Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.
To learn more about this project, check out our deep dive of Ren.
Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.
The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.
Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.
How to Buy REN on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing REN. Some reputable platforms include LBNK, Okx, Kraken, and others.
Step 2: Register an Account
Here, we'll register an account on the OKX (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing REN.
Step 5: Purchase REN
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of REN you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy REN.
Step 6: Store Your REN
After purchasing, you can choose to store your REN in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and REN assets, be sure to use a strong password and enable two-factor authentication.
REN Price:Ren (REN) is an open protocol designed to provide interoperability and liquidity between different blockchain platforms.The price fluctuates daily, and as of March 30, 2024, the highest price for REN was $1.83.
Recommended Similar Coins: LEET, GENO
Recommended Exchanges for Trading: LBNK、Okx、Kraken