Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Ravencoin. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

Ravencoin

Australia has a good number of popular and regulated crypto exchanges, so it’s quite easy finding an exchange that has Ravencoin. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy Ravencoin in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy Ravencoin

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Ravencoin in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying Ravencoin, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Ravencoin.

It’s also possible to take a look at our analysis of the cheapest crypto exchanges in Australia if you’re curious to know more about which ones we would recommend.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy Ravencoin, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy Ravencoin

The final step is to go to their asset list, find Ravencoin, navigate to the buy section, and then trade your AUD for some RVN. Once you’ve bought Ravencoin, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy Ravencoin (RVN)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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How to Sell Ravencoin

If you’re thinking about selling Ravencoin, just follow the steps below.

  1. Sign in to the cryptocurrency trading platform (like Swyftx).
  2. Click on Ravencoin in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell Ravencoin for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Ravencoin in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy Ravencoin with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Ravencoin. Have a look on their site first, you might be lucky.

How to buy Ravencoin with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Ravencoin with your credit/debit card.

About Ravencoin

Ravencoin is a peer to peer digital network (P2P) that aims at implementing a specific use-case blockchain. It's designed to manage one function efficiently: the transfer of assets from one person or another. Ravencoin was launched as a fork of the Bitcoin code on October 31, 2017. Binaries for mining were made available on January 3, 2018. This is known as fair launch. There were no masternodes, premines, ICOs, or masternodes. Its name refers to Game of Thrones.

Ravencoin, a fork of the Bitcoin code, features four key modifications. It features a modified issuance plan with block reward at 5,000 RVN, block times decreased to one minute, and a cap on coin supply of 21 billion, which is a thousand times more than BTC. A mining algorithm (KAWPOW), previously X16RV2 or X16RV2, to reduce centralization of mining due to ASIC hardware.

Ravencoin, a blockchain-based platform, aims to address the issue of asset trading and transfer. Someone could accidentally destroy an asset that was created using the Bitcoin blockchain in the past by trading the coins it was made with.

RVN coins are internal currency within the network. To obtain token assets on Ravenchain, they must be burned. Assets can represent anything. Assets can be anything. They could be real-world custodial objects like gold or the physical euro, virtual items or objects, shares and securities in a project, airline miles, stock and securities, or even an hour of someoneaEUR (tm)'s wage.

Ravencoin Protocol will support voting and integrated messaging systems in future versions.

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