Cross-Chain for BNB Beacon Chain in NOW Wallet
Ahead of BNB Beacon Chain's retirement, cross-chain exchange between BNB Beacon Chain (BEP2) and Binance Smart Chain (BEP20) is now available on more than 50 assets in NOW Wallet.
Beacon Chain Sunset
As the BNB Chain community gears up for the sunset of BNB Beacon Chain (BEP2) by June 2024, users are faced with the critical task of transitioning their assets to BNB Smart Chain (BEP20) to avoid the risk of permanent loss.
Failure to migrate funds from Beacon Chain to Smart Chain before June could result in irreversible loss. It's imperative for users to act promptly to prevent such losses.
In response to this impending change, NOW Wallet is introducing a new feature - cross-chain functionality between BNB Beacon Chain and BNB Smart Chain. This transition is vital for maintaining the integrity and accessibility of users' digital assets in the face of network changes.
How To Cross-Chain
Cross-chain swap from BEP2 to BEP20 via the NOW Wallet is a straightforward process. Here's a step-by-step guide:
Step 1: Get the NOW Wallet
Visit the NOW Wallet website by typing "walletnow.app" into your web browser's address bar or get it in Apple App Store or Google Play.
Step 2: Select Token
Find the token you want to receive on the BEP20 network.
Step 3: Copy Address
Copy the address associated with the selected token on the BEP20 network.
Step 4: Initiate Transfer
Next, select the same token on the BEP2 network, choose "send," and paste the copied BEP20 address. Select the amount of funds that you want to cross-chain.
TIP: Ensure that there are sufficient funds in BNB on the BEP2 network to cover the transaction fee (0.004075BNB).
Step 5: Complete Transaction
Once verified, proceed with the transaction to transfer the tokens.
FAQ
How quickly will I receive my funds after the exchange? The speed of transaction processing depends on the network load. However, we expect your funds to arrive at your BEP20 address within a few minutes.
What address do I need to specify when sending? When sending a coin, you need to specify BEP20 address. It always starts with “0x”.
Does NOW Wallet charge a fee for cross-chain BEP2 to BEP20? No. Only transfer fee of 0.004075 BNB will be charged for the transaction.
Can I pay the transfer fee BNB on the BSC network? No. Since the transaction is initiated on BNB Beacon Chain, it can only be BNB BEP2 as fee.
How do I get BNB on the BEP2 network to do a cross-chain transaction? You can buy BNB inside the wallet on the BUY page or exchange your assets on the EXCHANGE page right in NOW Wallet.
What assets are available for cross-chain right now? 52 assets are available right now: BNB, ChangeNOW Token, AAVE, ADA, ANKR, ATOM, AVA, BAKE, BAND, BAT, BCH, BEL, BELT, BIDR, BTCB, BTCST, BUNNY, BURGER, BUSD, CAKE, COMP, COS, DAI, DOGE, DOT, EOS, ETC, ETH, FIL, INJ, IOTX, LINK, LTC, LTO, MITH, MKR, NEAR, ONT, PHB, SNX, SUSHI, SXP, TWT, UNFI, UNI, USDT, XRP, XTZ, XVS, YFI, YFII, ZEC
