WBTC does have its perks, as the Ethereum network has many more options when it comes to staking and Decentralized Finance. Is it worth the hassle to wrap your Bitcoin just to store it in your Metamask wallet? I recommend storing any significant crypto investments in cold storage, which is a crypto wallet that is not connected to the internet. The only difference is that once it has been wrapped, it is an ERC-20 token, which means you can now store your WBTC in Ethereum-based wallets like Metamask. If separate tokens for separate blockchains wasn’t confusing enough for new crypto traders, it’s time to talk about how we can get the two networks to cooperate.ĭevelopers have created a token called Wrapped Bitcoin or WBTC, which is backed 1:1 with the price of native Bitcoin or BTC. If you try to send the Bitcoin directly to MetaMask, it will not be able to receive it.īefore sending a Bitcoin token to MetaMask, you need to transfer it with an ERC 20 token and then transfer it to MetaMask.Įxodus is the most popular MetaMask alternative for Bitcoin.Įxodus is a Bitcoin blockchain-based wallet, whereas MetaMask is an Ethereum blockchain-based wallet.So while the answer to this question is no, because Metamask cannot support native Bitcoin tokens, there are ways to store your Bitcoin on your Metamask wallet. MetaMask can only support the ERC 20 tokens. MetaMask is an Ethereum blockchain-based wallet and Bitcoin is a Bitcoin blockchain base token. MetaMask is the Ethereum blockchain-based wallet and Exodus is the Bitcoin blockchain-based wallet. If you accidentally sent Bitcoin to MetaMask, Your BTC can be lost.Īlso Read: How To Add Solana To MetaMask Wallet? MetaMask Equivalent Wallet For BitcoinĮxodus is the top MetaMask equivalent for Bitcoin. MetaMask wallet will not be able to receive the token if you try to directly send it. You cannot directly send BTC (Bitcoin) to MetaMask. To receive any other blockchain-based token, first, it needs to be swapped with an Ethereum based token and then it can be transferred to MetaMask wallet.Īlso Check: How to Fix "SWAP FAILED: REPLACEMENT FEE TOO LOW" ERROR? What Happens If You Send BTC To MetaMask? MetaMask supports the ERC 20 token which is based on the Ethereum blockchain. Yes, MetaMask is only for Ethereum blockchain-based coins. MetaMask only supports the ETH and ERC 20 tokens.īitcoin can only be added if it is swapped with an ERC 20 token. It is an Ethereum blockchain-based wallet. To transfer the Bitcoin, you need to swap it with an ERC 20 token and then transfer it from the swapping platform. No, you cannot add Bitcoin to MetaMask wallet directly because Bitcoin is based on the Bitcoin blockchain and MetaMask is on the Ethereum blockchain which supports the ETH and ETH-based token like ERC 20 tokens. It is instead based on peer-to-peer software and cryptography.Īll Bitcoin transactions are recorded in a public ledger, and copies are kept on servers throughout the world. MetaMask is the most well-known crypto wallet based on the Ethereum blockchain.īitcoin is a virtual coin that works independently of any central authority or monitoring by banks or governments.
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