How to Buy renBTC (RENBTC) in Azerbaijan

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

Step 1 – Signup to Coinbase and get 10$ for free

You will first need to buy one of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and receive your first 10 Dollar.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. renBTC (RENBTC) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual)

Make sure you have chosen the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

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

Once your deposit has been confirmed, you'll now have access to your assets and you can commence purchasing and trading. To purchase {renBTC (RENBTC)|(RENBTC) renBTC} on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”.

In order to discover {renBTC (RENBTC)|(RENBTC) renBTC}, you'll need to put the shortname of the coin (RENBTC) into the search box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we've highlighted this also. Click on “RENBTC/BTC” to advance.

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

Once you have located {renBTC (RENBTC)|(RENBTC) renBTC}, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest price {renBTC (RENBTC)|(RENBTC) renBTC} was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of RENBTC you wish to purchase. The ”Total” field is the whole price in BTC that you'll settle for the complete quantity of RENBTC.

If you are glad, click on “Buy RENBTC”. Your order will be filled as soon as a Seller trades their RENBTC for the price you introduced.

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

Unless you are frequently trading, never keep your coins on an Exchange for an extensive time frame. To withdraw your {renBTC (RENBTC)|(RENBTC) renBTC}, hover over the ”Funds” tab and click on “Withdraw”. {renBTC (RENBTC)|(RENBTC) renBTC} can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {renBTC (RENBTC)|(RENBTC) renBTC} by using the provided drop-down box. Drop in the quantity of {renBTC (RENBTC)|(RENBTC) renBTC} you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address.

When you are satisfied, click on “Submit”. You may be asked for phone/email verification before a take off.

Congratulations! You've successfully purchased and safed renBTC (RENBTC) in Azerbaijan.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on network usage). Once you've proved your take off using Ethplorer.io or Etherscan.io and the {renBTC (RENBTC)|(RENBTC) renBTC} is safe inside your wallet, you're all done.

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