BOB
@build_on_bob
The Bank of Bitcoin. Swap, save, earn and borrow - all on Bitcoin rails. Backed by @CBVENTURES, @CastleIslandVC, @Ledger.
Joined November 2020
17 Following 259.4K Followers
Bridge or swap? It depends.
𝗪𝗵𝗲𝗻 𝗺𝗼𝘃𝗶𝗻𝗴 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗰𝗿𝗼𝘀𝘀 𝗰𝗵𝗮𝗶𝗻𝘀, 𝘀𝗵𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗯𝗿𝗶𝗱𝗴𝗲 𝗕𝗧𝗖 𝗼𝗿 𝘀𝘄𝗮𝗽 𝗶𝘁?
The answer depends on what you want to hold at the end.
Bridging $BTC into a BTC-backed token can preserve your Bitcoin price exposure on another network, while swapping BTC exchanges that exposure for an asset such as $ETH or $USDC.
These are two different goals, and confusing them can lead to unnecessary transactions, extra fees and risks you did not intend to take.
@build_on_bob explains the distinction in its guide to moving native $BTC across chains without wrapping it or using a centralized exchange:
𝐋𝐞𝐭'𝐬 𝐛𝐫𝐞𝐚𝐤 𝐝𝐨𝐰𝐧 𝐭𝐡𝐞 𝐭𝐫𝐚𝐝𝐞-𝐨𝐟𝐟𝐬. 🧵
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