How to swap assets between blockchains fast and safely?
No matter your experience level in Crypto, you have most likely faced problems when transferring your assets across different blockchain networks. Traders often resort to using bridges for implementing Cross-Chain Swaps, nonetheless, there are still issues while transferring assets to another network. Even the biggest bridges have numerous restrictions that make the process difficult. Every bridge has a list of specific assets available for swapping across networks and some of them have swap limits and time restrictions.
Fortunately, Rubic has come up with a solution that is aimed at simplifying your trading experience. A Multi-Chain Swap is an exchange of upwards of 10,000 assets between 6 blockchain networks:
- Ethereum
- Polygon
- Binance Smart Chain
- Moonriver
- Avalanche
- Fantom
With the growing number of different blockchains and the number of different projects and assets on them, the problem arises of needing to transfer assets from one blockchain to another, and currently, it is not an easy thing to do. For example, if you want to transfer ETH (Ethereum blockchain) to MATIC (Polygon blockchain) in order to start trading on Quickswap with lower commissions than on the Ethereum network, you would need to complete 2 independent steps. First, you would need to transfer ETH to the Polygon blockchain version of ETH, which is wETH, and you would do so using a bridge. Then you would need to exchange that wETH for MATIC via a DEX like Quickswap. However, without MATIC in your wallet, you would be unable to execute the swap from wETH to MATIC on their network.
Rubic Multi-chain routing solution would handle this dilemma without the customer even knowing it was an issue. With Rubic’s Multi-Chain Routing, having the target blockchain’s native asset is not required, as the transaction is processed in one click. The Rubic team strives to offer the best solutions for our users and the development team is constantly working on improvements to the platform; they have recently increased the trading limit for Multi-Chain Swaps up to $20,000. Now is the time to use Rubic.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
Read more: https://coinquora.com/how-to-swap-assets-between-blockchains-fast-and-safely/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
