Bridging PERL from Ethereum to BSC

Introduction

Binance Bridge is a bridge service to transfer assets like BUSD, USDT, and ETH to the Binance Chain ecosystems. It works by locking the user's Ethereum based asset and release an equivalent amount of BSC based asset to the user. As a result, all non-native assets on BSC is fully backed by their native counterparts.

User Guide

Swap Tokens to and from Binance Smart Chain

  • Install your extension wallet; it can be Binance Extension Wallet or MetaMask

  • Go to the Binance Bridge page

  • Click on “Connect Wallet” on the upper right corner

  • Choose the assets you'd like to transfer

  • Confirm your “From” and “To” network types

You can click on the arrow button to switch between these two networks. In this case, we'll be swapping from Ethereum to Binance Smart Chain.

  • Enter Swap Amount

  • Enter your destination address. Please ensure that you have control over this destination address

  • Select 'Next'

  • On the pop-up dialogue, read through the details and select 'Confirm'

Please note that there might be a fixed amount of network fee. If you're transferring from Ethereum to BSC, Binance will ask you to transfer your ERC-20 token to a specific address to have your ERC-20 token locked. They will send the BEP-20 token to your destination address once they have received your ERC-20 token. Vice versa from BSC to Ethereum.

Transaction Result

You can verify the swap process from the “History” board.