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How to Buy RAKON (RKN)

A Step-by-Step-Guide on how to buy RAKON (RKN)

Step 1 – Signup to CEX.io

You'll first need to purchase units of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and getting your Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. RAKON (RKN) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

Make sure you've chosen the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find RAKON (RKN)

As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can commence buying and trading. To buy RAKON (RKN) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”.

In order to find RAKON (RKN), you'll need to put the cointype (RKN) into the search box, which is marked in the picture. Be certain of having choosen the correct pairing, we've marked this also. Click on “RKN/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} RAKON (RKN)
Step 4 – Acquisition of RAKON (RKN)

After you have located RAKON (RKN), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the most latest price RAKON (RKN) was traded for. You can change this to your favoured rate. The ”Amount” field is the volumen of RKN you like to purchase. The ”Total” field is the total price in BTC that you'll settle for the whole volumen of RKN.

If you are glad, make a mouse click on “Buy RKN”. Your order will be filled when a Vendor sells their RKN for the price you gave.

Step 5 – Withdraw RAKON (RKN)

Unless you are trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended time period. To withdraw your RAKON (RKN), hover over the ”Funds” tab and click on “Withdraw”. RAKON (RKN) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate RAKON (RKN) by using the given drop-down box. Put into the quantity of RAKON (RKN) you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Kudos! You've successfully bought and stored RAKON (RKN).

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've proved your take off with Etherscan.io or Ethplorer.io and the RAKON (RKN) is safe in your wallet, you're done.

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