With the increasing development of blockchain technology, many users enter this field daily. Different projects on the blockchain platform offer services to users with their unique features. Transaction and exchange of cryptocurrencies are very busy among the activities related to this field, and many people buy and sell or exchange cryptocurrencies daily.
For this, users use many centralized and decentralized exchanges for their transactions. We can mention Binance, Coinbase and Kraken among the most famous centralized exchanges These exchanges are the largest centralized cryptocurrency exchanges and account for the most significant volume of daily transactions.
On the other hand, nowadays, decentralized exchanges (DEXs) have also gained high popularity among users. Among these exchanges, we can mention Uniswap and Pancakeswap, which are based on Ethereum and Binance, respectively. In these exchanges, you can swap cryptocurrencies by connecting your wallet.
The concept of “Bridge.”
A “Bridge” in digital currencies means creating a connection across two different blockchains. One of the issues that should be noted is that in decentralized exchanges, you can only swap tokens related to the network of that exchange. For example, in the Uniswap exchange, which is based on Ethereum, you can only swap ERC-20 tokens. How can you swap tokens of different blockchains? The solution is to use the Flashift.app. The Flashfit website provides you with the possibility of exchanging and swapping currencies and tokens between different blockchains in cooperation with world-renowned exchanges.
What is Flashift, and how does it work?
Flashift is a platform that enables the swap of tokens between different blockchains in cooperation with the world’s most reputable exchanges. Using Flashift is very simple; you can swap the tokens you want without signing up, authenticating, or even connecting a wallet. Swapping tokens on Flashift is done in just a few simple clicks, and 4 steps, and the whole process only takes a few minutes. In the following, how to swap in Flashift is taught in the form of a video.
How to swap tokens in Flashift
First, enter the flashift.app website and click on “View All Offers” to see the site’s full features. Here, you can see the swap and the exchanges section. Select the source and destination tokens and enter your desired amount.
Then, you can just select the exchange you want from the exchange section. Here, you can see two options, Fixed Rate and Floating Rate, which show you whether the exchange rate is fixed or floating.
In the second step, you need to enter the address of your destination wallet so that the desired token will be transferred to your wallet after the transaction is completed. If the wallet address also has a Memo, enter that in the second field.
Here, we have given an example of swapping BEP-20 USDT to BNB on the BSC platform. You can even import USDT with TRC-20 standard and easily convert it to any token you want on any network.
In the third step, the information and details of the transaction will be shown to you for final confirmation. If the entered data is correct, click “Next”.
In the last step, you must deposit the specified currency amount to the displayed wallet address. After depositing, wait for your transaction to be processed. This is done automatically by Flashshift.
Finally, your transaction has been processed, and you can see its status from the “Status” section above the box. Transaction processing steps are Awaiting Deposit, Confirming Deposit, Sending, and Complete respectively. After changing the status to “Complete,” your transaction has been done, and the desired token will be transferred to your wallet.
You can also see your transactions in the “History” section.
The bottom line
Using Flashift to swap tokens is very simple and can be done with just a few clicks. You don’t need to connect a wallet or authenticate and register to swap in the flashift.app, and all the steps are done simply and entirely anonymously. The most significant advantage of Flashift, compared to decentralized exchanges, is the possibility of swapping tokens between different blockchains.