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But BTCB (Bitcoin on BSC/BEP-20) is not Bitcoin To actually withdraw Bitcoin like this, you'd have to bridge your BTCB to WBTC on Ethereum, and from there brid
by shawabawa3 4y ago
But BTCB (Bitcoin on BSC/BEP-20) is not Bitcoin
To actually withdraw Bitcoin like this, you'd have to bridge your BTCB to WBTC on Ethereum, and from there bridge it back to BTC (using a custodial bridge, AFAIK there are no WBTC/BTC decentralised bridges)
You'd eat 2 sets of fees along the way plus gas, probably costing you 0.3% or more
- mhluongo 4y ago
- JCharante 4y agoIf you want to withdraw to protect yourself against binance mtgox'ing, WBTC is probably safe enough.
- TrapLord_Rhodo 4y agoBinance has DEX's, why would you trade it for WBTC -> BTC?