Metamask now supporting bitcoin? | Bitcointalksearch.org

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Quote from: peter0425 on February 05, 2024, 02:34:20 AM

Quote from: Ben Barubal on January 31, 2024, 10:20:27 PM

I did read something like that that there is a Bitcoin deposit and withdrawal in Metamask, but I have not tried to do that. I'm not comfortable, and I don't have confidence. There are really different wallets that are really for Bitcoin, like Electrum, Exodus, and others.

Yeah and why do we need to risk when there are dedicated wallet for bitcoin ? for me this is experimental and may cause you losing funds ,
why need to use metamask when there are several best bitcoin wallet that we have been using over the years now.

Quote

Then often having issues with metamasks is quite dangerous for me, and I also think that no bitcoin holders have tried that in my opinion on that matter that you are saying.

That is also correct , and for me this sounds a trap because of the issues metamask have been facing about their wallet , I have stopped using them back in the years.

Yes, it appears that people are apprehensive about risking their Bitcoin by sending it through Metamask. There has been a discussion around the possibility of it being an error, as the information provided suggests that the EVM of Metamask is not compatible with Bitcoin. To prevent the risk of losing funds, it would be wiser to wait for an official announcement regarding this matter.

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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.

What can you expect when those who are reposting on crypto news actually do not understand cryptocurrency in the first place? This can be easily rectified if the author is really into Bitcoin and the alts and the things in between including wallet matters. Anyway, maybe the point is that there are now people who are looking forward to see BTC supported by Metamask...but is that even remotely possible?

peter0425

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Quote from: Ben Barubal on January 31, 2024, 10:20:27 PM

I did read something like that that there is a Bitcoin deposit and withdrawal in Metamask, but I have not tried to do that. I'm not comfortable, and I don't have confidence. There are really different wallets that are really for Bitcoin, like Electrum, Exodus, and others.

Yeah and why do we need to risk when there are dedicated wallet for bitcoin ? for me this is experimental and may cause you losing funds ,
why need to use metamask when there are several best bitcoin wallet that we have been using over the years now.

Quote

Then often having issues with metamasks is quite dangerous for me, and I also think that no bitcoin holders have tried that in my opinion on that matter that you are saying.

That is also correct , and for me this sounds a trap because of the issues metamask have been facing about their wallet , I have stopped using them back in the years.

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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.

The others have said it already, that Metamask's EVM isn't compatible with Bitcoin's model of Proof of Work so I don't think that it's a real thing unless of course Metamask themselves decides to say that they're doing it which I don't think is going to happen anytime soon, they're mostly used for altcoins. I do wish that they have that too but not everything that we say will be willed into existence or that it makes sense.

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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.

Crypto journalism isn't "poor". It just relies on clickbait. Nobody would pay attention to any news about Metamask accepting some shitcoin/token, that is pegged to Bitcoin. Everyone in the crypto world would pay attention to the "Metamask now supporting Bitcoin!" news.
I would never use Metamask, even if they somehow started supporting actual Bitcoins. Metamask doesn't seem like a secure wallet to me.
There are even "Metamask drainer" software programs that are being promoted over the darkweb. I don't want any hacker to drain my Metamask wallet out of nowhere.

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Quote from: Hypnosis00 on February 01, 2024, 06:51:59 AM

Just opened the Metamask already and nothing has changed, it still does not support Bitcoin but just altcoins. If that news is not made by mistake, it is probably fake news from the wrong site because I'm sure the author must know it before publishing.

Well, we're not sure about the upcoming events and the plan of Metamask but just visiting the site, I can't find BTC there.
I'm not hoping they will support Bitcoin but if they did it, then much better. Besides, it was for the good of everybody, similar to what exchanges did where BTC and Altcoins were accepted.

There is a new feature called Metamask Snaps which are basically just web apps that you can connect Metamask to for some extended functionality. One of these Snaps is Shapeshift Multichain which allows you to manage your BTC, LTC, and DOGE keys with Metamask while using Shapeshift's web app as an interface. Using Metamask is supposed to be more secure than just using a plain web app without any external device or application managing your keys but it's still not something which should be trusted with any significant amount of Bitcoin.

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Quote from: Hypnosis00 on February 01, 2024, 06:51:59 AM

If that news is not made by mistake, it is probably fake news from the wrong site because I'm sure the author must know it before publishing.

It's not fake, as I said before, this news does not highlight the functionality of a wallet. If the author had taken the example of TrustWallet instead of Metamask, it might have been somewhat relevant. I checked my TW recently, the Transak widget is really integrated to exchange fiat to btc (and vice versa) directly in the wallet with visa cards.
And in fact, Transak is not an exclusive service. There are several similar payment processing brands before such as Moonpay, Mercuryo, Banxa, etc.

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Just opened the Metamask already and nothing has changed, it still does not support Bitcoin but just altcoins. If that news is not made by mistake, it is probably fake news from the wrong site because I'm sure the author must know it before publishing.

Well, we're not sure about the upcoming events and the plan of Metamask but just visiting the site, I can't find BTC there.
I'm not hoping they will support Bitcoin but if they did it, then much better. Besides, it was for the good of everybody, similar to what exchanges did where BTC and Altcoins were accepted.

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Quote from: Taskford on February 01, 2024, 01:52:34 AM

For convenient reasons would rather choose other wallet that support bitcoin already rather than spend sometime doing something just to add bitcoin on their list. But anyways its up for people if they would try this one.

I would choose a wallet with long history of their wallet product to store Bitcoin than jump to a new one.

Metamask is not a new wallet and I use it for my altcoin storage, for swapping with DEX but I will not use it for storing Bitcoin. Because I don't know their security for a new product and it will be tested by time but I never want to be a tester.

With Bitcoin, I use Electrum wallet and sometimes use my account on centralized exchange when I need to take profit. Take profit can be done immediately if price is good or if I want to speculate and deposit first to wait for good price, it will take me sometimes and I have to store my bitcoin on CEX.

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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.

I think it doesn't support Bitcoin maybe due compatibility issue on ETH network

But they have some article regarding on this but I never try to do it since there's so many bitcoin wallet available around and didn't bother to use Metamask for bitcoin storing if possible or anything.

Also already read the article provided by @Uhwuchukwu53 and people could try that if they want to use Metamask as their alternative wallet.

For convenient reasons would rather choose other wallet that support bitcoin already rather than spend sometime doing something just to add bitcoin on their list. But anyways its up for people if they would try this one.

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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.

Metamusk not build such technology that can support orginal bitcoin chain but it can support btc on BNB or ETH chain which consider as a altcoins. that bitcoin is not orginal and no one can guarantee you that btc can't scam like orginal btc. so this news is not very attractive for us. so Electrum as a software wallet and another hardware wallet is always better for bitcoin holding and transaction

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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.

The information from the things I have read show that it did not support . If there is any plan They are craving for such, it's is what I can't tell for now. You can still check the source where you got the information for more details because I don't think if it support. The this link can still clarify you.https://www.datawallet.com/crypto/add-bitcoin-to-metamask#:~:text=Summary%3A%20MetaMask%20does%20not%20support,%2C%20and%20BRC%2D20%20tokens.

Ben Barubal

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I did read something like that that there is a Bitcoin deposit and withdrawal in Metamask, but I have not tried to do that. I'm not comfortable, and I don't have confidence. There are really different wallets that are really for Bitcoin, like Electrum, Exodus, and others.

Then often having issues with metamasks is quite dangerous for me, and I also think that no bitcoin holders have tried that in my opinion on that matter that you are saying.

SeriouslyGiveaway

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I also haven't seen Bitcoin's network on Metamask. But sooner or later in the future, I believe Metamask or other wallets like Rabby will also update the Bitcoin network. Previously, Bitcoin was mainly used for the purpose of storing and transferring money, there were no applications used on the Bitcoin network. But recently, with the explosion of Ordinals and NFTs on the Bitcoin network, in the future user needs will need wallets that support the use of the Bitcoin network like other networks such as EVM or non-EVM, so Bitcoin's official network update wallets is just a matter of time.

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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 could be that with rapid developments like the present time it is very possible sir. I also have not confirmed it from what is happening at this time, but seeing the current technological developments I believe that it is possible, because Metamask is also definitely trying hard to make it easier for its users to transact with it. So basically they as providers strive to make it easier for their users to be comfortable, safe, easy, and things related to their users' wishes. And of course it will also be very profitable for related provider companies.

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It's most likely another chain and we typically see the wrapped versions that we can find in many chains like ETH(ERC20), BNB(BEP20) and so on, etc.
This is the 2nd time or many times already that cointelegraph has done this right? They're no longer reliable and don't verify the news that they're going to spread.
They need more copywriters than publishers.

buwaytress

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To be accurate, no. MetaMask doesn't support Bitcoin. All the responses above explain why. But, to be fair, many platforms who say they now "support" Bitcoin, don't do so directly.

Many merchants "supporting" Bitcoin actually only accept Bitcoin through a 3rd party (you send this party Bitcoin and they settle your payment with the merchant) or don't even actually deal in Bitcoin. PayPal famously supported Bitcoin buys for US people some time back, but you really were just paying them to display a Bitcoin balance on their account. Couldn't withdraw it to a Bitcoin wallet. I could simply say I support Japanese yen and allow people to pay Yen at my site, via a 3rd party settler, but doesn't need me to actually network with any Japanese currency channels.

So we don't forget. Wrapped Bitcoin, renBTC, tBTC, sBTC and all their ilk on Ethereum or EVM chains? These are NOT Bitcoin.

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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.

Metamask is an EVM-compatible wallet only, I haven't heard of or experienced the direct Non-EVM chains' integration with Metamask. There's a possible way to use the same phase to access every chain using the snaps, where the address varies from chain to chain as per requirement but the master key & recovery phases remain the same, and to check the updates regarding the assets you need always go through those snaps.

Snap is a third party, so to me, it's really unreliable. But as far as OP is mentioning the latest news lets checkout what's happening.

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Quote from: Husires on January 31, 2024, 09:00:10 AM

cointelegraph needs someone to review their articles, some of their articles are published without checking their accuracy or by people who have limited knowledge of cryptocurrencies even though we can consider it a site specialized in cryptocurrencies news.
Wrapped BTC is an altcoin and cannot be considered Bitcoin and MetaMask does not support Layer 2 solutions so they do not accept Bitcoin in any form.

As long as they didn't lose traffics, why they need it? as you can see there are many stupid people (see there are more thumbs up than thumbs down), the journalist need to publish articles using a keyword to increase their SEO, that's why they choose Bitcoin over Wrapped Bitcoin, Metamask over Transak.

The solution is stop to read cointelegraph, but I doubt we or users in this forum will give significant effect to them.

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cointelegraph needs someone to review their articles, some of their articles are published without checking their accuracy or by people who have limited knowledge of cryptocurrencies even though we can consider it a site specialized in cryptocurrencies news.
Wrapped BTC is an altcoin and cannot be considered Bitcoin and MetaMask does not support Layer 2 solutions so they do not accept Bitcoin in any form.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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? (Read 365 times)