How to Buy Ronin Crypto Coin? A Step-by-Step Guide

How to Buy Ronin Crypto Coin

Below is a general process you can follow to buy Ronin

Step 1: Set Up Your Wallet

• First, you need a cryptocurrency wallet compatible with the Ronin blockchain to store, trade, and receive $RON tokens.
  

Step 2: Decide Where to Buy RON

• There are different options for purchasing RON tokens, including Centralized Exchanges (CEX), On-ramp providers, and Decentralized Exchanges (DEX).
  

Step 3: Purchasing Through Centralized Exchanges (CEX)

• RON is listed on various exchanges like OKX, Crypto.com, Gate.io, Bitget, MEXC, and Coins.ph. Users with accounts on these platforms can buy RON.
  

Step 4: Using On-ramp Providers

• Ronin has official On-ramp partners such as Ramp and OnMeta, facilitating easy purchases. You can buy RON via PC or the Ronin Mobile Wallet.
  

Step 5: Purchasing Through Katana Decentralized Exchange (DEX)

• Katana is the official DEX on Ronin. Users can buy RON and other tokens by acquiring funds on Ronin and then using Katana for transactions.
  

How to Buy Ronin Through Centralized Exchanges (CEX)

In a “centralized cryptocurrency exchange,” the concept of centralization involves relying on an intermediary or third party to facilitate transactions. Both buyers and sellers trust this intermediary to manage their assets, similar to how customers trust a bank to safeguard their funds. Coinbase, Binance, and OKX are among the most popular centralized cryptocurrency exchanges. 

Follow the steps below to get started buying Ronin on centralized exchanges.

Step 1: Choose Your Exchange

• Consider platforms like CoinEx, OKX, gate.io, and MEXC.
• Compare fees, security features, and supported currencies.

Step 2: Set Your Budget

• Plan your investment strategy.
• Invest only what you can afford to lose.
• Calculate potential returns based on different investment amounts.

Step 3: Do Your Research

• Understand Ronin’s price trends and market performance.
• Consider both fundamental and technical analysis.

Step 4: Place Your Order

• Create an account on your chosen exchange.
• Deposit funds using crypto, bank transfer, or credit/debit card.
• Navigate to the trading page and select the Ronin trading pair.
• Decide between market and limit orders, considering their pros and cons.

Step 5: Secure Your Investment

• Transfer your Ronin to a secure cryptocurrency wallet.
• Consider hardware wallets for enhanced security.
• Safeguard your seed phrase to ensure access to your funds.

Step 6:  Monitor Your Investment

• Use available tools to track your Ronin investment performance.
• Set up alerts for price changes and market updates.
• Utilize the portfolio feature to manage your crypto holdings effectively.

How to to Buy Ronin Through On-Ramps

Crypto on-ramps offer a gateway into the world of blockchain by enabling the purchase of cryptocurrency using traditional fiat currency such as dollars, pounds, or euros. These platforms facilitate the seamless conversion of fiat currency into cryptocurrency. Ronin is currently supported by official On-ramp partners such as Ramp and OnMeta.
Follow the steps below to buy RON hassle-free with Ramp specifically, and bypass traditional exchanges.

Step 1: Input Amount

• Specify the desired crypto or fiat sum for purchase.

Step 2: Verify Details

• Confirm your email and basic information for security.

Step 3: Provide Wallet Address

• Enter the address of your cryptocurrency wallet for receiving purchased assets.

Step 4: Payment Method

Select from various global payment options including debit/credit cards, bank transfers, Apple Pay, Google Pay, and more for seamless transactions.

How to Buy Ronin on Katana Decentralized Exchange (DEX)

A decentralized exchange (DEX), is a peer-to-peer marketplace where cryptocurrency transactions take place directly between traders. Unlike traditional exchanges, DEXs operate without the need for intermediaries such as banks or brokers.

In this case, you can follow the steps below to buy Ronin using  Katana Decentralized Exchange (DEX).

Step 1: Choose Tokens

• Select the tokens you want to swap from and to on the Katana swap page.

Step 2: Specify Amount

• Enter the amount you wish to swap for and review the current exchange rate.

Step 3: Confirm Swap

• Click the “Swap” button and confirm the swap in the pop-up window.

Step 4: Verify Details

• Check the tokens to be swapped, liquidity provider fee, route, price impact, minimum received, and slippage tolerance.

Step 5: Confirm Transaction

• Click “Confirm Swap” and verify the transaction details in the Ronin wallet window.

Step 6: Complete Transaction

• After confirming, wait for the transaction to be completed, and view the details on the Ronin Chain Explorer.

With this guide, you’ll have the knowledge and tools to confidently navigate the world of Ronin investing and start building your digital asset portfolio.