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Rank #514
renBTC Price (RENBTC)
renBTC (RENBTC)
$16,561.47 -1.4%
1.00494178 BTC -0.5%
13.69369883 ETH -0.6%
On 2,655 watchlists
$16,475.27
24H Range
$16,832.13
Market Cap $28,826,055
Market Cap / FDV 1.0
24 Hour Trading Vol $7,893,045
Fully Diluted Valuation $28,826,055
Circulating Supply 1,742
Total Supply 1,742
Max Supply 1,742
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renBTC Price Chart (RENBTC/USD)

Last updated 01:28AM UTC. Currency in USD.
Live Chart
Need more data? Explore our API
1h
24h
7d
14d
30d
1y
0.2%
-1.4%
-0.5%
-1.6%
-18.6%
-69.2%

RENBTC Price Today

renBTC price today is $16,561.47 with a 24-hour trading volume of $7,893,045. RENBTC price is down -1.4% in the last 24 hours. It has a circulating supply of 1.7 Thousand RENBTC coins and a total supply of 1.74 Thousand. If you are looking to buy or sell renBTC, Uniswap (v3) is currently the most active exchange.

 

What is renBTC?

renBTC is a synthetic asset that represents the value of bitcoin and it is created by the Ren protocol. renBTC allows for bitcoin transfers to be conducted quicker on the Ethereum blockchain and opens up the possibility for bitcoin to be used in the Ethereum ecosystem. 

Bitcoin is held in custody by a network of decentralized nodes; it can be converted to renBTC and vice versa easily.

What is the Ren protocol?

Ren Protocol is a permissionless and trustless protocol that allows users to transfer tokens across different blockchains. The Ren protocol is powered by a network of computers called Darknodes, which helps facilitate user generated transactions. 

More specifically, Darknodes contribute their network bandwidth, computational power, and storage capacity to power the Ren protocol.

What are some benefits of renBTC?

renBTC helps transfer the value of bitcoin to the Ethereum network so that bitcoin holders can take advantage of the major decentralized finance (DeFi) applications that are currently limited to the Ethereum blockchain. 

Although there are other synthetic assets that help bridge the value of bitcoin to the Ethereum network such as WBTC, renBTC differentiates itself from WBTC through some of its features.

renBTC offers three main value propositions: it is trustless, no Know Your Customer (KYC) procedure is required, and assets are stored by decentralized custodians. When users mint renBTC, they are not required to reveal any personal information.

Instead of having a sole custodian to store users' bitcoin, it is securely stored within a network of Darknodes. The design of the system guarantees that users could confidently redeem their bitcoin or mint renBTC at all times. 

How to mint renBTC?

  1. Visit RenBridge to start minting renBTC

  2. Under the “Select asset” tab, select BTC. Currently, Ren protocol only supports Bitcoin, Zcash and Bitcoin Cash

  3. Insert your Ethereum wallet address in the “Destination wallet” tab

  4. Review details and confirm transaction

  5. Send your bitcoin to the wallet address given

  6. After 6 block confirmations, your bitcoin will be converted to renBTC and it will be automatically transferred to your Ethereum wallet address.

What are other ways to acquire renBTC?

Besides directly minting renBTC, users may also purchase renBTC from any decentralized exchange such as Curve, Uniswap, or SushiSwap.

Where can renBTC be traded?

You can trade renBTC on Uniswap (v3). Popular trading pairs for renBTC in the market includes RENBTC/USD, RENBTC/CAD, RENBTC/AUD, RENBTC/GBP, RENBTC/INR, and RENBTC/PHP.

What is the 24 hour trading volume of renBTC?

The 24 hour trading volume of renBTC is $7,893,045.

What is the highest price for renBTC?

The all-time high price of renBTC is $68,977.19 on Nov 10, 2021 (about 1 year).

What is the lowest price for renBTC?

The all-time low price of renBTC is $8,877.48 on Jun 27, 2020 (over 2 years).

Convert RENBTC to USD

RENBTC
USD
USD

1 RENBTC = $16,561.47

RENBTC Price Statistics

renBTC Price $16,561.14
24h Low / 24h High $16,475.27 / $16,832.13
7d Low / 7d High $15,739.13 / $16,839.40
Trading Volume $7,911,168
Market Cap Rank #514
Market Cap $28,826,055
Market Cap Dominance 0.003%
Volume / Market Cap 0.276
All-Time High $68,977.19 -76.0%
Nov 10, 2021 (about 1 year)
All-Time Low $8,877.48 86.4%
Jun 27, 2020 (over 2 years)
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