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 – Send Your Bitcoin or Ethereum to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need 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 illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

Make sure you have selected the right coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find renBTC (RENBTC)

As soon as your deposit has been approved, you will now have access to your finances and you can begin purchasing and trading. To invest in renBTC (RENBTC) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to locate renBTC (RENBTC), you will need to put the shortname of the coin (RENBTC) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we've highlighted this also. Click on “RENBTC/BTC” to advance.

Step 4 – Purchase renBTC (RENBTC)

After you have spotted renBTC (RENBTC), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next 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 traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of RENBTC you wish to purchase. The ”Total” field is the whole price in Bitcoin that you will pay for the complete amount of RENBTC.

If you're happy, make a mouse click on “Buy RENBTC”. Your order will be filled when a Vendor sells their RENBTC for the price you introduced.

Step 5 – Withdraw renBTC (RENBTC)

Unless you are frequently trading, you should never keepyour coins on an Exchange for an longer time period. In order to take off your renBTC (RENBTC), go to the ”Funds” tab and click on “Withdraw”. renBTC (RENBTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate renBTC (RENBTC) by using the given drop-down box. Drop in the quantity of renBTC (RENBTC) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address.

If you are glad, click “Submit”. You may be requested for verfication via email/phone before a take off.