Since Chainflip's v2.3 upgrade went live on 10 November 2026, you can swap native BNB to SOL or ETH with a single deposit. BNB leaves your wallet on BNB Chain and arrives as native SOL on Solana or native ETH on Ethereum, with no wrapped tokens and no bridge. On 14 November Chainflip announced the BNB route is also live through SwapKit, which routed $60M through Chainflip in the 30 days to that date (Chainflip, via KuCoin News).
What you need
BNB on BNB Chain (BNB Smart Chain), either in your own wallet or on an exchange that supports BNB Smart Chain (BEP20) withdrawals
A small amount of extra BNB to cover the deposit gas
A Solana address to receive SOL, or an Ethereum address to receive ETH
A few minutes and a browser
Chainflip's docs list BSC as new in version 2.3, with BNB and USDT (BEP-20) as the supported assets (Chainflip docs). The release followed a scheduled maintenance window on 10 November 2026 from 10:00 to 14:00 CET (Chainflip on X), and the full release notes are in the Chainflip v2.3 release post.
Step 1: Open the Chainflip swap app and select BNB
Go to swap.chainflip.io and set the source asset to BNB on BNB Chain. You can connect a wallet, or skip that and send from any address later, including an exchange withdrawal.
What you will see: the asset picker shows each token alongside its network, so BNB appears with a BNB Chain label. Common mistake: choosing USDT on BNB Chain when you meant BNB, which changes both the asset and the amount you need to send.
The widget below opens on ETH to SOL. Switch the source asset to BNB, or open the full app if BNB is not listed in the embedded version.
Step 2: Choose SOL or ETH and add your destination address
Set the destination asset to SOL on Solana or ETH on Ethereum, then paste the address that should receive it. The same flow works if you want to buy native SOL or buy native ETH with other native assets later.
What you will see: an estimated output amount for your chosen pair. Common mistake: picking ETH on Arbitrum when you wanted ETH on Ethereum mainnet, or pasting an address from the wrong chain.
Step 3: Check the quote and set a minimum output
Chainflip's docs state that BNB and USDT on BNB Chain have no oracle price feed, so swaps in these assets get no default slippage protection (Chainflip docs). Check the quoted rate and set the minimum amount you will accept before you send anything. If the market moves below that minimum, the swap refunds instead of filling at a worse price.
On fees, Chainflip charges a 0.10% network fee with a $0.5 minimum, which the protocol uses to buy and burn FLIP (Chainflip docs). Deposit gas on BNB Chain and the broadcast fee on Solana or Ethereum come on top, and liquidity spread varies by pair.
What you will see: the estimated output, a fee breakdown and the minimum you will receive. Common mistake: accepting the quote without reading the minimum output, which matters more on assets without an oracle feed (see how cross-chain slippage works).
Step 4: Send BNB to your deposit address
Chainflip opens a deposit channel and gives you a BNB Chain address, so send the amount shown from your wallet or exchange. If you withdraw from an exchange, select the BNB Smart Chain (BEP20) network.
What you will see: Chainflip detects the deposit once BNB Chain confirms it, then runs the swap and sends the payout. Common mistake: selecting any network other than BNB Smart Chain (BEP20) in an exchange withdrawal menu.
Step 5: Track the swap and confirm receipt
Paste your deposit transaction hash or channel ID into Chainflip Scan to follow each stage. This guide on checking Chainflip swap status explains each status in detail.
What you will see: the swap moving from deposit to execution to broadcast and completion. Common mistake: assuming the swap failed before Solana or Ethereum has confirmed the payout transaction.
How does a native swap compare with bridge and exchange routes?
A native swap on Chainflip takes one deposit and delivers native SOL or ETH, while bridge routes add steps and exchanges require an account. Each route has a fair use case.
Chainflip native swap | Bridge + DEX | Centralized exchange | |
|---|---|---|---|
What you receive | Native SOL or ETH | Often a bridged token first, then a DEX swap | Native SOL or ETH after withdrawal |
User transactions | One deposit | Approve, bridge, then swap on the destination chain | Deposit, trade, withdraw |
Account needed | No | No | Yes, with identity checks |
Who holds funds mid-swap | Decentralized custody model secured by validators, no centralized custodian | Bridge contracts | The exchange |
Gas needed on destination chain | No, the payout fee comes out of the output | Yes | No |
Main costs | 0.10% network fee ($0.5 minimum), gas, spread | Bridge fee, gas on both chains, DEX fee | Trading fee, withdrawal fee |
Chainflip Scan showed $517.49M across 42,626 swaps in the rolling 30 days to mid-November 2026 (Chainflip Scan). Scan does not yet break out a pair-level figure for BNB to SOL or BNB to ETH. If you prefer to stay inside a wallet app, apps built on SwapKit can now surface Chainflip as a background route for native BNB swaps, while the steps above describe the Chainflip app itself.
Many readers hold BNB on Binance. After its October 2026 security incident, Binance said that BNB, ETH, SOL and other major assets are fully backed and that Binance, not users, will absorb the loss (CNBC, 31 October 2026). Binance says it completed coverage of affected assets on 13 November and reopened withdrawals on 87 networks that week, with the remaining networks planned for the following week (CryptoSlate, 14 November 2026). Plenty of users will reasonably stay with Binance or use another MiCA-licensed exchange, and Chainflip is simply one option for people who want to hold SOL or ETH in their own wallet.
Troubleshooting
Deposit not detected: confirm on BscScan that the transaction went out on BNB Smart Chain and reached the deposit address shown in the app.
Swap refunded: the price likely moved below your minimum output, and a refund fee with a $0.5 minimum applies (Chainflip docs).
USDT amounts look wrong: USDT on BNB Chain uses 18 decimals, not the 6 used on other chains, so check any figures you enter manually.
Received less than the estimate: gas on both chains and the pair's liquidity spread come on top of the 0.10% network fee.
Ready to swap BNB to SOL or ETH?
Moving BNB to Solana or Ethereum no longer needs a wrapped token or a separate bridge step. Pick your destination, set a minimum output and send one deposit.
Start on Chainflip Swap and follow the payout on Chainflip Scan.
Resources
Swap - Start swapping native assets
Lending - Borrow against native Bitcoin
Blog - Product updates and announcements
Chainflip Scan - Track swaps and network activity
Website - Explore Chainflip
Earn with Chainflip:
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FAQ
Can I swap BNB to SOL without a bridge?
Yes. Since Chainflip's v2.3 upgrade on 10 November 2026, you deposit native BNB on BNB Chain and receive native SOL on Solana, with no wrapped tokens or separate bridge step.
How much does a BNB to ETH swap cost on Chainflip?
Chainflip charges a 0.10% network fee with a $0.5 minimum. Deposit gas on BNB Chain, the Ethereum broadcast fee and the pair's liquidity spread come on top, so check the full quote before sending.
Does Chainflip support USDC on BNB Chain?
No. Chainflip supports BNB and USDT (BEP-20) on BNB Chain. USDT on BNB Chain uses 18 decimals rather than 6.
Do BNB swaps on Chainflip have slippage protection?
Not by default. BNB and USDT on BNB Chain have no oracle price feed, so set a minimum output yourself; if the price falls below it, the swap refunds minus a refund fee with a $0.5 minimum.
Can I use BNB as collateral on Chainflip Lending?
No. BNB Chain assets have no oracle price feed and cannot be used as lending collateral. Native BTC is the primary collateral asset on Chainflip Lending.
