A Step-by-Step-Guide on how to buy renZEC (RENZEC)
Step 1 – Signup to Kraken You will first need to purchase one of the major currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. renZEC (RENZEC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Find renZEC (RENZEC) As soon as your deposit has been verified, you'll instantly have access to your finances and you can launch buying and trading. To purchase renZEC (RENZEC) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. To locate renZEC (RENZEC), you'll need to insert the short name of the asset (RENZEC) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we have highlighted this too. Click on “RENZEC/BTC” to go ahead.
Step 4 – Buying renZEC (RENZEC) Once you've found renZEC (RENZEC), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date valuation renZEC (RENZEC) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of RENZEC you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete amount of RENZEC. If you are satisfied, click on “Buy RENZEC”. Your plan will be filled as soon as a Vender sells their RENZEC for the price you introduced.
Step 5 – Withdraw renZEC (RENZEC) Unless you're regularly trading, best advise is not to keep crypto coins on an Exchange for an extensive time frame. In order to take off your renZEC (RENZEC), go to the tab called “Funds” and mouse click on “Withdraw”. renZEC (RENZEC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find renZEC (RENZEC) by using the provided drop-down box. Put into the quantity of renZEC (RENZEC) you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. When you're glad, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.