Tribaldex as an alternative for converting ERC-20 MATIC to Polygon
Everyone can relate to high gas fees on Ethereum-based transactions.
The other day I finally set out to move my Polygon gaming NFTs on OpenSea to my Ledger hardware wallet. I quickly realized that in order to do this I needed some Polygon (MATIC) for the very small transaction fee with each transfer (a few cents). I have a bunch of old ERC-20 MATIC, but didn't have any Polygon (MATIC).
The recommended methods to obtain Polygon (MATIC) - Uniswap, Polygon Bridge, etc. - were not attractive due to the fees involved (~$100). You can purchase Polygon (MATIC) on Coinex with USDT, but there are exchange-based transfer fees with USDT as well.
A conundrum.
Then, I started digging into the Tribaldex, a Hive engine exchange where I read these types of swaps are possible. I learned you can swap HIVE for Polygon (MATIC), and realized that this would be the most frictionless transaction!
So I used a very small amount of SWAP.HIVE I had siting in my wallet .09 HIVE as I recall, and I swapped it for SWAP.MATIC.
I was almost expecting for SWAP.HIVE to not transfer to my MetaMask wallet, but lo and behold - it worked! I got around .05 Polygon (MATIC), but this is all I needed to move a few of my NFTs from OpenSea to my Ledger wallet because Polygon transactions fees are so low!
I couldn't keep this a secret!
I told the other communities I'm in about my find, as others were struggling with the same issue. Hopefully this will lead more people to the Hive blockchain and they'll realize how awesome it is!
So in case you are wanting to do this, the steps I took were:
- Buy some HIVE on your exchange, and transfer to your Hive Wallet
- Login to https://tribaldex.com
- Deposit a tiny bit of HIVE into your Tribaldex wallet (small fee)
- Search for SWAP.MATIC under Tokens
- SWAP.HIVE for SWAP.MATIC (I just did a market order)
- Add the Polygon network and MATIC token to your MetaMask wallet
- Transfer SWAP.MATIC (shows up as Polygon (MATIC) in token dropdown) to your MetaMask wallet address
Congratulations @protosphere! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 100 comments.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
Great hidden information (now revealed) to know, thanks!
Ho Ho Ho! @protosphere, one of your Hive friends wishes you a Merry Christmas and asked us to give you a new badge!
The HiveBuzz team wish you a Merry Christmas!
May you have good health, abundance and everlasting joy in your life.
To find out who wanted you to receive this special gift, click here!
You can view your badges on your board and compare yourself to others in the Ranking
Check out the last post from @hivebuzz:
Congratulations @protosphere! You received a personal badge!
Wait until the end of Power Up Day to find out the size of your Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!
Congratulations @protosphere! You received a personal badge!
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!
Hello my friend @protosphere we had a big glitch and PSX was sent out by accident, if you could return it all or keep 10% and power it up we would be so very appreciative as this error could cause some harm in such an early time for the economy, thank you for supporting the project and if you return them all let me know if you would like a Land plot instead, I am happy to send 1, also @rentmoney who received a large amount will be offered the same Land plot unless you want a similar amount of crates let me know I will get it facilitated. Thank You