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Journey Into Crypto - Day 13 - First Transaction on Chain Using BEP2! - YouTube
Channel: TheSteveCast
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hey welcome everybody and welcome to day
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13 of my journey into crypto and today
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is finally the time when i can actually
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move some assets out of binance and onto
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the world of crypto onto the world of
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blockchain and it's finally been
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released so that has been the number one
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most frustrating thing about this whole
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journey
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is the waiting period after i have funds
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into my central exchange account
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because i did it via ach
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the waiting period is 10 days if you do
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it via debit card it's five days so if
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anybody's thinking about just starting
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the first thing i would recommend doing
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is create an account on finance.us
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create an account on coinbase and
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choose which one you like best but first
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of all put some money in there so you
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can use it i started out with a hundred
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dollars on each
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and let's get into it so here's my plan
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i've got
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some tokens i want to move over and i
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described that in my previous video so
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let's get into what that looks like so
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here we are in my binance wallet and you
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can see nothing's changed since when i
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first bought all of my crypto originally
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and today i'm going to attempt to move
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over some of my b and b tokens
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and all i have to do is go down here and
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go to withdrawal
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and i mentioned earlier
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in my previous video the bsc smart chain
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is not available that's still the case
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so i'm going to move some over into the
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bep tune network which is the binance
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chain
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and my amount is going to be
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0.01
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i have
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0.32 in there so i'm going to take out
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about a third
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and the
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location that i'm going to use is my
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trust wallet
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so i'm going to go ahead and put it in
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there i've already copy and pasted
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from the account address
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and
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in some currencies you are required to
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put a memo in which is
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the destination tag and that's
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documented if you need it
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in this case on trust wallet it shows a
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little note at the bottom it says no
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memo needed so i'm fine without doing
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this
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so go ahead and say yep no memo proceed
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and here are the details there's a
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transaction fee on the finance side
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so they're going to take that fee out
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not very much
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go ahead and confirm
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and while this is happening i'll go and
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pause and the code is in there
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let's see how it goes
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cool one more confirmation
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and i'm going to go ahead and confirm
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the withdrawal through email on my other
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screen so now it should have gone
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through and
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we'll see it's already marking my
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available balance there and now i'm
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going to go over to my wallet and see if
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i can see it in the wallet and i know in
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some cases it's gonna take a few minutes
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to go through it's not instantaneous but
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this network should be pretty quick okay
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right now i'm looking at my wallet and
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the cool thing is i can now confirm that
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in my main wallet
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on trustwallet i've got five dollars and
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26 cents in there
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and if i go into my
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bnb coin stash i can see that it's
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transferred over 0.009 bmb
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so that's great it worked
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and at this point i'm going to see if i
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can convert it over to
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smartchain token
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the nice thing about trust wallet is
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that it gives you the option really
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easily within the interface to just go
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ahead and swap
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right now i can swap the smart chain
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and i'm going to see how quickly that
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can go
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the amount i'm putting in is point zero
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zero nine and i get one for one match
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perfect and confirm
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so in this case it's processing may take
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some time the downside of this as you'll
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see on my screen
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that i just went through is there is a
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network fee for going
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cross chain from
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bep2 to finance smart chain and this is
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an exercise i just want to go through
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and do it and see what it was like
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normally i probably wouldn't want to pay
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that but now i have an example of how it
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works so here we go i think that worked
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out exactly the way i wanted and i'm
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pretty happy with it even though i had
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to pay the fee
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but the process worked now the main
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thing is why not why is the bse chain
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down and not available to use that's
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going to be a frustration for a lot of
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people
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if you're time bound so we'll see how
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quickly that one comes back up
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