Quote from: Cookdata on November 01, 2023, 08:07:00 PM

Quote from: SteveF1975 on October 22, 2023, 10:03:15 PM

Hi
Is it possible to receive Bitcoin on BNB?

Yes, they do and not only Binance smart chain, you can receive them on any other blockchain that support it. I think Tron chain support it, ethereum support it, Solana support it and even Matic chain support bitcoin. However, they are not native bitcoin, they are tokens mint on chains to mimic the characteristics or bitcoin and they are redeemable to real bitcoin, for every mint toke of btc on the chain, there is equivalent real bitcoin locked on the protocol where the coin can be convert between the real bitcoin and the btc token(fake bitcoin).

I would had prefers you started your statement with a NO because you can't receive Bitcoin on those other Blockchain so newbie reading your reply don't misunderstand it. Just as you later said what they're receiving isn't Bitcoin. Anything that isn't sent on the Bitcoin blockchain isn't Bitcoin but a tokenized version of Bitcoin on whatever Blockchain they're operating on. I don't support using this tokens because they're inflating the supply of Bitcoin as there's no way to verify if they're really backed by a real Bitcoin. Binance or other exchange can just come up with a token called Bitcoin with any supply and be trading it on their exchange but there's no proof that they hold that same nnumber of real Bitcoin so we shouldn't believe them. Beside those tokenizing Bitcoin are looking for activities on their blockchain to help promote it and it does no benefits to the main Bitcoin.

Quote from: dansus021 on Today at 02:07:33 AM

Quote from: SteveF1975 on October 31, 2023, 10:13:32 PM

The TXID is below.0xef022155a737d8c4bfd8849d83eadbf9ddeeea8edf8da1b2389f66f1d94f0f27

Just checked this is not Bitcoin from the Binance Version, Total Transfer is 570 with a holder of 300 addresses this is definitely a scam token. Beware dont approve any contract with this token.

This is why we shouldn't be dealing with anything called Bitcoin that isn't on the Bitcoin blockchain, scammers can name any token Bitcoin and use them in defraud their victim as they have done to this user. This should serve as a warning, don't even accept to deal them as they can stopped been pegged to Bitcoin at any moment but the real Bitcoin will always be Bitcoin. If you're transacting with those pegged/tokenized Bitcoin just know you're not operating with the real Bitcoin but an altcoin so you'll be expectant of anything that happens.