A Step-by-Step-Guide on how to buy renBTC (RENBTC)
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy units of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and getting your first 10 Dollar.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. renBTC (RENBTC) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate (RENBTC) renBTC As soon as your deposit has been confirmed, you will immediately have access to your finances and you can start purchasing and trading. To invest in (RENBTC) renBTC on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to spot (RENBTC) renBTC, you will need to insert the short name of the asset (RENBTC) into the search box, which is marked in the image. Make sure you have selected the proper pairing, we've marked this also. Click on “RENBTC/BTC” to go on.
Step 4 – Buy renBTC (RENBTC) Once you have spotted renBTC (RENBTC), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to create our Limit Order. The field with the “Price” tag will be filled with the most recent tariff renBTC (RENBTC) was traded for. You can change this to your favoured price. The ”Amount” field is the quantity of RENBTC you wish to buy. The ”Total” field is the whole price in BTC that you will settle for the whole quantity of RENBTC. When you're happy, make a mouse click on “Buy RENBTC”. Your plan will be filled as soon as a Vender sells their RENBTC for the price you offered.
Step 5 – Withdraw renBTC (RENBTC) Unless you are regularly trading, never keep your crypto on an Exchange for an extensive period of time. To take off your renBTC (RENBTC), hover over the ”Funds” tab and mouse click on “Withdraw”. renBTC (RENBTC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate renBTC (RENBTC) by using the provided drop-down box. Put into the quantity of renBTC (RENBTC) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you are satisfied, click “Submit”. You may be asked for phone/email verification ahead of a take off.