We’re excited to launch our new and improved way to deposit and withdraw assets across blockchains today! With the great interest we saw after our introduction of BTC on TRON earlier this month, we decided to build out our multi-chain wallet support to improve the experience for our customers.
Starting now, customers no longer have to manually swap their BTC for BTCTRON. Instead, you can go directly to your Bitcoin wallet and choose whether you want to deposit or withdraw Bitcoin or Bitcoin on TRON. With this improvement today, we’ve also upgraded our support for USDT across chains to provide the same experience for the multi-chain assets we support today and any new multi-chain assets we add in the future.
If you held BTCTRON at the time we launched our new multi-chain support, your BTCTRON balance will now be included in your BTC balance and you will no longer have to worry about managing a separate BTCTRON wallet.
What is BTC on Tron?
BTC on Tron (BTCTRON) is a type of wrapped Bitcoin token that exists on the TRON blockchain. You can use BTCTRON to send Bitcoin on the TRON blockchain. On Poloniex, you will always be able to redeem BTCTRON 1:1 to the value of Bitcoin (BTC). The contract address for BTCTRON is TN3W4H6rK2ce4vX9YnFQHwKENnHjoxb3m9.