How to move funds on to Polygon?

How to move funds on to Polygon (step-by-step)

You can either directly withdraw MATIC from an exchange to your web wallet, or move over existing funds to Polygon network. The last option is described in this help article. In case you have ETH or MATIC on the Ethereum mainnet, you need to transfer it to MATIC on the Polygon chain in order to mint a Dizzy Dino.

Step 1: Log on to the Polygon V2 Web Wallet

All of the funds within MetaMask might initially be sitting on the Ethereum network. To transfer funds on to the Polygon blockchain you need to log on to the Polygon v2 web wallet.

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Step 2: Connect your wallet to Polygon web wallet

Before accessing the site you will be prompted to connect your Web 3.0 digital wallet. In this example we would click on MetaMask. A prompt will open from your MetaMask asking for confirmation of connection. Click "Sign".

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Step 3: Access MATIC bridge

Click "Deposit" on MATIC.

Step 4: Transfer MATIC from Ethereum network to Polygon network

The Polygon Bridge enables users to deposit funds from the Ethereum blockchain to the Polygon blockchain. You need to have either ETH or ERC-20 tokens in your Ethereum mainnet MetaMask wallet. On the Polygon Bridge screen, select the cryptocurrency you would like to transfer and enter the amount. You will need to transfer MATIC to the Polygon network in order to mint a Dizzy Dino.

Note: The "Transfer Mode" used for transferring funds to Polygon is the PoS, or proof-of-stake, bridge. The proof-of-stake bridge takes approximately 7-8 minutes to transfer funds to the Polygon blockchain.

Once you're happy with the amount, click "Transfer". The following popup will outline the estimated time for the transaction. Click "Continue".

Step 5: Confirm transaction

The last prompt will highlight the Ethereum gas fees required to move funds from your Ethereum wallet to Polygon. Click "Confirm". Once the transaction is confirmed, it will take roughly 7 minutes for them to be confirmed in your Polygon address. The funds will then appear within your Polygon v2 web wallet.

Once you have funds on the Polygon blockchain you can begin using them with either Polygon or Ethereum-based DeFi applications. This can significantly reduce your transaction fees.

Using funds from your Polygon wallet

Once you have successfully connected your MetaMask wallet with Polygon, and deposited funds on to the Polygon blockchain, those funds can be utilised on any application associated with the Polygon blockchain or on any compatible Ethereum DeFi application. As funds are being distributed using the Polygon Layer-2 solutions, transaction fees are considerably less than if the same transaction was taking place on Ethereum.

Note: To perform transactions on the Polygon blockchain a user must hold MATIC tokens within their Polygon wallet. The MATIC tokens are required for gas fees on the network. If you don't own any MATIC yet, jump to the table to compare exchanges that trade MATIC.

More than owning a digital asset.

Never was it so cool to own a digital asset. Dizzy Dinos' holders can take benefit of so much more than just a digital artwork.

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