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 – Send Your Ethereum or Bitcoin to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Ravencoin (RVN) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you've selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find Ravencoin (RVN) As soon as your deposit has been confirmed, you'll directly have access to your funds and you can start buying and trading. To purchase Ravencoin (RVN) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To locate Ravencoin (RVN), you'll need to insert the shortname of the coin (RVN) into the search-box, which is highlighted in the image. Be certain of having choosen the correct pairing, we have marked this too. Click on “RVN/BTC” to go on.
Step 4 – Buy Ravencoin (RVN) After you've located Ravencoin (RVN), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're making our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date valuation Ravencoin (RVN) was traded for. You can change this to your desired price. The ”Amount” field is the volumen of RVN you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete amount of RVN. If you're glad, click on “Buy RVN”. Your order will be filled when a Vendor trades their RVN for the price you submitted.
Step 5 – Withdraw Ravencoin (RVN) Unless you're regularly trading, never keep your coins on an Exchange for an extensive time frame. In order to withdraw your Ravencoin (RVN), go to the tab called “Funds” and click on “Withdraw”. Ravencoin (RVN) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Ravencoin (RVN) by using the provided drop-down box. Drop in the volumen of Ravencoin (RVN) you would wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you're happy, click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.
Congratulations! You've successfully bought and stored Ravencoin (RVN).That's it! Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the (RVN) Ravencoin is safe within your wallet, you're finished.
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