How to Bridge Binance Smart Chain to Arbitrum [2023]

Paigambar Mohan Raj
Source: The Crypto Times

A safe multi-chain bridge is an ideal solution to connect Arbitrum and Binance Smart Chain (BNB Chain). Users can utilize MetaMask or a similar Web3 wallet with this approach. Using a web3 wallet, users can transfer stablecoins like USDC, USDT, or DAI from BNB to the Arbitrum network.

Read more: How to Add Arbitrum to MetaMask In 2023

Arbitrum is an Ethereum (ETH) layer-2 scaling solution. The network uses Rollups to improve scalability. The project seeks to lower transaction costs while increasing the efficiency of smart contracts. Moreover, the network has several additional privacy-related features.

How to bridge Binance Smart Chain to Arbitrum?

A secure multi-chain DEX like Synapse or Stargate Finance is an easy way to bridge BNB to Arbitrum. Additionally, Stargate Finance is more cost-effective and slippage-free for moving stable currencies from Binance to the Arbitrum network.

The steps to bridge the two networks are relatively simple.

  1. The first step is to find a secure bridge.
  2. Once a bridge has been selected, users need to connect their MetaMask, or equivalent web3 wallet, to the bridge.
  3. Then, users must decide which token they wish to send from BNB Chain to Arbitrum.
  4. Put in the number of tokens to be transferred.
  5. Wait for a few minutes for tokens to appear on the Arbitrum Layer 2 network after confirming the transfer.
Source: BuyBitcoinBank

The typical cost to bridge from Binance Smart Chain to Arbitrum using Stargate Finance is $10 (one way) for less than $1,000. Depending on network demand on the BSC chain, you might anticipate paying up to $25 per transaction for amounts exceeding $1,000. Nonetheless, this is far less expensive than competing solutions like the Synapse Protocol, which levies a 0.2% cost, or $25 for each $1,000 exchanged.

Bridging Binance Smart Chain to Arbitrum can help users take advantage of the inexpensive transaction costs, quick transaction times, and extensive ecosystem of the DeFi and NFT protocols on both chains.