How to Buy renBTC (RENBTC) in Australia

A Step-by-Step-Guide on how to buy renBTC (RENBTC) in Australia

Step 1 – Join Coinmama

In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and receive your ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. renBTC (RENBTC) 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 these easy steps)

Make sure you have chosen the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find {renBTC (RENBTC)|(RENBTC) renBTC}

Once your deposit has been verified, you will directly have access to your funds and you can launch buying and trading. To buy {renBTC (RENBTC)|(RENBTC) renBTC} on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To discover {renBTC (RENBTC)|(RENBTC) renBTC}, you will need to put the short name of the asset (RENBTC) into the search box, which is marked in the picture. Make sure you have selected the right grouping, we've marked this also. Click on “RENBTC/BTC” to proceed.

{How to buy Coin on Binance 1|Binance How To Buy 1} renBTC (RENBTC)
Step 4 – Buying {renBTC (RENBTC)|(RENBTC) renBTC}

After you've located {renBTC (RENBTC)|(RENBTC) renBTC}, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are creating our own Limit Order.

The field with the “Price” tag will be filled with the up-to-date tariff {renBTC (RENBTC)|(RENBTC) renBTC} was sold for. This can be changed to your preferred rate. The ”Amount” field is the quantity of RENBTC you want to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole quantity of RENBTC.

When you are satisfied, click on “Buy RENBTC”. Your plan will be filled as soon as a Seller sells their RENBTC for the price you submitted.

Step 5 – Withdraw {renBTC (RENBTC)|(RENBTC) renBTC}

Unless you are frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive period of time. In order to take off your {renBTC (RENBTC)|(RENBTC) renBTC}, hover over the tab called “Funds” and mouse click on “Withdraw”. {renBTC (RENBTC)|(RENBTC) renBTC} can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {renBTC (RENBTC)|(RENBTC) renBTC} by using the provided drop-down box. Put into the amount of {renBTC (RENBTC)|(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.

If you are glad, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.

Kudos! You've successfully purchased and safed renBTC (RENBTC) in Australia.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the {renBTC (RENBTC)|(RENBTC) renBTC} is safe within your wallet, you are finished.

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