Polygon Network is fast gaining popularity as the go-to network in DeFi, gaming, metaverse, and many crypto applications.
NFT marketplaces such as OpenSea, Metaverse projects such as Decentraland, Sandbox, a whole bunch of crypto games, DeFi projects such as Aave, and a bunch more have moved to Polygon. In fact, 7,000+ DApps are on Polygon and it’s 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 WazirX 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: Create a Binance account and connect it to your WazirX
WazirX currently doesn’t allow withdrawing to Polygon chain. But Binance does. So we will transfer tokens from WazirX to Binance.
Create your Binance account here if you don’t have one.
Connect your Binance and WazirX account, if not connected yet. Here is a quick 30 seconds video to guide you.
Step 4: Transfer from WazirX to Binance for ‘zero fees’
Login to your WazirX
Click your ‘Funds’
Select the banner on the top to transfer to Binance.
Let’s say you want to transfer MATIC
Select MATIC, the amount, and hit Transfer.
Step 5: Time to withdraw
Your tokens are now in your Binance account
Log in to your Binance account
Click ‘Wallet’ on the top
Search for your token, say ‘MATIC’
You should see your transferred balance.
Enter your wallet address. This is the address we copied in the previous steps. Double-check the address as funds once lost, cannot be recovered.
In Select Network, select the network as MATIC (Polygon). Be sure to select the right network.
Fill in the amount and hit Withdraw.
Complete the authentication.
You are done!!!
Step 6: Check if your funds have arrived
Once Binance gives you an email confirmation, go to https://wallet.polygon.technology/wallet.
Sign in using your Metamask wallet whose address you used in the previous step.
Your balance will be updated.
Use it to interact with any DApp on the Polygon network.
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.
Check/ reach out to us out here: