Topic: Bitcoin on BNB (Binance Smart) Chain (Read 322 times)

Yes, nowadays there are a lot of wrapped versions of Bitcoin in any chain that are EVM compatible. Sometimes other Defi App creating their own version of wrapped version of bitcoin for staking and farming.

But like you said it is carrying high risk, If you guys remembered the tera luna collapse I think this could happen when they creating of wrapped version of bitcoin

I would had prefers you started your statement with a NO because you can't receive Bitcoin on those other Blockchain so newbie reading your reply don't misunderstand it. Just as you later said what they're receiving isn't Bitcoin. Anything that isn't sent on the Bitcoin blockchain isn't Bitcoin but a tokenized version of Bitcoin on whatever Blockchain they're operating on. I don't support using this tokens because they're inflating the supply of Bitcoin as there's no way to verify if they're really backed by a real Bitcoin. Binance or other exchange can just come up with a token called Bitcoin with any supply and be trading it on their exchange but there's no proof that they hold that same nnumber of real Bitcoin so we shouldn't believe them. Beside those tokenizing Bitcoin are looking for activities on their blockchain to help promote it and it does no benefits to the main Bitcoin.


This is why we shouldn't be dealing with anything called Bitcoin that isn't on the Bitcoin blockchain, scammers can name any token Bitcoin and use them in defraud their victim as they have done to this user. This should serve as a warning, don't even accept to deal them as they can stopped been pegged to Bitcoin at any moment but the real Bitcoin will always be Bitcoin. If you're transacting with those pegged/tokenized Bitcoin just know you're not operating with the real Bitcoin but an altcoin so you'll be expectant of anything that happens.

Just checked this is not Bitcoin from the Binance Version, Total Transfer is 570 with a holder of 300 addresses this is definitely a scam token. Beware dont approve any contract with this token.

Yes, they do and not only Binance smart chain, you can receive them on any other blockchain that support it. I think Tron chain support it, ethereum support it, Solana support it and even Matic chain support bitcoin. However, they are not native bitcoin, they are tokens mint on chains to mimic the characteristics or bitcoin and they are redeemable to real bitcoin, for every mint toke of btc on the chain, there is equivalent real bitcoin locked on the protocol where the coin can be convert between the real bitcoin and the btc token(fake bitcoin).


You have been scammed and that's it.

Here is your transaction from the hash link u drop from your transaction: https://bscscan.com/tx/0xef022155a737d8c4bfd8849d83eadbf9ddeeea8edf8da1b2389f66f1d94f0f27
It appears that you think you are receiving bitcoin from another chain but then again, you ended up with the wrong one because the smart contract is fake, that's not the approved smart chain on the bsc chain.
Look at the transaction screenshot. That'd a fake bitcoin

This is the fake bsc20 bitcoin you receive.





Now this is the real bitcoin you were supposed to receive, you can see that it's even verified with a badge, you can see it clearly from bsc scan.

I'm sorry to say but you have been scammed.

BTC can be found on Bep20 platform but as AltCoin on Peg platform. But there should not be stagnation and the possibility of loss to the holders will be very high. Transactions here are very low on fees. Many people here make the mistake of investing in new situations, even though newbies don't have the ability to judge (less) so should invest with due diligence. Although they look similar to Bitcoin, they are not actually Bitcoins, they are better known as Altcoins.

Move quickly to Bitcoin for safety. Because other Altcoin genres are more likely to be scammed.  Use Bitcoin to be successful.

I do not think that this one is the one known as Binance-Peg BTCB Token (BTCB) since the Binance-Peg BTCB Token (BTCB) token contract is 0x7130d2A12B9BCbFAe4f2634d864A1Ee1Ce3Ead9c  while the BTC sent to your BEP20 address is 0x63af599cd4837e56526f3C2C57dF5251a80715b2  which has 50,000,000,000 supply

So I guess you received spam token more or less.

If you wanted to access the sent BEP20 BTC, and has the address on your metamask, you can add the token by simply following the this instruction: https://www.coingecko.com/learn/how-to-add-binance-smart-chain-bsc-to-metamask, if that is a spam token used to hijack bep20 address, be mindful that accessing its website may incur losses of your fund.

The TXID is below.0xef022155a737d8c4bfd8849d83eadbf9ddeeea8edf8da1b2389f66f1d94f0f27

OP am certain that this is some random coin that is being sent to your wallet. This is a sign of a BTC scam attack, and you should not interact with them or try to sell them. Good thing you asked for opinion on the forum. Just leave them there, because BTC and BNB has two different chains there is no way a Bitcoin transaction can be made in Binance Smart Chain.


 Yes, you can use a token analyzer to see if something is a likely scam or not using https://bscheck.eu. Just add the token address and scan to see for yourself. It was very helpful to me after i fell for a scam at a certain time.

Don't use any fake bitcoin tokens on shitcoin blockchains, especially don't use anything longterm on binance chain.
They already canceled their stable token busd, and I wouldn't be surprised if they shutdown bnb and all other tokens on that network in future.
Most if not all shitcoin blockchains like this are centralized, and they can freeze all tokens, including fake bitcoin on bnb, and manipulate price.

That proves you missed my point

Not a bad idea at all! As far as I'm concerned, you have more street cred than CZ. No joke. I would buy into that. 

This coin is the biggest scam. Pretty impressive how much work goes into market manipulation here. There really doesn't seem to be any choice.

Respect that they managed to reduce the BNB relatively little during the bear market. To me it just proves even more that Binance holds most of the supply themselves and can control the price as they want.
Hopefully no customer funds are embezzled in this case. 

CZ centralized stable coin BUSD is coming to an end after Paxos no longer mind it. It is now remaining the BNB which may last but yes it is centralized. Don't you know the reason CZ come to crypto space? He has no other reason than to make money from people and he knows that most people are foolish to like centralized means.

I should start selling Loycified Bitcoins, they're worth 1 LB = 1 BTC! I'll hide behind a shell company on the Cayman Islands, and if I disappear, well, let's say I trust myself more than I trust Binance

Don't forget they're also using this to hype their centralized made-up shitcoin that's now "worth" $33,316,312,875. In the real world that's enough money to produce 1,000,000 very nice cars, but in crypto, it's just a bubble running on one centralized server.

Sooner or later, people regret their trust into Binance. There are simply far too many red flags for that.
There are a lot of similarities to an exchange that no longer exists and has dragged many customers with em 

You and @FatFork pointed it out. Even if its called Wrapped Bitcoin - it has nothing to do with Bitcoin itself. Quite the opposite: The reason why Bitcoin came into existence is violated here...
Decentralization - hm...not on that chain!

This can't be emphasized enough! Binance has their own agenda to make themselves rich, and it has nothing to do with anything Bitcoin stands for. Be your own bank, keep your own private keys, and don't rely on any third parties!

Binance tries really hard to make their customers believe their made-up tokens are Bitcoin. They'll also scam you for BS reasons when it's convenient for them. It's amazing people still use and even trust this website.

I guess the op gave up 🆙

He has not replied to us and only did 1 post.

At op the truth is we are not sure what you did if you show us a tx id we may be able to figure out what is up.

It is possible you may be afraid or want privacy which I respect .

Het back to us with a tx id or tell us you want to remain private.

Bitcoin, BTC, BTC, is on Bitcoin blockchain and you send it on-chain with Bitcoin blockchain. Alternatively you can send and receive it through Bitcoin Lightning Network but it is off-chain.

BNB is a native cryptocurrency of Binance Smart Chain. BNB is different than Binance Smart Chain (BSC) as a first one is a cryptocurrency and a second one is a blockchain.

On Binance Smart Chain (and other altcoin blockchains), you will see some Bitcoin Wrapped tokens but they are not Bitcoin. What you send and receive is Wrapped Bitcoin tokens, not Bitcoin. Those tokens might does not worth any value if their pegs lost.

https://coinmarketcap.com/view/wrapped-tokens/

Yes, that's what I meant – BTCB tokens.

I know that "wrapped Bitcoin" generally refers to WBTC (ERC20), but Binance also refers to the BTCB token as "wrapped Bitcoin."

OP, Can you post the transaction here? If the coins are on that BSC network, they aren't real Bitcoins and  you'll probably need to use some kinda exchange or bridge to change them back to real Bitcoin. 

Those smart chain coins are different even though they call it Bitcoin too.  Its confusing, I know! But if you dig into the transaction details we can hopefully figure out what's going on and how to get your real Bitcoins.

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.

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.


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.


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.

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.

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.

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.

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.

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.