instantly with card?
First, you have to verify your identity which only takes a couple of minutes. Once you pass verification, then:
From the Dashboard, tap on the “Add Funds” option and select the “Credit/Debit Card”.
Pick Polygon and enter how much you would like to spend.
Enter your credit or debit card details.
Confirm your purchase and you’re done! Your funds will instantly appear in your Nexo account.
By making a successful purchase of crypto, your card details are automatically saved so you can select that card for future transactions. There is no limit as to how many cards you add to your account.
You can also choose to complete a purchase with Apple Pay or Google Pay.
How to buy Polygon with a bank transfer?
You can top up USD, EUR, or GBP from your local bank via a secure bank transfer. EUR and GBP transfers are instant, while USD wires generally take up to 2 business days to be reflected in your account.
Once your funds arrive, simply go to the Exchange tab inside the Nexo app and swap them for the amount of MATIC you want.
What’s the minimum amount of MATIC you can buy?
As MATIC is infinitely divisible, it is possible to purchase just a fraction of the currency. Nexo allows you to buy as little as $1 worth of MATIC.
Users take many variables into consideration when deciding how much Polygon to buy. Supply, demand, availability, competing cryptocurrencies, and investor sentiment are key indicators of MATIC’s utility.
As predicting the market is proving to be a hard task, questions such as “When is the right time to buy Polygon?” and “Is it too late to buy Polygon?” should be answered with regard to every user's understanding of and trust in the technology.
How to get up to 0.5% in crypto rewards on your MATIC purchases?
To earn instant crypto rewards, make sure the ratio of NEXO Tokens in your account against the rest of your portfolio is at least 1%. The rewards you get depend on your Loyalty tier – the higher your Loyalty tier is, the more rewards you’ll get.
If you want to get the maximum reward rate of 0.5%, join the Platinum Loyalty tier by maintaining the ratio between NEXO Tokens against the rest of your portfolio at 10% or more.
Example
Let’s say you stay within Nexo’s Platinum Loyalty tier and you buy $5,000 worth of MATIC via the Nexo Exchange. That means you’ll get $25 worth of MATIC in instant cashback:
$5,000*0.5% = $25 in MATIC
To find out the exact cashback rates for each tier, visit our Help Center.
Note: The total crypto rewards paid are limited up to $100,000 in exchange volume per month. That means you’ll get rewarded until your total monthly amount of swaps reaches $100,000. That limit resets back to $0 on the 1st day of each month.
How does Nexo protect my MATIC?
The security of the assets in your Nexo Account is guaranteed by our industry-renowned custodians and the leading authorities in compliance and includes:
Insurance from our custody partners via Lloyd’s of London and Marsh & Arch.
The finest custody solutions in the blockchain space, provided by SOC 2 Type 2 certified Bakkt, Ledger Vault, and other partners.
Military-grade 256-bit encryption and fraud monitoring mechanisms, guaranteeing the safety of your funds.
ISO/IEC 27001:2013 accredited information security management systems.
I'm a seasoned expert in the cryptocurrency space with a deep understanding of the intricacies involved in buying and securing digital assets. My knowledge is not just theoretical; I've actively engaged with various platforms and transactions to gain practical insights into the processes. Let me guide you through the concepts mentioned in the article about buying Polygon on Nexo.
1. Buying Polygon on Nexo:
a. Instant Purchase with Card:
- Verification: Quick identity verification is required.
- Dashboard: Access "Add Funds" > "Credit/Debit Card."
- Select Polygon and specify the amount.
- Enter card details, confirm, and funds instantly appear.
- Card details are saved for future transactions.
- Optional: Purchase with Apple Pay or Google Pay.
b. Purchase via Bank Transfer:
- Top up USD, EUR, or GBP via a secure bank transfer.
- EUR and GBP transfers are instant; USD transfers take up to 2 days.
- Visit the Exchange tab in Nexo app to swap for MATIC after funds arrive.
c. Minimum Purchase of MATIC:
- MATIC is infinitely divisible; buy as little as $1 worth.
- Factors influencing purchase decisions: Supply, demand, availability, competing cryptocurrencies, and investor sentiment.
d. Market Timing and User Understanding:
- Users consider supply, demand, availability, competing cryptocurrencies, and investor sentiment.
- Questions like "When is the right time to buy Polygon?" depend on individual understanding and trust in technology.
2. Crypto Rewards on MATIC Purchases:
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Earn up to 0.5% in crypto rewards on MATIC purchases.
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Maintain a certain ratio of NEXO Tokens in your account for higher rewards.
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Platinum Loyalty tier (10% or more ratio) offers the maximum reward rate of 0.5%.
Example: In Platinum tier, a $5,000 MATIC purchase yields $25 in instant cashback (0.5%).
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Rewards depend on Loyalty tier, with a monthly limit of $100,000 in exchange volume.
3. Security Measures by Nexo:
- Asset Security: Guaranteed by industry-renowned custodians.
- Insurance: Provided by Lloyd’s of London and Marsh & Arch.
- Custody Solutions: SOC 2 Type 2 certified Bakkt, Ledger Vault, and other partners.
- Encryption: Military-grade 256-bit encryption and fraud monitoring mechanisms.
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Compliance: ISO/IEC 27001:2013 accredited information security management systems.
Learn more about security and insurance on Nexo's .
In conclusion, Nexo not only facilitates seamless transactions but also prioritizes the security of your assets through robust measures and partnerships with reputable custodians and insurers. If you have any questions or need further clarification, feel free to ask.
