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D’CENT Wallet teams up with Ozys, making cross-chain transfers easy and safe via Orbit Bridge.
We are excited to announce D’CENT Wallet is now integrated with Orbit Bridge, an interchain communication protocol that allows communication between heterogeneous blockchains.
Orbit Bridge IBC was built using a Multi-signature BFT consensus to establish a decentralized, trustless consensus process. With Orbit Bridge, users can make cross-chain transfers of various assets on one blockchain network to another network.
Orbit Bridge service allows token conversion between 15 blockchain networks and supports 58 tokens. Orbit Bridge can be accessed directly from the Discovery Tab of the D’CENT Wallet.
What are the fees to using the Orbit Bridge?
Aside from the fees (gas) received from the blockchain, taxes and bridge fees are incurred when using Orbit Bridge. Taxes occur on Ethereum and BNB chains (Layer 1), and Bridge Fee is required on Ethereum, BNB, Ripple, and Klaytn chains (Layer 1).
Total Fee = Tax + Bridge Fee
*Tax = Globally, the tax is calculated as 0.1% of the bridged tokens. However, the Tax charged for each blockchain is different. Please check this link for more details.
*Bridge Fee = The Bridge Fee charged for each blockchain is different. Please check this link for more details.
How to use Orbit Bridge
For a detailed instruction guide, please refer to this link.
[D’CENT Wallet]
D’CENT Wallet is created by IoTrust, a company founded by security experts with over two decades of security know-how and engineering experience in developing deeply embedded security solutions based on secure-chip technology (SE and TEE).
D’CENT Wallet caters to the diverse needs of cryptocurrency users, prioritizing security and user experience. Users can choose the Biometric Wallet, Card type Wallet, or the free-to-use Software Wallet.
Disclaimer:
This blog is for educational purposes only. Information presented here, including projects or brands mentioned, is informative and not financial, legal, or tax advice. While we strive for accuracy, we cannot be held liable for any inaccuracies. Cryptocurrencies are inherently risky. Do your own thorough research and consider consulting a financial advisor for investment decisions aligned with your goals and risk tolerance. External links may be present and we are not responsible for their content or practices. Review their terms of service and privacy policies.
This blog is for educational purposes only. Information presented here, including projects or brands mentioned, is informative and not financial, legal, or tax advice. While we strive for accuracy, we cannot be held liable for any inaccuracies. Cryptocurrencies are inherently risky. Do your own thorough research and consider consulting a financial advisor for investment decisions aligned with your goals and risk tolerance. External links may be present and we are not responsible for their content or practices. Review their terms of service and privacy policies.
