Exchange Review

How to add Bitcoin to Metamask

Summary: The Bitcoin network cannot be added to a Metamask wallet because the blockchain is not supported by Metamask. Bitcoin users will need to download a BTC Wallet like the Wallet of Satoshi that supports the Bitcoin Lightning Network.

Austin Barwick
August 13, 2022

In this guide, we outline the safest and easiest way to start using the Bitcoin Lightning Network using a trusted BTC wallet. Get started in minutes with our comprehensive guide on how to add Bitcoin and the Lightning Network to your Metamask or alternative Web 3 wallet.

Table of Contents

Can I add Bitcoin to Metamask?

Metamask does not support native Bitcoin or the Lightning Network through their Web 3 wallet. The only kind of Bitcoin users can acquire on Metamask is Wrapped Bitcoin or WBTC, which is an Ethereum token that is pegged and backed 1:1 with Bitcoin.

Metamask only supports Ethereum Virtual Machine (EVM) compatible networks, which means WBTC is the only way to get exposure to BTC with a Metamask wallet.

How to buy Wrapped Bitcoin (WBTC) and send to Metamask

If you are looking to get Bitcoin on your Metamask wallet, the easiest way is to buy WBTC from a centralised exchange like CoinSpot. Once you purchase WBTC on a centralised platform, you can send it to your Metamask wallet address and start using it in DeFi to earn yield.

WBTC CoinSpot to Metamask

You can get started with this simple guide:

  1. Create Account: Sign up to the CoinSpot exchange and verify your identity.
  2. Deposit AUD: Deposit AUD via Bank Transfer, POLi, PayID, Cash or another method.
  3. Find WBTC: Search for WBTC in CoinSpot's token list.
  4. Execute WBTC buy: Input the amount of AUD you want to buy in WBTC and execute your trade.
  5. Withdraw WBTC: Find your WBTC wallet in the CoinSpot app and withdraw the WBTC to your Metamask deposit address.

Alternative Wallet for Bitcoin

The best Metamask alternative wallet for Bitcoin is the Wallet of Satoshi. This wallet app is available on iOS and Android Wallets and is compatible with the Lightning Network. This means you can buy, sell, store and send Bitcoin for a low cost with Wallet of Satoshi thanks to Lightning Networks' peer-to-peer channels.

BTC/WBTC Conversion Rate

The chart below is the live conversion rate between BTC and WBTC.

Visit CoinSpot

Author Bio

Austin is a NFT and Metaverse maniac - with over 20% of his portfolio invested into the space. He is our resident multi-chain NFT expert.

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