Introduction
Binance Bridge V2 is a next-generation bridge service designed to facilitate seamless cross-chain liquidity transfers across major blockchain networks. It enables users to bring high-value assets like BUSD, USDT, and ETH into the Binance Chain and Binance Smart Chain ecosystems.
The V1 version operated via two primary methods:
- Peg-In: Converts native tokens to pegged equivalents on Binance Chain or Binance Smart Chain.
- Peg-Out: Converts pegged tokens back to native assets.
With V2, Binance Bridge expands its interoperability, supporting more networks and streamlining the token-swapping process.
User Guide
Swapping Tokens to Binance Chain
Steps:
- Install a compatible wallet (e.g., Binance Extension Wallet or MetaMask).
- Navigate to the Binance Bridge V2 page.
- Click "Connect Wallet" and authorize access.
- Select your desired asset (e.g., USDT, BUSD, ETH).
- Choose the source network (external blockchain) and destination network (Binance Chain or Binance Smart Chain).
- Enter the swap amount and confirm the transaction.
- Monitor the transaction status via the "History" tab.
Key Notes:
- A fixed network fee applies.
- Only the first transfer transaction is processed.
Swapping Tokens from Binance Chain
Steps:
- Follow the same wallet connection process as above.
- Set the source network to Binance Chain, Binance Smart Chain, or Ethereum (via MetaMask).
- Select the destination network (external blockchain).
- Input the swap amount and approve the transaction.
- Track progress under "History."
👉 Explore V2’s full token list
FAQ
1. What’s the daily swap limit?
Your daily quota is displayed on the Binance Bridge page.
2. What is pegged Bitcoin?
Pegged Bitcoin (BTCB) is a 1:1 backed asset on Binance Chain, part of Project Token Canal—a Binance initiative to enhance liquidity.
3. How secure is Binance Bridge?
All transactions are cryptographically verified. Binance regularly publishes Proof of Assets for transparency.
👉 Learn about cross-chain liquidity
Conclusion
Binance Bridge V2 offers a fast, secure, and decentralized solution for cross-chain asset transfers. For assistance, contact Binance Support.