Question 1

What is OKX DEX Bridge?

Accepted Answer

OKX DEX Bridge is a cross-chain solution that allows you to transfer assets between different blockchains, such as Ethereum, Binance Smart Chain, and Solana, with low fees and high security.

Question 2

What is the difference between swap and bridge (i.e. cross-chain swap)?

Accepted Answer

Swap refers to the conversion of crypto within the same network, where the payment and receipt of tokens occur on a single network. Bridge (i.e. cross-chain swap) refers to the conversion of assets across different networks, where the tokens you pay and tokens you receive are on separate networks.

Question 3

How does the Bridge feature work?

Accepted Answer

The Bridge feature enables users to transfer crypto assets across multiple blockchains. When you initiate a cross-chain transfer, OKX DEX aggregates the best routes and liquidity pools to ensure fast, secure, and cost-effective transactions. The process involves locking the original asset on the source chain and minting a corresponding asset on the destination chain.

Question 4

What are the benefits of using OKX DEX Bridge?

Accepted Answer

OKX DEX Bridge has the following advantages:
1. Cross-chain compatibility: Transfer assets between major blockchains like Ethereum, Binance Smart Chain, and Polygon.
2. Low fees: Offer competitive network fees for cross-chain transfers.
3. Security: Ensure decentralized and secure transactions with no intermediaries.
4. Speed: Provide fast processing times thanks to optimized routing algorithms.

Question 5

Do I still need to pay network fees after a transaction has failed?

Accepted Answer

Yes, you need to pay network fees. When you send/transfer tokens, do contract interaction or engage in any activities that occur on a network, you must pay network fees to miners or validators for processing the transaction. Since miners or validators consume network resources in processing the transaction, the network fee is required whether the transaction is successful or not.

Bro

Vanliga frågor

OKX DEX Bridge is a cross-chain solution that allows you to transfer assets between different blockchains, such as Ethereum, Binance Smart Chain, and Solana, with low fees and high security.

Swap refers to the conversion of crypto within the same network, where the payment and receipt of tokens occur on a single network. Bridge (i.e. cross-chain swap) refers to the conversion of assets across different networks, where the tokens you pay and tokens you receive are on separate networks.

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