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 Funds to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. 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 these easy steps) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Ravencoin (RVN) Once your deposit has been verified, you will now have access to your assets and you can launch invest and trading. To invest in Ravencoin (RVN) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to spot Ravencoin (RVN), you'll need to put the cointype (RVN) into the search box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have highlighted this also. Click on “RVN/BTC” to go ahead.
Step 4 – Buy Ravencoin (RVN) As soon as you've discovered Ravencoin (RVN), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are creating our own Limit Order. The ”Price” field will be filled with the most recent rate Ravencoin (RVN) was traded for. This can be changed to your desired price. The ”Amount” field is the amount of RVN you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole quantity of RVN. When you're glad, make a mouse click on “Buy RVN”. Your order will be filled as soon as a Seller sells their RVN for the price you offered.
Step 5 – Withdraw Ravencoin (RVN) Unless you are frequently trading, never keep your crypto on an Exchange for an extended period of time. In order to withdraw your Ravencoin (RVN), hover over the tab called “Funds” and click on “Withdraw”. Ravencoin (RVN) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Ravencoin (RVN) by using the provided drop-down box. Enter the quantity of Ravencoin (RVN) you'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you're glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.