How to Buy dlcBTC on MetaMask: A Step-by-Step Guide

DLC.Link's dlcBTC is limited to issuer minting, restricting retail investors from directly minting Bitcoin into dlcBTC. Therefore, retail investors looking to invest in dlcBTC can only obtain it through centralized exchanges (CEX) and decentralized exchanges (DEX). While waiting for CEX listings, you can purchase dlcBTC tokens on a Web3 wallet (such as MetaMask).

This guide will teach you how to purchase dlcBTC on MetaMask in three simple steps.

Step-by-Step Guide to Buying dlcBTC on MetaMask

Step 1: Acquire ETH on a CEX

Log in or register on a CEX like OKX, Binance, or Coinbase.

If your account has no balance, connect your credit or debit card to purchase ETH tokens.

Make sure you have enough ETH to cover the amount you want to spend on dlcBTC tokens, and consider transaction costs.

Step 2: Transfer Your ETH to MetaMask

Access your MetaMask wallet and switch your network to Arbitrum One.

Copy your ETH address from your Web3 wallet and paste it into the "Recipient Address" field of your CEX account.

Step 3: Swap ETH for dlcBTC

Click "Swap" to enter the MetaMask Swap page.

Select "ETH" in the first column and "dlcBTC" in the second column.

Enter the amount of ETH you wish to swap, then click "Swap."

Congratulations, you have successfully purchased dlcBTC!

DeFi Use Cases for dlcBTC

After obtaining dlcBTC, you can leverage your tokens in various DeFi applications to maximize your returns and enhance the efficiency of your portfolio. Here are some common dlcBTC use cases in DeFi:

1.

### Native BTC Staking on Nektar

You can participate in native BTC staking on the Nektar platform and earn staking rewards. By using dlcBTC to fund Enzyme vaults, you can contribute to the security and functionality of the Ethereum network and earn rewards.

Learn more about dlcBTC staking on Enzyme

2.

### Lending on Aave

You can deposit dlcBTC tokens into the pools of decentralized lending platforms like Aave or Native Lend. By doing so, users can earn lending rewards, providing stable returns on your assets. This option is ideal for users looking to earn interest on dlcBTC without actively trading.

Learn about dlcBTC lending on Native

3.

### Providing Liquidity for Swaap Earn

As a dlcBTC holder, you can provide liquidity on the DeFi primitives of Swaap Earn. By contributing to the liquidity pool, you can earn from trading fees and other incentives offered by the platform. This not only generates income but also enhances the liquidity of the dlcBTC market.

Explore liquidity opportunities on Swaap Earn

Conclusion

By following this guide, you can successfully swap ETH for dlcBTC on MetaMask and unlock numerous opportunities within the DeFi ecosystem. dlcBTC allows you to leverage your Bitcoin assets in a secure, non-custodial manner, ensuring that your assets remain under your control while participating in decentralized finance.

After purchasing dlcBTC on MetaMask, you can stake with Liquid Restaking Token protocols (such as Nektar), lend on AAVE, or provide liquidity on Swaap Earn, each offering unique benefits and rewards. These use cases enable you to maximize returns and enhance portfolio efficiency, making dlcBTC a versatile and valuable asset in the DeFi space.