A Step-by-Step-Guide on how to buy renBTC (RENBTC)
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and receive Bitcoin or Ethereum.
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. renBTC (RENBTC) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find renBTC (RENBTC) As soon as your deposit has been verified, you'll directly have access to your assets and you can initiate buying and trading. To purchase renBTC (RENBTC) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover renBTC (RENBTC), you'll need to put the shortname of the coin (RENBTC) into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we have marked this too. Click on “RENBTC/BTC” to proceed.
Step 4 – Buying renBTC (RENBTC) Once you've spotted renBTC (RENBTC), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate renBTC (RENBTC) was sold for. This can be changed to your preferred price. The ”Amount” field is the quantity of RENBTC you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete quantity of RENBTC. If you are glad, make a mouse click on “Buy RENBTC”. Your plan will be filled when a Vendor sells their RENBTC for the price you introduced.
Step 5 – Withdraw renBTC (RENBTC) Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive time period. To withdraw your renBTC (RENBTC), hover over the ”Funds” tab and mouse click on “Withdraw”. renBTC (RENBTC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find renBTC (RENBTC) by using the provided drop-down box. Put into the amount of renBTC (RENBTC) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you're satisfied, click “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.
Congratulations! You've successfully purchased and stored renBTC (RENBTC).That's it! Take offs from Exchange can take between 1 – 30 minutes (rely on network usage). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the (RENBTC) renBTC is stored within your wallet, you're all done.
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