As technology progresses, so does our understanding of everything that goes around. Our transformed outlook and use of everything is thanks to the changes that technology provides. One such element of existence is the financial economy. You must have heard the adage that money makes the world go around. Well, it is also true that the world makes money. What does that mean? One must only look towards the rising popularity of cryptocurrency to understand how people can create and control currency. Want to know how to convert one cryptocurrency into another, specifically from Matic to Etheruem? Get an easy-to-understand introduction for the novice and detailed explanations. You can learn how to convert Matic to ETH in an instant! Go on, keep reading to learn more!
What Are Matic and Ethereum?
You must have heard about the cryptocurrency Bitcoin making the rounds. Well, there are many different types of cryptocurrency.
Ethereum is a technological register that organizations use to create and operate new tokens and other programs. Since no third-party government can control Ethereum, it is a decentralized, open-source blockchain. Ethereum’s unique cryptocurrency is Ether. The Ethereum blockchain uses functionality for smart-contract operations.
One of the more relatively low-key but popular ones is Matic. It is a token under Ethereum. Matic tokens power a scaling solution, known as the Polygon Network, for Ethereum. The Network program navigates and creates solutions to ensure quicker and more affordable transactions on Ethereum. Polygon Network uses blockchains known as Layer 2 side chains that operate simultaneously with the main chain of Ethereum. So, where does the Matic token come into this equation, you ask? People use it to pay the fees for their transactions and participate in the consensus for proof-of-stake.
Now you know that Matic is a token that operates under the flagship of Ethereum. However, you can convert one cryptocurrency into another for your use. So the main question is: how does one convert Matic into Ether? Well, keep reading our article to learn more!
Matic to ETH: A Conversion Guide
Converting from Matic to Ether quickly is no laughing matter. Therefore, we bring you Alligat0r – the place to look up a quick version in a matter of minutes. No, you don’t need to register an account with Alligat0r for exchanging one form of cryptocurrency for another. Sounds easy? That is because it is that straightforward!
To get Ether from Matic, all you need to do is go on the Alligat0r site and follow these simple steps:
- Go to the field that offers the swap option.
- Select the currencies you want to convert from and to – here; choose Polygon to its Ethereum counterpart.
- Finally, pick the floating or fixed rate you wish to swap Matic for ETH.
Alligat0r chooses the best options from various platforms to make things easier for you. Therefore, you can choose a fair deal from the list. Advance by following the steps here:
- Show up your wallet address to receive the Polygon – Ethereum transaction results. After completing your exchange, the process will ensure that the money gets to this address.
- Transfer the Matic tokens from your wallet into your deposit address.
Voila, now you have your ETH cryptocurrency!
Converting 0.001 ETH to EUR is a quick and easy procedure. All you need is to know where exactly to go for help. Then, Alligat0r is here for all you need!