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Bridging tokens between different networks can be a complex task, especially if you want to avoid the hassle of KYC on centralized exchanges. The SUI Bridge has recently launched, but it's important to note that it requires Ethereum tokens for native functionality. For those looking to bridge any crypto token to the SUI Network, there are effective solutions available.
Two of the most popular options for bridging crypto assets or performing cross-chain swaps are RocketX and Portal. The Portal Bridge supports 16 different network tokens, while RocketX boasts compatibility with over 150 tokens. However, it's essential to understand that the tokens used for bridging must be native gas tokens. In this guide, RocketX will be utilized due to its broader support for native tokens.
To begin the bridging process, ensure you are using a browser that has your wallet extension installed. For this tutorial, Google Chrome is used, and the tokens intended for bridging are stored in a Phantom wallet. For example, if you have 4,000 Costco hot dog tokens, you will need to bridge these to the SUI Network. It's important to note that Costco tokens are not native; they exist on the Solana blockchain, which is the native token used for transaction gas fees.
Once your wallet is set up, navigate to the RocketX Bridge. On the platform, select the 'swap' option from the menu. Connect your wallet by selecting the appropriate network, which in this case is Solana. After connecting, you will see your wallet status updated. Next, you can search for the tokens you wish to bridge, such as Costco hot dog tokens, and select SUI as the destination token.
If the RocketX platform indicates that the swap is not possible, it may suggest converting your Costco tokens to Solana first. In this case, using a decentralized exchange like Jupiter can facilitate this conversion. After connecting your wallet to Jupiter, select Costco tokens for sale and convert them to Solana. Once the transaction is confirmed, you can return to RocketX to proceed with the bridging process.
After successfully converting your tokens to Solana, go back to the RocketX Bridge. Remove the Costco token from the swap box and select Solana as the source token. Then, find SUI in the destination token list. You will need to input your SUI wallet address to receive the bridged assets. Copy the address from your SUI wallet and paste it into the appropriate field on RocketX.
To finalize the bridging process, you will need to send Solana to the specified address. Enter the amount of Solana you wish to bridge over to the SUI Network. After confirming the transaction, the tokens will be sent. It may take a few minutes for the process to complete, during which you can monitor the status of your transaction.
Once the bridging process is complete, check your SUI wallet to confirm that the tokens have been received. You should see the equivalent amount of SUI tokens reflecting the value of the Solana you bridged. This method provides a seamless way to transfer assets across networks without the need for centralized exchanges.
Q: What is the SUI Bridge?
A: The SUI Bridge is a platform that allows users to bridge tokens between different networks, specifically requiring Ethereum tokens for native functionality.
Q: What are some popular options for bridging crypto assets?
A: Two popular options for bridging crypto assets are RocketX and Portal. RocketX supports over 150 tokens, while Portal supports 16 different network tokens.
Q: What wallet is recommended for bridging tokens?
A: For this tutorial, a Phantom wallet is used, and it is recommended to use a browser like Google Chrome with the wallet extension installed.
Q: How do I access the RocketX Bridge?
A: To access the RocketX Bridge, navigate to the platform, select the 'swap' option, and connect your wallet by selecting the appropriate network, such as Solana.
Q: What should I do if my swap fails on RocketX?
A: If the swap is not possible, you may need to convert your tokens to Solana first using a decentralized exchange like Jupiter before returning to RocketX.
Q: How do I bridge from Solana to SUI?
A: After converting your tokens to Solana, go back to the RocketX Bridge, select Solana as the source token, find SUI in the destination token list, and input your SUI wallet address.
Q: What steps are involved in completing the transfer?
A: To complete the transfer, send Solana to the specified address, enter the amount you wish to bridge, and confirm the transaction.
Q: How can I verify that my transfer was successful?
A: Once the bridging process is complete, check your SUI wallet to confirm that the tokens have been received, reflecting the value of the Solana you bridged.