A Step-by-Step-Guide on how to buy REN (REN)
Step 1 – Join CEX.io You will first need to buy one of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. REN (REN) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate REN (REN) Once your deposit has been approved, you will immediately have access to your funds and you can initiate buying and trading. To purchase REN (REN) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To locate REN (REN), you will need to put the cointype (REN) into the search box, which is highlighted in the picture. Be certain of having selected the right grouping, we have highlighted this too. Click on “REN/BTC” to continue.
Step 4 – Purchasing REN (REN) Once you have discovered REN (REN), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff REN (REN) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of REN you want to purchase. The ”Total” field is the whole price in BTC that you will pay for the whole quantity of REN. If you are happy, click on “Buy REN”. Your order will be filled as soon as a Vender sells their REN for the price you offered.
Step 5 – Withdraw REN (REN) Unless you are regularly trading, best advise is not to keep coins on an Crypto Trader for an longer time frame. In order to withdraw your REN (REN), hover over the ”Funds” tab and click on “Withdraw”. REN (REN) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate REN (REN) by using the provided drop-down box. Put into the volumen of REN (REN) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address. When you are satisfied, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.