Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Ravencoin, and is trustworthy!
You can find our top 3 exchanges for buying Ravencoin here, alternatively you can also check our comparison of the best Australian crypto trading platforms if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Ravencoin
And of course, the final step is to find Ravencoin on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Ravencoin (RVN)
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How to Sell Ravencoin
- Sign into the exchange
- Find where you stored your Ravencoin, either on a hardware wallet or on the exchange.
- Transfer your Ravencoin to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Ravencoin.
Considerations when looking to buy Ravencoin.
Ravencoin, a peer-to-peer digital network (P2P), aims to implement a specific use case blockchain. It is designed to efficiently manage one function: the transfer assets from one person to another. Ravencoin, a fork in the Bitcoin code was launched on October 31, 2017, and binaries were released for mining on January 3, 2018. This is what's known as a fair launch. There was no premine, ICO, or masternodes. Its name is a reference to Game of Thrones.
Ravencoin is a fork from the Bitcoin code and features four key changes. It has a modified issuance schedule with block reward of 5,000 RVN, block time decreased to one minute, and coin supply capped to 21 billion (a thousand-times more than BTC). A mining algorithm (KAWPOW), which was previously X16RV2 and X16RV2, respectively, to reduce centralization in mining due to ASIC hardware.
Ravencoin is a blockchain-based platform that aims to solve the problem with asset transfer and trading. In the past, an asset created on the Bitcoin blockchain could have been accidentally destroyed by someone trading the coins it was created with.
RVN coins can be used as internal currency in the network. They must be burned to obtain token assets on Ravenchain. Assets can be anything. They could represent real-world custodial items like gold or physical euro, virtual goods or objects, shares in a project such as stocks and securities, airline mileage, or an hour of someone’s wage.
Ravencoin Protocol will support integrated messaging systems and voting systems in future versions.