Unlike banks, where different fiat currencies can be sent to and stored in one account, crypto transfers require bridges to move one coin to another blockchain.
Hence, if you want to swap between BNB to AVAX networks, you will definitely need a Bridging Protocol. This technology will help you move your assets from Avalanche C Chain to the Binance Smart Chain (BSC).
Without this, your transfer will not be processed, since it is just like driving a bus on railroad tracks. It doesn’t work like that. And if you send your BNB to Avalanche C Chain, the assets would be lost forever.
Top 3 Ways to Bridge BNB to AVAX
Of course, the easiest way to swap coins from one chain to another is to use an online cryptocurrency exchange. Also, you can leverage this option not only for AVAX and BNB but for all tokens available on this decentralized trading platform.
But let’s get back to BNB to AVAX bridging.
Synapse
The project bridges blockchains via an extensible internetworking protocol that supports digital assets, smart contracts, and so on. With Synapse, 16 blockchains (BSC, Avalanche, Arbitrum, Polygon, etc.) can easily and securely interact with each other.
Developers can build cross-chain apps, including DEXs, lending platforms, margin systems, derivatives markets, and yield aggregators.
Here is how it works in your case:
- You have to buy and store the required asset in your decentralized wallet in the Binance Smart Chain (BSC).
- Go to the official website.
- Click on the bridge icon and select the required pair (Avalanche C chain and BSC in our case).
- Select the asset you want to bridge and specify the amount.
- Confirm the transaction and wait for the coins to arrive.
Also, note that bridging isn’t free, so allocate some cents for fee purposes. By the way, sending crypto from BSC to Avalanche costs less.
Anyswap
AnySwap is a fully decentralized inter-chain exchange protocol for various tokens. This bridge is very flexible, has many blockchains, different pairs, and combinations of exchanges. At the same time, its interface is extremely simple and understandable. You can connect your wallet, select an asset and its blockchain, and make an exchange.
The protocol supports 18 different blockchains and many cryptocurrencies. Anyswap creates a copy of your coin on another blockchain (if it is not included in the list of declared cryptos).
The algorithm of actions matches any other DEX website:
- Make sure you have the required amount of BNB in your wallet.
- Connect your wallet.
- Choose BSC and Avalanche as the bridging networks.
- Choose the crypto you want to bridge.
- Confirm.
Apart from bridging with Anyswap, you can also provide liquidity for assets.
Router
The Router Protocol is a cross-chain protocol designed to connect assets between multiple L1 and L2 networks using stablecoins as a medium of exchange. The Router Protocol also facilitates cross-chain information flow by providing interoperability across networks.
It allows for swapping between Ethereum, Polygon, Binance Smart Chain, and Avalanche C chain.
The bridging process is 100% the same as the previous two ones. The only difference is that Router offers lower fees when paid in their native token — ROUTE.
Which Should You Choose?
The differences between mentioned technologies are minor. After all, any bridging protocol aims to create a single ecosystem for the full circulation of digital assets, increase the liquidity of the digital asset market, and create a richer ecosystem. It provides channels for users to directly exchange any two assets between different DeFi ecosystems.
With the development of these solutions, crypto transactions won’t lag behind their older brother (banking). Therefore, by leveraging these projects, we bring blockchain adoption closer and closer to the mass audience.
Thanks to them, the choice of the network of where to store your coins won’t be that important.