Does anyone have a good tutorial on how I can wrap my Bitcoin to stake it on Algorand?

Reply to this note

Please Login to reply.

Discussion

What the heckπŸ˜΅β€πŸ’« didn't we learn anything 😣

🀣

To wrap your Bitcoin into WBTC, you will need to follow these steps:

Choose a reputable custodian that supports WBTC. There are several options available, including BitGo, Coinbase, and others.

Transfer your Bitcoin to the custodian's designated wallet address for wrapping.

Once the Bitcoin is received, the custodian will issue you an equivalent amount of WBTC on the Ethereum network.

Next, you will need to bridge your WBTC to the Algorand network. You can use a service like AlgoBridge to do this. AlgoBridge is a cross-chain bridge that enables the transfer of assets between Ethereum and Algorand.

Once your WBTC is on the Algorand network, you can stake it using a compatible wallet or platform. You can check the list of supported wallets and platforms on the Algorand website.

did the same, pays off after a couple of hours, amAaazing

Step 1 - give me your seed

Step 2 - I kick you in the nuts

πŸ˜‚πŸ˜‚

Lacing up my steel toes now. Lmk

Oh god, my stomach hurts! WTF! πŸΆπŸΎπŸ€£πŸ˜‚πŸ€£πŸ˜‚

Ngl I read an β€œl” where the β€œk” is in kick….

πŸ™ˆπŸ˜‚

Hehe πŸ‘…

I didn’t need to read this, my stomach was already hurting! πŸΆπŸΎπŸ˜‚πŸ€£πŸ˜‚πŸ€£

send out the btc 1st to blackhole bridge ! LoL

Algorand has been hacked before. Are you sure you want to do that?

Your message is resonating with a lot of people.

Added to the https://member.cash/hot feed

The Rick Roll video is a good tutorial

It's actually quite complicated process. Basically you're trying to make popcorn 🍿 out of your corn 🌽.

To do this, you need to find special microwave that supports this feature. It's kind of a bridge.

Well, long story short I went through the complicated process so you don't have to... And set my zap address to be such microwave.

You need to zap it hard, because the minimum amount that can be wrapped is 100k sats. I know...life sucks and there are scammers everywhere. So be careful. πŸ™