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How to buy Reef Finance (REEF) in the US

A beginner's guide to buying and selling REEF in the US.

Reef Finance
REEF- USD
DEFI
$0.01
-$0.0006 (-3.92%)

How to buy Reef Finance

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Reef Finance.

  1. Open an account on an exchange that supports REEF.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Reef Finance.
  3. Buy Reef Finance.
    Complete your Reef Finance purchase and then find the best wallet to store REEF.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Reef Finance?

Reef is an EVM-compatible blockchain that has been built atop the Polkadot ecosystem. From an operational design according to CoinBureau, the platform doubles up as a liquidity aggregator as well as a multi-chain smart yield engine, thereby enabling users to integrate the protocol with pretty much any DeFi platform in existence today – basically any ecosystem that has been developed using the Solidity programming language. REEF is the native crypto token of the platform. It fulfils a number of unique functions such as powering the system’s governance mechanism as well as providing users with incentives/rewards for their various staking, yield farming related efforts. Not only that, the currency can be used for the payment of transaction fees as well. Keep in mind that despite operating on Polkadot, REEF currently exists as an ERC-20 token on Ethereum.

Reef Finance (REEF) is the 203rd largest cryptocurrency in the world by market cap, valued at $181,813,635. The current price of Reef Finance is $0.0143292, which is -4.656% lower than yesterday. Prices have ranged between $0.01556141 and $0.01359273 over the past 24 hours. All prices are listed in US dollars and accurate as of July 27, 2021 08:07 UTC.

Where to buy Reef Finance

Find an exchange to buy, sell and trade REEF by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

219
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
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Reef Finance at a glance

Information last updated July 27, 2021 08:07 UTC.
Coin symbolREEF
Total REEF supply15,934,019,762
Circulating REEF12,666,667,338
Current priceUS$0.0143292
All time highUS$0.05746
Notable team membersDenko Mancheski
PartnershipsHarmony, TRON
IndustryDecentrallised finance
Token usesGas, governance
NetworkPolkadot, Ethereum, Binance Smart Chain

Reef Finance price performance over time

Historical prices compared with the price of US$0.0143292.

1 hour 0.96%
24 hours -4.66%
7 days 12.89%
14 days -2.63%
30 days 3.37%
60 days -58.98%
200 days 42.36%
1 yearN/A

How to sell Reef Finance

You can cash out your REEF with the same exchange you bought it through:

  1. Sign in to the exchange you have REEF on.
    If you store your Reef Finance in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of REEF you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Reef Finance.

What to consider when buying Reef Finance

If you’re thinking of buying any REEF, some of the factors you may want to consider first include:
  • Efficiency: Owing to the fact that the Reef network has been devised atop Polkadot, an ecosystem that makes use of sharding to streamline its internal processes, the platform is able to facilitate near-instant transactions while featuring extremely low transaction costs.
  • Advanced design: The Reef ecosystem offers seamless integration with some of the biggest, most trusted cryptocurrency exchanges in the market today, thus allowing users to gain access to an unparalleled amount of financial liquidity. Not only that, since all of these funds go via a number of different DEXs and CEXs, users have the option of picking and choosing so as to minimize their chances of slippage as well as lower their trading fee costs.
  • Yield farming simplified: By allowing users to stage their funds in a number of different asset baskets, Reef makes it easy for individuals to participate in the process of yield farming by not only making it simpler but also profitable. Furthermore, thanks to the intuitive design of the Reef AI module, users can manage their assets based on their particular needs and goals.
  • Solid industry partnerships: Reef is currently in partnership with a number of major crypto players. For example, the platform recently announced that it was going to provide its users with seamless integration with Binance Access, thereby allowing them to buy/sell, trade cryptocurrencies in a totally non-custodial manner.
  • Lowers entry barriers to DeFi: The project helps provide retail investors with easy access to the global DeFi ecosystem all while lowering a number of technical entry barriers. Not only that, the platform “augments the decision making process” as per the user’s risk appetite and financial condition.
Disclaimer: Cryptocurrencies, including Reef Finance, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of REEF is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Reef Finance or any other cryptocurrency discussed.

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