Bitcoin Forum

Hi

I have multicoin - multichain.xyz how do I convert it to a ERC20 coin?

Thank you
 
AT

Which multi coin are we talking about, if it's not a secret? You can use bridges or exchanges to convert.

Not sure why anyone would want to use any coin on ERC20 chain. It has BY FAR the highest fees and is so inconvenient.
At BEP-20 or TRC-20 you pay much less for basically the same service.

Exchanges are what I used in the past but I have read about the bridges possibility.
But I didn't really understand it so I kept using an exchange for any conversion.

You simply either:

• deposit it to a CEX then withdraw the tokens on your Ethereum wallet
• Use a bridge platform(Hop Protocol, Stargate, etc)

It'll depend on the token though. Sometimes certain tokens only have liquidity on specific chains.


Most tokens still have the most liquidy on Ethereum by a mile, unless if the token is natively created on the BNB chain.

Its an expensive network and kinda hard to do a lot of transaction the point is some dapps that are quite interesting are always on eth network. Yes there are other options but if you are a new token or project hunter to get engagement or be part of it, even though its ethereum network. Depends on the purpose I guess but I also uses what you mentioned network tokens the same way I used eth.

ETH is going up in price and so as the fees, if you're not comfortable with bep20, you want to spend a lot in fees with erc20. But it's said on how you convert it easily and just transfer them to any exchange and then withdraw it on the other chain that they support which either of the two.
There are also other chains that are being supported by most exchanges nowadays and they're even cheaper than bep20 so, you have to consider these things if that's what you like but I guess that you have a reasonable reason why you want to do this.

Well you can use bridges which are basically extensions. There are lots of different kinds of bridges but the most popular one would be the binance one, I guess.

Synapse protocol is also a popular one and I think is most recommended by everyone. You can use this to send not only tokens but other data as well like NFTs.

It really depends on the bridge service you want to use as it is all different in their interface. I suggest searching the best possible bridge to convert BEP20 to ERC20 and see how to do it in their own website or app.

There are wallets have in built exchanges e.g. Safepal, Atomic, Trust Wallet, etc which you can use to convert your tokens.

For the alternative you can use bestchange to find the best rate to swaps.

TRC20 is no longer cheap anymore, you need to spend $2 per transaction, it's cheap or even free if you send the native token (Tron).

Just like every swap deposit the xyz token on Bep20 to an exchange and convert them into any erc20 as you wish, or you can use the swap options available on the wallets which I don't recommend because it's not the best price compared to traditional centralized exchanges but it's your priority whether you want to skip the deposit trade and withdraw then swapping via wallet instant exchange is the good choice.

well, I rarely convert BEP20 to ERC20 via bridge. I sometimes use exchange intermediaries for that. I feel that it is easier and more practical. Even for other chains, I also use the available exchange more often than the conversion site. Just send it to the specified address, then you're done.

Lots of pump and dump coin in ERC20 which most of the traders really like. The amount of price jump of new token in ERC20 is insane because of abundant liquidity available on that blockchain plus those moonbois that keeps aping on new tokens hoping for pump and dump.

You have a high chance to experience a x100 or more profit on Ethereum by investing on new tokens in there compared to other blockchain available. This is the reason why ETH is still the most popular despite high transaction fees and DEX fees just to buy shitcoins.

Exactly the easy way to do the conversion is exchange and it is good to use BEP-20 or TRC-20 and instead of ERC20 chain. The first time when I wanted to ERC20 the fee was high so left and use BEP-20. I don't why op want to even use ERC20 because the best which everyone use is BEP-20 because the transaction has less fee compare to others. Well we don't know pressing need at hand of the op therefore he might use exchange to do is conversion.

I think you can try to find a market that is relevant to your coin. You can find it  here  (https://coinmarketcap.com/currencies/multichain/#Markets).

I think HTX is the best choice. Try registering yourself there and start selling. You can sell it for USDT and then convert it to ETH or any other Altcoin you want.

As a reminder, I discovered this coin was having service issues. You can check  here  (https://twitter.com/MultichainOrg/status/1677180114227056641?t=rEZPf84Kem6tpv4-ArIoNw&s=35).

Their chain explorer page also displays a network error message and there is no transaction history at all there. This is their  chain explorer (https://scan.multichain.org/#/).

I hope you not get other stuck when you sell it. Just try for small nominal first to prove that coin still work. CMIIW.

The easiest way to convert Bep-20 to ERC-20 token is to use exchange trading platform, because it charges less than using bridge and cost more.

The only way you are allowed to convert this token from BEP-20 to the ERC-20 chain is if the project has intergraded support for bridging. The process of converting it is called chain bridging, and if these coins are not supported for bridging, when you try converting them, you will lose everything in the process. Do your research before you do anything stupid.

You have two options 1 is to deposit your tokens on a centralized exchange and withdraw them to another chain.  Another option is to bridge your ERC-20 token to BEP20.  But of course keep in mind that the chain where your tokens first reside will incur a fee when bridging or sending them to a centralized exchange.  For example, ERC20 is ETH and BEP20 is BNB

Are you referring to this coin https://coinmarketcap.com/currencies/multichain/

If yes, then you can use CEX like MEXC global where it is listed and paired with USDT to sell it and then you can buy an ERC20 coin. If not then do give us more information about the coin that you are looking to swap. I am aware of two trusted and reputable cross chain bridges which are Binance Bridge and Multichain. Binance does not have the option to swap BRC20 and ERC20 at the moment. Multichain bridging service is currently unavailable therefore you would have to use a CEX like MEXC to do the conversion. I understand that there will be trading fees involved but MEXC being a CEX has one of the lowest trading fees for now. 

It is not a very wise idea to convert a token from a BEP20 to an ERC20 chain if you are not looking for liquidity because the ERC20 has a high transaction fee. There are certain coins which provide liquidity on the Ethereum chain, so if this is the case, you go ahead.
You can convert your coins through an Exchange or a Bridge for this purpose. I mostly use Exchange for this purpose.