POL to PYUSD: Swap Polygon for PayPal USD on Ethereum, No KYC

POL is what Polygon PoS runs on: every transfer, approval and staking action there costs a little of it, and it replaced MATIC as the network coin in 2024. Its value moves with the market. PYUSD, PayPal USD, is a dollar stablecoin issued by Paxos, and this pair pays it out on Ethereum.

Most people come to this pair for a plain reason. Someone has built up more POL than they need for fees, from staking rewards, payments or an old MATIC holding that was migrated, and wants part of it parked in dollars. Choosing PYUSD rather than Tether or USDC is a matter of which dollar token your next step expects, for example an app or a person who asked to be paid in PYUSD.

Keep back enough POL to keep paying Polygon fees if you still use that chain. The quote comes from aggregated liquidity from leading crypto markets and keeps moving with POL until your deposit is confirmed.

PYUSD now exists on more than one network, Polygon included. The exchange box, however, lists only two versions: ERC-20 PYUSD on Ethereum and PYUSD on Solana. This page uses the Ethereum one, so the payout is an ERC-20 transfer on Ethereum mainnet and not a Polygon token.

That matters because your MetaMask or Rabby account has the same 0x address on both chains. After the swap the new balance appears only when the wallet is set to Ethereum. If you look while it is still on Polygon, you will see your remaining POL and no PYUSD, and that is expected.

If you want the dollars to stay on a cheap chain instead, Tether on Polygon is available through Polygon naar USDT-polygon. If PYUSD itself is the goal, Ethereum is the network you will be using, with ETH paying for each later move. Paxos, as the issuer, can freeze PYUSD held at an address; that is part of the token, on any chain.

POL is both the coin you swap and the coin that pays the Polygon fee for the deposit. If you type your full balance, the wallet cannot cover the fee and the transaction fails or gets trimmed. Leave a small amount of POL behind and send the rest.

Make sure the wallet is on Polygon PoS when you send. The same 0x address on Ethereum may also show POL as an ERC-20 token, and that is a different asset on a different chain from the one this deposit address expects. Native POL on Polygon PoS is the only thing to send here.

For the sender field, enter the Polygon address you are sending from, not an exchange account, since that is where a refund would go. Staked or delegated POL has to be unstaked first; only a spendable balance can be sent. Polygon PoS confirms in about a minute, you can follow it on VeelhoekScan. Once that deposit confirms, most swaps finish within minutes.

The payout address is an Ethereum address: 0x followed by 40 hexadecimal characters, from MetaMask, Rabby or a Ledger. You can paste the same address you use on Polygon; it is valid on Ethereum and the keys are the same. What you must not paste is a token contract address or an address on an exchange you do not control.

Receiving is free for you, because the payout fee is already in the quote. Moving the PYUSD afterwards is not. Every ERC-20 transfer on Ethereum costs ETH, and an address that has only ever held POL has none. A small separate swap such as POL naar ETH to the same 0x address solves that before you need it.

If the wallet still shows nothing on Ethereum, search the address on Etherscan. The PYUSD transfer appears there once Ethereum includes it, usually in about 2 to 5 minutes, and you can then add the token to the wallet list.

The two columns share an address format and nothing else. One is a coin whose price floats; the other aims to stay at one dollar but depends on its issuer. Your gas coin also changes, from POL to ETH, which is the cost people forget. The guide Volatiliteit afdekken met stablecoins explains when a dollar token makes sense to hold.

If a swap cannot be completed, the coins are refunded to the sender address you entered. On this pair that means POL returns on Polygon PoS to the address in the sender field, so it should be one you hold the keys for.

Every swap gets a swap ID and a status page. The deposit can be checked on PolygonScan by its transaction hash, and the PYUSD payout on Etherscan once it has been sent. If PolygonScan shows the POL as confirmed and the status page has not moved for a long while, email support@ghostswap.io with the swap ID and the Polygon transaction hash. Hold back from sending POL again for that swap until support replies.

One thing the form cannot catch for you: a valid 0x address that belongs to someone else. Copy your own address from the wallet and compare the first and last characters before you confirm.