Ethereum

renBTC

Bitcoin Cash

Wrapped Bitcoin

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/how-to-buy-renbtc-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">How to Buy renBTC Coin?</a><br></p>
<p style="text-align: justify">renBTC is an ERC-20 token built on the Ethereum network, pegged to Bitcoin. This means that each RENBTC can always be used for a Bitcoin, and thus tends to maintain its value close to the Bitcoin market rate.</p>
<h2 style="text-align: justify" id="what-is-renbtc-renbtc">What is renBTC (RENBTC)?</h2>
<p style="text-align: justify">RenBTC is minted on the Ren platform, an open protocol that grants everyone the right to access cross-blockchain liquidity and helps bring assets from other blockchains to Ethereum decentralized applications (DApps). The main supported cryptocurrencies are Bitcoin (BTC), Bitcoin Cash (BCH), and Zcash (ZEC).</p>
<p style="text-align: justify">The RenBTC token is a direct competitor to Wrapped Bitcoin (wBTC). Minting the token is a relatively simple process, requiring users to send their BTCs to RenVM.</p>
<p style="text-align: justify">Unlike other Bitcoin-backed tokens, renBTC is not a synthetic token and does not rely on any liquidation mechanism to maintain its value tied to BTC. Instead, it is a direct supply fix, meaning there is always sufficient BTC in reserve to match the circulating renBTC supply.</p>
<p style="text-align: justify">The key difference between RenBTC and other Bitcoin tokens is the token’s fluid value exchange. RenVM does not store any Bitcoin in a centralized custody platform, instead, it uses a decentralized node network called Darknodes. Users can mint tokens at any time without having to complete KYC. The protocol can handle hundreds of transactions per minute and never gets overloaded.</p>
<p style="text-align: justify">Additionally, RenVM can be directly integrated into numerous decentralized applications using special adapters provided by Ren. This means a user can directly use Bitcoin (via RENBTC) in a decentralized exchange (DEX) or a lending platform without going through any procedure.</p>
<h2 style="text-align: justify" id="where-to-buy-renbtc-coin">Where to Buy RENBTC Coin?</h2>
<p style="text-align: justify">renBTC Coin can be bought quickly and safely through <a href="https://accounts.binance.com/en/register?ref=QBIBRK4D" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>, the world’s largest cryptocurrency trading platform by trading volume.</p>
<p style="text-align: justify">To buy renBTC Coin, one must first become a member of <a href="https://en.coin-turk.com/binance-announces-new-euro-collaborations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> and then send fiat currency. After sending a fiat currency such as the&nbsp; US Dollar, purchasing renBTC Coin can be done by trading Bitcoin (BTC) and Ethereum (ETH) in the renBTC trading pair.</p>
<p style="text-align: justify">Additionally, on <a href="https://accounts.binance.com/en/register?ref=QBIBRK4D" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>, users can place a purchase order at a price lower than the market value. For this, using the Limit tab and entering the desired amount and price you want to buy will suffice.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/how-to-buy-renbtc-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">How to Buy renBTC Coin?</a></h5>

How to Buy renBTC Coin?

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