Guide to Money On Chain
👉 Beginners start hereGetting rBTCFAQ
🇬🇧 MOC English
🇬🇧 MOC English
  • About Money On Chain
  • Getting started
    • What do I need to know first
    • Wallets available
      • Mobile wallet
        • Rabby
        • SafePal
        • Beexo
        • Exodus
        • UniFi
        • Metamask
      • Web3 wallet
        • Metamask
        • Rabby
        • Unifi
        • SafePal
        • Exodus
      • Hardware wallet setup
        • Ledger
          • Installing Ledger Live
          • Configuring the wallet
          • Installing applications
          • Logging in to the platform
        • Trezor
          • Installing Trezor Suite
          • Configuring the wallet
          • Logging in to the platform
    • Getting rBTC for network fees
      • Getting rBTC with Boltz
      • Getting rBTC and back to BTC with FastBTC
      • Getting rBTC with LNp2pbot
      • Getting rBTC with the 2WayPeg
        • Using the app
          • BTC to RBTC
          • RBTC to BTC
        • Using Electrum and MyCrypto
  • Using Money On Chain
    • How to access the platform
    • How to get tokens
      • How to mint BPro
      • How to mint DoC
      • How to get MOC and DOC tokens
        • Symbiosis
        • OKU Trade
        • Stargate
        • Rubic
        • OpenOcean
        • Sushi Swap
        • Balmy
        • UniFi
        • Sovryn
        • TEX
      • How to claim MoC Tokens from Liquidity Mining
      • How to sell BPro in the TEX
    • How to stake MOC tokens
      • Staking with MOC Manager
      • Staking with the dApp
      • Staking with MOC Tools
    • How to vote in MOC governance
      • With MOC Manager
      • With MOC Tools
    • How to get yield
      • Tropykus
      • Sovryn
  • Going deeper
    • Video Resources
    • Useful Links
    • Understanding Metrics
    • Using the TestNet
    • Using the TEX
  • Money On Chain Apps
  • Stablecoin Protocol
  • TEX - Decentralized Token Exchange
  • Frequently Asked Questions
    • Protocol FAQ
    • Fees and Rewards
    • Terms & Conditions
  • Integrators
    • Documentation
    • Resources
  • Our Growing Community
    • Discord
    • Twitter
    • Telegram
    • Forum
    • Reddit
    • Facebook
Powered by GitBook
On this page
  • What is FastBTC?
  • To use FastBTC integration in the Money On Chain app follow these steps:
  • From BTC to RBTC
  • From RBTC to BTC
  1. Getting started
  2. Getting rBTC for network fees

Getting rBTC and back to BTC with FastBTC

This guide shows how to use the FastBTC integration implemented by MOC.

PreviousGetting rBTC with BoltzNextGetting rBTC with LNp2pbot

Last updated 1 year ago

Money 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 Money On Chain protocol. It lets you exchange your BTC for rBTC inside Money On Chain's dApp to mint the token of your preference.

What is FastBTC?

According to Sovryn: "FastBTC allows the bi-directional exchange between BTC and RBTC. The FastBTC Relay is not fully decentralized. There is a very brief custodial process where the user entrusts the FastBTC operator to receive the user's BTC and exchange it for RBTC. The exchange is facilitated quickly."

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

Go to the and connect your wallet. Click on the Bitcoin button on the left sidebar and then you will see this page.

From BTC to RBTC

Click on Convert BTC to rBTC. A pop-up will detail important information

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.

And then, when rBTC is deposited second part of the details will show the transaction is done.

That's it! Now you have an easy and fast way to bring your BTC to Money On Chain protocol and mint your favorite token.

You can check information related to the peg in operations at the bottom of the screen:

From RBTC to BTC

On the main FastBTC page, click on Convert RBTC to BTC. A pop-up will detail important information.

Click on Continue to enter the BTC address destination and the amount you want to convert.

Then it will show detailed information about the operation. Verify and then click on Confirm.

Next, you will see a dialog box showing the states of the transaction that you can also see in the peg out FastBTC last operations panel. Click on Close.

After a few minutes, the operation will be confirmed and you will have your BTC in the corresponding wallet.

Money On Chain web app
MOC FastBTC page
FastBTC instructions
Transaction 1/2 Details
Transaction 2/2 Details
Destination address and amount
Last operations panel