REN is one of thousands of tokens supported by LetsExchange. Here, you can purchase REN directly with over 4,900 other coins and tokens.
You can buy as many REN coins as you need, with practically no upper limits. The platform doesn’t collect the personal and financial information of users, and registering an account is not mandatory. However, we recommend signing up with the platform because, with an account, you get many benefits such as useful tools to manage your crypto portfolio, and access to affiliate tools.
What is REN?
Ren (REN) is an open protocol designed to facilitate interoperability and liquidity across diverse blockchain networks. Originally called Republic Protocol, Ren introduced its virtual machine mainnet, RenVM, in May 2020, following a successful $34 million ICO in 2018.
REN, the protocol's native token, serves as collateral for operators of Darknodes, which power RenVM.
How to buy REN on LetsExchange: a step-by-step guide
On LetsExchange, you can swap any of the supported 4,900 coins and tokens to REN. There is no need to register an account, but with it, you get access to an extended set of tools and functions for portfolio management and affiliate tools.
To proceed with the swap, follow these steps.
In the exchange widget, pick the coin to exchange for REN in the You Send field. We will be swapping Bitcoin but you can choose any of the 4,900+ supported assets.
Provide the amount of the coins you want to swap. In our example, we will be swapping 0.1 BTC
Choose the exchange rate type: fixed or market.
If you pick a fixed rate, you will receive the exact amount specified on the You Get screen. With a fixed rate, you can use a promo code.
If you pick a market rate, the sum to receive may be different from the sum that is initially displayed in the widget. LetsExchange will select the best rate among multiple liquidity providers, and the swap will be completed at that rate.
We pick a fixed rate because, with it, you get an opportunity to receive cashback by entering a promo code.
In the You Get window, pick REN.
Now, the picked coin will be displayed in the You Get field. The sum that you will get will be calculated automatically.
If you have a promo code, type it in. You will get cashback. If you don’t have a promo code but want to get one, follow us on social media for updates - from time to time, we organize some events for our users where they can be rewarded with promo codes and other valuable rewards.
Click on the Swap option.
Now, the widget will display a window where you will be asked to enter your receiving wallet address. The swapped coins will be sent there.
You can also fill out the refund address. If the swap doesn’t go as expected, your coins will be refunded there.
Finally, you can provide a valid email to receive updates about the progress of the swap.
Check all the data once more and hit the Apply button.
You will be displayed a deposit wallet address, to which you need to send your coins. After you do so, the coins will be swapped, and your REN will be sent to the receiving wallet address you’ve provided.
After the transaction is completed, you can download the receipt with all the transaction details. Also, you can track your transaction at any stage by copy-pasting its number on the Transaction status page.
Conclusion
REN is working on providing interoperability solutions to blockchains which means that it is working on one of the main issues that the crypto ecosystem is facing. This is why buying REN at the early stage of its development may be a good decision.