DeFi on Bitcoin Cash? Why Not? [How-To Guide]

11 mo
3 Min Read
546 words

I have to be honest here, I didn't see this coming. When I saw the articles on yesterday I couldn't believe my eyes but it is official now. DeFi season on BCH is just starting and Jerry is grabbing the front seat.



This whole thing was made possible with SmartBCH, a sidechain that is EVM and Web 3 compatible. Yes, your Metamask account will work here.

As always, click on the dropdown menu on Metamask, select Custom RPC and repeat after me:

Network Name: SmartBCH

RPC URL: OR Both should work fine.
Chain ID: 10000

Currency Symbol: BCH

Block Explorer URL:

After that is done you will need some BCH in your Metamask wallet to get started. Unlike with the other chains we used recently, this one will actually be super easy. If you have BCH sitting in a wallet or an exchange, all you have to do is send it to CoinFLEX.

Before you do that you will need to register an account and that can be done via Email or by connecting your Metamask wallet. I prefer the second option but it is completely up to you.

Once you get an account going, select the Deposit option in the top right corner.

COIN Flex.png

From the dropdown menu on the left select BCH, and on the right you can choose between a CashAddress or Legacy, whichever works for you and your wallet. Depostis may take a few minutes depending on the block time on the BCH network but once they are in your wallet the last thing to do is to withdraw to your Metamask address.

bch withdraw.png

From the same dropdown menu on the top right select "withdraw" and in the "Destinatin BCH Adress" field enter the Metamask wallet address you are using. Be sure to use SEP20 as the withdraw network option and click "Submit". After a few brief moments you will be all set up and your BCH will show up in your Metamask.


The network is just getting started and the BCH community should not be underestimated. If you are completely new to DeFi this may be the perfect starting point because the fees are super-cheap and you don't need a lot of money to get started. Even $10 of BCH will be enough to buy a few coins and make a couple of transactions.

There is only one exchange so far but in the first few days of existence, it has collected more than $40M in liquidity.


Benswap Homepage

Risks Involved

SmartBCH is a newly-launched project with only a handful of Dapps to explore. Doing your own research is advised, as always, and you can get stated with the FAQ. The Benswap exchange is a clone of a BSC Project that currently only holds over $200k in liquid funds. More info on the BCH version can be found here.

Jerry Rating - 7/10


The low transaction fees are refreshing and the setup can't be simpler. Even though it may be an ideal chance for beginners to get a taste of DeFi, there isn't much to see just yet. Trying it is OK, but waiting for better Dapps to come is highly advised.

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11 mo

Through SmartBCH I can finally put my BCH earned through at work. Having DeFi expanded on Bitcoin Cash will boost this ecosystem and who knows, maybe it will challenge Bitcoin at some point or at least capture more value...


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I was surprised by how easy it was to access. Usually, the onboarding process is the most complicated one but the CoinFLEX solution is pretty neat.

Really looking forward to seeing where this is going. BCH definitely has a lot of room to grow.

Also, thanks for the manual curation!

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This sure sounds interesting. I keep delaying my cross-post to but I guess I probably should start there and then I can move some BCH to defi.

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Started doing it a few days back and didn't regret the decision. The rewards aren't that good but they can add up.

Publish0x is also one to consider btw.

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