Last update: Jun 6, 2022

How to Buy Ren (REN)

So you’re looking for a guide on how to buy Ren. Depending on your country, you’ll have a few cryptocurrency trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy Ren – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Ren of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy Ren

Now that you have what you need to buy Ren, head over to the market or buy section of the cryptocurrency trading platform and buy some REN.

If the crypto exchange doesn’t have any Ren on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Ren first), and trade your Ethereum for Ren.

Where to Buy Ren (REN)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Ren

1. Sign into the crypto exchange where you bought Ren.
2. Move your Ren to the right place on the exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell Ren.

 

How to Buy Ren (REN) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Ren in Australia, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy Ren if it’s available. If the exchange doesn’t have Ren. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ren), and trade your ETH for Ren.

It’s also possible to check out our comparison of the most reliable Australian crypto exchanges if you’re curious to know more about which ones we prefer.

How to Buy Ren (REN) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Ren in Canada, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy Ren if it’s available. If the exchange doesn’t have Ren. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ren), and trade your ETH for Ren.

It’s also possible to check out our comparison of the best places to buy bitcoin in Canada if you’re curious to know more about the exchanges we would recommend.

How to Buy Ren (REN) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Ren in the UK, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy Ren if it’s available. If the exchange doesn’t have Ren. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ren), and trade your ETH for Ren.

Alternatively, if you want to know more about the exchanges we like, check our list of the top crypto exchanges in the UK.

Considering buying Ren? REN Rundown

Ren (REN), an open protocol, is designed to allow interoperability between different Blockchain platforms and liquidity.

Previously known as Republic Protocol. Ren launched RenVM in May 2020 after completing a $34 Million initial coin offering ( ICO).

The protocol's native token, REN functions as a bond to those who run nodes that power RenVM (also known as Darknodes).

Ren seeks to increase interoperability and accessibility of decentralized finance ( DeFi) through removing obstacles in liquidity between blockchains.

Ren is a complex platform that has multiple uses, but ultimately it's designed to overcome the barriers to entry and invest in DeFi projects.

It allows DeFi projects to add foreign cryptocurrency assets like Bitcoin and Zcash to their offerings as a plug-in. Users can swap any token between any blockchains without intermediaries, such as using "wrapped" versions, such as Wrapped Bitcoin ( ) or Wrapped Ethereum ( ).

RenVM refers to a network of virtual machines that makes up a virtual machine. Darknodes are the machines that power RenVM's network.

Ren charges various fees to internal operations. However, most of these fees do not go toward direct profitability and are instead paid to miners. REN is an ERC-20 token and attracts varying gas charges to power transactions.

Related:

• How to Buy Reef (REEF)
• How to Buy Render Token (RNDR)