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.