This is a final call. The Binance Bridge to Swap ERC20 tokens is closing!
This guide will help you swap your $CAN tokens from legacy Ethereum-based (ERC-20) tokens to the new Binance Chain (BEP2) tokens.
The CanYaCoin conversion from legacy Ethereum-based (ERC-20) tokens to Binance Chain (BEP2) tokens takes place on Binance.com
The procedure is simple:
This guide takes you through this process in 5 steps.
You will need a Binance Chain Wallet
If you haven’t already set up a Binance Chain wallet and explored the Binance DEX (Binance.org),then check out the ‘Setting up a Binance Chain wallet’ guide before you proceed.
You will also need an account on Binance.com
The conversion from ERC-20 to BEP2 happens on Binance.com — the original Binance centralised exchange. This is distinct from, and not to be confused with, the Binance DEX (Binance.org). If you don’t have a Binance.com account, create one before you proceed.
*** You will NOT be able to withdraw $CAN using the Binance MOBILE APP. You will need a desktop connection***
At this step, you will get the ETH address to deposit your $CAN tokens on Binance.com.
At this step, you will send your $CAN tokens to the address gained in the previous step.
Yes, you are sending ERC-20 $CAN tokens to an Ethereum address at Binance.com!
At this step, you will get your Binance Chain wallet address — which is the new home of your $CAN tokens.
At this step you will withdraw $CAN tokens from Binance.com to the wallet gained in the previous step.
(You will not see CAN withdrawals until after you’ve made a CAN deposit)
Yes, you are withdrawing BEP2 $CAN tokens to a Binance Chain address!
Note: There will be a withdrawal fee so your token conversion will not strictly be a 1:1 ratio.
At this step, you will confirm the withdrawal of your new BEP2 $CAN tokens on the Binance Chain.
Note: This initial withdrawal can take more than several minutes. Please be patient.
Confirm your withdrawal on Binance Chain
That’s it!If you need help, come visit us in the community Telegram channel.
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