There are many different ways to send crypto assets, but some of the most common methods are through exchanges, wallets, and external services. Each method has its pros and cons, so it’s important to choose the right one for your needs. This article will show you how to send MATIC to Metamask from Coinbase in just a few minutes.
Steps to Send MATIC to Metamask from Coinbase
- Download and Install Metamask Wallet
- Create or Import a wallet
- Add Polygon Mainnet Network To Metamask
- Look for your Metamask Address
- Access your Coinbase wallet
- Click Trade and Send
- Paste and your Metamask Address
- Verification Code
- Check your Metamask Wallet
Download and Install Metamask Wallet
If you have already downloaded and installed the Metamask wallet, then you can skip this step and continue to the next one.
Download and install the Metamask wallet here https://metamask.io. You can download it on your mobile devices or as an extension. This is available for both IOS and Android devices. For this guide, we will be using the Metamask wallet extension.
After you have done installing the extension, go ahead and click the Metamask extension on the upper right of your browser.
Create or Import a wallet
Just follow the instructions on how to set up your account. This includes creating a new wallet, or if you have an existing wallet, you can use your backup phrase to import your wallet.
For creating a new wallet, you need to copy the secret recovery phrase and save them. After that, you need to confirm your secret recovery phrase in order. Create a strong password for your Metamask wallet and read the tips on how to secure your wallet.
If you have some trouble creating your Metamask wallet, then you can refer to this very detailed guide, “How to Create a MetaMask Wallet: The Ultimate Guide.”
Add Polygon Mainnet Network To Metamask
Now on your Metamask, we will add the Polygon Network. In this guide, we will be using the Polygon network so that the gas fee will be minimal. However, you can send Matic on the Ethereum network, but the current gas price is high compared to Polygon. The difference between the gas price is huge, so I highly suggest using the Polygon network.
To add the Polygon network go to this website polygonscan.com. Scroll down to the bottom of the website and look for the Add Polygon Network button.
There will be a notification on your Metamask extension to add the Polygon Network. Just click approve, then switch to Polygon network.
Look for your Metamask Address
Once you have successfully added the Polygon network, we will look for your wallet address. Click your Metamask extension again and look for your address.
Now we need to copy your wallet address. To copy your address, just click below Account 1 on your screen.
Access your Coinbase wallet
Visit your Coinbase account and log in with your credentials.
Click Trade and Send
Now on the dashboard, look for the Trade button that is located in the upper-right of your screen.
Click the Trade button. After you click the Trade button, you will have different options like Buy, Sell, Send, Receive and Convert. Click the send button.
Paste your Metamask Address
After clicking the send button, you will be on the send screen. The default token will be Bitcoin, so we need to change it to Matic. Just click Bitcoin and type in Matic, then select it.
Now paste your Metamask wallet address in the required field just below the Matic token. The Metamask address is the one we set up earlier in step 4 of this tutorial.
The note is optional. You can write the details of the transaction or anything you want.
Double check everything, like the Metamask address and the number of tokens that you want to send. Once everything is in order, you can click the continue button.
Verification Code
After you click continue, there will be a notification pop-up.
Make sure to check all the necessary details before you proceed. Double-check everything to prevent loss of funds.
Once everything looks good, click the Send now button.
Now you need a code for the verification process. The code will be sent to the mobile number that you registered with your account.
Copy the code and complete the transfer.
Check your Metamask Wallet
After the transfer is complete, you can now check your Metamask wallet. Usually, it would take 30 to 60 seconds for the funds to arrive in your Metamask wallet. But there are instances when the polygon network is congested, so it would take longer than usual time.
That’s it! You now know how to send MATIC to Metamask from Coinbase. Not only with Matic tokens, but you can now transfer any crypto asset as long as it’s available on your Coinbase account.
Conclusion
Coinbase users can easily send their MATIC or any crypto assets to Metamask and start earning rewards for staking or even buying the latest NFTs on the Polygon network. With Coinbase’s easy-to-use interface, users can be up and running in minutes.
FAQ
Why my MATIC token is not showing in my Metamask wallet?
There are rare instances that the transaction will be delayed due to the congestion of the network. If this happens, you can increase your gas fee to a higher amount. To do this, go to your Metamask extension and look for the transaction that is pending on the activity tab. Increase your gas setting to the highly recommended amount. Confirm the transaction and wait for it to complete.
How long does it take to receive Matic on MetaMask?
It usually takes 30 to 60 seconds once the transaction is confirmed. Also, it depends on which network you are sending from. If you’re using the Polygon network, then the process takes around 3 to 5 mins. But if you are in the Ethereum network, it would take from 5 to 30 minutes. It also depends on the activity of the network. Always check the required gas amount for each transaction. You can check it here https://ethgasstation.info.