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 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Ravencoin (RVN) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find Ravencoin (RVN) Once your deposit has been approved, you will immediately have access to your funds and you can start purchasing and trading. To buy Ravencoin (RVN) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To discover Ravencoin (RVN), you'll need to insert the cointype (RVN) into the search box, which is marked in the image. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “RVN/BTC” to go ahead.
Step 4 – Purchasing Ravencoin (RVN) Once you've spotted Ravencoin (RVN), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're going to make our own Limit Order. The ”Price” field will be filled with the most latest price Ravencoin (RVN) was sold for. This can be changed to your desired price. The ”Amount” field is the quantity of RVN you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole volumen of RVN. When you're satisfied, click on “Buy RVN”. Your order will be filled as soon as a Seller trades their RVN for the price you offered.
Step 5 – Withdraw Ravencoin (RVN) Unless you're regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended time frame. In order to take off your Ravencoin (RVN), hover over the tab called “Funds” and mouse click on “Withdraw”. Ravencoin (RVN) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Ravencoin (RVN) by using the provided drop-down box. Put into the amount of Ravencoin (RVN) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. If you are glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.