A Step-by-Step-Guide on how to buy renBTC (RENBTC)
Step 1 – Join CEX.io You will first need to purchase one of the major currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and to get your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. renBTC (RENBTC) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Find renBTC (RENBTC) Once your deposit has been confirmed, you will now have access to your finances and you can start invest and trading. To buy renBTC (RENBTC) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. To locate renBTC (RENBTC), you will need to put the short name of the asset (RENBTC) into the search-box, which is marked in the image. Be certain of having selected the right grouping, we've marked this too. Click on “RENBTC/BTC” to advance.
Step 4 – Purchase (RENBTC) renBTC As soon as you have located (RENBTC) renBTC, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're making our own Limit Order. The ”Price” field will be filled automatically with the most latest rate (RENBTC) renBTC was traded for. This can be changed to your favoured rate. The ”Amount” field is the volumen of RENBTC you wish to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the whole volumen of RENBTC. When you are satisfied, click on “Buy RENBTC”. Your order will be filled as soon as a Vender sells their RENBTC for the price you submitted.
Step 5 – Withdraw (RENBTC) renBTC Unless you're frequently trading, you should never keepyour crypto on an Crypto Trader for an extensive time frame. In order to withdraw your (RENBTC) renBTC, hover over the tab called “Funds” and click on “Withdraw”. (RENBTC) renBTC can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (RENBTC) renBTC by using the provided drop-down box. Put into the quantity of (RENBTC) renBTC you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.