How to Bridge Assets from BNB Chain to Solana Using Allbridge?

Blockchains bridges are becoming more relevant with each passing day. Here’s a simple guide for using Allbridge to move assets from the BNB chain to Solana.

By
Soumen Datta
on
March 5, 2022
Category:
Explainer

Moving Assets from BNB Chain to Solana

DeFi's cross-chain bridges are becoming more and more critical as interoperability, cross-chain communication, and token bridging gain popularity. Allbridge provides a fast, affordable and secure way of moving liquidity between EVM, non-EVM, and Layer 2 blockchains.

The following guide will take you on a step-by-step journey on how to easily transfer your assets from the BNB chain to Solana using Allbridge:

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Step 1: Choose Blockchain and Asset

As a first step, you need to visit the Allbridge page here. You can then select the blockchain from which you want to transfer and the destination blockchain you wish your tokens to arrive. As you can see in the image below, we have chosen the starting blockchain as BNB and the destination blockchain as Solana for this guide.

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Next, choose the asset that you would like to transfer. Here we will be going with BUSD as the asset. From the drop-down list below, you can pick any token you want. The list will vary according to the source blockchain.

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Step 2: Connect the Wallet

After choosing the source and destination blockchains and the asset you want to transfer, it’s time to click the ‘Connect Wallet’ option. Your wallet will then prompt you to approve the choice you’ve made. For our case, we will be using the Metamask wallet.

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You can check here if you face difficulties setting up your Metamask wallet.

If you want to connect MetaMask Wallet to The Binance Smart Chain, you can check this guide here.

Step 3 Fill in the Recipient's Address and Number of Assets

After connecting your wallet, you need to enter the destination blockchain's address in the 'Recipient Address' field. The next step is to enter the number of assets you want to send in the ‘Amount to send’ field.

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If you are using MetaMask for example, you will be prompted to approve your spending before sending money. Before confirming the send transaction in the wallet, click the 'Send' button to trigger the transaction. As seen below, a waiting page will appear following the transaction approvaL, including a link to the block explorer.

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Step 4 Connect Wallet and Receive Assets

As soon as the transaction is successful, you'll be able to connect your wallet to your destination blockchain (what you entered in the 'To' field) and receive your designated assets. Next, click on the ‘Connect Wallet’, to choose your relevant wallet.

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You will then be forwarded to the next step to receive assets. Select 'Receive' as shown below to trigger the transaction you have initiated.

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As soon as you confirm the transaction, you will see a waiting screen with a link for viewing the block explorer, so you know where your assets are at all times. Following the completion of this step, you will see a success screen similar to the one below.

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Congratulations if you have gotten this far. Hopefully, you now understand how the assets of the BNB chain can be transferred to Solana. Using these steps, you can bridge any asset between blockchains. 

In addition, you can tune in to a live stream where Allbridge founder Andriy Velykyv speaks with Greg Gotsis, Co-Founder of Web3Wire, about Allbridge.


What is Allbridge?

According to Allbridge, it is a simple, modern, and dependable method of transferring assets between networks. Moreover, it is a bridge between EVM (like Ethereum, Polygon, BSC) and non-EVM compatible (like Solana, Terra) blockchains, with the goal of eventually covering L2 (like Arbitrum, Optimism) solutions and NFT transfers.

The mission of Allbridge is to make the blockchain world borderless by providing a tool for freely moving assets between networks. In the future, it will transform into a DAO-style multi-chain hub, connecting EVM and non-EVM networks.

Where to find Allbridge?

Website | Twitter | Telegram

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Soumen Datta

Soumen is an experienced writer with a background in Laser Physics. He has a passion for learning and is mainly interested in Defi, P2E gaming, and NFTs. His largest crypto holdings are BTC, ETH, SOL and DOT token.

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