Bitcoin on BNB (Binance Smart) Chain

[SteveF1975]

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. 

[1714571128]

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[1714571128]

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[1714571128]

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[Orpichukwu]

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.

[BitMaxz]

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.

[Nwada001]

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.

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.

[FatFork]

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.

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.

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.

[Charles-Tim]

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.

[decodx]

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.

[FatFork]

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.

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."

Introducing the BTCB, 1:1 wrapped Bitcoin on BNB Smart Chain.

BTCB is a BEP2/BEP20 asset wrapped (pegged) on BNB Beacon Chain/BNB Smart Chain with a 1:1 peg to BTC locked on the Bitcoin blockchain.

[UchihaSarada]

Is it possible to receive Bitcoin on BNB?

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/

[philipma1957]

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.

[LoyceV]

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.

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.

[seek3r]

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.

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.

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!

[LoyceV]

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!

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.

[_act_]

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 worth 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.

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.

[seek3r]

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.

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. 

[FatFork]

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

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. 

[LoyceV]

I would buy into that. 

That proves you missed my point

[dkbit98]

Hi
Is it possible to receive Bitcoin on BNB?

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.

[Agbamoni]

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.

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.

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

 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.

[SteveF1975]

The TXID is below.0xef022155a737d8c4bfd8849d83eadbf9ddeeea8edf8da1b2389f66f1d94f0f27