Last update: Jun 6, 2022

How to Buy Ravencoin (RVN)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Ravencoin. Depending on where you’re located, you’ll have a few crypto exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Ravencoin

How to Buy Ravencoin – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Ravencoin of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto exchanges.

4. Buy Ravencoin

Now that you have what you need to buy Ravencoin, head over to the market or buy section of the cryptocurrency trading platform and buy some RVN.

If the crypto exchange doesn’t have any Ravencoin on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Ravencoin first), and trade your Ethereum for Ravencoin.

Where to Buy Ravencoin (RVN)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Ravencoin

  1. Sign into the exchange where you bought Ravencoin.
  2. Move your Ravencoin to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Ravencoin.

 

Crypto trading

How to Buy Ravencoin (RVN) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Ravencoin in Australia, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Ravencoin if it’s available. If the exchange doesn’t have Ravencoin. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ravencoin), and trade your ETH for Ravencoin.

It’s also possible to check out our comparison of the sites for bitcoin trading in Australia if you’re curious to know more about the exchanges we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Ravencoin (RVN) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Ravencoin in Canada, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Ravencoin if it’s available. If the exchange doesn’t have Ravencoin. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ravencoin), and trade your ETH for Ravencoin.

You can also take a look at our analysis of the cheapest crypto exchanges in Canada for those curious to know more about which ones we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Ravencoin (RVN) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Ravencoin in the UK, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Ravencoin if it’s available. If the exchange doesn’t have Ravencoin. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ravencoin), and trade your ETH for Ravencoin.

Alternatively, if you want to know more about which exchanges we prefer, read our comparison of the best cryptocurrency trading platforms in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Ravencoin? RVN Rundown

Ravencoin (P2P) is a peer-to-peer digital network. It aims to create a specific use case blockchain that can efficiently manage one function: the transfer assets from one person to another. Ravencoin, which was created on a fork Bitcoin, was launched on October 31, 2017, and binaries were released for mining on January 3, 2018. This is known as a fair launch, meaning that there was no premine, ICO, or masternodes. Its name is a reference to the TV series 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.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.