Key Highlights
- Ronin (RON) powers transactions and enhances network security through validator delegation.
- You can buy Ronin via centralized exchanges (CEX), decentralized exchanges (DEX), or on-ramp providers, offering multiple options for investors.
- Ronin, developed by Sky Mavis, is a blockchain designed for gaming, offering quick transactions and minimal fees. Its token, RON, plays a vital role in powering the network and supporting Ronin-based apps.
What Is Ronin Coin?
Ronin is a blockchain tailored for gaming, created by Sky Mavis, the developers of Axie Infinity. Known for its speed and low transaction costs, it’s perfect for gaming transactions. RON, the network’s native token, ensures network operations, enhances security, and facilitates transactions. It’s also expected to expand its utility across Ronin-based applications.
This guide walks you through the steps to buy Ronin tokens, whether through centralized exchanges, on-ramp services, or decentralized exchanges like Katana DEX.
How to Buy Ronin Coin (RON)
To acquire Ronin, follow these simple steps:
Step 1: Set Up a Compatible Wallet
Before purchasing RON, you’ll need a cryptocurrency wallet compatible with the Ronin blockchain. This wallet will store your RON tokens and facilitate transactions. Popular wallets for this purpose include the Ronin Wallet.
Step 2: Choose Where to Buy RON
You can buy RON through three main methods:
- Centralized Exchanges (CEX): Traditional platforms like OKX, Crypto.com, and Gate.io.
- On-ramp Providers: Services like Ramp and OnMeta allow fiat-to-crypto conversions directly to RON.
- Decentralized Exchanges (DEX): Platforms like Katana DEX enable peer-to-peer RON purchases.
How to Buy RON via Centralized Exchanges (CEX)
Centralized exchanges act as intermediaries for trading cryptocurrencies. These platforms are user-friendly, secure, and widely used for buying digital assets like RON.
Step 1: Select an Exchange
Choose an exchange where RON is listed, such as OKX, Gate.io, or Bitget. Compare fees, features, and security measures to decide on the best platform for your needs.
Step 2: Set Your Budget
Plan your investment wisely. Invest an amount you’re comfortable losing, considering market volatility.
Step 3: Create an Account and Deposit Funds
Sign up for an account on your chosen exchange. Deposit funds using a bank transfer, credit/debit card, or cryptocurrency.
Step 4: Place Your Order
Navigate to the trading page on the platform and find the RON trading pair. Choose between a market order (buy at current price) or a limit order (set your preferred price).
Step 5: Transfer to Your Wallet
Once purchased, move your RON tokens to your wallet for better security. Avoid keeping funds on exchanges long-term.
How to Buy RON Using On-Ramp Providers
On-ramp providers make it easy to buy RON using fiat currencies like USD or EUR.
Step 1: Enter the Amount
Specify the amount of RON or fiat currency you wish to exchange.
Step 2: Provide Your Wallet Address
Input the address of your Ronin wallet where the purchased RON will be sent.
Step 3: Choose a Payment Method
Select a payment method that suits you, such as debit/credit card, bank transfer, Apple Pay, or Google Pay.
Step 4: Confirm and Complete
Review your transaction details and confirm the purchase. Once completed, the RON tokens will be sent to your wallet.
How to Buy RON on Katana Decentralized Exchange (DEX)
Katana is the official DEX on the Ronin blockchain, enabling decentralized peer-to-peer trading without intermediaries.
Step 1: Connect Your Wallet
Ensure your Ronin wallet is connected to the Katana DEX platform.
Step 2: Choose Tokens for Swap
Select the tokens you wish to trade for RON (e.g., SLP or AXS).
Step 3: Specify the Amount
Enter the number of tokens you want to swap and review the current exchange rate.
Step 4: Confirm Swap
Click “Swap” and approve the transaction in your wallet. Verify details like fees, price impact, and slippage tolerance before finalizing.
Step 5: Complete the Transaction
Once confirmed, your RON tokens will appear in your wallet. You can track the transaction on the Ronin Chain Explorer.
Tips for Securing Your Investment
- Use Secure Wallets: Store your RON tokens in a reliable wallet, preferably a hardware wallet for enhanced security.
- Safeguard Your Seed Phrase: Keep your wallet’s seed phrase in a secure location to avoid losing access.
- Monitor Market Trends: Stay updated on RON’s market performance to make informed decisions.
Final Thoughts
Buying Ronin Coin (RON) is straightforward with the right tools and platforms. Whether you prefer centralized exchanges for ease of use, on-ramps for direct purchases, or decentralized exchanges for more control, RON is accessible to all types of investors. With Ronin’s focus on gaming and low transaction fees, it’s an exciting option for those exploring blockchain technology and Web3 gaming.
By following this guide, you’re equipped to start your journey with Ronin and make confident investment decisions.