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 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. 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 Trader? (Follow these easy steps) Make sure you have selected the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate REN (REN) Once your deposit has been approved, you'll instantly have access to your assets and you can commence buying and trading. To purchase REN (REN) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to spot REN (REN), you'll need to insert the cointype (REN) into the search box, which is marked in the image. Make sure you have choosen the right pairing, we've highlighted this also. Click on “REN/BTC” to progress.
Step 4 – Purchasing REN (REN) Once you've found 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 picture). And now we are going to create our own Limit Order. The ”Price” field will be filled with the most recent valuation REN (REN) was traded for. This can be changed to your preferred rate. The ”Amount” field is the amount of REN you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole volumen of REN. When you are glad, make a mouse click on “Buy REN”. Your order will be filled as soon as a Vender trades their REN for the price you offered.
Step 5 – Withdraw REN (REN) Unless you are regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extensive time frame. To withdraw your REN (REN), hover over the tab called “Funds” and mouse click on “Withdraw”. REN (REN) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate REN (REN) by using the given drop-down box. Put into the volumen of REN (REN) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. If you're glad, click on “Submit”. You could be asked for email/phone verification ahead of a take off.