A Step-by-Step-Guide on how to buy renZEC (RENZEC)
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and receive Bitcoin or Ethereum.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. renZEC (RENZEC) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find renZEC (RENZEC) Once your deposit has been verified, you'll directly have access to your assets and you can commence purchasing and trading. To buy renZEC (RENZEC) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. In order to spot renZEC (RENZEC), you'll need to insert the shortname of the coin (RENZEC) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we've highlighted this too. Click on “RENZEC/BTC” to go ahead.
Step 4 – Purchase (RENZEC) renZEC Once you have discovered (RENZEC) renZEC, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to create our own Limit Order. The ”Price” field will be filled with the recent price (RENZEC) renZEC was sold for. You can change this to your favoured price. The field with the “Amount” tag is the amount of RENZEC you like to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the whole amount of RENZEC. When you are satisfied, click on “Buy RENZEC”. Your order will be filled as soon as a Vender sells their RENZEC for the price you offered.
Step 5 – Withdraw renZEC (RENZEC) Unless you're regularly trading, never keep your crypto on an Crypto Trader for an extended time frame. In order to take off your renZEC (RENZEC), go to the tab called “Funds” and click on “Withdraw”. renZEC (RENZEC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find renZEC (RENZEC) by using the given drop-down box. Drop in the volumen of renZEC (RENZEC) you would like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. When you're glad, click “Submit”. You could be requested for verfication via phone/email before a withdrawal.