Swap Guide: PHX (NEP5), PHB (BEP2) and PHB (BEP20)
Everything you need to know to swap between the various Phoenix Global tokens.
This guide will outline how to swap between PHX (NEP5) on NEO blockchain, PHB (BEP2) on Binance Chain, and PHB (BEP20) on Binance Smart Chain, using Binance.com and the Binance Wallet Browser Extension.
Swapping between PHX (NEP5) and PHB (BEP2) using Binance.com:
- PHX (NEP5) inside NEO wallet
- Binance.com account
Binance.com will automatically convert PHX (NEP5) to PHB (BEP2) upon deposit at a 1:1 ratio.
Login to Binance and go to your ‘Fiat and Spot’ wallet.
Locate PHB and click ‘Deposit’. Alternatively, click ‘Deposit’ and find PHB under the drop down menu.
Select NEP5 as the deposit network and copy the deposit address.
Navigate to where you have stored your PHX. In this article we will use the NEON desktop app as a demonstration.
Click send — make sure the coin and address are both correct.
Enter and confirm the amount of PHX you wish to swap to PHB BEP2.
Finished! Your PHX is now PHB BEP2 on Binance — ready for you to trade and exchange as you wish.
Swapping between PHB (BEP2) and PHB (BEP20)
This guide will go through the process using Google Chrome.
Binance Chain Wallet Chrome Extension installation
Click the Chrome or Firefox link above to find the browser extension.
Install the extension
Click the Add to Chrome button.
Using Binance Chain Wallet
The Binance Chain Wallet Chrome extension is now accessible at the top right of your browser. You can click on the jigsaw button to pin it so that it is always visible or use it through the drop down menu.
Create or import an existing wallet
You can import an existing wallet or create a new one. We will be creating a new wallet to bridge between the PHB Binance Chain token PHB (BEP2) and the PHB Binance Smart Chain token PHB (BEP20) token.
Create your wallet by choosing a strong and unique password.
Seed Phrase (Mnemonic)
Your account mnemonic is a combination of 12 words in order. They are used to restore and access your account should you need to recover your wallet, forget your password or change to a new computer. The ideal way of storing your mnemonic is offline, on a piece of paper (or multiple) and storing it in a fireproof safe. Choose a way that is best for you.
After you have copied them down and continue to the next screen you will be asked to verify your mnemonic. Put in the three words that are asked for to confirm that you have backed up your mnemonic.
You now have the Binance Wallet Browser extension to bridge BEP2 and BEP20 tokens!
Transferring BEP2 tokens to the Binance Chain Wallet Chrome extension
- Binance.com account
- Binance Wallet browser extension
WARNING: ONLY SEND BEP2 tokens to Binance Chain addresses and BEP20 tokens to Binance Smart Chain addresses!
We will use the Binance.com platform to send PHB (BEP2) tokens to the Binance Wallet browser extension.
Start by logging into your Binance.com account (https://www.binance.com/en) and make sure you have the PHB (BEP2) tokens you wish to convert to PHB (BEP20). You can take this time to trade assets and finalize the amount of PHB (BEP2) tokens you wish to convert.
Navigate to your ‘Fiat and Spot’ wallet balance in order to withdraw PHB (BEP2) tokens.
Find PHB in your balances and select ‘withdraw’.
Click on the Binance Wallet browser extension and double-check that you are on the ‘Binance Chain Network’ and not the ‘Binance Smart Chain Network’. Click receive and copy your BEP2 wallet address.
Back on Binance.com, make sure you select PHB as the coin. Paste your BEP2 Binance Chain Wallet address into the ‘Recipient’s PHB Address’. Select the Binance Chain (BNB) BEP2 network. Do NOT put a MEMO in as this will cause the transaction to fail with an ‘address verification failure’ message.
Confirm the amount of PHB (BEP2) you would like to swap. Once you have verified the coin, address, network and amount — click submit and complete the security verification steps you have activated on your Binance account (Secure your assets!).
Send a small amount of BNB as well in order to pay the small fees (gas) on the Binance Chain and Binance Smart Chain.
Open the Binance Wallet browser extension and press the add button to include the PHB (BEP2) token on the home screen.
You have now successfully withdrawn your desired PHB (BEP2) amount from Binance.com to the Binance Wallet Browser Extension.
You are now ready to swap it to the PHB (BEP20) equivalent.
PHB (BEP2) to PHB (BEP20) swap
Change to the ‘Binance Smart Chain Network’ at the top of the Binance Wallet extension and click the plus button at the bottom. Let’s add the PHB (BEP20) token to the home screen of the Binance Wallet Extension.
Click the + button at the top right to add a custom token address.
The PHB (BEP20) token address is:
You can view the token contract on the BSC explorer here.
Copy and paste the PHB (BEP20) token address into the input asset box and add it to the homepage. Double and triple check that this token address matches the one above. (The last letter c is cut out in the picture due to size constraints — we have already added the custom address to our homepage so the add asset button is blanked out).
Click add asset.
Click on receive to copy your BSC wallet address. (Make sure you are on the Binance Smart Chain Network).
Change back to the ‘Binance Chain Network’ at the top. Click send.
Select PHB (BEP2) as the asset you wish to send. Paste your BSC address that you just copied into the address field. Select and confirm the amount of PHB (BEP2) you wish to swap to PHB (BEP20).
Congratulations! You have successfully bridged PHB (BEP2) to PHB (BEP20) and now own PHB on the Binance Smart Chain — ready to stake for Horizon (HZN).
Do not forget that you require a small amount of BNB in order to pay for transaction fees.