ETH to MATIC Instant Exchange | Convert Ethereum to Polygon (2024)

FAQs

How to convert ETH to MATIC on Polygon? ›

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. The Plasma Bridge utilizes Ethereum Plasma's scaling technology to enhance transfer security.

You can bridge to and from Polygon using the Bridges page of MetaMask Portfolio, here. 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.

Changelly Exchange is widely regarded as the cheapest way to exchange Ethereum.

Wormhole. Known as the best Polygon to ETH bridge, Wormhole platform is not a cross-chain bridge itself. It is a messaging protocol that supports development and operations of on-chain bridge systems between heterogeneous decentralized networks.

First you lock your crypto in a smart contract on the blockchain network you're bridging from, and then you'll receive crypto from the network you're bridging to. For example if a user is bridging from Ethereum to Polygon, the first transaction on Ethereum typically takes 10-20min.

Unlike Ethereum, which can only process around 17 transactions per second, Polygon can handle 65,000 transactions per second, a remarkable improvement. Furthermore, the transaction fees on Polygon are much lower, costing only a few pennies compared to Ethereum's average transaction fee of around $15.

You can use a bridge to transfer some ETH, USDC, or other tokens from Ethereum to Polygon — retaining their value — and start to use them with dapps on Polygon.

How much is Ethereum to Polygon? ›

Convert Ethereum to Polygon

1 ETH equals 6,312.26 MATIC.

Polygon can process up to 7,200 transactions per second and offers much lower transaction fees than Ethereum due to its Layer 2 solutions. This makes Polygon significantly faster and more scalable.

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).

Yes, you can perform limitless ETH-MATIC exchanges via ChangeNOW. To start one, scroll to the top of this page and enter the amount of ETH you would like to spend on MATIC in the exchange window. Then, click the “Exchange” button, check the details and confirm the transaction: that's it!

WETH bridges ether to networks like Polygon, allowing it to be used where native ether can't be. It is crucial in many DeFi platforms, from trading to lending/borrowing mechanisms.

Can I send crypto directly from the Ethereum network to Coinbase on the Polygon network? Yes, but only for assets that have multi-chain support. If Coinbase supports sending or receiving an asset on both the Ethereum and the Polygon network, then you will have one address that you can use for either network.

Visit https://app.rubic.exchange, select the WETH to MATIC pair, enter the amount you want to convert, and follow the on-screen instructions to complete the exchange.