Polygon (prev. MATIC)

Buying POL on Rain can be done in a few simple steps:

1. Make sure you have funds in your fiat account or your card is added in the payment methods section.
2. Select the cryptocurrency you want to buy from the home or portfolio page.
3. Click Trade and choose Buy.
4. Enter the amount you wish to buy in your preferred fiat currency.
5. Select your payment method, either by selecting your card or using the funds in your fiat account.
6. Click Next to review your transaction details.
7. Click Buy Now to complete the purchase.

POL will be added to your wallet once the transaction is executed. At Rain, we use cold storage to keep the majority of our customers’ assets offline.

Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides our customers with a regulated framework for trading digital assets in the region.

Before buying POL, it’s important to understand the associated risks:

• Competitive risks: the currency faces numerous competitors from among Layer 2 currencies.

• Governance and regulatory risks: the currency’s value may be affected by legislation and regulation.

• Security risks: you must protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after thoroughly researching your options.

• Price volatility risk: the coin may be subject to sharp price fluctuations.

• Technical risk: the coin may be exposed to risks or the impact of changes occurring on the Ethereum network due to its connection to it.

You should not buy POL based solely on price predictions. Instead, you should study the whitepaper, the coin’s use cases, the project, and your risk tolerance before making any decision.

Once you add your bank card to your Rain account, you can use it to buy Polygon (prev. MATIC) directly. You can start by adding your card to your payment options on your Rain account. To purchase Polygon (prev. MATIC) using your bank card, you can select Polygon (prev. MATIC), click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.

note: The purchase option with debit or credit card is not available for our users in Turkey

Rain enables you to buy Polygon (prev. MATIC) using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.

Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Polygon (prev. MATIC). To do that, you can select Polygon (prev. MATIC) in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.

This is an easy process that requires only a few clicks. Here are the steps needed to sell Polygon (prev. MATIC) successfully:

On your Rain account, select Polygon (prev. MATIC) then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.

Rain gives you the opportunity to sell Polygon (prev. MATIC) and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.

Once your bank account is added, you can sell Polygon (prev. MATIC) and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.

Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.

If you would like to receive Polygon (prev. MATIC) in your Rain account, simply click on Receive and select Polygon (prev. MATIC) from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.

Make sure that you are using the correct network when receiving Polygon (prev. MATIC) to avoid possible loss of funds.

POL is the native token of the Polygon ecosystem, created as part of the upgrade from MATIC. It powers the network by serving multiple roles such as paying transaction fees, staking, and enabling community governance. POL is designed to support Polygon’s growing multi-chain system, making it easier to connect and secure different chains within the ecosystem.

How did POL come about, and how does it relate to MATIC? POL was introduced as part of Polygon’s plan to evolve from a single Layer-2 network on Ethereum into a broader ecosystem of interconnected chains. Over time, POL will take over MATIC’s functions, expanding its use across the entire Polygon network while remaining compatible with existing Polygon chains. This transition helps unify token utility across all Polygon protocols.

What problems is POL designed to solve? As Polygon expands into a network of multiple chains, it needed a token that could serve all of them equally. POL solves this by acting as a universal token for staking, governance, and transaction fees across the ecosystem. It also enables better coordination between chains and improves scalability, helping Polygon handle more users and applications efficiently.

How does POL work? POL functions as a gas token to pay for transaction fees on Polygon networks and as a staking token that helps secure the network. Validators stake POL to validate transactions and keep the system secure, while token holders can participate in governance decisions. Because POL follows the ERC-20 standard, it remains compatible with Ethereum wallets and infrastructure.

How many POL tokens exist? The total supply of POL is around 10.5 billion tokens. These are being distributed gradually as part of Polygon’s network upgrade from MATIC. The supply model is designed to balance long-term stability, validator rewards, and community participation.

What are the main benefits and risks of POL? POL simplifies the Polygon ecosystem by uniting several functions: from payments to staking and governance, all under one token. It enhances network coordination and security while supporting Polygon’s expansion into multiple chains. However, because POL replaces MATIC, users should stay informed about migration steps to avoid errors during transfers. As with any evolving project, there may be short-term uncertainty while the upgrade continues.

How is POL being adopted? POL is gradually being introduced across Polygon’s products and chains. Many exchanges now support it, and developers are adapting their applications to use POL instead of MATIC. As more projects migrate, POL will become the primary token driving Polygon’s ecosystem and governance model.

How can I trade POL on Rain? You can trade POL on Rain very easily. To buy POL, visit the buy page, and select your fiat account or your debit or credit card to complete your purchase within a few moments. We have created this step-by-step guide to walk you through the process. You can also send or receive POL through your Rain account, or store your POL using Rain’s secure custodial services. You can always refer to our 24/7 support for any questions or needed assistance.

Is it safe to hold POL on Rain? Yes. At Rain, your POL is protected by strong regulatory oversight, advanced security systems, and robust custody practices. As a licensed and regulated platform under the Central Bank of Bahrain and ADGM in the UAE, Rain maintains a strict 1:1 asset to funds ratio and undergoes independent audits to ensure transparency. However, some risks remain outside of Rain’s control, and customers are always advised to conduct their research before trading.