token-swap

Swap ERC20 CanYaCoin (CAN) Tokens

Final call before the swap bridge closes.

IMPORTANT: Please Swap Immediately

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.

Overview

The CanYaCoin conversion from legacy Ethereum-based (ERC-20) tokens to Binance Chain (BEP2) tokens takes place on Binance.com

NOTE: Token holders who can only access Binance.us should send email to support@canya.com

The procedure is simple:

  • Deposit ERC-20 tokens to an ETH address on Binance.com
  • Withdraw BEP2 tokens to a Binance Chain address
  • This guide takes you through this process in 5 steps.

    Before you begin

  • Please familiarise yourself with the instructions before attempting to swap tokens
  • If in doubt, perform a successful test with small amounts before swapping a large number of tokens
  • You cannot convert back to ERC20.
  • Secure and backup your new Binance Chain wallet. Neither Binance or CanYa can recover lost wallets



  • 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***

    Step 1 — Get ETH Deposit Address from Binance.com

    At this step, you will get the ETH address to deposit your $CAN tokens on Binance.com.

  • Login to your Binance.com account
  • Select “Wallet”, then “Fiat/Spot Wallet”

  • Click “Deposit”
  • Select Ethereum
  • Select ERC20 Network
  • Copy ETH Deposit Address (starts with 0x)

  • Step 2 — Send $CAN tokens to ETH Deposit Address

    At this step, you will send your $CAN tokens to the address gained in the previous step.

  • Go to your Ethereum wallet and send your ERC-20 $CAN tokens to the copied ETH Deposit Address

  • Yes, you are sending ERC-20 $CAN tokens to an Ethereum address at Binance.com!

  • Confirm the Deposit back on Binance.com deposit screen
  • Confirm Deposit

    Step 3 — Get your Binance Chain Wallet Address

    At this step, you will get your Binance Chain wallet address — which is the new home of your $CAN tokens.

    If you haven’t already created a Binance Chain wallet, you can create an account on Binance DEX or Trust Wallet — it will give you a BNB wallet address.

  • Connect to your Binance Chain wallet
  • Copy Binance Chain wallet address(starts with ‘bnb’)

  • Step 4 — Withdraw from Binance.com

    At this step you will withdraw $CAN tokens from Binance.com to the wallet gained in the previous step.

  • Go back to Binance.com
  • Click “Wallet”, then “Withdraw”
  • Select CAN — CanYaCoin
  • (You will not see CAN withdrawals until after you’ve made a CAN deposit)

  • Select BEP2 Network
  • Paste your Binance Chain wallet address (starts with bnb)
  • The MEMO field is not required
  • Submit your Transaction
  • 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.

    Step 5 — Confirm withdrawal

    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.

  • Go to the Binance DEX or your Trust Wallet and view your balance
  • Confirm your withdrawal on Binance Chain

    That’s it!

    If you need help, come visit us in the community Telegram channel.



    CanWork: https://www.canwork.io/
    Twitter: https://twitter.com/CanWork_
    Facebook: https://www.facebook.com/CanWorkPlatform

    Johan Lives

    Author

    2021-04-20

    Date posted

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