In a world where gas fees on the Ethereum network can burn a hole in your pocket, Nexo comes to the rescue with a game-changing solution. We understand the importance of cost-efficiency when it comes to transferring digital assets, which is why we are thrilled to introduce the Nexo Multi Chain Bridge. This revolutionary bridge allows you to seamlessly top up and withdraw between Ethereum and Polygon, without any bridge fees.
At Nexo, we're all about enhancing your experience and ensuring convenience in every step. To kick off the launch, we are delighted to offer the Nexo Multi Chain Bridge as an option for top-ups and withdrawals of MATIC and the following stablecoins:
USD Coin (USDC)
Tether (USDT)
Dai (DAI)
Polygon, the leading Layer-2 solution for Ethereum scaling, has won the hearts of many dApp enthusiasts. And now, with our Multi Chain Bridge, transferring ERC-20 tokens to the Polygon network has never been easier. Say goodbye to hefty fees and slow transfers, as the Nexo Multi Chain Bridge automatically and instantaneously handles your top-ups and withdrawals, completely free of charge.
Unlock the full potential of the Nexo Multi Chain Bridge with these three incredible use cases:
1. Top up your Polygon USDC, USDT & DAI to your Polygon addresses with minimal gas fees. Keep your assets in top shape without breaking the bank.
2. Withdraw your Polygon or ERC-20 USDC, USDT & DAI to your Polygon addresses with no gas fees. It's your money; why should you pay just to access it?
3. Withdraw your Polygon USDC, USDT & DAI to your Ethereum addresses at lightning speed. And guess what? When you upgrade to the Platinum tier of our Loyalty Program, you'll get five free withdrawals!
By utilizing the Nexo Multichain Bridge, you not only save valuable time but also steer clear of costly third-party blockchain bridge solutions. Plus, the added benefit of keeping all your assets safe and secure within the Nexo wallet is simply unbeatable.
Here's more good news – all withdrawals on the Polygon network come completely free of charge and don't count towards your monthly free withdrawals limit.
Why choose Nexo for your Polygon Assets?
Nexo is your one-stop-shop for cost-effective transfers of Polygon (MATIC) and Ethereum (ERC-20) assets from DeFi wallets and other applications. But that's not all; we also offer a plethora of high-earning products to make the most of your assets.
Discover the perks of Nexo's services:
1. Earn up to 17% APR: Once you transfer your USDC, USDT, DAI, and MATIC to Nexo, you can swap them for high-yield assets. Enjoy the flexibility to withdraw anytime with a Flex Term or lock your crypto for an even higher yield of up to 17% APR on a Fixed Term.
2. Borrow from Just 0% APR: Nexo allows you to use your crypto as collateral to borrow cash or stablecoins, starting from just 0% APR. No hidden fees – you keep full ownership of your collateral.
3. Get up to 0.5% Back on Each Swap: Every time you perform a swap, we reward you with instant crypto rewards. Dive into our Nexo Exchange to explore a wide range of exotic pairs.
4. Boost & Get up to 3x More Crypto: With the Nexo Booster, you can acquire up to three times more of the digital assets you desire, all through a crypto-backed credit.
Please note that the Nexo Earn Interest Product is unavailable for citizens or residents of specific jurisdictions, including Bulgaria, Estonia, and the USA. Additionally, Nexo's Instant Crypto Credit Lines are not accessible for citizens or residents of certain jurisdictions, such as Bulgaria, Estonia, and the State of New York.
The process is as easy as pie! Follow these simple steps:
1. Open the app and head to the Wallet tab at the bottom of your screen.
2. Select the stablecoin you wish to top up and tap the "Top up" button.
3. In the "Network" drop-down list, choose "Polygon PoS" or "Ethereum".
4. Copy your private "deposit address".
5. Paste the address in the "sent to/withdraw address" field on the platform you're using to transfer your assets to Nexo. Make sure to execute the transfer over the Polygon network for a seamless experience.
How to Whitelist Your Polygon and ERC-20 Locations on Nexo?
Protect your crypto withdrawals with our secure whitelisting feature. Guard against sending funds to wrong addresses and safeguard your Nexo account from unauthorized access.
Follow these steps to whitelist your addresses:
1. Go to the "My Profile" section in the top left corner and tap on "Security".
2. Click on the "Address Book" section.
3. If you haven't already, enable whitelisting by tapping the slider for "New Address".
4. Select an asset, choose your preferred network, and provide the required information.
5. Tap "Save Address", enter your 2FA code, and you're good to go!
By default, enabling whitelisting activates a 4-hour security delay for adding new addresses or disabling the feature. For added security, consider increasing the length of the security delay, offering an extra line of defense in the unlikely event of an account takeover.
The addition of the MATIC token and the Polygon network, along with the launch of the Nexo Multichain Bridge, marks a significant milestone in our journey. At Nexo, we are committed to expanding the Multichain Bridge to accommodate more cryptocurrencies on our platform.
About Polygon and Multichain Transfers
Polygon was developed to enhance the scalability and transaction speed of the Ethereum blockchain. With its growing suite of products, developers gain easy access to major scaling and infrastructure solutions. Cross-chain transfers facilitated by the Nexo Multichain Bridge foster interoperability between different blockchains, enabling seamless token movement across networks.
At Nexo, we're excited to bring you the Nexo Multichain Bridge, an innovative solution that sets a new standard for cost-efficient stablecoin and MATIC transfers. Enjoy hassle-free transactions, better returns on your assets, and top-notch security, all in one place. Join us on this extraordinary journey towards financial empowerment and get ready to explore more exciting opportunities on the Nexo platform!