FAQs
Getting Started With Polygon
In MetaMask, switch to the Etehreum network to see your Matic on the Ethereum Network so you know the transaction worked. Next, use a bridge to bridge your Matic over from the Ethereum Network to the Polygon Network (it takes time and costs money).
How do you send Matic directly to a Polygon network? ›
The steps:
- Connect your MetaMask wallet with Binance Smart Chain network.
- Select the coin you want to sent (only $DAI, $USDC and $USDT supported)
- Select Matic Mainnet.
- Fill in the receiver address (this can be the same MetaMask wallet address as you use on your BSC network).
- Press “SWAP”
If you want to dive right in, feel free to skim through the article or choose to directly go to https://docs.matic.network/getting-started/.
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Matic Faucet
- Go to the link and enter your address.
- Copy the tweet content and tweet it.
- Now, paste the Tweet Id in the last field and click on Get Test Matic.
Sending Assets To Polygon
Click “Sign” and you will be directed to their bridging portal to transfer your assets from Ethereum Mainnet to Polygon. Simply select which tokens you want to send, and click “Transfer”. It should take about 7-8 minutes to deposit your funds.
How do I connect to a Polygon network? ›
This process requires the use of the MetaMask browser extension.
- Step 1: Open MetaMask Network Settings. Navigate to the Settings tab in MetaMask: ...
- Step 2: Add the Polygon Network Details. Click the Add a network button on the network settings page: ...
- Step 3: Save the Settings.
How to sell or short Polygon
- Create a CFD trading account with us or open your existing account.
- Click on the 'cryptos' section in the platform.
- Select 'sell' in the deal ticket.
- Decide on your deal size and take steps to manage your risk.
- Open and monitor your position.
Recommended: Once you have Polygon ETH, go to Polygon's Gas Swap. It is easy to swap and buy 1-10 MATIC with no gas fees. It currently costs between $0.50 and $1.00 USD and will be needed if you want to do other actions on the Polygon network.
How do I send Matic to wallet? ›
Send MATIC
- Go to your home screen / MATIC wallet.
- Tap [Send] and select MATIC if you enter via home screen.
- Paste/scan the QR code of the MATIC address of your recipient.
- Tap [Next]
- Enter the send amount and tap [Send]
Now, Coinbase customers can convert their fiat to ETH, MATIC, and USDC and fund their Polygon wallet at a fraction of the cost and time, making it simple to explore more of web3.
How much is 1 MATIC in usd? ›
The current value of 1 MATIC is $1.24 USD.
You can buy Matic on centralized exchanges, including Coinbase, Kraken and Binance.US. While cryptocurrency was designed with peer-to-peer transactions in mind, centralized exchanges are easier to set up and give quick access to many coins and tokens. However, you'll likely pay a fee when you buy or sell.
How much MATIC is required for a transaction? ›
Please note that a minimum of 1 MATIC and a maximum of 20 MATIC can be swapped at a time. Currently, with 1 MATIC, you will have enough gas to pay for almost 1000 transactions.
Can you convert Polygon to cash? ›
Cash out MATIC the easy way. Sell MATIC directly from your Polygon wallet and withdraw funds in 14 fiat currencies on your bank account in 171 countries. No identification required.
What can I do with my Polygon? ›
Polygon used to be known as MATIC network in the past. It is a framework and a protocol that allows you to build and connect blockchain networks that are Ethereum-compatible. It can allow alt chain scalability and adaptability of every alt chain while bringing the liquidity and security of Ethereum.
What are the benefits of Polygon? ›
Polygon is a decentralised scaling solution that uses Ethereum blockchain networks. It tackles a number of problems faced by the Ethereum network using a parallel blockchain (sidechain) that facilitates faster and cheaper transactions. This allows developers to create secure, user-friendly and scalable DApps.
How do I add a token in Polygon network? ›
Here is how it works:
- Click on 'Import tokens', located at the bottom of the 'Assets' tab on your wallet homepage.
- Switch to the 'Custom token' tab at the top, and then enter the token address in the first field. ...
- In most cases, the token symbol and token decimal will autofill.
- Click 'Add Custom Token' to proceed.
Connect Polygon & Coinbase Wallet:
Open up your Coinbase Wallet mobile app. Navigate to Settings, select Active Networks, and then Polygon network from the list. Once you enable “Polygon”, you will conduct transactions and access DApps on the Polygon network.
How do I buy directly on a Polygon network? ›
How to buy Polygon (MATIC)?
- Enter the amount in MATIC or fiat currency that you wish to purchase.
- Enter your MATIC wallet address.
- Verify your email and basic information.
- You're now ready to buy Polygon MATIC with a credit card or your preferred payment method!
On Coinbase.com, click the Buy panel to search and select Polygon. On Coinbase mobile app, search for Polygon by typing “Polygon” into the search bar. When you see Polygon appear in the results, tap it to open up the purchase screen.
Does Coinbase use Polygon network? ›
Many major exchanges, including Coinbase, allow you to buy cryptocurrency directly on the Polygon network. You can find instructions for buying on coinbase.com on our Help Center.
The best ways to lower gas fees on transactions is to bridge your assets from networks like Ethereum and pay your bills with tokens on the Polygon network. Bridging is fast and easy, and will let you easily migrate your assets from one network to another without having to swap assets.
Do you pay gas fees on Polygon? ›
The Polygon team released a redesigned version of its NFT Minter that lets anyone create NFTs with custom utilities and pay zero gas fees doing it.
Do you pay gas on Polygon? ›
Do I need to pay gas for my transaction? Yes, always. To transact on the Polygon network, you are charged a fee, which is paid out to a miner who processes and validates the transaction. It is important to note that not all transactions will cost the same amount of gas.
How do I withdraw MATIC from Polygon network? ›
Withdrawing funds from Polygon
You will be redirected to https://wallet.matic.network/ for the next part of the withdrawal process. You should see your Polygon (PoS) wallet dashboard and all current tokens bridged to Polygon (PoS). Locate the Ether (PoS-WETH) token and click Withdraw.
Can I send MATIC to Ethereum address? ›
Why does it matter? A Matic token on the Ethereum network and a native Matic token on the Polygon network should not be sent to the same wallet (either both to an Ethereum wallet or both to a Polygon wallet) as they are each minted on different blockchains.
Is my Polygon address the same as ETH address? ›
Polygon (MATIC) is an EVM network, which means it uses the same address format as Ethereum (starts with 0x). Because the address format is the same, it is possible to accidentally send Polygon tokens to an Ethereum address or vice versa.
What is Polygon MATIC contract address? ›
Additionally, the MATIC contract's Ethereum address is 0x7D1AfA7B718fb893dB30A3aBc0Cfc608AaCfeBB0.
What chain is MATIC on Coinbase? ›
Polygon (MATIC) is an Ethereum token that powers the Polygon Network, a scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain.
How many Matic are left? ›
MATIC currently has a circulating supply of 4,877,830,774 MATIC tokens and a max supply of 10,000,000,000 MATIC tokens.
How much is 20 matic in dollars? ›
Current value of 20 MATIC in USD is 22.59 USD.
The conversion value for 500 USD to 508.266 MATIC.
What can I use MATIC for? ›
What Is MATIC? MATIC is Polygon's native cryptocurrency. It is an ERC-20 token, a token created on the Ethereum blockchain. This token is used to govern and secure the Polygon network and pay the network's transaction fees.
What do I do with my MATIC? ›
MATIC is used to pay for gas on the Polygon Network, similar to how ETH is used on the Ethereum blockchain.
How do I use Matic network on Coinbase wallet? ›
Click the 'Buy' icon (+) and choose 'Add crypto with Coinbase Pay' Select ETH, MATIC or USDC and enter the amount you'd like to buy or transfer from Coinbase. Select the network field to choose your preferred network. Preview the details of your purchase or transfer, then click 'Confirm'
What is the difference between Polygon and Matic network? ›
Whereas Polygon is the network that operates using the Ethereum blockchain, its native token is MATIC. Adding to the confusion, the Polygon Network was previously known as the Matic Network. Following the rebrand, the Polygon organization decided to keep MATIC is its token ticker symbol.
How do I put money on my Matic network? ›
Connect your MetaMask Wallet by clicking the browser extension menu that looks like a puzzle piece in the top right corner of your tool bar. Then, select “MetaMask” from the drop down menu, and go through the normal confirmation steps. Then, select “Move funds to Matic Mainnet” to begin your transfer.
