Ren (REN) is an Ethereum token that runs Ren’s accessible program for transferring cryptocurrencies between blockchains. Ren in other words is an open protocol that facilitates the activity of value between blockchains. Ren’s primary product, RenVM, gives rise to interoperability to decentralised finance (DeFi). Ren attempts to get popular assets like Bitcoin and Zcash to blockchains comprising Ethereum, making it apparent for these assets to contribute to a multi-chain decentralised finance ecosystem.
It has a circulating ration of 884,532,525 REN coins and the max. Ren is an ecosystem for building, deploying, and driving general-purposes, privacy-preserving, requests using zkSNARK and their newly developed safe multiparty analysis protocol. It makes it possible for any kind of request to run in a decentralised, trustless, and fault-tolerant ground identical to blockchains but with the distinguishing characteristic that all request inputs, outputs, and state, remain private even to the participants running the network.
The best place to buy Ren is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Ren (REN). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of REN is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Ren with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy REN instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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This should not be used to make investment decisions.
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The customer service is great! It doesn't take long to withdraw from your account within one day my funds are in my bank account which is great.