How to buy REN (REN) in Australia

Learn how to buy REN (REN) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

REN
REN- USD
$0.15
+ $0.01 ( + 3.84%)
POLKADOT-ECOSYSTEM

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How to buy REN

1. 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.

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 $ using the payment method that best suits you – bank transfer, bpay, cash and cryptocurrency payments are widely accepted.

4. Buy REN

You can now exchange your funds for REN. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your REN 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 REN in Australia

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 provider.

1 - 6 of 11
Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

364
cryptocurrencies

CoinSpot lets you buy, sell and swap 100s of cryptos from its simple-to-use desktop or app trading accounts.
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

313
cryptocurrencies

Finder Exclusive: Receive $10 BTC on sign-up and verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

304
cryptocurrencies

Finder Exclusive: Sign-Up & Verify to get the $10 Bitcoin.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
FTX Cryptocurrency Exchange
Credit card, Cryptocurrency, Wire transfer, PayID, Silvergate Exchange Network (SEN), Signature SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

274
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

367
cryptocurrencies

Earn up to USD100 in rewards by completing welcome offer tasks within 7 days of sign up. T&Cs apply.
Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

280
cryptocurrencies

Finder Exclusive: Get $10 BTC after verification. T&Cs apply.
Buy 280+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
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Compare up to 4 providers

Steps on how to buy REN

Look for an exchange that supports both fiat and cryptocurrency to simplify buying REN.

  1. Compare cryptocurrency exchanges that support REN.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy REN.
  4. Buy REN.
    Complete your REN purchase and then find the best wallet to store REN.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying REN

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.

How to sell REN

You can cash out your REN with the same exchange you bought it through:

  1. Sign in to the exchange you have REN on.
    If you store your REN in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of REN you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of REN.

Disclaimer: Cryptocurrencies, including REN, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of REN 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 REN or any other cryptocurrency discussed.

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