How to Buy Ravencoin (RVN): A Simple Guide

In this guide, you'll learn everything about purchasing Ravencoin (RVN)—a unique cryptocurrency designed for asset transfers and decentralized mining. Whether you're a beginner or an experienced trader, this step-by-step tutorial will help you navigate the process seamlessly.

What Is Ravencoin (RVN)?

Ravencoin is a blockchain platform launched on October 31, 2017, as a Bitcoin fork with enhanced functionalities. It uses the x16R algorithm, making it resistant to ASIC mining and ensuring decentralization. Key features include:

• Asset Conversion: Digitize credits, virtual goods, and real-world assets.
• Peer-to-Peer (P2P) Transactions: Securely transfer assets without intermediaries.
• Speed: 1-minute block time for instant transactions.
• Open-Source Platform: Supports security tokens and verifiable asset ownership.

Key Resources:

• Website: Ravencoin.org
• Whitepaper: Read Here

Where to Buy Ravencoin (RVN)

To buy RVN, follow these steps:

1. Purchase Ethereum (ETH) or Bitcoin (BTC) on a fiat-friendly exchange like Coinbase.
2. Transfer ETH/BTC to a crypto exchange that supports RVN (e.g., Binance, Bybit, or MEXC).
3. Exchange ETH/BTC for RVN using the trading pairs BTC/RVN or ETH/RVN.
4. Store RVN in a secure wallet (hardware recommended).

Top Exchanges for RVN Trading:

| Exchange | Supported Pairs | Fiat Deposits |
|-----------|----------------|---------------|
| Binance | BTC/RVN, ETH/RVN | USD, EUR |
| Bybit | BTC/RVN | Crypto only |
| MEXC | ETH/RVN | Multiple fiats|

👉 Compare fees on Binance

Step-by-Step Purchase Process

Step 1: Buy Ethereum or Bitcoin

• Use platforms like Coinbase or Kraken to buy BTC/ETH with a debit card or bank transfer.

Step 2: Choose an RVN-Supported Exchange

• Create accounts on exchanges like Binance or MEXC.
• Deposit your BTC/ETH into the exchange wallet.

Step 3: Exchange for RVN

1. Navigate to the Markets section.
2. Search for RVN and select the trading pair (e.g., ETH/RVN).
3. Place a limit or market order.

👉 Start trading on Bybit

Securing Your RVN: Best Wallets

Store RVN in these hardware wallets for maximum security:

1. Ledger Nano X

   • Supports 1,200+ coins.
   • Bluetooth-enabled for mobile use.

2. Trezor Model T

   • Touchscreen interface.
   • Compatible with 1,093+ assets.

Always enable 2FA and keep your recovery phrase offline!

Frequently Asked Questions (FAQs)

Q1: Can I buy RVN with PayPal?

No—first buy BTC/ETH via PayPal on LocalBitcoins, then exchange for RVN.

Q2: Is cash purchasing possible?

Indirectly. Buy BTC/ETH with cash via LocalBitcoins, then trade for RVN.

Q3: How do I sell RVN?

Exchange RVN for BTC/ETH on supported platforms, then sell for fiat.

Q4: Can I mine RVN?

Yes! RVN uses GPU-friendly mining—no ASICs required.

Conclusion

Ravencoin’s ASIC-resistant algorithm and asset-transfer capabilities make it a standout cryptocurrency. By following this guide, you can safely buy, store, and trade RVN. For long-term holdings, use a hardware wallet like Ledger or Trezor.

🚀 Ready to invest? Get started on MEXC