How to buy Polymath (POLY)
Polymath (POLY) can be bought and traded within a large number of exchanges and markets that deal with cryptocurrency. Below are some of the most popular exchanges:
You can buy Polymath (POLY) is made possible through the possession of Ethereum (ETH) or Bitcoin (BTC) in your ewallet. While this is the case, it is entirely possible to purchase both Ethereum (ETH) and Bitcoin (BTC) in exchanges available online or through your credit card or bank account and an ewallet.
Step 1 – Setting up and verifying your account
Setting up an account can be done either through an application on a mobile device or through the service’s website.
By clicking the”Signup” button, you can already commence with the application process. Once you are directed to the application site, you must follow the processes to a tee. This entails placing all the all your particulars for account verification. One should make the account “Individual” rather than “Business”. The exchange would prompt the user that the account had been created through email. Once that is done, all the user has to do is click on the verification link and be redirected to the landing page so that the new user can sign in.
Some exchanges would require more steps. One of these pertinent processes is the 2FA (Two-Factor Authorization). This would entail the input of the mobile number that you had given.
Adding information regarding the funding of your account is the last step in the process. This can be done through a credit card or a bank account.
Some exchanges execute the processes almost instantly.
If you are to choose the bank option, note that any digital coin bought can be accessed for trading within 4 to 5 business days. What this means is that you might not be able to buy Polymath (POLY) tokens immediately.
Step 2 – Purchasing Bitcoin (BTC) or Ethereum (ETC)
Once all had been set up, you can already move forward with buy Bitcoin (BTC) or Ethereum (ETH) which you can exchange for NRG tokens.
Once you have selected your amount, you can choose either “Credit Card” or “Bank Account” as your funding options. Then, click on “Buy”..
After completing these steps, you now know how to invest in cryptocurrency.
Any cryptocurrencies purchased on any online exchange is automatically reflected on your ewallet.
Step 3 – Purchasing Polymath (POLY) Through Beaxy
With the current Bitcoin (BTC) or Ethereum (ETH) in your account, you can now use these cryptocurrencies to exchange with POLY. The reason for the second step is that most online exchanges only allow purchases for Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
Beaxy enables you to buy and sell of cryptocurrencies conveniently. The POLY token is among the many digital assets that you can buy through the exchange.
After selecting POLY, it automatically goes to an order book. After the system detects that your trade had matched, you will receive a coin. Beaxy ups the convenience by allowing you to buy and sell cryptos through its mobile application.
Polymath (POLY) – Value and Price
Upon consultation with cryptocurrency value monitoring venues, CoinGecko.com and Coinmarket.com, the recorded value of the POLY token is at $0.052850, with a Market Cap of $34,917,146 and a Trading Volume $5,760,578, (as of June 19, 2020, 4:10 PM GMT).
Back on February 20th, 2018, its All-Time High had been recorded to be at $1.59 -96.7%; its All-Time Low was at $0.01100606 374.3%, back on March 13th, 2020.
Meanwhile, the ratio between POLY and BTC is at 1 BTC = 176325.77 POLY.
It is interesting to note that upon the POLY token’s release in 2018, it is priced at $0.79 a token, it completely shot up, landing at $1.64 a token.
However, industry demand had not been friendly to POLY has it got to the point of only trading at $0.02 back in December 2019. This was a 95% drop from its awesome debut. But of course, this has been experienced by the entire sector years back. Now, analysts are optimistic that the coin will face a more positive future.
Polymath (POLY) – Advantages and Disadvantages
- Greater Security
The POLY token is part of a large system that aims at fortifying the potential of security tokens as it seeks to involve government officials and attorneys even upon the start of a coin’s creation. This eliminates the need for a regulatory body to get involved in latter processes, thus creating a blockchain-based market of greater legitimacy and reach.
- More Potent Checks and Balance
With this new system, checks against bad actors are effectively put in place. Transparency will also be strengthened, doing away with the requirement of multiple unreliable venues for validation and information distribution. hence, the integrity of the coin is maintained.
Apart from the considerable drop that it had experienced a year back, no apparent setbacks had been recorded for this promising crypto. The future seems to be shining bright for the POLY token
Best Polymath (POLY) Wallet – How to Choose the Best Wallet for this Crypto
Upon storing the POLY token, bear in mind that these are ERC-20 by nature. What this means is that the coin holder has a number of wallet options to store the asset. One can choose to employ MyEtherWallet or MyCrypto, both of which had garnered quite good reviews across the online community. Metamask is also among the viable options which can also be downloaded as a Google Chrome extension. Probably, the ones of good repute as storage venues are hardware wallets like Ledger or Trezor.