DeFi

Bridging Crypto from Polygon to BSC (Binance Smart Chain)

Summary: We show Australian investors the safest and most affordable way to bridge cryptocurrencies from the Polygon Mainnet to Binance Smart Chain.

By 
James O'Connell
 on  
June 7, 2022
Verified Author

If you want to bridge tokens between the BNB Chain and the Polygon Mainnet you will need to use a secure and trusted bridging protocol like Synapse protocol. 

Synapse Protocol was established in August 2021 and has already had an impressive 10.5B in bridging volume. It is a universal cross-chain liquidity network that is available to use in every country. The platform has the largest bridging volume out of any Dapp (decentralised app) in DeFi.

Polygon to Binance Smart Chain Bridge

Table of Contents

Can I Bridge Crypto from Polygon to BNB Chain?

Yes, there are two options you can choose from to bridge between these two networks. The two bridging protocols you can use are Synapse Protocol and Allbridge. Allbridge charges pretty significant fees (around $40 - $50 AUD) and takes around 30 minutes to bridge funds. Synapse on the other hand only costs $10 AUD and takes under a minute to complete bridging. 

In addition to the speed and costs of bridging, Allbridge only allows you to bridge the following tokens - ABR, APYS, ARDN & HAPI. Synapse allows users to bridge the following tokens - USDC, USDT, DAI, gOHM, SYN, nUSD, BUSD, DOG, USDB & NFD. 

Synapse Protocol Home Page
Synapse Protocol

How and Where to Bridge from Polygon to Binance Smart Chain 

The best way to bridge cryptocurrencies from Polygon (MATIC) to BNB Chain (BSC) is via Synapse. In the below example we use USDC as the bridging token but you can also send 10 other cryptocurrencies. Follow the below guide to get started. 

Step One: Visit Synapse and connect your Metamask wallet

Step Two: Select Polygon and BNB Chain as your two networks

Step Three: Input the amount of USDC you want to bridge

Polygon to BNB Chain Bridge - Synapse

Step Four: Confirm the transactions on Metamask and your funds will arrive in your wallet within minutes

Bridge USDC from Polygon to BNB Chain
Bridge USDC from Polygon to BNB Chain

Polygon & BNB Chain RPC Details

When bridging your funds between any two networks, you will first need to add the respective chains RPC details into your Metamask extension. To add networks simply click ‘Networks’ on Metamask and select ‘Add Networks’ then fill in the following details. 

  • Network Name: Polygon
  • RPC URL: https://polygon-rpc.com
  • Chain ID: 137
  • Symbol: MATIC
  • Block Explorer URL: https://polygonscan.com/
  • Network Name: Smart Chain
  • RPC URL: https://bsc-dataseed.binance.org/
  • Chain ID: 56
  • Symbol: BNB
  • Block Explorer URL: https://bscscan.com

Bridging Crypto Fees: Polygon (MATIC) to Binance Smart Chain (BSC)

Bridging between the Binance Smart Chain and Polygon Mainnet will cost around $10 AUD on Synapse Protocol. There are two fees that users incur, a bridging fee and a network transaction fee. The network transaction fee is located in the bridging information under ‘Approve USDC’ before you bridge your funds. The bridging fee can be found when you approve the funds on Metamask.

Polygon to Binance Smart Chain Bridge

Author Bio

James O'Connell has been writing about traditional markets for over 5 years. He pivoted to writing about digital assets after learning about lending protocols like AAVE and Compound.

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