🪙 What is Polygon (MATIC)?
Polygon, formerly known as Matic Network, is a leading Layer 2 scaling solution for Ethereum, designed to provide faster and more cost-efficient transactions. As an open-source platform, Polygon addresses the scalability challenges of Ethereum by leveraging a combination of advanced technologies, including Plasma, Proof-of-Stake (PoS), and ZK-Rollups. By utilizing these technologies, Polygon significantly reduces transaction fees and improves processing times, making it an ideal environment for building decentralized applications (dApps) and scaling blockchain projects. Learn more
🔀 MATIC to POL Migration
MATIC has recently been migrated to Polygon's new native token POL, as part of their latest network upgrade. MATIC will remain unchanged on the Ethereum network until further notice. For more information, please read our Help Center article here.
📥 How to Deposit MATIC Into Your Coinmetro Account
For all information on how to deposit MATIC into your Coinmetro account, please see the following help center article:
Supported networks on Coinmetro: Ethereum
As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.
📤 How to Withdraw MATIC From Your Coinmetro Account
For all information on how to withdraw MATIC from your Coinmetro account, please see the following help center article:
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
🌱 Grow Your MATIC with Staking
Put your MATIC to work and watch your holdings grow by staking directly on Coinmetro. Staking is a great way to grow your MATIC balance while supporting the Polygon ecosystem, and it only takes a few clicks to get started. Your rewards are paid out in MATIC, meaning your balance has the potential to increase over time without needing to trade. It’s an easy and rewarding way to make the most of your crypto.