A Step-by-Step-Guide on how to buy renBTC (RENBTC)
Step 1 – Join Coinbase and recieve 10$ for free You will first need to buy units of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and to get your first 10 Dollar.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. renBTC (RENBTC) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Find (RENBTC) renBTC Once your deposit has been verified, you'll directly have access to your funds and you can launch invest and trading. To invest in (RENBTC) renBTC on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”. To spot (RENBTC) renBTC, you'll need to put the short name of the asset (RENBTC) into the search-box, which is marked in the graphic. Make sure you have selected the correct pairing, we've marked this also. Click on “RENBTC/BTC” to continue.
Step 4 – Buy renBTC (RENBTC) After you've located renBTC (RENBTC), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are making our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate renBTC (RENBTC) was sold for. You can change this to your desired price. The ”Amount” field is the volumen of RENBTC you like to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete volumen of RENBTC. If you are glad, make a mouse click on “Buy RENBTC”. Your plan will be filled as soon as a Vender trades their RENBTC for the price you introduced.
Step 5 – Withdraw renBTC (RENBTC) Unless you are trading, best advise is not to keep your coins on an Crypto Trader for an extensive time frame. To take off your renBTC (RENBTC), go to the ”Funds” tab and click on “Withdraw”. renBTC (RENBTC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find renBTC (RENBTC) by using the given drop-down box. Drop in the amount of renBTC (RENBTC) you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. When you are satisfied, click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.