How to Transfer USDT from Ethereum to BSC at Best Rates & with Lesser Gas Fees?
Ethereum is an open source, decentralized blockchain with the smart contract functionality. The greater the demand for Ethereum, the pricier the gas fee becomes. This is due to the fact that, more people interact with the blockchain platform and miners need greater computational power to keep up with this scale, thus leading them to prioritize the transactions with higher gas fee limit.
Binance Smart Chain (BSC) was envisioned as an independent but as complementary system to the already existing Binance Chain. Dual-chain architecture has been used, with the idea to give users access to seamless transfers of assets from one blockchain to another. In this way, BSC has been trying to solve the higher gas fee problem to a great extent. The transactions on the Binance Smart Chain are generally fast and very cheap.
You might want to move your crypto assets like USDC from the Ethereum network to BSC network. Using RocketX, you can transfer your tokens quickly in a few simple steps and more importantly, you can save up to 80% on the gas fees and platform fees when compared to other platforms like Pancakeswap, Uniswap or 1inch. RocketX Exchange aggregates both the centralized and decentralized exchanges and makes it easy for the user to find the best rates to swap tokens across different exchanges with the lowest gas fees.
You can transfer or bridge your USDT tokens from Ethereum to BSC at best rates and with minimal slippage by watching this video here or by following the below simple steps:
1. Navigate to RocketX.exchange
RocketX is the world’s first global liquidity aggregator that supports cross-chain swaps and token transfers. Get access to the world’s best liquidity available on Binance which helps you get more tokens as well as save on the gas fees when you are transferring, swapping or cross-chain swapping your tokens.
2. Connect your decentralized wallet by clicking on the “Connect Wallet” button.
You may connect your Metamask wallet. RocketX currently supports Metamask and WalletConnect. Trust Wallet support is awaited. Make sure that the network on Metamask is Ethereum as you are trying to transfer USDT from Ethereum to BSC network. Once your wallet is connected, you can start trading your tokens on RocketX!
3. Select the source network on RocketX interface.
In this case, the source network would be “Ethereum”.
RocketX currently supports 3 networks and will soon support networks like Avalanche, Arbitrum and NEAR networks.
4. Select the tokens you want to transfer
Select USDT as the tokens to be transferred from one network to another as in this case, you’re trying to transfer USDT from Ethereum to BSC networks.
RocketX supports 350+ tokens currently and will soon be able to provide access to trading of 1000+ tokens for the users.
5. Select the destination network on RocketX. In this case, the destination network would be BSC
6. Enter the values i.e., the number of tokens you want to transfer/bridge
Let’s say you want to transfer 100 USDT tokens from Ethereum network to BSC network –
This way, RocketX shows you the overall fee breakdown and the number of tokens you would be receiving in the interface itself. Remember that the application will automatically use the same address as the destination address, so you will receive tokens in the same address.
7. Read the disclaimer carefully and click on the “Transfer” button
8. Once you click on the “Transfer” button, a Metamask notification will popup showing you the gas fees associated with this particular transaction
9. Click on “Confirm” if you wish to proceed and your transaction would be initiated!
That’s it! Trade tokens at the best rates this way! RocketX enables users to trade crypto tokens with lesser gas fee and platform fees when compared to Uniswap, Anyswap, 1inch or Orion Protocol.
Liked what you read here? Head to www.rocketx.exchange and start trading your crypto tokens with minimal slippage today!
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Disclaimer: The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified. Please do your own research before investing into/trading any cryptocurrency.