Polygon (MATIC)

What is Polygon (MATIC)? 

Polygon (MATIC) is an Ethereum token that powers the Polygon Network, a multichain scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain. Users can deposit Ethereum tokens to a Polygon bridge smart contract, interact with them within Polygon sidechain, and then later withdraw them back to the Ethereum main chain, if need be. The MATIC token is used to pay transaction fees and participate in proof-of-stake consensus.

What products support Polygon (MATIC)?

  Send/Receive Full Trading
Coinbase         ✔  ✔
Pro         ✔  ✔

What regions support Polygon (MATIC)?

Coinbase     ✔    ✔  ✔       ✔
Pro    ✔   ✔   ✔        ✔

*NY Excluded

Which regions support converting Polygon (MATIC) to fiat currencies?

  United States    United Kingdom    Europe  
        USD          GBP    EUR

Availability of Crypto to Crypto Trading by region

  BTC    USD    New York 
United Kingdom
   ✔    ✔        ✔          ✔

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

How many confirmations are needed for Polygon (MATIC)?

Polygon (MATIC) requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts Polygon (MATIC)?

Polygon (MATIC) is hosted on matic-token.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

  • There is a withdrawal minimum of 265 Polygon (MATIC) and maximum of 6,250,000 to send from Coinbase Pro to an external address 

Was this article helpful?

Can’t find what you’re looking for?

Contact us