What is Crypto Bridge

Blockchain bridges help you to port assets between blockchains, dealing with the lack of interoperability still present in the cryptocurrencies’ field. With a suitable cross-chain bridge at hand, you can experience the utmost freedom and get free of hassle associated with moving your cryptocurrencies to the chain you need at the moment.

At the moment, Symbiosis offers many convenient options to bridge the crypto assets of your choice, and we have several popular crypto guides on bridging into TRON, zkSync, Scroll and other popular networks. 

But let’s dive into our unabridged guide on crypto bridges to see the full list of all options available!

Types of Blockchain Bridges

Cryptocurrency bridges play a pivotal role in enabling interoperability between blockchain networks. They can be classified into unidirectional and bidirectional bridges, with the former facilitating one-way asset transfers and the latter allowing for two-way swaps. Additionally, bridges vary in terms of custody, with custodial bridges relying on intermediaries to hold assets temporarily, while noncustodial bridges offer users greater control over their assets through smart contracts. Understanding these distinctions empowers users to navigate the evolving DeFi landscape while making informed decisions about asset transfers and interoperability.

As the crypto ecosystem continues to innovate, the development of bridge solutions promises to enhance interoperability and expand the possibilities of decentralized finance. By choosing bridges that align with their preferences for security, decentralization, and usability, crypto enthusiasts can actively participate in the decentralized economy while mitigating risks associated with asset transfers and custody.

Example of a Cross-Chain Bridge

When going cross-chain at Symbiosis, you exchange one asset for another one, with each of them residing on different blockchains. 

Let's say a user wishes to swap Ethereum (ETH) tokens in exchange for Bitcoin (BTC) tokens, so it needs to be a move across chains. Using the Symbiosis's cross-chain bridge, the user initiates the transaction by depositing their ETH tokens on the Ethereum blockchain. 

Through Symbiosis's secure and trustless protocols, the ETH tokens are then locked into a smart contract. Simultaneously, an equivalent amount of BTC tokens is minted on the Bitcoin blockchain, representing the user's deposited ETH tokens. 

Once the transaction is confirmed on both blockchains, the user can seamlessly withdraw their newly minted BTC tokens, completing the cross-chain transfer.

Basically, this is how we get the bridges done between chains.

What Cryptocurrencies Work with Cross-Chain Bridges?

At Symbiosis, we ensure support for a wide range of cryptocurrencies, and each user has the freedom to bridge wherever they would like to. Whether you're transferring Bitcoin (BTC), Ethereum (ETH), or exploring any of the emerging tokens, Symbiosis offers reliable bridge solutions and listens to clients’ needs and requests. 

Whether you're a trader or DeFi enthusiast and no matter if you are experienced in the cryptocurrency field or new to it, Symbiosis has something you might like. Here’s to seamless asset transfers, accessibility and security for everyone!

Are Cross-Chain Bridges Safe?

We do our best to ensure they are.

Crypto is a high volatility field, and this is something to remember when dealing with all aspects of blockchain matters. But at Symbiosis, cross-chain bridges are designed with utmost attention to safety. 

Operating as a decentralized automated market maker with on-chain routing capabilities, Symbiosis ensures that token transfers between different blockchains are conducted in the most secure manner. By leveraging smart contracts and cryptographic protocols, Symbiosis eliminates the need for intermediaries and custodians, thereby mitigating counterparty risk and preserving the core tenets of decentralization. 

Users can confidently transact across various blockchain networks, knowing that their assets are safeguarded by tailored protocols. With Symbiosis, cross-chain interoperability is not only seamless but also synonymous with safety and reliability.

Can a Cross-Chain Bridge Work with Multiple Blockchain Networks?

Yes, and that’s the very first reason behind the massive popularity of this option. Cross-chain bridges are really versatile infrastructures. By supporting compatibility with various blockchain networks, cross-chain bridges enhance liquidity, expand market reach, and unlock new opportunities for decentralized finance (DeFi) participants. Whether assisting with moving into Ethereum, Binance Smart Chain, or other blockchain ecosystems, they are fast and truly convenient. 

Why Use a Blockchain Bridge?

Transferring assets between blockchains offers numerous benefits:

• Lower transaction fees

  
  

• Faster transaction processing times, especially when bridging on alternative L2 networks such as Arbitrum or Polygon

  
  

• Access to unique markets and protocols

  
  

• Enhanced liquidity options

  
  

• Diversification of assets across multiple blockchains

  
  

• Opportunity for arbitrage and yield farming strategies

  
  

• Exposure to innovative blockchain technologies and ecosystems

  
  

• Facilitation of cross-chain interoperability initiatives

  
  

Furthermore, the integration of bridges into many DeFi protocols, including those supported by Symbiosis, simplifies token swapping processes. Users can seamlessly convert tokens from various protocols within Symbiosis's platform — pick the one you’d like to check right away!.

Best Cross-Chain Bridges

When it comes to cross-chain bridges, the best bridge is the one that aligns with your specific needs and preferences. At Symbiosis, we understand the importance of choice and accessibility in the decentralized ecosystem. That's why we meticulously maintain all available bridge options, ensuring that users have the flexibility to  transact seamlessly across various blockchain networks. Whether you're looking to bridge assets from Ethereum to Binance Smart Chain, or between any other blockchains, we’ve got you covered!

Let’s bridge?

How to Bridge Crypto?

We aim to make the exchange interface user-friendly and intuitive, so all the buttons you need for each step are on one page. Besides, there are not so many steps!

Let's follow together how to bridge cryptocurrencies via Symbiosis bridges:

1. Go to the Swap page at symbiosis.finance

   
   

2. Connect any wallet of your choice by pressing the “Connect Wallet” button at the top right corner of the page. We have one optional recommendation though: it is much safer to stick to a self-custodial one, if you are okay with that.

   
   

3. Go on and select the network where your desired token is currently located. After that, choose the specific token within that network. Make the same for the destination asset details.

   
   

4. Once you have decided about the token and the chain, choose the amount you intend to transfer. Indicate the amount of the currency you'd like to swap, and the system will automatically calculate everything based on the best current exchange rates.

   
   

5. Switch networks if necessary! If a different network is currently selected in your wallet (other than the destination one), choose "Switch network" and confirm the update within your wallet. Don’t worry; it takes just a few seconds.

   
   

6. Check everything once again. Remember, it is essential to check if the tokens are present in your wallet. To do this, click on the "Approve token" button. Once you have confirmed the details, click the green "Swap" button on the Symbiosis website to launch the process.

   
   

7. Confirm the transaction within your wallet to get the swap done if necessary.

   
   

8. Once the transaction is confirmed and the tokens have been successfully swapped, you can check the updated balance in your wallet. Congratulations! You did it!

   
   

Also, Symbiosis has several particular bridging how-to’s devoted to the most popular networks. Take a look if you would like a deeper understanding about:

• BTC bridges at Symbiosis

• Scroll bridges at Symbiosis

• Mantle bridges at Symbiosis

• zkSync Era bridges at Symbiosis

• Arbitrum Nova bridges at Symbiosis

• Linea bridges at Symbiosis

• Blast bridges at Symbiosis

• TRON bridges at Symbiosis

• sUSDC, sBUSD, and sWETH bridges at Symbiosis

Summary

Bridges are on the striking rise in popularity, and the Symbiosis team is making sure you have all the high-tech solutions and quick ways to solve any question you might be thinking of. With us, you have the most streamlined, comfortable and beneficial options, and we work on expanding our network list daily. 

Let us Ethereum, zkSync, zkLink, Blast, TRON, Rootstock, Arbitrum, Scroll and other networks’ fans unite at Symbiosis! Always happy to welcome you on our bridging page 🐙