A Step-by-Step-Guide on how to buy Ravencoin (RVN)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and getting your Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Ravencoin (RVN) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Ravencoin (RVN) Once your deposit has been affirmed, you'll immediately have access to your funds and you can commence purchasing and trading. To buy Ravencoin (RVN) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. To spot Ravencoin (RVN), you will need to insert the shortname of the coin (RVN) into the search-box, which is highlighted in the image. Make sure you have selected the correct grouping, we have marked this too. Click on “RVN/BTC” to go on.
Step 4 – Purchase Ravencoin (RVN) Once you have found Ravencoin (RVN), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date price Ravencoin (RVN) was sold for. You can change this to your desired price. The ”Amount” field is the volumen of RVN you like to purchase. The ”Total” field is the aggregated price in BTC that you'll settle for the complete quantity of RVN. If you are happy, click on “Buy RVN”. Your order will be filled when a Seller trades their RVN for the price you submitted.
Step 5 – Withdraw Ravencoin (RVN) Unless you are regularly trading, best advise is not to keep your crypto coins on an Exchange for an extensive period of time. To take off your Ravencoin (RVN), hover over the ”Funds” tab and mouse click on “Withdraw”. Ravencoin (RVN) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Ravencoin (RVN) by using the given drop-down box. Put into the volumen of Ravencoin (RVN) you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you are satisfied, click on “Submit”. You may be requested for verfication via email/phone before a take off.