Ravencoin, a peer-to-peer blockchain developed to uniquely facilitate the efficient creation and transfer of assets, has quickly become a popular choice for traders with its low transaction fees, quick block time, and high level of security.
The Ravencoin protocol is a fork of the Bitcoin blockchain and has specific features that allow for the creation of tokens. The protocol is designed to be user-friendly and secure, with a focus on providing an economic model for the transfer of assets.
Can I Convert Ravencoin to Ethereum? The answer is yes, and many platforms facilitate the safe exchange between RVN and other cryptocurrencies. In this article, we will explore how to exchange Ravencoin for Ethereum on SwapSpace safely.
How Can I Exchange Ravencoin for ETH on SwapSpace?
Many networks support the exchange between RVN and ETH, like ChangeNOW and LetsExchange. In our example, we will use SwapSpace to demonstrate how to exchange RVN for Ether in just a few easy steps on SwapSpace.
On SwapSpace homepage, swapspace.co, choose the currency you are willing to swap in the “You send” section. In our case, we choose RVN in “You Send” and ETH in “You get”, from the drop-down list respectively.
You can also start typing the name or ticker of the cryptocurrency to quickly locate the cryptos in the drop-down list.
Next, you can enter the number of RVN tokens you want to exchange. You will instantly view the equivalent amount of ETH coins you will receive in the “You get” field.
Be sure that you are not sending the amount less than the minimum one because there is a requirement for a minimum amount in every exchange transaction.
After that, press the “View offers” button. On the right column of the offers page, you’ll see the list of exchange services that provide the RVN to ETH swaps. SwapSpace offers both fixed and floating exchange rates that you can choose between.
You can look down through the list and choose the options you like the most, then click the “Exchange” button. We will go for the best rate option, ChangeNOW in our practice.
In the next step, you are prompted to enter the recipient’s ETH address where you would like to see your Ether. You are recommended to double-check the information carefully. Just make sure that everything is correct on the page.
Transactions are irreversible and you can’t get your money back. You can go ahead to click on the “Next” button if everything is acceptable and proceed to the next page.
Once you are redirected, you need to send the specified amount of RVN to the ETH address you will see on the screen.
At this stage, the exchange progress is showing the status of “Awaiting payment”. It means that SwapSpace is waiting for your deposit. After they have received your crypto deposit, the status changes to Payment received, and processing. It means that your cryptocurrency is being processed.
You can always check the exchange status via the Swap Tracker app. After the system has sent you the ETH, the transaction status shifts to “Completed”. You will receive your transaction hash and see your ETH tokens in the wallet, as soon as the exchange is completed.