Guide to cheap USDC bridging to Polygon using AscendEX

Polygon is making waves right now in DeFi, as more protocols continue to launch on Etheruem’s popular Layer 2 blockchain with cheaper fees and faster transactions.

However, despite the many bridges available such as the Zapper Bridge and official Matic Bridge, many users still find it expensive to bridge assets to Polygon, considering the high gas fees on Ethereum.

In this guide, we will walk through a cheaper method you can use to bridge USDC onto Polygon using AscendEX.

AscendEX is a cryptocurrency exchange and derivative trading platform formerly known as BitMEX.

AscendEX has the ability to withdraw USDC out of its exchange directly onto Polygon Network at low fees, which is key to getting assets into Polygon cheaply.

Once you have signed up for an account, you can start by transferring USDC from another exchange or your Ethereum wallet into AscendEX.

Head over to My Asset > Total Asset > Deposit

And select USDC — you will be provided a USDC address for deposits.

If you don’t have USDC ready, you can also transfer other assets in.

However, since the withdrawal asset has to be USDC, you’ll need to exchange the asset for USDC on AscendEX.

The only available trading pair for USDC is USDC/USDT. Hence, you’d need to first trade whatever asset you have into USDT on AscendEX first before trading USDT for USDC.

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