A Step-by-Step-Guide on how to buy renBCH (RENBCH)
Step 1 – Signup to CEX.io You'll first need to buy units of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and receive your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. renBCH (RENBCH) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a Bitcoin 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 (Just follow our manual).
Step 3 – Locate renBCH (RENBCH) As soon as your deposit has been verified, you'll instantly have access to your finances and you can launch invest and trading. To purchase renBCH (RENBCH) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot renBCH (RENBCH), you'll need to put the shortname of the coin (RENBCH) into the search box, which is highlighted in the image. Make sure you have choosen the right pairing, we have highlighted this also. Click on “RENBCH/BTC” to go on.
Step 4 – Buying renBCH (RENBCH) After you have found renBCH (RENBCH), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we are going to make our own Limit Order. The ”Price” field will be automatically filled with the latest price renBCH (RENBCH) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of RENBCH you wish to buy. The ”Total” field is the aggregated price in BTC that you will settle for the complete quantity of RENBCH. If you're glad, click on “Buy RENBCH”. Your plan will be filled as soon as a Vender sells their RENBCH for the price you gave.
Step 5 – Withdraw renBCH (RENBCH) Unless you are frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time frame. To take off your renBCH (RENBCH), go to the tab called “Funds” and 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 quantity of renBCH (RENBCH) you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you are happy, click on “Submit”. You may be asked for email/phone verification before a take off.