To perform any transaction on the Heco Chain, you need $HT tokens to cover the gas fees required by the network. Typically, 0.1 $HT is sufficient for over 300 transactions.
This guide walks you through the process of transferring assets from Binance Smart Chain (BSC) to Heco Chain (HECO) using the TokenPocket wallet, specifically to obtain $HT. Before starting, ensure you have downloaded TokenPocket from official sources, installed it, and set up both BSC and HECO wallets within the app.
Prerequisites: Setting Up Your Wallets
- BSC Wallet: This Binance Smart Chain wallet holds the assets you plan to transfer. You can create a new BSC wallet in TokenPocket or import an existing one. Make sure you have some $BNB in this wallet to cover transaction gas fees.
- HECO Wallet: This Heco Chain wallet will receive the converted tokens, in this case, $HT. You can create a new HECO wallet or import an existing one into TokenPocket.
Step-by-Step Guide to Cross-Chain Conversion
Step 1: Access the Conversion Feature
Open your TokenPocket app and select one of your wallets. From the home screen, navigate to the "Market" section and choose the "Token Swap" option to initiate a cross-chain asset conversion.
Step 2: Select the Source Asset and Blockchain
On the "Token Swap" interface, specify the asset you wish to convert and its originating blockchain. For this example, we use BUSD on the BSC network. Ensure your BSC wallet contains sufficient BUSD tokens.
Step 3: Choose the Target Asset and Blockchain
Next, select the asset you want to receive and its corresponding blockchain. Since our goal is to acquire $HT for gas fees, choose HT on the HECO network.
Step 4: Enter the Conversion Amount
Specify the amount of tokens you want to convert. The interface will display the estimated amount of $HT you will receive after fees.
Step 5: Select the Receiving Wallet
Choose the HECO wallet that will receive the converted $HT. Note that TokenPocket charges a processing fee of approximately 0.2%, and there might be a minimum conversion amount required.
Step 6: Confirm the Transaction Details
Click "Start Swap" to review the detailed conversion information. Verify all details carefully before proceeding. Click "Confirm" to initiate the conversion process.
Step 7: Monitor the Transaction Status
The screen will display a "Pending" status as the transaction processes on the blockchain. Once completed, the converted $HT tokens will appear in your designated HECO wallet.
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Frequently Asked Questions
Why do I need $HT on the Heco Chain?
$HT is the native token of the Heco Chain, used to pay for gas fees when executing transactions or interacting with decentralized applications on the network. Without it, you cannot perform any operations.
What is the typical gas fee for Heco Chain transactions?
The Heco Chain is known for low transaction costs. Generally, 0.1 $HT can cover over 300 transactions, making it cost-effective for users.
Can I use any wallet for this conversion?
You must use a wallet that supports both BSC and HECO networks, like TokenPocket, and ensure you have active wallets on both blockchains set up within the app.
What should I do if the transaction fails?
First, check that you have sufficient $BNB for BSC gas fees and that the token amounts meet the minimum swap requirements. If issues persist, consult TokenPocket’s support resources.
Are there alternatives to TokenPocket for this conversion?
While TokenPocket is a popular choice, other multi-chain wallets support similar cross-chain swaps. However, always use official and trusted apps to secure your assets.
How long does the conversion process take?
Cross-chain conversions usually complete within a few minutes, but timing can vary based on network congestion. Monitor the transaction status in your wallet for updates.