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Binance Reveals Binance Bridge 2.0 for Bridging Tokens from Ethereum to BNB Chain

 


Binance Bridge 2.0: How To Bridge Token From Ethereum To BNB Smart Chain




Binance has introduced Binance Bridge 2.0, a new mechanism that will allow users to connect numerous blockchains to the BNB smart chain.


Users will be able to connect assets from other blockchains to Binance's native BNB Smart Chain via Binance Bridge. The BNB Chain will also be used to bridge unlisted tokens as part of the feature release.



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By using the usual deposit and withdrawal features, users will be able to execute bridge-in and bridge-out between different blockchains and BNB Chains. Let's look at how Ethereum users connect to the BNB Smart Chain.


How to Connect Ethereum to the BNB Smart Chain


The Binance Bridge 2.0 is now available on the platform, and it will initially support nine tokens: The Sandbox, Apecoin, JasmyCoin, Decentraland, VeChain, ConstitutionDAO, MovieBloc, LooksRare, and DogeLon Mars.


Regardless, Binance has provided us with some information about the bridging procedure. It does not appear to offer details about unlisted tokens, instead of focusing solely on public assets. To convert Ethereum to BNB, follow these steps:



   - BNB Smart Chain may be accessed using your MetaMask wallet.


   -Binance Bridge is where you should go.


   -Select MetaMask from the Connect Wallet drop-down menu.


   -Next, select the account you want to use.


   -The user will now be asked to give various rights on the screen. Read them carefully before clicking the connect button.


   -Now, among the various assets mentioned on the website, pick ETH as a selected asset.


   -In the "From" category, choose Ethereum Network.


   -From the "To" section, choose BSC.


   -Complete the transaction by entering the required amount to be moved.


What is Binance Bridge 2.0, and how does it work?


Binance Bridge is a "new approach to bridge listed and selected unlisted tokens from Ethereum to BNB Smart Chain called BTokens," according to its website, which was launched on March 29.


Wrapped tokens may be used in the BNB Chain ecosystem, including Defi, gaming, and other goods.


Additional features of the new Binance Bridge 2.0 include the ability to bridge "tokens not listed on the exchange."


These unlisted coins will be wrapped BTokens on BNB Smart Chain, allowing users to participate in the decentralized BNB Chain ecosystem.



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