Buy, Sell, & Trade RENBTC
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With cryptocurrencies becoming ever more popular as investments and secure trading options, it is more important than ever to choose the right cryptocurrency exchange platform. With its industry-leading encryption and secure, user-friendly app, Rubix is the best choice when it comes to buying, selling and trading your RENBTC tokens.
RENBTC is a different kind of cryptocurrency. Its goal is to link to Bitcoin, keeping a value of 1 RENBTC = 1 BTC, even though it runs on the Ethereum blockchain. The hope for this project is to create interoperability between blockchains complemented by rapid transaction times and very low fees.
This takes the idea of decentralized exchanges (DEX) to a whole new level, using smart contracts to facilitate exchanges easily and simply with a high level of security. This process also works with other blockchains and grants interoperability between other blockchains, such as Polkadot, Bitcoin Cash and ZCash.
Who created RENBTC?
The Ren protocol was originally known as the Republic Protocol and was founded in 2017 by software developers Taiyang Zhang and Loong Wan. The rebrand took place in 2019.
Ren sold 56.5% of its REN token supply privately in 2018, raising $28.9 million in ETH. Investors Polychain Capital and FBG Capital were participants in the sale Ren then conducted a public token sale raising $4.8 million in ETH by selling 8.6% of the token supply.
In total, $30 million in funding was raised by selling 65.2% of REN tokens in various sales. The team and advisers were then allocated 19.9% of the tokens with 5% going to community development and 9.9% as a company reserve.
How do I exchange and trade renBTC?
To trade cryptocurrencies such as renBTC, you need to access an exchange. There are many exchanges on the market, so you need to carefully choose one first; Rubix is a very good option for this. Once you have selected the exchange best suited to your requirements, there are a few simple steps to begin trading. The specific details will vary from exchange to exchange, but these basic steps will be a good guide:,1. First, set up an account with your chosen exchange. This will generally require an email address and password. However, some exchanges may require more identification for verification and security purposes.
2. Deposit your preferred currency, such as USD, to your exchange.
3. Next, buy your RENBTC tokens — this should be a simple process involving navigating to a trade screen and clicking “buy.”,Once RENBTC tokens are added in your balance, use them as you wish. You can trade them for other cryptocurrencies and fiat currencies or hold them to interact with decentralized exchanges or lending platforms in Ethereum blockchain.
Exchange RENBTC using Rubix
Trading RENBTC is easy if you use the Rubix and its built-in trading tools. You can trade directly from your Rubix account. There is no need to go to a dedicated RENBTC exchange to transfer your cryptocurrency. The Rubix app supports most of the well-known cryptocurrencies and is adding more altcoins and stablecoins all the time. You can quickly and securely do all your trading in one place and trade using most major fiat currencies. Finally, the enhanced security features make Rubix one of the safest and most secure exchanges currently on the market.
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