Exchange platforms have provided users with an easy means of converting coins. However, sometimes this process involves more intricacy than just simply swapping, especially when converting to relatively new tokens. Users may employ the use of a bridge (applications that function as an intermediary between blockchains) to help convert coins.
In this walkthrough, we will highlight how Godex simplifies this process considerably by providing a user-friendly platform backed with necessary features such as live charts and fixed rates, which improve transparency and ultimately make crypto swaps an easy process for its users.
What to Know About BNB and MATIC
With an outstanding record of over 1.4M transactions every second, the Binance platform boasts of being the largest and most active crypto exchange in the world today. The Binance native coin, BNB, was launched in July 2017. Its original purpose was to serve as a discount coin for transaction fees on its platform.
However, its uses and value have experienced tremendous growth since then; from being traded for other high-value tokens and making credit card payments, to paying for travel expenses on selected websites and even being used as collateral for loans. BNB has found itself rising to the pinnacle of crypto coins quickly with great potential for even more growth.
The India-based network formerly known as MATIC, now Polygon, was born in 2017 as a result of the scalability issues plaguing the Ethereum blockchain. As an Ethereum native network, Polygon provides a solution to these issues using its ingenious tools to speed up and reduce the complexities of blockchain networks compatible with Ethereum, which ultimately improves the cost efficiency of its transactions, hence enhanced scalability.
Since it is native to Ethereum, Polygon also serves as a medium of interoperability for all Ethereum’s current and upcoming infrastructures, which simply means it acts as a medium of exchange between two or more different blockchains. This interoperability is also extended to a host of other layer-2 solutions, sidechains, and sovereign blockchains.
Binance heavily invests in a host of projects and conducts continuous research and development of the platform. That gave rise to the Binance Auto Invest feature. At the same time, MATIC merged with Polygon for greater scalability. Those are just a few pointers that both coins have a great future. Below is a side-by-side comparison of both coins at the time this article was written. Including but not limited to market capitalization, supply, and percent change.
| Characteristics | MATIC | BNB |
| Name | Polygon | Binance Coin |
| Symbol | MATIC | BNB |
| Circulating supply | $7.31B | $165M |
| Max supply | $10B | $200M |
| Coinmarketcap rank | 14 | 4 |
| Volume 24h | $1.5B | $2B |
| Market cap | $15B | $76B |
How to Convert Binance Coin to Polygon with Godex
Godex as a fast-rising user-friendly platform makes the process of converting BNB to Polygon easy. To make the swap, a crypto calculator is needed to find the exchange value at the time of swap. A walkthrough below provides a good guide to this process.
- Go to https://godex.io/exchange/bnb-to-matic.
- Select your preferred coins you need to swap, in this case BNB to Polygon.
- Provide the specific amount of coins in the blank field; the calculator will automatically fill in the other gap based on the exchange rate at the time.
- Ensure the recipient’s address is correct.
- The final step is to click the exchange button to send the BNB to the address generated by Godex.
That’s it! Your exchange is finished in 5-30 minutes.
Why Godex Is Right for You
Godex is one of the fewest exchanges that still maintains the core values of crypto by allowing users a good degree of anonymity. It boasts of fast transaction times (a 5-30-minute window) and over 300 coins available for swapping. During exchanges, it offers a live crypto chart to aid transparency, and fixed rates during swaps, which minimizes losses during transactions. With excellent security ensuring safety of wallets and user data, Godex stands out as a top tier exchange platform.
To Conclude
Both coins show great potential, which means the tendency for them being swapped is high. Godex provides not just a stress-free, but safe and quick means of doing this. The platform is user-friendly and transparent with great security, giving users more buying confidence. Other coins and tokens are also available to be traded on the platform, making Godex a smart choice of an exchange platform.
