CoinRav is a peer-to-peer Cryptocurrency exchange. We are a marketplace where users can buy and sell Cryptocurrency to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can browse our website/app for trade advertisements and search for a payment method you prefer. You will find traders buying and selling Cryptocurrency online for more than 60 different payment methods.

All online trades are protected by escrow. When a trade is started the amount of Crypto for the trade is automatically reserved from the seller's CoinRav Wallet. This means that if the seller runs away with your money and does not release your Crypto CoinRav support can release the Crypto to you from escrow. If you're selling, never release the escrow before you know that you have received money from the buyer.

Next to each advertisement on the website the price of a Bitcoin for that advertisement is shown as currency per Bitcoin. For example, if we are buying Bitcoin with the currency US dollars the price would be shown as 10420 USD / BTC. This means that if I wanted to buy 1 Bitcoin it would cost me 10420 US dollars.

Can I buy less than 1 Bitcoin?

Absolutely! In each advertisement you see what's called limits. That shows you the least and the most amount of Bitcoins that you can buy from that advertisement.
One Bitcoin can be divided into much much smaller pieces, the smallest piece is called one satoshi and is the same as 0.00000001 BTC.

If you purchase Cryptocurrency using CoinRav, the Cryptocurrency will appear in your CoinRav Wallet. From there you can easily send the Cryptocurrency to other Wallet addresses. The vast majority Cryptocurrency services are compatible with each other, the same Cryptocurrency you buy from CoinRav will work in your favorite online stores that accept Cryptocurrency, and also in local shops that accept Cryptocurrency.

Please note that your CoinRav Wallet cannot be used in a few specific situations. For example, you cannot use it with sites like satoshidice that returns Bitcoins to the sending address.

In order to sell Cryptocurrency on CoinRav you'll first need to send some Bitcoins to your CoinRav Wallet. To do that you'll need a CoinRav account, access to Cryptocurrency in another Cryptocurrencywallet and you need to know your receiving address.

Please note that the minimum you can send to your CoinRav wallet is deposit fee. Deposits smaller than that are not processed and cannot be recovered as they are used to pay the fee.

If all goes well Bitcoin transactions sent with the correct fee take between 10-60 minutes when you are sending Bitcoins to your CoinRav Wallet. If your transaction is taking longer than this, please check that the fee is correct.

Transactions between CoinRav users are instantaneous.

Transactions you send from your CoinRav Wallet are sent with a high priority fee to ensure they confirm within approximately 30 minutes (within the next three blocks).

I've waited 60 minutes and my transaction is still pending, now what?
Your Cryptocurrency transaction was most likely sent with a fee that's too low or the Coin network might be experiencing congestion, in this case transactions will take much longer to go through.

Cryptocurrency transactions have to be confirmed by their network before they are usable from the wallet they are sent to. You can read more about confirmations on the Bitcoin wikipedia.

You can buy without having a mobile phone, but you will be limited to which advertisements you can reply to. By verifying your phone number with CoinRav increases the number of advertisements that you can contact.

Bitcoin is a decentralized digital currency, it is not backed by any single country or bank and is usable anywhere in the world by anyone with a computer or smartphone and access to the Internet. To read up more on what Bitcoin is you can take a look at these websites.