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 Funds to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. REN (REN) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you've chosen the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Locate REN (REN) As soon as your deposit has been verified, you will now have access to your funds and you can start buying and trading. To invest in REN (REN) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. In order to discover REN (REN), you'll need to insert the shortname of the coin (REN) into the search box, which is marked in the image. Make sure you have selected the correct grouping, we have highlighted this too. Click on “REN/BTC” to advance.
Step 4 – Buy REN (REN) Once you've located REN (REN), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date 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 want to purchase. The ”Total” field is the total price in BTC that you will settle for the complete quantity of REN. If you are glad, click on “Buy REN”. Your plan will be filled as soon as a Vendor sells their REN for the price you introduced.
Step 5 – Withdraw REN (REN) Unless you are frequently trading, best advise is not to keep coins on an Exchange for an longer period of time. To take off your REN (REN), hover over the tab called “Funds” and mouse click on “Withdraw”. REN (REN) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find REN (REN) by using the provided drop-down box. Enter the quantity of REN (REN) you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. When you are glad, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.
Congrats! You've successfully bought and stored REN (REN).That's it! Withdrawals from Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (REN) REN is stored in your wallet, you're finished.
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