Can I buy Bitcoin with Metamask?
You can buy 'Wrapped' versions of Bitcoin with Metamask on any available chain like Ethereum, Avalanche, Fantom, Harmony, and others. You cannot buy normal Bitcoin (BTC) because the token format is different and cannot be ported to the Ethereum Virtual Machine (EVM) infrastructure.
With that said, WBTC, renBTC and other forms of Wrapped Bitcoin are secure and are pegged to the price of Bitcoin. Another great bonus is that you can you lending platforms like AAVE to deposit WBTC and earn interest.
How to buy Wrapped Bitcoin on Metamask
Buying WBTC on your Metamask Wallet is easy and can be done in three simple steps.
Step One: Buy Ethereum (ETH) from a centralized exchange and send it to your Metamask Wallet
Step Two: Visit a trusted decentralized exchange like Uniswap to convert your ETH for WBTC.
Step Three: Input the amount of ETH you want to swap for WBTC and select 'Swap'.
Step Four: After selecting 'Swap' you will then be shown a confirmation of your transaction. Make sure all of the details for the ETH to WBTC swap are correct and finalize the trade.
After this is complete, you will have the WBTC in your Metamask wallet. This guide can be replicated across any EVM chain like Avalanche (AVAX). On that platform, you would visit a DEX like Trader Joe and swap ETH or AVAX for WBTC.e.
How to add Wrapped Bitcoin to Metamask
In order to add Wrapped Bitcoin to your Metamask Wallet, you will need to click the 'Import Tokens' button at the bottom of your Metamask chrome extension. From there, simply type in 'WBTC' as shown below and click through until it appears in your wallet.
The contract address for Wrapped Bitcoin (WBTC) is: 0x2260FAC5E5542a773Aa44fBCfeDf7C193bc2C599
Can I add the Bitcoin Network to Metamask?
You cannot add the Bitcoin network to your Metamask wallet because it is not Ethereum Virtual Machine (EVM) compatible. There is no way to bridge Bitcoins from the BTC network (or lightning network) to an EVM chain like Ethereum, Avalanche or Optimism.
Can Metamask hold Bitcoins?
Metamask cannot hold native Bitcoin (BTC), only wrapped Bitcoins like WBTC, renBTC, WBTC.e, aBTC and others.