From that moment when Bitcoin ushered in a new financial era in 2009, many other blockchains began to emerge. From Ethereum, through Cardano, Polkadot and Polygon; which was previously known as Matic. The rise of blockchains of smart contracts, managed to fragment the cryptocurrency industry into small islands isolated from one another. Which means that different blockchains cannot effectively communicate with each other. For this reason, today we want to teach you how to transfer tokens Come in chains from blocks leaders.
In reality, this issue creates difficulties for investors and traders who want to move their digital assets between blockchains. But thanks to the different DeFi solutions and exchanges, little by little it becomes easier and easier to transfer tokens from one blockchain to another.
After Bitcoin, Ethereum is the most important blockchain. The ETH network grew considerably to become fundamental to the DeFi and NFT markets that have dominated all metrics thanks to its use and different decentralized applications.
However, in the same way that it happens with BTC, the Ethereum blockchain has its own flaws, especially when we are going to talk about the high transaction fees and performance; In the latter case, we refer to the number of transactions that the network can handle per second. Obviously, this generated the need for other blockchains such as Binance Smart Chain and Polygon.
Ethereum, Binance Smart Chain and Polygon are the three best known and most used blockchains in the crypto industry; At least for now. So the idea of this article is to make it very clear to us how to transfer funds between the three chains mentioned above.
How to transfer tokens between blockchains from Ethereum to BSC
In order to transfer tokens, be it from Bitcoin, Ether, USDT or ADA from Ethereum to BSC, we are going to have to use Binance Bridge. Binance Bridge gives anyone the ability to convert selected tokens into “wrapped” or “linked” versions and it is possible to use them in Binance Chain or Binance Smart Chain.
The first thing we have to do is make sure that we have MetaMask or Binance Smart Chain Wallet installed. Thanks to this, we will be able to interact with other assets that are focused on BSC.
Now we are going to have to direct us to Binance Bridge and link our wallet.
As you can see in the image above, currently, Binance Bridge allows four networks, among which we can see the ETH network, Tron (TRX), Binance Chain and OMNI.
After connecting the wallet, we will have to choose the network from where we want transfer the tokens between the different blockchains and the cryptocurrency that we want to migrate.
Next, we will have to select the amount of tokens that we want to transfer and then we will go on to confirm the transaction.
Something to keep in mind is that it will be necessary to pay the transaction fee in order to successfully complete the process. As we are on the Binance network, the fee will be in the form of Binance’s native tokens, BNB.
How to transfer tokens from BSC to Polygon
In the same way that it happens with Binance Smart Chain, we cannot deny that the Polygon network has gained great popularity lately, it is mostly because many of the transaction fees are extremely low. The transfers of tokens from Binance Smart Chain to Polygon are done in a very similar way to what we discussed a little above.
The only thing we need to clarify is that not all cross-chain bridges currently support trades. To give us an idea, transferring tokens from BSC to Polygon is not available on Binance Bridge.
However, we can find several bridges between different chains that allow to maintain several networks and assets. In this example, we are going to use RelayChain, the reason is that it currently offers us Bridging as a Services to do well-known decentralized exchanges and dApps.
Consider that, for almost a year, this platform powered the Zero Exchange DEX, which exceeded $ 70 million in total blocked value (TVL) and managed to securely control more than $ 1 billion in transactions.
Therefore, we are going to transfer the BSC tokens to Polygon and for this, we will have to have a MetaMask wallet.
We will have to make sure we have sufficient funds, bearing in mind that we will also have to pay gas rates. So, we open the page Relay and connect our MetaMask wallet.
Next, we are going to have to choose the token we want to transfer and the amount, in this case it can be anything: BNB, zUSDT or zETH.
Now we will have to select the chain where we would like to move the tokens, in our case it will be Polygon.
After doing this, we will have to click on the transfer button. Something else that we should take into account is that the time it takes is approximately 2 minutes, although on some occasions it may take more than 15.
Transfer Ethereum tokens to Polygon
As for transferring tokens from the Ethereum blockchain to Polygon, it is extremely easy and above all very fast. The only thing, we must bear in mind that there are a huge number of other cross chain bridges in addition to the ones we mentioned above.
In the same way that it happens with Binance, Polygon has its own bridge that is known as Polygon Bridge. The token transfer process in Polygon Bridge, actually the same as the two processes we saw earlier, so it shouldn’t be too complicated.