How to Buy renZEC (RENZEC)

A Step-by-Step-Guide on how to buy renZEC (RENZEC)

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to purchase one of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and to get your first $10.

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. renZEC (RENZEC) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide)

Make sure you have selected the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate renZEC (RENZEC)

Once your deposit has been affirmed, you'll instantly have access to your finances and you can commence purchasing and trading. To invest in (RENZEC) renZEC on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

To spot (RENZEC) renZEC, you will need to insert the cointype (RENZEC) into the search box, which is highlighted in the image. Make sure you have selected the right grouping, we've highlighted this also. Click on “RENZEC/BTC” to advance.

Binance How To Buy 1 renZEC (RENZEC)
Step 4 – Acquisition of (RENZEC) renZEC

After you have located renZEC (RENZEC), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). And now we are going to create our Limit Order.

The “Price” field will be filled with the most latest price renZEC (RENZEC) was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of RENZEC you like to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the complete volumen of RENZEC.

When you are satisfied, make a mouse click on “Buy RENZEC”. Your order will be filled when a Vender trades their RENZEC for the price you introduced.

Step 5 – Withdraw renZEC (RENZEC)

Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time frame. In order to take off your renZEC (RENZEC), go to the tab called “Funds” and mouse click on “Withdraw”. renZEC (RENZEC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate renZEC (RENZEC) by using the provided drop-down box. Enter the volumen of (RENZEC) renZEC you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you're happy, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Kudos! You've successfully purchased and stored (RENZEC) renZEC.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the renZEC (RENZEC) is stored in your wallet, you are all done.