It’s a decentralized application (dApp) that allows individuals to mint real BTC, ZEC, and BCH on Ethereum as an ERC20 (renBTC, renZEC, renBCH). It also allows users to convert these ERC20s (renBTC, renZEC, renBCH) back to real BTC, BCH, and ZEC.
What are the fees for RenBridge?
There are three (3) fees:
1) 15 BPS (0.15%) per mint and 15 BPS (0.15%) burn.
2) There is also a network fee that is required to pay the miners of the respective blockchain. This fee is set dynamically (in real-time) based on network congestion. It goes to Miners, not the Ren team or Darknodes.
3) ETH GAS. This varies depending on network congestion.
Is there a minimum amount you can send?
Yes, given the recent high TX fees of ETH and BTC, we encourage you to send no less than 10 USD worth of assets through RenBridge.
Sending less may cause you to lose the amount sent!
Is there a maximum you can send?
No, but Ren + RenBridge are new technologies and security audits don't eliminate risks completely. Please don’t supply assets you can’t afford to lose.
Can I burn (release) my renBTC, renZEC, and renBCH at any time for real BTC, BCH, and ZEC?
Can I mint renBTC, renZEC, and renBCH at any time?
What Web3 wallet can I use?
Metamask. This app is designed to work solely with Metamask. We’ll be expanding support for other wallets in the future.