Sending and receiving tokens on the Polygon network is currently only available on iOS and Android mobile apps. Web-wallet support will be added soon.
When sending tokens on the Polygon network from your DeFi Wallet, you'll need MATIC to cover the network fees.
The Polygon network is a scaling solution built on Ethereum, offering fast and low-cost transactions. Similar to Ethereum, it requires network fees called gas fees to process transactions. Gas fees cover the computational resources used to execute smart contract functions.
How Polygon Network Fees Work:
Gas Calculation: Gas fees on the Polygon network are based on the complexity of the transaction and the computational resources needed.
Gas Price: Gas fees are determined by the gas price, denoted in MATIC (the native cryptocurrency of the Polygon network). Higher gas prices result in faster transaction confirmations.
Fee Payment: Gas fees on the Polygon network are paid in MATIC. When you send tokens, a small amount of MATIC is used to cover the gas fees.
To ensure successful transactions on the Polygon network, make sure you have enough MATIC in your DeFi Wallet to cover the network fees.
If you have any further questions or need assistance, please contact our support team.