Very nice explanation of this protocol.
You mention it’s Binance Smart Chain based, can I deposit Bitcoin or Ethereum here? Do they get wrapped first, then deposit BNC-BTC?
Do they require KYC?
Thanks
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
You’re right I forgot to mention that I used MetaMask wallet to do all this.
It means no KYC.
You can’t send ERC20 token directly to BSC so yes there is a wrapping done. In my case it was easy as the coins where on binance and I sent them from there to my wallet. Binance takes care of the chain change but bridges services exist.
But yes you can use BTC and ETH on Venus.
Posted Using LeoFinance Beta