ETH to MATIC Exchange | Convert Ethereum to Polygon (Matic Mainnet) on SimpleSwap (2024)

FAQs

ETH to MATIC Exchange | Convert Ethereum to Polygon (Matic Mainnet) on SimpleSwap? ›

Choose the crypto exchange pair

Choose Ethereum in the “You send” section. Next, enter the amount of ETH you would like to exchange. Then select Polygon (Matic Mainnet) in the “You get” section. Click the Exchange button.

Choose the crypto exchange pair

Choose Ethereum in the “You send” section. Next, enter the amount of ETH you would like to exchange. Then select Polygon (Matic Mainnet) in the “You get” section. Click the Exchange button.

The easiest way to swap MATIC is to use an instant crypto converter. Experience fast and convenient exchange of Polygon or any other cryptocurrency by choosing from 1000+ assets available on our service. To expand users capabilities, we also added popular fiat currencies such as USD, EUR, JPY, MXN and much more.

The cheapest way to transfer ETH to Polygon can vary based on network conditions and the bridge used. It's advisable to compare the gas fees and additional charges of different bridges at the time of transfer. Some popular bridges, like the official Polygon Bridge or Hop Protocol, might offer competitive rates.

For example if a user is bridging from Ethereum to Polygon, the first transaction on Ethereum typically takes 10-20min. The transaction on Polygon happens much faster afterwards, typically within a few minutes.

Enter the address of the recipient to process the Matic (ERC20) - Polygon (POL) transaction. Check the rate: how many MATIC in Polygon (POL) you'll receive. Confirm the transaction, make the deposit, and you've converted 1 Matic (ERC20) to Polygon (POL)!

CAN I SWAP ETH TO MATIC? Yes, you can convert ETH to MATIC, straight from your favorite DeFi wallet like MetaMask, Coinbase DeFi wallet, Trustwallet, etc.

How long does MATIC swap take? ›

If you are transferring tokens from Ethereum, you will receive exactly the same number of tokens on Polygon. Usually, it takes up to 5 minutes. If you want to withdraw tokens from Polygon to Ethereum, it might take up to 3 hours (or 7 days depending on the method).

To accomplish this, first, click on the Network Selection button at the top of the MetaMask app. Once you have added the URL in the New Network field, click on Save. You will now see Matic's Mainnet in the network dropdown list of your metamask, and can simply switch between Ethereum and Matic networks.

Users can deposit Ethereum tokens to a Polygon smart contract, interact with them within Polygon, and then later withdraw them back to the Ethereum main chain. The MATIC token is used to pay transaction fees and participate in proof-of-stake consensus.

Once you're on the Swap tab, make sure your network in the upper bar is selected to Polygon. If you're on Mainnet, simply switch your network, and approve the transaction in MetaMask. You can then select which token you would like to swap and click “Approve Transaction”. In this case, we selected WETH.

The Polygon network has two bridges — the Plasma Bridge and the proof-of-stake (PoS) Bridge — to validate transactions. The cheapest way to bridge Ether (ETH) to Polygon is via the PoS Bridge.

The PoS Bridge is a smart contract that allows you to transfer your ETH or ERC-20 tokens from Ethereum to Polygon and vice versa. To use the PoS Bridge, you need to follow these steps: 1. Head to the Polygon web wallet and click on native bridge.