Understanding $ACH on Binance Smart Chain (BSC)
Alchemy Pay’s ACH token is now available as a BEP-20 token on Binance Smart Chain via Multichain’s bridging service.
What is Binance Smart Chain (BSC)?
As a low-cost, high-speed alternative to Ethereum, developed by Binance and its community, Binance Smart Chain already has a wide range of DApps and DeFi apps on its chain.
Binance Smart Chain is programmable, interoperable, and highly functional for transactions. Binance Smart Chain has a system of 21 validators with Proof of Staked Authority (PoSA) consensus that support short block time and low fees.
The most bonded validator candidates of staking are validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.
ACH as a BEP-20 Token
BSC Contract Address: 0xbc7d6b50616989655afd682fb42743507003056d
To use ACH as a BEP-20 token on Binance Smart Chain read on…
How to Swap ACH (ERC-20) to ACH (BEP-20)
Alchemy Pay has partnered with Multichain to enable ACH cross-chain between Ethereum and BSC.
Step 1. Go to https://app.multichain.org/#/router
Step 2. Connect a wallet such as Metamask or Trust Wallet
Step 3. Select Ethereum to BSC
Step 4. Select ACH as the input/output token (see image below)
ACH Ethereum Contract Address: 0xed04915c23f00a313a544955524eb7dbd823143d
ACH BSC Contract Address: 0xbc7d6b50616989655afd682fb42743507003056d
Step 5. Input the ACH amount you wish to swap from ETH to BSC. Click Swap and submit your transaction on your wallet with gas.
Use Trust Wallet for Binance Smart Chain
If you don’t already have it, go to https://trustwallet.com/ to download and follow instructions to set up your Trust Wallet.
To find your Binance Smart Chain (BSC) address on Trust Wallet is very simple:
Click Smart Chain and then Receive to find your BSC address. You can tap on the QR code to copy the address or click Share to share your address.
ACH as a BEP-20 can now be transferred to this address.
Use MetaMask For Binance Smart Chain
If you don’t already have it, go to https://metamask.io/ to download and follow instructions to set up your Metamask wallet.
Then follow these instructions to find your BSC address.
Open Your MetaMask Wallet
Open the wallet and click on the three dots on the top-right corner of the screen.
Open your wallet on an expanded screen.
You will be redirected to your wallet on a new tab.
Add BSC Network Information
Select your profile icon on the top-right, and go to settings.
In the left-hand corner, you will see the Networks option.
Click Networks and you will see this screen.
Click Add Network to add BSC. You will be asked to enter technical information about the network. Fill out the information below:
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Block Explorer URL: https://bscscan.com
Once you’ve copied and pasted all the information onto your MM wallet, you can go ahead and click on “Save”.
You will now see Binance Smart Chain has been added.
Your wallet now features the BNB symbol and right under Assets, BNB has been added. BNB is the native token on BSC. Your wallet screen will look like this.
Under Account you will see an address and an option to copy it. This is your address which you can share in order to receive ACH as a BEP-20 token.
Purchasing ACH (BEP-20) on PancakeSwap
Go to https://pancakeswap.finance/swap and connect your wallet.
Step 2. Agree to import ACH token and ensure the output token is ACH
Step 3. Ensure you have BNB in your wallet for gas fees
Step 4. You can now buy ACH (BEP-20) with BNB, BUSD and other BEP-20 tokens
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