HelpWallet
Bridge and swap scenarios
FabioMorais87
FabioMorais87
and
cheny0
jorge-campo
on Dec 05, 2024

Status app is currently in beta stage
The Status app is currently in its beta stage. This means the application is still undergoing active development, and certain features described in this document may function differently or be unavailable within the app.

In the Status app, you can bridge or swap crypto assets. When you bridge, you transfer assets between different blockchains. For example, you can move DAI from Ethereum to Optimism using a bridge. In a swap, you exchange one cryptocurrency for another. For example, you can swap DAI for SNT.

tip
The key difference between bridging and swapping is that bridging transfers assets between blockchains, while swapping exchanges one virtual coin for another.

Here are some scenarios you can encounter when deciding whether to bridge or swap crypto assets.

Example scenarioOptionNotes
You want to use ETH on Arbitrum for lower feesBridgeMove ETH from Ethereum to Arbitrum to access lower transaction fees and faster processing
You hold ETH and want to change it for Arbitrum's native tokenBridge and swapBridge ETH from the Ethereum blockchain to the Arbitrum blockchain, then swap it for ARB (Arbitrum's native token) on a decentralized exchange on Arbitrum
You hold ETH and wish to access a dApp on Arbitrum that requires its native tokenBridgeBridge ETH from Ethereum to Arbitrum to interact with dApps not available on Ethereum
You hold ETH and need DAI to operate on a lending platform on EthereumSwapSwap ETH for DAI directly on Ethereum to use in the lending platform
You want to diversify your crypto portfolio by converting some ETH to SNTSwapSwap ETH for SNT directly on the Ethereum blockchain
Updated by
Fabiomorais87
Fabiomorais87
on Dec 05, 2024
Was this article helpful?
Every feedback takes us closer to helping you!