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How to convert Bitcoin to WBTC for DeFi
Рет қаралды 7,009
Күн бұрынI walk you through how to convert your bitcoin to Wrapped Bitcoin without using any centralized exchanges
Sites Used:
defillama.com/
aave.com/
bridge.renproj...
uniswap.org/
wallet.polygon...
@SuitTV Жыл бұрын
UPDATE: RenBridge was shut down. Apparently you can use Thorswap for that step instead
@rickys3197 Жыл бұрын
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.
@SuitTV Жыл бұрын
@@rickys3197 did you try Thorswap as suggested?
@rickys3197 Жыл бұрын
@@SuitTV thanks. No I have not tried Thorswap. Is it safe to use?
@SuitTV Жыл бұрын
@@rickys3197 I'm not sure, I haven't tried it or looked into it yet.
@rickys3197 Жыл бұрын
@@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.
@markedmond9283 Жыл бұрын
dude this was just what I was looking for! Boom 💥
@SuitTV Жыл бұрын
Glad to help!
@philocybin4161 Жыл бұрын
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
@SuitTV Жыл бұрын
Yes I need to make a new video, you can't update videos on KZfaq after they have been posted. One person commented that they used Thorswap instead successfully although I haven't tried it yet.
@philocybin4161 Жыл бұрын
@@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
@theoriveras Жыл бұрын
Excellent video, congratulations. I have a question, how do you return the wbtc back to btc?
@SuitTV Жыл бұрын
Thanks! It would just be the opposite process.
@Anon6688 Жыл бұрын
RenBridge got PWND. need to update this vid :/
@ricardogarcia98 Жыл бұрын
Thank you.
@SuitTV Жыл бұрын
Glad to help!
@web3engineer Жыл бұрын
Thank you brother!!!
@SuitTV Жыл бұрын
Glad it helped you out!
@theoriveras Жыл бұрын
Congratulations excellent video, I have a question please, there was no way to directly convert your BTC to WBTC without going through renBTC ??? Greetings!!
@SuitTV Жыл бұрын
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.
@daithisalach Жыл бұрын
Thorswap decentralised cross chain exchange
@danieleseahawks Жыл бұрын
Thank YOU so much!
@SuitTV Жыл бұрын
glad to have helped!
@jessejames7074 Жыл бұрын
why does no one and I mean no one on youtube has shown how to wrap BTC on the polygon network.
@Daniel_Bernardo 3 ай бұрын
Simpleswap for BTC to WBTC
@pippin434 24 күн бұрын
Fees everywhere on everystep.. satoshi bleeding
@neno56527 10 ай бұрын
how much fees did you pay to swap it ?
@SuitTV 10 ай бұрын
I don't remember exactly but very small, less than $10
@insightss9454 Жыл бұрын
So Ren bridge looks like its been shut down by FTX creditors on 11th April :/
@SuitTV Жыл бұрын
Someone else commented to use thorswap but I have never done it
@insightss9454 Жыл бұрын
@@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.