Buy REN today
Buy REN today
- Own REN and 70+ other cryptoassets
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Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Capital gains tax on profits may apply.
How to buy REN (REN) in the UK
Learn how to buy REN (REN) on 8+ crypto exchanges in our step-by-step guide.
REN (REN) is the 338th largest cryptocurrency by market cap, valued at US$74,312,421.
REN is a highly volatile asset capable of major price swings in a single day. Today REN is trading for $0.074657 USD, which is lower than yesterday's trading price of $0.0761161931 USD. Over the past year, REN's price has seen a decrease of -43%.
So before you buy REN, make sure you understand these unique risks as well as its legal and tax status here in the UK.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy REN.
How to buy REN 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.
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Compare crypto exchanges
The easiest way to buy REN 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.
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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.
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Make a deposit
Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
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Buy REN
You can now exchange your funds for REN. 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 REN to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Where to buy REN in the UK
Find an exchange to buy, sell and trade REN by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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How we keep this REN guide up-to-date
- REN price data is regularly updated through data feeds so you always have the latest information.
- REN 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 REN?
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 the UK 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 REN?
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 REN.
- 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 REN 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 is the easiest way to buy REN?
The easiest way to buy REN 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 REN, 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 Analysis tools to get an idea of how the price of REN has been performing recently.
Best REN wallets to store your REN
You can keep your REN 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 REN below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Is REN a good investment?
Cryptocurrencies can be extremely volatile assets. Before making a cryptocurrency purchase it is crucial to evaluate all factors that may influence the token price. In the case of REN, here are some things worth considering:
- Adoption: Ren aims to tackle issues surrounding the interoperability of blockchains. The connectivity of different blockchains is one of the key stumbling blocks of wider cryptocurrency adoption. Ren’s solution to the problem is novel and makes it a key contender in the space. However, Ren’s success will truly hinge on the adoption of its protocol by decentralised applications.
- Use-case: The primary use case of the REN token is for the operation of Darknodes on the network. Each Darknode requires a 100,000 REN commitment. The price of REN is therefore directly correlated to the demand for Darknode creation. If more people want to become Darknode operators on the network, the demand and in turn scarcity of REN will increase.
- Decentralisation: Ren has a three-phase strategy for a transition to decentralisation. The final stage will be when the network is fully decentralised, and development of the platform will be in the hands of REN holders and node operators. You can find out more at the Ren wiki.
Additional information about REN can be found using our REN analysis tools.
Today's REN price versus ATH
Compare today's price of REN ($0.074657 USD) against its all-time-high price of $1.8 USD on 20 February 2021. The closer the bar is to 100%, the closer REN is to reaching its ATH again.
REN's price: $0.074657
ATH date: February 20, 2021
ATH date: February 20, 2021
4.15%
REN ATH: $1.8
How to trade, convert or sell REN
You can convert or sell your REN with the same exchange you bought it through:- Sign in to the exchange you have REN on.
- If you store your REN in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of REN you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of REN.
- Complete your transaction and move your REN to a wallet for storage.
Get started with crypto
Crypto exchanges and wallets
Learn about other cryptos
* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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