This requires additional network information to your wallet. The first thing you’ll need to do is open your MetaMask wallet and select the dropdown menu titled Network. Your MetaMask wallet is now ready for you to deposit funds into it.
Solution Providers Network
Once you have your recovery phrase safely saved, click on the Next button to continue to the next step. After you’ve set up your password, MetaMask will provide a video explaining the security of your seed phrase and why it’s important. Watch the entire video and read the pertinent information about how MetaMask keeps your funds safe through the use of a recovery phrase.
Getting Started With MetaMask on Polygon
Another alternative is the Polygon bridge, which lets you exchange ERC-20 (Ethereum network) MATIC for MATIC that you can use on Polygon, and vice versa. Simply connect your MetaMask wallet, and choose how much you want to deposit. The option to connect your wallet will appear in both cases. Then, click the network selection dropdown menu icon, the one that says ‘Ethereum Mainnet’ at the top right of the extension window.
- You’ll need to sign the transaction; this won’t cost you any fees.
- Your MetaMask wallet is now ready for you to deposit funds into it.
- After you’ve clicked on “Save”, you’ll be automatically switched to the Polygon Mainnet network in the network dropdown list.
- The exchange’s wallet is unlikely to support Polygon, and will likely use Ethereum instead (with the ERC-20 MATIC token).
If the name of the cryptocurrency is confusing you, remember how we told you a little piece of Polygon’s history about it being called the Matic Network. So, the network rebranded, but changing the name of the currency isn’t easy since it means reconfiguration at the smart contract level. Polygon is one of the most popular layer 2 Ethereum solutions. One can glance at its increasing popularity through its recent partnerships with Meta and Nike.
To add a new network, you need how to calculate interest rates on bank loans to fill up the fields. If you haven’t downloaded MetaMask on Chrome yet, you need to do so and create a wallet. To add Polygon to MetaMask, you need to log in to MetaMask and add a new network.
Go to wallet.polygon.technology to connect your Polygon wallet. You can also directly click the ‘Polygon Bridge’ option from the screen (if you don’t click it now, you’ll have to click it after connecting the wallet). Whether you’re creating a new wallet or importing an existing one, you’ll have to create a new password for it. Once you install the extension, you can either import your existing wallet or create a new one. Even if you have an existing MetaMask wallet, you can create an entirely new one for Polygon to keep them separate. Additionally, you can also create a separate account for Polygon within your existing wallet.
We’re explaining the steps to add the Polygon network for the browser extension, but the steps to add the network from the MetaMask mobile app are the same. Once you set up a password and complete the steps regarding the secret backup phrase, your MetaMask wallet will be set up. Go to metamask.io on your preferred browser to download the MetaMask wallet. Always remember to install the wallet from the original URL as there is no shortage of scammers out there. If downloading as a browser extension, you can use it on these browsers – Chrome, Firefox, Brave, and Edge browsers. You can use it by “bridging” some of your crypto over to Polygon.
Then, enter the number of tokens you want to transfer and click ‘Transfer’ to finish the transfer process. But do note that the process to transfer the tokens will require a transaction fee. Once the wallet is connected, you might be asked to switch to the new wallet view.
The wallet creation process requires you to store a recovery phrase and create a password. After you’ve added the Polygon network to MetaMask, you’ll be able to send or receive Polygon (MATIC) in your wallet. Keep this information private and never share it with anyone else. This list of 12 words is the final security measure for your wallet and funds.
Step 2: Add Polygon Network to Your MetaMask
If you don’t already have it, follow the steps in this section. The most important question that’ll come to your mind when adding Polygon to MetaMask is about the safety of it all. If MetaMask is configured to run with Ethereum, should you be connecting it to Polygon?
There are several ways you can download and install MetaMask. Most people prefer to use it in their browser, but the wallet is only supported through Chrome, Firefox, Brave, and Edge. However, you can also add it to your smartphone or tablet as Meta Mask supports both Android and iOS devices. Don’t worry though, we’re going to tell you how to add MATIC network to MetaMask wallet in the guide below. However, do note that you will only be able to transfer these tokens from a fellow Polygon wallet user.
Recovery phrase safety and importance
Whether you want to switch or not is entirely up to you. After that, click ‘Bridge’ from the navigation menu on the left of the Polygon Bridge screen. You can add the Polygon network to your MetaMask wallet on both the mobile app and the browser extension.
Now, you need to enter your password and click on “Unlock” to log in to your MetaMask wallet. The network that you’ll want to add is the Polygon-Mainnet network. To examine the flow of funds in your accounts on the Polygon network, you need to add Polygon to MetaMask. Before you import your wallet or set up a new one, MetaMask will ask if you want to share your anonymous data to help improve the wallet. You’ll see a list of information MetaMask will and will not collect.
Previously known as the Matic Network, Polygon is a layer 2 scaling solution (or “sidechain”) built on the Ethereum network. But one thing everyone knows for sure is that you’re going to need a wallet. And if we’re on the subject of a crypto wallet, MetaMask is almost always a part of that conversation. After you’ve clicked on “Save”, you’ll be automatically switched to the Polygon Mainnet network in the network dropdown list. You can now send and receive MATIC tokens into your MetaMask wallet. You can also access and interact with any dApps available on the Polygon network.
If you want to confirm that MATIC was added successfully, go into your wallet and look for the MATIC icon. You can also confirm by choosing the network selection dropdown and confirming Polygon Mainnet is listed. Click the Save button once you’ve entered everything and you’ll establish a connection to the Polygon network. Now you’ll have to prove that you actually saved your recovery phrase.
