0

I thought Dogecoin was the token of a totally different blockchain network which isn't Ethereum-compatible? When I tried to google "dogecoin metamask" looking for a way to use metamask as the wallet for dogecoin, every resource points to adding BSC as a custom network and then I can send my dogecoin to the BSC network.

Why? Why is it possible to send the token to a totally different block chain network?

Wouldn't it be duplicates or simply lost or not trusted? Doesn't quite make sense to me.

According to metamask doc, Dogecoin cannot be added to MetaMask:

Please note that neither Bitcoin, Dogecoin or Cardano are NOT Etheruem compatible, so they cannot be added to MetaMask and require their own wallet.

So I'm quite confused here. Is it possible to add dogecoin to metamask or not?

If yes, is it safe at all?

4
  • 1
    Read the What Are Wrapped Tokens article on the Binance Academy website. Oct 9, 2021 at 9:12
  • @PaulRazvanBerg Thanks! As I read and understand it, wrapped token requires a custodian and is thus centralized? So a dogecoin on BSC is as safe as the custodian is trustworthy, correct? A wrapped dogecoin is NOT a dogecoin in the native network, right?
    – datasn.io
    Oct 9, 2021 at 16:22
  • 1
    "yes" - to all questions. Oct 9, 2021 at 16:59
  • 1
    Note though that a wrapped DOGE has the same dollar value as a native DOGE. It's just the technology underlying the two tokens that is different. Oct 9, 2021 at 17:00

1 Answer 1

1

It's impossible to add DOGECOIN to metamask. You are trying to make to add a Binance Peg Dogecoin (this token). This token (like: BTCB) are pegged token that means are ancored with the value of a 'real' coin. In case of BTC, BTCB is ancored at the price of bitcoin. The same argument is for Dogecoin in this case.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.