Last updated on April 11th, 2022
If you’re looking to use Bitcoin on the Binance Smart Chain (e.g. on Pancakeswap), one of the ways to do so will be to use BTCB.
This is a Bitcoin token that is on the Binance Smart Chain (BEP20), and its value is pegged to BTC (where 1 BTCB is equal to 1 BTC).
If you want to add BTCB to your Metamask wallet, here’s a step-by-step guide to help you get started:
How to add BTCB to Metamask
Here are 4 steps to add BTCB to Metamask:
- Go to Metamask and ensure that you are using the Binance Smart Chain
- Select ‘Import Tokens’, and then ‘Import Custom Token’
- Copy the Binance Smart Chain contract from CoinMarketCap
- Double check that BTCB is detected and select ‘Add Custom Token’
Go to Metamask and ensure that you are using the Binance Smart Chain
The first thing you’ll need to do is to ensure that you are using the Binance Smart Chain on Metamask.
If you have not set up the Binance Smart Chain on your Metamask wallet, you can check out this step-by-step guide here.
Alternatively, you can view this video on how to add any new networks automatically with just one click:
Select ‘Import Tokens’, and then ‘Import Custom Token’
Once you’re on the Binance Smart Chain, the next step will be to select ‘Import Tokens‘.
On the Binance Smart Chain network, you are only able to import custom tokens.
This is different from adding tokens to the Ethereum Mainnet, where you can search for and automatically add tokens like MANA or SAND.
Copy the Binance Smart Chain contract from CoinMarketCap
For the next part, you can go to the BTCB page on CoinMarketCap.
I prefer using CoinMarketCap to obtain the contract address, as it is one of the most reliable sites with regards to cryptocurrencies.
It is important that you ensure that the site where you’re obtaining the contract address from is a credible source!
There is a section called ‘Contracts‘, where you’ll see the BSC contract for BTCB.
You can click on the contract and it will be copied to your clipboard.
Double check that BTCB is detected and select ‘Add Custom Token’
Once you’ve copied the Contract Address, you can paste it in the ‘Token Contract Address‘ field in Metamask.
If you pasted the correct contract address, BTCB should automatically appear as the Token Symbol.
After selecting ‘Add Custom Token‘, you will need to confirm importing BTCB one more time.
Once you’ve successfully imported BTCB to your Metamask wallet, you should see it as one of your assets under the Binance Smart Chain.
This will allow you to view any BTCB that you’ve deposited via the BSC!
Conclusion
When you are own BTCB, you are holding Bitcoin that is on the Binance Smart Chain (BEP20). This allows you to send and receive BTC on the Binance Smart Chain, even though Bitcoin’s native network is different from the Binance Smart Chain.
As such, you are unable to add native BTC to your Metamask wallet, but you are able to add BTCB instead.
This process is similar to how you would add TITANO, CAKE or ADA to your Metamask wallet too.
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!
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