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How to buy renBTC (RENBTC) in Canada

Learn how to buy renBTC (RENBTC) in our step-by-step guide.

renBTC
RENBTC- USD
$28,187.00
- $321.14 ( - 1.13%)
DEFI
Buy renBTC

renBTC (RENBTC) is the 951st largest cryptocurrency by market cap, valued at US$8,660,519.

renBTC is a highly volatile asset capable of major price swings in a single day. Today RENBTC is trading for $28475 USD, which is lower than yesterday's trading price of $29,440.45 USD. Over the past year, renBTC's price has seen an increase of 48%.

So before you buy renBTC, make sure you understand these unique risks as well as its legal and tax status here in Canada.

If you're ready to get started, read on for step-by-step instructions on how you can buy renBTC.

How to buy renBTC in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy renBTC is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit CAD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy renBTC
    You can now exchange your funds for renBTC. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your renBTC to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy renBTC in Canada

Find an exchange to buy, sell and trade RENBTC by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 1 of 1
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
CEX.IO Cryptocurrency Exchange
CEX.IO Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, SEPA, Faster Payments (FPS), SWIFT
USD, EUR, GBP, CAD

145
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
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How we keep this renBTC guide up-to-date

  • RENBTC price data is regularly updated through data feeds so you always have the latest information.
  • renBTC performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy renBTC?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy renBTC?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading renBTC.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing RENBTC with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy renBTC?

Once you've created an account, you will need to deposit funds to buy RENBTC with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy RENBTC:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase RENBTC by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for RENBTC on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy renBTC?

The easiest way to buy RENBTC is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying RENBTC, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of renBTC has been performing recently.

Best renBTC wallets to store your RENBTC

You can keep your RENBTC on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your RENBTC below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Go to site

Supported assets

5,500+

Supported assets

1,456+

Price (USD)

$149

Price (USD)

$219

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is renBTC a good investment?

Before any cryptocurrency purchase, it is always best practice to perform due diligence on both the token and the associated platform. Here we have outlined a few factors which investors should keep in mind before buying ZKS:
  • Supply. The maximum supply of ZKS is capped at 1 billion tokens. 60% of these have been allocated as incentives for users, including those distributed in airdrops and mining processes. The ZKS incentive plan is set to take place over 4 years. The remaining 40% is distributed as follows: 15% for the ZKSwap team, 8% for ecosystem developers and ecosystem growth, 7% for angel investors, 5% for further investment rounds, 4% for initial liquidity and 1% for advisors
  • Ultra-High TPS. By implementing zk-rollup technology, transactions per second (tps) on ZKSwap are significantly higher when compared to the Ethereum blockchain. The platform can process 100 transactions every 15 seconds. It remains the key unique feature of ZKSwap and solves transaction efficiency and wait time.
  • Zero Gas Fees. Transaction fees for liquidity providers and traders are reduced to zero on ZKSwap. This significantly reduces the threshold for use, which should encourage adoption of the platform.
  • Governance. The protocol is managed via a community governance plan. gZKS tokens, the tokens required for casting votes in the governance plan, can be acquired by locking ZKS tokens into the platform. gZKS tokens are minted on a 1:1 ratio with ZKS. Holders of gZKS tokens are eligible to vote and participate in all proposals. Users holding more than 50,000 gZKS can suggest new proposals.

Today's renBTC price versus ATH

Compare today's price of renBTC ($28475 USD) against its all-time-high price of $68977 USD on 10 November 2021. The closer the bar is to 100%, the closer RENBTC is to reaching its ATH again.

renBTC's price: $28475
ATH date: November 10, 2021
41.28%

renBTC ATH: $68977


How to trade, convert or sell renBTC

You can convert or sell your RENBTC with the same exchange you bought it through:
  1. Sign in to the exchange you have RENBTC on.
  2. If you store your renBTC in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of RENBTC you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of renBTC.
  6. Complete your transaction and move your RENBTC to a wallet for storage.
  1. Ren Project Litepaper
  2. Ren Project
  3. Data by CoinGecko

Disclaimer: Cryptocurrencies, including renBTC, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of RENBTC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the renBTC or any other cryptocurrency discussed.

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