how to add Bitcoin BEP2 to Coinbase wallet 2024
To add Bitcoin BEP2 (BTCB) to your Coinbase Wallet, follow these steps:
What Is Bitcoin BEP2?
Bitcoin BEP2 (BTCB) is a tokenized representation of Bitcoin (BTC) on the Binance Smart Chain (BSC) using the BEP2 standard. It allows Bitcoin holders to access decentralized finance (DeFi) applications and smart contracts on the Binance Smart Chain ecosystem while retaining exposure to Bitcoin's price.
How to Add Bitcoin BEP2 to Your Coinbase Wallet
- Ensure Your Coinbase Wallet App Is Updated: Make sure you have the latest version of the Coinbase Wallet app installed on your device.
- Open Your Coinbase Wallet App: Launch the Coinbase Wallet app on your device.
- Go to the 'Receive' Section: Navigate to the 'Receive' section within the app.
- Search for Bitcoin BEP2: Use the search function to look for Bitcoin BEP2 or BTCB.
- Select Bitcoin BEP2 (BTCB): If Bitcoin BEP2 is supported, it will appear in the search results. Select it to access your BTCB wallet address or QR code.
- Copy Your Bitcoin BEP2 Wallet Address: Copy the wallet address provided or use the QR code for transactions.
- Transfer Bitcoin BEP2 to Your Wallet: Use the copied address or QR code to transfer BTCB from another wallet or exchange. Ensure you are sending it to the correct network.
- Wait for Confirmation: Wait for the transaction to be confirmed on the Binance Smart Chain.
- Verify Your Bitcoin BEP2 Balance: Once the transaction is confirmed, you should see your BTCB balance reflected in your Coinbase Wallet.
Conclusion
Adding Bitcoin BEP2 (BTCB) to your Coinbase Wallet allows you to access decentralized finance (DeFi) applications and smart contracts on the Binance Smart Chain using your Bitcoin holdings. By following the steps outlined above, you can seamlessly integrate BTCB into your Coinbase Wallet and explore the possibilities of DeFi on BSC.