Polygon's legacy MATIC token has been replaced by POL as the gas and staking asset of Polygon Chain, formerly commonly called Polygon PoS. This hub preserves the Polygon name. POL also exists as an ERC-20 token on Ethereum, so its network and form matter when buying, sending or migrating it.
layer 2 Polygon
Polygon
(MATIC)
Polygon's legacy MATIC token has been replaced by POL as the gas and staking asset of Polygon Chain, formerly commonly called Polygon PoS. This hub preserves the Polygon name. POL also exists as an ERC-20 token on Ethereum, so its network and form matter when buying, sending or migrating it.
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What is Polygon?
Answer sources checked
20 answers source-reviewed with Codex assistance. Reviewed . This review covers the answers, not exchange listings or the rest of the page.
How does Polygon work?
Polygon Chain uses its own proof-of-stake validators, with Bor handling execution and Heimdall-v2 coordinating validation and Ethereum checkpoints. Staking contracts sit on Ethereum. This architecture is not interchangeable with every Ethereum rollup or other Polygon-branded chain, and each network can have different gas and bridge requirements.
Who created Polygon?
Polygon began as Matic Network, co-founded in 2017 by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun according to Polygon's official history. Its technology and organization have since evolved. POL's migration from MATIC is a later token change, not evidence that holders own shares in a founding company.
What is Polygon used for?
POL pays gas on Polygon Chain and supports its validator staking system. Applications can use the EVM-compatible network for transfers and smart contracts, while Ethereum-held POL is a token on a different chain. Merely holding POL does not give automatic revenue rights over Polygon applications or infrastructure.
Where can you buy Polygon?
Verify current POL or legacy MATIC support on the chosen platform's official website, including migration policy and withdrawal networks. This answer confirms no particular listing. POL on Ethereum and native POL on Polygon Chain require different transfer routes, even when your wallet shows the same address.
Polygon exchange reference guides
Before you buyNo exchange availability has been verified for this catalogue entry under the current full-name and symbol checks. This is not a delisting claim. Confirm the exact asset, trading access and withdrawal network through the provider before buying. All local checklists remain available at the end of this guide.
How to buy Polygon
Plan your purchaseHow much Polygon?
How can you buy Polygon safely?
Check the asset label, chain and platform migration instructions before purchasing Polygon's token. Polygon Chain balances migrated automatically, while Ethereum-held MATIC can require the official migration interface. Do not follow unsolicited swap links or approve an unknown migration contract; test a verified withdrawal route first.
Can you buy a fraction of Polygon?
Yes, you can hold a fraction of Polygon's token rather than buying one whole POL. A platform may still impose order or withdrawal minimums. Confirm whether the balance is native POL on Polygon Chain or an Ethereum token, and retain the correct chain's gas asset for later transactions.
How much does it cost to buy Polygon?
There is no single minimum cost for obtaining usable POL. Trading minimums, spread and withdrawal charges depend on the platform, while Ethereum migration or bridging can add separate gas costs. Compare the total cost for the exact chain and token form you intend to hold, not just a legacy MATIC quote.
How much is one Polygon worth?
For Polygon, first establish whether the quote is for legacy MATIC or POL. The documented migration uses a 1:1 token conversion, but its required steps depend on where the tokens are held; Polygon PoS balances and Ethereum-held MATIC do not follow identical procedures. This migration ratio is not a fixed dollar price. Read the asset label and quote time, then confirm the provider's POL support before relying on its purchase or withdrawal preview.
Is Polygon a good investment?
POL can lose value, and its role as gas or stake does not make it a safe investment. Migration mistakes, bridge contracts, validator operations and governance-controlled issuance create additional considerations. This is not financial advice.
Compare two order previews
Use MATIC credited after buying fees and spread. Extra USD charges must exclude fees already included in the total. Enter 0 only when confirmed.
Which quote delivers more MATIC?
Enter your order-preview numbers or use the labeled example. Unknown charges are never treated as zero.
Polygon wallets & storage
How do you get a Polygon wallet?
Use an EVM-compatible wallet and configure Polygon mainnet from official network information when receiving native POL. Ethereum-held POL requires the Ethereum network instead. An outdated wallet may still label Polygon Chain's native balance MATIC after automatic conversion, so check the chain and official migration guidance before taking action.
How can you store Polygon securely?
Protect the keys controlling your EVM wallet and use a compatible hardware device where appropriate, without assuming it prevents every malicious approval. Verify the chain, contract and permissions before signing. Polygon's migration creates a specific phishing risk: a changed ticker does not mean every holder must approve a manual swap.
Sending & cashing out Polygon
Match your networks
For MATIC, copy the exact network names shown in your apps. This compares your entries, not a verified list of supported networks.
Enter both network names
Copy the exact network name shown for this asset in each app. No supported-network catalogue is assumed here.
How do you send Polygon to another wallet?
For native POL, select Polygon Chain in the wallet, verify the recipient supports that network, and reserve POL for gas. An Ethereum POL transfer is a different transaction and needs Ethereum gas instead. Matching 0x addresses do not guarantee that an exchange accepts both deposit routes.
How long does a Polygon transfer take?
A Polygon Chain transfer and a bridge withdrawal to Ethereum are different processes. The chain uses its validators and checkpoints, while a receiving exchange can apply its own crediting requirements. Check the transaction status and destination instructions; no single block interval guarantees when funds become usable at the destination.
How much does it cost to send Polygon?
Native Polygon Chain transactions pay gas in POL, with an EIP-1559-style base fee and validator priority component. Ethereum-held POL or MATIC transactions instead use Ethereum's gas asset. Workload, network demand and migration or bridge steps change costs, so use a current estimate for the exact route.
Can you cash out Polygon for real money?
Confirm that an eligible platform accepts your exact POL or MATIC form and network before sending it to sell for fiat. Follow its current migration, deposit and bank-withdrawal instructions. Bridging or unstaking may be necessary for some holdings, and converting to another cryptoasset is not itself a fiat payout.
Is Polygon traceable?
Standard Polygon Chain transactions and Ethereum token transfers leave public ledger records tied to addresses. The chain and token contract determine which history to inspect, particularly across MATIC migration and bridging. An address is pseudonymous, not a promise that transfers cannot be traced or linked to an exchange account.
Supply, mining & staking
What is the maximum supply of Polygon?
POL's initial supply was 10 billion tokens, matching MATIC at the migration ratio, but that is not a fixed maximum. Official documentation describes ongoing emissions that governance can modify within contract limits. MATIC deposited in the migration contract is held there rather than burned, so avoid adding both token totals as new independent supply.
Can you mine Polygon?
POL is not mined with proof-of-work hardware. Polygon Chain uses proof-of-stake validators and distributes validator rewards through its staking and emission system. Running an ordinary wallet, or buying an Ethereum POL token, does not automatically make its holder a validator or generate native staking rewards.
Can you stake Polygon?
Yes, POL supports native Polygon Chain staking, with staking management contracts on Ethereum rather than ordinary Polygon gas transfers alone. Review the official interface, validator terms and withdrawal process, and account for Ethereum gas. Current documentation says existing MATIC stakers and delegators do not need a manual migration.