How to find your Polygon public address
Your Polygon (MATIC) public address is the same as your Ethereum address (since Polygon is an EVM-compatible network).
Mobile wallets (e.g., MetaMask, Trust Wallet, Coinbase Wallet):
Open your wallet app.
Switch the network to Polygon Mainnet.
Tap Receive.
Copy your public address (starts with 0x...).
Browser wallets (e.g., MetaMask, OKX Wallet, Brave Wallet):
Click your wallet extension.
Select the Polygon Mainnet network.
Click Account or Receive.
Copy your 0x... public address.
Hardware wallets (e.g., Ledger, Trezor):
Connect your device and open the Ethereum app (Polygon uses the same derivation path).
In your companion interface (MetaMask or Ledger Live), switch to Polygon Mainnet.
Click Receive and copy your 0x... address.
You can safely share your Polygon address to receive tokens or connect with CoinTracker—but never share your private key or recovery phrase.
How are Polygon transactions taxed?
Polygon (MATIC) is treated as property for tax purposes, similar to other cryptocurrencies. The tax implications depend on your specific activity:
Buying MATIC with fiat (USD, MXN, etc.) – Not taxable; establishes your cost basis.
Selling MATIC for fiat – Taxable capital gain/loss = sale proceeds − cost basis.
Swapping tokens on Polygon (e.g., MATIC → USDC) – Taxable disposal of the token you trade away; the received asset's market value becomes your new basis.
Using tokens to buy NFTs or pay for services – Taxable event, as it counts as disposing of crypto.
Staking rewards or validator income – Ordinary income at fair market value when received; later sales = capital gain/loss.
DeFi rewards, airdrops, or yield farming incentives – Taxable income at the time of receipt.
Bridging between Ethereum and Polygon – Non-taxable if under the same ownership, but network fees may impact basis.
Transfers between your own wallets – Non-taxable, but should be tracked for basis continuity.
Gas fees (paid in MATIC) – May be added to basis or deducted from proceeds depending on context.
CoinTracker automatically detects these events, applies cost basis rules, and calculates your income and gains across Polygon and other connected networks.
Can the IRS track Polygon?
Yes. Polygon transactions are publicly recorded on-chain and traceable through explorers such as Polygonscan. The IRS and other tax authorities can:
Use blockchain analytics to trace wallet and bridge activity.
Obtain transaction data from KYC exchanges or custodians.
Match public wallet addresses with exchange accounts linked to verified identities.
Connecting your Polygon wallet to CoinTracker ensures accurate tracking and transparent tax reporting.