This tutorial assumes that you already own some BEP20 iota tokens and you would like to convert them to native iota tokens without an account on Binance.com
What do you need?
- You should already have Metamask installed and configured to BSC network
- Wrapped IOTA tokens
- Small amount of BNB tokens on BSC network
- Iota's Firefly wallet (https://firefly.iota.org/)
Step 1:
Open a browser with Metamask installed and log on to https://www.binance.org/en/bridge
Step 2:
Click on Asset dropdown list and type iota
Step 3:
Click on the arrow button and make sure you have From:BSC To:IOTA Network
Step 4:
Click on Connect Wallet, then click on MetaMask and ensure that your MetaMask is set to BSC Mainet and not Ethereum
If you have successfully connected your MetaMask, you should be able to see your account on the top right corner, and the amount of IOTA you have available
Step 5:
Open Firefly wallet and click on the Receive button to generate a new Iota address
Step 6:
Click on the Copy Address button
Step 7:
Go back to your browser and paste the iota address inside the destination input and key in the amount of IOTA that you would like to bridge over, for this example I will be bridging 10 BEP20 IOTA
Step 8:
Press Next, check that everything is correct before clicking the confirm button
Step 9:
A dialogue will show up with a BEP20 address to transfer your BEP20 IOTA within a set time limit (At this time, it's 2 hours)
Click on Submit MetaMask Transaction
Step 10:
MetaMask should appear with the amount and address already set, click on Confirm
Step 11:
After sending the transaction from MetaMask, a pop-up like this should appear.
If you see this, it means you have done everything correctly the funds should show up on Firefly wallet shortly
When you see Two Ticks, it means the Bridge has been completed successfully and your fund should appear inside Firefly wallet
In my Example, It took about 3 minutes after I send BEP20 IOTA from MetaMask for Native IOTA to be credited to my Firefly Wallet
Alright, that's all folks, I hope this tutorial was helpful especially for people who do not have access to exchanges like Binance or Bitfinex that supports Native IOTA withdrawal or for people who wish to use DEXes on BSC to acquire IOTA Tokens
Do let me know in the comments section below if you have any feedback or suggestions