Polygon is a powerful Ethereum scaling solution that enhances the speed and efficiency of blockchain transactions by reducing costs and improving network performance. Built to address Ethereum’s limitations, Polygon provides developers with the tools to create decentralized apps (dApps) with faster transaction times and lower fees. If you are wondering how to buy bitcoin in Canada, Netcoins is a publicly-owned, fully regulated crypto trading platform based in Canada. With 0% funding fees free cash withdrawals with e-transfers and live customer support service seven days a week, we make it simple for Canadians to buy POL and other cryptocurrencies.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email, click on the link to verify your email address.
2. Fund It
Choose your preferred funding method: bank wire transfer, interac e transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
Why Buy POL?
Polygon stands out from other major cryptocurrencies like Bitcoin and Ethereum due to its focus on scaling and improving the Ethereum network rather than replacing it. Unlike decentralized cryptocurrencies aiming to become global currencies, Polygon is built to enhance Ethereum’s infrastructure by enabling faster, more cost-efficient transactions. It’s designed to solve Ethereum’s scalability issues, allowing developers to create decentralized applications (dApps) that can handle a higher volume of transactions at lower fees.
Polygon can process thousands of transactions per second, a significant improvement over Ethereum’s current limitations. With transaction confirmations taking just a few seconds and minimal fees, Polygon is helping to drive broader adoption of Ethereum-based dApps and DeFi projects. If you're looking for a solution that aims to enhance the Ethereum ecosystem, Polygon offers an attractive investment option.
How Much POL Can I Buy?
You don’t need to buy a lot of POL to get started! Our minimum purchase amount is 40 POL. Enabling anyone to gain exposure no matter how many dollars they have to invest.
Things To Consider Before Investing In Polygon
Like any cryptocurrency, investing in Polygon comes with risks and potential rewards. Polygon’s price can be highly volatile, meaning it can deliver significant gains or substantial losses depending on market movements. Because of this volatility, it's crucial to only invest what you can afford to lose and understand the risks involved.
For many investors, Polygon is seen as a valuable opportunity to support the growing need for Ethereum scaling solutions, especially as decentralized finance (DeFi) and decentralized applications (dApps) continue to expand. However, it's important to remember that Polygon operates as a layer-2 solution built on Ethereum. Its success is tied to Ethereum’s ecosystem, which introduces dependency on Ethereum’s network stability and upgrades. Additionally, while Polygon improves transaction speed and reduces fees, it still faces competition from other Ethereum scaling solutions. Keep these factors in mind when deciding if Polygon is the right investment for you.
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FAQs
Why is KYC (Verification) required?
Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy POL in Canada.