How to Buy Render (RNDR) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Render, and is trustworthy!

You can find our top 3 exchanges for buying Render here, alternatively you can also check our comparison of the best crypto trading platforms in Australia if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Render

And of course, the final step is to find Render on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Render (RNDR)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Render

  1. Sign into the exchange
  2. Find where you stored your Render, either on a hardware wallet or on the exchange.
  3. Transfer your Render to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Render.
Businessman looking at crypto trend

Considerations when looking to buy Render.

RenderToken (RNDR), a distributed GPU rendering network, is built on the Ethereum blockchain. It connects artists and studios who need GPU compute power with miners willing to rent out their GPU capabilities. Founded in 2017 by Jules Urbach, OTOY inc. CEO, RNDR was launched in October 2017.

A private sale period ran from January 2018 to May 2018. In total, 117,843,239 RNDR (or $0.25 USD equivalent) were sold. During the private sale period early adopters were able to join the RNDR Beta Testnet. This was where beta node operators, artists, and the RNDR team worked together in building and testing it until the public launch on April 27, 2020.

RNDR is an ERC-20 utility token that artists use to exchange GPU compute power with GPU providers (node operator). RNDR uses a combination of manual and automated proof of work systems, or proof of render in this instance, to verify that all art was successfully rendered before payment disbursal. The inherent security features of Ethereum blockchain allow for proprietary assets to be hashed after upload. They are then sent to nodes individually for rendering.

All RNDR payments are held in escrow while rendering and are released to operators only after manual verification of successful work by the commissioning artists. All assets rendered on the network have been watermarked until payment has been successfully disbursed. After that, un-watermarked renderings can be downloaded. Once payment has been manually verified to be correctly rendered, payment remains in escrow.