Where to Buy REN in the UK – Learn How To Buy REN Today in 2022

Fact Checked by Gary McFarlane

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.

Interoperability is a common issue that has troubled the blockchain space for some time now. And REN is one of the few networks that is tackling this problem head-on.

This key feature makes REN one of the most attractive digital assets of today. If you wish to buy REN in the UK, this guide offers you some insight into this cryptocurrency alongside a step-by-step walkthrough of how to invest in under five minutes.

Table of Contents

#1 Broker to Buy REN in the UK – eToro

1
$50
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

Where to Buy REN in the UK – Overview of the 10 Best Brokers

If you are considering how to buy REN in the UK, there are several critical decisions you will have to make. One of them is to decide which cryptocurrency platform you want to use.

For those who do not want to do their own research, below you will find the top ten crypto brokers that give you access to REN in the UK.

  1. eToro – Overall Best Place to Buy REN in the UK
  2. OKEx – Best Platform to Buy REN in the UK via a Crypto Deposit
  3. Binance – Large Exchange to Buy REN for Asset Diversification
  4. Capital.com – Utilize Leverage For REN Trades (Professional Clients Only)
  5. Kraken – Great Place to Buy REN in the UK for Pro Investors
  6. BitYard – But REN in the UK with USDT
  7. Coinbase – Best REN Broker in the UK for Beginners
  8. Gate.io – Secure Platform to Invest in 1,000+ Cryptocurrencies
  9. Crypto.com – Reputable Platform to Buy REN in the UK
  10. Gemini – Trusted Exchange to Buy and Sell REN in the UK

You can find full reviews for all these brokers as you scroll down this guide.

How to Invest in REN in the UK – A Quick Guide

If you do not have sufficient time to read through this entire guide, here we explain the basics of what you need to know about how to buy REN in the UK.

  • Step 1: Open an Account on eToro – We found eToro to be the best broker to buy REN in the UK – not least because the platform is FCA regulated, beginner-friendly, and offers competitive fees. As such, you can start by heading over to the eToro homepage, and create an account by providing your personal details.
  • Step 2: Upload ID – In order to buy REN in the UK with British pounds, you will have to first verify your identity. For this purpose, eToro requires you to upload a copy of your passport or driver’s license as per KYC laws.
  • Step 3: Add Funds – After getting verified, you can add funds to your eToro account. Although the broker accepts bank transfers, if you want to move money instantly, you should use your debit/credit card or an e-wallet like PayPal.
  • Step 4: Search for REN – Find REN on eToro using the search bar. Simply enter ‘REN’ and eToro will display the result.  Click on ‘Trade’ to go to the next step.
  • Step 5: Buy REN – Enter the amount you wish to stake on REN, and confirm your order.

Since eToro offers an in-built crypto wallet, there is no need for you to withdraw your REN tokens. Instead, you can leave the cryptocurrency in your portfolio and track its performance until you are ready to cash out.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

Where to Buy REN in the UK – Full Broker Reviews

When learning how to buy REN in the UK, you should first decide which broker you want to use to make the investment, Your chosen cryptocurrency provider should not only support REN but also offer competitive fees and a secure investing environment.

Moreover, if you are a beginner, you might also want the platform to be simple to use, and accept your preferred payment method. Taking these factors into account, we have put together a list of well-established platforms in the cryptocurrency arena that you can use to buy REN in the UK.

1. eToro – Overall Best Place to Buy REN in the UK

bitcoin today

eToro is a reputable online broker that supports a variety of assets, including popular cryptocurrencies like REN. Since its launch in 2007, the platform has grown to serve over 20 million users in different parts of the world. Most importantly, eToro is licensed by the FCA, which is a conduct regulator for financial services in the UK. In addition to this, eToro is also governed by the SEC in the US, ASIC in Australia, and CySEC in Cyprus.

This makes eToro a highly secure platform to pick for your investments. If you choose this broker to buy REN in the UK, you will be able to make the purchase on a spread-only basis. Moreover, the initial deposit amount required is only $10, which is about £7.  In other words, if you are on a small budget, eToro makes it easy for you to gain exposure to the cryptocurrency market with a nominal sum.

etoro crypto

Another notable advantage of using eToro is that the platform integrates a secure in-built wallet. Meaning, you do not have to look for another private storage provider to hold your REN tokens for the long term. Instead, you can simply leave the REN tokens with eToro, and sell your investment directly from your account. Moreover, the broker also offers a demo feature, which you can use to practice trading – a feature that would be appealing for crypto newbies.

eToro also comes with passive tools that appeal to traders of different styles. For instance, if you do not want to do any research to diversify your investments, you can choose one of the pre-built Smart Portfolios of eToro. These are essentially curated collections of different securities belonging to multiple industries. This allows you to attain exposure in the cryptocurrency market or other sectors such as tech stocks, or EV battery stocks in one go.

etoro copy trading

You can also choose to follow a seasoned trader, and have their trades repeated in your account using the Copy Trading feature. Apart from cryptocurrencies, eToro also allows you to buy and sell stocks, ETFs, indices, commodities, and forex. Lastly, if you take a look at the fee-policy of eToro, the spread for cryptocurrencies starts from just 0.75%. Moreover, funding your account will cost you only 0.5%, regardless of the payment method you choose. The platform also offers a long array of educational resources and a user-friendly app to make trading more accessible.

Pros

  • Incur only the spread when you buy crypto
  • Minimum investment per trade from just $10
  • Payment options include e-wallets, debit/credit cards, and bank wire
  • Registered with FINRA/SEC and licensed by the FCA, CySEC, and ASIC
  • 20 million+ users
  • Perfect for beginners
  • Social and copy trading tools

Cons

  • Pro traders might consider the platform too basic
  • No support for MT4 or MT5

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

2. OKEx – Best Platform to Buy REN in the UK via a Crypto Deposit

OKEx buy REN

OKEx is a cryptocurrency exchange that is particularly popular among traders, mainly because it gives you access to over 400 different trading pairs. However, if you want to buy REN in the UK via OKEx, you will not be able to pay for the digital coins with GBP directly. Instead, you will have to purchase the stablecoin USDT and then exchange it for REN tokens. For this, the platform charges highly competitive fees, at 0.1% per slide.

okex review

If you want to keep REN on the OKEx platform, you can also earn interest on your tokens. At the time of writing, OKEx offers a whopping 36.5% return on its REN savings account. And the best thing is, there is no need to lock your REN tokens. Since there is a flexible plan available, you can withdraw your REN coins any time you want. On the other hand, OKEx does support a direct buy feature for several other cryptocurrencies, including Bitcoin, Ethereum, Chainlink, and more – but these come with additional fees.

Pros

  • Trusted crypto exchange with over 20 million users
  • More than 400+ digital currency pairs
  • Buy and sell digital assets with a debit/credit card or bank transfer
  • Low commissions that start from 0.1%
  • Fully-fledged mobile app on Android and iOS
  • Great reputation and highly secure

Cons

  • Debit/credit card fees could be more competitive
  • Derivative products are too complex for beginners

at eToro, the UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection

3. Binance – Large Exchange to Buy REN for Asset Diversification

Binance is a well-reputed cryptocurrency exchange, not only in the UK but on a global level. In fact, Binance is perhaps the best place for those keen to construct a diversified portfolio of digital assets. The platform supports hundreds of trading pairs and an advanced interface for seasoned traders. If you are looking to pay for REN tokens using fiat money, Binance also facilitates that using its Instant Buy feature.

binance review

You can buy REN in the UK using your debit/credit card on this platform, however, you should expect an additional fee of 10% – as you need to go through a third party. The minimum amount required for such direct purchases is £15. If you want to lower the fee, you can also try exchanging another cryptocurrency such as USDT, or BTC for REN tokens. In this case, you will only be charged 0.1%.

Pros

  • Facilitates billions of dollars in daily trading volume
  • Supports hundreds of cryptocurrency pairs
  • Near-instant deposits via debit/credit card
  • Trading commission starts at just 0.1% per slide
  • Offers crypto savings accounts
  • Ideal for both newbies and experienced traders alike

Cons

  • Not all supported cryptocurrencies can be purchased with a debit/credit card
  • No e-wallet deposits or withdrawals

at eToro, the UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider

4. Capital.com – Utilize Leverage For REN Trades (Professional Clients Only)

capital.com review

If you want to engage with a short-term trading strategy, Capital.com allows you to access REN tokens via CFDs. These are financial instruments that represent the value of REN. In other words, you will not be purchasing the underlying asset. And as such, in the UK, only those classified as professional traders can trade cryptocurrency CFDs. Hence, if you are a retail client, Capital.com might not be a suitable platform to access REN in the UK.

capital.com review

As a CFD broker, Capital.com is regulated by the FCA, and also holds licenses from the ASIC, CySEC, and NBRB. Moreover, it allows professionals to gain access to REN via CFDs on a commission-free basis. On top of that, the platform also supports thousands of different CFD markets, including stocks, indices, forex, and commodities. The minimum amount required to start trading via this provider is only £20 when using an e-wallet or debit/credit card, while bank transfers require at least £250.

Pros

  • Highly-rated spread betting and CFD broker
  • Regulated by the FCA, CySEC, NBRB, and ASIC
  • £20 minimum deposit requirement (debit/credit cards and e-wallets)
  • All supported markets are tradeable at 0% commission
  • Tight spread and no deposit/withdrawal fees
  • 4000+ markets supported

Cons

  • Cryptocurrency CFDs accessible only for professional traders in the UK
  • Minimum deposit of £250 on bank transfers

at eToro, the UK’s #1 Broker

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.25% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider

5. Kraken – Great Place to Buy REN in the UK for Pro Investors

Kraken review

Kraken is another reliable cryptocurrency exchange that you can use to buy REN in the UK. It has a diverse portfolio of digital assets and derivatives, and also supports margin trading. The platform integrates a number of tools to help you make the right trading decisions, such as Kraken Terminal and Cryptowatch. Moreover, Kraken is known for making security its top priority and has incorporated several mechanisms such as 24/7 surveillance, penetration testing, and 2FA. 

Kraken review

When it comes to its fee policy, Kraken charges 0.26% per slide for cryptocurrencies like REN, and 0.9% for stablecoins. However, additional charges will also apply based on how you finance your purchase. For instance, an instant payment method such as a debit/credit card can cost you 3.75% and requires you to upgrade your account to a Pro or Intermediate level. On the other hand, bank transfers cost 0.5%, but this involves a waiting period of up to 5 days for the transaction to process.

Pros

  • Ease of use and sleek user-interface
  • Supports all major coins and many altcoins
  • Convenient payment methods
  • Friendly interface for beginners

Cons

  • Fee structure can be confusing
  • KYC verification is needed upfront before any purchase can be made
  • No phone support

at eToro, the UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

6. BitYard – But REN in the UK With USDT

BitYard buy Fetch.ai

BitYard is a cryptocurrency platform that gives you access to digital assets via spot trading. However, there is no option to directly buy REN in the UK via this exchange. Although BitYard does facilitate instant purchases, this feature is currently not supported for REN. As such, to get your hands on REN tokens, you will first have to convert fiat currency into USDT and then swap the tokens for REN.

BitYard Copy Trading

In terms of fees, BitYard follows a maker-taker structure for spot trading. If exchanging USDT for REN, you will have to pay a commission of between 0.1 – 0.3% based on your 30-day trading volume. In addition to this, you can also use this platform to trade futures and perpetuals, which are complex instruments. BitYard also offers a Copy Trading tool, which can be beneficial for those looking to gain exposure to cryptocurrencies passively.

Pros

  • Beginner-friendly interface
  • Trade fiat currency for different digital assets
  • Supports debit/credit cards and bank transfers
  • Copy trade feature

Cons

  • Cannot directly buy REN with fiat currency
  • Fiat purchases supported through third parties

at eToro, the UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 68% of retail investor accounts lose money when trading CFDs with this provider. 

7. Coinbase – Best REN Broker in the UK for Beginners

Buy Fetch.ai in the UK using Coinbase

Coinbase is an intuitive, beginner-friendly platform that gives you easy access to the cryptocurrency markets. You can also hold your digital assets in the Coinbase wallet after purchase. The exchange allows you to buy REN in the UK using multiple payment methods – including, debit/credit card, bank transfers, SWIFT, and PayPal. However, depending on how you fund your investment, fees will vary.

Coinbase review

For instance, if you are purchasing REN using your debit or credit card, you will be charged a 3.99% fee. On the other hand, those funding via a bank account transfer needs to pay 1.49% via a standard commission. Although this might be a tad pricey, Coinbase also offers a regulated environment, as it is licensed by the FCA as an e-money service. In addition to this, the platform also has tutorials and articles that enable beginners to learn more about cryptocurrency investments.

Furthermore, Coinbase Pro is also available to experienced traders who want to use the advanced charting tools offered.

Pros

  • One of the most popular cryptocurrency exchanges
  • Over 73 million users
  • Accepts debit cards
  • Dozens of digital currencies to choose from
  • Institutional-grade security practices

Cons

  • Debit card deposits are expensive at 3.99%
  • You will pay a standard trading commission of 1.49%

at eToro, the UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

8. Gate.io – Secure Platform to Invest in 1,000+ Cryptocurrencies

Gate.io review

The next platform we put forward for your consideration is Gate.io, a global exchange that supports over 1,000 cryptocurrencies. In fact, Gate.io is a full-fledged gateway that gives you access to a wide variety of crypto-related services, ranging from investments, short-term trading, liquidity mining, market news, NFT offerings, and more.

Gate.io review

While the platform supports direct purchases of cryptocurrencies, unfortunately, you cannot buy REN in the UK in this manner. However, you can swap USDT, or ETH to acquire REN tokens via this exchange. Needless to say, this can make things a bit complicated for beginners. The fees charged by Gate.io are variable, based on your 30-day trading volume and your status as a maker or taker.

Pros

  • Huge choice of cryptocurrencies
  • Secure, reliable and fast trading platform

Cons 

  • Doesn’t accept fiat payments for all cryptocurrencies
  • Lack of team transparency behind the platform

at eToro, the UK’s #1 Broker

68% of retail investor accounts lose money when trading CFDs with this provider.

9. Crypto.com – Reputable Platform to Buy REN in the UK

Crypto.com Review

Crypto.com is a Hong-Kong based cryptocurrency platform that caters to over 10 million users across the world. The exchange also gives you access to over 250 digital assets, which includes REN and several other DeFi tokens. If you are looking to trade REN tokens in the short term, then Crypto.com offers a sophisticated interface that incorporates charts, indicators, and order books.

Crypto.com review

On the other hand, those who want to buy REN in the UK using fiat currency will have to download the platform’s app to their phone. Once you do that, you can fund your investment using a debit/credit card, which will cost you a fee of 2.99%. You can reduce these charges by owning CRO, the native digital token of Crypto.com. Moreover, the provider also comes with a non-custodial wallet for you to store DeFi tokens such as REN.

Pros

  • Buy and sell a wide variety of cryptocurrencies with low fees
  • Invest in a diversified portfolio of coins and tokens with just one click
  • Earn interest on your crypto holdings
  • Safe and secure transactions

Cons

  • Fees are high unless you own and utilize CRO
  • Navigating the platform can be difficult for beginners
  • Inadequate client service
  • Discounted trading fees can be difficult to understand
  • Insufficient educational resources

at eToro, #1 Broker in the UK

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

10. Gemini – Trusted Exchange to Buy and Sell REN in the UK

Buy fetch.ai via Gemini

Gemini is another cryptocurrency exchange that caters to both beginners and advanced traders alike. If you want to buy REN in the UK via this platform, it allows you to do so using a debit/credit card deposit, but this will come at an additional cost of 3.49% in fees. If you are trading this digital asset for another token, then the standard commission of 1.49% will apply.

Gemini buy fetch.ai

Despite being expensive, Gemini continues to be a popular option among cryptocurrency investors. One reason for this is that Gemini integrates additional services, such as digital wallets, crypto credit cards, and staking. On top of this, the provider also holds credentials from the FCA to function as an e-money institution. Additionally, Gemini also offers an advanced trading platform, ActiveTrader, which will suit seasoned traders.

Pros

  • Add more diversity to your investment portfolio
  • Intuitive features for a more efficient workflow
  • A cutting-edge trading platform
  • Earn daily interest for your crypto holdings

Cons

  • The fee structure is prohibitively expensive for small investments
  • Might be challenging for complete beginners

at eToro, #1 Broker in the UK

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 68% of retail investor accounts lose money when trading CFDs with this provider. 

How to Buy REN in the UK – Detailed & Explained in Full

If you are somewhat new to the cryptocurrency investment arena, then you might be looking for a detailed step-by-step breakdown of how to buy REN in the UK. In the sections below, we explain how to purchase REN coins from start to finish via eToro – an FCA-regulated broker that offers industry-leading fees.

Step 1: Open an eToro Account

Opening a brokerage account is no longer complicated or cumbersome. The first thing to do is visit the eToro website. Click on the ‘Join Now’ button to reveal the signup box.

how to join etoro

As you can see from the image above, registering as a user requires you to provide some basic details, such as your full name, and contact information.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Provide ID

Since eToro is an FCA-regulated broker, you will have to verify your identity to gain unrestricted access to the platform. Fortunately, the process is quite simple.

You simply need to upload a copy of your government-issued ID to complete this step. For those in the UK, this can be a valid passport or driver’s license. You will also have to submit proof of residency, such as a utility bill or bank account statement.

Step 3: Add Funds

As per eToro’s requirements, you will need to make a deposit of $10 or more to start using the brokerage platform – which is about £7.

You can fund your account to buy REN in the UK using the following payment methods:

  • Debit cards
  • Credit cards
  • Bank transfer
  • Neteller
  • Skrill
  • PayPal

As you can see, your options are plentiful. Among these, credit/debit cards and e-wallets process payments instantly, whereas if you choose a bank transfer, you will need to wait a few days for the funds to appear. 

Step 4: Search for REN

The easiest way to find REN on eToro is to use the search bar. You can enter the name of the cryptocurrency and eToro will instantly show you the correct result for REN.

How to buy REN eToro

Choose ‘REN’ by clicking on the ‘Trade’ button. You can also buy REN in the UK by navigating to the ‘Discover’ section and tapping on ‘Crypto’.

Step 5: Buy REN UK

To buy REN in the UK, you will need to place an order. This essentially means that you are telling eToro how much you want to risk on this digital asset.

How to buy REN eToro

When you know how much you want to stake, you can enter the amount in the order box. eToro requires a minimum of $10 (approximately £7) to open a position. Finally, you can click on ‘Open Trade’ and eToro will add the REN tokens you bought to your portfolio.

Buy REN – Best Place to Buy REN in the UK

The popularity of REN is growing day by day. And as such, it only makes sense that many cryptocurrency platforms support this asset. However, not every provider is the same.

In fact, when looking to buy REN in the UK, you will come across two types of platforms – which we explain in the section below.

Buy REN From a Cryptocurrency Broker

If you are looking for a safe and secure platform to buy REN in the UK, you will want to choose a regulated online broker. By this, we mean a provider that is licensed and authorized by the FCA. This will allow you to make investments into cryptocurrencies directly using pounds and pence in a seamless manner.

For instance, if you take the case of eToro, a heavily regulated online broker, you will find support for multiple payment methods. Moreover, this provider also gives you access to other markets such as stocks, metals, forex, and agricultural products, which can be beneficial for those looking to diversify.

The main difference is that, when using such platforms, you will have to go through a KYC process – which means you will not be able to trade anonymously.

Buy REN From a Cryptocurrency Exchange

If you decide to buy REN in the UK via a cryptocurrency exchange, you won’t be short of options. There are dozens of platforms that support this digital asset. That said, in the vast majority of cases, the chances are that these providers are operating without a regulatory license.

REN Markets

Regulated platforms are accountable and transparent in their transactions, which is something you can’t expect from an unlicensed cryptocurrency exchange. As such, buying REN through such providers can elevate the risk of your investment. This is why we recommend a broker like eToro – which is governed by multiple financial authorities – including the FCA.

Ways to Buy REN in the UK

If you want to know how to buy REN in the UK, here is a list of payment methods that are accepted by top-rated cryptocurrency platforms.

Buy REN in the UK With Debit Card

Debit cards are perhaps the most convenient way for you to buy REN in the UK. Most brokers support both Visa and MasterCard for this purpose, and some platforms like eToro also accept funding via Maestro. However, depending on your chosen provider, this mode of payment can come with high fees.

For instance, most crypto platforms charge between 3 to 5% for processing debit/credit card settlements. On eToro, however, you only have to pay 0.5%.

Buy REN with Debit Card Now

Buy REN in the UK With Credit Card

Some people prefer to use a credit card to buy REN in the UK. This is also an easy way to enter the cryptocurrency space in a hassle-free manner. However, bear in mind that some credit card companies charge a cash advance fee when transferring funds to brokerage platforms.

So, you ought to check this before you proceed with this payment option.

Buy REN With Credit Card Now

Buy REN With Paypal

A handful of cryptocurrency platforms – including eToro, also supports e-wallets such as PayPal, which is no surprise considering that digital payments are becoming increasingly common these days. eToro also accepts payments via Neteller and Skrill and charges you only 0.5% for using these funding methods.

Buy REN With PayPal Now

Buy REN With Bitcoin

As we have mentioned above, some cryptocurrency exchanges do not allow you to buy REN in the UK directly with fiat currency. Therefore, you will have to use another digital asset such as Bitcoin, or a stablecoin like USDT to purchase REN.

To do so, you can deposit your crypto tokens into your chosen exchange and then proceed with the swap.

Buy REN Now

Why Buy REN?

When thinking about how to buy REN in the UK, you should first analyze the fundamentals of this digital coin. This can give you an idea about the cryptocurrency’s future prospects and whether or not it is wise investing your money in this project.

In this section of our guide, we discuss some of the main reasons why you might consider REN for your portfolio.

Solving Interoperability

Before deciding to buy REN in the UK, you should also have a grasp of what the project intends to achieve. REN provides an effective solution to the interoperability issue of the cryptocurrency industry, making it possible to transfer digital assets between competing blockchains in a trustless manner.

Let us break this down:

  • Each crypto network operates as a separate entity of data.
  • In simpler terms, the REN protocol allows users to transfer any token between any blockchain, without having to go through centralized parties such as exchanges and custodians.
  • At the time of writing, REN enables you to transfer Bitcoin, Bitcoin Cash, and Zcash onto the Ethereum network, by issuing tokens such as RENBTC, RENBCH, and RENZEC.
  • For instance, if you want to transfer Bitcoin to Ethereum, you can lock the required amount of BTC via a smart contract, and REN provides you with the equivalent of ETH.

To unlock the funds, you can use the REN coin, the main utility token of the network.

Advantages Over Wrapped Bitcoin

When it comes to rivals in this market, REN’s main competitor is Wrapped Bitcoin (WTBC), which aims to solve the same issue of interoperability. However, REN has proved itself to be more efficient and secure. For instance, unlike the Wrapped Bitcoin network, REN stores digital asset information in a decentralized manner.

REN price chart

Moreover, REN does not require you to go through any KYC process to create assets like RENBTC, the equivalent of Bitcoin. On the other hand, to get WBTC, you will have to undergo an intrusive identity check that essentially functions as a gatekeeper.

This can turn away those who are looking to exchange digital tokens in an anonymous manner. Given these factors, it is likely that REN can emerge as the better option between the two projects in the long run, which is a good indicator for those who wish to invest.

Limited Supply

REN is well-positioned in the market, as it can add more liquidity to decentralized exchanges. Furthermore, there is only a fixed supply of 1 billion REN tokens. This means that, over time, as the adoption of REN increases, so will the demand for this digital asset. Needless to say, this can also drive up the price of the REN in the open marketplace.

In addition to this, with a low market price of $0.31 at the time of writing, REN could be a great investment for beginners looking to gain exposure to the crypto sector without risking large amounts.

The Cost of Buying REN

As you can imagine, cryptocurrency brokers and exchanges are ultimately businesses looking to make money. And they do this by charging you an assortment of fees and commissions. That said, the price structure will differ from one platform to another, based on the specific services they are providing.

Below you will find an overview of what fees you should expect when you buy REN in the UK.

Deposit Fees

When buying REN in the UK, you should check if there is a deposit fee involved when processing your payment. For instance, Coinbase charges you 3.99% for financing your cryptocurrency investments via a debit card. Gemini, on the other hand, sets a fee of 3.49% on this payment method.

In comparison, eToro levies only a forex rate of 0.5% for depositing British pounds, since the broker primarily operates in US dollars.

Instant Buy

If you are looking to buy REN in the UK directly using British pounds, then you should expect to be charged a transaction fee. It is not uncommon for platforms to charge you as much as 5% when making payments via debit/credit cards. You can get this down to 0.5% when using eToro.

Commissions

Depending on your chosen platform, you might also have to pay commission when you buy REN in the UK.

  • To give an example, Gemini charges a commission of 1.49%.
  • At the other end of the scale, on eToro, you only have to worry about the spread, which starts at 0.75%.

As you can see, commissions can vary widely between two brokers.

How to Sell REN

If you are learning how to buy REN in the UK, it is likely because you want to capital gains on your investment. Put otherwise, you will have to sell your REN tokens at some point to realize a profit.

The process of doing so might slightly vary depending on your chosen platform.

For instance:

  • Let’s say you are using eToro to buy REN. After you have made the purchase, you can leave the REN coins in your account. When you want to sell, you can head over to your portfolio and cash out instantly – 24/7.
  • On the other hand, if you are using an exchange, you will likely choose to move your REN tokens to a private wallet. This means that you will have to move the REN coins back to the platform to sell. Moreover, you might have to settle for exchanging REN for another digital asset such as USDT, or BTC, and then change the tokens to fiat currency.

As you can clearly see, the latter can be a strenuous process, particularly if you are a beginner. This is why we suggest eToro as the most suitable platform – since you can buy and sell REN easily without any complications.

How & Where to Buy REN in the UK – Conclusion

In summary, the best way to buy REN in the UK would be to choose a platform that matches your preferences, after considering factors such as fees, features, and user-friendliness. However, it is never a good idea to compromise on the safety of your funds when making an investment.

Therefore, we suggest that you stick to an FCA-regulated cryptocurrency broker like eToro. Not only does eToro support direct purchases of REN using British pounds, but you can also access other securities to build a diversified portfolio.

Moreover, you only have to pay the spread, and a highly competitive deposit fee of 0.5% when buying REN using this platform.

1
$50
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

FAQs

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.