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.
Ready to buy REN?
If you just want to start buying REN right away, click the button below to begin.
Why buy REN?
If you’re looking to access Ren and pay for operations on its network, you may wish to purchase REN.
You may want to consider buying REN if you want to:
- Diversify your long-term crypto investment strategy
- Stake REN to become a node operator
- Participate in DeFi Ethereum projects
- Support access to the Ethereum blockchain with assets from other blockchains.
Where can I buy 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.
What is the minimum REN order size?
Kraken offers a minimum order size of 5 REN to help you gain exposure to Ren if you are on a budget.
Of course, you can also execute larger REN buy orders as well. Purchase or trade 20,000 REN or more on Kraken.
How to buy REN
Follow the steps below to start buying REN on Kraken:
Sign up for a Kraken account.
Enter an email address, username and a strong password to protect your account.
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.
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.
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.
Instantly buy REN with a bank account or credit card on the Kraken app
The official Kraken app is perfect for crypto beginners or experienced traders looking to conveniently buy or sell Ren while on the go. Instantly buy REN with a credit card, debit card or bank account, or keep tabs on your favorite crypto projects and find the top performers each day with the Kraken app.
Bank account only available to US residents. Credit card purchases available in select countries here.
Where to keep your REN tokens
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.
Kraken is not a wallet service
It is important to note that Kraken is an exchange service and not a wallet service. So while we allow our clients to hold Ren in their accounts, we highly encourage you to separate your REN holdings into multiple wallets.
Kraken is not a wallet service
Trading is really pretty simple! If you have any questions about buying REN, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Start buying REN
Ready to help players access Ethereum applications with their crypto assets? Click the button below to buy REN on Kraken today!