How to Buy Ren (REN)

Ren allows holders to transfer crypto assets (like Bitcoin) across different blockchains, lock these assets in a smart contract, and, in return, receive the equivalent amount in ERC-20 tokens. These tokens can be subsequently used in DeFi applications on the Ethereum blockchain.

The REN cryptocurrency token enables holders to pay for operations on the Ren network.

Are you looking to access decentralized finance (DeFi) applications without selling your assets? Learn more about how REN derives its value, head over to our Learn Center and read our What is Ren? guide. 

If you’re looking to access Ren and pay for operations on its network, you may wish to purchase REN.

There are a number of ways to buy REN. However, many find that it is easiest to purchase it through a trusted global exchange like Kraken. 

Kraken offers some of the lowest fees in the industry and is constantly rated one of the most secure and trusted crypto exchanges in the world. Keeping Ren on an exchange like Kraken matters because if you lose the private key to the REN in a private wallet, it can be challenging if not impossible to recover your funds. 

At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you. 

Follow the steps below to start buying REN on Kraken: 

1. Sign up for a Kraken account.
   Enter an email address, username and a strong password to protect your account.

2. Verify your account. 
   After providing your name, date of birth, country of residence and phone number, you can deposit crypto to buy REN and other cryptocurrencies like ADA or LINK. In order to use cash (i.e. USD, EUR or CHF), you’ll need to provide our experts with additional documents verifying your identity. Read about our verification processes here. 

3. Add funds or a payment method to your account
   We support multiple funding and payment methods, whichever you choose will be based on your location and preferences. 

4. Purchase REN!
   Once your account is funded with cash, you’re ready to buy REN. You’ll also get access to our advanced charting tools, 24-hour global client support and futures trading*. All of these features are why millions of global traders love Kraken.

Note: Trading REN is not available to residents of Australia and Japan at this time.

*Trading futures, derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken’s risk disclosure to learn more.

 

 

Once you buy REN, you’ll need somewhere to safely store your cryptocurrency. 

Kraken is secure, but it’s always safest to keep your REN in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.

When choosing a crypto wallet for your REN, spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.

Ready to help players access Ethereum applications with their crypto assets? Click the button below to buy REN on Kraken today!