Post
Topic
Board Trading Discussion
Re: Is it possible to bridge BTC onchain to ETH ?
by
BlackBoss_
on 11/09/2023, 01:19:58 UTC
So wondering if there are any services out there or so called bridges that make this possible?
Cryptocurrency bridges are not good enough in their security and many bridges were hacked. They are vulnerable to hacks and I won't take risk with cryptocurrency bridges if I have other options.

Have you thought about using CEXes instead of Bridges? You could just deposit your BTC, and then on the withdrawal process, you can choose the network you want to withdraw your WBTC to.
I agree with you on this method that is less risky than using cryptocurrency bridges. Using centralized exchanges have risk too but we can avoid KYC by choosing non KYC centralized exchanges to use. Deposit and withdraw, don't store money on their exchanges longer than needed.

Current list of exchanges without KYC

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I obviously wouldn't recommend storing WBTC for the long term though.
Wrapped tokens like WBTC can depeg.