Introduction
RACA(RealAssetCryptocurrencyAlliance)isanewcryptocurrencythatfocusesonusingrealassetstogiveitastablevalue.Itdiffersfromothercryptocurrenciesthathaveavolatilevalue.Inthefollowingarticle,wewillguideyouonhowtobuyandtradeRACAcoins.
Step1:CreateaWallet
ThefirststepinbuyingRACAcoinsiscreatingawallet.Youcanchoosetouseasoftwarewalletorahardwarewallet.Softwarewalletsarefreetousewhilehardwarewalletsrequireyoutopurchasethem.SomepopularsoftwarewalletsincludeMyEtherWallet,MetaMask,andExodus.Youcandownloadthesewalletsfromtheirrespectivewebsitesandfollowtheinstructionstosetthemup.
Step2:FindanExchange
Onceyouhavecreatedawallet,thenextstepistofindanexchangethatsupportsRACAcoins.SomepopularexchangesforRACAcoinsincludeBitForex,Pionex,andCoinTiger.Theseexchangeswillrequireyoutocreateanaccountandverifyyouridentitybeforeyoucanstarttrading.Alwaysbesuretocheckthefeeschargedbytheexchangeandthepaymentmethodssupported.
Step3:BuyBitcoinorEthereum
RACAcoinsarenotavailablefordirectpurchaseusingfiatcurrency.YouwillneedtobuyBitcoinorEthereumfirstbeforeexchangingthemforRACAcoins.SomeexchangesallowyoutobuyBitcoinorEthereumusingacreditcard,whileotherswillrequireyoutodepositfundsusingwiretransferorotherpaymentmethods.OnceyouhaveboughtBitcoinorEthereum,youcanthentransferthemtotheexchangethatsupportsRACAcoins.
Step4:TradeforRACACoins
ThefinalstepistotradeyourBitcoinorEthereumforRACAcoins.Ontheexchangeplatform,searchforRACAcoinsandselectthetradingpairthatmatchesthecryptocurrencyyouareusing.Forexample,ifyouhaveEthereum,selecttheETH/RACAtradingpair.Specifytheamountofcryptocurrencyyouwanttoexchangeandplaceyourorder.TheexchangewillmatchyourorderwithanotheruserwillingtoselltheirRACAcoins.Oncethetransactioniscomplete,yourRACAcoinswillbecreditedtoyourwallet.
Conclusion
BuyingandtradinginRACAcoinsiseasyifyoufollowthesesimplesteps.Withitsfocusonrealassetbacking,RACAisanexcitingnewentrantintheworldofcryptocurrencies.Remembertosecureyourwalletandexercisecautionwhentradingonexchanges.