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❓ Frequently Asked Questions

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These are the most common questions about Bitcoin verification and rBTC-SYNTH tokens. Everything you need to know to use the system with confidence.

πŸ’‘ General BTC Verification​

❓ Why does my verified balance show 0 BTC?​

➑️ This happens if your wallet sends the "change" of a BTC transaction to a different internal address. Simply send a new transaction to your verified address to restore your balance.

❓ Can I use Taproot, SegWit, and Nested SegWit?​

➑️ Yes β€” all modern Bitcoin address types are supported and compatible with our verification process.

❓ Can I use a hardware wallet?​

➑️ Yes, hardware wallets like Ledger and Trezor are fully supported. You simply use the BTC address from your hardware wallet during verification.

❓ What happens if I lose my wallet?​

➑️ If you lose access to your wallet or seed phrase, your reserves are lost. We cannot recover them. Make sure to back up your seed phrase securely.

❓ Can I verify more than one wallet?​

➑️ Yes, you can verify as many wallets as you like. Each one will be displayed separately in your dashboard.

❓ Can I extend my reserve?​

➑️ Yes, just visit the Renew Page and follow the renewal steps to extend your verification by one year.

❓ How long does verification take?​

➑️ Usually 3–10 minutes, depending on the Bitcoin network speed. We wait for confirmation of your checksum transaction.

🧠 rBTC-SYNTH Smart Contract​

❓ What can I do with my rBTC-SYNTH token?​

➑️ You can access DeFi farming pools, vote in governance proposals, and prove BTC reserve ownership in on-chain protocols and DAOs.

❓ Will I lose rBTC-SYNTH if I move BTC?​

➑️ Yes. If BTC is withdrawn from your verified address, the corresponding rBTC-SYNTH is automatically burned by the smart contract.

❓ How do DeFi platforms check if I hold rBTC-SYNTH?​

➑️ They can call:

balanceOf(address)

to get your verified reserve amount from the rBTC-SYNTH contract.

❓ Can I receive more rBTC-SYNTH later?​

➑️ Yes. If your BTC balance increases, the backend will detect the delta and mint more rBTC-SYNTH to your ETH address.

❓ Can I verify multiple BTC addresses?​

➑️ Yes, and each verified address will result in its own rBTC-SYNTH balance, all sent to your Ethereum wallet.

❓ What if I use a new Ethereum address?​

➑️ Then the rBTC-SYNTH token will be minted to the new ETH address you specify during verification.

❓ Is the smart contract audited?​

➑️ Yes. The contract is immutable, open-source, and undergoing third-party audits for correctness and safety.

❓ Can someone else mint tokens for me?​

➑️ No. Only the official Oracle can trigger minting. Manual or direct calls to mint will be rejected by the smart contract.

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Want to go deeper? Check out the Smart Contract Overview.