Buy Raven Coin in India — Step by Step guide for beginners
How to Buy RavenCoin in India?
What is Raven Coin?
Ravencoin is created to handle one defined objective well: asset transfer from one party to another. The Raven protocol’s purpose is to establish a use case oriented blockchain and development effort that can create code, offering advantages for certain use cases while contributing to open source technology that might be used by Bitcoin or other projects.
Key features of Ravencoin
- Occam simplicity — The fewer moving parts the fewer ways something can break. Ravencoin was built to be akin to counter party, but it grew into code so that the consumer was aware of the assets.
- Proven POW mining governance mechanism — The governance for Ravencoin is POW mining. The miners run the software they want. There are no directors, no headquarters, no official developers, no offices, no treasury, no budget, and no executives.
- Permissionless, censorship-resistant base layer — Because the base layer of Ravencoin is based on POW mining it cannot be altered or tampered with aside from a 51% attack which would be visible to all on the network.
- Less friction in asset creation and transfer — assets are created using a basic default wallet that can be downloaded from GitHub. It takes just minutes and no programming expertise is needed.
How to buy Raven Coin?
Buy Raven Coin in India — Step by Step Guide For Beginners
Step 1 — Open a Digital Wallet
A digital wallet houses your cryptocurrencies and uses blockchain technology to communicate with other citizens. It is important to make in-depth research before you decide what one is best for you, however, there are several providers of digital wallets. Today, BuyUcoin’s leading digital wallet provider.
Step 2 — Register & Open an Account
When you enter the BuyUcoin/Signup account, register and open a service account. Choose your person or company form of account. Choose your country and adhere to the terms and conditions of your crypto-trading account.
For the Indian jurisdiction, KYC and AML are compulsory. Your data are secure and encrypted and stored only in Indian data centres. To complete your KYC, you are redirected to another URL. With your last selfie, please be ready. The pictures of your pan card will be required. The mobile number connected to your Adhar is important.
Step 4-Google 2 step Verification
To use 2FA, the Authenticator app must be enabled on your smartphone or tablet. If enabled, any time you log in to your BuyUcoin account, you will be asked to include a 6- digit one-time password with your email and password. This only functions when an email and password are entered.
Step 5-Add Bank details
Add your name credentials, the account name of the holder and the IFSC code information.
Trade Ravencoin in India
At the time of writing, the Ravencoin price in India is 9.71 INR, with a 24-hour trading volume of 6,390,907,838 INR. Our RVN to INR price is updated in real time by BuyUcoin. With a live market cap of 97,949,152,287 INR, CoinMarketCap now ranks #93. It has a total circulation supply of 21,000,000,000 RVN coins and a circulating supply of 10,091,555,000 RVN coins.
The Ravencoin project can also be used as a foundation and jumping off point for projects, second layer solutions, experiments, and business concepts that could benefit from either the Bitcoin-based code base with modifications or the native additional functionality introduced to the Ravencoin blockchain.
Can I Use Regular Money to Buy Raven Coin?
Yes, you can use regular money or any fiat currencies such as RVN- INR in India to buy Raven Coin where Raven Coin can be stored in your wallet with a single tap to buy or sell your desirable cryptocurrencies without any hidden transaction fees using one of India’s leading cryptocurrency exchange BuyUcoin.
Getting a Raven Coin Wallet BuyUcoin is a multi-currency crypto wallet where Raven Coin can be stored with high-end security features where cold storage wallets are used. Once we have sent the Raven Coin to your wallet, we will send you a confirmation email. The Raven Coin will appear in your wallet when you restart the BuyUcoin wallet.
Raven Coin Exchanges
If you want to buy Bitcoin for Raven, an exchange called BuyUcoin is one choice. You can even buy RVN using your credit card with an easy-to-understand interface. .When you register, BuyUcoin requires your ID and address. This conforms to the anti-money laundering (AML) legislation and knows the legislation of your customer (KYC).
ID checks are considered the best methods by many exchanges, although technically not a legal requirement in most countries. It helps avoid the use of exchanges for criminal activity. But there are legitimate reasons why your ID should not be revealed to a trader who is aware of the trade and privacy.
Ravencoin is a program coin mounted on the model of Bitcoin. Changing Bitcoin code to add these abilities is not feasible, but Ravencoin is a platform created from a code bend and publishing lately mined RVN. Ravencoin will be adding assets, prizes, different assets, messaging, and voting. The Raven protocol’s capacities will be rolled out in conditions which will be done as a planned hard fork upgrade. The codebase is intended to permit users and developers to maintain a safe, decentralized, and tamper-resistant network.