Blockchain Cryptocurrency NFT Chapter 7 Covers How To Withdrawal Funds From Polygon (Opensea.io). This gives you cost savings. This guide is very valuable and adds to your increase in profit and lessen your overall cost. Read on below. Thank You For Reading My Blog.
This blog post explains how to withdraw money from the Polygon (PoS) blockchain to the Ethereum mainnet.
That this withdrawal is a two-step process that takes up to 4 hours.
You will also need enough ETH (on the Ethereum mainnet) in your wallet to cover the withdrawal from the Polygon (PoS).
Withdrawing funds from Polygon
To get started, go to the wallet icon at the top right of the OpenSea website. ETH you can withdraw from Polygon (PoS) (represented by a purple diamond logo).
If you click on the right side of ETH (Matic), the “Bridge to Ethereum” button will appear. When you click this button, you will be redirected to https://wallet.matic.network/ for the next part of the withdrawal process.
You will be redirected to your Polygon (PoS) wallet dashboard, which will display all tokens that have been bridged to Polygon (PoS).
Locate the Ether (PoS-WETH) token, which is the same as ETH (Matic) on OpenSea. Click on “Withdraw to Ethereum.”
A pop-up window will ask you to enter the amount you want to withdraw. When you are done, click “Transfer” at the bottom.
After that, you need to click “Continue” in three pop-up windows. You confirm the transaction fee and that the withdrawal process can take up to 4 hours.
You will be asked to sign the transaction on wallet.matic.network . The gas amount will be low.
The first part of the withdrawal process takes about 45 minutes to 1 hour. During this process, the money is transferred to a checkpoint on the Ethereum network.
You can return to the window later to complete the checkpoint. At the top right of the window, you will see the message “Action required”.
Once the money arrives at the checkpoint, you will be prompted again at the top right to sign the transaction on Ethereum.
This will initiate the second part of the withdrawal process, which can take up to 3 hours.
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