How to Buy renBTC (RENBTC)

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.

Binance Signup
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. renBTC (RENBTC) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

Make sure you've selected the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Find renBTC (RENBTC)

Once your deposit has been verified, you will now have access to your assets and you can start invest and trading. To buy renBTC (RENBTC) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To locate renBTC (RENBTC), you will need to put the shortname of the coin (RENBTC) into the search-box, which is marked in the graphic. Make sure you have selected the proper grouping, we've highlighted this too. Click on “RENBTC/BTC” to continue.

Binance Hot To Buy renBTC (RENBTC)
Binance How to Buy (RENBTC) renBTC
Step 4 – Purchase renBTC (RENBTC)

As soon as you've found renBTC (RENBTC), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we're making our own Limit Order.

The ”Price” field will be filled with the most recent rate renBTC (RENBTC) was traded for. You can change this to your desired price. The ”Amount” field is the volumen of RENBTC you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole amount of RENBTC.

If you are glad, click on “Buy RENBTC”. Your plan will be filled as soon as a Seller sells their RENBTC for the price you offered.

Step 5 – Withdraw renBTC (RENBTC)

Unless you're regularly trading, never keep your coins on an Cryptocurrency Exchange for an extended time period. To take off your renBTC (RENBTC), hover over the ”Funds” tab and mouse click on “Withdraw”. renBTC (RENBTC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find renBTC (RENBTC) by using the given drop-down box. Drop in the amount of renBTC (RENBTC) you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

When you are glad, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.

Binance Withdraw

Congrats! You have successfully purchased and stored renBTC (RENBTC).

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off using Ethplorer.io or Etherscan.io and the (RENBTC) renBTC is safe within your wallet, you are all done.
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