BTC to R-BTC Conversion

In this article we will explain step by step on how to convert from BTC to R-BTC, and vice versa. The process of conversion utilises a 2-way peg mechanism. Thus, these conversions are referred to as peg-ins and peg-outs.

  • Peg-in:
    • A conversion from BTC to R-BTC
    • Locks BTC in the BTC Federation address
    • Releases R-BTC in the RSK derived address
  • Peg-out:
    • A conversion from R-BTC to BTC
    • Locks R-BTC on the RSK network
    • Releases BTC on the Bitcoin network
IMPORTANT: WHITELIST PROCESS. To use the 2-way-peg you must first get whitelisted.

Note: On Testnets, the token symbols are prefixed with a lowercase t. Thus we have BTC and R-BTC on Mainnets, which correspond to tBTC and tR-BTC of Testnets.

Step by step instructions

You can try the conversion process using either a hardware wallet, or using software:

Video

Q & A

1. How often does the RSK Federation address change?

RSK Federation address has changed three times since RSK mainnet launch.

2. Do I lose my Bitcoin if the RSK Federation address change during my transfer?

There is a grace period for the RSK Federation address change. You will still be able to lock Bitcoin and get R-BTC during the grace period. However, any Bitcoin sent to the old RSK Federation address will be lost post to the grace period.

Feedback

For any questions and suggestions you can post to RSK Gitter channels.