(1) Move DAI from Binance Smart Chain (BSC)
Transfer your DAI tokens from Binance Smart Chain (BSC) to the xDai Chain, and convert them into xDai coins using Component.
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Transfer your DAI tokens from Binance Smart Chain (BSC) to the xDai Chain, and convert them into xDai coins using Component.
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There is more than one way of doing it. We'll show you both ways, and let you choose which route you rather take.
This route is fairly easy to follow. First, we swap a cryptocurrency from BSC (such as BNB) for one of the three cryptocurrencies accepted on the brigde we'll use later on. Then, making use of that same bridge, we convert them into xDai.
You'll need a few BNB to pay the transaction fees.
(1) Access exchange page. (2) Connect your Wallet (Tap the "Connect" at the page's top right corner). (4) Choose the cryptocurrencies to be exchanged.
Once it's completed, a pop-up will indicate the success of the transaction.
Congrats! Go check the newly acquired xDai in your Wallet.
Once the exchange is done, go to (1) Connect your wallet to the Binance Smart Chain Network. (2) Select the Binance Smart Chain Network as the outgoing network (3) Select xDai Chain as the incoming network. (4) Select the currency you want to exchange (in this case, DAI). (5) Paste your Wallet Address into the "Receiver Address" field. (6) Press the Cross-Chain Transfer button. (7) Wait for a bit, then Confirm the transaction.
There's a tutorial , from a non-official third-party.
(1) Access the BSC . (2) Connect your web3 wallet, on the Binance Network. (3) Select the token you want to move (in this case, DAI) and the amount.
(1) Access . (2) Connect your Wallet, confirm it, and set it to the xDai Chain Network. (3) Click on the Swap tab. (4) Select to swap DAI (BSC) for wxDAI and choose the amount. (5) Press Swap and confirm it. (6) Wait a second, then press Execute, and confirm it again.
(1) Access . (2) Connect to your Wallet and set it to the xDai Chain Network. (3) Click on the Unwrap wxDai tab. (4) Enter the amount of wxDai to unwrap. (5) Press Submit and confirm it. (6) Wait for a short second, and yes, finally, done! For real.
In case you're hungry for more, you can continue to read about the BSC OmniBridge .
In case you choose to use the BSC OmniBridge, and your wallet has a balance of 0 xDai, you'll actually receive a small amount of xDai ($0.01) when bridging your tokens. In other words, you'll be granted access to the - this improves the onboarding process of new users, enabling them to make transactions right away!