@Pantera
edited
Transfer your BCH to SmartBCH Easily with Wagon.Cash & Prompt.Cash
Transferring our BCH to SmartBCH requires a certain procedure to create an account with Coinflex, move our BCH there first and then transfer out to SmartBCH. However, as a centralized exchange, registered and regulated as a financial entity, Coinflex doesn’t serve some regions. Also, the procedure is lengthy, having to log in to the website, transfer Bitcoin Cash, wait for one confirmation and then transfer out again to a SmartBCH wallet, our tokenized version (SEP20) of BCH. Time is money though, and this action takes 15-20 minutes, maybe longer. Coinflex is a top exchange offering futures and other trading options, but I think the procedure of transferring funds is better with a fast bridge that takes seconds to swap the BCH in token form. Currently, we have two more options: **wagon.cash** **&** https://wagon.cash/ **prompt.cash** **(bridge)** https://prompt.cash/bridge Wagon.cash supports 0-confirmation so the transactions should take only a couple of seconds, while prompt.cash requires one block confirmation, so it can take 10 minutes or a little longer.
Wagon.cash Bridge
Source https://wagon.cash/ UatX has released an Web3 Dapp to transfer our BCH into the SmartBCH ecosystem. This is wagon.cash. https://wagon.cash/ I tested this yesterday, as I wanted to send some BCH into SmartBCH. I have now more than 2BCH locked in SmartBCH contracts and will try to increase it soon. Wagon.cash took seconds to send the BCH. It is reliable and as always it is better to perform a small test transaction first to check if everything is ready at the time you want to use it.
The design is minimalistic since its sole purpose is to be a bridge. Currently, it only offers the option to send funds to SmartBCH, so it is a one-way method. The same is with prompt.cash, so, for those that want to withdraw their Bitcoin Cash from the SmartBCH network, Coinflex provides the only available bridge for the time being. Although, I don’t suggest withdrawing when more BCH are locked each day in SmartBCH for DeFi and NFT purposes. After connecting our Metamask SmartBCH wallet to the Dapp, we read the terms and tick the boxes:
Read the requirements and remember not to send more than 50BCH in each transfer. Wagon.cash takes 0.1% of each transaction for the service it provides. After checking all boxes and pressing "Generate Payment Address" a QR code appears.
It took me less than one minute to transfer the BCH and didn't face any problem. However, for any questions Wagon.Cash offers support through its telegram service at: t.me./wagoncash . https://t.me/wagoncash
Prompt.Cash Bridge
Prompt.Cash is a popular, instant, and non-custodial payment gateway for Bitcoin Cash. It supports SLP tokens too and lately added this bridge to SmartBCH. https://prompt.cash The procedure is easy as we can observe from the bridge page: https://prompt.cash/bridge/
From the prompt.cash team we get the average time required: **amount ≤ 1 bch , in 3 minutes** **1 bch< amount ≤ 50，after 1 confirmation of BCH blockchain** **special:** *1 if the system has detected there is some risk , then a transaction (≤ 1 bch) must wait for 1 confirmation* *2 if the BCH is from multiple signature wallet, then a transaction (≤ 1 bch) must wait for 1 confirmation* *3 if amount > 50BCH , the order will be handled manually ,it will be slow.* Source: telegram https://t.me/wagoncash/232 I have often used prompt.cash and found it to be instant and reliable service. The 1 confirmation requirement means it may take some minutes before the funds are transfered. Link: prompt.cash/ bridge https://prompt.cash/bridge/ This bridge is a service that has just been released and currently has just 1BCH in liquidity.
In Conclusion
Bitcoin Cash is about the convenience of transactions. Developers are listening to the user's demands and taking action to facilitate the ease of transactions. This user-oriented behavior is a feature most other blockchain networks are missing. Bitcoin Cash is about speed, security, and low fees and SmartBCH was also created to enhance this robust network with smart contract capability, running on a sidechain. We have already plenty of developments inside SmartBCH and the future looks bright for the network and for Bitcoin Cash, which is the native coin used by SmartBCH in a tokenized form. These two options will help us to instantly swap BCH into SmartBCH token form and enjoy DeFi, NFTs, and Dapps created within this network.
**Images:** *Lead Image from:* ***Unsplash*** https://unsplash.com/photos/ZjmKvH9pBrM **Related Material (previously published on read.cash):** *MuesliSwap SmartBCH DeFi: 100% PROFIT In 5-Days!* https://read.cash/@Pantera/muesliswap-smartbch-defi-100-profit-in-5-days-cf09919c ***Yield Farming with SmartBCH DeFi*** https://read.cash/@Pantera/yield-farming-with-smartbch-defi-2a58beda ***SmartBCH Metamask Tutorial - Connect to Network, Transfer BCH, Add Tokens and Trade on DEXs*** https://read.cash/@Pantera/smartbch-metamask-tutorial-connect-to-network-transfer-bch-add-tokens-and-trade-on-dexs-601f4b17 ***How to Set Up Metamask and Add Networks: Binance (BSC), Polygon (Matic), OKEx, SmartBCH - Tutorial*** https://read.cash/@Pantera/how-to-set-up-metamask-and-add-networks-binance-bsc-polygon-matic-okex-smartbch-tutorial-7265e1c4 ***The Genesis of the SmartBCH NFT Universe*** https://read.cash/@Pantera/the-genesis-of-the-smartbch-nft-universe-7cef1a9c ***SmartBCH: What is this about and why we should care?*** https://read.cash/@Pantera/smartbch-what-is-this-about-and-why-we-should-care-5688867f ***Follow me on:*** *●* ***ReadCash*** *●* ***NoiseCash*** *●* ***Medium*** *●* ***Hive*** *●* ***Steemit*** *●****Vocal*** *●* ***Minds*** *●* ***Twitter*** *●* ***LinkedIn*** *●* ***email*** https://read.cash/@Pantera https://noise.cash/u/Pantera99 https://medium.com/@panterabch https://hive.blog/@pantera1 https://steemit.com/@pantera1 https://vocal.media/authors/pantera https://www.minds.com/pantera99/ https://twitter.com/Panterabch https://www.linkedin.com/in/panterabch/ https://read.cash/@Pantera/localcryptos-p2p-exchange-is-now-offering-bitcoin-cash-trading-06637230#bad-link
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17 comments
I respect the way you gather your information, good work and keep it up
I no have smartbch until now ,but I'm interested for this , because still I don't know more about cryptocurrency , because I know only ear and hold , Thanks for this information very helpful
Yeah, you are right. Sending my BCH through the coinflex account to link on my Metamask is driving me nuts for buying tokems. I hope that I can utilize in the future once an opportunity opens haha
Thanks for the information.now I can transfer my BCH to the smartBCH by myself, it's really simple and easy to do..
Thank you for this. I will try to use one of them right away. Coinflex isn't allowed in Venezuela. So I can't make the bridge. And I have to do all the transactions manually using a VPN. Plus the time it takes to complete a transaction is a bit annoying. These seem to be great options.
I hope it helps. My transaction with wagon was almost instant. I have also used prompt.cash too many times previously. It should be instant too in the following days.
I fully agree that Coinflex is a bit slow and long-winded, I have seen wagon.cash but not used it yet, I will do later in today as I want to transfer some BCH.
I transfered more than 1BCH with wagon.cash. There was no problem at all.
Coinflex can be so annoying sometimes. I sent Some BCH using it the other day and it delivered hours later. By the time it did, price has risen, i couldn't get the token again. Though the transaction fee of wagon.cash is higher than coinflex, i believe it's a good price for a quick transaction. 0.1% isn't too much.
Coniflex has zero fee, but indeed sometimes I also had to wait.
The waiting period can a huge impact on the planned investment.
I used it yesterday... worked perfectly
>My transaction took a long time to finish, though. I don’t know the reason; it was just a test with 0.01BCH but after 15 minutes it is still at a pending stage, and perhaps won’t be confirmed before I finish this article. Prompt.cash bridge requires one confirmation, your transaction was not confirmed, this is the reason.
Thanks Telesfor! It took a while though, probably half an hour. But possibly it is this reason. Maybe a block wasn't mined and I kept waiting. Should have checked the blockchain.
Todo esto es practicamente nuevo para mi. Es bueno este tipo de articulos que nos van enseñando y animando a tambien ir haciendo este tipo de operaciones con las criptomonedas, sobre todo con BCH que es con la que estamos obteniendo por aqui. Los titulos de los articulos que sugieres relacionados con el tema, se ven muy buenos, para lo que quiero aprender. Quiero abrir una cuenta metamask, que he visto que es muy necesaria. Les estare echando un vistaso. Muchas gracias por compartir, los conocimientos adquiridos a lo largo de tu camino de aprendizaje. Bendiciones.
For me, it's like wagon.cash look faster in transaction.
I did enjoy this article and I join this platform to learn more, if I may, the smartBCH is a token, while I know the BCH is a coin, for what I read, swapping BCH into smartBCH has more advantage. My question is that, are the two different network and does smartBCH has more potential than BCH