A Step-by-Step-Guide on how to buy renBCH (RENBCH)
Step 1 – Join Coinbase and recieve 10$ for free You will first need to buy one of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and getting your first 10 Dollar.
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. renBCH (RENBCH) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find renBCH (RENBCH) Once your deposit has been affirmed, you will instantly have access to your assets and you can commence purchasing and trading. To invest in renBCH (RENBCH) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To spot renBCH (RENBCH), you will need to insert the shortname of the coin (RENBCH) into the search-box, which is highlighted in the picture. Be certain of having selected the correct grouping, we've highlighted this also. Click on “RENBCH/BTC” to proceed.
Step 4 – Buying renBCH (RENBCH) Once you have discovered renBCH (RENBCH), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date valuation renBCH (RENBCH) was sold for. You can change this to your preferred price. The ”Amount” field is the quantity of RENBCH you wish to purchase. The ”Total” field is the whole price in BTC that you'll settle for the whole quantity of RENBCH. If you are glad, make a mouse click on “Buy RENBCH”. Your plan will be filled when a Vender trades their RENBCH for the price you offered.
Step 5 – Withdraw renBCH (RENBCH) Unless you are regularly trading, never keep your coins on an Cryptocurrency Exchange for an extended time period. In order to take off your renBCH (RENBCH), hover over the tab called “Funds” and mouse click on “Withdraw”. renBCH (RENBCH) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate renBCH (RENBCH) by using the given drop-down box. Enter the volumen of renBCH (RENBCH) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you are happy, click on “Submit”. You could be requested for email/phone verification before a withdrawal.