Where and how to buy Ren in Papua New Guinea
Step-by-step guide
Step 1: Create a Bitget account.
Step 2: Complete Bitget's identity verification.
Step 3: Place a Ren order through any of the various payment options provided.
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
Step 4:Monitor Ren in your Bitget spot account
Alternative methods to obtain Ren in Papua New Guinea
Convert crypto to Ren with Bitget Convert
Swap on-chain assets to Ren with Bitget Swap
Methods to obtain Ren for free
Buy other cryptos
Buy Ren in a different country
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How to buy Ren in other countries?
What can you do with Ren?
Store/Hold Ren
Many users hold on to their Ren with the expectation of it increasing in value. You can store your REN safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Ren
You can trade Ren for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Ren trading to meet your needs.
Send Ren
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Ren online and send to anyone and anywhere with their Ren address.
Spend Ren
You can also buy goods and services with your Ren. More and more vendors and retailers accept Ren every day.
Donate Ren
Bitget Charity accepts Ren donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Ren so no one misses out on the growth made possible by blockchain.
Learn More About Ren
You can read more in-depth articles on Ren from Bitget Research and study how cryptocurrencies like Ren work on Bitget Academy
Market stats to assist in determining optimal times for purchasing Ren
What is Ren (REN)?
Ren is a decentralized protocol that enables you to move your digital assets and perform various activities across multiple blockchain platforms. It is powered by the Ren Virtual Machine (RenVM), a network that connects blockchains and allows interoperability between them.
The project was created by Taiyang Zhang and Loong Wang, two software engineers from Singapore in 2017. Till now, the Ren team is still based in Singapore.
How Ren (REN) Works
RenVM, the core of Ren, is run by nodes known as Darknodes. Each independent computer has to deposit 100,000 REN tokens to run a Darknode. This money is used to compensate any asset lost in the process of moving from one blockchain to another caused by a certain Darknode. Darknodes are randomly designated into groups called shards once a day, making the protocol less vulnerable to Sybil and colluding attacks.
With this setup, RenVM allows three kinds of cross-chain transactions:
• Lock and mint: sending an asset from its original chain to a host chain
• Burn and mint: sending an asset from a host chain to a different host chain
• Burn and release: sending an asset from a host chain to the original chain
How Many Ren (REN) Tokens Are in Circulation?
REN is the native token of the Ren network that follows the ERC-20 standards. It has one billion tokens in total supply, and almost 100% of them have been distributed.
How to Buy Ren (REN)
Consider investing in Ren (REN)? It only takes 2 minutes to create an account on Bitget and start trading REN.
Check out the available REN trading pairs on Bitget!
Futures market
Spot market
Ren (REN) Resources
Buy Ren in Papua New Guinea with Bitget
How to safely store your Ren
- Sign up and transfer REN to your Bitget account.
- Alternatively, use Bitget Wallet as a self-custody solution for your REN.
How to withdraw Ren with Bitget's hassle-free withdrawal process
Taking over the eastern half of the New Guinea island is the nation of Papua New Guinea, situated in the southwestern region of the Pacific Ocean just north of Australia’s coastline. Because of its mix of cultures, the country boasts a whopping 839 known languages in the region, making it one of the world’s most linguistically diverse countries. While the government approximates a population of 9.4 million people, a new study suggests it’s actually upward of 17 million.
Port Moresby takes on the mantle of Papua New Guinea’s capital city, and offers tourists a whole range of attractions such as the Port Moresby Nature Park, Bomana War Cemetery, Varirata National Park, the Port Moresby Mosque, and the National Parliament House. For those with an affinity for water, you might also want to check out Ela Beach, Adventure Park, and Idler’s Beach.
The official currency of Papua New Guinea is the Kina (PGL), and you can purchase Ren(REN) in just a matter of minutes, no matter where you are in the country, from Port Moresby or Lae to Mount Hagen or Madang and Arawa. Our exchange offers a series of secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.
REN to local currency
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