How to Buy RAKON (RKN)

A Step-by-Step-Guide on how to buy RAKON (RKN)

Step 1 – Join eToro

You will first need to purchase one of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and getting yETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. RAKON (RKN) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you have chosen the right coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find (RKN) RAKON

Once your deposit has been approved, you'll instantly have access to your assets and you can start purchasing and trading. To purchase RAKON (RKN) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To locate RAKON (RKN), you will need to put the cointype (RKN) into the search box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we've highlighted this too. Click on “RKN/BTC” to progress.

Binance How To Buy 1 RAKON (RKN)
Step 4 – Buy (RKN) RAKON

As soon as you have located RAKON (RKN), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the recent price RAKON (RKN) was traded for. You can change this to your preferred price. The “Amount” field is the volumen of RKN you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of RKN.

If you are satisfied, make a mouse click on “Buy RKN”. Your order will be filled when a Vender trades their RKN for the price you submitted.

Step 5 – Withdraw (RKN) RAKON

Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Trader for an extended period of time. In order to take off your RAKON (RKN), hover over the “Funds” tab and click on “Withdraw”. (RKN) RAKON can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (RKN) RAKON by using the given drop-down box. Put into the amount of RAKON (RKN) you'd wish to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you're satisfied, click “Submit”. You could be requested for phone/email verification before a withdrawal.

Congrats! You have successfully purchased and stored (RKN) RAKON.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the RAKON (RKN) is safe within your wallet, you are done.