A Step-by-Step-Guide on how to buy renZEC (RENZEC)
Step 1 – Signup to CEX.io You will first need to buy one of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and getting your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. renZEC (RENZEC) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you've chosen the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find renZEC (RENZEC) As soon as your deposit has been affirmed, you'll directly have access to your assets and you can initiate invest and trading. To buy renZEC (RENZEC) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. To discover renZEC (RENZEC), you'll need to put the short name of the asset (RENZEC) into the search-box, which is marked in the graphic. Make sure you have choosen the right pairing, we've marked this too. Click on “RENZEC/BTC” to proceed.
Step 4 – Buying renZEC (RENZEC) After you have spotted renZEC (RENZEC), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to create our Limit Order. The ”Price” field will be automatically filled with the most latest tariff renZEC (RENZEC) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of RENZEC you like to buy. The ”Total” field is the total price in BTC that you'll pay for the complete volumen of RENZEC. If you're glad, make a mouse click on “Buy RENZEC”. Your plan will be filled when a Seller trades their RENZEC for the price you gave.
Step 5 – Withdraw renZEC (RENZEC) Unless you are frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time period. In order to take off your renZEC (RENZEC), hover over the ”Funds” tab and click on “Withdraw”. renZEC (RENZEC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate renZEC (RENZEC) by using the given drop-down box. Enter the volumen of renZEC (RENZEC) you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you are happy, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.