A Simple Guide to Buying MATIC in Nigeria: A Must for Newbies

Purchasing MATIC in Nigeria can be done through exchanges such as Binance and Bybit, select the appropriate payment method, and conduct spot or quick transactions after completing identity verification, and pay attention to market fluctuations.

Apr 01, 2025 at 05:12 pm

In the tide of cryptocurrencies, Pulygon (MATIC) has attracted the attention of many investors with its unique advantages. For new investors in Nigeria, how to buy MATIC safely and easily can be a problem. Don't worry, let's introduce you in detail the simple process of buying MATIC in Nigeria.

Choose the right cryptocurrency exchange

In Nigeria, there are many cryptocurrency exchanges to choose from, such as Binance, Bybit, OKX, etc. You need to compare their fees, supported fiat currencies, payment methods, and user reviews. Take Binance as an example, it supports recharge of Nigerian Naira (NGN) and has relatively low transaction fees. When choosing an exchange, be sure to ensure that it is legal and compliant in Nigeria and has a good reputation.

create Account

After selecting the exchange, you can create an account. Usually, you need to provide your email address, set your password, and may need to verify your mobile phone number. Some exchanges also require identity verification (KYC), which is to comply with anti-money laundering and anti-terrorism financing regulations. Prepare your ID card or passport photo and follow the exchange's prompts to complete the identity verification process. For example, to create an account on Bybit, it only takes a few minutes to fill in the information and upload the ID photos according to the steps, and then use it after the review is approved.

Deposit funds

After completing the authentication, the next step is to deposit funds. There are a variety of ways you can choose:

Legal currency deposit : If you want to use Naira to purchase MATIC, some exchanges support bank transfers, credit/debit card payments. For example, in OKX, enter the "Buy Coins" section, select the payment method of "Credit Card/Debit Card", select the cryptocurrency to be purchased as MATIC, enter the amount, and follow the prompts to complete the payment, and the funds will be deposited quickly.

Cryptocurrency deposit : If you already have other cryptocurrencies, such as Bitcoin (BTC), Tether (USDT), etc., you can recharge them on the exchange. In the "Wallet" - "Spot Wallet" - "Recharge" options on the exchange, select the currency you want to recharge, get the recharge address, and transfer the corresponding cryptocurrency to this address from your other wallet or exchange. After the transaction is confirmed, the funds are deposited successfully.

Purchase MATIC

After the funds are deposited, you can purchase MATIC.

Spot trading : Taking the Kucoin Exchange as an example, enter the "Trade" - "Spot" page, enter "MATIC" in the search box, and trading pairs between MATIC and other cryptocurrencies will appear, such as MATIC/USDT. You can select "Limit Order" (set your own purchase price and automatically trade when the market price reaches that price) or "Market Order" (transaction immediately according to the current market price), enter the buy quantity, and click "Buy MATIC" to complete the transaction.

Quick coin buying : Some exchanges provide quick coin buying function, which makes the operation easier. For example, in Gate.io, enter "Buy Coins" - "Quick Buy Coins", select MATIC and payment methods (such as USDT), enter the purchase quantity, click "Buy", and the transaction is completed instantly.

Withdrawal MATIC (optional)

If you want to transfer the purchased MATIC to your wallet, you can withdraw cash. In the "Wallet" - "Spot Wallet" - "Cash Withdrawal", select MATIC, enter the target wallet address (note that you choose the correct network, generally Pulygon network), enter the withdrawal quantity, and confirm the transaction. After waiting for the blockchain to confirm, MATIC will safely arrive at your personal wallet.

Through the above steps, you can successfully purchase MATIC in Nigeria. However, the cryptocurrency market is volatile, so you must fully understand the relevant knowledge and make cautious decisions before investing.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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