can i send bitcoin from ERC20 chain?
- Thread starter MIRANTHA
- Start date
- Jun 16, 2020
- 2,023
- 1,549
ERC20 is a token send through the Ethereum blockchain.
Huobi creates an Ethereum token hBTC for each BTC you add to their account. This means that 1 BTC = 1 hBTC if everything goes as planned. You can send the hBTC to any person on Ethereum. If he wants to get BTC, he will have to go to huobi and convert back.
The fees are lower because Ethereum is cheaper to use than Bitcoin.
Huobi creates an Ethereum token hBTC for each BTC you add to their account. This means that 1 BTC = 1 hBTC if everything goes as planned. You can send the hBTC to any person on Ethereum. If he wants to get BTC, he will have to go to huobi and convert back.
The fees are lower because Ethereum is cheaper to use than Bitcoin.
- Sep 10, 2010
- 11,378
- 24,272
ERC20 chain? You mean ethereum blockchain? ERC20 is a standard.
To answer your question, nopes. You can use it for ETH transactions (and it's derivatives). However, there are tokens such as WBTC which would wrap the BTC for you and give you same amount of token (vice-e-versa).
To answer your question, nopes. You can use it for ETH transactions (and it's derivatives). However, there are tokens such as WBTC which would wrap the BTC for you and give you same amount of token (vice-e-versa).
- Nov 19, 2017
- 191
- 56
No you cannot.
deal with it
Senior Member
- Sep 30, 2015
- 1,082
- 705
in huobi, it shows eth version of btc (wrapped or WBTC) and you can swap that to get real btc. its 1:1 ratio