What is a bridge?
A web3 wallet bridge enables you to access and utilize your assets and data across different platforms. It typically involves a set of protocols, APIs, and smart contracts that enable secure and transparent communication between different systems.
For users, a web3 wallet bridge provides convenience and flexibility, as you can transfer your tokens between different blockchain networks.
>>Get Started With the 1st Wallet that Can Bridge to Stellar
The Bridge feature in OwlPay Wallet Pro:
You can seamlessly bridge USDC (a popular stablecoin) from other prominent chains onto the Stellar network.
The Bridge feature in Owlpay Wallet Pro empowers you to effortlessly transfer USDC holdings from various blockchains to Stellar, all while enjoying low transaction fees(0.35%).
>>Get Started With the 1st Wallet that Can Bridge to Stellar
Before using Bridge：
Before utilizing the Bridge functionality within Owlpay Wallet Pro, users must complete the (1.) registration process and undergo (2.) KYC verification.
Registration involves creating a user account with Owlpay Wallet Pro and providing essential personal information, such as name, email address, and password. Once the account is created and gets into the dashboard, you are prompted to undergo KYC verification, which typically involves submitting official identification documents, such as a government-issued ID or passport, along with additional proof of address documentation.
【Why is KYC Important?】
The KYC process serves to verify the identity of users, mitigate the risk of fraud, and prevent illicit activities, such as money laundering or terrorist financing.
By prioritizing security and regulatory compliance through the registration and KYC verification process, Owlpay Wallet Pro ensures a safe and transparent environment for users to engage with blockchain-based financial services, including seamless asset bridging across different blockchain networks.
Now! Let’s get started with Bridge!
Here’s a step-by-step guide on how to use the Bridge functionality within OwlPay Wallet Pro:
- Login to OwlPay Wallet Pro【Dashboard】: Begin by logging into your OwlPay Wallet Pro account. Ensure that you have completed the registration process and KYC verification beforehand.
2. Navigate to the Bridge Section: Once logged in, navigate to the menu list on the left and click the section labeled “Bridge”.
3. Select the Source Blockchain and Asset: In the Bridge interface, select the blockchain from which you wish to bridge your assets. For example, if you want to bridge USDC from Ethereum to Stellar, choose Ethereum as the source network.
If you want to bridge from Asset 2, choose either Asset 2 or its corresponding address and confirm.
4. Specify the Destination Blockchain and Address: Next, specify the destination blockchain where you want to transfer your assets. In this case, select Stellar as the destination network.
Choose the Stellar wallet address to which you want the assets transferred.
5. Enter the Amount to Bridge: Input the amount of the asset you wish to bridge from the source blockchain to the destination blockchain. Ensure that you have sufficient balance in your source blockchain wallet to cover the transaction fees.
6. Review and Confirm Transaction Details: Double-check all the transaction details, including the source and destination network, asset amount, and recipient address. Verify that everything is accurate before clicking “Confirm”.
7. Initiate the Bridge Transaction: Once you’re satisfied with the transaction details, click “Confirm” to initiate the bridge transaction. Depending on the blockchain network’s congestion and transaction speed, the bridging process may take some time to complete.
8. Monitor Transaction Status: After initiating the bridge transaction, monitor its status within the Owlpay Wallet Pro interface. You may receive notifications or updates on the transaction progress, including confirmation of completion.
9. Confirmation and Asset Availability: Once the bridge transaction is successfully completed, you should receive confirmation within Owlpay Wallet Pro. The bridged assets should now be available in your designated Stellar wallet address.
By following these steps, you can seamlessly bridge your assets across different blockchain networks using the Bridge functionality provided by OwlPay Wallet Pro.
>> Try out Bridge NOW!
