How to Bridge ETH to Avalanche (AVAX)
DeFi
Quick-Take: In this guide, we will show you the best way to bridge Ethereum (ETH) to Avalanche (AVAX) using your Metamask wallet with Synapse Protocol.
Quick-Take: In this guide, we will show you the best way to bridge Ethereum (ETH) to Avalanche (AVAX) using your Metamask wallet with Synapse Protocol.
The best way to bridge ETH to AVAX on your Metamask account is by going through Synapse, a multi chain bridging protocol. It allows users on any chain to quickly and easily swap tokens between networks.
Follow the below steps to get started:
After around 2 minutes, your ETH should arrive in your Metamask wallet on the Avalanche Network. To check, simply click the fox button on your Chrome browser and select the Avalanche network and you will see your funds under WETH.e (this is ETH but on the Avalanche network it is referred to as WETH.e).
When bridging your ETH to AVAX from the Ethereum Chain to the Avalanche C-Chain, you will need to consider the following fees that are involved.
Both transactions will cost you up to $50 USD to move your funds over to the AVAX network. However, once your funds have arrived to the Avalanche network, the costs to move funds around comes to about 1 cent per transaction. The gas fees on the Avalanche network are significantly lower than the fees on the Ethereum network.
WETH.e is wrapped Ethereum (WETH) on the Avalanche C Chain network. When you bridge your ETH to AVAX, it stores it in a wallet and provides Avalanche users with a wrapped token that is transferrable on the Ethereum blockchain.
1 WETH.e represents a share in 1 Ethereum token, so the price is exactly the same and you dont lose any money.
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