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Polygon (MATIC)

This article will help you create your first Polygon (MATIC) account with your Ledger device and Ledger Live.

Polygon 2.0 POL token upgrade

The Polygon team has recently announced that the POL token upgrade is now live on the Ethereum network.

If your MATIC coins aren’t held on a crypto exchange, your ERC20 MATIC won’t automatically convert to POL within your Ledger account. Instead, this conversion must be executed manually through a transaction with your Ledger device. Please note that converting MATIC to POL is optional at this stage.

If you wish to convert, you can use Paraswap located in the Discover section in Ledger Live to swap MATIC for POL.

When using Paraswap, ensure that your MATIC tokens are held in your Ethereum (ETH) account and not in your Polygon account and follow the steps for the swap here:

Please note that it's not possible to convert MATIC for POL from a Polygon account yet.

Before you start

Install the Polygon (MATIC) app on your Ledger device

  1. Open Ledger Live and navigate to the My Ledger tab.
  2. Connect and unlock your Ledger device.
  3. If asked, allow My Ledger to access your device.
  4. Search for the Polygon (MATIC) app in the app catalog.
  5. Click the Install button to install the app on your Ledger device.
    • Your Ledger device displays Processing.
    • Ledger Live displays Installed.

 The Polygon app is developed and supported by Ledger. 

Create a Polygon (MATIC) account

  1. Open Ledger Live.
  2. Connect and unlock your Ledger device.
  3. Navigate to the Accounts tab, click the Add account button, select Polygon (MATIC), and click Continue

  4. When prompted open the Polygon app on your Ledger device using the buttons.

  5. Name your Polygon account then click Add account

  6. Click Done to finalize adding your account to Ledger Live.

Swapping Polygon (MATIC) in Ledger Live

You can securely swap Polygon (MATIC) coins for other cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USDT Tether, XRP, Solana (SOL), Dogecoin (DOGE) and more, using the Swap feature in Ledger Live. As of December 2023, a minimum of 75.9 MATIC is required to initiate a swap transaction from your Polygon (MATIC) account.

Next steps

  • Receive MATIC and ERC20 tokens into your Polygon account. Learn more.
  • Send MATIC and ERC20 tokens from your Polygon account. Learn more.
  • Learn more about MATIC and the Polygon network here.

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