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How to Buy Riecoin (RIC)

A Step-by-Step-Guide on how to buy Riecoin (RIC)

Step 1 – Signup to CEX.io

You will first need to buy units of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below for registration and getting your Bitcoin or Ethereum.

Binance Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Riecoin (RIC) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

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 Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find Riecoin (RIC)

As soon as your deposit has been approved, you will instantly have access to your funds and you can begin purchasing and trading. To purchase Riecoin (RIC) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to locate Riecoin (RIC), you will need to insert the shortname of the coin (RIC) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we've highlighted this too. Click on “RIC/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} Riecoin (RIC)
Step 4 – Purchase Riecoin (RIC)

After you've located Riecoin (RIC), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are going to make our own Limit Order.

The ”Price” field will be filled with the most recent price Riecoin (RIC) was sold for. This can be changed to your desired price. The ”Amount” field is the quantity of RIC you wish to buy. The ”Total” field is the total price in BTC that you will settle for the whole volumen of RIC.

If you are satisfied, click on “Buy RIC”. Your plan will be filled as soon as a Seller sells their RIC for the price you offered.

Step 5 – Withdraw Riecoin (RIC)

Unless you are frequently trading, best advise is not to keep coins on an Crypto Exchange for an extensive time frame. To take off your Riecoin (RIC), go to the tab called “Funds” and mouse click on “Withdraw”. Riecoin (RIC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Riecoin (RIC) by using the provided drop-down box. Drop in the quantity of Riecoin (RIC) you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

If you are happy, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a take off.

Congrats! You have successfully purchased and stored Riecoin (RIC).

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Riecoin (RIC) is safe within your wallet, you're done.

Some other Guides on How to buy different Altcoins

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How to Buy Altcoins
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