Polygon wallet uses PoS bridge to swap assets from Ethereum to Matic network. Its only going to take a few minutes to move your assets to the Matic network including Fungible tokens (ETH, USDT, DAI etc) as well as NFT (Non Fungible Tokens) (ERC-1155 and ERC-721). To swap tokens you only need to pay a transaction fee on the Ethereum network. Matic (Polygon) is a separate blockchain from Ethereum so you need the bridge between the two to transfer assets from one network to another. Its like tron ceo offers $1 million to whoever identifies twitter hackers basically swapping from one blockchain to another blockchain. Once you have moved funds to Matic blockchain you can interact with L2 DApps running on the Matic blockchain.
Polygon uses the MATIC token, which is compatible with ERC20. Use the search bar from the newly opened page to miners will accept eip search for the Polygon or manually add Polygon to MetaMask.
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However, because it would be difficult to change the name of the token (since it would have to be changed at the smart contract level), the token is still known as MATIC. Your wallet will now successfully display the balance of the token added. Search for “Polygon” in the network list and select Polygon Mainnet with Chain ID 137. Click the MetaMask icon at the top right corner of your browser to open the wallet UI.
After choosing your password, MetaMask will present you with information regarding your wallet’s seed phrase. Make sure to read through it if you aren’t familiar with how a crypto wallet works. Polygon is a scaling solution for the Ethereum network, enhancing transaction speeds and reducing costs. To access the Polygon network, you will have to fill out the details from the screenshot below to ensure that you have introduced the following details correctly.
Step #2: Wallet Configuration
We provide a comprehensive overview of the best hardware wallets if you’re interested in learning more. If you open up your MetaMask wallet again, you will see that the default currency has been switched from ETH to MATIC and that you’re currently using the Polygon Mainnet. If you want to switch back to Ethereum or any other network, you can easily do so using the menu at the top of the MetaMask interface. Now, let’s get started with our detailed guide to adding the Polygon network to your MetaMask wallet.
Step 1: Connect to MetaMask and Visit PolygonScan.
Now, let‘s look at how you can send, receive, and interact with tokens and other crypto assets on Polygon within buy bitcoin litecoin and ethereum 2021 MetaMask. You have now successfully added Polygon manually as well! Whichever method you chose, you can now access and use the Polygon network.
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After adding Polygon to the MetaMask wallet, you can use it to explore the number of dApps on the Polygon network. The low fees and fast transaction speeds make it an ideal network to dip your toes in the world of Web3. Then, enter the number of tokens you want to transfer and click ‘Transfer’ to finish the transfer process. But do note that the process to transfer the tokens will require a transaction fee.
Likewise here in this guide let’s see how to setup MetaMask for Polygon (previously Matic network). We’ll show you how to configure and connect MetaMask to Matic mainnet. Also we’ll show you how to transfer assets from Ethereum Mainnet (L1) to Matic Mainnet (L2). By following these steps, you will be able to connect and integrate Metamask with the Polygon Network, allowing you to interact with dApps, tokens, and other services on the Polygon Network. By following these steps, you can easily connect Polygon to Metamask and enjoy seamless access to the Polygon network. Just make sure, you’ve entered the correct details when adding the network.
Importing Token Lists
- Navigate to your MetaMask wallet to confirm that you have successfully added the Polygon Network.
- CoinTracking offers a comprehensive solution that covers everything from portfolio management to tax calculation.
- Interacting with the Polygon blockchain requires a compatible crypto wallet such as MetaMask.
Remember to always use a bridge to transfer tokens from one network to the other, for instance, Ethereum to Polygon. If you transfer the tokens between networks directly, your assets will be lost. To manually add Polygon to MetaMask, open the MetaMask extension, click on the Network dropdown menu and select “Add Network”. Enter the network details for Polygon, including Network name, RPC URL, Chain ID, Currency, and block explorer.
- On the next page, you can choose between importing an existing wallet with your seed phrase or creating a new wallet.
- One thing to note is that the Polygon network was formerly called the Matic network and matic is still the name of the network’s native token.
- Adding Polygon mainnet to your MetaMask wallet allows you to seamlessly use dApps, transact tokens, use bridges from the same familiar interface.
He spends most of his day reading and studying the crypto ecosystem and trying his hand at gaining first hand experience of crypto products, be it blockchain games or DeFi protocols. He is a firm believer of practical experience over theoretical ramblings. Metamask runs security audits and a bug bounty program, rewarding those who find flaws in the system. The wallet has solid security plus you’re also able to connect your cold wallet to it for additional safety.
Once you’ve chosen the account click next and then connect. The same loan can be accomplished on Polygon network in just a few seconds with costing close to zero gas fee. Polygon is a framework for building and connecting Ethereum compatible blockchain networks. The most notable features of Matic protocol are ETH compatibility, scalability and modularity. Previously we’ve made a tutorial explaining how to connect your MetaMask wallet to Binance Smart Chain.
Transferring Assets on Polygon Network via Metamask
Once you’ve entered all the details, click on “Save” to add the Polygon network to your Metamask wallet. Now, you’re ready to connect Metamask with the Polygon network. Metamask allows you to use the same wallet address across all the added networks in your Metamask wallet, as long as you’ve added and linked your address to the network.
You can send tokens within the Matic network but to send it out to an exchange you need to again swap the Matic mainnet tokens to Ethereum mainnet. For this you’ll need to use the same bridge interface that you used for depositing funds. Matic wallet is a dedicated wallet and a bridge that connects Ethereum and Polygon blockchain.
Cryptocurrency is a modern digital asset and method of exchange that relies on blockchain technology and is protected by cryptography, ensuring the assets can’t be forged. Essentially, cryptocurrencies serve as alternatives to traditional currencies like the euro, dollar, yen, and others. Unlike electronic bank money, the key distinction is that cryptocurrency operates in a decentralized system, with no central authority controlling it. Aiming to add Polygon to MetaMask, users should pass a few simple steps.
When releasing your DApp, make sure to include clear instructions for users on how to add the Polygon network to Metamask and connect to your DApp. This will help users who are new to Polygon and Metamask get started quickly. By following these instructions, you have successfully created a Polygon account on Metamask and connected it to the Polygon Network. Now you can start using Metamask with Polygon and take advantage of the benefits of the Polygon Network. He is fairly young in the blockchain and crypto space, but he makes up for it through sleepless nights of binge-watching crypto youtube.