How to buy Ren (REN) on Binance
Binance could be considered one of the world’s top trading platforms.
However, if you want to start trading on it, the first thing you have to do is to discover how to buy Ren (REN).
Prior to getting into the exciting realm of crypto on the Binance platform, you should get acquainted with the following.
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Understand how to register on Binance
Opening a Binance account is the initial step you need to accomplish.
To do so, you have to follow each one of the steps below.
On the Binance homepage you must locate the "Register" button and press it.
You have the direct access here.
Locate the "Register with a phone or email" button in the homepage and click on it.
Apple tablets or phones can be used as well.
In this guide, we’ll will describe how to register using an email address.
- From the drop down list of countries, choose the one you reside.
- Now the crucial step: password. Define an alphanumeric word rare enough not to be simply deducted. Never use your name, birth date or things like that. Keep in mind that it’s your money what will be secured by that password
- Indicate whether you would want Binance to send news and information direct to your e-mail. Accept the "Terms of Service" and press "Create Account"
The Binance platform will automatically send a one-time-only activation keycode (remember: this is NOT the password you’ve created) that you’ll write it in the corresponding box, then press "Send"
Finally, your Binance enrollment has been activated.
Take a time to get acquainted to the different options of the Binance platform by visiting them.
This way you mayit is possible to start trading Ren (REN) without difficulty.
To get access to these options, the first thing you must do is complete the identity checking.
It is very important to note that until you fulfill this safety measure, youwon’t be able to begin trading Ren (REN).
No big deal, though. Continue reading through the next paragraphs to complete that step.
Learn to complete the verification of your account and start trading
Read the next guidelines and become an authorized end user:
On the main screen, place the mouse pointer on the user profile button and a list will immediately drop down where you will need to press "Security"
Another option is to go to the top of the screen and press the "Verify" button
In the list shown on the left-hand area of the navigator window, pick the "Identification" option.
Country of residence must be picked here.
The platform will show you 3 levels of verification: the current one, the Verified, and the Verified Plus.
At this moment, you should choose "Verified", clicking on the "Start now" option under that label.
Then it displays a pop-up window in which you must tytpe the following information:
- Nationality.
- First Name and Surname.
- Middle name and birth date.
- Residence address (exact).
Here, the Binance platform will ask you to use a legal document for identity verification.
Use your passport, ID card or even your driver’s license to complete this step.
Now the platform will require you to take a selfie under certain conditions.
Now you’ll have to wait for a short time while an account confirmation process takes place.
When your application has been approved, you will be notified via email, just be patient.
Upon receiving that e-mail it’s time to purchase Ren (REN), just see the guidelines below.
Purchasing Ren (REN) on Binance
Now that you are subscribed to the platform and have your account approved, you can begin trading.
First you need to discover how to invest your money in Ren (REN).
Here, the Binance platform will ask you to present a legal document for identity corroboration.
ID card, passport or even a driver’s license are all valid documents to fulfill this formality.
Follow the system requirements to take a selfie.
After completing all those steps, the Binance platform will carry out a confirmation process on your account.
Now you must wait until your request has been accepted. Be patient, Binance will let you know via email.
The following instructions will guide you through the Ren (REN) trading process. As soon as you’ve received the confirmation email, you are a Binance licensed Ren (REN) trader.
Purchasing Ren (REN) on Binance
Starting your Ren (REN) trading adventure has never been so easy, right?.
Learning how to buy a Ren (REN) is actually quite easy.
Some processes would probably have alternative paths
Look for the "Buy cryptos" menu on the Binance main page to know which alternatives you have when buying.
You need to, of course, do that once you are logged into your account
Place your mouse on this key and a list of buying alternatives will be displayed.
Next, you’ll have to to show a legal document to verify your identity.
passport, ID card or even a driver’s license are all valid documents to fulfill this formality.
Follow the system requirements to take a selfie.
The last step will be carried out by the Binance system: a verification process that will just take a while.
Now be patient, Binance will send you an e-mail once your request has been approved.
Congrats! As soon as you’ve got the confirmation you’re officially licensed to operate with Ren (REN). See the guidelines that follow.
Learn to purchase Ren (REN) on Binance
Now that you have subscribed to the Binance platform and have your account validated, you are OK to begin trading.
In this segment you’ll realize how simple is to convert money into Ren (REN).
Be aware that you may find different options for this process
Use the "Buy cryptos" menu on the Binance homepage to find out which options are available to you when buying.
Obviously, you’ll only be able to do this if you’re logged in
Placing your mouse pointer over this button will show a list of alternatives to make your purchase.
Buying Ren (REN) using a credit/debit card
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
These instructions will help you in the process:
In the next box, choose the currency you’d like to use and enter how much you want to invest.
The the Ren (REN) you intend to get must be selected from the second field
The number of Ren (REN) you are going to receive will depend upon the amount of USD you’ve recently indicated. The Binance system will immediately show it to you.
After that, just stick to these instructions:
In the next box, choose the currency you’d like to use and enter the amount you want to invest.
The the Ren (REN) you wish to purchase should be indicated in the second field
Once you do so, the platform will automatically show you the number of Ren (REN) you are going to be given, according the amount of USD you have recently defined.
Press "Continue".
To add your CC as a payment method, go to the "Visa/Mastercard" box and click on the "Add card" button.
Then the platform will ask you to indicate your card numbers.
Now indicate the physical address details for the CC. Then select "Add card".
Click "Continue" after you notice your card has been successfully included in your user profile as a new payment method.
Next, all the relevant details of the transaction will be presented: the sum to be charged on your credit card and the corresponding currency, and of course, the cryptos you will receive.
It will also let you know the commission you will need to pay for the purchase.
Now you must validate the order clicking on the "Confirm" button within the next 60 seconds, or it will be automatically shut down.
Next, you will be sent towards the site of the credit card issuing bank. Proceed just as you usually do when making a normal online credit card payment.
When the banking process has been completed, you are already in possession of the purchased Ren (REN) in your Binance digital wallet (called the «Spot Wallet»)
Buy Ren (REN) via Binance P2P
Another option you may use to buy a cryptocurrency is to exchange it
with another user. Payment method is the first parameter you should specify.
Next, you’ll see a summary of the operation about to be completed. That includes the sum you will pay, the selected currency and the quantity of Ren (REN) purchased.
Another important detail in this snapshot is the amount Binance will charge you as a commision for making the purchase.
Now you must accept the order pressing the "Confirm" button within the next minute, or it will be automatically aborted.
The next step needs to be done on the credit card bank webpage. Follow the guidelines in the same way you would pay with your card.
When the banking procedure has been finished, you are already in possession of the recently bought Ren (REN) in your Binance digital wallet (referred to as the «Spot Wallet»)
Purchase Ren (REN) with Binance P2P
You could buy Ren (REN) not only via a direct purchase, but exchanging them «Person To Person»
with another Binance trader too. To get this done, the first step is to define the payment method you would want to work with.
- Login to the "Security" panel of your profile.
- Look for the "Payment" option in the menu you’ll see on the left-hand side of the screen and choose it.
- After Selecting "Add a Payment Method" the Binance platform will guide you through the rest of the procedure.
After you finished adding the new method of payment to your account, go to the "Buy Crypto" menu (upper bar of the navigator), find the "Trading P2P" button, and follow the directions below:
- Locate the "Buy" button on the upper bar of the "P2P Account" tab and click it
- All the Ren (REN) available for purchase via P2P trading will be shown in this list, so you will be able to choose the one you want. As for this example, we will present «USDT».Buying one of these Ren (REN) in P2P trading will allow the subscriber to exchange it on Binance for any of the currencies available.
- Choose the local currency you want to use from the drop-down list under the "Fiat" column, for instance, «VES».
- In the "Amount" box, enter the sum in VES you intend to invest.
- You will be able to see a list of traders offering cryptos as soon as you’ve chosen the payment method.
- Any of the sellers shown in the list can be selected, although it is recommendable to select a verified one (with the blue diamond marking), and even better, a high-volume seller (gold star badge).
- Select "Buy USDT"
- Type the amount in VES you want to invest
- Again, press "Buy USDT"
- A buying order has been opened and the trader and you will be able to contact each other for further details, if needed. You have a limited time to make the payment, if you fail doing so the order will be shut down by the platform (something bad for your reputation as a buyer). Once you paid, press "Transferred, Next" and then press "Confirm".
Tips on how to transfer your Ren (REN) to the Spot Wallet
The trader, upon confirming payment reception, will automatically release the Ren (REN).
The default place where Ren (REN) are transferred to is your account wallet.
However, in order for you to buy any other Ren (REN), you must move them to your Spot Wallet.
That’s easy: just press "Transfer to Spot Wallet" right after the buying order is completed.
If you didn’t follow this step, don’t fear, you can do it at any other time.
How you can transfer your Ren (REN) to the Spot Wallet
Cryptos will be released by the trader as soon as money reception validation has been done.
The default place where Ren (REN) are deposited is your account wallet.
But in case you want to get any other Ren (REN), you must move them to your Spot Wallet.
That’s easy: just click on "Transfer to Spot Wallet" once the buying order has been completed.
This Ren (REN) internal movement can be performed anytime later.
- Place the mouse pointer over "Wallet" and select "Wallet Funds" from the drop-down list.
- Then press "Transfer" option on the upper right area of the navigator window.
- A pop-up window will open, where you must configure the options to:
- From: "Funds"
- To: "Fiat and Spot"
- For this article, we will use «USDT» as an example, but you’ll obviously choose the currency you have
- Input the cryptos you are moving to the spot walet and click "Confirm".
That’s all! Now you will have funds in the Spot Wallet so you will be able to purchase any of the huge selection of Ren (REN) within the Binance platform.
Discover how simple is to purchase any crypto from Binance:
- Pick the "Trading" option in the top top panel.
- Pick "Convert" from the list.
- Fill in the box the sum of «USDT» you wish to invest.
- Now select the cryptocurrency you’re interested in.
- Press "Preview conversion".
- Confirm the operation and that’s it. You will have the funds of the selected crypto in your Spot Wallet.
That’s it! Now you will have funds in the Spot Wallet so you will be able to purchase any of the numerous Ren (REN) within the Binance platform.
Buy any cryptocurrency from Binance just following the steps described next:
- Pick the "Trading" menu in the top panel.
- From that listing choose the "Convert" option.
- Type the amount of «USDT» you want to spend.
- Now mark the cryptocurrency you’re interested in.
- Select "Preview conversion".
- Validate the operation and that’s all. You will have the funds of the selected cryptocurrency in your Spot Wallet.
You’ve already learned how simple is to start trading Ren (REN) on Binance.
The future of money trading relies on Ren (REN)., and Binance is a safe and friendly site to do business. Start today!