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 BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Ravencoin (RVN) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Ravencoin (RVN) Once your deposit has been verified, you will now have access to your assets and you can begin purchasing and trading. To invest in Ravencoin (RVN) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to locate Ravencoin (RVN), you will need to insert the shortname of the coin (RVN) into the search box, which is highlighted in the image. Be certain of having choosen the right pairing, we've highlighted this too. Click on “RVN/BTC” to proceed.
Step 4 – Buying Ravencoin (RVN) Once you've spotted Ravencoin (RVN), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to make our own Limit Order. The ”Price” field will be filled automatically with the latest rate Ravencoin (RVN) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of RVN you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete volumen of RVN. When you are happy, make a mouse click on “Buy RVN”. Your plan will be filled when a Vender trades their RVN for the price you introduced.
Step 5 – Withdraw Ravencoin (RVN) Unless you're regularly trading, never keep your coins on an Crypto Trader for an extended period of time. In order to take off your Ravencoin (RVN), go to the ”Funds” tab and click on “Withdraw”. Ravencoin (RVN) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Ravencoin (RVN) by using the provided drop-down box. Enter the amount of Ravencoin (RVN) you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address. If you're glad, click “Submit”. You may be asked for verfication via phone/email ahead of a take off.