Ren is one of several crypto and DeFi tokens that made over 100x gains in the bull run of late 2020 to early 2021. Since the price corrected back to historical support levels in 2022 many investors are researching where to buy Ren crypto tokens for the next potential bull cycle.

An open protocol for transferring cryptocurrency across blockchains, Ren is powered by the native token REN. In this guide we review how to buy REN tokens at a regulated crypto platform and speculate on a possible price forecast for REN in 2023.

How to Buy Ren – Quick Steps

  • ✅ Step 1: Open an account with eToro –  The first step is to visit eToro’s official website. Provide the required info to verify your identity. Some supporting documents like an ID copy and utility bill need to be scanned and uploaded.
  • 💳 Step 2: Deposit – Add funds using PayPal, credit / debit card, or bank transfer. The minimum deposit is $10 for UK and US users, who pay no deposit fees.
  • 🔎 Step 3: Search for Ren – To find the REN crypto asset on eToro, enter ‘Ren’ in the search bar. Then click ‘Trade’.
  • 🛒 Step 4: Invest in Ren – You can then buy REN as a spot trade – enter the amount of tokens you want to buy and finalize the order by selecting ‘Open Trade’.

Where to Buy Ren Tokens – Best Platforms

To decide on the best platform to buy cryptocurrency, investors consider factors like regulation, payment methods, low trading fees, coins supported, and other features. The crypto platforms below have all listed REN and our top recommendation is the best regulated:

1. eToro – Overall Best Place to Buy Ren

etoro logoeToro is regulated by the FCA, ASIC, and CySEC, making the crypto platform one of the safest options for investors and traders and currently over 27 million investors are registered users of the website and mobile app.

Invest in DeFi coins like REN on the web via Windows desktop or Mac along with the app for Android and iOS.

eToro is a beginner-friendly platform, allowing users to buy REN with a small minimum deposit of $10. eToro charges spreads, which means that you pay the bid/ask spread only when you buy crypto, or stocks which it also supports, alongside forex, commodities and ETFs.

eToro buy Bitcoin UK

See our recent review of whether eToro is safe – our review team concluded it was. Founded in 2007, it hasn’t fallen victim to hacking in that time as some other crypto platforms have.

eToro has a Copy Trader feature which the other crypto exchanges we reviewed don’t offer. Using that you can optionally choose to copy the buys and sell of a professional trader with a track record of wins in the past 12 months, or several traders.

In terms of investing in decentralized finance projects, it also offers a DeFi Portfolio which is a tailor-made investment vehicle focusing on whatever DeFi coins are performing well on a given day, week or month, which could include REN or others like Aave, Avalanche, Bancor, Compound, Cosmos, Maker, Uniswap, Yearn Finance and more – we reviewed all of those DeFi tokens on this site.

Cryptoassets are a highly volatile unregulated investment product.

2. – Margin Trade Ren logoAnother option suitable to invest in REN online is If you’re an experienced trader it also offers margin trading using leverage, on perpetual futures trading pairs. If you’re a beginner it still offers simple spot trading.

According to Coinmarketcap, it is among the ten largest global crypto exchanges list. It handles an over $2.6bn daily trading volume.

You can access the platform on the web or via the exchange’s mobile app mainly used by beginners and retail investors. With the app, you can invest in REN instantly and use a credit/debit card for the payment. does not charge any fees for the initial 30 days.

Best bitcoin brokers in the uk review

The platform has listed 250+ cryptos for trading. The range includes small altcoins, the majors like Bitcoin and Ethereum, ERC-20 tokens, and DeFi tokens. You can easily buy or invest in REN by using the platform with low fees. has a 0.4% maker/taker fee.

Every card purchase will incur a 2.99% fee after the 30-day tiral period. facilitates fiat money deposits via the app. However, as of now, fiat currency is not supported on the exchange, you can trade against USDT (Tether) though, which many traders prefer.

REN holders can use the dedicated wallet app to store their holdings, keeping the biometric authentication and private keys under your control. It also offers a prepaid metal VISA card to spend your crypto for retail purchases. is known as one of the few platforms to earn interest on Bitcoin, which can’t be staked like other crypto tokens but acts as a lender like a bank and pays you an APR for holding Bitcoin on its platform and choosing to earn interest on it (it’s optional).

Cryptoassets are a highly volatile unregulated investment product.

3. Coinbase – Secure Platform to Buy Ren

Best bitcoin brokers in the UK - CoinbaseCoinbase is the largest crypto exchange in the United States with state licenses to accept US traders, like eToro. It has over 89 million users on the platform. In April 2021, Coinbase became a publicly traded company as the first crypto exchange IPO on the NASDAQ.

The platform stores 98% of funds offline. The cold wallets ensure optimal safety and are connected to the internet only when transactions are carried out. It offers more than 100 cryptos to buy and trade.

Coinbase is preferred for its high security, and not so much for low fees. The fees structure is regarded as both complex and expensive by traders. For instance, depositing funds on Coinbase with a credit card will require a fee of 3.99%.

Best bitcoin brokers in the UK coinbase review

The smartphone app offered by Coinbase is used by millions of users for trading easily on the go. Many crypto investors prefer such user-friendly apps to keep a check on crypto markets.

Coinbase has a free crypto wallet which makes it easier to store your crypto holdings and can also be used to store NFTs. In 2022 Coinbase launched its own NFT marketplace.

New signups on Coinbase can take advantage of free crypto, as it has a $10 signup bonus paid in BTC and a Coinbase Earn program to earn small amounts of tokens for taking part in educational tutorials and quizzes.

Coinbase supports crypto staking although only on half a dozen cryptos and the APY is lower than some of the alternatives.

Cryptoassets are a highly volatile unregulated investment product.

4. Binance – Low Fee Ren Trading

Binance LogoBinance is another huge crypto exchange just like Coinbase and eToro. Binance has the largest crypto trading volume in the world.

It has a low trading fee of just 0.1% commission when you trade REN or other cryptos against BTC, ETH or USDT. Another feature that sets Binance apart is its enormous crypto pairs’ offerings that amount to over 600.

In terms of depositing you can buy REN directly with a credit card at a 1% commission on Binance. It has partnered with Binance.US to operate across the United States after it was banned in 2019. Binance US is not yet available in all US states.

Best bitcoin brokers in the UK Binance crypto wallet

You can fund your account with fiat currency using a debit or credit card or bank transfer. Or go through Binance’s Peer-2-Peer marketplace to engage with other users to trade one crypto for another. P2P trading is recommended for more experienced investors.

Unlike eToro, Binance is not very suitable for new investors, as it does not support features like copy trading. Binance is designed mostly for experienced crypto investors, who want advanced TA tools like Tradingview indicators. Although it does have a ‘Classic’ mode which is simpler.

With many powerful trading options, Binance is mostly used by investors who have spent at least a few years in the crypto market. Sign up via a Binance referral link for cashback vouchers.

The Binance Trust Wallet is a popular crypto wallet, free for users to store their crypto holdings.

Cryptoassets are a highly volatile unregulated investment product.

What is Ren?

Ren, an acronym for the Reliability Encased Network, was established by two students of the Australian National University, namely Taiyang Zhang and Loong Wang. Zhang chose an Ethereum-based framework for the ERC-20 token REN. Since it aimed to save the OTC problem by being an open protocol, choosing REN to run on Ethereum was the obvious choice.

Zhang collaborated with Wang to rectify blockchain interoperability issues as he had vast experience in coding and even designed a coding language for blockchain. REN was launched in 2017 with the motive of creating a DeFi protocol for independent crypto-asset blockchains enhancing effective communication. So, REN became the only open protocol facilitating movement in between blockchains.

REN buy

To understand REN, investors should look into smart contracts and the concept of a “Dark Pool” – that means the anonymous and dark means of purchase. Many investors are lured into various channels in the OTC markets to buy a huge amount of assets anonymously.

Ren operates around the platform RENVM. It stands for Ren Virtual Machine and facilities all exchanges on Ren across blockchains. It empowers the Nodes (which are called “Darknodes”) to calculate, authenticate, and successfully process the cross-chain instructions of crypto.

The REN ecosystem functions around a scientific algorithm. It distributes the orders in minute segments preventing the nodes to access the total transaction amount. It ensures optimal security in the Ren ecosystem.

Ren Regulation & Collaboration

Global jurisdictions are working on regulations to ease token insurances or initial coin offerings (ICOs) for companies. REN is not regulated by any jurisdiction as of now. It is a peer-to-peer community governed by “nodes”.

To increase the functionality and operational efficacy of REN, the board collaborated with Kyber Network, Polychain Capital, MATIC, and IDEX to engage with the protocol.

The Kyber Network token KNC has also been listed on eToro in 2022.

Use Cases of Ren

The REN project ecosystem is open source. Like ETH and BTC, REN ensures transparency and confidentiality of transactions across its network. Although all transactions are on the blockchain, nobody can access information on transferred amounts.

The REN framework works on zero-disclosure evidence on Sub-Zero (via RENVM). This cross-checks the transactions to maintain mathematical consistency without revealing any message data of the involved parties. It has wide use case prospects for the future.

Should I Buy Ren?

REN is considered a safe investment by many investors across the globe thanks to its utility and the increasing mass adoption of DeFi projects, although it is volatile like any altcoin. Currently it is back at historical support levels so the downside is more limited now than for those who bought at over $1.

Ren has the potential to identify fraudulent transactions as a confirmed block can trace the preceding block. It ensures optimal security and arrests obstacles instantly. Other unique features that add an edge to the platform is its liquidity and lightning-fast transaction speed on the network.

It may take time for the crypto markets to reflect the use case, utility and potential of all the different DeFi coins however. eToro offers ways to diversify and hedge your bets thanks to its Smart Portfolios.

Ren Features

1 – Universal Web Wallet that’s Embeddable

UX stands for a universal wallet that can be carted for any crypto asset. The REN network securely keeps and governs the private and public keys. Like other wallets, this wallet can be accessed with a username and password.

You must be connected to the Ren network. Investors can access funds in their wallets via an in-page UI component like MetaMask. It is not limited to Ethereum and you do not need to necessarily pre-install a chrome plugin.

2 – Darknode Revenue

This feature ensures many trading benefits in the RENVM. It enables users to keep a track of transaction costs, minimize settlement time and you can swap numerous currencies.

Analysis of Ren ICOs

The first REN ICO was a private offering in January. It raised USD 28 million. The public ICO was in February 2018 which raised USD 4.8 million.

Investors were keen to invest in REN since the initial price was 3 cents for one token. There were more than 1 billion tokens that were sold to meet the demands.

Ren Price

REN has a market cap of over $320 million and it is listed on the top crypto exchanges we reviewed. At the time of writing, the current price of REN is ranging around $0.30 -$0.34.

Ren price

Ren price chart via Coinbase

Depsite an over 80% correction from its peak (not uncommon in crypto markets) the Ren price is still up several hundred percent since Coinbase started tracking it, and more for those that entered Ren even earlier.

It’s usually a better investing strategy to enter crypto projects when they have a low marketcap. Currently the market capitalization of Ren has dropped to a low historical point relative to its multi-year price history. It is today ranked the #149 largest crypto on Coinmarketcap.

Ren Price Prediction

In the bullish case for REN, it would not be a surprise for many investors if REN breaks the price level of $1 again this year. It reached an all-time high of $1.84 in February 2021. By the end of 2022, some experts predict that the price of REN could retest its ATH.

By the start of 2023 in the run-up to the 2024 Bitcoin halving, it could enter price discovery above $2 if BTC also retests its top. Altcoins do tend to revisit the highs and lows of their trading range several times.

Ren is considered a good long term investment option by some proponents of DeFi. Many analysts feel that the coin will witness a significant price increase in the future as its use cases will be utilized more with time by users worldwide.

Cryptoassets are a highly volatile unregulated investment product.

Best Ways to Buy Ren Online

Investors globally have many options to invest in REN:

Buy Ren With PayPal

With eToro, using PayPal is easy for deposits. You can also withdraw funds without any complications. While buying REN directly with PayPal on other exchanges, the fees may be higher.

Buy Ren With a Credit or Debit Card

All the crypto platforms we review support the instant buying of crypto by card. However, you must be aware of the commission fees of various platforms. You can use eToro to deposit using a bank card without any commission and invest in REN. This takes just a few moments.

Buy Ren With Skrill or Neteller

FCA regulated broker eToro has Neteller and Skrill as payment methods to invest in REN. You can instantly fund your crypto account with zero deposit fees when using USD and those popular eWallets.

eToro buy crypto

Best Ren Wallet

Crypto wallets are a form of digital storage for your crypto coins. You can use a wallet to send and receive crypto and pay for purchases. There are gas fees, for certain transactions on the blockchain.

You can generally use a crypto wallet for free. However, using a crypto wallet has risks as compared to hard storage.

’Hot’ wallets always have internet connectivity and these offer real-time trading options and updates. ‘Cold’ wallets ensure more security as they are connected to the internet only when transactions are carried out.

eToro is a good option for REN coin storage. Gibraltar Financial Services Commission authorizes eToro’s wallet which offers an unlosable private key and free recovery service. It can be downloaded free from the links on the eToro website.

Cryptoassets are a highly volatile unregulated investment product.

How to Buy Ren Crypto – Tutorial

Follow the steps mentioned in our review below to use our recommended platform to buy Ren token:

1. Sign Up on eToro

Visit to open an account – provide your personal details for the quick process. You can also use your Facebook/Google login credentials.

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2. Verify Your ID

Supply scanned copies of your ID for example a passport or driver’s license for quick ID verification.

etoro verification

Verification is mandatory for a regulated platform like eToro. Upload utility bills for proof of address. eToro also accepts screenshots of digital IDs.

In the long-term regulation is bullish for the crypto markets, rather than anonymity. Also eToro has never leaked personal information or been hacked.

3. Deposit Funds

Fund deposits on eToro are instant. There are various deposit methods. You can opt for bank transfer, credit/debit cards or other routes like PayPal, Skrill and Neteller. It also offers Rapid Transfer/Trustly online banking with low fees.

eToro deposit

eToro’s minimum deposit for UK and US traders is just $10.

4. Buy Ren

Locate the REN crypto asset page by entering ‘REN’ in the toolbar at the top.

Buy Ren

Click on the logo for the REN homepage. Use the stats, charting tools, and research before you trade REN. Click on the ‘Open Trade’ button to go ahead when you’re ready.

You now own Ren tokens in your portfolio which will be reflected on your account balance and stored on the site for you to withdrawal or sell at any time.

Cryptoassets are a highly volatile unregulated investment product.

How to Sell Ren

When you’re ready to take profit on a REN trade or any cryptocurrencies follow the steps above again – visit the page for the crypto asset you with to sell back into USD and click ‘Open Trade’.

You may be liable for capital gains tax when selling cryptocurrency depending on the laws in your country of residence. Whereas holding and investing aren’t typically taxable events. If you think your crypto assets are overvalued one way to guard against a drop in valuation is to use staking. REN staking currently isn’t supported on eToro but staking Ethereum is.


We have covered most of the information a new investor would need in terms of where and how to buy REN crypto tokens. We also reviewed the background to the Ren project and how the crypto market has received it so far. To invest in REN now, our top recommendation is eToro as it is accessible and user-friendly for beginners. It has low fees on standard crypto purchases and clearly lists the non-trading fees.

The REN price moving from just a few cents to over $1.80 was one of the most explosive bull runs in crypto history. If repeated it would result in a high ROI for those investing in REN. eToro offers ways to copy trade pro traders or replicate a DeFi investment portfolio to help you time the market.

etoro logo

Cryptoassets are a highly volatile unregulated investment product.

FAQs when Buying Ren

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