What Is Polygon?
Polygon (formerly known as Matic Network) is a structured, easy-to-use platform for Layer 2 and infrastructure development.
Polygon plans to be the first Layer 2 solution aggregator on Ethereum, building a modular, universal and flexible scaling framework for Ethereum. A growing number of DeFi projects such as UMA, Aavegotchi, EasyFi and others already support integration with the Polygon network.
OKX (formerly OKEx), a centralized exchange, has also supported the Polygon ecosystem. Users can now transfer a variety of assets from OKX to imToken through the Polygon network, saving more on transfer fees while enjoying faster speed.
Update to imToken's latest version to experience the rich ecosystem of the Polygon wallet ~
Switching to Polygon Wallet
Open your ETH wallet and click “Ethereum” at the top. Choose “Polygon” in the pop-up to switch to the Polygon wallet.
Receiving and Transferring Assets
After switching to the Polygon wallet, click “Transfer” or “Receive” on the asset page to perform corresponding operations.
Click “Receive” and share your QR code with or send the wallet address to the other party to receive assets.
Click “Transfer”, select the asset to be transferred and enter the recipient's address and amount.
Note: please make sure you have sufficient MATIC in your wallet to pay Gas fee before transferring.
Experiencing DApps in the Polygon Ecosystem
Method 1: click “DApps” on the wallet page to visit various DApps in the Polygon ecosystem.
Method 2: on the “Browser” page, you can directly enter the DApp’s URL in the search box to visit it.
Switching Back to ETH Wallet
On the wallet page, click “Polygon” at the top and choose “Ethereum” to get back to your ETH wallet.
Depositing and Withdrawing
You can choose either of the following two ways to deposit:
1. Withdrawing from an exchange to your Polygon wallet in imToken.
2. Depositing tokens from your Ethereum wallet to Polygon one through bridges.
Withdrawing from an Exchange
Take OKX as an example, here are the steps to withdraw from an exchange to your Polygon wallet in imToken.
1. Switch to your Polygon wallet and click your wallet address to copy it.
2. Open OKX, click “Assets” - “Withdraw” and choose the token you want to withdraw. Take MATIC as an example here. On the “Withdrawal” page, please choose “MATIC-Polygon”. After that, enter the amount and copied wallet address then click “Submit” to withdraw.
Note: depositing and withdrawing through the Polygon network are also available in exchanges such as Binance and FTX. However, there are only a limited types of assets that can be withdrawn through these two exchanges.
Depositing and Withdrawing Through Bridges
1. Open your ETH wallet, switch to the “Browser” page, and enter the Polygon Bridge URL https://wallet.polygon.technology/bridge/ to launch the DApp. On the Polygon Bridge page, please choose “Deposit” to select the asset you want to deposit. After that, enter the amount then click “Transfer”.
Note: If it’s your first time to use Polygon Bridge, please click "WalletConnect" - "imToken" and sign the greeting message from Polygon.
2. Click “Continue” on the pop-ups of “Important”, “Transfer Overview”, and “Confirm Transfer”. Then, you can transfer assets from your ETH wallet to Polygon wallet.
1. Switch to the Polygon wallet, and enter the Polygon Bridge URL https://wallet.polygon.technology/bridge/ on the “Browser” page to launch the DApp.
On the Polygon Bridge page, click “Withdraw” to select the asset you want to withdraw. Next, enter the amount and click “Transfer”.
2. Click “Continue” on the pop-ups of “Transfer Overview” and “Confirm Transfer” to transfer assets from your Polygon wallet to ETH wallet. Please note that the withdrawal takes about three hours.
Note: the estimated Gas fee will be shown on the “Transfer Overview” pop-up during depositing and withdrawing.
For best security on large amounts of crypto, consider our hardware wallet, imKey. imKey also allows users to use the Polygon wallet.
Risk Warning: The content of this article does not constitute any form of investment advice or recommendation. imToken does not make any guarantees and promises for the third-party services and products mentioned in this article, nor assume any responsibility. Digital asset investment has risks. You should carefully evaluate these investment risks and consult with relevant professionals to make your own decisions.