NiftyKit

How to Convert Matic Token (ERC-20) to Polygon

In this post, you’re going to learn exactly how to transfer Matic purchased on the Ethereum mainnet to the Polygon Matic Layer 2 network, step-by-step.

Here is what we’ll do:

If you’re looking to get your Matic purchased on Coinbase over to the Polygon chain to purchase NFT or participate in Defi without the high fees of the Ethereum, this new guide is for you.

Getting your funds over to Polygon can be a little confusing for some people. While it might seem daunting, it’s actually fairly simple. We will provide a step-by-step guide to get started on Polygon below so that you can purchase Polygon NFTs listed in MATIC.

Step 1: Setup your MetaMask Wallet to use Polygon

Metamask is a browser add-on that manages a user’s Ethereum wallet by storing their private key on their browser’s data store and the seed phrase encrypted with their password.

It is a non-custodial wallet, meaning, the user has full access and responsibility their private key. Once lost, the user can no longer control the savings or restore access to the wallet.

Interacting with NiftyKit on Polygon will be just like on Ethereum, you will use MetaMask to sign and approve transactions to purchase NFTs on the NiftyKit marketplace.

Image of how to set up Polygon on Metamask wallet for your browser Setting up your Metamask to support polygon Matic Ethereum Bridge[/caption]

Time needed: 5 minutes.

Setup your MetaMask Wallet to use Polygon

  1. Install or Open Metamask wallet

    Download and install this wallet so we can create, buy, and sell NFTs

  2. add the MATIC network into the MetaMask settings

    From the main MetaMask screen select the Network drop-down, and click Custom RPC:

  3. Click Settings tab and add name
  4. Settings for Polygon Matic Mainnet Custom RPC
  5. Settings step for Polygon Matic for Metamask wallet[/caption]

    In the Settings tab, you can add Matic Mainnet in the Network Name field

  6. Add RPC URL

     https://rpc-mainnet.maticvigil.com/

  7. Add Chain ID

    137 

  8. Add Currency Symbol

    MATIC 

  9. Add Block Explorer URL

    https://polygonscan.com/

  10. Click Save to connect to Matic’s Mainnet

    You will be directly switched to Matic’s Mainnet now in the network dropdown list. You can now close the dialog.

Step 2: Move Funds from ETH to Polygon

Polygon has its own bridge to get funds over to its network from the Ethereum mainnet.

Polygon wallet v2 for Polygon Mainnet

First, make sure your MetaMask is on the ETH network (in case you’re still on Polygon).

Then visit the Matic wallet bridge here: https://wallet.matic.network/bridge

How to send Matic on ethereum to matic on Polygon mainnet
Animation showing the switch between each network for the Matic token through the plasma bridge Matic

Once you login, this will take you directly to the bridge. Next you need to choose the token (MATIC Token) you want to send over to Polygon. After you select your token, enter the amount you want to send, or click Max to send it all.

Once everything looks good, click Transfer

A message window will pop up. This is saying that the transaction will take a few minutes so be patient.

The next window is the transfer costs that you will need to pay the gas fees in ETH since this is an Ethereum transaction.

Try to do this when gas prices are low, you can check here: https://www.gasnow.org/ – If you are good with the costs click Continue.

Once your transfer is Completed you will now see your MATIC balance populate under the MATIC network.

Step 3: Purchase NFT Using Polygon Matic

Once you have verified that your funds have transferred to your wallet, you can go to https://app.niftykit.com to connect and confirm that you are connected with Metamask and that you are connected to the Matic Network configured in your Metamask in the first step of this tutorial.

How to purchase polygon NFTs with your metamask wallet

Navigate to the NFT that you want to purchase and pay with Matic to complete your purchase.

Please share with any artists, creators, or friends who can benefit from minting NFTs without needed crypto.

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Create Your NFT Storefront on Polygon/Matic

Create a Polygon or Ethereum smart contract for your NFTs and start selling on your storefront today. Polygon NFTs are also available for you to manage when you mint NFTs on NiftyKit’s platform.

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