Bridge assets from ETH > Polygon Chain (MATIC) (2024)

FAQs

How to bridge MATIC from Ethereum to Polygon? ›

Another alternative is the Polygon bridge, which lets you exchange ERC-20 (Ethereum network) MATIC for MATIC that you can use on Polygon, and vice versa. Simply connect your MetaMask wallet, and choose how much you want to deposit. The Polygon bridging FAQ also details several other bridges available.

Wait for your cross-chain bridge transaction to Polygon to complete. You will then receive your wrapped ETH (WETH) on Polygon. Please Note: Most cross-chain transfers are completed almost instantaneously, however some may take as long as 20 minutes to complete depending on how much traffic the chain is experiencing.

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.

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. You can use RocketX to convert at best price across 250+ centralized and decentralized exchanges.

Will require you to pay $0.02 approximately as a transaction fee. Step 5: After crossing all the checkpoints of the Matic Bridge, you will have to pay the gas fee, then wait for the transfer to be confirmed on Ethereum. Once this is done, the transfer from Polygon to Ethereum will be completed successfully.

Secret Bridges turn tokens from other blockchains into Secret Tokens. When you use a Secret Bridge—e.g., the Ethereum Bridge—you “park” your ETH (or COMP, or DAI) in an Ethereum smart contract on the Ethereum blockchain. An equivalent amount of “Secret ETH” (sETH) is minted on Secret Network.

The Polygon Bridge enables users to seamlessly transfer their tokens from Polygon to Ethereum. By bridging tokens, users gain increased liquidity as they can access a larger liquidity pool on the Ethereum network. This increased liquidity helps reduce price volatility and provides more trading opportunities.

How does Polygon connect to Ethereum? ›

It does this by processing transactions on a different Ethereum-compatible blockchain and returning them to the primary Ethereum blockchain after processing. This method reduces the network burden on Ethereum, allowing Polygon to speed up transactions and decrease transaction costs to less than a cent.

You might have noticed that your Ledger Ethereum address and Ledger Polygon address look the same. This is because the Ledger Ethereum and Polygon apps use the same cryptographic techniques to generate addresses. This is possible because Polygon is EVM-compatible and thus shares a lot of “digital DNA” with Ethereum.

Ethereum (ETH) vs Polygon(POL): Key Differences

Polygon uses a Proof of Stake (PoS) consensus algorithm. Limited scalability leads to higher transaction fees and slower confirmation times during network congestion. Polygon is designed to enhance Ethereum's scalability, providing faster and cheaper transactions.

To swap your ERC20 tokens for Bitcoin or Ethereum cost-effectively, you can use decentralized exchanges like Uniswap or SushiSwap. These platforms typically offer competitive rates and lower fees compared to centralized exchanges. Just connect your wallet, select the tokens you want to exchange, and complete the swap.