How to Buy
5 steps to buy on BYDFi
Open BYDFi account for free
Sign up for BYDFi with your email/mobile number and create a strong password to protect your account
Keep your account safe
Enable Google Authentication (2FA), set anti-phishing code, and trading password to add an extra layer of protection to your account.
Verify account
Enter your personal information and upload a photo of your valid ID cardVerify your personal identity
Add payment method
Once your BYDFi account is verified, add credit/debit card or bank account
Buy
There are various payment methods available to purchase RVN on BYDFi. We'll guide you through it
Choose how to purchase RVN on BYDFi
Buying coins on BYDFi is easy and convenient. Explore different ways to buy
- 1
Buy with credit/debit card
This is the easiest way for new users to buy (RVN). Connect your credit/debit card to your account, enter the amount, and wait for the transaction to complete
- 2
Buy through third-party channels
BYDFi supports a variety of leading third-party payment services. Visit ourThird-party payment pageCheck out the payment methods available in your area
- 3
Buy on BYDFi's Spot market
BYDFi's Spot market offers 700+ Coin pairs, making it the most popular buying platform. Buying methods are as follows:1. Buy stablecoins through BYDFi, third-party Coin buying channels. Additionally, you can transfer crypto assets from other wallets or exchanges to the BYDFi platform. Please make sure to choose the correct blockchain network, once you deposit your funds to the wrong address it cannot be reversed.2. Transfer your crypto to BYDFi account. Find the trading pair you want to trade on BYDFi's spot market. Place an order to exchange your currency to
Note: BYDFi offers a variety of order types to buy in the spot market, such as market orders to buy immediately and limit orders to buy at a specific price. For more information about BYDFi order types, click here3. After a successful trade, you can view the available in your account
How to store ?
The best way to store will vary depending on your needs and preferences. Check out the pros and cons to find the best way to store
Store RVN in your BYDFi account
Storing assets on BYDFi will give you quick access to trading products such as spot and contract trading, savings, lending, and more. BYDFi acts as the custodian of your crypto assets, saving you the hassle of keeping your private keys. Make sure to set strong passwords and upgrade your security settings to prevent malicious actions from accessing your assets
Deposit your RVN to the wallet
「No key, can't withdraw」If security is your biggest concern, you can withdraw to a decentralized wallet, so you can easily manage your key. You can use any type of wallet, including smart wallets, Web3 wallets or paper wallets. Note that this option may not be convenient if you want to frequently trade or use your assets. Be sure to store your private key in a secure location as loss of the key could result in the permanent loss of .
How you can use with BYDFi
Hold
Store in your BYDFi account.
Trade
Trade in spot and futures markets.
Why is BYDFi the best platform to buy ?
Safe and reliable
Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and insurance fund protect your account.
High liquidity
BYDFi has highly liquid buy and sell orders for all listed cryptocurrencies, providing a liquid trading experience with tight spreads
Gem cryptocurrency platform
Supporting over 500 cryptocurrencies, BYDFi is the best platform to find your next Gem. You can buy RVN on BYDFi and use it to exchange other crypto assets.
Friendly interface
Thanks to its simple interface and superior technology, buying on BYDFi is quick and convenient. Buy Coin on BYDFi to receive RVN
Trade
Answers
Is Ravencoin (RVN) a Good Investment?
The Ravencoin project is attractive, especially if you wish to invest in cryptocurrencies with real-world use. The Ravencoin blockchain helps create security tokens and tokenize any real-world asset, such as art, real estate, stocks, and more and put them on the blockchain.
The use of its technology could increase substantially in the future as the demand for tokenized assets increases. This could send the Ravencoin price soaring, making it a worthwhile investment to make now.
The RVN price statistics could boost amid higher adoption of its ecosystem by users to tokenize assets or transfer payments. Increased mining activity within the network could also support the price of Ravencoin.
Finally, market sentiment is one of the most significant factors that could drive an uptrend in the Ravencoin price. A positive mood among investors or a risk-on mood in global financial markets could encourage higher buying activity in the crypto market, supporting the RVN price and sending it upwards.
Can Ravencoin Reach $100?
Although it is impossible to make an accurate Ravencoin price prediction over any duration, it seems unlikely that it could touch the critical level of $100. One of the most significant factors that could prevent the RVN price from reaching $100 is its high circulating supply.
Out of the total supply of 21 billion, the circulating supply of RVN is over 11.75 billion as of October 2022. If each RVN coin is valued at $100, that makes the Ravencoin market capitalization cross $11 trillion - a highly unrealistic and unattainable figure.
Looking at the past performance of Ravencoin price, we can see that the all-time high was just above $0.285. Supporting fundamental factors like bullish market sentiment and rising adoption could take the RVN price back toward its highest price and possibly further.
However, for the Ravencoin price to reach $100, the projects developers must drastically reduce its supply from billions to millions, at the very least. Since this is improbable shortly, it may not be possible for the RVN to USD price to reach this crucial level.
What is RVN Coin Used For?
RVN is the native token used within the Ravencoin blockchain. It has the following applications:
Transaction Fees
$RVN is used to pay transaction fees by users who transfer payments using the Ravencoin blockchain. The blockchain charges minimal transaction fees compared to several of its peers, especially Bitcoin.
Native Currency
As the internal currency of the Ravencoin ecosystem, RVN coin is also burnt when issuing new tokens on the blockchain.
Mining
You can mine RVN and contribute to securing the Ravencoin network while generating rewards for your efforts. $RVN can be mined using GPUs or via mining pools. New RVN crypto gets mined when you validate transactions and create new blocks in the blockchain.
Crypto Asset to Trade and HODL
Ravencoin is an interesting cryptocurrency to trade or invest in long-term. Buy or sell RVN against other cryptocurrencies or hold it if you believe in the future potential of the Ravencoin project. Check the real-time Ravencoin price, RVN market cap, circulating supply, 24-hour trading volume, and the latest crypto news before you trade Ravencoin in the market.
Earn Passive Income
Some platforms allow you to generate passive income by putting your RVN holdings to work. RVN token holders can stake them or lend liquidity for RVN on supported platforms to generate attractive returns risk-free and grow your portfolio.
When Does Ravencoin Half?
The first halving event in the Ravencoin blockchain took place on 11 January 2022 at block 2,100,000. Following this event, block rewards for miners were reduced by 50%, falling from 5,000 RVN to 2,500 RVN.
The next halving event will occur after another 2,100,000 blocks are created, which would take approximately 1,458.3333 days from the first event. In terms of years, this would be another 3.99 years from the first halving event.
However, this calculation assumes that block time remains 1 minute, which cannot be guaranteed. Block time is subject to change based on differences in mining power, which could impact this timeline shared by Ravencoin developers.
How to Mine Ravencoin
Mining $RVN offers an attractive way to grow your crypto holdings while supporting the Ravencoin blockchain and contributing to securing it. Heres how you can mine RVN coins:
1. Download the official Ravencoin wallet from the website and configure an account on it. Fund your wallet by buying RVN on BYDFi or other supported platforms and withdrawing them to your Ravencoin wallet.
2. Visit the Pools section on the Ravencoin website to find the available mining pools and platforms. Select the pool or platform of your choice.
3. Download a GPU miner to start mining Ravencoin.
4. Configure your GPU miner by following the steps mentioned on the official Ravencoin Wiki page about mining.
5. Once your GPU is configured, you can start earning RVN coins for contributing computing resources.
