🟠How to Bridge ADA to BSC
This article outlines reasons why to bridge ADA to BSC, and how to do it easily.
Why Bridge ADA to BSC?
The Cardano network doesn't have a DeFi ecosystem yet, but BSC provides DEXs, lending services, and more. At the time of writing, BSC has a TVL $25 billion and $ 600 million of ADA are on BSC. 160 000 Cardano holders already use their precious ADA on the fast BSC network to trade and earn. There are two main reasons why these holders entrust BSC with their tokens.
Decentralized Finance of BSC
Earn more rewards than simply staking ADA by providing liquidity and lending ADA
Swap ADA to other cryptocurrencies via trust-less DEXs
It is easy to bridge ADA to BSC
Requirements
MetaMask Wallet: How to Set Up MetaMask Wallet?
MetaMask connected to BSC: Connecting MetaMask to Binance Smart Chain
Display ADA in your MetaMask: How to Add Tokens to MetaMask Wallet
ADA on BSC Contract Address: 0x3ee2200efb3400fabb9aacf31297cbdd1d435d47
Simplest Ways
1. From Binance to Wallet
Log into your Binance account. Find the 'Withdraw Crypto' interface (see image above) and enter the details. Select BSC for the Network and make sure you enter the correct address of your MetaMask wallet. Confirm the withdrawal and wait until it has been processed by Binance. Congratulations, you have bridged your ADA to BSC!
2. From Wallet to Wallet
Access the Binance Bridge webpage. Connect your MetaMask wallet. Select ADA and ADA Network to Binance Smart Chain Network (BEP20). Enter the amount, press next, and select '4. I will send tokens from my own wallet'. Then double-check the action and confirm it. Now the webpage prompts you to send ADA to an address. After you have deposited the ADA, Binance will automatically send you the ADA to your MetaMask. After roughly ten minutes your ADA will show up in your wallet. Congratulations, you have bridged your ADA to BSC!
What now?
There are countless ways to use your ADA on BSC - provide liquidity on PancakeSwap, lend on Venus and more. One of the easiest methods to earn more ADA is the AutoStaking product of Feeder Finance. You simply have to access https://app.feeder.finance/invest, select ADA and deposit them. Voilà!
Need help?
The Feeder Finance team always welcomes newcomers. If you experience any problems, don't hesitate to ask for help: Community Telegram: https://t.me/FeederFinance Official Discord: https://discord.gg/e3uvPRJM
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