How To Send & Receive Matic Coins On Metamask

Metamask is a popular cryptocurrency wallet that allows users to securely store, manage, and interact with various digital assets. If you’re interested in sending and receiving Matic coins (also known as MATIC) using Metamask, you’re in the right place. In this article, we will guide you through the process of sending and receiving Matic coins on the Metamask wallet.

Step 1: Install Metamask

If you haven’t already, the first step is to install the Metamask wallet extension in your web browser. Metamask is compatible with popular browsers like Chrome, Firefox, and Brave. Simply visit the official Metamask website, download the extension, and follow the installation instructions.

Step 2: Create or Import a Wallet

Once you have Metamask installed, open the extension and follow the prompts to either create a new wallet or import an existing one. If you’re creating a new wallet, be sure to securely store your seed phrase, as it is crucial for wallet recovery. If you’re importing a wallet, enter your private key or seed phrase when prompted.

Step 3: Add Matic Token to Metamask

By default, Metamask does not display all available tokens. To send and receive Matic coins, you need to add the Matic token to your Metamask wallet. Here’s how:

1. Click on the Metamask extension icon in your browser to open the wallet.
2. Click on the “Assets” tab.
3. At the bottom of the screen, click on “Add Token.”
4. Select the “Custom Token” tab.
5. In the “Token Contract Address” field, enter the Matic token contract address: 0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0.
6. Metamask should automatically populate the “Token Symbol” and “Decimals of Precision” fields.
7. Click on “Next” and then “Add Tokens.”

You should now see your Matic balance displayed in your Metamask wallet.

Step 4: Sending Matic Coins

To send Matic coins to another wallet address using Metamask, follow these steps:

1. Open your Metamask wallet.
2. Click on the “Send” button.
3. In the “Recipient Address” field, enter the wallet address of the recipient. Ensure that you have the correct address to avoid sending funds to the wrong destination.
4. Enter the amount of Matic coins you want to send in the “Amount” field.
5. Review the transaction details and double-check the recipient address and amount.
6. Adjust the gas fees if needed. Higher gas fees result in faster transaction confirmations, but they may be more expensive.
7. Click on “Next” and then “Confirm” to complete the transaction.

Wait for the transaction to be confirmed on the blockchain. Once confirmed, the recipient will receive the Matic coins in their wallet.

Step 5: Receiving Matic Coins

To receive Matic coins in your Metamask wallet, follow these steps:

1. Open your Metamask wallet.
2. Click on the “Receive” button.
3. Copy your wallet address or scan the provided QR code.
4. Share the wallet address or QR code with the sender.
5. Wait for the sender to initiate the transaction.
6. Once the transaction is confirmed on the blockchain, the Matic coins will be credited to your Metamask wallet.

It’s important to note that when receiving Matic coins, you don’t need to take any additional steps within Metamask. Simply provide your wallet address to the sender, and they will be able to send the coins directly to your wallet.

Sending and receiving Matic coins on Metamask is a straightforward process that involves adding the Matic token to your wallet, following the appropriate steps for sending or receiving, and confirming the transactions on the blockchain. With Metamask’s user-friendly interface and secure infrastructure, managing your Matic coins has never been easier.