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How to exchange Binance's BTCB to the wallet for using
How to convert BTC to BTCB
BTCB is actually converted into coin safety smart chain format through coin safety bridge when coin safety exchange withdraws BTC. First of all, we need a decentralized wallet that supports BTCB smart chain. If you do not have Binance smart chain wallet, Can create a wallet download address in TokenPocket for free. When creating, select the bottom layer of Binance smart chain, set the password, then save，and fill in the mnemonic words in order.
After the wallet is created, click Receipt to be the receiving address of the Binance Smart Chain. Fill in the address when withdrawing BTC on the Binance Exchange. The main network selects the second BSC Smart Chain.
After the withdrawal is successful, if the wallet does not see BTCB, you can manually add the BTCB asset, click the "+" button on the asset page, and add BTCB to display it.
How do I use BTCB
When the price of BTC we hold rises and generates more benefits, can participate in the DEFI project on BSC to gain more benefits. Of course, we need to pay attention to the risks brought by BTCB's participation in the DEFI financial market, which mainly comes from the liquidity of currency price.
Currently BTCB can be used with many DeFi dApps, for example:
Loans: CREAM, ForTube
Revenue Farm: Fry. World
Mobile mining: Bakery, Pancake, BurgerSwap, Spartan
All of the above can be participated in the search of TokenPocket's discovery interface.
For some of the DeFi tutorials, check out the DeFi feature article in the TokenPocket Knowledge Base Currently, there are about 2,000 Bitcoins in circulation on Binance's Smart Chain, and its growth is guaranteed due to the growing demand. To hold BTC and participate in DEFI Financial Markets, try BTCB!
This tutorial is only for the DApp in the wallet side of the operation guide, does not represent the investment advice of TokenPocket. Investing involves risks, you should be fully aware of the risks and make your own investment decisions.