Can I Send BTC To Metamask? (Explained) | Financially Independent Pharmacist
hera ’ s what you need to know, and how you can add BTC to your Metamask wallet .
Can I add or send BTC to Metamask ?
You are unable to add or send native BTC to your Metamask wallet, as the Bitcoin network is not compatible with your Metamask wallet. alternatively, you will be able to add BTC that exists on different networks, such as wrap BTC ( ERC20 ) or BTCB ( BEP20 ) which are compatible with Metamask. When you obtain your deposit address from your Metamask wallet, it will start with ‘ 0x ‘. The cover that you are copying is the like, careless of whether you are using the Ethereum Mainnet or the Binance Smart Chain. however, if you are using the Harmony ONE network, you will need to convert it to a Harmony-compatible address. There are some platforms like Binance which allow you to withdraw Bitcoin using multiple networks. If you copy this address to a platform like Binance, it will automatically remove the native Bitcoin network from the possible networks you can use to withdraw BTC. rather, you are only able to withdraw to Ethereum compatible networks, such as BSC or ERC20. You may want to note that if you use the Ethereum network to withdraw BTC, you will be withdrawing BBTC instead of wBTC. As such, you will be ineffective to send native BTC to Metamask via the Bitcoin network. If you do so, there is a risk that your funds may be lost forever !
What are the alternatives to send BTC to Metamask ?
To send BTC to your Metamask wallet, you will need to sendBTC that exists on different networks, such as wrap BTC ( ERC20 ) or BTCB ( BEP20 ), which are compatible with Metamask. While you can ’ t send the native BTC to your Metamask wallet, it is potential for you to send other versions of BTC that exist on different networks, such as ERC20 or BEP20. Some examples include :
- wBTC or Wrapped BTC (ERC20)
- Binance Wrapped BTC (ERC20)
- BTCB or Binance-Peg BTC (BEP20)
All of these versions of BTC will represent BTC on other networks apart from the native BTC network. As such, it will be possible to add them to your Metamask wallet since Metamask is compatible with both the ERC20 and BEP20 networks. One chopine that supports all of these versions of BTC is Binance, and here ’ s how you can transfer BTC to your Metamask wallet .
Add Networks AUTOMATICALLY To Metam…
How do I transfer BTC from Binance to Metamask ?
You can transfer BTC from Binance to Metamask as an alternate version via 3 ways :
- Sending BTCB via the Binance Smart Chain
- Sending BBTC via the ERC20 network
- Sending wBTC via the ERC20 network
Here is each method explained :
Sending BTCB via the Binance Smart Chain
The beginning thing you ’ ll indigence to do is to copy the BEP20 address on your Metamask wallet. If you have not added the Binance Smart Chain to your Metamask wallet, you can view this guide hera. alternatively, you can view this video recording on how to add any new networks automatically with merely one chatter :
When I ’ ve pasted my Metamask wallet address on Binance, I will be given 2 networks to send BTC to Metamask :
- Binance Smart Chain (BEP20)
- Ethereum (ERC20)
If you would like to have BTCB in your Metamask wallet, you will need to send it using the BEP20 network. You can view my guide on how to add BTCB to your Metamask wallet to view it under your assets .
Sending BBTC via the ERC20 network
Another room of sending BTC to Metamask is by using Binance Wrapped BTC ( BBTC ). To do so, you will need to select the Ethereum network (ERC20) when you are sending BTC from Binance to Metamask. To add BBTC to your Metamask wallet, you can follow the same steps of adding BTCB, but you ’ ll necessitate to copy the contract address from Etherscan alternatively. however, you may want to note that BBTC that not has that many use cases as compared to wBTC, which is what we ’ ll be going through adjacent .
Sending wBTC via the ERC20 network
wBTC is another version of BTC that exists on the Ethereum network ( ERC20 ). however, on Binance, BTC and wBTC are 2 separate tokens, so you ’ ll need to trade BTC for wBTC. When you have BTC in your Binance account, you will need to go to their trading platform under ‘ Trade → Classic ‘. After that, you will need to select the BTC/wBTC trading pair,
and then enter the details of your trade including the amount of wBTC that you wish to buy. even though BTC and wBTC are supposed to be 1:1, the rate may be slenderly unfavorable, so you may receive less wBTC after this transaction. once you have wBTC, you can send it to your Metamask wallet using the same Ethereum deposit address. wBTC is a native ERC20 nominal, so you are only able to send it via the ERC20 network. once you have processed the coitus interruptus, you will need to add Wrapped BTC (wBTC) to your Metamask wallet to view your balance. You can view my guidebook on how to add wBTC to your Metamask wallet to view it under your assets .
If I’ve sent BTC to my Metamask wallet, why can’t I view it?
If you have sent BTC via the Binance Smart Chain ( BEP20 ) network to your Metamask wallet, you will need to add both the Binance Smart Chain and BTCB to your wallet. If you have sent BTC via the Ethereum network either through BBTC or wBTC, you will need to add either token to your Metamask wallet. For Metamask, you will need to add all networks apart from the Ethereum Mainnet, which is the default net in the wallet. If you are sending BTCB via the BEP20 network to your Metamask wallet, you will need to add these 2 things to your Metamask wallet : however, if you ’ ra sending either BBTC or wBTC to your Metamask wallet, you’ll just need to add either token to the wallet.
After adding the tokens to Metamask, you will be able to view them in your wallet.
Can I convert BTC to wBTC directly on Metamask ?
It is not possible for you to convert BTC to wBTC directly on Metamask, as Metamask does not support BTC. As such, you will not be able to receive any BTC on your Metamask wallet to convert to wBTC.
Since you can’t send BTC to your Metamask wallet, you won’t be able to convert from BTC to wBTC from Metamask.
alternatively, you will need to use other platforms that support both wBTC and BTC. Some of them include :
Can I convert BTC to wBTC directly on Trust Wallet ?
You are unable to convert BTC to wBTC directly on Trust Wallet. You will need to send your BTC on Trust Wallet to a chopine that supports both BTC and wBTC to process this conversion. alike to Metamask, you can’t swap BTC to wBTC directly on Trust Wallet. As such, you will need to send BTC to a platform that supports the BTC/wBTC trade couple, and then trade your BTC for wBTC. alternatively, you are able to convert BTC to wBTC using a bridge like the Badger Bitcoin Bridge. You will need to have BTC in a custodial wallet such as Coinbase Wallet to process this conversion.
You can use other wallets such as ZenGo to store BTC
If you wish to store BTC in a non-custodial wallet, one of the alternatives that you can consider is the ZenGo wallet. What ’ s more, ZenGo uses Keyless Wallet technology, which uses your biometric front map to backup or restore your wallet .
You are unable to send or add native BTC to your Metamask wallet, because Metamask does not support the native Bitcoin network. however, it is possible to send other versions of BTC that exist on either the Binance Smart Chain or ERC20 networks ( e.g. BTCB, BBTC or wBTC ) ! After adding and receiving your tokens to your Metamask wallet, you can consider using decentralised exchange (DEX) aggregators, including : Since both platforms are DeFi aggregators, they will ensure that you will get the best rates for any swaps that you make ! If you ’ re looking to generate tax reports for your crypto trades, you can consider using Koinly, which allows you to track your transactions from 350+ exchanges and 50+ crypto wallets .
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ZenGo Referral (Get $10 Cashback)
If you are looking for an alternative wallet to Metamask, one of the options you can consider is ZenGo. What ’ s more, you ’ five hundred be able to receive $ 10 cashback, and here ’ s what you ’ ll want to do :
- Sign up for a ZenGo wallet using this link
- Enter the Referral Code ‘ZENX0B4G’ when you are entering your email
- Purchase $200 worth of crypto via MoonPay in the ZenGo app
once this is done, you will receive $10 cashback in BTC. Do you like the contented on this blog ? To receive the latest updates from my web log and personal finance in general, you can follow me on my Telegram channels ( personal finance or Crypto ) and Facebook.
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Category : crypto topics