Render Token (RENDER) is a standout project within the decentralized physical infrastructure network (DePIN). The project has soared in popularity in a short space of time, leaving many crypto enthusiasts looking to buy Render Token before the bull market really heats up in 2024. Here’s everything you need to know about buying and storing RENDER.
Methodology
The process for selecting the top wallets and exchanges was conducted over a period of six months. We compared several leading platforms to help you select the best cryptocurrency exchange for purchasing Render Token (RENDER). Our evaluation was based on important criteria such as security, fees, and user experience.
The chosen wallets are Coinbase Wallet, Ledger, Trezor, OKX Wallet, and Binance. Each wallet was chosen for its unique features such as user interface, security measures, support for multiple cryptocurrencies, and additional functionalities like staking rewards, DeFi integration, and trading capabilities.
Exchanges
- Coinbase: Known for its user-friendly interface, Coinbase offers a broad range of cryptocurrencies and robust security measures, including biometric access controls and two-factor authentication. It also features a built-in wallet and educational resources for users.
- OKX: Supports a multi-chain wallet system and high-level security features like multi-signature support. OKX integrates trading features directly within the wallet, includes a built-in DeFi hub, and offers on-chain analytics for portfolio management.
- Kraken: Known for comprehensive security features, including two-factor authentication and PGP email encryption. Kraken supports a wide range of cryptocurrencies and trading pairs, offers margin and futures trading, and provides educational resources for informed trading decisions.
- CoinEx: Offers a variety of cryptocurrencies and trading pairs with advanced trading tools and features like margin trading. CoinEx ensures security through two-factor authentication and cold wallet storage, along with competitive trading fees and regular promotions.
- BingX: In addition to RENDER, BingX offers over 700 cryptocurrencies to trade and over 800 markets or trading pairs. The exchange also allows you to spot trade, trade derivatives, and copy trade.
Wallets
- Coinbase Wallet: Offers an intuitive user interface, supports a wide range of cryptocurrencies, features enhanced security measures, includes a built-in DApp browser, and allows users to earn staking rewards.
- Ledger: Designed as a hardware wallet providing offline storage, supports 1,500+ cryptocurrencies, features a robust security chip, offers Ledger Live software for easy asset management, integrates with third-party services, and allows users to verify transaction details on the device’s screen.
- Trezor: A hardware wallet emphasizing security with offline storage and robust encryption, supports multiple cryptocurrencies, includes a secure PIN code system, allows for a 24-word recovery seed backup, is fully open-source, and provides a user-friendly interface.
- OKX Wallet: Supports a multi-chain wallet system, offers high-level security features including multi-signature support, integrates trading features directly in the wallet, includes a built-in DeFi hub, and provides on-chain analytics for portfolio management.
- Binance Wallet: Provides an ecosystem with various services like staking and loans, and includes strong security measures such as two-factor authentication. It is a MetaMask alternative that allows you to access popular DApps.
To learn more about BeInCrypto’s Verification Methodology, navigate to the following page.
- Where to buy Render Token (RENDER)
- Coinbase
- BingX
- OKX
- Kraken
- CoinEx
- How to buy Render Token (RENDER)
- What is Render Token (RENDER)?
- How does Render Token (RENDER) work?
- Why is Render Token (RENDER) popular?
- Render Token (RENDER) vs. other cryptocurrencies
- Render Token (RENDER) ecosystem
- Render Token (RENDER) wallets
- 1. Trezor
- 2. Coinbase Wallet
- 3. Ledger
- 4. OKX Wallet
- 5. Binance Web3 Wallet
- Render Token (RENDER): Should you buy into the hype?
- Real-world utility through GPUs
- Frequently asked questions
Important note: The Render Network Foundation is facilitating an upgrade from ETH (RNDR) to SOL (RENDER). The Render Token community voted to move the token to Solana as the network is faster, cheaper, and deemed better able to handle the broad vision of the Render Network. When upgrading RNDR ERC-20 tokens to RENDER SPL tokens, there is a 1:1 upgrade ratio. 1 RENDER = 1 RNDR. This article will refer to the token’s ticker as RENDER; the newest, SPL token format.
Where to buy Render Token (RENDER)
Before you buy Render Token, you must first choose a compatible exchange. Here are a few of the top crypto exchanges that support the asset.
Coinbase
Coinbase is one of the most popular crypto trading platforms in the world, and the most successful platform in the U.S. It was created by Brian Armstrong and Fred Ehrsam. Coinbase has gained a reputation for its adherence to strong security and legal compliance. Coinbase users can buy and sell RENDER with ease.
BingX
BingX is a platform for trading and exchanging cryptocurrencies. It provides services in about 100 countries and regions and has more than 10 million users globally. In addition to spot trading, BingX also provides derivatives, copy trading, asset management, and other diversified products and services.
OKX
Formerly known as OKEx, OKX is a global cryptocurrency exchange that allows you to buy, sell, and trade cryptocurrencies. The platform is known for having a wide variety of assets, trader-friendly features, platform safety funds, and publishing its proof-of-reserves.
Kraken
Kraken is a U.S. based cryptocurrency exchange. Founded in 2011 by Jesse Powell, It is one of the oldest Bitcoin exchanges. Kraken has since expanded its services, most notably known for its trading features like crypto futures. The highly secure exchange has never suffered a large-scale hack and employs a multitude of safety features to keep users and theirs assets secure.
CoinEx
CoinEx is a global cryptocurrency exchange founded in 2017 and headquartered in Hong Kong. It provides spot and futures trading without KYC, as well as margin trading. CoinEx is available in 15 languages and accepts over 800 cryptocurrencies.
How to buy Render Token (RENDER)
Once you’ve chosen a compatible crypto exchange, it’s time to buy RENDER. Note that the general steps are very similar regardless of the platform you choose. In this case, we’ve illustrated the buying and selling journey on Coinbase.
1. Open Coinbase: Upon opening the app, you will notice a list of some of the most popular tokens. From left to right, notice the three icons at the top of the screen: the menu, search bar, and notification icons. Select the search bar to find Render (RENDER).
2. Select Render (RENDER) token: In this image, RENDER populates as one of the “Recent” searches. However, you will most likely have to search for the token by typing Render in the search bar.
3. Select the “Buy” button: On the following page, from top to bottom, you will see the price of Render, followed by a chart with its historical price performance and many other options to interact with the token. Select the plus sign (a.k.a. the “Buy” button) to purchase RENDER.
4. Buy Render (RENDER): In the top left corner there is a dropdown menu to create recurring or one-time buy orders. Below, you can select the amount you would like to buy. Lastly, select your preferred payment method.
5. Confirm your order: Check all of the information on the following page to ensure everything is correct. Again, you can create recurring buy orders on the page too, by selecting the “Invest Weekly” slider. If everything is correct, press “Buy Now.”
6. View your order: After you click the “Buy Now” button, you must wait for an email to confirm that your order has been processed. Once you receive this email, you have officially bought RENDER.
How to sell Render Token (RENDER)
1. Open the Coinbase app: Once you open the Coinbase app, you will have a few options to sell RENDER. You can either navigate to “My Assets” or “Trade.”
2. Select Render (RENDER) token: If you select “My assets”, you can view your balance and the transaction activity of all your crypto. Scroll down and select Render.
3. Sell Render (RENDER) token: You have five different options to interact with your Render token: buy, sell, convert, send, or receive. Select the “Sell” button.
4. Select the amount to sell: Select the amount of RENDER that you would like to sell. You can convert it into other cryptocurrencies, the preferred stablecoin of the Coinbase platform (USDC), which pays you to own it, or into your native fiat currency (e.g., USD, CAD, EUR, etc.).
5. Confirm your choices: Look over the information provided on the following screen. Once you have confirmed that all information is correct, select “Sell Now.”
6. View your order: Once you select “Sell Now,” you must wait for an email to confirm that your order has been processed. Once you receive this email your order will be complete.
What is Render Token (RENDER)?
Render is a popular project in the decentralized physical infrastructure network (DePIN) sector of crypto. It is a decentralized GPU network for cloud “rendering” 3D graphics and animation. This could be used for gaming, augmented reality (e.g., the metaverse), virtual reality, and other activities.
Simply put, sellers can rent their idle GPU power to buyers in need of excess processing power. While GPU cloud computing is not a new concept, Render offers these services with the addition of:
- Significantly lower costs
- Increased processing speeds
- Decentralized infrastructure (nodes are distributed across the globe)
How does Render Token (RENDER) work?
Render is used as the utility token on the render network to cover the cost of VFX, animation, and motion graphics rendering. It initially launched as an ERC-20 token on the Ethereum blockchain.
As the demand for high-performance computing and rendering services grew, the limitations of Ethereum’s scalability and transaction costs became more apparent. To address these challenges, the Render community decided to migrate to the Solana blockchain.
The migration involved transitioning RENDER from an ERC-20 token to an SPL token, the native token standard on the Solana blockchain. This process enabled Render to take advantage of Solana’s robust infrastructure, which includes faster transaction times and greater scalability.
Why is Render Token (RENDER) popular?
RenderToken’s popularity stems primarily from its AI and GPU/Nvidia narratives. The collaboration with Apple also gives RENDER credibility and creates a huge market opportunity for RENDER to demonstrate its technological advantage over competitors.
It would also be fair to say that Render gained popularity because of its alignment with the Decentralized Physical Infrastructure Network (DePIN) narrative.
What we are talking about here is an attempt to decentralize physical infrastructure for the personal use…So you could think of your computer, your internet, your storage, anything that you may have individually, but it’s not being used. You can now offer those to people who would need it at a lower cost.
Giovanni Populo, Ambassador at Consensys
DePIN involves leveraging blockchain technology to decentralize and optimize physical infrastructure, a concept that resonates well with Render’s decentralized GPU rendering network.
Render Token (RENDER) vs. other cryptocurrencies
One way to understand Render and the value it adds is to compare it to other cryptocurrencies. Let’s take a look at how the crypto compares with Ethereum (Ether).
Render Token (RENDER) vs. Ethereum (ETH): An ultimate comparison
The biggest difference between Ethereum and Render is that Ethereum is a digital network, while Render is a physical one. Ethereum is a virtual machine, ran on a distributed network of nodes, that allows you to run programs or smart contracts for various decentralized applications (DApps).
On the other hand, Render is an application specific network, created to support graphics rendering tasks. In other words, Ethereum has a broad purpose, while Render has a narrow one.
Furthermore, Render is an SPL token on the Solana blockchain and Ether (ETH) is a coin native to its own blockchain. As of May 22, 2024, Render has a market cap just over $4.2 billion. Ethereum has a market cap of approximately $455 billion, which makes up about 15% of the total crypto market and is about 100 times larger than Render’s market cap.
| Features | Render (RENDER) | Ethereum (ETH) |
|---|---|---|
| Type | SPL token | Native Coin to Ethereum |
| Market cap | $4.2 billion | $466 billion |
| Purpose | Graphics rendering network | Virtual machine |
| Scope | Application specific | Broad application |
Render Token (RENDER) ecosystem
In addition to Apple, Render has procured various partnerships and has onboarded multiple artists and projects to use its network. Some of these include artists, companies, and projects such as:
- Beeple
- Annibale Siconolfi
- Stability AI
- Justin Bodnar, also known as jstngraphics
- Endeavor
- Zomax
Render Token (RENDER) wallets
While Render is not a network that requires custom built wallets to store tokens, there are a few hot and cold wallet options out there that allow you to store RENDER securely. Here’s our top picks.
1. Trezor
Trezor stands out for its emphasis on security and practical features. The hardware wallet keeps private keys offline and requires physical authentication. Furthermore, Trezor’s software is open-source, allowing the community to contribute to its development, including regular and significant firmware updates.
Those who prefer advanced interfaces can choose a touchscreen variant. Trezor offers a highly secure, yet accessible, and simple wallet option for users looking to hold RNDR for the long term.
2. Coinbase Wallet
Because of its extensive features and strong infrastructure, Coinbase Wallet is a great choice for storing Render Token (RNDR).
More than 250 cryptocurrencies are supported by the wallet, including well-known assets like Bitcoin and Ethereum, which account for nearly 45% of all trades on the platform. Alongside RENDER, this variety guarantees users have access to a wide range of resources.
3. Ledger
Ledger wallets are distinguished by their robust hardware-software integration, which includes the ST33 secure element chip, which is designed to protect your assets with top-tier security measures. This chip, powered by Ledger’s proprietary Blockchain Open Ledger Operating System (BOLOS), provides a comprehensive security experience. Furthermore, Ledger includes a passphrase feature that allows users to recover their private key in 24 words.
4. OKX Wallet
OKX Wallet is a popular choice among users looking to store and manage RENDER for a variety of reasons. The wallet supports over 350 cryptocurrencies and over 500 trading pairs. Furthermore, the wallet’s appealing tier-based fee structure ranges from 0% to 0.23%, making it an affordable option for traders of all levels. In addition to providing low fees and secure RNDR storage, the wallet serves as a gateway to web3 and DeFi, with support for thousands of DApps and NFTs.
5. Binance Web3 Wallet
Binance Web3 Wallet is recommended as a good place to store RENDRE for several reasons. The non-custodial wallet provides users with complete control over their private keys and does not rely on the centralized Binance exchange for key storage. It supports multiple blockchains, including Ethereum, Binance Smart Chain, Polygon, and Avalanche. Furthermore, MPC (multi-party computation) technology governs each transaction and reduces single points of failure, ensuring asset security.
Render Token (RENDER): Should you buy into the hype?
Narratives rule everything in crypto, and all too often, projects can generate a lot hype without providing any actual value. Find out if Render is such a project below in the following breakdown.
Pros and cons of investing in Render Token (RENDER)
Render not only has a proof of concept, but has also done exceptionally well in gaining investor attention. Furthermore, the benefit of investing in Render is that the company itself already has a proven track record of collaborating and working with big names.
The Render token itself has real-world utility, which is a stark contrast to projects that wholly exist on-chain. This allows the network to have real-world value. Because users pay for services Render, the token will always have utility.
The downside to investing in Render Token could come from a few hypothetical scenarios. Most obviously, the GPU network itself has to gain actual usage.
Secondarily, in an uncertain regulatory environment, investors may face trouble investing in Render depending on their location. If the network is decentralized geographically, or if users are in certain jurisdictions, they may not be able to invest in Render.
Is Render Token (RENDER) a good investment for you?
Whether or not the Render token is a good investment for you depends on your personal financial situation. However, there are a few considerations you should keep in mind before investing.
Firstly, Render transitioned from the Ethereum blockchain to Solana some time ago. Solana gained a lot of attention in Q1 2024 from meme coins and various new projects. This inflow of capital likely positively contributed to Render’s price performance.
The decentralized infrastructure narrative could also contribute to Render’s adoption. As stated previously, much of crypto trading is dominated by trends. Coupled with the interest in Solana and the DePIN narrative, and its various big name collaborations and partnerships, Render could possibly benefit from these factors.
Real-world utility through GPUs
Deciding whether to buy the Render Token (RENDER) requires careful consideration of several factors. Render offers real-world utility through its decentralized GPU rendering services. The project is backed by strong partnerships and a robust technological foundation. However, ultimately, the decision to invest should be based on individual financial circumstances, risk tolerance, and your ability to stay informed about market trends and regulatory developments. Always DYOR, and never invest more than you can afford to lose.
Frequently asked questions
You can buy Render Token on either a centralized (CEX) or decentralized exchange (DEX). CEXs like Coinbase, Kucoin, CoinEx, Kraken, and OKX allow you to purchase Render. You can also purchase it on a DEX like Raydium.
Yes, you can purchase Render on Binance Global and Binane US. You can also swap other tokens in exchange for Render. Binance may not be available in all regions, so it is best to check the official website for details on supported locations.
Whether or not Render is worth investing in depends on your personal financial situation. You can invest in Render as a trader or by utilizing its GPU rendering services. Interested parties should keep in mind that investing is risky and you can potentially lose money.
Currently, there is no way to natively earn Render, as is the case with staking. You can however run a Render node to fulfill visual rendering services for users. Node operators earn RENDER in return for these services.
RENDER has plans for expansion and to add more services in the future. Whether or not Render will be successful in the future depends on many factors. Investing is uncertain and can be potentially risky.
The best place to buy Render depends on your personal needs. If you require non-custodial and relatively private interactions, you may want to purchase Render on a DEX. Buyers may also purchase Render on a CEX if they require additional services not offered by DEXs.
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