A Step-by-Step-Guide on how to buy renBCH (RENBCH)
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and to get BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Funds to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. renBCH (RENBCH) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Find renBCH (RENBCH) Once your deposit has been approved, you will directly have access to your funds and you can begin invest and trading. To purchase renBCH (RENBCH) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. To locate renBCH (RENBCH), you will need to put the shortname of the coin (RENBCH) into the search-box, which is marked in the picture. Be certain of having choosen the right grouping, we have marked this also. Click on “RENBCH/BTC” to progress.
Step 4 – Purchase (RENBCH) renBCH After you have discovered (RENBCH) renBCH, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to make our own Limit Order. The ”Price” field will be automatically filled with the up-to-date valuation (RENBCH) renBCH was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of RENBCH you wish to purchase. The ”Total” field is the whole price in BTC that you will settle for the whole volumen of RENBCH. If you're happy, make a mouse click on “Buy RENBCH”. Your plan will be filled as soon as a Seller trades their RENBCH for the price you offered.
Step 5 – Withdraw renBCH (RENBCH) Unless you are trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time frame. To take off your renBCH (RENBCH), hover over the ”Funds” tab and click on “Withdraw”. renBCH (RENBCH) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate renBCH (RENBCH) by using the given drop-down box. Drop in the quantity of renBCH (RENBCH) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you are satisfied, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.