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 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has 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're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate Ripio Credit Network (RCN) Once your deposit has been verified, you will instantly have access to your finances and you can start invest and trading. To buy Ripio Credit Network (RCN) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. In order to spot Ripio Credit Network (RCN), you will need to put the short name of the asset (RCN) into the search-box, which is marked in the image. Make sure you have choosen the right grouping, we've highlighted this too. Click on “RCN/BTC” to advance.
Step 4 – Buying Ripio Credit Network (RCN) As soon as you've located Ripio Credit Network (RCN), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to make our own Limit Order. The ”Price” field will be automatically filled with the most recent tariff Ripio Credit Network (RCN) was traded for. This can be changed to your favoured price. The ”Amount” field is the quantity of RCN you wish to buy. The ”Total” field is the whole price in BTC that you'll settle for the whole amount of RCN. When you are glad, make a mouse click on “Buy RCN”. Your plan will be filled as soon as a Seller trades their RCN for the price you submitted.
Step 5 – Withdraw Ripio Credit Network (RCN) Unless you are regularly trading, best advise is not to keep coins on an Crypto Trader for an extended time frame. In order to withdraw your Ripio Credit Network (RCN), go to the ”Funds” tab and click on “Withdraw”. Ripio Credit Network (RCN) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Ripio Credit Network (RCN) by using the given drop-down box. Put into the amount of Ripio Credit Network (RCN) you would like to withdraw. Don't forget the displayed fees/minimums. 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 email/phone verification ahead of a take off.