If you have already installed the extension, you can skip this step since installing again will not be needed. Our platform earns commissions through partnerships and sponsors, which is how we support our analysts. This arrangement, however, does not influence our impartial reviews. Click on “Approve” to add the Polygon Network to your MetaMask wallet.
Repeat your seed phrase by clicking on the words at the bottom of the screen in the correct order. The mainnet uses a Proof of Stake (PoS) consensus algorithm, which reduces the computational requirements needed to validate transactions, resulting in faster and cheaper transactions. We hope this guide has provided you with the knowledge to add the Polygon network to MetaMask and use it effectively.
Step 3: Transfer Tokens to Your MATIC Network
We write product reviews and comparison articles in the field of cryptocurrency. Hold your horses, because there are still a couple more steps to complete before we can interact with the dApps on Polygon. Now that we’ve learnt about both Metamask and the Polygon PoS sidechain, you’re probably wondering how to get started on both. Now, tap on Submit and complete the 2-step verification by providing the code sent to your phone number, email, and/or authenticator app (Google or Binance authenticator).
This feature not only incentivizes users to participate in network security but also provides a reliable way to grow holdings over time. Polygon’s mission is to address the scalability challenges currently faced by the Ethereum blockchain. The Ethereum network, in its present state, can only process a finite number of transactions per second. This limitation can result in elevated transaction fees and delayed confirmation times during periods of high network activity. Polygon, initially known as Matic Network, provides a scalable solution alongside the Ethereum blockchain. It stands out as a game-changer layer-2 project in the Ethereum ecosystem.
Some of the popular centralized exchanges where you can purchase MATIC are Binance, Coinbase and Kucoin. Once you’ve added all the requested information, click ‘Save’ to add the network to your wallet. To add the Polygon PoS sidechain to your Metamask wallet, you need to click on the browser extension and then click on the drop-down menu. Now that your wallet is set up, you’re probably eager to connect to the Polygon PoS network to start interacting with the different dApps on the network. Since the Polygon network is a side chain of Ethereum and an EVM-compatible network, it can be added to Metamask just like other blockchains which are compatible with the Ethereum Virtual Machine (EVM).
Switching Back to Ethereum or Other Networks
A secure and widely used browser extension and mobile wallet that supports ERC-20 and Polygon network tokens. MetaMask is ideal for users looking to interact with dApps, DeFi platforms, and NFT marketplaces. Its multi-network compatibility allows seamless asset management across Ethereum, Polygon, and other blockchains. A user-friendly and highly popular Polygon wallet, perfect for beginners and DeFi users. It offers a sleek interface, seamless dApp integration, and built-in staking, making it a go-to choice for those looking to engage in NFTs, DeFi, and token swaps. Trust Wallet also supports multiple blockchains, ensuring accessibility across different ecosystems.
- Once set up, your wallet can send and receive assets on Polygon while remaining Ethereum-compatible.
- Always remember to install the wallet from the original URL as there is no shortage of scammers out there.
- Integrating the Polygon network with your MetaMask wallet expands your blockchain capabilities, allowing for cheaper, faster transactions and access to a broad ecosystem of decentralized applications.
- This feature not only incentivizes users to participate in network security but also provides a reliable way to grow holdings over time.
- And we’re not talking about different blockchain networks, though there is no shortage of that either.
- Polygon is a blockchain scalability platform and framework for connecting and building blockchain networks compatible with Ethereum.
Once done, your wallet will automatically link your existing wallet address to the polygon network. Once you’ve received the MATIC tokens in your wallet, we can start with our first transaction. This can be interacting with a smart contract on a dApp or sending some MATIC tokens to other wallet addresses that belong to your friends. Polygon mainnet is the production-ready version of the Polygon network, a Layer 2 scaling solution for Ethereum. The mainnet is the live version of the network that is open to the public and used for real-world transactions and interactions with decentralized applications (dApps) and smart contracts. The Polygon network differs from other networks in several ways.
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Its ecosystem supports DeFi, gaming, and enterprise use while remaining fully EVM-compatible. To receive Polygon (MATIC), copy your wallet address and send it to the sender. To send Polygon (MATIC), click on “Send”, and paste the wallet address of the receiver. After you’ve added the Polygon network to MetaMask, you’ll be able to send or receive Polygon (MATIC) in your wallet. Then, enter the number of tokens you want to transfer and click ‘Transfer’ to finish the transfer process.
As of February 2023, Polygon processes around 3.5 million transactions per day from over 130,000 active users. It now powers many major DeFi apps, NFT and metaverse projects, and Web3 systems. predictions point to bitcoin could quadruple in 2021 similar to the 2017 parabolic rally Instead of transacting directly on Ethereum Layer 1, Polygon offers an optional sidechain that handles transactions off-chain and periodically commits data back to Ethereum. This keeps Ethereum decentralization intact but allowsPolygon to use other mechanisms to greatly improve transaction throughput and costs. In June 2021, Polygon introduced Polygonscan, a blockchain explorer that allows users to fetch all blockchain data available on any platform.
How to Connect Metamask to the Polygon Network? A step-by-step guide
- MetaMask is a free web and mobile crypto wallet with over ten million active monthly users.
- As a result, different networks can be created for specific use cases, such as gaming or DeFi, while maintaining interoperability.
- Before adding Polygon (MATIC) to MetaMask, ensure you are connected to your existing MetaMask wallet.
- Once copied, you can enter the address when requested while withdrawing tokens from the centralized exchange to your wallet.
- With multiple wallet options available, understanding the benefits and trade-offs of each type is essential for safeguarding assets and optimizing your Web3 experience.
Once you have created an account on Binance, purchase some MATIC using your credit/debit card, direct bank deposit, third-party payment providers, or via P2P before moving on with the guide below. Binance provides an excellent tutorial on how to do that in this article. Once your wallet is unlocked, tap on the Menu Icon on whats behind the meteoric rise in obscure cryptocurrency cardano the top left corner of the Metamask app home screen/dashboard. On the next page, input the custom RPC endpoint for the Polygon Main Network outlined below in the appropriate fields as seen in the next screenshot. Now, click Add Network on the dialog to add a new network (Polygon) to your Metamask wallet.
To connect the Polygon network to your Metamask manually, follow the below-mentioned steps. To connect the Polygon network to your Metamask manually using Polygonscan, follow the below-mentioned steps. Upon adding that information, you will be brought back to the wallet screen.
Choosing the Right Wallet for Your Polygon (MATIC) Tokens
On the “Popular” tab, tap on Polygon Mainnet to add the MATIC Mainnet to your wallet. Enter your account password and click on Unlock to unlock your wallet. If you haven’t installed the Metamask extension on your browser, you can get the correct version for your browser on the Metamask download page.
Access Polygon by adding it as a network in your MetaMask wallet. Once added, you can switch to it from the network dropdown in MetaMask. You can add Polygon to MetaMask automatically by visiting Polygonscan and clicking on the “Add Polygon Network” button. This will prompt MetaMask to add the network with pre-filled details.
Before adding Polygon (MATIC) to MetaMask, ensure you are connected to your existing MetaMask wallet. Open the MetaMask extension and unlock your wallet using your private key. Once your MetaMask wallet is connected to the Polygon network, you can take advantage of various opportunities and functionalities with MATIC (Polygon) tokens. MetaMask, one of the most widely-used cryptocurrency wallets, serves as a iov labs ups stake in coinsilium as jv expands worldwide to capture bitcoin boom gateway to the decentralized web. You’ll need to add the following details on the Add a network page that will open. You’ll now have to repeat your seed phrase by selecting the words at the bottom of the screen in the right order.