Planning to bridge your crypto from Cronos to Polygon? Take a look at our step-by-step guide on transferring assets from Cronos to Polygon, among 20+ other blockchains.
Bridge from Cronos to Polygon Step-by-Step Guide
If you’re in a hurry to bridge from Cronos to Polygon, here’s your quick guide:
- Visit Swap page and Click “Connect”
- Connect Your Web3 Wallet
- Select the Tokens & Chains Accordingly
- Check the Details and choose the route
- Approve & Confirm to Swap
- Wait for the transaction to be completed!
Why Bridge from Cronos to Polygon? Understanding the Benefits
Whether you’re a web3 noob or an OG, you’ve surely heard about the Polygon blockchain already. Formerly known as MATIC, it is a stack of protocols designed with the intention to address Ethereum’s scalability issues by processing transactions separately on a different, compatibe side chain. By doing this, it raises transaction speed and lowers transaction costs.
Polygon can potentially process up to 65,000 transactions per second, while Ethereum can only handle an estimated 17 transactions per second. What a world of difference! It’s easy to see why it’s more appealing to crypto users. Aside from a high throughput rate, Polygon also executes these transactions at a fraction of the cost.
Tl;dr; Polygon is a Layer 2 scaling solution that moves along the mass adoption to the Ethereum chain. It has a number of strengths:
- It processes transactions quickly with a proof-of-stake (PoS) consensus mechanism that is able to complete transaction confirmation in a single block—the average processing time is reported to be just 2.1 seconds
- It keeps transaction costs low, with an average fee of about $0.01 per transaction; those are huge savings compared to transacting on Ethereum, which has an average gas fee of around $15 (but can quickly go over $50 or $80)
Given that, what’s not to like about Polygon?
Planning to bridge your crypto from Cronos to Polygon? Take a look at our step-by-step guide on transferring assets from Cronos to Polygon, among 20+ other blockchains.
How to Bridge from Cronos to Polygon? Why is the Polygon Official Bridge not the Best Choice?
The top of mind for users wanting to transfer their assets to Polygon would probably be the Polygon Portal. However, if you’re planning to do so from Cronos, then this simply isn’t a viable option because of the following.
- Currently, Polygon Portal only supports only three chains: Ethereum, Polygon PoS, and Polygon zkEVM; Cronos is not yet supported as of the time of writing
- Token bridging can’t be accomplished in a single transaction; users still need to claim their tokens afterwards, which leads to higher transaction costs
Because of the above, using Polygon Portal is not the best choice for those wishing to bridge between Cronos and Polygon. Hence, using a third-party cross-chain bridge to transfer assets to Polygon is definitely a better choice. Enter XY Finance! We enable users to do just that in a quick and seamless way. Read on to learn how!
Step-by-Step Guide on Bridging Crypto from Cronos to Polygon
XY Finance is a cross-chain bridge aggregator that operates on 20 EVM chains, including Polygon, Cronos, Ethereum, and more. XY Finance boasts a user-centric approach that lets you easily swap tokens between different chains, including Cronos and Polygon, all while providing you with the best option for competitively low prices.
Check out this detailed guide below to learn how to easily execute a cross-chain swap on XY Finance!
⓵ Visit Swap page and Click “Connect”
Start your cross-chain journey
⓶ Connect Your Web3 Wallet
Up to 9 of the most common wallets available!
⓷ Select the Tokens & Chains Accordingly
Cross-chain or single-chain swap are both available.
Be sure to choose the correct chains and tokens.
⓸ Check the Details
Choose the route and double check the swap rate & fees.
⓹Approve & Confirm to Swap
Click “Swap & Bridge” and confirm the message from your wallet.
(For the first time, users need to approve the token to allow #XYFinance access.)
⓺ Wait for the transaction to be completed
Transaction status can be tracked on the screen
In most cases, cross-chain transactions will be completed within minutes. To view your past transaction records, you can click the ‘History’ button.
If your transaction cannot be completed, please raise a ticket in the XY Finance Discord. Our team will be happy to help you resolve the issue as soon as possible.
After Bridging to Polygon: Exploring Promising Polygon Ecosystem!
Once you’re able to transfer your assets to Polygon, it’s time to do the more exciting part! That meas you can begin exploring all the different dApps within the Polygon ecosystem. Whether you’re a fan of collecting NFTs, interested in GameFi, exploring SocialFi, or more, there’s definitely a dApp for you.You can simply head over to the Polygon ecosystem website for and check out your options.
Start bridging and exploring today!
Security in Cross-Chain Transactions
Each time you bridge between two blockchain networks, the responsibitly of securing your assets falls upon your shoulders. To be able to ensure and maintain the safety of your assets while bridging, remember to go through the following.
- Make sure the bridge service you’re using is authentic
- Carefully double-check and review your transaction details before you finalize them
- Keep your private keys and wallet information in a secure location
- Stay up to date on and remain vigilant against phishing sites and scams
The option and ability to bridge assets from Cronos to Polygon will definitely come in handy for cryptocurrency and DeFi enthusiasts alike. This comprehensive guide was designed to enhance your understanding of DeFi and help you become a more knowledgeable part of the fast-paced and ever-changing blockchain landscape. Stay informed about the latest and greatest trends in DeFi and continue to broaden your grasp of this dynamic ecosystem!
Other Bridging Tutorials for You
Thinking about bridging your assets across different blockchains? Do it all with XY Finance! Visit XY blog for more detailed information and step-by-step guides on how to bridge your assets across more than twenty chains.
- How to Cross-Chain Swap? Bridge Assets Across 20+ Blockchains
- How to Bridge & Swap Crypto from Arbitrum to zkSync?
- Cross-Chain Bridge Crypto from Ethereum to Base
- Cross-Chain Bridge Crypto from Optimism to Arbitrum
About XY Finance
XY Finance is a cross-chain interoperability protocol aggregating DEXs & Bridges. With the ultimate routing across multi-chains, borderless and seamless swapping is just one click away.
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