💱How to BRIDGE assets

Brief Introduction of How Bridge Works

Bridging (NOT swapping) is the process of moving token from one chain to another. This process requires 2 transactions, depositing the token onto Bridging Protocol, if Bridging Protocol has enough liquidity, it will transfer the token to your destination chain into your wallet. During this process, you can check on your deposit transaction hashes for the status.

If you already have assets (e.g. Ethereum, DAI and etc.) on other blockchains, you can bridge them to get their equivalent value on the chain you selected using the following bridge protocols.

Guide to Bridge Token into Cronos Chain

https://medium.com/stakingbits/guide-to-bridging-tokens-into-cronos-chain-1d3079d76bfdmedium.com

Nov 13, 2021 - 3 min read

How to Bridge from Binance Smart Chain to Cronos Chain

We are going to guide you how to bridge from BSC to Cronos using 3 different ways:

1. Crypto.com Exchange

2. EVOdefi

3. Elk Finance

1. Crypto.com Exchange

In order to bridge your token from BSC to Cronos via Crypto.com Exchange, you need to Sign up (first timer) or Log in (existing user)

First Step: Deposit the token onto Crypto.com Exchange

1. Go to https://crypto.com/exchange/

2. Choose Balances in the top-right corner and it will prompt you to Spot Wallet

3. Choose token you want to bridge and click Deposit

4. Select Network: BEP20 & click Copy Address

5. Open your BSC wallet and transfer the token you have chosen to the copied address

6. Once the transaction is processed successfully, go Transaction History for checking

Second Step: Transfer assets from BSC to Cronos using Crypto.com Exchange

1. Go back to your Spot Wallet crypto.com/exchange/wallets/spot/balances

2. Select the asset that you want to bridge over in your spot wallet

3. Click Withdraw

4. Select External Withdrawal Address

5. Select Add Withdrawal Address

6. Select the Cronos Network, add your Cronos wallet address and save it

7. Select your Cronos wallet address that you have whitelisted & input the withdrawal amount

8. Review withdrawal information and enter 2FA code to confirm withdrawal

Note:

Once you click Review Withdrawal, you will be taken to a new page to confirm withdrawal information and type in your 2FA code to finalize the withdrawal.

9. Once the transaction is processed successfully, go Transaction History for checking

10. Your assets will appear on your Cronos Wallet within a few minutes of withdrawal confirmation

2. EVOdefi

1. Go to https://bridge.evodefi.com/

2. Select source network as the BSC

3. Click Switch to BSC if your wallet is not connected to BSC

4. Select Cronos as destination chain

5. Select the token that you'd like to bridge

6. Input your desired wallet address. Usually, your recipient address is the same as your sending address

7. Enter the amount you wish to bridge.

Note: Please check whether the amount you've entered is within the minimum and maximum supported by EVOdefi.

8. Click Send button

9. Check your Cronos wallet when the transaction is successful

10. Your assets will appear in your Cronos wallet in about 2-5 minutes

3. Elk Finance

Elk Finance is also a good place to move your assets from BSC to Cronos Chain.

In order to bridge using Elk Finance, you need to:

I. Swap BNB token for ELK token

1. Go https://app.elk.finance/#/swap

2. Make sure your Metamask is connected to BSC

3. Insert the amount of BNB token you want to swap to ELK token

4. Click Approve

5. Click Swap

II. Bridge your ELK token from BSC to Cronos Chain

1. Go https://app.elk.finance/#/elknet

2. Insert the amount of ELK token you want to transfer

3. Click Select Target Chain

4. Choose Cronos

5. Make sure to check mark Swap ELK 1 for gas box

6. Click Approve ELK

7. Click Transfer

8. Wait for few minutes to receive your ELK token in Cronos Chain.

III. Swap ELK token to CRO Token

1. Go back to https://app.elk.finance/#/swap

2. Switch to Cronos Mainnet on your Metamask

3. Insert the amount of ELK token you want to swap to CRO token

4. Click Approve

5. Click Swap

YouTube Tutorial https://youtu.be/ysUecH5jX8g

Please watch the video below for more details:

https://youtu.be/ysUecH5jX8gyoutu.be

Bridging Guide - Elk.finance