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 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. REN (REN) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you've selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate REN (REN) As soon as your deposit has been confirmed, you will now have access to your funds and you can initiate purchasing 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 find REN (REN), you will need to insert the short name of the asset (REN) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we have marked this also. Click on “REN/BTC” to continue.
Step 4 – Buying REN (REN) Once you have spotted REN (REN), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're going to create our own Limit Order. The ”Price” field will be filled with the most latest tariff REN (REN) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of REN you want to buy. The ”Total” field is the aggregated price in Bitcoin that you will settle for the complete amount of REN. If you're happy, click on “Buy REN”. Your order will be filled as soon as a Seller trades their REN for the price you offered.
Step 5 – Withdraw REN (REN) Unless you're frequently trading, never keep your coins on an Crypto Exchange for an extended time period. In order to withdraw your REN (REN), go to the ”Funds” tab and mouse click on “Withdraw”. REN (REN) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find REN (REN) by using the given drop-down box. Put into the volumen of REN (REN) you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you are satisfied, click “Submit”. You may be asked for email/phone verification ahead of a take off.