How to buy Polygon with NGN in Nigeria

If you want to buy Polygon but don`t know how to start, you`ve come to the right place.

Here you will find our easy-to-follow step-by-step guide on how to buy Polygon in Nigeria with NGN.

MATIC / NGN exchange rate for today

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Table of Contents

The Benefits of Polygon

  • Polygon has exploded as a Decentralized Finance haven free of the high fees seen in other platforms.
  • Polygon uses a proof of stake consensus model. In other words, validators lock their tokens on the chain and earn rewards for verifying transactions.
  • Polygon is built to address Ethereum’s current significant difficulties, including excessive fees, a bad user experience, and insufficient transaction throughput.

Polygon price chart (MATIC / NGN)

Step 1: Register with a cryptocurrency exchange

To participate in the world of crypto-trading, you first need to sign up with a cryptocurrency exchange. These platforms are where you can buy, sell, and hold cryptocurrency.

There are plenty of cryptocurrency scams out there, so be sure to buy and sell on a reputable exchange.

Binance is one of the best places to buy Polygon, especially if you live in the Nigeria. Registration is quick and simple, and the MATIC is very easy to buy with NGN.

Why is Binance the best?

  • Low transactions fees of 0.1% and below
  • 25% on trading fees paid with the BNB token
  • Binance is available all over the world
  • Supports a wide selection of over 500+ crypto assets
  • Over 50+ fiat currencies supported
  • Binance staking allows users to earn rewards on their crypto holdings
  • More trading options, including spot trading, margin trading, P2P, and futures trading
  • NFT marketplace to buy and sell NFTs
  • Different trading interfaces to accommodate every users’ trading experience
  • The Binance mobile app enables users to access their accounts and trade on the go
  • Binance Visa Card to spend your crypto hassle-free
  • The Binance Trust Wallet supports 53 blockchains and 1M+ assets.

Unfortunately, Binance is not available in the United States, and Americans can only trade on Binance.US, a Binance version that’s compatible with U.S. regulation.

How to Register on Binance

Firstly, click on the button below to register with Binance, it’s free and easy

Sign up on Binance

To get started, just enter your email address, create a password for your account and click [Create Account].

Your password should be a combination of numbers and letters. It should contain at least 8 characters, 1 upper case letter and 1 number for security.

For security verification, drag the puzzle piece to the right until it fits into its slot.

A 6-digit code will be sent to you via email. Enter it in the next screen.

Finally, you will reach the Welcome to Binance screen. This screen will outline some of the core features.

Step 2: Verify Your Account

Verification is a process used by exchanges to establish the identity of customers. It is necessary for any kind of financial transaction, especially those with higher levels of security or legitimacy. Any user who wants to trade crypto on exchanges must go through verification.

For new users, you may click [Get verified] on the homepage directly.

Click [Start Now] to verify your account.

Select your country (In your case Nigeria) of residence. You will then see the list of verification requirements for your country. Click [Continue].

Enter your personal information and click [Continue].

Next, you will need to upload pictures of your ID documents. Most users can choose to verify with a passport, ID card, or driver’s license.

After uploading the document photos, the system will ask for a selfie. Click [Upload File] to upload an existing photo from your computer.

After that, the system will ask you to complete face verification. Click [Continue] to finish face verification on your computer.

After you complete the process, please wait for Binance to review your data promptly. Once your application has been verified, Binance will send you an email notification.

Cryptocurrencies and blockchain continue to be favored targets for criminal activity. The ability to make anonymous transactions can allow criminals to engage in financial transactions with more impunity. KYC protocols and identity verification is an essential element for policing the market and protecting crypto investors from theft.

Step 3: Fund Your Account and buy Polygon

To invest in Polygon, you’ll need to deposit some money into your account.

Log in to your account, head over to the “Buy Crypto” section on the Binance toolbar, and choose the “Credit/Debit Card” option.

Select Polygon and enter your order amount. The total price with fees will be calculated in the second bar.

After that, you will be prompted to enter your card details and after confirmation, you will finally buy your first Polygon. Usually, it will take between 10 and 30 minutes for the crypto to appear in your Binance account.

How to Save 40% on Fees When Buying Polygon

One way you can lower your trading fee is by keeping some Binance Coin in your account at all times so your fees can be taken from that. Doing this gets you 25% off all trading fees.

Also, don`t forget to use our unique registration link and get a 15% discount on fees on Binance.

In total, you get a 40% discount on all transaction fees!

Alternative ways to buy Polygon

If you were unable to buy Polygon on the exchange using NGN, you can buy it using another cryptocurrency, such as Bitcoin. You can always buy BTC for the first time using platforms such as LocalBitcoins, then transfer your BTC to a Binance to buy Polygon. In this case, you can further reduce costs.

Below are a few of the sellers in the Nigeria who sell bitcoins with NGN.

SellerPayment method Information
KenanWeitzNATIONAL_BANK
HarkintemNATIONAL_BANKTHIS TRADE IS FOR THOSE WHO WANT TO BUY BITCOINS FROM ME. Dont open trade if you ainr ready. NOTE PLS * No Paga, Quickteller Payments. No Third Party payments. No payment from a stolen account. * I receive payment to my company and personal account . So don't panic when i give you another account to pay into. It's still me and your coin will be released once payment is confirmed * I will provide you my full bank details immediately you open trade * Make sure you are paying from account that bears the same name with that of your profile unless you have ID card of senders Account * If i don't respond within 5 Minutes, Contact me: (call/Whatsapp) 08066500290 * Above all dont use bitcoin or any form of cryptocurrency as your reference while making payment Happy trading ❤️
MrMickoNATIONAL_BANK4THIS TRADE IS FOR THOSE WHO WANT TO BUY BITCOINS FROM ME!! OPEN TRADE ONLY IF YOU CAN MAKE PAYMENT WITHIN 30 MINUTES. IMPORTANT: Only Internet Banking Transfers, Mobile Banking App and USSD code transfer with the same name as the one on your LocalBitcoin.com profile is acceptable. No Paga, Quickteller Payments. No Third Party payments. No payment from a stolen account. Don't START Trade if you're not ready to PAY Quick. If you Start Trade with the Intention of Canceling - Block and Negative feedback awaits you for wasting my time. I receive payment to my company and personal account . So don't panic when i give you another account to pay into. It's still me and your coin will be released once payment is confirmed. Due to several of my Bank accounts being blocked, Police cases and Pending court cases of fraudulent payments made by people with relatively new Localbitcoins accounts - I Will have to review Your Profile and decide if you're trusted on this site by others or not. Create Trade, but I reserve the right to refuse to provide my account details if your profile does not have enough name verifications, Feedbacks or Trade volume. Please try understand and hope to trade with you in the future. Don't pay using the account given to you in our previous trade, wait for me to give you an account in new trade. Some account are having issue, if you pay into them, you are on your own. I have zero-tolerance for fraud. We would report all fraudulent transactions to EFCC. If i don't respond within 5 Minutes, Contact me: (call/Whatsapp) 08188733666
Waz2menNATIONAL_BANKAccount number would be dropped in chat. Do not write crypto or bitcoin on the reference please. Coin would be released only after payment confirmation. Name must be the same.
TosinbitCASH_DEPOSITHi, 3RD Party payment is highly forbidden. Make payment from Bank account your name will show in my history. No Paga, Quickteller Payments. No Third Party payments. No ATM transfer No payment from a stolen account. Call me on TG if I do not release in 5minutes

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Joseph Smith

CEO CoinStudy.io