A Step-by-Step-Guide on how to buy Ripio Credit Network (RCN)
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Ripio Credit Network (RCN) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Ripio Credit Network (RCN) As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can commence invest and trading. To purchase Ripio Credit Network (RCN) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. To locate Ripio Credit Network (RCN), you'll need to insert the cointype (RCN) into the search box, which is highlighted in the image. Make sure you have choosen the right pairing, we have highlighted this too. Click on “RCN/BTC” to proceed.
Step 4 – Purchase Ripio Credit Network (RCN) Once you have found Ripio Credit Network (RCN), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date rate Ripio Credit Network (RCN) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of RCN you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete quantity of RCN. When you're glad, click on “Buy RCN”. Your plan will be filled as soon as a Seller sells their RCN for the price you introduced.
Step 5 – Withdraw Ripio Credit Network (RCN) Unless you're trading, never keep your crypto coins on an Exchange for an extensive time period. In order to take off your Ripio Credit Network (RCN), go to the tab called “Funds” and click on “Withdraw”. Ripio Credit Network (RCN) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Ripio Credit Network (RCN) by using the provided drop-down box. Enter the quantity of Ripio Credit Network (RCN) you would like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.