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Topic: Bitcoin on BNB (Binance Smart) Chain - page 2. (Read 329 times)

legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
October 22, 2023, 06:40:00 PM
#6
No, it's not possible to directly receive Bitcoin on a Binance Coin (BNB) address. You can, however, receive something called "Wrapped Bitcoin", but it is not Bitcoin.
I do not think OP is referring to wBTC which is existing as an ERC20 token and maybe on other network, but I do not think it is existing as a BEP20 token. What could have confused OP is sending pegged coin (altcoins that novice called bitcoin) on Binance network (BSC or BEP2) which could be confusing and thought to be bitcoin. On wallet that support such altcoin, it is called BTCB.
legendary
Activity: 1820
Merit: 2700
Crypto Swap Exchange
October 22, 2023, 05:41:41 PM
#5
Hi
Is it possible to receive Bitcoin on BNB?

No, it's not possible to directly receive Bitcoin on a Binance Coin (BNB) address. You can, however, receive something called "Wrapped Bitcoin", but it is not Bitcoin.
If you want to receive Bitcoin, you'll need a Bitcoin wallet on the Bitcoin blockchain.

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I received the transaction and I have checked the TX on a number of Blockchain sites and it appears to be a genuine Transaction Hash but I am unable to access the BTC coins, I am assuming that is because it is on the wrong network.

If the transaction appears confirmed on legitimate blockchain explorers, then it is most likely genuine. However, this also depends on which network you check using the blockchain explorer and whether it matches the network on which you expect a transaction.

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Is there a way of checking if the transaction is real other than the Transaction Hash.

It shows on Bitcoinchair, BscScan, OKX.com,BSC Trace but not on other Blockchain sites.

Generally, the transaction hash (TXID) is all you need to verify the transaction. What do you mean by "other Blockchain sites"? Give a specific example.
hero member
Activity: 798
Merit: 702
October 22, 2023, 05:40:56 PM
#4
Hi
Is it possible to receive Bitcoin on BNB?

This depends on what you really mean by BTC on the BNB network; maybe you mean this BEP-20 BTC If that's what you mean, then it's not BTC; rather, it's referred to as BTCB, which means bitcoin on Binancechain. That's a pegged token and not really BTC, if I get you correctly if that’s what you mean then you can receive it on BNB network.

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I received the transaction and I have checked the TX on a number of Blockchain sites and it appears to be a genuine Transaction Hash but I am unable to access the BTC coins, I am assuming that is because it is on the wrong network.
Where did you receive the transaction, and who gave you the TX? Maybe you can share more details to enable us to determine what you mean by details. If you can see a transaction on the blockchain, it means the transaction is confirmed and legit, but it doesn't guarantee the guarantee of that coin or token. Providing the OP with more information can help users verify more of what you are talking about.
legendary
Activity: 3472
Merit: 3217
Playbet.io - Crypto Casino and Sportsbook
October 22, 2023, 05:21:32 PM
#3
What wallet did you use to receive BTC on the Binance chain?
If they sent you BTC to your exchange account then you should be able to withdraw it from the exchange wallet into your mainnet wallet.
But if they sent this BTC from the Binance chain to your Bitcoin mainnet wallet then you won't be able to see this transaction in your wallet because it doesn't support the Bnb chain.

You can maybe able to see the transaction once you export the private key from the mainnet wallet and import it to Metamask and switch to the Binance smart chain.

Why not share the hash here so that we can check if the hash is legit? Only share it if you aren't concerned about your privacy.
sr. member
Activity: 686
Merit: 398
October 22, 2023, 05:04:24 PM
#2
It’s very much possible to receive an altcoin called BTC on the BEP-20  network.

The Bitcoin blockchain is not compatible with those altcoin smart contracts; the coin you receive on your BSC or any other blockchain is an altcoin that is believed to be pegged with bitcoin, and its price is equal to that of bitcoin on most exchanges, and they are believed to have a cheaper transaction fee.
 
But they are not really bitcoin; they can be depegged anytime, and they won't have values like other shitcoins out there.
 
For security reasons always take bitcoin which is on bitcoin network and don't get deceived by those Altcoins, the developer just need your real bitcoin and give you their own produce.
newbie
Activity: 4
Merit: 4
October 22, 2023, 05:03:15 PM
#1
Hi
Is it possible to receive Bitcoin on BNB?

I received the transaction and I have checked the TX on a number of Blockchain sites and it appears to be a genuine Transaction Hash but I am unable to access the BTC coins, I am assuming that is because it is on the wrong network.

I am not that experienced with Crypto, hence why I am on this Forum.

Is there a way of checking if the transaction is real other than the Transaction Hash.

It shows on Bitcoinchair, BscScan, OKX.com,BSC Trace but not on other Blockchain sites.

Any help would be greatly appreciated. 
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