Download Cropty Wallet — a reliable, super convenient, and 100% secure wallet for POL (formerly MATIC) that is always with you!
POL is a decentralized cryptocurrency, so there is no official wallet for storing it. You can choose where to keep your tokens. The only thing to consider is that the crypto wallet must be compatible with the Polygon network. There are many such solutions available from different developers in the market right now. For long-term storage, it is recommended to choose cold wallets that are not connected to the Internet, while for everyday use, hot wallets — mobile, desktop, and browser-based applications, which are convenient for transactions and interacting with dApps.
Cropty Wallet - is a custodial wallet that offers a simple and secure way to store, manage, and use cryptocurrency. It is suitable for users of any experience level, from beginner crypto enthusiasts to experienced traders and cryptocurrency holders.
Cropty Wallet is not just a wallet for storing cryptocurrency. It allows you to:
1. Take out loans secured by cryptocurrency: Get stablecoins using your crypto assets as collateral. Cropty offers convenient and flexible loan terms and low interest rates. Use the borrowed funds for investments, purchases, or other purposes.
2. Earn on stablecoins: Deposit stablecoins into a yield farm and earn passive income by renting them out to other Cropty users with cryptocurrency collateral. It's a reliable and secure way to generate income from your stablecoins, such as USDT.
3. Refer friends and earn: Utilize the Cropty Wallet referral program and receive rewards for each new user you bring in. The more friends you invite, the more you'll earn. Share your wallet link on social media or directly with friends and earn cashback on each of their transactions.
Ledger is a hardware cryptocurrency wallet that provides secure storage for your cryptocurrencies. It operates as a USB device and does not rely on a computer or smartphone for security. Ledger supports over 1800 cryptocurrencies and tokens, as well as allows you to manage your assets with the Ledger Live app.
Ledger is one of the most popular and reliable hardware wallets on the market. It offers the highest level of security, supports multiple cryptocurrencies, and has a user-friendly interface. However, Ledger is a relatively expensive wallet, and you need to connect it to a computer or smartphone for use.
If you are looking for the most secure way to store your cryptocurrencies, Ledger is an excellent choice. However, if you are looking for a more affordable wallet or do not need to store a large amount of cryptocurrencies, you may consider other options.
Overall, Ledger is a great hardware wallet for those seeking a reliable and secure way to store their cryptocurrencies.
Trezor Wallet - is a hardware wallet designed to securely store cryptocurrencies. It provides reliable protection for your crypto assets from online threats such as hackers and malware.
Despite its high level of security, Trezor is easy to use. The wallet interface is clear and user-friendly, even for beginners. All cryptocurrency operations can be performed with just a few button presses.
Trezor is compatible with a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, and many others. The wallet also supports different platforms such as Windows, macOS, Linux, Android, and iOS (for viewing only).
Overall, Trezor is an excellent choice for those seeking a reliable and secure way to store cryptocurrencies. It is easy to use, compatible with a wide range of cryptocurrencies and platforms.
ByBit is a centralized cryptocurrency exchange founded in 2018. It offers a wide range of services including spot and margin trading, perpetual contracts, options, Launchpad and more. ByBit is known for its simple interface, high liquidity, and low fees.
Wallet and exchange ByBit is a good option for those looking for a simple and convenient way to store cryptocurrencies. ByBit has a good reputation in terms of security and offers a wide range of features. However, it is important to remember that ByBit is a centralized exchange, which means you do not own your private keys. If you are looking for a more secure option, you should consider using a non-custodial wallet.
Overall, the ByBit wallet is a good option for both beginners and experienced users who are looking for a simple and convenient way to store cryptocurrencies.
If you need a reliable, convenient, multifunctional, and secure wallet for Polygon (POL) that combines the benefits of custodial and non-custodial storage, then the best choice is Cropty Wallet. Multi-layer security, broad support for thousands of cryptocurrencies, and a thoughtful, simple interface are just a few of the advantages that crypto enthusiasts can appreciate.
Cropty is:
Cropty Wallet is a whole ecosystem that combines the capabilities of storing, managing, and using POL to interact with numerous decentralized applications.
In addition, inside the wallet, there is a dedicated crypto academy, making the exploration of the digital currency world more confident and engaging. Join now and become part of the Cropty family!
More than 200,000 Android device users have already experienced the benefits and conveniences of Cropty Wallet for everyday transactions. Make the right choice for the best wallet that works only for you, providing an unmatched level of security and offering numerous opportunities to manage your crypto assets within a single interface. The app is absolutely free: head over to Google Play right now and download Cropty on your tablet or smartphone. You can use the wallet on multiple devices simultaneously thanks to seamless synchronization. Give it a try!
Cropty Wallet — the best choice for Apple device owners who need a simple and reliable tool to feel confident in the world of cryptocurrencies. With this wallet, your POL and other coins are always under control, and its interface is so intuitive that even a beginner will quickly get the hang of it. Everything you need is always at hand, plus you gain access to a whole world of possibilities. Try it and see how easy it is to work with digital currencies — download our crypto wallet for free in the App Store to personally appreciate all its numerous advantages. Cropty won't let you down!
Ledger is one of the best manufacturers of hardware wallets for cold storage on the market. At the core of the security of its devices is the Secure Element chip (CC EAL5+), which protects private keys from any external threats. In addition to POL, Ledger cryptocurrency wallets support thousands of other cryptocurrencies and easily integrate with various applications for asset management. They are extremely convenient for those interested in a highly secure storage solution for large amounts of coins but will also be equally user-friendly for everyday use thanks to the simple management through the proprietary Ledger Live app.
The safest way to store POL cryptocurrency is to use a paper crypto wallet. It provides the highest level of protection since private keys do not interact with electronic devices and do not come into contact with the Internet, which eliminates the risks of data leaks and hacking attacks. It is necessary to use a special paper wallet generator that creates unique access keys. These keys can then be printed on a sheet of paper or engraved on special metal plates for greater reliability. The user bears full responsibility for such a wallet, so its loss will mean the loss of access to assets.
Add POL to your cryptocurrency portfolio in two ways: using P2P platforms or exchange services.
P2P is the purchase of crypto assets from other users on specialized trading platforms. It works as follows:
| Advantages | Disadvantages |
|---|---|
| High level of transaction security guaranteed by the P2P platform | Identity verification KYC is required |
| Large number of active trades | Long waiting time for asset crediting (up to 30-60 minutes) |
| Low fees | |
| Many payment methods |
You can find a detailed guide on how to buy POL using P2P in our special article.
A cryptocurrency exchange service operates on the same principle as a traditional one. The buying process is very simple:
| Advantages | Disadvantages |
|---|---|
| Complete anonymity (KYC is usually not required) | There is a small risk of encountering a fraudulent exchange |
| Almost instant crediting of funds | The purchase fee is usually higher (compared to P2P) |
| Even beginners can handle the interface of exchanges | The purchase is made at a price for POL higher than the market |
If you are interested in this method, you can learn more about how to buy POL through an online exchange in our article.
P2P trading is suitable for those who want to save on fees and are willing to wait a bit for the tokens to be credited to their account. Exchange services will be convenient for those who value anonymity and speed and are willing to pay a little extra.
If you choose P2P, we recommend using the cryptocurrency exchange ByBit. It is one of the most popular platforms with a user-friendly interface, low fees, and a built-in transaction protection system. The exchange freezes the seller's coins during the transaction, so fraud is excluded: you are guaranteed to receive your tokens after the funds are transferred. When you want to use an exchanger for your purchase, first use the aggregator BestChange. This service collects data on rates and fees from dozens of exchange services, allowing you to select the most profitable option. Additionally, this way you will definitely avoid scammers.
Polygon is a sidechain created as a branch and addition to the Ethereum blockchain network. Its main goal is to make transactions faster and more accessible for users. Ethereum is one of the most popular cryptocurrency networks, but due to the high load, transaction fees can become expensive, and their processing takes a long time. Polygon addresses this issue by creating separate chains that operate in parallel with Ethereum and handle a portion of transactions. The fee cost on the sidechain network is only 5-10 cents (compared to $1.5 for ERC-20).
POL (formerly known as MATIC) is the native token in the Polygon blockchain. It is used for:
The current circulating supply of tokens is 8.6 billion POL. The coin has demonstrated its stability and resilience during the cryptocurrency market crash in 2022: Polygon remained one of the few blockchains that managed to avoid serious turbulence.
Polygon is actively used in the decentralized finance (DeFi) space—applications that allow users to exchange cryptocurrency, take loans, or earn through staking. Over 500 DeFi applications operate on the network, with a total locked liquidity exceeding $880 million. Polygon is attracting the attention of major brands: for example, companies like Adidas and Reddit use this blockchain for their NFTs—digital collectibles.
The growing popularity and active use of Polygon in key areas of the cryptocurrency ecosystem confirm the project's success. This means that it has good potential for further growth and innovation.
The process of selling POL through P2P trading on ByBit is similar to purchasing, but now you act as the seller. To do this, you need to place an order on the platform, specify the amount of tokens you want to sell, the price, and the payment method (in this case, where the funds should be credited). An interested buyer will see your offer, respond to it, and transfer the money to you. Once you receive it, you can finalize the deal—this guarantees its safety. With exchanges, it's even simpler: just find a service that allows you to sell POL for fiat at a favorable rate on BestChange.
If you want to exchange your POL, that is, convert them into another cryptocurrency, P2P platforms and online exchangers will once again come to your aid. The process is similar to buying and selling. On the cryptocurrency exchange ByBit, you need to select the required trading pair, for example, POL/USDT, and place the corresponding order. The transaction will be executed at the current exchange rate, after which you will receive the desired coins. If you wish to use an exchange service, first find one that supports the desired pair on the aggregator BestChange. You can then send your POL: the exchanger will transfer the selected cryptocurrency to your wallet.
Staking POL is a way of passive income, where the token holder needs to lock their assets in the Polygon blockchain. This way, participants support the functioning and security of the network and receive rewards in the form of new coins.
You can stake POL in two ways: by becoming a validator (a network participant who verifies and confirms transactions) or by joining a liquidity pool and effectively transferring your tokens to an existing validator. The first method is more resource-intensive and laborious, which is why the second is more popular among crypto enthusiasts. To stake POL this way, you need to:
Some smart contracts provide a fixed locking period, while others allow withdrawing POL as needed, but the yield is lower in this case.
Earning Polygon (POL) can be done through staking. But this is not the only way that brings income to crypto enthusiasts. Among other opportunities, it is worth highlighting:
If you are wondering whether you can mine POL tokens, it should be clarified right away: traditional mining, like that of Bitcoin, does not exist in the Polygon blockchain network. Instead, staking is used—a method of transaction confirmation and network protection, where participants lock their assets in special smart contracts and receive rewards for it. This process is somewhat similar to a regular bank deposit.
Why can't you mine Polygon? Mining is based on the consensus mechanism (transaction confirmation algorithm) Proof-of-Work (PoW), which requires complex calculations, powerful graphics cards or ASIC devices, and significant electricity consumption. However, Polygon operates on Proof-of-Stake (PoS)—a more energy-efficient and environmentally friendly algorithm that does not require complex calculations.
Instead of solving complex mathematical problems, POL token holders can simply delegate their assets to validators who process transactions and maintain the network. In return, they receive rewards in the form of new coins—similar to how miners receive bitcoins for confirming blocks. You can also join the ranks of validators, but this requires technical skills and a certain amount of cryptocurrency as collateral.
Polygon is a subsidiary blockchain of the Ethereum network, created to speed up the functioning of dApps and smart contracts. Therefore, its main feature is high speed — the average transaction confirmation time is just 1–2 seconds (for comparison: in Ethereum, this takes from 13 seconds to 5 minutes). At the same time, the protocol can handle over 65,000 transactions per second (TPS) simultaneously. It is also worth noting that the size of fees is influenced by network congestion: the higher it is, the more expensive the transfer becomes. This also affects speed — fast processing requires a higher fee. But even under such conditions, the transaction costs in Polygon are significantly lower than in Ethereum.
