how-to-bridge-to-optimism-network-step-by-step-guide

Bridge to Optimism Network: Step-by-Step Guide

Bridge to Optimism Network: Step-by-Step Guide

Sharad Jaiswal

Product

3

min read

Mar 17, 2024

Feeling the burn of high gas fees on Ethereum? You're not alone. Thankfully, innovative Layer 2 scaling solutions like Optimism are emerging to offer a smoother, faster, and more affordable blockchain experience. But how do you get your assets onto the Optimism network? Fear not, crypto adventurer, this guide will walk you through bridging your tokens to Optimism in a few simple steps.


What is Optimism?


Optimism is a Layer 2 scaling solution built on top of the Ethereum blockchain. Think of it as a high-speed toll lane that runs alongside the congested Ethereum mainnet. Transactions on Optimism are significantly cheaper and faster compared to Ethereum, making it ideal for DeFi applications and frequent crypto users.


Introducing tanX.fi: Your Gateway to Optimism


While there are several bridge options available, tanX.fi stands out as a user-friendly and secure solution. tanX is a cross-chain orderbook DEX (decentralised exchange) built specifically for the Optimism network. It boasts instant, gasless, trustless, and secure trading, making it a compelling choice for bridging your assets.


How Does Bridging Work?


Bridging essentially involves locking your tokens on the source chain (e.g., Ethereum) and receiving an equivalent amount of wrapped tokens on the destination chain (Optimism). These wrapped tokens represent your original assets and can be redeemed back 1:1 when you bridge back to the source chain. tanX.fi utilises a secure bridge infrastructure to facilitate this process seamlessly.


Bridge Optimism Network on tanX


Firstly, You have to add your asset to tanX from your desired Network. Here, We are taking the example of the Ethereum Network.

  • 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 the ‘Ethereum Network’ 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 your assets in this step. We are talking Tether as 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 assets from your desired network, it’s time to bridge it to Optimism 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 the Optimism 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.



You have successfully bridged to the Optimism network. To check your withdrawal status, go to the History tab and check under Fast Withdrawals.


Bridging to a Brighter Future


By leveraging Optimism and user-friendly bridges like tanX.fi, you can unlock a more cost-effective and efficient way to interact with the crypto world. Remember, thorough research is crucial before making any investment decisions. However, bridging to Optimism opens doors to a faster and more scalable future for your crypto adventures.

So, what are you waiting for? Bridge your crypto assets to Optimism 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 Optimism 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, gas-fee-free 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!

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Frequently Asked Questions

What are the different types of withdrawals available on the platform and what are the fees charged?

What are the different types of withdrawals available on the platform and what are the fees charged?

What is the estimated time for withdrawal to complete?

What is the estimated time for withdrawal to complete?

Why do normal withdrawals require more time to be processed than I expected?

Why do normal withdrawals require more time to be processed than I expected?

Are tanX smart contracts audited?

Are tanX smart contracts audited?

Does tanX charge deposit fee?

Does tanX charge deposit fee?

Frequently Asked Questions

What are the different types of withdrawals available on the platform and what are the fees charged?

What is the estimated time for withdrawal to complete?

Why do normal withdrawals require more time to be processed than I expected?

Are tanX smart contracts audited?

Does tanX charge deposit fee?

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tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2024 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2024 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2024 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2024 tanX.fi All rights reserved.