Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks, aggregating scalable solutions on Ethereum, and supporting a multi-chain Ethereum ecosystem.
Polygon combines the best of Ethereum and sovereign blockchains into a full-fledged multi-chain system. It solves pain points associated with Blockchains, like high gas fees and slow speeds, without sacrificing security. It is able to fully benefit from Ethereum’s network effects, inherently more secure, and more open and powerful.
Learn more about the Polygon here.
Receive MATIC
Go to your home screen
Tap [Receive]
Select MATIC
Make sure you choose the correct network to receive MATIC, Crypto.com DeFi Wallet app currently supports the native Polygon network and ERC20
Copy / share the QR code of your MATIC address with your sender
Send MATIC
Go to your home screen / MATIC wallet
Tap [Send] and select MATIC if you enter via home screen
Paste/scan the QR code of the MATIC address of your recipient
Tap [Next]
Enter the send amount and tap [Send]
Select the correct network to send your MATIC tokens, Crypto.com DeFi Wallet app currently supports the native Polygon network and ERC20
Review your recipient address, send amount, estimated network fee, and the total amount
To send a native Polygon token, you’ll need MATIC as a network fee
To send ERC20 token, you’ll need ETH as a network fee
Tap [Confirm to send]
Authorize the send transaction with your passcode (and 2FA code if enabled)
See the pending to be sent screen and wait for the on-chain confirmation of your MATIC sending