Render (RENDER) is the 46th largest cryptocurrency by market cap, valued at US$2,636,000,899.
Render is a highly volatile asset capable of major price swings in a single day. Today RENDER is trading for $6.72 USD, which is higher than yesterday's trading price of $6.50 USD. Over the past year, Render's price has seen an increase of 191%.
So before you buy Render, make sure you understand these unique risks as well as its legal and tax status here in
Australia.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy Render.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
How to buy Render in 5 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Compare crypto exchanges
The easiest way to buy Render is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a deposit
Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
Buy Render
You can now exchange your funds for Render. On beginner-friendly exchanges, this is as simple as entering the AUD or RENDER amount you want to purchase and clicking "buy".
Secure your Render
Consider transferring your RENDER to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Where to buy Render in
Australia
Find an exchange to buy, sell and trade RENDER by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
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How we keep this Render guide up-to-date
RENDER price data is regularly updated through data feeds so you always have the latest information.
What is Render?
Those of you that have worked with 3D modelling before – whether it is for gaming, film, or special effects – will know how frustratingly long it can take computers to process and finalise projects. Most work is completed by the graphics processing unit (GPU), and even new-wave GPUs can be extremely slow in completing rendering tasks. Render Network aims to address this issue by creating a blockchain-based cloud system where users with idle GPUs are able to share processing power with others on the network. As outlined in the whitepaper, the decentralised protocol determines the required power and rewards for a specific task before executing a smart contract among connected users. Those offering their GPU will be rewarded with tokens in exchange for rendering power. RNDR is the native coin of Render Network and operates on the Ethereum blockchain using the ERC-20 token standard. The main purpose of the token is to provide rewards for GPU rendering tasks. Those that wish to borrow GPU will have to pay a portion of RNDR to the provider (also known as a "miner").
How do I find the best places to buy Render?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in
Australia to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Render?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Render.
This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing RENDER with your local currency then you will need to pass KYC.
Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy Render?
Once you've created an account, you will need to deposit funds to buy RENDER with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy RENDER:
Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
Cryptocurrency: You can usually purchase RENDER by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for RENDER on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Render?
The easiest way to buy RENDER is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying RENDER, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Render has been performing recently.
Best Render wallets to store your RENDER
You can keep your RENDER on the exchange you purchased it on, or move it to a personal wallet:
Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your RENDER below.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Is Render a good investment?
When you are deciding whether or not to invest in RNDR, it's worth considering a few things:
Competition. Render Network is an innovative blockchain solution to a prevalent problem among graphic designers. However, many centralised companies have also identified this issue and are aiming to solve it. Tech giants like Nvidia and Google are developing their own cloud-based GPU solutions, and these products will likely command a large portion of the market share. That said, as of July 2021, they are primarily used for machine learning, so RNDR does have a unique selling point for now.
Decentralisation. Render has implemented a number of AI and code-based solutions to griefing issues that may arise due to the platform's decentralised nature. How well these incentives dissuade exploits - for example, people incorrectly rendering graphics to finish jobs faster - will factor heavily into Render Network's success.
Tokenomics. The majority of RNDR tokens were allocated on launch to an escrow account, where a third party intermediary holds 65% of the initial supply. This stash is intended for supply/demand and will trickle back into the network as there is more uptake. 10% are also held as a "reserve", while the rest were sold to the crypto community.
Today's Render price versus ATH
Compare today's price of Render ($6.72 USD) against its all-time-high price of $13.53 USD on 17 March 2024. The closer the bar is to 100%, the closer RENDER is to reaching its ATH again.
Render's price: $6.72 USD ATH date: March 17, 2024
49.67%
Render ATH: $13.53 USD
How to trade, convert or sell Render
You can convert or sell your RENDER with the same exchange you bought it through:
Sign in to the exchange you have RENDER on.
If you store your Render in a digital wallet, compare crypto exchanges to convert or sell it on.
Choose Sell or Convert and place a sell order.
Choose the amount of RENDER you'd like to convert or sell.
Confirm the sell price and fees and close your sale of Render.
Complete your transaction and move your RENDER to a crypto wallet for storage.
Disclaimer: Cryptocurrencies, including Render, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of RENDER is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Render or any other cryptocurrency discussed.
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