Download XDEFI Wallet: the best Avalanche Bridge wallet.
XDEFI Wallet makes Web3 safe and easy: it allows you to store, send, and swap Cryptocurrencies and manage your NFTs from a single, safe wallet, which can be used as your Avalanche Bridge wallet.
What is Avalanche Bridge?
The Avalanche Bridge can be used to transfer ERC-20 tokens on the Ethereum network to Avalanche’s Ethereum compatible C-chain and vice versa back to the Ethereum network. This allows for users to transfer their assets into the previously siloed ecosystems as they see fit to swap and participate in the ecosystem. Think of each individual blockchain as an island and a bridge is needed to allow for cars to reach the other islands so they can exchange information and goods.
What is required for transactions through the Avalanche Bridge?
When bridging from Ethereum to Avalanche, the transfer can take up to 15 mins and will require the native ETH asset to pay for gas. When bridging from Avalanche to Ethereum, the transfer will take seconds and will require the native AVAX asset. Tokens that are created on Avalanche network currently can not be transferred to Ethereum through the bridge, however support for this is being worked on to be available in the future. There are also plans to support other networks in the future.
In order to assist new users bridging onto Avalanche, there is a free airdrop of AVAX if more than 75$ worth of assets from Ethereum are bridged to help pay for transactions.
How secure is the bridge?
- The bridge does not require trust in any one party to transfer assets between Ethereum and Avalanche C-Chain. No one party has access to the funds being transferred or minted through the bridge. There is a security mechanism in place where three out of four total individual parties must approve the transaction. .
Where can I get an Avalanche Bridge wallet?
XDEFI Wallet allows you to safely store, send, and swap Cryptocurrencies and manage your NFTs from a single, safe wallet, which can be used as your Avalanche Bridge wallet.
XDEFI Wallet is multichain and supports more than 1000 dApps.