How to Buy Rake Finance (RAK)

A Step-by-Step-Guide on how to buy Rake Finance (RAK)

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and getting Funds.

Binance Signup
Step 2 – Transfer Your Funds to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Rake Finance (RAK) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate Rake Finance (RAK)

As soon as your deposit has been confirmed, you will directly have access to your finances and you can commence purchasing and trading. To purchase Rake Finance (RAK) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to spot Rake Finance (RAK), you'll need to insert the shortname of the coin (RAK) into the search-box, which is marked in the image. Make sure you have selected the proper pairing, we have marked this also. Click on “RAK/BTC” to advance.

Binance Hot To Buy Rake Finance (RAK)
Binance How to Buy (RAK) Rake Finance
Step 4 – Buying Rake Finance (RAK)

Once you've spotted Rake Finance (RAK), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent rate Rake Finance (RAK) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of RAK you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete quantity of RAK.

When you are satisfied, click on “Buy RAK”. Your order will be filled as soon as a Seller sells their RAK for the price you gave.

Step 5 – Withdraw Rake Finance (RAK)

Unless you're regularly trading, never keep your crypto coins on an Exchange for an extended time frame. In order to take off your Rake Finance (RAK), go to the tab called “Funds” and mouse click on “Withdraw”. Rake Finance (RAK) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Rake Finance (RAK) by using the provided drop-down box. Enter the volumen of Rake Finance (RAK) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address.

When you're satisfied, click on “Submit”. You may be requested for phone/email verification before a take off.

Binance Withdraw

Kudos! You have successfully bought and stored Rake Finance (RAK).

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (RAK) Rake Finance is stored within your wallet, you are done.

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