BiFi Guide
AppHompage
  • Overview
    • 한글
    • 简体中文
  • Biport Wallet Guide
  • Connect A Wallet
    • Biport Wallet Guide
    • MetaMask Guide
      • Install MetaMask
      • Add BSC Network
      • Add Avalanche Network
      • Add Klaytn Network
      • Import custom tokens
  • BTC Lending
    • Registering BTC Address
    • Depositing or Withdrawing BTC
    • Borrowing BTC
  • BiFi Cross-chain
    • Cross-chain lending guide
  • Lending & Rewards
    • Depositing
    • Borrowing
    • BiFi Rewards
  • Pooling & Staking
    • Pooling on Ethereum
    • Staking on Ethereum
  • Token Purchase
    • How To Buy BFC
    • How to Buy BiFi
  • Bridging
    • Bridging Tokens to Avalanche Network
    • Bridging BiFi From Ethereum to Avalanche Network
    • Bridging BiFi From Ethereum to Klaytn Network
  • More
    • BDAO
    • Security
    • FAQ
  • Resources
    • White Paper
    • Lending Audit
    • Pooling & Staking Audit
    • Medium
Powered by GitBook
On this page

Was this helpful?

  1. BTC Lending

Registering BTC Address

PreviousImport custom tokensNextDepositing or Withdrawing BTC

Last updated 3 years ago

Was this helpful?

To lend and borrow BTC on BiFi, the user needs three BTC addresses. Two (deposit address and repayment address) are issued by BiFi. The address for withdrawing or borrowing BTC will need to be registered by the user.

Each BTC address are used for the following:

BTC Deposit Address Address to deposit BTC to BiFi from user's own Bitcoin wallet

BTC Repayment Address Address to repay borrowed BTC from BiFi My BTC Address Address to receive BTC when withdrawing or borrowing BTC from BiFi

How to register your BTC address:

1) Once you connect MetaMask wallet to BiFi, click 'Deposit' next to BTC to have your two personal BTC addresses issued.

2) Then, enter your own Bitcoin wallet address to receive BTC when withdrawing or borrowing BTC and click 'Register' to finish registering BTC address.

  • You will need to register your BTC address only once.

  • BiFi will automatically store your BTC Deposit and Repayment Address for you, but you can also store these addresses for your own record.

  • Gas fees will incur when registering BTC address.

Install MetaMask