How to Move Cryptocurrency From The Fantom Network To The KuCoin Community Chain (KCC) Using The KCC Bridge.
A crypto bridge, like a real bridge, allows users to cross from one area to another. Of course, we’re discussing the transfer of crypto assets between blockchains in this case.
The KCC Bridge Project is a cross-chain bridging service with the goal of enhancing blockchain interoperability. It allows anybody to convert certain cryptocurrencies into wrapped tokens (sometimes referred to as “pegged tokens”) that may be used on the KuCoin Community Chain (KCC).
There is an issue in the crypto world right now. Different blockchains can’t communicate with each other. When you make crypto, the Ethereum blockchain is completely unaware of it. We can see that this problem will almost surely be solved with new technology if we take a step back and look into the future. Wrapped coins and tokens, on the other hand, are already accessible as a far faster alternative.
The KCC Bridge was created to help customers assure the safe and secure transfer of their crypto assets, and after you’ve covered all of the essentials, the method is rather straightforward.
Step 1: You’ll need your own decentralized wallet to begin with, such as MetaMask or Coin98 Wallet. Assume you want to transfer Tether (USDT) from Fantom Network to KuCoin Community Chain using the KCC Bridge.
Step 2: First, you must select your desired asset (USDT). Then choose the network from which you’ll be transferring your assets from Fantom Network, as well as the KCC destination. Type in the amount you want to send and make sure it’s greater than the minimum, which is a negligible amount.
Step 3: After clicking “Next,” you will be directed to KCC Bridge’s deposit address. The network fee, which is mentioned here, will also be visible. After that, you must deposit the agreed-upon asset amount at the specified address. You’ll finish it in a certain amount of time. If you do not reach the time, the tokens will be returned to the originating address.
Step 4: The duration of the transfer will be determined by the confirmation of the block network method, which will take some time to complete and will need your patience.
Step 5: If you are transferring a large sum of money, it is recommended that you start with a small percentage to ensure that you understand the process and have entered the proper address. After that, you can proceed to finish the total amount.
We’ve covered all you need to know about moving crypto from the Fantom Network to the KuCoin Community Chain (KCC) using the KCC Bridge in this basic tutorial.
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