Swapping allows you to inter-exchange one cryptocurrency for another.
However, there’s no way to directly swap Ethereum to Binance native crypto-coin through a cross-chain decentralized exchange (DEX).
The only way to swap ETH for BNB is by exchanging Ethereum to a Stablecoin, then bridge it to the BNB Chain first before the swap.
I recommend Synapse bridge, as it’s one of the best decentralized exchanges where to swap ETH for BNB easily.
How to swap ETH to BNB
The easiest way is by using a cross-chain exchange like Synapse, or Allbridge to move your tokens from Ethereum Mainnet to Binance Chain.
The reason why am using these protocols on this how to swap ETH to BNB guide is because there’s no other option.
You can follow this simple steps below to get started:
- Deposit ETH to a Metamask or any Web3 wallet
- Swap ETH for USDC on a DEX like UniSwap (V3)
- Visit Synapse Protocol and bridge your USDC to BUSD
- Visit PancakeSwap and swap your USDC for BNB
- Confirm the conversion in your wallet balance.
Once you complete the transaction, BNB will be automatically stored on your Web3 wallet on BSC (i.e. Binance Smart Chain).
What is Binance (BNB)?
Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad and BNB Chain.
The platform is one of the most popular and fastest-growing crypto exchanges in the world.
Founded in 2017, it has quickly risen to become one of the largest in terms of volume and users.
Binance Labs is the venture arm of Binance, investing in early-stage blockchain projects.
Labs provide the resources, network, and expertise that entrepreneurs need to grow their businesses.
Binance Launchpad is the exclusive token launch platform providing projects with access to fundraising, education and industry resources.
BNB Chain is a centralized fork of Ethereum that has fewer network validators, which makes it less secure, but with cheaper transaction fees.
What is Ethereum (ETH)?
Ethereum is a decentralized platform that runs smart contracts programmed to function without any third-party and fraud interference.
These apps run on a custom-built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.
This enables developers to create markets, store registries of debts, promises, and move funds in accordance with instructions given long in the past.
The project was bootstrapped via an ether presale in August 2014 by fans all around the world.
How much does swapping ETH to BNB cost?
The fees to convert ETH to BNB with the bridging method will cost up to $30 for all transactions.
If you’re looking to swap BNB to ETH (which is the other way around), it will be much cheaper and cost a maximum of $1.
The difference is because BNB chain is based on cheaper Proof-of-Stake (PoS) consensus than Ethereum Mainnet.
Can you swap ETH for BNB on Trust wallet DEx?
No its not possible, as Trust mobile wallet does not have the featured protocol that is needed for the swapping.
Over to you: Swap ETH to BNB
Investors and enthusiasts cannot directly swap Ethereum (ETH) to Binance (BNB) on the Ethereum network.
This is because BNB (which is Binance native token) does not have an Ethereum wrapped version of their token on the ETH mainnet.
This ultimately mean that users will need to bridge to BNB Chain to acquire Binance Coin (BNB) in their wallet.