A Step-by-Step-Guide on how to buy renZEC (RENZEC)
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and receive your Bitcoin or Ethereum.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. renZEC (RENZEC) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate renZEC (RENZEC) As soon as your deposit has been approved, you'll directly have access to your finances and you can start invest and trading. To purchase renZEC (RENZEC) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To spot renZEC (RENZEC), you'll need to insert the short name of the asset (RENZEC) into the search box, which is marked in the graphic. Be certain of having choosen the proper grouping, we've marked this also. Click on “RENZEC/BTC” to proceed.
Step 4 – Purchase renZEC (RENZEC) Once you've spotted renZEC (RENZEC), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be filled with the latest price renZEC (RENZEC) was traded for. You can change this to your desired rate. The ”Amount” field is the quantity of RENZEC you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you will pay for the whole quantity of RENZEC. If you are happy, make a mouse click on “Buy RENZEC”. Your order will be filled as soon as a Vender sells their RENZEC for the price you introduced.
Step 5 – Withdraw renZEC (RENZEC) Unless you're trading, best advise is not to keep your crypto on an Crypto Trader for an extended time period. To withdraw your renZEC (RENZEC), go to the ”Funds” tab and mouse click on “Withdraw”. renZEC (RENZEC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate renZEC (RENZEC) by using the provided drop-down box. Drop in the amount of renZEC (RENZEC) you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. When you're satisfied, click “Submit”. You may be requested for email/phone verification ahead of a take off.