Bridge to Base
How to Bridge to Base (or Swap) via Base Bridge or Squid
TL;DR
Base Bridge and Squid Router are tools that facilitate the movement of assets between the Base network and other blockchain networks.
Base Bridge supports deposits from Ethereum Mainnet only
Squid Router allows for more complex transactions, such as bridging and swapping tokens between different networks.
Enjoy special benefits for Coinbase Wallet users depositing to BSX
The ability to seamlessly move assets across different blockchains is crucial. Two tools that make this possible are the Base Bridge and Squid Router. Here's a comprehensive guide on how to use these platforms to deposit, swap, and manage your tokens effectively across the Base and deposit to BSX.
What is Base Bridge?
Base Bridge is the official bridge for moving assets between the Base network and Ethereum Mainnet. Deposit is settled in minutes however the withdrawal takes 7 days to verify.
What is Squid Router?
Squid Router is a multichain router that enables swapping and bridging of assets across multiple EVM and Cosmos chains, including Base. It provides a simple user interface to facilitate cross-chain transactions seamlessly.
Depositing Tokens to Base via Base Bridge
Base Bridge supports deposits only from Mainnet. Here's how to deposit tokens to Base:
On the Base Bridge website, click on the "Bridge" tab on the left hand side.
Connect your wallet if you haven't already.
Select the token you want to bridge from the list.
Enter the amount of tokens you want to deposit.
Review the transaction details and click on "Deposit".
Confirm the transaction in your connected wallet.
Once the transaction is confirmed, your deposit will be processed, and the tokens will arrive in your Base wallet within a few minutes. You can check the status of your transfer under the "Transactions" tabs on the Base Bridge.
Using Squid Router for Multichain Transactions
If you want to bridge or swap tokens between Base and other EVM or Cosmos chains, you can use the Squid Router. Here's how:
Visit the Squid Router app at https://app.squidrouter.com/
In the "FROM" section, select the chain and token you want to bridge/swap from.
In the "TO" section, select the Base chain and the token you want to receive (e.g., ETH).
Click on "Add address" in the "TO" section and enter your Base network address (EVM address).
Review the transaction details and initiate the transaction.
Approve the transaction in your connected wallet.
You can verify the transaction on https://axelarscan.io
Once the transaction is complete, you'll receive the assets on the Base chain.
With the assets now on the Base network, you can interact with the Base Perp DEX and trade BSX or other tokens.
Troubleshooting Common Issues
If you encounter any issues while using Base Bridge or Squid Router, here are some potential solutions:
Make sure you have enough ETH on both networks you are transacting in. Bridging ETH first then whatever token you want to bridge, is wise.
Ensure you've selected the correct networks and tokens. If you haven't already, add the Base chain RPC to your wallet by visiting https://chainlist.org/chain/8453 and clicking "Add to MetaMask" (or the equivalent for your wallet)..
Verify that you've entered the correct destination addresses(if you use you custom receiver)
Alpha Alert
Lastly, for Coinbase Wallet users who have already bridged to Base and want to deposit to BSX, take advantage of these exclusive benefits:
Free deposits above $75.
Waiver on maker fees.
30% discount on taker fees.
All in all, Base Bridge and Squid Router provide convenient ways to move assets to and from the Base network, enabling you to trade on BSX. By following the steps outlined in this tutorial, you can easily deposit, withdraw, and swap tokens across multiple chains.
Remember to prioritize security and seek assistance from the respective communities if you encounter any issues.
Don’t forget to explore the BSX on a blockchain built for billions of users. Get started with BSX on Base and take full advantage of our point program today!
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