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 Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. renBTC (RENBTC) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have selected the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find renBTC (RENBTC)

As soon as your deposit has been approved, you will immediately have access to your assets and you can start buying and trading. To purchase renBTC (RENBTC) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”.

In order to locate renBTC (RENBTC), you will need to put the cointype (RENBTC) into the search-box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've highlighted this also. Click on “RENBTC/BTC” to proceed.

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

Once you have located renBTC (RENBTC), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to create our own Limit Order.

The ”Price” field will be filled with the most up-to-date valuation renBTC (RENBTC) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of RENBTC you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of RENBTC.

When you're satisfied, click on “Buy RENBTC”. Your plan will be filled as soon as a Seller sells their RENBTC for the price you submitted.

Step 5 – Withdraw renBTC (RENBTC)

Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an extended period of time. In order to withdraw your renBTC (RENBTC), go to the tab called “Funds” and click on “Withdraw”. renBTC (RENBTC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find renBTC (RENBTC) by using the provided drop-down box. Drop in the volumen of renBTC (RENBTC) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.

Binance Withdraw

Kudos! You've successfully purchased and stored renBTC (RENBTC).

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (RENBTC) renBTC is stored inside your wallet, you're all done.

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