Introduction
Introducing Binance Bridge V2, a brand new bridge service providing access to inter-blockchain liquidity for all popular blockchain networks, brings valuable assets such as BUSD, USDT, and ETH to Binance Chain ecosystems.
In the first version, the procedure of swapping tokens has two categories: Peg-In and Peg-Out. Peg-In allows users to exchange the native tokens to the equivalent of pegged tokens on Binance Chain or Binance Smart Chain. Meanwhile, the Peg-Out procedure enables users to swap the equivalent of pegged tokens on Binance Chain or Binance Smart Chain to the native tokens.
Many more networks are coming soon ~
User Guide
Swap Tokens to Binance Chain from a different Network
- Install your extension wallet; it can be Binance Extension Wallet or MetaMask
- Go to Binance Bridge page, and you will use V2 by default.
- Click on “Connect Wallet”
Once you finished unlocking your wallet, you can see your address at the “destination” box
- Choose Assets
Binance Bridge supports 35 popular cryptocurrencies. You can move your USDT, BUSD, or ETH across different blockchains quickly. You can see the whole list from this API: https://api.binance.org/bridge/api/v2/tokens
- Choose “From” and “To” network types
To swap Tokens to Binance Chain from a different Network, the destination network must be Binance Chain or Binance Smart Chain. You can click on the arrow button to switch between these two networks.
- Enter Swap Amount then confirm
Please note that the fixed amount of network fee will be charged for now
- To transfer from another network to the connected wallet network, please deposit your tokens before closing.
You should initiate a single transfer; the system will only monitor the first transfer transaction.
- Transaction Result
You can also verify the swap process from the “History” board.
Swap Tokens from Binance Chain to a different Network
- Install your extension wallet; it can be Binance Extension Wallet or MetaMask
- Go to Binance Bridge page, and you will use V2 by default.
- Click on “Connect Wallet”
Once you finished unlocking your wallet, you can see your address at the “destination” box
- Choose Assets
Binance Bridge supports 35 popular cryptocurrencies. You can move your USDT, BUSD, or ETH across different blockchains quickly. You can see the whole list from this API: https://api.binance.org/bridge/api/v2/tokens
- Choose “From” and “To” network types
To swap Tokens from Binance Chain to a different Network, the source network must be Binance Chain, Binance Smart Chain or Ethereum (with metamask)
- Enter Swap Amount then confirm
Please note that the fixed amount of network fee will be charged for now
- Submit your transaction with Extension wallet
You should initiate a single transfer; the system will only monitor the first transfer transaction.
- Transaction Result
You can also verify the swap process from the “History” board.
In Conclude
Binance Bridge is the safest, fastest, and most secure way to bring cross-chain assets to Binance Chain and Binance Smart Chain. If you have any issues, please contact customer support of Binance.com.
FAQ
- How much can I swap every day?
You can monitor your daily limit at the top of bridge page.
- What is pegged Bitcoin on Binance Chain and Binance Smart Chain?
Binance.com announced Project Token Canal, which is a new initiative, similar to many existing ‘wrapped coins’ in the crypto community. As the largest crypto token vault and exchange, Binance.com will issue and bind more token assets on Binance Chain and Binance Smart Chain, and guarantee the conversion from and to the original tokens with credibility and infrastructure. Announcement: https://www.binance.com/en/support/articles/daca7c991d5f4c45a4d1083f70912515
Project Token Canal is a great option for users of Binance.com, while Binance Bridge is the powerful alternative for non-Binance.com users and more. These two channels will work together to provide more liquidity to Binance Chain ecosystem. View Proof of Assets
