MetaMask Introduces Native Bitcoin Support for Its Crypto Wallet

In a recent announcement, cryptocurrency wallet provider MetaMask has revealed the integration of native Bitcoin support into its platform.

Key Takeaways

MetaMask has added native Bitcoin support to its wallet.
Users can now manage Bitcoin along with Ethereum, Solana, and Sei.
A Bitcoin address is provided upon updating to the latest version of MetaMask.
Bitcoin can be purchased with local currency and through available payment methods.
Future plans include Taproot support and the launch of additional features like in-wallet prediction markets and the MetaMask USD stablecoin.

MetaMask adds native Bitcoin support to crypto wallet Platform - 1

This new feature enables MetaMask users to trade, send, and manage Bitcoin alongside Ethereum, Solana, and Sei, enhancing the platform's multichain functionality. Users will automatically receive a Bitcoin address when they update to the latest version, allowing for easy transactions and management of multiple cryptocurrencies.

Main Content

The newly introduced feature allows users to trade, send, and manage Bitcoin directly within their MetaMask wallets, in addition to Ethereum, Solana, and Sei. This enhancement significantly broadens the platform's multichain capabilities, making it more versatile for cryptocurrency users.

When users update to the latest version of MetaMask, they will automatically receive a Bitcoin address through the wallet’s multichain accounts. The wallet supports Bitcoin’s native SegWit derivation path, and the company has plans to implement Taproot support in an upcoming update.

According to the company's announcement, users can purchase Bitcoin using local currency along with regionally available payment methods. They can also swap Bitcoin from EVM-based networks or Solana and send or receive Bitcoin to and from exchanges or other wallets. It is important to note that Bitcoin transactions usually take longer to confirm compared to other cryptocurrencies.

Earlier this month, MetaMask also launched in-wallet prediction markets powered by Polymarket. This feature allows users to trade on real-world event outcomes, enabling them to buy and sell positions on future outcomes across various domains, such as sports, politics, and cryptocurrency. This creates price signals that reflect collective expectations.

In September, MetaMask introduced MetaMask USD, a native stablecoin for the wallet. This stablecoin is supported on the Ethereum Mainnet and Linea and is pegged 1:1 to short-term U.S. Treasury bills, further diversifying the services offered by the platform.