Ravencoin (RVN) offers a unique solution for transferring assets on the blockchain, designed specifically for this purpose. Built from a fork of Bitcoin’s code, Ravencoin ensures secure, efficient asset transfers without the risk of accidental destruction that can occur with other blockchains.
Launched with a fair approach — no premine, ICO, or master nodes — Ravencoin allows you to create and trade assets of all kinds, from real-world objects to digital goods.
So if you are curious to know how to buy Ravencoin and get started with asset transfers? Keep reading to find out!
How to Buy Ravencoin in 4 Easy Steps
Buying Ravencoin can seem daunting, but it doesn’t have to be. By following these four straightforward steps, you can quickly and easily acquire RVN and start managing your crypto assets.
Step 1: Choose a Crypto Exchange Platform
To begin buying Ravencoin (RVN), start by selecting a suitable cryptocurrency exchange. Pick a platform that lists Ravencoin and offers a reliable and secure trading environment.
Top exchanges where you can find Ravencoin include Binance, WazirX, CoinDCX, Gate.io, and KuCoin. Each of these platforms has a strong reputation and provides various features to enhance your trading experience. Consider factors like whether the exchange supports your location and the fees associated with transactions. Choosing the right exchange ensures that you can trade Ravencoin smoothly and safely.
Step 2: Register on any of the Platform
After choosing an exchange that supports RVN tokens, the next step is to register on that platform. During the registration process, you’ll need to provide personal information including your name, email address, phone number, and residential address.
The exchange will also request valid identification to verify your identity and complete the Know Your Customer (KYC) process. Requirements for ID may differ based on your location, so make sure you have the necessary documents ready.
This step ensures that you can securely and efficiently start trading Ravencoin.
Step 3: Buy the Cryptocurrency Using Your Feasible Payment Method
Once your exchange account is set up and verified, you can proceed to buy RVN tokens. Start by depositing funds into your account using a payment method that works for you.
You can use options such as digital wallet transfers, peer-to-peer (P2P) transactions, credit or debit cards, bank transfers, or third-party payment services.
Ravencoin can be purchased directly with fiat currencies like USD, INR, and EUR on platforms such as Crypto.com, CoinDCX, WazirX, and Bitvavo. Alternatively, if the exchange allows, you can buy Ravencoin using altcoins like Tether (USDT) or Bitcoin (BTC).
First, purchase USDT or BTC with your fiat currency and then trade these for Ravencoin in the spot trading section. This approach provides flexibility and helps you buy Ravencoin using the payment method that suits you best.
Step 4: Store the Cryptocurrency in a Wallet
After purchasing Ravencoin (RVN), it’s important to store it safely. Transfer your RVN from the exchange to a secure wallet to protect your assets. Begin by navigating to the withdrawal section of your exchange account where Ravencoin is held. Enter the public address of your chosen wallet. Select a wallet that supports Ravencoin for the transfer.
Wallets like Cobo Wallet, Atomic Wallet, Dove Wallet, CoinPayments, Exodus, and Guarda Wallet are all suitable options. Enter the amount of RVN you want to transfer and confirm the transaction. This step ensures your Ravencoin remains secure and reduces the risk of potential exchange-related issues.
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Where To Buy Ravencoin (RVN)
Launched in 2018, WazirX is a prominent cryptocurrency exchange based in India and is part of the Binance ecosystem. The platform supports over 80 cryptocurrencies and provides features like instant INR deposits and withdrawals, as well as the world’s first auto-matching P2P engine. WazirX also offers the Smart Token Fund, which connects crypto investors with expert traders. The WRX token, based on the Binance blockchain, grants various benefits to holders, including trading fee discounts and airdrops.
Factsheet
Operational Since: | 2018 |
Deposit Methods: | Mobikwik Wallet, P2P trading, crypto-to-crypto wallets |
Deposit Fees: | None |
Cryptos Listed: | 80+ |
Trading Fees: | Maker Fee: Depends on WRX tokens (ranges from 0.40%-0.10%) |
Fiat Currencies Supported: | USD and INR |
Trustworthiness: | Safe and reliable |
Binance is the largest cryptocurrency exchange globally by trading volume, with a daily trading volume of $76 billion and 90 million users. The platform facilitates the buying, selling, and storing of digital assets, supporting over 350 cryptocurrencies and numerous trading pairs. Binance’s ecosystem includes diverse services such as Binance Labs, Launchpad, Trust Wallet, and Binance Academy, among others.
Factsheet
Operational Since: | 2017 |
Deposit Methods: | PayPal, Debit/Credit, UPI, Crypto |
Deposit Fees: | Nil |
Cryptos Listed: | 500+ |
Trading Fees: | 0.1% per trade |
Fiat Currencies Supported: | USD, EUR, GBP, AUD and more |
Trustworthiness: | Safe and Reliable |
CoinDCX, established on April 7, 2018, is a leading cryptocurrency exchange in India, known for its user-friendly experience and robust security measures. The platform enables near-instant fiat-to-crypto conversions with zero fees and offers a wide range of crypto financial products. It features a rapid onboarding process, with KYC and bank account verification completed in about 5 minutes. It supports minimal trading and withdrawal fees and provides instant deposit and withdrawal capabilities.
Factsheet
Operational Since: | 2018 |
Deposit Methods: | Bank transfers, UPI, Debit/Credit cards, Crypto transfers |
Deposit Fees: | Nil on fiat deposits |
Cryptos Listed: | 500+ |
Trading Fees: | 0.03% – 0.50% (Depends upon the trading volume) |
Fiat Currencies Supported: | INR |
Trustworthiness: | Safe and Reliable |
Frequently Asked Questions
Where Can You Buy Ravencoin With A Credit Or Debit Card?
You can buy Ravencoin with your credit or debit card on several crypto exchanges. Platforms like CoinDCX, Crypto.com, and Giottus allow you to purchase Ravencoin directly using your card. If these options are not available, you can buy other cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH) with your card first. Then, trade those cryptocurrencies for Ravencoin on an exchange that supports it. This approach makes it simple to get Ravencoin.
What Will You Need To Buy Ravencoin?
To buy Ravencoin, follow these simple steps. First, sign up and verify your account on a cryptocurrency exchange that supports Ravencoin. For verification, you’ll need a government-issued ID, proof of address, and sometimes a tax registration number. Once your account is set up, choose a payment method accepted by the exchange, like a credit or debit card, bank transfer, or other options. Lastly, you’ll need a secure crypto wallet that supports Ravencoin to store your tokens safely.
What Is The Easiest Way To Buy Ravencoin?
The easiest way to buy Ravencoin is by using bank transfer methods like NEFT, RTGS, or IMPS, or by using debit or credit cards. First, select a reliable exchange that supports Ravencoin tokens and your preferred payment methods.
Note: Before completing your purchase, review any associated gas fees and deposit or withdrawal fees. This ensures that you get the best value for your RVN tokens.
Best Wallets To Store Your Ravencoin (RVN)
If you’re looking to store Ravencoin (RVN) safely, consider these top wallets:
- Cobo Wallet: Known for its robust security features and user-friendly interface.
- Atomic Wallet: Offers a built-in exchange and supports multiple cryptocurrencies.
- Dove Wallet: Provides strong security and ease of use for Ravencoin.
- CoinPayments: Ideal for those who need a wallet with extensive merchant support.
- Exodus: Features a sleek design and integrated exchange services.
- Guarda Wallet: Known for its multi-currency support and strong security measures.
These wallets offer unique features to keep your Ravencoin secure and accessible.
