Zengo offers you a safe and secure platform to swap Bitcoin (BTC) for Polygon (MATIC). With a few taps on your mobile, you can trade BTC tokens for MATIC. In this guide, we will walk you through how to trade BTC for MATIC or vice versa.
Bitcoin (BTC) is one of the earliest and most popular cryptocurrencies. Initially introduced in 2008 and launched in 2009 by the anonymous figure Satoshi Nakamoto, its global popularity has grown rapidly. Operating autonomously from conventional banking, it promotes decentralized financial governance. Bitcoin records transactions using a network of interconnected data blocks called the Bitcoin blockchain. It also utilizes a proof-of-work (PoW) algorithm, allowing coin creation via mining. Its open-source character ensures wide accessibility, making it a top choice for trading and purchasing.
Polygon (MATIC) was founded by software engineers Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun in 2021. Polygon is a blockchain scaling platform. MATIC, the native token of Polygon, is an ERC-20 token on the Ethereum network. Although MATIC is an ERC-20 token, it also operates as a native token on the Polygon network. It aims to provide a scalable and adaptable framework for building and connecting blockchain networks. This enables holders to interact with decentralized applications (DApps) and smart contracts on a scalable and cost-effective platform. Unique features include a multi-chain architecture, which supports multiple layer-2 solutions and sidechains, and a modular and flexible design. Polygon was initially designed to improve Ethereum without losing its decentralized nature.
Trading Bitcoin (BTC) for Polygon (MATIC) is safe and effortless with the Zengo wallet. To begin, download the Zengo app from the Apple App Store or Google Play. After setting up your account, you are ready to start trading.
Once your Zengo account is ready, follow these steps to trade your BTC for MATIC:
Open the Zengo app and select the “Actions” button in the main menu.
Choose the BTC and MATIC (You can select the ERC-20 or Polygon version) currencies (or vice versa) and input the amount you want to swap.
Carefully review all the details and click “Confirm.” Once your trade has been completed, Zengo will send you a notification.
Zengo ensures an easy and efficient trade between BTC and MATIC. Other key reasons to use Zengo as your crypto wallet are:
With Zengo, you have the option to trade, buy, and securely store many cryptocurrencies, including popular coins like Bitcoin, Ethereum, and Tether, and other tokens like Dogecoin and Chainlink. Additionally, since Zengo is a Web-3-ready wallet, due to its WalletConnect functionality, it is possible to connect to a variety of decentralized applications (Dapps).
Using MPC technology, biometrics, and a 3-factor authentication system, Zengo replaces the standard keys with high-security measures for your crypto portfolio. Additionally, a powerful Web3 firewall protects you while interacting with Web3 Dapps. You can learn more about Zengo’s advanced security measures here.
Zengo’s non-custodial wallet design prioritizes your control over private keys, offering safe and secure access to your cryptocurrency holdings. With its intuitive design, the app reduces the chances of errors while giving you complete authority over your funds.
Zengo offers a platform where you can affordably trade a range of crypto assets. In addition, Zengo has no transaction fees for sending and receiving cryptocurrencies; however, it is essential to note that third-party fees may still apply. As well you can choose how much gas you want to pay. Paying less and waiting longer for a transaction to go through is an option, as is paying more and getting it done faster. Find out more about our custom network fees here.
With Zengo’s advanced biometrics and keyless recovery system, you can regain access to your account even if your device has been lost, stolen, or broken. To have your account back, download the app again and sign in using your facial ID.
Cryptocurrency trading and investments can be exciting and profitable. But remember, cryptocurrency markets are unstable, and the prices constantly change. Zengo provides a safe and secure platform for your digital holdings; however, we do not provide any financial advice. You should always conduct your research before investing in cryptocurrency or NFT.
Check the FAQ section below for questions about swapping BTC to MATIC with Zengo.
Bitcoin (BTC) is the first successful cryptocurrency operating on its blockchain platform. It is designed to function as a decentralized digital currency, enabling peer-to-peer transactions without intermediaries. Unique features include its limited supply of 21 million coins and the proof-of-work consensus mechanism for mining new coins. On the other hand, MATIC is a Utility Token operating on the Ethereum blockchain. It is designed to enable high-performance blockchains, allowing holders to create and interact with decentralized applications (DApps). Unique to Polygon is its Layer 2 scaling solution and sidechain technology, which enables high transaction throughput and low fees.
Using Zengo to trade BTC for MATIC, you simply use the app’s integrated crypto swap feature to trade BTC tokens for MATIC tokens or the other way around.
Having a crypto wallet is necessary if you want to exchange BTC for MATIC tokens. Zengo wallet offers high-security measures, making it a perfect option for holding, swapping, buying, and managing assets.
Yes, there might be differences in the minimum trading amount between BTC and MATIC, depending on the cryptocurrency market. Access the Zengo app’s trading function and select the trading pair to learn the current minimum amounts. To learn more about Zengo’s fees and limits, click here.
Zengo offers trading for BTC, MATIC, and numerous other cryptocurrencies, including ETH, DOGE, LINK, XTZ, SAND, and VGX. While there’s a broad selection, some pairs might not be available due to market conditions. To check availability, click “Actions,” then “Trade,” and select the currency you want to trade.
Using Zengo, you can transfer cryptocurrency to other wallets safely and securely. As a first step, sign into the Zengo app, choose the cryptocurrency you want to send, press “Actions,” tap “Send,” provide the amount and target wallet address, and then follow the on-screen steps to confirm the transfer.
You will know your trade has been completed when you see “Trade Received” instead of “Trade Pending” in your transaction history. A push notification on your device will also inform you when your trade is completed.
Yes, with Zengo, you can both buy Bitcoin and Polygon. To make the purchase, open the Zengo app, click “Actions,” go to “Buy,” and decide on the token you want to buy. Through Zengo’s fiat-to-crypto on-ramp gateway, acquiring various tokens with fiat currency is possible. We accept various payment methods, including MasterCard, Visa, Apple Pay, and bank wire transfers.
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