The ability to seamlessly move assets between different blockchain networks is crucial in the cryptocurrency world. Bridging services play a pivotal role in this process, enabling users to convert their tokens from one standard to another. In this guide, we’ll explore the step-by-step process of how to convert BEP20 to ERC20 tokens using three popular bridge services: Binance Convert, Allbridge, and XY Finance.
Key Takeaways
- Bridging services act as intermediaries, enabling users to convert tokens between different blockchain standards. They streamline the process of moving assets from one network to another.
- Converting BEP20 tokens to ERC20 tokens broadens your access to the cryptocurrency ecosystem. ERC20 tokens are widely used in DeFi applications, liquidity pools, and trading platforms on the Ethereum network.
- Learn how to use Binance Convert, AllBridge, and XYFinance Bridge to convert your BEP20 tokens to ERC20 tokens.
How to Convert Bep20 to ERC20 Tokens
Bridging services are platforms that facilitate the transfer of tokens between different blockchain networks. They act as intermediaries, ensuring that tokens can be moved from one blockchain standard to another without complications.
These services are essential for users who wish to take advantage of different decentralized finance (DeFi) protocols or participate in projects that operate on distinct blockchain networks. Let’s look at three of the most popular BEP20 to ERC20 bridging services and step-by-step instructions on how to use them.
Binance Convert
Binance Convert is a well-known bridge service offered by Binance that offers an intuitive interface for converting tokens between different blockchains. To use Binance Convert, you first need to have a verified Binance account.
You can read this article to learn how to create a Binance account and get it verified. Once you’re done setting up, follow the steps below to convert BEP-20 to ERC-20.
- Log in to your Binance account, click the Trade dropdown menu, and select the Convert option.
- On the open page, select the BEP20 token you want to convert in the From field.
- In the To field, select the ERC20 token you wish to receive.
- Enter the amount you want to convert and click Preview Conversion.
- Confirm the transaction details and click the Convert button to initiate the conversion process.
- Once the conversion is complete, you will receive the ERC20 tokens in your MetaMask wallet.
Related: How Long Does Binance Verification Take in 2023?
Allbridge: Bridging Made Simple
Allbridge is another popular bridging solution that offers seamless token conversion. The process is straightforward and does not require as many identity checks as Binance requires. Here’s a breakdown of the BEP20 to ERC20 conversion process on Allbridge:
- Go to the Allbridge website and click on the Launch App button
- On the next tab, click the Connect button to select your preferred crypto wallet to connect to the bridge.
- Once connected, in the Form Field, select the BEP20 token you want to convert.
- In the To field, select the ERC20 token you want to receive.
- Enter the amount you want to convert.
- Click on the Send button.
- You will be prompted to confirm the transaction. Click on the Confirm button to trigger the conversion.
Related: Top 4 Best BEP20 Wallet for Binance Smart Chain in 2023
XY Finance: Bridging with Flexibility
XY Finance introduces flexibility to the bridging process. Like ALlBridge, it is an easy-to-access platform with no verification requirements. Below are the step-by-step instructions on how to change BEP20 tokens to ERC20 ones on XYFinance.
- Visit the XY Finance website and click on the Launch App button.
- Click the Connect wallet to link your crypto wallet to the bridge.
- In the Swap section, select the From chain as Binance Smart Chain (BSC) and the To chain as Ethereum, then click the Switch to BNB button.
- You will receive a prompt on your connected wallet asking you to permit the bridge to switch networks.
- Approve this prompt.
- In the From token field, select the BEP20 token you want to convert.
- Select the ERC20 token you want to receive in the To Token field.
- Enter the amount you want to convert.
Why Convert BEP20 Tokens to ERC20?
Converting BEP20 tokens to ERC20 tokens can open up a world of opportunities. While BEP20 tokens are primarily associated with the Binance Smart Chain (BSC), ERC20 tokens are widely used on the Ethereum network. By converting your BEP20 tokens to ERC20, you can access a broader range of DeFi applications, liquidity pools, and trading platforms. This flexibility allows you to harness the full potential of both blockchain ecosystems.
Related: How to Find BEP20 Wallet Address on Trust Wallet & Metamask
Conclusion
Converting BEP20 tokens to ERC20 tokens is a strategic move that enhances your cryptocurrency portfolio’s versatility. Bridging services like Binance Convert, Allbridge, and XY Finance provide user-friendly platforms to facilitate this conversion seamlessly. Whether you’re aiming to explore new DeFi opportunities or diversify your token holdings, these bridge services pave the way for effortless cross-blockchain transactions.
By leveraging these bridge services, you can navigate the decentralized landscape with greater ease and make the most of the opportunities each blockchain network has to offer. Whether you’re a DeFi enthusiast or a blockchain explorer, the ability to convert tokens seamlessly opens doors to exciting possibilities.
Related: How to from Bridge BNB to AVAX
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FAQs
How can I convert BEP20 tokens to ERC20 using Metamask?
If you’re wondering how to swap ERC20 to BEP20 in MetaMask, you only need to locate a reliable bridge service that supports this token conversion. Prominent bridge services such as Binance Convert, Allbridge, and XY Finance offer seamless BEP20 to ERC20 conversion.
Once you’ve chosen a suitable bridge, the next step is to connect your Metamask wallet to the selected bridge service. This connection establishes the link between your token holdings and the bridge, enabling the smooth transfer of your BEP20 tokens to the ERC20 standard.
How can I convert BEP20 tokens to ERC20 using TrustWallet?
The first step in learning how to swap ERC20 to BEP20 in Trust Wallet is to identify a trustworthy bridge service that supports this specific token conversion. There are several reputable options, like Binance Bridge, Allbridge, and XY Finance, that facilitate seamless BEP20 to ERC20 conversion.
Once you’ve selected a suitable bridge, the next crucial step is establishing a connection between your Trust Wallet and the chosen bridge service. This connection enables the secure transfer of your BEP20 tokens to the ERC20 standard. By adhering to these instructions, you can navigate the conversion process smoothly and leverage the advantages of cross-blockchain interoperability.
