Getting rBTC with FastBTC
This guide refers to the integration of FastBTC implemented by ROC
RIF On Chain has implemented an integration of FastBTC Relay developed by Sovryn.
FastBTC is a quick and easy way to obtain the rBTC you are going to need to operate the RIF On Chain protocol. It lets you exchange your BTC for rBTC inside RIF On Chain's dApp to be able to pay Gas with rBTC.

What is FastBTC?

According to Sovryn: "FastBTC is a centralized, custodial method for exchanging BTC for RBTC. The user will, for what is usually a short period of time, need to trust the FastBTC operator to accept the user's BTC and exchange it for RBTC. The exchange should complete within one Bitcoin block after the user's BTC deposit transaction has been confirmed".

To use FastBTC integration in the RIF On Chain app follow these steps:

Go to the web app and connect your wallet. Click on the Bitcoin button on the left sidebar and then you will see this page.
MOC FastBTC page
Click on Convert BTC to rBTC. A pop up will detail important information
FastBTC instructions
Users who wish to deposit more than the maximum limit may add more BTC by sending the max limit multiple times over multiple transactions. If you are going to send multiple FastBTC transactions, make sure to wait a good length of time (half an hour) between them to ensure there is no possibility that the transactions are included in the same block.
Click on GENERATE BTC DEPOSIT ADDRESS
Send BTC to the address shown to you
After a moment this screen will appear showing transaction information.
Transaction 1/2 Details
And then, when rBTC is deposited second part of the details will show the transaction is done.
Transaction 2/2 Details
That's it! Now you have an easy and fast way to bring your BTC to RIF On Chain protocol and mint your favorite token.
Last modified 1mo ago