More and more Polygon (MATIC) projects are popping up.
This is a short guideline how to send BSC BEP-20 tokens to the Polygon network. There are a couple of ways to sent your tokens from Binance Smart Chain (BSC) network to Polygon (MATIC) network. For some you must pay a lot more transaction fee. This article will show some possibilities and also the cheapest one(at the time of this writing).
- Wallet Matic
- xPollinate
- Binance Bridge
- EVODeFi
- ZERO Transfer
- MXC
The $MATIC token address on BSC: 0xcc42724c6683b7e57334c4e856f4c9965ed682bd
Within BSC you can swap $MATIC on ApeSwap: https://dex.apeswap.finance/#/swap
Note: I tried on PancakeSwap but the liquidity was too low and price impact too high
Fee: 2 $MATIC (Around 4$)
When the $USDC is sent to Polygon, you can swap $USDC to $MATIC on Polygon with QuickSwap exchange.
Fee: 1.6$
As you can see from 349 $MATIC you have on BSC, you will eventually receive 346 $MATIC on the Polygon network.
In case you have not done this already, you need to add the Polygon network to your MetaMask.
- Goto your MetaMask and select “Custom RPC”
- Fill in the following fields
- Select “Move funds …”
- Enter the amount of $ETH you want to transfer
Notes:
- Notice that before you can do this, you will have to have $ETH on your Ethereum network, so in that case you first need to swap $MATIC to $ETH on Binance and sent it to your MetaMask wallet on the Ethereum network (ERC20)
Conclusion
- You have to pay high fees on Ethereum
- You cannot sent $MATIC directly
This is a multi network bridge project and can be found here: https://www.xpollinate.io/
This bridge supports:
- xDai Chain
- Matic
- Fantom
- BSC
The steps:
- Connect your MetaMask wallet with Binance Smart Chain network
- Select the coin you want to sent (only $DAI, $USDC and $USDT supported)
- Select Matic Mainnet
- Fill in the receiver address (this can be the same MetaMask wallet address as you use on your BSC network).
- Press “SWAP”
Conclusion
- Low fees on BCS and xPollinate
- You need to swap your $MATIC to $DAI or one of the two other coins first
Binance Bridge
This site only bridges from BSC to Ethereum and vice versa.
Conclusion
- High gas fees !!
- You need an extra step from Ethereum to Polygon (you can use Matic Wallet for this)
EVODeFi
This project also has a BSC to Matic bridge, just goto: https://evodefi.com/bridge
