What's Hot

    How to Cash Out SLP & AXS from Axie Infinity. Selling Made Easy

    March 22, 2023

    Binance Crypto Wodl Answers: March 20th Update

    March 21, 2023

    How to Sell Axies on the Axie Infinity Marketplace

    March 22, 2023
    Facebook Twitter Instagram
    • About Us
    • Contact
    Facebook Instagram
    Help With Penny
    • Start With Crypto
    • Blockchain games
    • Wallets & Exchanges
    • Other
      • Everything Crypto
      • Learn & Earn Quiz Answers
      • NFTs
      • Finance
        • Passive Income
    • Discounts
    Help With Penny
    Home » Articles » How to use MetaMask Bridge and Portfolio dApp for Token Bridging
    How to use MetaMask Bridge
    MetaMask Wallet

    How to use MetaMask Bridge and Portfolio dApp for Token Bridging

    February 16, 20235 Mins Read
    SHARE
    Facebook Twitter LinkedIn Pinterest Email

    Table of Contents

    • What is a Blockchain Bridge
    • How to use MetaMask Bridge
      • Step 1: Unlock your MetaMask Wallet
      • Step 2: Visit MetaMask Portfolio dApp
      • Step 3: Switch to Bridge
      • Step 4: Select the Network you are going From and To
      • Step 5: Select the Token you Wish to Bridge and the Amount
      • Step 6: Select a Bridge Provider
      • Step 7: Confirm the Transaction
    • Conclusion

    To properly close the year 2022, MetaMask launched its own bridge aggregator to help you find the best route to move your tokens from one chain to another.

    Bridging offers a solution to bring all your tokens together. However, not all tokens can be bridged smoothly. Sometimes you have to work your way through a number of dApps to find the one that offers the combination of networks you need.

    MetaMask solves this issue by offering this service right in your wallet.

    This article will introduce you to the MetaMask bridge and how to use it to find the cheapest bridging route. Let’s dive in!

    What is a Blockchain Bridge

    At its core, a blockchain bridge serves as a decentralized link between two or more separate blockchain systems, allowing them to communicate and exchange data with one another in a secure and transparent manner.

    The key advantage of blockchain bridges is that they enable the transfer of assets and tokens across different networks without the need for third parties that would exchange them.

    This means that you can seamlessly access and utilize the features and functionalities of multiple networks.

    This means, for instance, that you can use a token on one application using chain A, then bridge and use the same tokens on a second app that uses chain B.

    How to use MetaMask Bridge

    The bridge is accessible through MetaMask portfolio dApp.

    The portfolio app offers a simple overview of your holdings and gives you multiple options to utilize your tokens. You can buy, swap, bridge, or stake your tokens there.

    As the MetaMask Bridge is currently in beta version, it offers only four networks between which you can bridge your tokens. The available networks are:

    • Ethereum
    • Avalanche
    • Binance Smart Chain
    • Polygon

    In terms of tokens, this beta version currently supports bridging of up to $10,000 per transfer of common stablecoins and native gas tokens. Now, let’s take a look at how to use it.

    Step 1: Unlock your MetaMask Wallet

    First thing first, open your MetaMask extension from the downloaded extensions in the browser and unlock it using your password.

    In case you have forgotten your password, you can reset it as long as you know your seed recovery phrase. 

    Step 2: Visit MetaMask Portfolio dApp

    The second step is to visit the portfolio application.

    For some weird reason, there is no shortcut button located in the wallet extension. Thus you’ll have to visit the website manually by searching for MetaMask portfolio or opening this website: portfolio.metamask.io

    Your wallet should automatically connect to the dApp, and you should land on the portfolio overview page.

    What’s really good is that this portfolio app, apart from showing your holdings, also has a tab for browsing your NFTs. But that’s for another time.

    Step 3: Switch to Bridge

    You can see all the available applications in the left pull-out menu.

    select bridge in metamask

    Since you want to bridge tokens using MetaMask, select “Bridge.”

    Step 4: Select the Network you are going From and To

    Once you get to the bridge page, it will look something like this:

    select network on metamask bridge

    If we go through the screen, you can see in the top right corner there is the currently selected MetaMask account and currently selected network.

    You should change your account now to the one you want to bridge. But you can leave the network setting for now, as the app can change it automatically if it happens that you have the wrong one selected.

    MetaMask bridge wrong network

    You can tap the “Switch networks in MetaMask” button, and it will open the extension for you, asking for approval.

    If we move to the bridge tokens window, you can select the “from” network and the “to” network here.

    Here you can select one of the four currently available networks: Ethereum, Avalanche, BNB Chain, or Polygon.

    Step 5: Select the Token you Wish to Bridge and the Amount

    Now, under the network selector, select the token you want to bridge.

    For instance, you might be looking to bridge USDT from the ETH network to the Polygon network.

    Bridge usdt from eth to polygon on metamask

    Don’t forget to fill in the amount and leave a bit of room there for gas fees.

    Step 6: Select a Bridge Provider

    MetaMask is directly integrated with multiple bridge aggregators to offer you the best bridge routes. That’s a great way to save some money.

    By clicking continue, MetaMask will show you the cheapest aggregator first.

    choose metamask bridge aggregator

    You can tap that little arrow on the right side to view the overview of the transaction. There you can read what the estimated gas fee is and what is the total amount you have to have in your wallet in order to proceed.

    If you don’t like that provider for some reason, you can tap the “Choose a different quote” in the top right to select one from the remaining options.

    select a bridge provider in metamask

    These providers vary in gas fees but also in transaction time.

    Step 7: Confirm the Transaction

    Once you set the correct tokens to bridge using MetaMask and chose the right bridge provider, you can move to confirm the transaction.

    You’ll need to sign the transaction and then carefully wait until the bridging process is finished. This will probably take around that estimated time, and rarely take longer. You can also watch the process using a block explorer.

    Don’t forget that you’ll receive your tokens on the second chain. So make sure to switch networks in MetaMask and verify that assets are present. You might possibly need to add the tokens on the second network to be able to see them.

    Conclusion

    MetaMask Bridge is a great addition to this already very powerful non-custodial wallet.

    It enables you to seamlessly move tokens from one network to another while paying the lowest fees possible.

    But unfortunately, this beta version only features four networks now. But we can indeed look forward to more being added soon!

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    How to Cash Out SLP & AXS from Axie Infinity. Selling Made Easy

    March 22, 20237 Mins Read

    Binance Crypto Wodl Answers: March 20th Update

    March 21, 20234 Mins Read

    How to Sell Axies on the Axie Infinity Marketplace

    March 22, 20236 Mins Read

    Where and How to Buy your First Axies for Axie Infinity

    March 19, 20234 Mins Read
    Top Posts

    Binance Crypto Wodl Answers: March 20th Update

    March 21, 2023

    How to Sell Axies on the Axie Infinity Marketplace

    March 22, 2023

    Where and How to Buy your First Axies for Axie Infinity

    March 19, 2023

    Subscribe to Updates

    Get the latest news from the World of Finance & Cryptocurencies hademade by Help With Penny.

    Your blog guide to the world of finance and Cryptocurrencies. Start building your wealth, educate and grow with us!

    Facebook Instagram
    Top Insights

    How to Stake Cardano (ADA) on Yoroi Wallet

    February 1, 2023

    How to Log Out of MetaMask: Extension and Mobile App Guide

    March 10, 2023

    How to Avoid Ban on Axie Infinity: Terms of Service Explained

    February 24, 2023
    Get Informed

    Subscribe to Updates

    Get the latest news from the World of Finance & Cryptocurrencies handmade by Help With Penny.

    Facebook Instagram
    • About Us
    • Contact
    • Terms of Use
    • Privacy Policy
    Copyright © 2023 Help With Penny. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.