Sharad Jaiswal
Product
3
min read
Mar 14, 2024
The world of DeFi (Decentralised Finance) is brimming with innovation, but high gas fees and slow transactions can often dampen the excitement. Enter Arbitrum - a Layer-2 scaling solution for Ethereum that promises faster speeds and lower costs.
But how do you get your assets onto Arbitrum to experience these benefits? Just follow the simple step-by-step guide given below.
What is Arbitrum and Why Should You Bridge To It?
Arbitrum is a Layer-2 blockchain built on top of Ethereum. Think of it as a highway that runs alongside the congested Ethereum mainnet, allowing transactions to flow more smoothly and efficiently.
By bridging your crypto assets to Arbitrum, you can enjoy faster transactions and reduced gas fees compared to the Ethereum mainnet. This translates to a more cost-effective and swifter trading experience.
Introducing tanX.fi: Your Gateway to Frictionless DeFi
You can use tanX to seamlessly bridge to Arbitrum. This innovative platform is a cross-chain order book DEX (Decentralised Exchange) designed to elevate your crypto trading game. tanX.fi boasts several features that make it a compelling choice for bridging to and trading on Arbitrum:
Instant and Gasless Transactions: Say goodbye to agonising wait times and exorbitant gas fees. tanX.fi leverages StarkWare technology to facilitate instant and gasless transactions, ensuring a smooth and cost-effective trading experience.
Security at the Forefront: Security is paramount in the DeFi space, and tanX.fi takes it seriously. Their platform is built on the robust security of the Ethereum blockchain, giving you peace of mind while you trade.
A Haven for Trustless Trading: tanX.fi prioritises user control. You retain complete custody of your assets, eliminating the need for third-party involvement and fostering a trustless trading environment.
Bridge Arbitrum Network on tanX
First, you have to add your asset to tanX from your desired network. Let’s take the example of the Ethereum network here.
Step 1: Connect your Ethereum wallet: tanX integrates with popular Ethereum wallets like MetaMask and WalletConnect. To initiate the process, visit the tanX trade website and click on the "Connect Wallet" button. Select your preferred wallet provider from the available options.
Note - If it is the first time you are depositing from your wallet or if you haven’t set up a custom spend limit in Metamask, Metamask will ask you to set it up first and then let you continue the process.
Step 2: Click on Wallet Section and click on Deposit.
Step 3: Select Ethereum , and Tether under Assets to deposit and enter the amount you would like to deposit in the amount section. Click Confirm ETH Deposit.
Note: You can deposit any asset in this step; Tether is just an example.
Step 4: Metamask will ask your permission to transfer the funds, click Confirm.
Step 5: Congratulations! Your deposit has been initiated. There might be a waiting period for the transaction to be completed, and you will be notified via the notification icon in the top right corner.
Note: To check the status of your deposit, you can either click on Track Deposit or go to the History section from the left side menu and check under Deposits.
Step 6: Once you successfully deposit your asset from your desired network, then it’s time to bridge it to Arbitrum Network.
Step 7: Log in to trade.tanx.fi, go to the Wallet section on the left side and click on Withdraw in the right corner of the screen.
Step 8: Choose Arbitrum network (Preferred network) from the network list. If it is your first time withdrawing on tanX, a pop-up will appear guiding you through the process.
Step 9: Choose the asset you wish to withdraw. Enter the amount you would like to withdraw. Click Withdraw. Reconfirm the transaction in another pop-up. Note: Once you confirm the transaction, you can’t cancel it.
Step 10: The withdrawal has been initiated; please wait for the said duration. You will be notified once the withdrawal has been completed via the notification icon in the top right corner.
Your Bridge to Arbitrum Network is done successfully. To check your withdrawal status, go to the History tab and check under Fast Withdrawals.
The Wait is Over: Unleash the Power of Arbitrum
Following the above steps will initiate the bridging process, and your crypto assets will be transferred to the Arbitrum network. With your assets now on Arbitrum, you can leverage the network's advantages to experience faster, cheaper, and more efficient crypto trading.
Bridging to Arbitrum opens doors to a world of faster and more affordable DeFi interactions. By utilising tanX.fi as your bridge, you can enjoy the additional benefits of instant, gasless transactions, top-notch security, and trustless trading. So, what are you waiting for? Bridge your crypto to Arbitrum today on tanX and unlock a more streamlined DeFi experience!
Disclaimer: This blog post is intended for informational purposes only and should not be construed as financial advice. By following these steps, you should be able to seamlessly bridge to Arbitrum network your wallet. tanX's innovative features and commitment to user experience make it a compelling choice for traders of all levels. With its secure, gasless environment, tanX empowers you to trade your digital assets with confidence. Please conduct your own research before making any investment decisions.
Get Started with trading on the world's leading insto DEX right away!