Trust Wallet Now Supports $MATIC, Layer 2 Polygon, Offering the Cheapest Route Out of Binance

0
213
JOIN US ON TELEGRAM

Binance has become the latest wallet and exchange to offer support for $MATIC, the native token on layer 2 scaling platform, Polygon via the Trust Wallet, one of the biggest mobile wallets.

Binance users are now able to withdraw $MATIC from their Binance wallet directly to their wallet on the Polygon Mainnet. With a transaction fee of 0.1 MATIC, this now represents the cheapest route to transfer MATIC from Binance.

___________________________________________________________________

SEE ALSOOpenSea, One of the Largest NFT Marketplaces, Raises $100 Million and Moves to Support Polygon Layer 2

___________________________________________________________________

In addition, to Trust Wallet, one of the largest wallet apps, MyEtherWallet, is also adding MATIC to their respective services.

“Starting today, you can select Polygon from the dropdown list of networks in your MEW wallet app to send transactions, swap tokens, and explore Polygon DApps in the Browser right from your phone.”

                             – MyEtherWallet

The platforms are attracted by the opportunity for users to make use of the low gas fees that Polygon offers. They would also be able to perform transactions very quickly which would not only be useful for existing users but also attractive for new ones.

Polygon has been growing and expanding with more users and developers building on it. The network now supports over 500 dApps.

In recent motnhs, Aave and Sushiswap have similarly onboarded the platform citing incredibly low access fees and faster transaction times for their users with remarkable success.

Transaction volumes have also been growing with the average daily volume exceeding Ethereum volumes on some days. Gas fees are less than that on the ethereum network by 500 times.

$MATIC price currently stands at $1.02, rising from $0.8 seven days ago.

____________________________________________________________________

RECOMMENDED READING: Balancer Becomes the Latest Decentralized Exchange to Launch on Polygon

____________________________________________________________________

Thank you for your support by helping us create content:

BTC address: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT

____________________________________________________________________

Follow us on Twitter for latest posts and updates

Join and interact with our Telegram community

_____________________

Subscribe to the channel below to keep updated on latest news on video:

______________________________________________________________________________

Open a Paxful Bitcoin Trading Account today!

______________________________________________________________________________

LEAVE A REPLY

Please enter your comment!
Please enter your name here