renBTC

renBTC

You can always easily store, exchange, buy and send your renBTC at any time, right in your browser.

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renBTC Crystal v2 (RENBTC) Wallet | Guarda.com Wallet

renBTC Price

(RENBTC/USD)

What is renBTC?

Ren (formerly Republic Protocol) is an open protocol that enables the movement of value between blockchains. It helps to transfer assets from other blockchains to Ethereum DApps.

It was founded by current CEO Taiyang Zhang. He is also one of the founders of KeeperDAO, and co-founder of Virgil Capital, a cryptocurrency trading firm.

renBTC Crystal v2 (RENBTC) Wallet | Guarda.com Wallet renBTC Website

How to Buy renBTC

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Buy renBTC with SEPA Transfer

SEPA, a payment method for fast and easy payments with Euros. White label user-friendly SEPA purchase solution for RENBTC and 50+ other cryptocurrencies.

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MasterCard

Buy renBTC with Credit Card

You can easily purchase RENBTC with credit card on Guarda. We offer the best rates to buy RENBTC using debit card or credit card (Visa or MasterCard).

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How to use renBTC (RENBTC)

Store/HODL RENBTC

A long-term investment in RENBTC with the expectation of it increasing in value. You can safely store your RENBTC in Guarda Wallet.

Exchange renBTC

Instantly exchange renBTC with the best RENBTC exchange rates. We offer many trading pairs for renBTC trading through our exchange partners.

Send renBTC

Guarda allows you to easily buy renBTC online and send it to anyone and anywhere with their renBTC address.

Receive renBTC

Receive renBTC from anyone instanteniously through your web browser, mobile phone or desktop app.

Download the Guarda Crypto Wallet App and hold your RENBTC and 50+ cryptocurrencies, anytime and anywhere.

About renBTC

As it was mentioned, renBTC is an ERC-20 token built on Ethereum, which is pegged to Bitcoin. It means that it is always possible to redeem renBTC for one Bitcoin. It aims to retain its value at close to the Bitcoin market rate.

RenBTC is a competitor to Wrapped Bitcoin (wBTC). Its main difference is the usage of a decentralized network of nodes, which is called Darknodes. So, the users are able to burn and mint the tokens without completing KYC. Moreover, the private keys of RenVM (ECDSA) are completely private, so it creates decentralized and permissionless Bitcoin tokens on the Ethereum blockchain.

With renBTC it is quite easy to mint the token - users should send their BTC to RenVM, which mints renBTC tokens on the Ethereum blockchain.

RenBTC is not a synthetic token. On the contrary, it’s a direct supply peg, which has enough BTC in their reserves to fulfill the circulating renBTC tokens.

To redeem renBTC, the user should send their renBTC back to RenVM, where the native Bitcoins will be released and sent to the user’s address.