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How to buy renBTC (RENBTC) in the US

A beginner's guide to buying and selling RENBTC in the US.

renBTC
RENBTC- USD
DEFI
$40,012.00
-$1,728.24 (-4.14%)

How to buy renBTC

Look for an exchange that supports both fiat and cryptocurrency to simplify buying renBTC.

  1. Open an account on an exchange that supports RENBTC.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy renBTC.
  3. Buy renBTC.
    Complete your renBTC purchase and then find the best wallet to store RENBTC.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is renBTC?

RENBTC is an ERC-20 token developed for the Ethereum blockchain. It is minted by the Ren Protocol and its value is pegged 1:1 to the value of Bitcoin (BTC). Outlined on Ren’s website, the Ren protocol (previously known as Republic Protocol) enables the permissionless and trustless transfer of value between blockchains. RENBTC is the decentralised finance (DeFi) version of WBTC (Wrapped Bitcoin) and was created to bring BTC across to Ethereum based decentralised applications (dApps). Any dApp on Ethereum can use the Ren interoperability layer in smart contracts to allow for functionality. Currently, Ren supports the transfer of Bitcoin (BTC), Bitcoin Cash (BCH), and ZCash (ZEC). Transfers are facilitated by the RenVM (Ren Virtual Machine), which converts smart contracts to readable code for computers. The Ren network is secured by nodes which makes it easier to transfer BTC coins from the Bitcoin blockchain onto the Ethereum blockchain as RENBTC. Unlike other Bitcoin-backed tokens, it does not rely on a liquidity mechanism. Instead, it is a direct supply peg, which means there is BTC in reserve to cover the circulating supply of RENBTC. The tokens can be used for trading and other operations throughout the DeFi ecosystem.

renBTC (RENBTC) is the 122nd largest cryptocurrency in the world by market cap, valued at $514,896,966. The current price of renBTC is $40096, which is -3.951% lower than yesterday. Prices have ranged between $41881 and $39653 over the past 24 hours. All prices are listed in US dollars and accurate as of August 02, 2021 06:08 UTC.

Where to buy renBTC

Find an exchange to buy, sell and trade RENBTC by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

267
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
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renBTC at a glance

Information last updated August 02, 2021 06:08 UTC.
Coin symbolRENBTC
Total RENBTC supply12,831
Circulating RENBTC12,831
Current priceUS$40096
All time highUS$64,594.00
All time high dateApril 14, 2021
Notable team membersTaiyang Zhang, Loong Wang
Partnerships1inch, UMA
IndustryDecentralized finance
NetworkEthereum

renBTC price performance over time

Historical prices compared with the price of US$40096.

1 hour -0.30%
24 hours -3.95%
7 days 14.04%
14 days 26.20%
30 days 17.81%
60 days 5.97%
200 days 7.59%
1 year 240.09%

How to sell renBTC

You can cash out your RENBTC with the same exchange you bought it through:

  1. Sign in to the exchange you have RENBTC on.
    If you store your renBTC in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of RENBTC you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of renBTC.

What to consider when buying renBTC

Before any cryptocurrency purchase, it is always best practice to perform due diligence on both the token and the associated platform. Here we have outlined a few factors which investors should keep in mind before buying ZKS:
  • Supply. The maximum supply of ZKS is capped at 1 billion tokens. 60% of these have been allocated as incentives for users, including those distributed in airdrops and mining processes. The ZKS incentive plan is set to take place over 4 years. The remaining 40% is distributed as follows: 15% for the ZKSwap team, 8% for ecosystem developers and ecosystem growth, 7% for angel investors, 5% for further investment rounds, 4% for initial liquidity and 1% for advisors
  • Ultra-High TPS. By implementing zk-rollup technology, transactions per second (tps) on ZKSwap are significantly higher when compared to the Ethereum blockchain. The platform can process 100 transactions every 15 seconds. It remains the key unique feature of ZKSwap and solves transaction efficiency and wait time.
  • Zero Gas Fees. Transaction fees for liquidity providers and traders are reduced to zero on ZKSwap. This significantly reduces the threshold for use, which should encourage adoption of the platform.
  • Governance. The protocol is managed via a community governance plan. gZKS tokens, the tokens required for casting votes in the governance plan, can be acquired by locking ZKS tokens into the platform. gZKS tokens are minted on a 1:1 ratio with ZKS. Holders of gZKS tokens are eligible to vote and participate in all proposals. Users holding more than 50,000 gZKS can suggest new proposals.
Disclaimer: Cryptocurrencies, including renBTC, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of RENBTC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the renBTC or any other cryptocurrency discussed.

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