Using Sphynx Labs Without Centralized Exchanges
You don't need an account with Binance, Coinbase, Kraken, Huobi, OKEx or any other centralized exchange to start using Sphynx Labs!
Sphynx Labs is a decentralized application. Unlike Binance or other centralized platforms, you don't need to register an account to use it; you need a crypto wallet. So how can you get crypto onto Sphynx Swap without a centralized exchange?
In this tutorial, we will guide you through the process of using "cross-chain bridges" to transfer your assets into your Binance Smart Chain wallet and start using Sphynx Swap.
Move your assets from other blockchains to Binance Smart Chain
You can use various cross-chain bridges to transfer tokens from Ethereum or other networks onto Binance Smart Chain.
In the following tutorials, we are going to demonstrate moving USDC from a variety of different blockchains to Binance Smart Chain, using three different cross-chain bridges.
For newcomers to DeFi and veterans alike, one of the most frustrating processes in crypto is moving assets from one chain to the other. Often, moving assets cross-chain requires frustrating workarounds with many extra steps. Many bridges that exist to solve this problem are usually quite complicated, slow, and sometimes flat out don’t work. Sphynx set out to release a bridge that streamlines the process of moving stables across different networks that users tend to have the most issues with
Navigate to the Bridge page to watch a step by step guide!
Last updated