https://ift.tt/iZh8Cyd to Solana Bridges – How To Send Coins From BSC To Solana Blockchain?

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March 10, 2022
11:43 am

BSC to Solana Bridges – How To Send Coins From BSC To Solana Blockchain?

https://ift.tt/S71d4tB

SOL has been one of the biggest risers in the August-September 2021 period, even while markets were going down, SOL managed to keep going up. From a $30 price at the start of August to over $200 at the top, it has seen some amazing new attention. BNB had a great year in 2021 as well. It started the year under $40 and ended up breaking ATH with $690.

This is proof that these two coins got new money invested in them and used in their ecosystems. Since their attention together is something that is brand new to this year, developments happened at the same time as well. People started to question how they could move money from the BSC ecosystem to the SOL ecosystem or vice versa. Today we will talk about all the methods you could move money between them.

How to send coins from BSC to Solana?

APYswap bridge

APYSwap foundation has a bridge called Allbridge. There you can move money around from one blockchain to another. All you have to do is go to https://app.allbridge.io and pick the chain you want it from to the chain you want it to. You will also need to select “asset” which is the token you want to exchange. You will need to connect your wallet to finish it as well.

Simply follow the instructions on that page and you will be able to send money from SOL to BSC or vice versa. It is certainly as easy as clicking a few buttons and typing a little information. It is a newer version of Bridge, came out after Wormhole and it is working on more features in order to make it bigger. This ambition has been welcomed by the community with open arms. However, patience is required until it is all-inclusive and reaches its potential.

Wormhole bridge

With the same logic, the Wormhole is even an older Bridge that has been in operation. All you have to do is go to https://ift.tt/D6d8vbN and do exactly what it says. First, you will select the token you want to send and the chain it is on, then you will select where you want it and which token and which chain, you will need to connect your wallet to both of these options.

Then all you will have to do will be confirm both sending yours and receiving from them to finish the task. Wormhole is the first Bridge to put SOL into this world. They are offering SOL, Terra, ETH, and BSC connections, meaning you could move assets between those chains easily. This makes them the biggest Bridge that has SOL in it. Obviously, there are many bridges between ETH and BSC that are radically higher in volume. However, none are bigger than Wormhole and also have SOL chains in them.

CEX like Binance, KuCoin or Gate.io

Before the Bridging technology came out, we still moved money around the traditional way. Which was to move money from one wallet to the exchange, trade it for the coin we want, and move it to the next wallet. So if you have BNB on BSC and want SOL on Serum, then you would send your BNB from Metamask (or any other wallet you use) to Binance, trade it to SOL on Binance, then withdraw it to Serum wallet to finish the task. It is still used by the majority of the people since it is the one we know and used so far.

For certain blockchains and tokens/coins it is still fairly cheap, which is why people do not feel the need to move to the bridge option as well. SOL and BSC are one of those cheap options, instead of using bridges, people may prefer to use exchanges, especially Binance considering BSC is their product. It is both cheap and also very quick. However the action itself takes a little longer than a bridge would, considering you would have to use an exchange as a middleman, and that takes longer than simply clicking a few buttons in a bridge.

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FAQs

What is a blockchain bridge

A bridge is exactly what it sounds like in the blockchain world. It allows people to move assets from one chain to another. It could be any token in any chain, as long as there is an equal amount of requests on the other side, the liquidity will keep it going. This way people do not need to get out of the chain if they do not want to, and simply move in between them.

How do you change BNB to Solana

You can exchange BNB and Solana in most major exchanges. Majorly on Binance with over $8 million dollars per day volume. You can also trade them both with many other tokens and coins, both being highly traded coins, the volume and liquidity and pair options available for both of them are quite high. This gives them the flexibility to change into any coin and then back or between each other with ease.

How do you bridge Solana

The bridge is not specific to any one blockchain. Just as all the other blockchains use Bridge technology to move assets between each other, SOL does the same thing. You will need to use a third-party product to move from SOL to any other place. It mainly requires you to connect your wallets in order to achieve this.

Is Solana interoperable with BSC

Interoperability is possible using the Wormhole protocol. Thanks to Wormhole both BSC and SOL could be moved between each other, not only the chains themselves but every single data between them can be used between each other. A bridge does not only allow people to swap tokens between chains but also all the other info such as block data and price information between chains as well, this allows chains to be working together, instead of separately, via the bridge itself.

Is Solana a BSC

Solana is a different coin and it has its own blockchain. Just as how BNB has BSC, SOL has Solana. They are two different projects with equally great features. They are also great alternatives to anyone who is tired of paying high gas fees on ETH as well.