A Step-by-Step-Guide on how to buy renBTC (RENBTC)
Step 1 – Join CEX.io In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and getting your Ethereum or Bitcoin.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. renBTC (RENBTC) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate renBTC (RENBTC) Once your deposit has been confirmed, you will instantly have access to your assets and you can commence buying and trading. To invest in renBTC (RENBTC) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. To discover renBTC (RENBTC), you will need to put the cointype (RENBTC) into the search-box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have marked this also. Click on “RENBTC/BTC” to go ahead.
Step 4 – Purchasing renBTC (RENBTC) As soon as you've spotted renBTC (RENBTC), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're making our own Limit Order. The ”Price” field will be filled with the latest price renBTC (RENBTC) was sold for. This can be changed to your favoured rate. The ”Amount” field is the amount of RENBTC you want to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the complete amount of RENBTC. When you're happy, make a mouse click on “Buy RENBTC”. Your order will be filled when a Vender trades their RENBTC for the price you gave.
Step 5 – Withdraw renBTC (RENBTC) Unless you are frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your renBTC (RENBTC), go to the ”Funds” tab and click on “Withdraw”. renBTC (RENBTC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate renBTC (RENBTC) by using the given drop-down box. Enter the amount of renBTC (RENBTC) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you are glad, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.