How to Buy MATIC (Polygon)│[Binance] XRP Conversion (Currency Exchange)

At Binance, one of the representative overseas exchanges, you can convert (exchange) to other cryptocurrencies. Here, we will explain how to purchase (acquire) MATIC tokens using Binance Convert with XRP (Ripple).

How to Buy (Acquire) MATIC on Binance

Binance Convert is a function to exchange virtual currencies for other virtual currencies that you own. You can easily trade virtual currencies by following the steps below.

Step 1: Access Binance Convert

Log in to Binance. Select “Trade” → “Binance Convert” from the item in the upper left of the initial screen. You can also directly access the convert (exchange) page from the following link.

Binance Convert (Exchange) page

Step 2: Select the virtual currency (XRP) you own

Select the virtual currency you hold from the “Transfer from” section of the Binance Convert screen. In this case, select XRP to convert, which can be easily found by entering “XRP” in the search box.

Refer to the following article for how to withdraw XRP (Ripple) from Binance.

How to Withdraw XRP (Ripple) from Binance

Step 3: Select the virtual currency “MATIC” you want to convert

Select the virtual currency you want to exchange from the “Transfer to” section of the Binance Convert screen. In this case, select MATIC to convert, which can be easily found by entering “MATIC” in the search box.

Step 4: Check the conversion preview and purchase MATIC

Specify the amount of MATIC you want to exchange in the “Conversion Preview” section and select it.

The estimated price of the transaction under consideration is displayed. The displayed price estimate is maintained for 8 seconds. If there are no issues with the estimate, please select “Accept” within the time limit to approve the transaction.

Step 5: Confirm Purchase of MATIC

Once approved, the transaction will be completed, and you can purchase MATIC. Check your physical wallet to see the converted MATIC.

What is MATIC (Polygon)?

MATIC (Polygon) is a Layer 2 cryptocurrency developed to solve the problems of increased transaction speeds and gas fees due to the increased usage of Ethereum. The blockchain is built on the Polygon chain and can be used with Metamask.