How to Bridge to BNB Chain
The best way to efficiently transfer assets from Ethereum mainnet or other networks to BNB Chain is by using a cross-chain bridge. This method enables fast and cheap token transfers to BNB Chain while offering lower fees and minimal slippage compared to native bridging solutions.
Follow these four simple steps for bridging:
- Access Multichain and connect your MetaMask or alternative wallet.
- Choose BNB Chain as your target chain.
- Pick the token and quantity you want to bridge.
- Review your transaction and click 'Swap'. Your tokens should arrive in under 10 minutes.
BNB Chain Bridging Fees
Bridging fees to BNB Chain typically only include the gas expenses for cross-chain asset transfers. This fee will vary depending on the network you use and will generally be less than $1 unless you are bridging from Ethereum mainnet (which will cost $5-$10). No extra fees are added by Multichain.
What is BNB Chain?
BNB Chain is a high-performance, low-latency blockchain that utilizes the Binance Smart Chain (BSC) consensus protocol. It supports smart contracts and facilitates decentralized finance (DeFi) applications while maintaining energy efficiency, security, scalability, and sustainability.
Defillama lists popular applications on BNB Chain by Total Value Locked, including PancakeSwap, Venus, Autofarm, and Belt Finance.
In summary, using a trustworthy cross-chain bridge like Multichain allows for a smooth and cost-effective process when bridging assets to BNB Chain. This guide outlines the straightforward procedure for transferring assets from Ethereum or other networks to BNB Chain in a few simple steps. With its BSC consensus protocol, BNB Chain is an attractive choice in the DeFi space, boasting over $5 billion in TVL on the network.