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Binance Smart Chain
How to Move Assets from Ethereum to Binance Smart Chain — Binance Bridge
Moving your assets between Ethereum and BSC easily
ATTENTION❗️
Unfortunately, Binance Bridge has been closed and this guide is not valid anymore. I prepared a new guide about Multichain — Cross Chain Router Protocol to move over 1500 assets between 30 chains. Check it out in the below link 👇
Increasing gas fees on the Ethereum network takes a lot of profit away from DeFi users. It also became impossible for small investors to enter the DeFi space since even a single transaction can cost like $100. Crazy…
Luckily Binance created Binance Smart Chain (BSC) to address this problem. The transactions on BSC are fast and very cheap.
Even it’s super new, there are already well-established DeFi projects like PancakeSwap. Its TVL is already more than $2 billion. It’s a BSC alternative to Ethereum projects like UniSwap and Sushiswap.
There are also very nice yield aggregators like autofarm.network.
However, there is one thing everybody needs to do before diving into BSC. Moving assets from Ethereum to BSC. It might not be straightforward, but not with Binance Bridge.
Binance Bridge is a tool to move around assets between cross-chains with ease. We can learn about how to do it in this guide.
Prerequisites
Binance Bridge is not allowed in the US. However, it’s a public tool and doesn’t require an account to use. All you need is a VPN to get around IP restriction. You can use high-quality VPN services like Windscribe for free.
Next, you need a wallet connected to BSC. Below you can find a guide about connecting MetaMask to the BSC mainnet.
