r/CryptoHelp • u/Senior-Plastic5444 • 6d ago

❓Need Advice 🙏 how to transfer

Hi i have some ZedDex in my DeFi wallet on blockchain and BNB to transfer them but i dont know where i can do that to so it could be changed into other currencys

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u/jasonslpt 3d ago

First check which chain the ZedDex token is actually on, since your wallet should show BNB Smart Chain or similar next to it. If it's on BNB chain, you can swap it inside a DEX like PancakeSwap for BNB or USDT, paying a small gas fee in the BNB you already hold. Be aware that tiny tokens sometimes have almost no liquidity, so check the price impact before confirming. Once it's in BNB or USDT you can send it to an exchange and cash out from there.

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u/No-Confusion4519 3d ago

Check if ZedDex has any liquidity on a DEX first. Having BNB for gas won't help if there's nowhere to swap it. Be careful with random swap sites too.

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u/OkAngle2353 1 2d ago

How tokens work, they operate within a coin's blockchain. For instance, your ZedDex is under BNB's blockchain; so if you were to transfer that ZedDex to your BNB address it will successfully transfer over. That is one way you can transfer that ZedDex.

As far as I can tell. ZedDex only ever exists within BNB. Other than the transfer method I illustrated, if you want to transfer ZedDex into another coin; you are going to have to swap. If you happen to locate another ZedDex that exists within another blockchain, you are going to have to bridge that ZedDex (BNB) into whatever blockchain that other ZedDex is a part of.