The cryptocurrency market is coming out of a nearly 2-year long crypto winter. With Bitcoin above $30,000, investors are expecting a leg up in the markets, and with it, some of the blue-chip tokens to provide huge upside potential.
Two major cryptocurrencies in this upcoming bullish cycle stand out — Binance Сoin and Polygon. They have performed well in the bear market and are set up perfectly for the future. In this article, we analyze their fundamentals and provide you with no less than 4 secure exchanges where you can swap BNB to MATIC.
BNB is the native token of the Binance ecosystem and is integrated fully into its exchange and smart contract network. Initially, the BNB coin launched as an ICO on the Ethereum network. It was used to raise funds for creating the Binance centralized exchange in 2017.
While BNB had very limited use cases at the beginning, this changed dramatically with the launch of the Binance Smart Chain in September 2020. It became the gas token of this smart contract network and the primary value token on the blockchain.
Consequently, from a simple rebate token for trading fees, BNB became a full-fledged Web3 cryptocurrency. Thanks to the success of the BNB chain, this token is plugged into thousands of decentralized applications, providing high utility to its holders.
Moreover, it’s the main token used for the Binance launchpad and provides investors an early entry into less-popular projects that have huge profit potential.
Thanks to the multiple use cases of BNB and the sheer popularity of the Binance ecosystem, BNB has claimed the #4 spot in the market by market cap size.
What Do We Know About Polygon?
Polygon is a scaling solution for Ethereum that allows users to access fast and cost-effective transactions. It provides developers with the benefit of accessing the broad Ethereum DeFi ecosystem by porting them onto the Polygon network.
Until recently, this PoS network was considered to be a sidechain. It has been providing off-chain computation and alleviating the strain on the underlying Ethereum blockchain. However, with the recent introduction of ZkEVM, the latest Polygon scaling solution, it is now a full-fledged scaling network.
It uses zero-knowledge rollups that provide proof of the transaction on Polygon directly on the Ethereum network. With multiple high-profile partnerships (Coca-Cola, Nike, and Reddit) Polygon has worked towards high adoption of its chain and token, MATIC.
4 Services to Exchange BNB to MATIC
While both BNB and MATIC seem to be poised to succeed, the latter has more upside potential by being a frontrunner in the layer-2 industry for Ethereum. Let’s have a look at some reliable exchanges.
By visiting https://godex.io/, you will find a privacy-focused exchange that allows you to swap hundreds of cryptos for one another in a couple of clicks. This platform doesn’t require any type of registration, which provides users with much-needed privacy in the crypto sector.
Swaps are nearly instantaneous, and all you will need to provide is your blockchain wallet address to receive your MATIC. The best thing is that you won’t have to go through a complicated KYC procedure, allowing for quick onboarding.
LetsExchange is a similar platform to Godex, as it doesn’t require registering an account before using its services. It also provides hundreds of cryptocurrencies to swap, allowing for easy cross-chain exchanges like BNB to MATIC.
FixedFloat provides users with anonymous and quick swaps. It lacks variety in tokens (only 60+ assets) and imposes limits on exchanges.
StealthEX is a respected crypto exchange that provides quick swaps. It supports thousands of tokens across dozens of different blockchains. While services are pretty straightforward, the UI lacks a search function for more exotic tokens, making it a chore to scroll through hundreds of cryptos to find the one you are looking for.
Is It Profitable to Swap BNB to MATIC?
BNB and MATIC are considered to be two of the best investments in crypto today. With strong fundamentals and great adoption, they are bound for success in the future. That said, MATIC has possibly more room to grow, considering the upcoming scaling updates that the team is pushing out.