First Layer 2 Integration on Bitso!
Hello to all our passionate Bitso users!
Today, we have the pleasure of sharing some exciting news with our dedicated followers.
From now on, our users will be able to make deposits and withdrawals of MATIC from its native network, Polygon Matic. This will allow them to easily access the Web3 ecosystem of Polygon Matic from their Bitso accounts.
Since our inception, at Bitso, we have been committed to innovation and the continuous improvement of our services. Not only are we a passionate team, but we are also attentive listeners to the wishes and needs of our community. Today, we are delighted to announce that we have responded to a recurring request from our users, an integration they have been eagerly anticipating.
Change is Imminent: The Integration of Ethereum Layer 2 on Bitso
Yes, you heard correctly! At Bitso, we are taking a monumental step by introducing, for the first time, an integration of an Ethereum Layer 2 network on our platform, and we couldn’t be more excited to share it with you.
But what does this really mean? Let me explain it in a simple way. Imagine that blockchain technology is like a highway, and Ethereum is one of the lanes. Now, with the integration of Layer 2 on the Polygon network, we are opening a new high-speed lane that operates efficiently alongside Ethereum.
This means you’ll be able to conduct transactions faster and at considerably lower costs.
As a result, a number of NFT (Non-Fungible Token) markets and gaming platforms have migrated or integrated their operations on the Polygon network, driving massive adoption and providing users with a smoother and more cost-effective experience when buying and selling in both sectors.
The Difference that Matters: Ethereum Network vs. Polygon Network
If you’ve ever experienced high fees and slow transaction speeds on the Ethereum network, you’ll understand why this new feature is so exciting.
With the Polygon network, we are completely changing the game. Can you imagine being able to deposit and withdraw MATIC tokens in the blink of an eye? What if I told you that transaction fees will be much lower than what you’re used to? The integration of Layer 2 on the Polygon network is designed to provide you with an experience that truly makes a difference in your day-to-day activities.
Imagine how this network can be beneficial for facilitating seamless interactions from Bitso to DeFi platforms or even for making cost-effective deposits and withdrawals to any part of the world in a matter of seconds!
| Difference between networks | Ethereum | Polygon |
| Speed | 13-15 transactions per second | Up to 65k transactions per second |
| Average transaction cost in dollars | $6.33 USD (depending on network congestion) | Cents |
Make your first transaction on Polygon!
To make a deposit or withdrawal within this network, simply follow the steps shown below:
The Future is Here and Now
At Bitso, we believe in a future where the use of cryptocurrencies and blockchain technology will transform how we manage our finances. The integration of Layer 2 on the Polygon network is a step toward that future.
We are committed to providing the best possible experience for both our users and institutional clients, and this new feature is a testament to our dedication to constant innovation.
And needless to say, we won’t stop implementing continuous improvements for you.
So, get ready for a faster, more efficient, and more exciting experience on Bitso. Change is underway, and we are delighted to have you on this thrilling journey!
Disclaimer:
Before we get too excited, I want to remind you that this article does not constitute investment advice. Our primary goal is to provide you with accurate and educational information about Bitso’s exciting new feature. Before making any financial moves, we recommend conducting thorough research and, if necessary, seeking advice from financial professionals.
Bitso Opcional
