A Step-by-Step-Guide on how to buy Ravencoin Classic ()
Step 1 – Signup to Kraken You will first need to purchase units of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and to get Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Ravencoin Classic () is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you have selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find Ravencoin Classic () As soon as your deposit has been confirmed, you'll directly have access to your finances and you can start buying and trading. To purchase Ravencoin Classic () on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. In order to locate Ravencoin Classic (), you'll need to put the cointype () into the search box, which is highlighted in the image. Make sure you have selected the right grouping, we've highlighted this also. Click on “/BTC” to proceed.
Step 4 – Acquisition of Ravencoin Classic () Once you have discovered Ravencoin Classic (), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're making our Limit Order. The ”Price” field will be automatically filled with the most recent price Ravencoin Classic () was sold for. You can change this to your preferred rate. The ”Amount” field is the amount of you wish to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the whole amount of . If you are happy, make a mouse click on “Buy ”. Your plan will be filled as soon as a Vendor trades their for the price you offered.
Step 5 – Withdraw Ravencoin Classic () Unless you are frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive period of time. To withdraw your Ravencoin Classic (), go to the ”Funds” tab and mouse click on “Withdraw”. Ravencoin Classic () can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Ravencoin Classic () by using the provided drop-down box. Put into the volumen of Ravencoin Classic () you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.