A Step-by-Step-Guide on how to buy renZEC (RENZEC)
Step 1 – Signup to Coinbase and recieve 10$ for free You'll first need to purchase units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your first 10$.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. renZEC (RENZEC) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate renZEC (RENZEC) Once your deposit has been approved, you'll directly have access to your funds and you can launch purchasing and trading. To buy renZEC (RENZEC) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. To find renZEC (RENZEC), you'll need to put the short name of the asset (RENZEC) into the search-box, which is marked in the image. Be certain of having choosen the right grouping, we have marked this too. Click on “RENZEC/BTC” to continue.
Step 4 – Buying (RENZEC) renZEC As soon as you have found (RENZEC) renZEC, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date rate (RENZEC) renZEC was traded for. This can be changed to your preferred rate. The ”Amount” field is the amount of RENZEC you like to purchase. The ”Total” field is the whole price in BTC that you'll pay for the whole amount of RENZEC. If you are glad, click on “Buy RENZEC”. Your plan will be filled as soon as a Seller trades their RENZEC for the price you introduced.
Step 5 – Withdraw renZEC (RENZEC) Unless you're regularly trading, best advise is not to keep your crypto on an Exchange for an extended period of time. In order to withdraw your renZEC (RENZEC), go to the ”Funds” tab and click on “Withdraw”. renZEC (RENZEC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find renZEC (RENZEC) by using the given drop-down box. Enter the quantity of renZEC (RENZEC) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you're happy, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.