A Step-by-Step-Guide on how to buy renBCH (RENBCH)
Step 1 – Join Kraken You'll first need to purchase one of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and receive Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. renBCH (RENBCH) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate renBCH (RENBCH) As soon as your deposit has been verified, you'll instantly have access to your finances and you can initiate buying and trading. To purchase renBCH (RENBCH) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. To find renBCH (RENBCH), you'll need to put the cointype (RENBCH) into the search-box, which is highlighted in the image. Make sure you have choosen the proper pairing, we've highlighted this also. Click on “RENBCH/BTC” to advance.
Step 4 – Buy renBCH (RENBCH) Once you've discovered renBCH (RENBCH), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to make our Limit Order. The ”Price” field will be filled with the most up-to-date price renBCH (RENBCH) was traded for. This can be changed to your preferred rate. The ”Amount” field is the quantity of RENBCH you wish to buy. The ”Total” field is the whole price in BTC that you will pay for the complete quantity of RENBCH. When you are satisfied, click on “Buy RENBCH”. Your plan will be filled when a Vendor sells their RENBCH for the price you gave.
Step 5 – Withdraw renBCH (RENBCH) Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an extended time period. In order to take off your renBCH (RENBCH), go to the tab called “Funds” and click on “Withdraw”. renBCH (RENBCH) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate renBCH (RENBCH) by using the provided drop-down box. Enter the volumen of renBCH (RENBCH) you would wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. When you're glad, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.