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Matic Network (MATIC) is a cryptocurrency project focused on Layer 2 scaling solutions. What stands out the most about MATIC is its support by popular cryptocurrency exchanges like Binance and Coinbase. Possessing technology that significantly scales decentralized applications for Ethereum developers, MATIC Coin has quickly gained considerable popularity.
So, what exactly is Matic Network Coin and how does it work?
What is Matic Network (MATIC)?
Matic network, having a Proof-of-Stake consensus mechanism, is much more scalable compared to the Proof-of-Work based Ethereum network. This enables developers to develop their applications using Matic technology and network. Matic Network Coin, which has already attracted over 50 decentralized applications to its network, serves as the primary cryptocurrency for those wishing to transact on the network.
This leads to the continuous use of MATIC and an increase in its volume as new projects are developed. An important part of the Ethereum ecosystem, MATIC ranks as the 109th largest cryptocurrency in terms of total market value. MATIC, launched through a Binance IEO, can also be purchased on Binance. Binance
Where to Buy MATIC Coin?
How exactly is MATIC Coin bought? Binance emerges as the most popular platform for users in this regard. The liquidity and security offered by Binance also influence investors’ choice.
- To buy MATIC Coin, you first need to deposit USD balance into the exchange or purchase a cryptocurrency that can be used instead. For this, first go to the Binance homepage, click on the “Buy Crypto” option in the top left, and then select the “Credit/Bank Card” tab.
- In the opened tab, select how much USD you want to transact with, and then mark Tether, i.e., USDT, in the Coin section.
- After purchasing USDT, preview the “Buy-Sell” option in the top left again and click on the “Classic” tab.
- In the opened section, select the USDT tab from the top right, type MATIC in the search button, and choose the opened MATIC/USDT pair below.
- Then, go to the “BUY MATIC” tab in the middle, enter the amount you want to buy.
- Enter the amount you want and complete the MATIC Coin purchase process by confirming the transaction.
