LayerSwap now on imToken



What is LayerSwap?
LayerSwap solves one simple, growing problem for Layer 2:
Withdrawing tokens from Coinbase, Binance, and co is expensive, and often Arbitrum, Optimism, Polygon, and others aren’t even supported on those exchanges.

Now, LayerSwap lets you receive tokens on Layer 2, from all exchanges. The best part: Instead of paying $30–100 in withdrawal fees, you now pay around ~$10 in fees!

How does LayerSwap work?
Have you ever sent tokens from a, for example, Binance account to another Binance account? If yes, you have noticed that those transfers are free. Because internally, an exchange company doesn’t pay on-chain gas fees.

Using Bransfer, LayerSwap makes use of this idea by simply offering you to send coins from your, for example, Binance account to their Binance account. In return, LayerSwap sends you the same amount, minus a small fee, to your chosen Layer 2 address.  All of this happens instantly and without gas fees!

What exchanges are supported? So far, Coinbase, FTX, FTX US, Binance, Huobi, OKX, Kucoin and Bitfinex are supported by LayerSwap.

How to use LayerSwap on imToken?
To get started, download the latest imToken from 👉Google Play, 👉Apple App Store.

1.  Enter ‘LayerSwap’ on your imToken’s ‘Browser’.


2.  Enter any amount, exchange, and network.


3.  Login or create a new Bransfer account. Depending on the exchange, Bransfer asks you to connect your exchange account or read-only API keys. The reason Bransfer needs this information is that Bransfer will only release your tokens on Layer 2, once Bransfer has the confirmation (from the API) that you successfully sent your tokens.


4.  Done. Your swap is completed, and you can start exploring Layer 2!

Check 👉here for the guide on each exchange.

About imToken
imToken is a feature-rich digital asset wallet enabling multi-chain asset management, DApp browsing, and secure, private exchange of value. imToken was established in May 2016, striving to bridge the gap between blockchain technology and the general masses with a simple, secure yet powerful digital asset management tool. In the span of 2 years, imTokenhas expanded our outreach to millions of users from more than 200 countries, becoming the world’s largest Ethereum wallet.

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