Aloha again, David here from CryptoTutorials.org Today I'm going to share with you a problem that I ran into while trying to transfer some Polygon Matic. And I'm going to give you the solution as well, because solution was a little bit complicated. If you've tried to transfer MATIC out of Gemini or some of the other exchanges, into a MetaMask Wallet, because you wanted to use it on some Defi swaps or platforms, you very well may have run into this. Where your MATIC not showing up in metamask.
There is a solution for this matic missing problem. I'll show it to you here in just a minute. One important thing to know before you start in on this is that there is risk galore in crypto. As we all know, there's rug pulls, scams, there's all kinds of different things. So far, I've only figured out one way to absolutely mitigate the risk and make sure that you have no worries and that's to get your crypto for free. That's right. Go to GetMyFreeCrypto.com and I'm going to teach you how to sign up for airdrops that are going on, literally every single week. giving free crypto.
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What is the actual problem for matic not showing up in metamask
All right, it's been about a half an hour since I last jumped on here and I found really interesting error happened when I was sending my MATIC from Gemini out. I set everything up with my MetaMask and i had my MATIC main net. So, I copied the account address to send it here and matic not showing up in metamask.
Matic is supposed to be super fast. It's supposed to show in the blink of an eye practically. You can also refer my post about what is matic token. So I got a little bit worried and I went and started looking around and sure enough, here is the record in my address wallet. You can see that I've got MATIC and Ethereum and HyperSign Identity Tokens. A few different tokens that have. Obviously the Matic wasn't lost, so I had to do some more digging.
The next thing I figured out was that if I added the token here in Ethereum, it sure as heck showed up there. So, I did some research and what I've come to discover is that this can happen. You can end up with your MATIC on the Ethereum network instead of on the Polygon network and you have to bridge it.
I'm going to go ahead and show you guys how to bridge it in case anybody else runs into this, because it's probably a royal pain for anybody else who's come to this. I know it is for me. So we're going to bridge our assets.
First I connect my MataMask Wallet. Yes. I want to allow it to connect. So now they have access to my Ethereum wallet here.I want to move funds from Matic Ethereum to Matic Polygon. I'm moving my Matic token. I wanna move all my MATIC tokens from Ethereum to Polygon. Now it's not showing me a balance, but I'm going to trust in the process.
I want to go back and point out one thing that I missed during the live process but I noticed when I was editing. It showed me here a little pop up that said, staking is done on Ethereum, not on the MATIC network. That's important because part of this MATIC, I wanted to stake. I've wanted to try this out. I'm going to put some into the QuickSwap pools, but some of it I wanted to actually stake.
It looks like I'm going to have to wait until I can get some of my MATIC out of Kucoin and do that separately because I've already moved this over. It said that if I wanted to stake it, I shouldn't have moved it to Polygon. The smart thing would have been to leave a little bit of it on the Ethereum network so that I could stake that and transfer the rest. But I missed that in the live. If you were thinking of staking it, be careful there.
Fees and time takes to transfer
Approve deposit costs 21 cents. Complete deposit is 98 cents. I have to pay some Ethereum gas fees to make this happen because they gave me Ethereum Matic, but I'm willing to pay that and confirm my transfer from Ethereum network to Polygon network using the plasma bridge. It Will take seven days if you have to transfer your funds back to Ethereum. Well, I don't plan on transferring them back. A transaction fee 21 cents. Yes.
Confirm the total of a 1.08, and now the transaction has begun. This is supposed to take about eight minutes to move all of the Matic over to Polygon and then it should show up in my wallet.
I hope that this has been helpful. I checked back here just a moment ago and it looks like I can confirm the deposit now.