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How to buy renBTC (RENBTC)

Learn how to buy renBTC (RENBTC) in our step-by-step guide.

renBTC
RENBTC- USD
$19,675.73
+ $346.08 ( + 1.79%)
DEFI

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.
  1. 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.
  2. 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.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. 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.
  5. Wait for the transaction to finalize and the RENBTC tokens will arrive in your wallet.
  6. 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 learn more about wallets and compare them with our comprehensive guide.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

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.

Additional information about renBTC can be found using our RENBTC analysis tools.

Today's renBTC price versus ATH

Compare today's price of renBTC ($19290.32 USD) against its all-time-high price of $68977 USD on 10 November 2021. The closer the bar is to 100%, the closer RENBTC is to reaching its ATH again.

renBTC's price: $19290.32
ATH date: November 10, 2021
27.97%

renBTC ATH: $68977


How to trade, convert or sell renBTC

You can convert or sell your RENBTC with the same exchange you bought it through:
  1. Sign in to the exchange you have RENBTC on.
  2. If you store your renBTC in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of RENBTC you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of renBTC.
  6. Complete your transaction and move your RENBTC to a wallet for storage.

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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