How to open a Ravencoin wallet?
In this tutorial, you will learn how to create, use, store, receive and send cryptocurrencies with Ravencoin wallet.
Table of contents
Download Ravencoin wallet
RVN Wallet is available to download on Ravencoin website. The wallet is available on computer platforms like Linux, macOS or Windows and smartphone platforms like iOS and Android.
Create a wallet
After downloading and installing the software. Launch it and Generate a recovery phrase and enter a recovery passphrase. This has to be kept in a safe place to prevent any securities issues. Once you made it, your Ravencoin wallet must be synchronized with the Raven network. After that, you can send, receive and use your wallet.
Use your Ravencoin wallet
RVN Wallet allows you to make and receive Ravencoin transactions. To send Ravencoins, click on Send. Then you need to write the receiving address and choose the amount you want to transfer. You must add a label to name the receiver. You will then be able to find the receiver in your address book. After that, you have to choose the amount of the transaction fee. There are two possible options. The Recommended option, which is the default, will give you a set and reasonable amount of transaction fees. The other option, Personalized, will allow you to choose the amount of fees yourself. If you choose this option, you should keep in mind that the less you put into the transaction fee, the slower the transaction will be.
To receive Ravencoin transactions, you have to click on Receive. First, you may need to fill the form. You have three inputs to fill, a label, the amount you want and a simple message. This form is optional, but it can be useful when you ask a transaction or if you’re going to remind yourself what address is for what. For your mining activity, we suggest you write Cruxpool in the label section. Thanks to that, you will know that this address is for your Cruxpool mining. After that, click on Ask a payment, and the software will generate a wallet address. You can copy this wallet address thanks to a click to copy button or with the Q.R code. You will see your address in the table on the Receive section or click on Folder, then Receiving address.