RBTC Conversion: Peg in and Peg Out
In this article, we explain step by step on how to convert from BTC to RBTC, and vice versa. The process of conversion utilises a Powpeg mechanism. Thus, these conversions are referred to as peg-ins and peg-outs.
- Peg-in:
- A conversion from BTC to RBTC
- Locks BTC in the BTC Federation address
- Releases RBTC in the Rootstock derived address
- Peg-out:
- A conversion from RBTC to BTC
- Locks RBTC on the Rootstock network
- Releases BTC on the Bitcoin network
Compatibility​
The types of addresses that are accepted for the Federation are:
- Legacy (P2PKH)
- Segwit Compatible (P2SH-P2WPKH)
On the Testnets, the token symbols are prefixed with a lowercase t.
Thus, we have BTC and RBTC on the Mainnets, which correspond to tBTC and tRBTC of the Testnets.
Address verifier​
Enter your BTC address below to verify whether it may be used to peg in from BTC to RBTC.
User Guide​
You can try the conversion process using either options below;
- Using a ledger hardware wallet
- Using a software
Video​
Watch this explainer video on How to do BTC & R-BTC Conversions using the Rootstock Powpeg.
FAQs​
Rootstock Federation address has changed several times since Rootstock mainnet launch.
There is a grace period for the Rootstock Federation address change. You will still be able to lock Bitcoin and get RBTC during the grace period. However, any Bitcoin sent to the old Rootstock Federation address will be lost post to the grace period.
Feedback​
Join the Rootstock Global Discord Community, to ask questions and get answers.