Polygon (POL) price in INR.

What is Polygon (POL)?

The token of the Polygon network, which replaced MATIC. Polygon is a low-fee network compatible with Ethereum, with a large Indian developer community.

What it’s used for

• Paying fees on Polygon
• Staking to help secure the network

Key risks

• Price volatility
• Competition from other Ethereum scaling networks

How Indians usually buy Polygon (POL)

1. Pick an exchange registered with FIU-IND. Compare exchanges.
2. Complete KYC with your PAN and Aadhaar.
3. Add rupees by bank transfer or UPI, where the exchange supports it.
4. Buy POL, then decide whether to keep it on the exchange or move it to a wallet you control.

Indefi doesn’t recommend buying any coin. Only invest what you can afford to lose.

POL and Indian tax

Taxed like any other VDA. The MATIC to POL migration itself is not clearly addressed by Indian tax law; keep records. Calculate your tax.

Read next

• Layer 2s explained