Searching for possible ways to swap your Bitcoin cash over to smartBCH? This could be made possible through the utility of bridges that support the process.
The are several platforms that that supports the BCH - SmartBCH bridge which will be listed in this article and the most effective ones will be explained in details on how to make use of.
Prompt.cash
Hop.cash
Coinflex.com
Bridging in this context is a process whereby a coin or token could be converted from one network (chain) to another. Therefore bridging Bitcoin Cash to smartBCH is simply the process of converting the native Bitcoin Cash to SmartBCH (Sep-20) which is a side chain.
In a case where a Bitcoin cash user wants to participate in projects on the smartBCH ecosystem via DeFi, it is necessary that such user bridges the assigned amount he/she wishes to invest over the smartBCH network before depositing to his/her BCH (SmartBCH) address to avoid loosing assets.
For instance, One can only deposit BCH Sep-20 to a BCH Sep-20 address. Depositing BCH on its native network to BCH sep-20 will result in lost of asset.
Prompt.cash happens to be one of the fastest and reliable way to bridge Bitcoin Cash from its native network to smartBCH (Sep-20) and takes few minutes to receive sent asset over the other end of the bridge but, you can only use prompt.cash to Bridge over to smartBCH (Sep-20) and can't bridge back to the native BCH.
To bridge BCH to smartBCH, simply follow the steps below;
(Note: This process is more effective using a wallet)
Visit Prompt.cash
Input the amount of BCH you wish to bridge over to smartBCH
Provide SmartBCH address you wish to bridge to and click on "exchange BCH".
A QR code will be automatically generated, pegged to the stipulated amount of BCH
Scan the QR code using the wallet you wish to send from then send.
Immediately afterwards, Promt.cash's interface will change to a window showing your transaction process.
Bridging over prompt.cash does not require any form of registration or KYC verification and processes transactions within a short time.
It's only flaw is that it can not bridge back smartBCH to the native Bitcoin cash network.
Hop.cash is designed to enable the two way bridging of Bitcoin Cash. In it's case, users can bridge from the native Bitcoin cash network to smartBCH (Sep-20) and otherwise.
In order to make use of hop.cash, it requires a smartBCH setup on any Evm supported wallet (Example: Metamask). That is because you'll need to connect hop.cash to a smartBCH network before performing a bridge.
The video below will assist you in setting up smartBCH on your metamask wallet.
Visit https://hop.cash
Connect hop.cash to your smartBCH network
After successful connection, options to bridge between BCH to SmartBCH and SmartBCH to BCH will be displayed
Make choice as suitable to you
Please pay attention carefully to this. For BCH - SmartBCH, two addresses will be displayed to make deposit, a cash address and a legacy address ensure that you do not send from a legacy address to cash address or from cash address to legacy address.
Read Also: Difference Between BCH Legacy Address and CashAddr
After sending, Hop.cash automatically transfers BCH to SmartBCH. (For best bridge experience, a wallet is preferred)
Coinflex is one of the few exchanges that recognizes smartBCH and has also made it possible for its users to bridge BCH to smartBCH and fro after a sign up process via metamask and versa.
To bridge Bitcoin cash using coinflex, follow the steps below;
Login to your coinflex account
On the dashboard, go-to wallet & order and click on deposit to deposit BCH over the native chain (Legacy or CashAddr.
Once deposit is confirmed, go-to wallet & order and click on withdraw, select "Sep20"
Input your desired smartBCH address, amount to withdraw and click submit.
N/B Coinflex.com is a centralized exchange.
Hopefully, with careful attention to this few methods, even a newbie on smartBCH should be able to deposit (bridge) Bitcoin cash to smartBCH and vice versa.
Kindly give a thumb up if you've found this article educative.
Thank you for the very informative writing 🤗
I am using Coinflex to avoid much fees.
I am using Coinflex to avoid much fees.
It a great choice to be here in readcash cause I got the solution to my long time problem. I stuck on that process on how to put bch to my smartbch. Yes thank you sir for this informative step by step process. Now I can continue my smartbch journey.
Also hop.cash has a minimum amount one can transfer/bridge to and fro .
Nice observation, I'll update that. A minimum of 0.01 BCH
Thanks for the info