[GUIDE]: How to move your tokens from CoinDCX to Polygon Network?
Polygon Network (also known as MATIC Network) is an Indian-origin project that has become supremely popular for everything crypto from DeFi, metaverse, gaming, to much more.
With over 7,000+ projects, including the most popular ones such as OpenSea (NFT marketplace), Decentraland and Sandbox (Metaverse), Aave (DeFi), Crazy Defense Heroes, Arc8 (Gaming), Polygon is scaling exponentially.
The reason — low fees. If you are planning to use any DeFi, Metaverse, gaming DApp, or simply HODL your tokens, doing it on Polygon Network can save you a ton of fees.
In this article, we will explore how to transfer your ERC-20 tokens from your CoinDCX to your Polygon Network-enabled wallet.
Before you begin, make sure you have a Metamask account, with which you can connect to the Polygon Network. If you don’t know how to connect the two or don’t have a Metamask account yet, check out this step-by-step guide to take you through.
Ready? Here we go.
Step 1: Ensure your token is available on Polygon Network
There are 350,000+ ERC-20 compatible tokens but only 1,800+ are available on Polygon. Polygon is selective but chances are if you are dealing in an adequately liquid token, you will find it on Polygon. Check if your token is on Polygon Network here.
Step 2: Copy your Metamask Account Address
Open your Metamask and click on your account to copy your address. This is the address where we transfer tokens. You can check the same balance in Metamask and the connected Polygon Wallet.
Step 3: Log into your CoinDCX Account
Log in to your COINDCX account
Click and go to your ‘My Investments’ tab
Step 4: Select your withdrawal token
Select the token you want to withdraw. Let’s say you want to withdraw Polygon (MATIC).
Tap on the three dots icon on the top right to open the menu.
Select ‘Send Polygon’.
Step 5: Enter the wallet address and details
Paste the address copied in Step 2 above.
Enter your withdrawal amount. Be mindful of fees. You can check CoinDCX’s updated withdrawal fee structure here.
Enter your password and proceed for 2FA (two-factor authentication), and email verification, if requested.
Step 6: DONE!!
You should receive your tokens in your Polygon Network-enabled Metamask wallet in 5–10 minutes.
Sign in using your Metamask wallet whose address you used in the previous step.
Your balance will be updated.
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Girnaar Nodes: If you are as excited about Polygon’s future as we are, then you must hold some Polygon (MATIC) tokens.
If yes, then why simply buy and hold? Stake your tokens and see your bag of Polygon (MATIC) tokens grow. Staking Polygon token on the blockchain gives you an extra return in MATIC terms, and you can withdraw anytime. All on blockchain and 100% secure.
Girnaar Nodes is an Indian-origin validator on Polygon with top performance and 0% commission. Stake your MATIC tokens with us directly on the Polygon blockchain. See your Polygon (MATIC) bags grow while we work on the tech under the hood.
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