How To Swap WAX To Binance Smart Chain BNB
With this guide you can swap WAX to Binance Smart Chain (BSC) without the use of an exchange.
There are a number of games on the WAX blockchain and if you accumulate some WAX coins you might want to swap it to Binance Smart Chain.
With this method you won't need to transfer anything to an exchange. With an exchange you usually need to verify your account and it can be a bit of a hassle and take some time.
We will go through everything you need to swap WAX for BNB.
You will need the following things to get started:
- Wax Cloud Wallet
- Metamask Account
It may get a little complicated so be sure to follow the guide how to get WAX coin to BNB below.
How To Setup Metamask With Binace Smart Chain
If you already have Metamask setup with BSC, you can skip to the next step.
Install Metamask in your browser such as Firefox or Chrome.
Once you have installed Metamask in your browser, by default you will be on the Ethereum Mainnet.
Click on where it says Ethereum Mainnet and then click on Custom RPC.
Then you will want to fill out the fields with the following information:
Hit save and then you're done! You have successfully created a Binance Smart Chain account in Metamask.
You will need a small amount of BNB in that account to pay for the transfer later.
Swap Your Wax To TLM
There is no direct way to swap WAX to Binance Smart Chain yet. You can however swap WAX to TLM and then to BSC. You will have to swap WAX to TLM using Alcor Swap.
TLM is Trilium which is the cryptocurrency used in the WAX game Alienworlds. Binance has created a bridge to allow the transfer for TLM to BSC.
You need a minimum of 100 TLM to be able to swap to BSC in the next step. So be sure to swap for least 100 TLM first.
At the time of writing this 100 WAX is equivalent to around 100 TLM.
After you have at least 100 TLM in your WAX wallet, you can head over to the TLM to Binance Teleport Bridge.
Sign in to your WAX cloud wallet and your Binance account you have created in Metamask. Then you will see your TLM balance.
Enter the amount of TLM you wish to transfer, then approve the transfer.
Then click on Dashboard.
Wait a little while, usually a minute or so.
Once the transaction is ready - claim it.
A transaction will appear in your Metamask account as a popup and you'll need to accept it. This is the part that you'll need some BNB in there to cover the gas fee.
After your transaction is approved on the Binance Smart Chain, you can add the token to see it in your account.
Just hit Add Token at the bottom of your Metamask window and add TLM token with the following:
Token contract address: 0x2222227E22102Fe3322098e4CBfE18cFebD57c95
Token symbol: TLM
Then you should see your TLM balance in your Metamask account.
Swap TLM for Binance Smart Chain
Alright if you've come this far you have done well! This is the last step you need to do.
Head over to PancakeSwap and then connect your Metamask account.
Click on 'Select Currency' and type in TLM and it should appear as it does below, then import it.
Then you can swap your TLM for BNB Like below:
There you have it! You have successfully swapped your WAX for Binance Smart Chain!
- Swap WAX to TLM on Alcor
- Login to Binance bridge on Alienworlds, with your WAX wallet & Binance Metamask account
- Get your TLM to your Binance Metamask account
- Swap your TLM on Pancakeswap for BNB
At the time of writing, this is the only method that works that we have found - without the use of transferring back to an exchange and swapping it there.