RenBridge FAQ

General question about the RenBridge dApp

Where can I use RenBridge?

Here: https://bridge.renproject.io/

What is RenBridge?

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 two (2) fees: 1) RenVM has a 10 BPS (0.1%) per mint and burn. 2) There is also a network fee that is required to pay the miners of the respective blockchain. This fee goes to miners, not the Ren team or Darknodes. Miner fees are currently set to a fixed: BTC: 35,000 Sats BCH: 35,000 Sats ZEC: 35,000 Zats

Is there a minimum amount you can send?

Yes, the hard minimum is: BTC: 35,000 Sats BCH: 35,000 Sats ZEC: 35,000 Zats *This is approximately $5.00 USD Sending less will not work! Your transaction will not proceed and you will lose the amount sent.

Is there a maximum you can send?

No, but RenVM + 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?

Yes.

Can I mint renBTC, renZEC, and renBCH at any time?

Yes.

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.

Can I send my BTC, BCH, or ZEC from any wallet?

Yes, but only send one transaction at a time. Wait for it to complete prior to sending another transaction.

How long does a BTC to renBTC transaction take?

RenVM waits for 6 confirmations, so about an hour (60 minutes). We use Kraken’s official deposit times as a reference: https://support.kraken.com/hc/en-us/articles/203325283-Cryptocurrency-deposit-processing-times

How long does a ZEC to renZEC transaction take?

RenVM waits for 24 confirmations, so about an hour (60 minutes). We use Kraken’s official deposit times as a reference: https://support.kraken.com/hc/en-us/articles/203325283-Cryptocurrency-deposit-processing-times

How long does a BCH to renBCH transaction take?

RenVM waits for 15 confirmations, so about 2.5 hours (150 minutes). We use Kraken’s official deposit times as a reference: https://support.kraken.com/hc/en-us/articles/203325283-Cryptocurrency-deposit-processing-times

How long does it take to burn (release) my assets back to the original chain?

RenVM waits for 30 Ethereum transactions, so depending on congestion, approximately 5 to 10 minutes.

Can I close the webpage or shutdown my computer while I wait?

Yes

What is 3Box and why are you using it on RenBridge?

3Box syncs with Metmask to store your past transaction(s) on RenBridge. So if you shut down your computer, close your browser, etc..while waiting for Confirmations, you can find or pick up your past/pending transaction. “3Box makes it simple to store data securely with your users, letting you focus on building great products.” https://3box.io/

If I’ve encountered a bug, where do I submit it?

Here: https://renprotocol.typeform.com/to/YdmFyB