Swap For Gas - Get MATIC token on Polygon PoS in a Flash (2024)

FAQs

How to swap MATIC to Polygon? ›

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

Gas Token. MATIC is the lifeblood of Polygon PoS. When you conduct any transaction or use an application built on Polygon PoS, you'll pay a small fee in MATIC to use Polygon PoS.

Unlike mainnet tokens, it is possible to acquire testnet MATIC through a Polygon faucet for free! Crypto faucets are generally web-based applications enabling anyone to acquire free tokens. These apps often feature a minimal interface where users only need to enter their wallet address and hit a button.

Please note that a minimum of 1 MATIC and a maximum of 20 MATIC can be swapped at a time. Currently, with 1 MATIC, you will have enough gas to pay for almost 1000 transactions.

MATIC is an ERC-20 token, meaning that it's compatible with other Ethereum-based digital currencies. MATIC (expected to change and migrate to a new token, POL, in 2024) is used to govern and secure the Polygon network and to pay network transaction fees.

Will MATIC reach $100? Whether Polygon (MATIC) can reach $100 is difficult to answer. It might be technically possible, but not within the foreseeable future. This is due to the fact that Polygon's bullish spike would require a significant increase in the adoption and usage of the Polygon network.

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.

Phantom's Swapper now allows you to swap tokens across Solana, Ethereum, and Polygon! If you have ETH, MATIC, SOL or other tokens already in your wallet, click on the swap icon at the bottom center of Phantom.

The most trusted way to access, store and swap your tokens

Swap tokens directly from the MetaMask browser extension, mobile wallet, and MetaMask Portfolio. The Swaps feature combines data from decentralized exchange aggregators, market makers, and DEXs, to ensure you get competitive quotes with the lowest network fees.

You can buy Matic on centralized exchanges, including Coinbase, Kraken and Binance.US. While cryptocurrency was designed with peer-to-peer transactions in mind, centralized exchanges are easier to set up and give quick access to many coins and tokens. However, you'll likely pay a fee when you buy or sell.

Does Polygon use MATIC for gas? ›

Gas Price: Gas fees are determined by the gas price, denoted in MATIC (the native cryptocurrency of the Polygon network). Higher gas prices result in faster transaction confirmations. Fee Payment: Gas fees on the Polygon network are paid in MATIC.

Polygon PoS is a scalable proof-of-stake (PoS) blockchain that complements Ethereum's decentralized security with faster settlement times and greater cost efficiency.

Do I need to pay gas for my transaction? Yes, always. To transact on the Polygon network, you are charged a fee, which is paid out to a miner who processes and validates the transaction. It is important to note that not all transactions will cost the same amount of gas.

How do I connect to the Matic network? To set up the MetaMask for the Polygon, you should add a custom RPC. 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.

Users can also embed utility into their NFTs such as adding social account signature, an option to order physical objects and creating unlockable content. All of this is completely gas-free, thanks to Biconomy.