Ethereum <--> Binance Smart Chain
Last updated
Last updated
At HUMAN, we facilitate secure, fast, and cost-efficient token transfers between Ethereum and Binance Smart Chain (BSC) using the Wormhole Portal. This enables users to interact seamlessly with both ecosystems.
The Polygon Bridge is a trustless cross-chain transaction channel that allows users to transfer assets (e.g., ERC-20 tokens like HMT) between Ethereum and Polygon. It leverages smart contracts to ensure security and transparency, making it an ideal solution for bridging assets between the two networks.
Deposit HMT Tokens to the Bridge:
Users deposit their HMT tokens on the Ethereum network through the Wormhole Portal interface.
The tokens are locked in a smart contract, and an equivalent amount of wrapped tokens is minted on the Binance Smart Chain (BSC).
Use HMT Tokens on BSC:
Once the tokens are bridged, they can be used on the BSC network for transactions, trading, or interacting with dApps.
Withdraw HMT Tokens Back to Ethereum:
To move tokens back to Ethereum, the process involves burning the tokens on BSC and unlocking the equivalent amount on Ethereum.
Go to the official Wormhole Portal.
Connect your wallet (e.g., MetaMask) to the Ethereum network.
Select Ethereum as the Source Network.
Choose Binance Smart Chain as the Target Network.
Select HMT as the token you want to bridge. You can find token addresses here.
Populate the amount to bridge and click on NEXT.
Click on NEXT again.
Click on APPROVE and confirm the transaction in your wallet to allow to the bridge spend your tokens during the bridging process.
Click on TRANSFER and then CONFIRM to start the bridging process.
Confirm the transfer in your wallet.
Once the bridge process is completed (might take up to 15 min), click on REDEEM to retrieve your tokens on BSC.
Gas Fees: Bridging transactions require gas fees on both Ethereum and Binance Smart Chain, which may vary based on network congestion.
Bridging Time: Withdrawals back to Ethereum are usually quick, but deposits to BSC may take longer (typically 15 minutes).
Double-Check Addresses: Ensure the wallet addresses are correct to avoid loss of funds.
