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SORA Academy

How to Use Moonpay on Polkaswap

This tutorial will show you how to use Moonpay and the Hashi bridge to cross assets from the Ethereum mainnet over to the SORA network. The tutorial will begin with a general overview on how to cross tokens, followed by a Moonpay specific walkthrough. Let’s get started!

To get started, you will need the following:

1- On a web browser, go to https://polkaswap.io/ and connect your SORA account

2- Within the Polkaswap interface, navigate to the Bridge section.

3- Make sure that From is pointing to the Ethereum mainnet and connect your Metamask wallet. You will be able to transfer ETH or DAI from the Ethereum mainnet over to the SORA network.

4- Select the token, and the amount to transfer then make sure you have enough ETH to cover the transfer costs, then confirm the transaction.

5- Wait for the funds to transfer from the Ethereum mainnet into the SORA network. It is very important that you allow both transactions to complete. Depending on network use and saturation, it could take a while, so be patient. If there are any issues, you can ask in the SORA Happiness Telegram group. While you will need to have enough ETH to cover Ethereum mainnet gas costs, XOR transaction fees are deducted from the tokens you bring across the bridge.

6- Once your tokens arrive in the SORA network, navigate to the Swap section. Here you can exchange them for XOR, VAL, PSWAP, or XSTUSD.

Don’t worry, the tutorial on Moonpay will have all the images so you can follow along!

Moonpay Tutorial:

Before getting started, make sure that:

  • Metamask is installed in your browser with the Ethereum account that you wish to be using for MoonPay ready and connected, as tokens will be sent first to Ethereum, then to SORA using the HASHI bridge
  • You have enough ETH for the HASHI bridge transaction fees on the Ethereum network side
  • You are aware of MoonPay account limits and the KYC process

To get started, click the BUY TOKENS button to open the MoonPay purchase menu

Select the Currency and Amount, then click Continue.

⚠️ Currently you can buy DAI and ETH

On the next screen, the Metamask extension will pop up requesting you to select an account (if you have multiple Metamask wallets). Once you confirm, MoonPay will automatically connect your Metamask account address. If everything is ok, click Continue.

If the address is not the one you would like to be using, change the account in Metamask to the one you wish to be using.

Go through the KYC process. This will only be done once, every other time you will only have to enter the email address you submitted for verification. If you have already used MoonPay before, enter the email address you used.

After KYC / account verification it’s time to make the payment. Enter your credit card information, confirm that you agree with the Terms of Use and click Buy now.

💡 If you’re practicing on the testnet (test.polkaswap.io) use the following credit cards:

Visa 4000 0209 5159 5032 12/2022 123

Visa 4000 0209 5159 5032 12/2022 1

Processing may take a few minutes or a few hours. You may close the window (and browser) safely at any time now and come back to it later. You will also be notified via email by MoonPay once the transaction is completed or if there are any issues.

You may also choose to not close anything and wait patiently :) usually, the transaction will be processed in minutes and you will be automatically taken to the next steps:

Once the tokens have been received in your Ethereum account (that is also actively connected to the Polkaswap site), the modal window to start the HASHI bridge transaction will appear automatically (You can follow the tutorial from here if you are only looking to transfer funds across the Hashi Bridge).

Click START BRIDGE to move the tokens from Ethereum to SORA. Alternatively, you can close this window and begin the process at a later time (closing this window will not affect the transfer, you can still reach the transaction any time in Purchase History and start the bridge from there).

Click PURCHASE HISTORY to review your transaction. You can click and view each transaction in detail, new and old, as well as start the bridge for any of the transactions that are ready and waiting.

When you are ready to transfer your funds to the SORA network, Click START BRIDGE and then follow the usual steps for the HASHI bridge to move tokens from Ethereum to SORA.

Confirm the Ethereum network transaction

Once the Ethereum network transaction has been processed, wait for the SORA network transaction to finish, this step takes longer as it is waiting for 30 block confirmations, hold on tight…

The little wait is worth it though, as once this is done you’ve successfully bought crypto with Style and Freedom directly from within Polkaswap using a credit card.

You can always go back and review any of the HASHI bridge transactions via the bridge history page.

You can also view all the purchases via the Purchase History page and access all of your bridge transactions from there.

Those are the two main ways to begin using the SORA network, once you have your funds in Polkaswap, you can swap them for XOR, PSWAP, XSTUSD or VAL (for now)

In case you experience any issues at all, please join the SORA Happiness group on Telegram.

Disclaimer

The content of this article is intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be constructed to be financial, legal or tax advice.

The content of this article is solely the opinions of the author(s) who is/are not [a] licensed financial advisor(s) or registered investment advisor(s). Purchasing cryptocurrencies poses considerable risk of loss. Use any & all dapps, protocols & information at your own risk. The author(s) do[es] not guarantee any particular outcome. Past performance does not indicate future results. This information is what was found publicly on the internet. All information is meant for public awareness and is public domain. Please take this information and do your own research.

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Welcome to the SORA Academy, here you will find valuable tutorials and walkthroughs to familiarise yourself with the SORA network and other Polkadot ecosystem tools. Although the SORAcademy was started by SORA, ownership has been handed over to the community.

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