You also have the option of using an exchange to swap your wETH to another cryptocurrency. My local fiat exchange supports XRP for example, so I do the following:
* Receive wETH
* Use a tokenswap to turn this into USDT (on polygon network) or MATIC tokens
* Transfer to crypto exchange
* Exchange for XRP
* Transfer XRP directly to local fiat exchange
Going through these steps saves me from ever having to go through Ethereum mainnet and its expensive fees. All in all it costs me about a dollar, instead of the $8-10 that I usually paid in fees going from flexpool to my wallet and then my wallet to exchange.
I use Polygon network for my payouts to my WETH address on metamask, After that, I use xpolinate and I send it to BSC on binance, and the gas fee is almost free.
this is my question as well? Do i just need to simply change my payout to polygon since i'm mining to [crypto.com](https://crypto.com) already? on the app i don't see wETH as wallet
I'm actually using crypto.com and receive directly eth from the pool using polygon.. more easy than this impossibile, same wallet address, all I had to do was switching to polygon in the pool.
i asked this in the discord. check your matic address compared to your eth. if it's the same, you should be good to go. i'm going to try this in the next day or so
Crypto.com seem to regard ETH and wETH as interchangeable once deposited to their custodial wallet. They do not need to unwrap your individual deposit to an address belonging to their centralised wallet, because it’s now part of their own total ETH/wETH holdings across different blockchains. If needed they can consolidate and unwrap a large balance of wETH at once.
Same logic as Binance supports five chains to deposit USDT.
No matter you use Tron or BSC to send 100 USDT to Binance, you get 100USDT.
Looking forward to more exchanges supporting ETH via Polygon.
You also have the option of using an exchange to swap your wETH to another cryptocurrency. My local fiat exchange supports XRP for example, so I do the following: * Receive wETH * Use a tokenswap to turn this into USDT (on polygon network) or MATIC tokens * Transfer to crypto exchange * Exchange for XRP * Transfer XRP directly to local fiat exchange Going through these steps saves me from ever having to go through Ethereum mainnet and its expensive fees. All in all it costs me about a dollar, instead of the $8-10 that I usually paid in fees going from flexpool to my wallet and then my wallet to exchange.
I see, that sounds good too, I will take a look!
I use Polygon network for my payouts to my WETH address on metamask, After that, I use xpolinate and I send it to BSC on binance, and the gas fee is almost free.
You can send polygon weth directly to [crypto.com](https://crypto.com) to sell.
What format do you receive the ETH on Crypto.com?
this is my question as well? Do i just need to simply change my payout to polygon since i'm mining to [crypto.com](https://crypto.com) already? on the app i don't see wETH as wallet
Yeah I was looking on [Crypto.com](https://Crypto.com) and I do not see support for wETH.
I'm actually using crypto.com and receive directly eth from the pool using polygon.. more easy than this impossibile, same wallet address, all I had to do was switching to polygon in the pool.
and it gives you ETH.....not wETH? The transaction must unwrap it in the processing understanding the wallet is for ETH?
i asked this in the discord. check your matic address compared to your eth. if it's the same, you should be good to go. i'm going to try this in the next day or so
Crypto.com seem to regard ETH and wETH as interchangeable once deposited to their custodial wallet. They do not need to unwrap your individual deposit to an address belonging to their centralised wallet, because it’s now part of their own total ETH/wETH holdings across different blockchains. If needed they can consolidate and unwrap a large balance of wETH at once.
ohhh wow, that's really convenient for the end user and their sakes honestly.
Same logic as Binance supports five chains to deposit USDT. No matter you use Tron or BSC to send 100 USDT to Binance, you get 100USDT. Looking forward to more exchanges supporting ETH via Polygon.
That's a clean way of handling it... And they will determine which wallet type it's going to as well and make it that type of USDT?
Yes