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Arbitrum was built by Off-chain Labs, which is considered as a layer two solution for Ethereum dApps. The Arbitrum bridge was designed to improve the limitations of the Ethereum network. It offers high-throughput and low-cost fees translations along with maintaining high-security standards. This article will explain how you can transfer your ETH/ERC-20 tokens with Arbitrum Bridge.
You can visit http://bridge.arbitrum.op/ and click “Add/Switch to Arbitrum network” in the middle of the page, which will add the network automatically to your Metamask wallet.
You can also add the network manually by clicking on the metamask plugin, then click on ”Ethereum Mainnet” network, then click “Custom RPC” at the end of the menu and enter the following:
If you are a developer, you can also use Alchemy or Infura as a connection to the Arbitrum One network.
Users can use the Arbitrum One to transfer Ethereum and other supporting ERC-20 tokens from the L1 to the L2 network. To use Arbitrum One (L2: Layer 2 network), you need to first bridge your assets from the main Ethereum network to Arbitrum One by visiting the bridging website at Arbitrum Bridge.
To withdraw tokens from Arbitrum L2 network to L1 network, you need to set your Metamask wallet to Arb1 network. Then you need to enter the number of tokens you want to withdraw in the Withdraw field.
After you initiate the withdrawal, the transaction will be moved to a “pending state”, which it will take around one week before you can claim your funds on the L1 network.
Using Arbritrum Bridge to transfer tokens is not difficult. However, there is potential price risk which is that once your Ether or other ERC-20 token is bridged from L1 to L2 or L2 to L1, the value of the funds may change due to market fluctuation.
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