Write an article about obtaining MATIC for launch
briangershon opened this issue · 11 comments
For DAO members to mint their token, then need MATIC! And there are many steps involved and added expense.
We need to write an article that provides the best/cheapest/least-friction way to obtain Polygon MATIC.
One idea is using https://www.kraken.com/en-us/
I tried out kraken already and it was quite expensive.
https://support.kraken.com/hc/en-us/articles/360000767986-Cryptocurrency-withdrawal-fees-and-minimums
Additionally it was sent to the ethereum chain, so I had to pay even more gas fee.
The cheapest way I found was over BSC:
https://medium.com/crypto-and-defi/how-to-sent-matic-from-bsc-to-polygon-4bcd815ca49e
I tried it out and it worked like a charm, but I'm not sure how secure this EVO bridge is.
Thanks @sven-so for the info!
Just found out,
Binance can send directly to matic.
I was also curious about MoonPay since they are in various wallets.
Interestingly, they don't offer direct MATIC in the U.S. -- looks like it's similar to Coinbase and only supports MATIC via Ethereum. But non-US can buy Matic directly.
https://support.moonpay.com/hc/en-gb/articles/360009280177-Which-cryptocurrencies-do-you-support-
I wonder if buying Eth and swapping it directly on a DEX may be the easiest?
I ran across this posted in Discord (thread) that mentioned:
There are a list of bridges from the polygon site too: https://wallet.polygon.technology/fast-withdraw
Pay Dirt
Ok, I think I found the best article so far: How to Get MATIC on Polygon: A Step-by-Step Guide
Other articles:
- I've also seen the terms WETH, WMATIC, MATIC. What is WMATIC?
And to keep it interesting, I've found the terminology seems different with each site: WETH, WMATIC, MATIC, "ETH — Ethereum (Polygon)", "USDC on the Polygon network", "ETH Polygon" :-)
Opensea has a guide too: https://support.opensea.io/hc/en-us/articles/1500012881642-How-do-I-transfer-ETH-from-Ethereum-to-Polygon- but I think this is wrapped MATIC?
Cool @briangershon ! Lots of great resources.
So far these seems the most attractive to me (non-us):
- Binance
- Transak
- Moonpay
The article you sent didn't mention prices for transak and moonpay though. Do you know how much these charge in fees?
I seem to recall transak was 3-4% plus a minimum fee last I used it although that was for Ethereum so perhaps different scenario altogether.
I'm summarizing this over in a new Wiki page here: https://github.com/Developer-DAO/pixel-avatars/wiki/Polygon-MATIC
Another recent mention:
"buy LTC (Litecoin) on Kraken where I have EUR sitting, withdraw that to Binance, convert to MATIC and then withdraw to wallet. I found LTC is among the cheapest transaction and withdrawal fees all across, so great for transfer."