A Step-by-Step-Guide on how to buy Ravencoin (RVN)
Step 1 – Signup to CEX.io You will first need to buy units of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Ravencoin (RVN) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you have selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate (RVN) Ravencoin Once your deposit has been verified, you'll directly have access to your funds and you can commence buying and trading. To buy (RVN) Ravencoin on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. To discover (RVN) Ravencoin, you'll need to insert the shortname of the coin (RVN) into the search-box, which is marked in the graphic. Make sure you have selected the right pairing, we've marked this too. Click on “RVN/BTC” to progress.
Step 4 – Buy Ravencoin (RVN) As soon as you have found Ravencoin (RVN), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are creating our own Limit Order. The ”Price” field will be filled with the most recent valuation Ravencoin (RVN) was sold for. You can change this to your desired price. The ”Amount” field is the volumen of RVN you like to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete volumen of RVN. When you're glad, make a mouse click on “Buy RVN”. Your plan will be filled as soon as a Vendor sells their RVN for the price you introduced.
Step 5 – Withdraw Ravencoin (RVN) Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an extended time period. 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 instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Ravencoin (RVN) by using the provided drop-down box. Enter the amount of Ravencoin (RVN) you would like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification before a withdrawal.