How to convert Bitcoin to WBTC for DeFi
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- čas přidán 1. 09. 2022
- I walk you through how to convert your bitcoin to Wrapped Bitcoin without using any centralized exchanges
Sites Used:
defillama.com/
aave.com/
bridge.renproject.io/mint
uniswap.org/
wallet.polygon.technology/bri...
UPDATE: RenBridge was shut down. Apparently you can use Thorswap for that step instead
Thanks for your work. Renbtc is now not working, please let me know what do I now use to convert BTC to Eth? Thanks so much waiting your response pls.
@@rickys3197 did you try Thorswap as suggested?
@@SuitTV thanks. No I have not tried Thorswap. Is it safe to use?
@@rickys3197 I'm not sure, I haven't tried it or looked into it yet.
@@SuitTV thanks for response. I will try to find out more but would love if you could also advise going forward. I am needing a Dex to convert Btc to Eth. Thanks so much.
dude this was just what I was looking for! Boom 💥
Glad to help!
Thank you brother!!!
Glad it helped you out!
Thank YOU so much!
glad to have helped!
Thank you.
Glad to help!
Ren Bridge has been taken down due to FTX cluster f*&k so you might want to update this video. I was definitely interested in the process though as I want to wrap my BTC without going through a Centralised exchange
Yes I need to make a new video, you can't update videos on CZcams after they have been posted. One person commented that they used Thorswap instead successfully although I haven't tried it yet.
@@SuitTV I successfully used Swap Space and its was a great experience. Worked with my Trezor even though didn't always auto hook up to Trezor so had to Manually send a couple of the transactions. Thanks for your video and thanks for your reply
Excellent video, congratulations.
I have a question, how do you return the wbtc back to btc?
Thanks! It would just be the opposite process.
Congratulations excellent video,
I have a question please, there was no way to directly convert your BTC to WBTC without going through renBTC ???
Greetings!!
You can do it through any of the popular centralized exchanges. If you want to avoid those for whatever reason this is the best way I found.
Thorswap decentralised cross chain exchange
why does no one and I mean no one on youtube has shown how to wrap BTC on the polygon network.
RenBridge got PWND. need to update this vid :/
how much fees did you pay to swap it ?
I don't remember exactly but very small, less than $10
So Ren bridge looks like its been shut down by FTX creditors on 11th April :/
Someone else commented to use thorswap but I have never done it
@@SuitTV I used thorswap tonight. 0.8 BTC to ETH set 1% slippage tolerance. Went through in about 20mins no problems. It cost more than a CEX but I'm beening screwed buy HUOBI as we speak. It's a nightmare. I am so glad to have a service available that can change BTC to ETH an I never loose custody of my coins. The relief alone is priceless. At any rate that's just my experience for whatever it's worth.
Simpleswap for BTC to WBTC