A Step-by-Step-Guide on how to buy renZEC (RENZEC) in Anguilla
Step 1 – Join Coinmama In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and receive your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. renZEC (RENZEC) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've selected the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Find renZEC (RENZEC) As soon as your deposit has been approved, you'll now have access to your finances and you can commence buying and trading. To purchase renZEC (RENZEC) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. To discover renZEC (RENZEC), you will need to put the shortname of the coin (RENZEC) into the search box, which is marked in the image. Make sure you have choosen the correct grouping, we have highlighted this also. Click on “RENZEC/BTC” to go on.
Step 4 – Acquisition of renZEC (RENZEC) After you have spotted renZEC (RENZEC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we are making our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date rate renZEC (RENZEC) was sold for. This can be changed to your preferred rate. The ”Amount” field is the quantity of RENZEC you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete amount of RENZEC. When you are satisfied, make a mouse click on “Buy RENZEC”. Your order will be filled when a Seller sells their RENZEC for the price you offered.
Step 5 – Withdraw renZEC (RENZEC) Unless you are regularly trading, best advise is not to keep your coins on an Exchange for an extended time period. To withdraw your renZEC (RENZEC), go to the ”Funds” tab and mouse click on “Withdraw”. renZEC (RENZEC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate renZEC (RENZEC) by using the given drop-down box. Enter the volumen of renZEC (RENZEC) you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you are satisfied, click “Submit”. You could be requested for phone/email verification before a take off.
Congrats! You've successfully bought and stored renZEC (RENZEC) in Anguilla.That's it! Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the renZEC (RENZEC) is safe in your wallet, you're finished.
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