A Step-by-Step-Guide on how to buy REN (REN)
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and to get Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. REN (REN) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you have selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find REN (REN) As soon as your deposit has been affirmed, you'll directly have access to your funds and you can begin buying and trading. To purchase REN (REN) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To find REN (REN), you'll need to put the short name of the asset (REN) into the search-box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we've highlighted this too. Click on “REN/BTC” to proceed.
Step 4 – Purchase REN (REN) After you have spotted REN (REN), 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 Limit Order. The ”Price” field will be filled automatically with the latest rate REN (REN) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of REN you wish to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the whole volumen of REN. When you're glad, click on “Buy REN”. Your order will be filled when a Vender sells their REN for the price you gave.
Step 5 – Withdraw REN (REN) Unless you're regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive period of time. To withdraw your REN (REN), hover over the ”Funds” tab and click on “Withdraw”. REN (REN) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate REN (REN) by using the provided drop-down box. Enter the quantity of REN (REN) you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're satisfied, click “Submit”. You could be requested for email/phone verification ahead of a take off.