How to Bridge Cryptocurrencies Across DeFi Networks Using AllBridge
The importance of bridges continues to grow. Here’s a simple guide on how to use the Allbridge platform.
Crypto Movement Tutorial: AllBridge
AllBridge offers a simple and effective route of moving your assets from one chain to another.
Allbridge supports cross-chain transactions between Ethereum, Binance Smart Chain, Polygon, Solana, Avalanche, Huboi Eco Chain, and Celo. Across these chains, it also supports a growing number of tokens and coins which are commonly featured in decentralized finance (DeFi).
The following concise guide will offer an effortless avenue to shift your digital assets through the favored bridge.
You will initially begin by accessing the bridge page, here. You will then select your route, designating from which blockchain you wish to transfer your tokens, and to which blockchain you wish for them to arrive. For reference, you can notice the image below.
Choose the specific asset you are looking to transfer before finally completing your transaction by clicking the ‘Connect Wallet’ option.
Your wallet will then prompt you to approve the choice you’ve made. After this, you will be required to enter the address of the destination blockchain in the ‘Recipient Address’ field. Finally, enter the amount of assets you want to send in the Amount to send field.
If using MetaMask for example, you will once again be prompted to grant approval of spending before sending money. Click the ‘Send’ button to trigger the send transaction before confirming it in the wallet. Upon approving the transaction will be met with a waiting page, on which you can access the link to the block explorer as evidenced below.
After the transaction comes up as successful, you will then have the chance to connect the wallet of your destination blockchain (what you previously entered on the ‘To’ field) and receive your designated assets.
Select ‘Connect Wallet’, to choose your relevant wallet, and then select ‘Receive’ as can be viewed below, to trigger the transaction you have initiated.
Upon confirming the transaction you will again be met with a waiting screen with a link to view the block explorer, you are at all times aware of where your assets are. After this is complete, you will be met with a final success screen as can be viewed below.
That is the quick and easy manner with which you can utilize AllBridge, for all your bridging necessities.
For an inside look into Allbridge, DeFi Direct and Goon Trades had Allbridge founder Andriy Velykyv on a livestream to discuss all things Allbridge, where Velykyv even gave his own tutorial on how to work the bridge.
What is Allbridge?
Allbridge refers to itself as a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM and non-EVM compatible blockchains, that aims to cover L2 solutions and NFT transfers in the future.
Allbridge mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks. In the future it will evolve into a DAO-style multi-chain hub, establishing connections between the EVM and non-EVM networks.
Where to find more about Allbridge:
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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