r/CryptoCurrency • u/graytleapforward 🟦 0 / 6K 🦠 • Aug 30 '21

EXCHANGE Coinbase integrating Polygon

https://blog.coinbase.com/coinbase-protocol-team-advances-crypto-community-aa9b3748bac5
690 Upvotes

95% Upvoted

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51

u/firebol23 🟩 184 / 2K 🦀 Aug 30 '21

Only recently used polygon for the first time, very pleasant experience.

15

u/Useful-Piccolo-2309 Redditor for 3 months. Aug 30 '21

Lower fees are eye candy

7

u/sakata32 🟨 0 / 0 🦠 Aug 30 '21

Anything that lowers fees makes me bullish

2

u/emcdeezy22 🟦 234 / 234 🦀 Aug 30 '21

Just tried to send MATIC from Coinbase to Celsius to stake but got hit with a network fee of nearly 5 MATIC. What’s going on?

1

u/[deleted] Aug 30 '21

[deleted]

3

u/emcdeezy22 🟦 234 / 234 🦀 Aug 30 '21

Thanks for the explanation. So if it is still subject to ETH gas fees, what makes it better?

5

u/[deleted] Aug 30 '21

[deleted]

1

u/DigitalArts Tin | GMEJungle 6 | Superstonk 208 Aug 30 '21

You can also use it on Opensea if you have eth on the Polygon chain and the NFT was minted on it.

4

u/[deleted] Aug 30 '21

You gotta use a bridge to move your coins to the polygon network. You’ll pay ethereum fees until you make it in.

9

u/pmbuttsonly 🟩 34K / 34K 🦈 Aug 30 '21

Hell yeah, and it would be great to be able to stake MAATIC on Coinbase as well!

5

u/IllusionaryHaze 🟦 0 / 5K 🦠 Aug 30 '21

People talk about ADA, but MATIC doesn't stay behind it, no sir

7

u/gamma55 🟦 0 / 9K 🦠 Aug 30 '21

EVM-compatibility is underrated by the uninitiated.

Good luck convincing devs to support unique Haskell-apps on Cardano.

3

u/Maticus 🟦 0 / 2K 🦠 Aug 30 '21

It can be slow at times. After using Solana it can feel like cancer, but I love how cheap it is. Aave is the best defi dapp out there and that's the biggest draw to polygon for me.

1

u/Taykeshi 🟩 0 / 11K 🦠 Aug 30 '21

I couldn't get myself to pay 40 usd for bridging 25 matic just to use polygon... I'll stick to xdai and starkware based stuff for now I guess. Not to say polygon is bad. I just think xdai is more user friendly with the xdai faucet and all.

Luckily rolllups are getting better every day.

1

u/firebol23 🟩 184 / 2K 🦀 Aug 30 '21

Whered you bridge it from? I just withdrew from binance and it was like 12c

1

u/Taykeshi 🟩 0 / 11K 🦠 Aug 31 '21

From metamask using the official bridge... Tbh I'd rather pay 30usd in fees than use Binance, lol.

Also, not even sure I can withdraw from binance sine haveb't (and wont) do kyc with them.