Polygon 101 Guide: How To Save ETH Gas Fees in DeFi!! ⛽️

📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/
🛒 20% Binance Discount 👉 https://guy.coinbureau.com/binance/
👕 “Crypto Bae” Shirt 👉 https://store.coinbureau.com/product/crypto-bae-t-shirt/
🔥 *ONLY* Telegram Channel 👉 https://t.me/cbinsider


📺Essential Videos📺

Polygon Explained 👉 https://youtu.be/34wQaNSvi10
How To Create A Metamask Wallet 👉 https://youtu.be/MfkqgXNPiHg
How Aave Works 👉 https://youtu.be/NOk6OTFTsvw
Uniswap Guide 👉 https://youtu.be/GREUQeHpQeQ
Ultimate Altcoin Exit Strategy 👉 https://youtu.be/ZGd6O79_MOc


0:00 Intro
2:01 What is Polygon?
4:06 How To Create Polygon Wallet With Metamask
5:24 How To Add Ethereum Tokens To Polygon Wallet
8:34 How To Fix Missing Tokens On Polygon Wallet
9:20 How To Use Aave On Polygon
12:57 How To Use Quickswap On Polygon
15:13 How To Move Polygon Tokens Back To Ethereum
17:07 Conclusion


⛓️ 🔗 Useful Links 🔗 ⛓️

► Metamask Wallet Download: https://metamask.io/download.html
► Polygon Network Metamask Details (Find ‘Polygon Mainnet’): https://community.metamask.io/t/how-to-add-custom-networks-to-metamask-like-binance-and-polygon-matic/3634
► Polygon Matic Bridge: https://wallet.matic.network/login?next=%2Fbridge%2F
► Polygon Aave: https://app.aave.com/markets
► Polygon Quickswap: https://quickswap.exchange/


👨‍🏫What Is Polygon?👨‍🏫

Polygon was founded in 2017 by a team of talented Ethereum developers who were instrumental in developing some of Ethereum’s scaling technologies.

The way Polygon achieves this is by creating a copy of the Ethereum blockchain called a child chain which is more than 500 times faster than Ethereum.

👨‍💻How To Create Polygon Metamask Wallet👨‍💻

Open up your Metamask wallet, click the three dots on the right side of your wallet address, and click expand view. Click on the top right of the webpage where it says Ethereum Mainnet.

This should open a set of network options, and at the bottom you’ll see an option called Custom RPC. Click on that. This will take you to a page where you can enter all the blockchain details for Polygon.

🏦How To Deposit Cryptocurrency To Polygon Metamask Wallet🏦

You cannot send any Ethereum tokens directly to the Matic wallet address you just created on Metamask

You need to send these to your Ethereum wallet address on Metamask first so that they can be converted using the Matic bridge

This conversion process is going to require some ETH and MATIC. What this means is that you need to have ETH and MATIC in addition to the other tokens you want to use on Polygon

🛠How To Fix Missing Cryptocurrency On Polygon Metamask Wallet🛠

If the Polygon bridge page doesn’t load, it’s because there seems to be a conflict between the Metamask wallet and Coinbase wallet browser extensions. You will have to uninstall the Coinbase wallet browser extension, but make sure you’ve saved your seed phrase before you do!

💰How To Use Aave On Polygon💰

Aave is a decentralized lending and borrowing protocol that lets you lend and borrow cryptocurrency without a bank or credit score.

I happen to be pretty bullish on the Matic token, so I’m going to deposit some of my MATIC tokens as collateral to get USDC and buy even more Matic tokens

In this case I’m going to deposit all but two of the MATIC tokens I have to make sure I have enough for gas fees. Now I have more USDC than I initially had that I can use to buy more MATIC tokens with!

💱How To Use Quickswap On Polygon💱

Polygon has it’s own version of Uniswap called Quickswap. Quickswap is basically a carbon copy of Uniswap with a few minor details that I won’t get into here

Using Quickswap is super straight forward. Just click connect wallet on the top righthand corner, select Metamask, confirm in your wallet that you want to connect to Quickswap, and you’re all set

To swap a cryptocurrency, just select the one you want to swap from and the one you want to swap to, select the amount, click approve, and then pay the miniscule gas fee in Matic tokens. Cha ching!

💸How To Withdraw Cryptocurrency From Polygon Metamask Wallet💸

Moving your crypto off Polygon is just the reverse of the process you used to get your crypto onto Polygon. The difference is that it takes much longer and can be much more expensive, so watch out for those gas fees and transfer times in the pop up windows you get!


📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Polygon #Ethereum #MATIC #crypto #gas #defi #blockchain

A Trading Psychology Lesson From a Nine Year Old

Sometimes the best trading psychology lessons don’t come from trading psychology books or even from the markets. In this article you’ll discover a great lesson I received recently from a nine-year old. Yeah, that’s right – nine years old.

Stock Trading – Qualities of a Great Stock Trader

Due to the current global financial crises, most investors are selling their equities to minimize their loss but every challenge is actually an opportunity for a great stock trader to take position during this bear period. The qualities I will like to consider which most great investor demonstrate are boldness, patience, abilities to recognize opportunities and take actions.

Pattern Day Trader – The Risks and Rewards of This Trading Strategy

A pattern day trader, under the definition of the United States Securities and Exchange Commission, is a trader who executes at least four day trades within five business days. These day trades should be more than six percent of the client’s total trading activity for the same five-day period for the trader to be called a pattern day stock trader.

Free Stock Marketing Investing Tips – Tips About Online Trading & Day Trading

Paying attention to certain stock trading tips will certainly help you to make money– it doesn’t matter if you are only interested in online trading, day trading, or both. Getting the best information should be a goal you have for yourself. Why learn things they hard way through experience when there are plenty of people that have gone through it and are willing to share those experiences with you?

Why Option Trading?

I’ve tried many different ways to make money, and option trading has proven to be my personal favorite. Here are 8 reasons why I love option trading so much.

Wealth Creation Through Shares

our financial objective should be written out and placed where you will see it at least once a day. The psychological effect of which is to impress this purpose upon your subconscious mind so that it will accept that purpose as a pattern or blueprint. This will eventually dominate your activities in life and lead you step by step, toward the attainment of your objective. In the game of life we know that life has value only so long as life has something valuable as its object.

The Trader Mindset

Every trader needs certain tools in order to become successful at their trade. The most important aspect of trading is having the correct mental approach to their trading system. If traders can keep their emotions in check and out of trades then they are already setting themselves up to becoming successful.

I Asked Them – Why Are They Still Day Trading Stocks?

I was invited to a 3-day seminar in San Francisco (Nov 1-3, 2008) for established stock day traders, traders making their living day trading stocks on their home computers. The seminar was hosted by Golden Gate University and TradeGuider, one of the foremost trading systems developed several years ago for the newly-emerging market of ‘e-mini’ traders.

How to Day Trade

Article on starting to day trade futures. Advice on how to start, and why experiance is the key, ‘mechanical’ systems, and the common mistakes to avoid.

Trading – The Value of Volume

Volume is an indicator that can be a valuable tool in identifying turning points and liquidity. It’s not an indicator that should be used by itself, but it can give advance warning or heads up to the direction of price if interpreted correctly.

You May Also Like