Frequently Asked Questions

1. What is BTCFi?

BTCFi offers Bitcoin holders in various networks the opportunity to create additional income, not just by holding BTC but by depositing and leveraging BTC as a collateral asset in BTCFi.

2. What kind of stablecoin is BtcUSD?

BtcUSD is a stablecoin issued against Bitcoin as collateral and is pegged 1:1 to the US dollar, allowing for versatile use within the DeFi ecosystem. Since BtcUSD is issued against Bitcoin, which has lower price volatility than Ethereum, users can hold BtcUSD long-term and establish strategies for stable earnings.

3. How can I purchase WBTC and BTCB to use as collateral assets?

1. You can purchase these assets through centralized exchanges such as Binance, then withdraw to your personal wallet.

2. Swap for the assets on decentralized exchanges such as Uniswap.

4. Is my deposited asset safe?

Unlike centralized BTC custody services, BTCFi operates on a decentralized blockchain protocol, enhancing transparency and security. All actions related to users' funds are automatically processed through smart contracts, allowing for quick and efficient transactions without the intervention of a centralized entity. Users maintain complete ownership of their assets while using BTCFi service.