Where to buy renBTC
It looks like RENBTC may not be available to purchase on an exchange in the US.
You can still purchase RENBTC by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.
Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.
How to purchase RENBTC using a decentralized exchange.
- Find RENBTC on a decentralized exchange and make sure renBTC can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
- Buy ETH to trade for RENBTC using an exchange like Gemini. You will need to purchase enough ETH to swap for RENBTC as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
- Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
- Trade ETH for RENBTC on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
- Wait for the transaction to finalize and the RENBTC tokens will arrive in your wallet.
- You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.
You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.
Best renBTC wallets to store your RENBTC
You can keep your RENBTC on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your RENBTC below.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Is renBTC a good investment?
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.
Today's renBTC price versus ATH
Compare today's price of renBTC ($27,835.00 USD) against its all-time high (ATH) price of $68,977.00 on November 10, 2021. The closer the bar is to 100%, the closer RENBTC is to reaching its ATH again.
How to buy other cryptos
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.
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