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Migration from MATIC to POL

  • Updated


You can now convert your MATIC (ERC20) to POL (ERC20) for free at a 1:1 ratio in the CoinJar app. CoinJar will not automatically perform this conversion on your behalf.

What Do You Need to Do?

Simply add POL to your accounts via Accounts > Add account > Choose POL. 

Then, use the Convert feature in either:

  • Home > Convert > MATIC > POL
  • Accounts > MATIC > Convert MATIC > POL

For CoinJar Bundles, rebalance your CoinJar Universe or ERC-20 Bundles by going to Bundles > Your Bundles > Select CoinJar Universe/ERC-20 > Rebalance Available > Rebalance.

Rebalances of CoinJar Bundles will convert MATIC to POL for free with respect to the MATIC-to-POL portion, allowing you to swap MATIC for POL using the rebalance feature seamlessly. Each customer may have different rebalance options, and a 1% fee will apply to rebalancing any assets outside of the MATIC-to-POL conversion. As CoinJar Bundle allocation weights may change, CoinJar cannot guarantee that all MATIC-to-POL transfers will be direct; indirect transfers will incur a 1% fee.

CoinJar Exchange: Standard fees apply for MATIC and POL transactions on CoinJar Exchange. To take advantage of the fee-free conversion, transfer MATIC from CoinJar Exchange to your CoinJar account using the Transfer button. Ensure MATIC is added to CoinJar as an account before the transfer.

Tax Implications: Please be aware that converting from MATIC to POL, rebalancing bundles or selling MATIC may have capital gains tax implications. We recommend consulting your accountant for advice.

What’s Changing?

On September 4th, 2024, the Polygon team upgraded MATIC on the Ethereum blockchain to POL. CoinJar supports the upcoming MATIC (ERC20) to POL (ERC20) migration by making the following changes:

  • MATIC Delisting and POL listing: From September 4th, 2024, MATIC is no longer available for purchase or inclusion in CoinJar Bundles. Until further notice, you will be able to continue to sell MATIC using CoinJar's “Accounts”, “Sell” and “Convert” menus.

  • POL Listing: POL is now listed on CoinJar, and you are able to convert your MATIC to POL for free using the “Convert” function within the CoinJar app. 

  • Bundle Updates: Starting September 4th, 2024, MATIC is no longer included in new purchases of CoinJar Universe or ERC-20 Bundles; however, these bundles will continue to function as usual with the remaining assets. POL will only be automatically included in new purchases of existing bundles if you use the CoinJar Bundles rebalance feature after September 4th, 2024.

  • CoinJar Card: If you have an existing MATIC balance, you can continue using MATIC with your CoinJar Card until further notice; however, topping up with MATIC will no longer be possible.

  • CoinJar Exchange: MATIC will be delisted from CoinJar Exchange after September 4th, 2024.
    As a result, all MATIC orders will be cancelled, and the corresponding funds will be returned to the user’s CoinJar account.

  • Deposit and Withdrawals: You can continue to deposit and withdraw MATIC on the Ethereum network until further notice, subject to liquidity conditions. However, MATIC deposits and withdrawals on the Polygon network are not available until further notice.

Any questions?

If you have any questions about the delisting or how you might be affected, please contact Support.



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