Home
»
DeFi
»
How to Bridge to Algorand

How to Bridge to Algorand

Alysha Jane
Fact Checked
Sep 30, 2022

In this guide, we outline the best way to bridge tokens from Ethereum, Solana, Avalanche and other networks to Algorand (ALGO).

If you are looking to get started quickly, we recommend Portal Bridge as the best overall Algorand bridge for Decentralized Finance.

Table of Contents

Portal Bridge Highlights

Platform Highlights

  • Best non-EVM bridge with support for NEAR, Solana, Algorand, Terra & more.
  • Also supports major EVM chains like Ethereum, AVAX, Polygon, BNB Chain & more.
  • Secure and trusted bridge backed by Jump Crypto and Alameda Research.

How to Bridge to Algorand Network

The best way to bridge to Algorand network from Ethereum and 15 other networks is with the PortalBridge. They allow users to transfer ETH, USDC, USDT, WBTC and other tokens to an Algorand wallet address for low fees and with fast transaction finalization.

You can bridge to Algorand in 4 simple steps:

  • Step 1: Visit Portal Bridge and connect your MetaMask or alternative wallet.
  • Step 2: Select the source chain you want to bridge from and Algorand as your target.
  • Step 3: Select the token you want to bridge and the destination address.
  • Step 4: Review and confirm the transaction. Tokens will arrive in under 5 minutes.
Algorand Bridge
Bridging Ethereum (ETH) to Algorand via Portal Bridge.

Algorand Bridging Fees

The bridging fees to transfer tokens to Algorand will depend on the source network you are transferring from. Ethereum to Algorand fees are around $10 on average, with variability if there is a spike in gas fees. For all other major networks like Solana, Polygon, NEAR, Avalanche it is typically under $1 both ways.


About Algorand

Algorand is a decentralized finance (DeFi) and smart contract platform with a unique proof-of-stake consensus algorithm that allows for fast transaction speeds, low fees, and high security. Algorand supports a wide variety of tokens including its own native currency, ALGO.

The network was founded in 2017 by Silvio Micali, a Turing Award-winning computer scientist, and is backed by some of the biggest names in the cryptocurrency space including Andreesen Horowitz, Union Square Ventures, and MetaStable.

The Algorand network launched in June 2019 with a mainnet launch in July 2019. Since then, the platform has been gaining in popularity with DeFi developers and users.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

Twitter
View Posts