Metamask now supporting bitcoin? - page 2.

aTriz

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Quote from: Oshosondy on January 31, 2024, 03:42:28 AM

Metamask now supporting bitcoin or a mistake from the news? Yes there are misinformation on news sometimes.

Quote from: https://cointelegraph.com/news/visa-crypto-withdrawals-cards-145-countries

The new integration allows users to withdraw cryptocurrencies like Bitcoin directly from a wallet like MetaMask to a Visa debit card.

The last time I used Metamask, it is only supporting altcoins and not supporting bitcoin.

I do not want to download Metamask to check this which I think is a long process than asking on this forum.

It is a bit of mixture of misinformation and misunderstanding both. You did not understand the article properly. it is talking about a Visa and a Third party dapp called Transak.
That dapp will enable users to sell BTC directly for fiat via Visa card. they'll probably use Wrapped BTC for metamask. but transak itself works with multiple other wallets so it's likely to be possible to sell actual BTC too via Visa Master Card.

aylabadia05

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Quote from: Oshosondy on January 31, 2024, 03:42:28 AM

Metamask now supporting bitcoin or a mistake from the news? Yes there are misinformation on news sometimes.

Quote from: https://cointelegraph.com/news/visa-crypto-withdrawals-cards-145-countries

The new integration allows users to withdraw cryptocurrencies like Bitcoin directly from a wallet like MetaMask to a Visa debit card.

The last time I used Metamask, it is only supporting altcoins and not supporting bitcoin.

I do not want to download Metamask to check this which I think is a long process than asking on this forum.

Don't know exactly because I haven't used metamask for a long time. If we install an extension on the browser to check whether they really support Bitcoin it won't take long, but because we don't want to.
If true, metamask no longer wants to focus on altcoins alone but they want more.

Because the news is already available from Cointelegraph, for now let's just assume that the news is true if the famous metamask that only supports altcoins now supports Bitcoin.
But the news from the sources mentioned by users here indicates that the information about metamask supporting Bitcoin is not true.

rat03gopoh

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The context of the news is the Visa x Transak collaboration (on/off ramp payment widget) which in fact can be implemented into several crypto wallets that support real BTC like Ledger, Trustwallet, CB wallet, and many moer. So, the news writer just didn't choose the right sentence to give an example of a crypto and a wallet where the two aren't related.

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Quote from: Oshosondy on January 31, 2024, 03:42:28 AM

Metamask now supporting bitcoin or a mistake from the news?

This is a huge mistake from the particular blog site or maybe you have misunderstood it.

If it were actually true, we would have seen it all over the internet and on their website. Infact, that would be a catch for new customers.

I checked the Metamask website and there is no information on this.

I think this is a better explanation

Quote

Does MetaMask support Bitcoin?
MetaMask supports Bitcoin, but not in the way an exchange wallet accepts the cryptocurrency. Bitcoin is not an ERC-20 token, so the largest cryptocurrency is not accepted directly by MetaMask. However, you can get BTC into your MetaMask in a roundabout way.

That said, do not try to send Bitcoin directly to your MetaMask. If you try to do so, MetaMask will not be able to receive the token, which could lead to negative consequences. You could lose all the Bitcoin you have sent at once, which would be a terrible situation!
https://cointelegraph.com/news/how-to-store-bitcoin-on-metamask

snowpega

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Quote from: Dr.Bitcoin_Strange on January 31, 2024, 06:55:41 AM

Some months ago (early last year, I guess), there was also information stating that Metamast has allowed its customers to purchase cryptocurrencies directly on the wallet with just the use of their debit visa card. Although I did not try those features then to confirm they were working, if they were actually working back then when they released that first information, then I have nothing to be surprised about this current information about allowing users to sell their bitcoin right on the metamask. If this is actually right, then I think it's kind of safe, since a bitcoiner will not need to perform any KYC before they can sell their bitcoin. I can't assure you, but if I have too much free time, I will check this out and drop a feedback.

hmm, dear, I was not aware of this buying feature because I only open my metamask when needed otherwise I don't open on the other hand I do not read such kind of news anywhere well thanks for sharing I will check this buying feature when I have free time. I knew one thing like swapping feature like we can swap our one token to another well buying feature can be a good feature. On the other hand, I also have not faced withdrawing or buying Bitcoin from a visa card I will also have a look at this feature by doing some research Thanks OP for sharing.

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Quote from: OcTradism on January 31, 2024, 06:21:01 AM

However, if it is about wallet, if they use same BIP, they can use same word list for wallet seed and a wallet can serve for both Bitcoin and altcoin storage with same wallet seed.

It doesn't need to use same BIP, both Metamask and Trustwallet are using BIP44 which technically means Metamask can add/support Bitcoin on chain network too, just like Trustwallet.

Quote from: serjent05 on January 31, 2024, 06:32:15 AM

@OP this is just some twisted information to click bait readers.

To be fair the article you provided was posted before the Cointelegraph's article, but you're correct it just a click bait since there's nothing new in Metamask.

pakhitheboss

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Quote from: Oshosondy on January 31, 2024, 03:42:28 AM

Metamask now supporting bitcoin or a mistake from the news? Yes there are misinformation on news sometimes.
I do not want to download Metamask to check this which I think is a long process than asking on this forum.

If it is supporting Bitcoin what big difference it can make in the already competitive Bitcoin wallet market? Looking at the present condition, a Bitcoin user would like a wallet that provides privacy for transactions made through it. I do not think Metamask can come up with such kind of solution as that which is cheap. As for getting into a Bitcoin wallet is a good sign as WBTC, like tokens won't be considered as a first option for Bitcoin. Now users would be more interested in getting Bitcoin than wrapped tokens which are nothing but ERC20 tokens on the Ethereum blockchain. The same analogy would go for tokens that are on the Binance blockchain but are not original Bitcoin. I feel this is good for Bitcoin as these Bitcoin replicas will now enter a phase when they will die and diminish.

Dr.Bitcoin_Strange

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Some months ago (early last year, I guess), there was also information stating that Metamast has allowed its customers to purchase cryptocurrencies directly on the wallet with just the use of their debit visa card. Although I did not try those features then to confirm they were working, if they were actually working back then when they released that first information, then I have nothing to be surprised about this current information about allowing users to sell their bitcoin right on the metamask. If this is actually right, then I think it's kind of safe, since a bitcoiner will not need to perform any KYC before they can sell their bitcoin. I can't assure you, but if I have too much free time, I will check this out and drop a feedback.

serjent05

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I do not think that the article is talking about the native Bitcoin but rather wrapped Bitcoin. This is somehow misleading because wrapped Bitcoin is different from the network of native Bitcoin. Probably the article just use the name of Bitcoin to cater readers' attention. After all the main feature of the article is about Visa accepting "Bitcoin" (WBTC) directly from metamask.

Quote from: https://www.datawallet.com/crypto/add-bitcoin-to-metamask

Summary: MetaMask does not support the Bitcoin network directly due to compatibility issues with its Ethereum-based infrastructure. However, Bitcoin users have alternatives like Leather Wallet for managing Bitcoin and its related assets, including BTC, STX, and BRC-20 tokens.

For integrating Bitcoin into MetaMask, Wrapped Bitcoin (WBTC) offers a solution by tokenizing BTC on the Ethereum blockchain. Additionally, the development of Bitcoin-specific MetaMask Snaps could potentially expand Bitcoin's accessibility within the MetaMask ecosystem.

@OP this is just some twisted information to click bait readers.

OcTradism

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Quote from: Yaunfitda on January 31, 2024, 05:13:15 AM

Yes, I don't think that Bitcoin's blockchain is compatible with MetaMask EVM (Ethereum Virtual Machine).

Perhaps this is just a mistake, maybe what they meant is Wrapped BTC or WBTC. And any case, this just shows how poor crypto journalism is.

Bitcoin blockchain is Proof of Work, not EVM with smart contracts. Bitcoin blockchain can not interact with EVMs.

However, if it is about wallet, if they use same BIP, they can use same word list for wallet seed and a wallet can serve for both Bitcoin and altcoin storage with same wallet seed.

You can get example with Trust wallet.

However, even if you use Metamask to store Bitcoin and altcoins, you must have different wallets for different storage purpose. One wallet for Bitcoin storage and another wallet for altcoin storage.

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Quote from: Oshosondy on January 31, 2024, 03:42:28 AM

Metamask now supporting bitcoin or a mistake from the news? Yes there are misinformation on news sometimes.

Quote from: https://cointelegraph.com/news/visa-crypto-withdrawals-cards-145-countries

The new integration allows users to withdraw cryptocurrencies like Bitcoin directly from a wallet like MetaMask to a Visa debit card.

The last time I used Metamask, it is only supporting altcoins and not supporting bitcoin.

I do not want to download Metamask to check this which I think is a long process than asking on this forum.

Of course that is a misinformation, Metamask is a wallet that is only compatible with EVM, so there is no way they can support the native bitcoin network. Quoted from Datawallet, "MetaMask does not support the Bitcoin network directly due to compatibility issues with its Ethereum-based infrastructure." ^[1]

[1] https://www.datawallet.com/crypto/add-bitcoin-to-metamask#:~:text=Summary%3A%20MetaMask%20does%20not%20support,%2C%20and%20BRC%2D20%20tokens.

Yaunfitda

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Quote from: Oshosondy on January 31, 2024, 03:42:28 AM

Metamask now supporting bitcoin or a mistake from the news? Yes there are misinformation on news sometimes.

Quote from: https://cointelegraph.com/news/visa-crypto-withdrawals-cards-145-countries

The new integration allows users to withdraw cryptocurrencies like Bitcoin directly from a wallet like MetaMask to a Visa debit card.

The last time I used Metamask, it is only supporting altcoins and not supporting bitcoin.

I do not want to download Metamask to check this which I think is a long process than asking on this forum.

Yes, I don't think that Bitcoin's blockchain is compatible with MetaMask EVM (Ethereum Virtual Machine).

Perhaps this is just a mistake, maybe what they meant is Wrapped BTC or WBTC. And any case, this just shows how poor crypto journalism is.

Oshosondy

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Metamask now supporting bitcoin or a mistake from the news? Yes there are misinformation on news sometimes.

Quote from: https://cointelegraph.com/news/visa-crypto-withdrawals-cards-145-countries

The new integration allows users to withdraw cryptocurrencies like Bitcoin directly from a wallet like MetaMask to a Visa debit card.

The last time I used Metamask, it is only supporting altcoins and not supporting bitcoin.

I do not want to download Metamask to check this which I think is a long process than asking on this forum.

Topic: Metamask now supporting bitcoin? - page 2. (Read 365 times)