TUTORIAL — BUYING DOG WITH STABLECOINS CROSS-CHAIN
Unlock the Power of Cross-Chain Swaps with TeleSwap!
Ready to seamlessly connect Polygon with the Bitcoin ecosystem? TeleSwap’s advanced platform lets you effortlessly buy $DOG Rune tokens using stablecoins from Polygon. With just ONE click, you can transfer $DOG tokens directly to your Bitcoin wallets, including Xverse, Magic Eden, Leather, and Unisat, all fully compatible with Ordinals and Runes.
Experience a smooth, low-fee process that bridges Polygon to Bitcoin, unlocking exciting new opportunities for your digital assets. Start your journey in the Bitcoin world today!
Let’s Start: Visit https://teleswap.xyz/ & Click on ‘’Enter App’’
Upon launching the dApp, you will see in the upper right corner the option ‘’Connect Wallet’’. Click on it to connect your wallet
Check the box ‘’I agree to the Terms & Conditions and Privacy Policy.’’ & select your wallet
Confirm Permissions
Select your Account & click on ‘’Next’’
Click on ‘’Confirm’’
Now you can see in the right upper corner that your wallet is connected. Go to the highlighted section and click on it to choose your stablecoin
TeleSwap’s Rune Swap is supporting thePolygon Network. In this Tutorial we will go ahead with ‘’USDT’’. Please click on ‘’Polygon’’ and select ‘’USDT’’
After you have selected USDT, you should see it on your screen too. BTC on Bitcoin will appear by default as the destination, click on it to select your Rune token
Select DOG (RUNE)
Now, you can type in the amount of USDT, you want to bridge over to Bitcoin for $DOG. For this tutorial, we have selected a USDT amount of 100, which is equivalent to $100. As demonstrated, you will receive 41,586 $DOG in return, representing one of the most favorable exchange rates available within the DeFi ecosystem. You may click on the down arrow in the “Fee” section to view a detailed breakdown of the fees.
The detailed breakdown of the fees
Go to the highlighted section at the bottom and ‘’Enter your Bitcoin Taproot wallet address’’ & tap ‘’Buy DOG’’
Your ‘’Custom spending cap’’ is set by default to the amount you want to bridge & you just need to click on ‘’Next’’
Please click on ‘’Approve’’ to approve the cap request
Wait until the ‘’Confirm’’ box turns into solid blue while Metamask (or your wallet) is calculating the fee. And then click on ‘’Confirm’’
In a few seconds your wallet will confirm the request. The remaining time to process your request is 15 minutes (Bitcoin Transaction included). Kindly click on ‘’Check my request status’’ to check the details about your request.
The dApp will automatically open the ‘’My History’’ tab where you can see your Pending Transactions. Click under the ‘’Sent’’ section on ‘’Polygon’’ to open Polygonscan & check your transaction
Here you can see all the details of your transaction on Polygonscan.
In the right corner you can click on the ‘’i’’ icon to see the details about your transaction on TeleSwap.
Here you can see all the details about your transaction in one window.
After your transaction get completed, it will show up under the ‘’Completed Transaction’’ section. In the right corner you can click on the ‘’i’’ icon to see the details about your transaction on TeleSwap.
Here you can see all the details about your transaction in one window. Now click on ‘’Bitcoin’’ to check up the transaction on the mempool.
Click on your Bitcoin address to see details of your wallet. The Bridge has successfully sent your $DOG.
Voilà!
Your Xverse wallet will display your $DOG tokens after the transaction is successfully confirmed by the Bitcoin Blockchain.
*Info: The pool is a bit imbalanced, but only upwards! It is possible that you can get more $DOG tokens on your Swaps, enjoy it! 🙂
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Congratulations!
You’ve successfully mastered the art of cross-chain bridging on TeleSwap. By leveraging our efficient and secure bridge, you’ve opened up a new realm of decentralized finance.
Thank you for choosing our bridge as your gateway to Bitcoin. We’re dedicated to ensuring the best possible experience and are eager to support your future endeavors in the cryptocurrency landscape.
‘’TeleSwap is bridging the World to Bitcoin!’’