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How to Bridge Ethereum to Fantom
The best way to bridge your tokens from Ethereum to Fantom is through a multi-chain DEX like Synapse Protocol. When bridging through their protocol, you can send USDC, USDT, DAI & SYN from Ethereum but you can only receive USDC or SYN on Fantom.
In the below guide we will use SYN as an example as it is Synapse's native token and when bridging this token on their platform, they offer 0% slippage and a competitively low 1 SYN transaction fee.
Follow this simple guide to get started:
- Visit the Synapse Protocol and connect your Metamask Wallet
- Buy Synapse (SYN) tokens on the Synapse DEX
- Select the bridge tab and Ethereum & Fantom as your two networks
- Input the amount of tokens you want to bridge
- Confirm the transaction and your tokens will arrive cross-chain in under a minute
ETH to FTM Bridging Fees
When bridging between two networks on any Bridging Protocol or DEX, it is important to consider the fees that are involved. Most Dapps (including Synapse) will incur two fees when bridging, the first is the Transaction fee on the network you're bridging to, the second is the bridging (gas) fee.
Generally if you're bridging to any chain from Ethereum it will cost aroung $50USD. However, when bridging on Synapse and using their native token SYN, the total transaction will cost around $20USD. This is because Synapse offers 0% slippage when bridging their token and the transaction fee itself is only 1 SYN ($0.2 USD), so the only fee you need to consider is the gas fee. Gas fees on Ethereum are typically around $20USD.
In saying that, once your funds have bridged from Ethereum to Fantom, the cost to transact on FTM is considerably lower compared to ETH. It's generally around 4x lower than the gas fees you incur on Ethereum.
Is Synapse a Safe Bridge?
Yes, out of all the bridging protocols, Synapse is the only one that provides 24/7 Live Support. You can reach them on Twitter, Telegram and Discord. We recommend going through their docs before reaching out to their support team as they have a pretty extensive FAQ section.
Final Thoughts
To summarize - Synapse is the most secure, fast and affordable bridge for bridging your Ethereum tokens to Fantom. With their low transaction fees and no slippage when bridging SYN, they have become the go-to choice of many users. As always, we recommend researching any project before entrusting them with your funds.
