Securely Store Your Polygon

What is Polygon?

Polygon is a blockchain which runs parallel to the Ethereum blockchain as a means of decreasing transaction fees while increasing transaction speed. It was founded in 2017 as the Matic Network before rebranding to Polygon in 2021.

It is a “Layer 2” network or sidechain where users can move Ethereum into Polygon while continuing use of the same dApps, only faster. For validation, it uses a Proof-of-Stake consensus system.

The cryptocurrency of Polygon is MATIC, which is what users hold for fees, staking, and inclusion in votes for changes to the network. As of 2023, the market capitalization of MATIC is just over 11 billion.

How to create Polygon wallet?

Creating Polygon wallet with Coin Wallet is fast and hassle-free. You can do it from your computer or mobile device without providing any personal information.

The process is simple:

1. Select “Create new wallet”.
2. You will be given a unique passphrase. This is your only way to access your wallet. This information cannot be retrieved if lost, so it is essential to record it in a secure place.
3. Set a PIN for quick access on your device.
4. From here, you’re ready to send, receive and exchange Polygon with the app. You can buy Polygon with a credit/debit card, Google Pay, Apple Pay, or exchange with your existing crypto.