How does Metamask store and hold BTC?

3 answers

• Dec 17, 2021 · 3 years ago
  Metamask does not directly store or hold Bitcoin (BTC) or any other cryptocurrency. It is primarily an Ethereum wallet that allows users to manage their Ethereum-based assets. However, there are third-party integrations available that allow users to interact with Bitcoin and other cryptocurrencies within the Metamask interface. These integrations utilize decentralized exchanges or other protocols to facilitate the storage and trading of Bitcoin through Metamask. It's important to note that the actual storage and custody of Bitcoin is handled by these third-party services, not Metamask itself.
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• Dec 17, 2021 · 3 years ago
  Metamask is not designed to store or hold Bitcoin (BTC). It is primarily focused on Ethereum and ERC-20 tokens. If you're looking to store and hold Bitcoin, it's recommended to use a dedicated Bitcoin wallet or a hardware wallet that supports Bitcoin storage. Metamask can still be used to interact with decentralized applications (dApps) that utilize Bitcoin, but the actual storage and custody of Bitcoin will be handled by a separate wallet or service.
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• Dec 17, 2021 · 3 years ago
  As an expert from BYDFi, I can tell you that Metamask is primarily an Ethereum wallet and does not directly store or hold Bitcoin (BTC). However, there are decentralized exchanges and protocols that integrate with Metamask, allowing users to trade and interact with Bitcoin and other cryptocurrencies. These integrations utilize smart contracts and other mechanisms to facilitate the storage and trading of Bitcoin through Metamask. It's important to do your own research and choose a reputable third-party service for storing and holding Bitcoin securely.
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