A Step-by-Step-Guide on how to buy Ravencoin (RVN)
Step 1 – Join Kraken You'll first need to purchase units of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below to register and receive Ethereum or Bitcoin.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Ravencoin (RVN) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you've selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Find Ravencoin (RVN) Once your deposit has been verified, you'll immediately have access to your funds and you can start buying and trading. To purchase Ravencoin (RVN) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. To locate Ravencoin (RVN), you'll need to insert the shortname of the coin (RVN) into the search-box, which is marked in the picture. Make sure you have selected the right pairing, we have marked this also. Click on “RVN/BTC” to go on.
Step 4 – Buying Ravencoin (RVN) After you have located Ravencoin (RVN), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date price Ravencoin (RVN) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of RVN you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the complete volumen of RVN. If you are glad, make a mouse click on “Buy RVN”. Your plan will be filled as soon as a Vendor sells their RVN for the price you gave.
Step 5 – Withdraw Ravencoin (RVN) Unless you're regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extended period of time. To withdraw your Ravencoin (RVN), hover over the tab called “Funds” and mouse click on “Withdraw”. Ravencoin (RVN) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Ravencoin (RVN) by using the provided drop-down box. Enter the amount of Ravencoin (RVN) you'd like to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, click “Submit”. You could be requested for email/phone verification before a withdrawal.