A Step-by-Step-Guide on how to buy renBTC (RENBTC) in Anguilla
Step 1 – Signup to Coinmama In the beginning you'll need to purchase units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. renBTC (RENBTC) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Find renBTC (RENBTC) Once your deposit has been confirmed, you'll directly have access to your funds and you can commence purchasing and trading. To purchase renBTC (RENBTC) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To locate renBTC (RENBTC), you'll need to insert the short name of the asset (RENBTC) into the search-box, which is marked in the graphic. Be certain of having choosen the right grouping, we've marked this also. Click on “RENBTC/BTC” to go on.
Step 4 – Purchase renBTC (RENBTC) Once you have found renBTC (RENBTC), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date tariff renBTC (RENBTC) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of RENBTC you wish to purchase. The ”Total” field is the whole price in BTC that you will pay for the whole volumen of RENBTC. If you're happy, make a mouse click on “Buy RENBTC”. Your order will be filled when a Vendor sells their RENBTC for the price you introduced.
Step 5 – Withdraw renBTC (RENBTC) Unless you are frequently trading, never keep your crypto on an Crypto Exchange for an extended time period. To take off your renBTC (RENBTC), go to the tab called “Funds” and click on “Withdraw”. renBTC (RENBTC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find renBTC (RENBTC) by using the provided drop-down box. Put into the quantity of renBTC (RENBTC) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. If you're glad, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.
Congrats! You have successfully bought and stored renBTC (RENBTC) in Anguilla.That's it! Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the renBTC (RENBTC) is stored within your wallet, you're all done.
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