Keen to boost your knowledge on blockchain? Read this blog to learn all about blockchain bridges, how they work, why they are needed and much more!
network. One way is to sell your BTC and then purchase ether . However, this would incur transaction fees and expose you to price volatility.
is a tokenized version of another cryptocurrency. It’s pegged to the value of the asset it represents and typically can be redeemed for it at any point., for example, you will first select the chain you’d like to bridge from and specify the amount. You will then deposit the crypto to an address generated by Binance Bridge. After the crypto is sent to the address during the time window, Binance Bridge will send you an equivalent amount of wrapped tokens on the other blockchain.
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