One of the most popular and well-known digital coins is Ethereum. This cryptocurrency has attracted everyone’s attention. Thus, it is not surprising that the ETH / Matic exchange is among the most popular, along with converting crypto to fiat money. There are many options to carry out this operation, so let’s take a closer look at how to exchange eth to matic.
What is Ethereum
The Ethereum cryptocurrency is considered one of the most promising. It has consistently ranked second in capitalization after bitcoin for several years. Many experts predict further price increases.
Ethereum is a popular investment tool. The “buy and hold” strategy, which involves the purchase of cryptocurrency for several years, works well. So, knowing where and how to exchange Ethereum (ETH) to buy or sell is essential.
What is Matic
Polygon (MATIC) is a new project that aims to address the scalability issues currently seen in most Ethereum-based cryptocurrencies. Here, these problems are planned to be eliminated by using side chains. The result of improved scalability is lower expenses and more immediate payments.
What are the ways to exchange cryptocurrency?
Given the prevalence of Ethereum and Matic digital coins, almost all services support this pair in both directions. The user can choose the most convenient and profitable way to exchange these cryptocurrencies. Among the most popular options are the following:
- conversion through a cryptocurrency exchange;
- using the services of online exchangers;
- exchange within a cryptocurrency wallet.
Each of these approaches has its drawbacks and benefits.
Conversion via a crypto exchange
This track pledges a reasonable exchange rate and many escape plans. Besides, reputable services ensure the security of the contents of their client’s accounts. But, this option is not suitable for those clients who value privacy. On crypto exchanges, before withdrawing funds, it is needed to go via a verification process with the provision of scanned documents of records including personal data.
Then the question arises of how to withdraw Ethereum or matic (depending on the direction of exchange) from the exchange. The administration of the crypto exchange took care of this. The site supports most of the major payment systems through which you can transfer the crypto to your wallet or withdraw it to fiat.
Transfer of Ethereum to Matic through exchangers
There are dozens of online services on the Internet for converting various currencies, including usdc to sol. They are very convenient in terms of anonymity of transfers and fast service. Most exchangers work in manual or semi-automatic mode, which applies contact with the operator. Exchange offices support the conversion of cryptocurrency into another crypt (from among the leading ones), fiat money, or title units of payment systems. It is also possible to receive money via bank transfer, card, or cash.
Conversion within a crypto wallet
Another way to transfer Ether to Matic is to take advantage of the possibilities of multicurrency wallets. They keep some digital coins and maintain broad functionality. In particular, many of them have the function of internal cryptocurrency exchange inside the wallet. In this case, the transaction is carried out instantly, and no commission is charged. Money is usually credited to the account quickly, but sometimes, depending on the network load, it can take several hours.