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How to buy Reserve Rights (RSR)
Learn how to buy Reserve Rights (RSR) on 5+ crypto exchanges in our step-by-step guide.
You can buy Reserve Rights (RSR) on a cryptocurrency exchange like KuCoin. These specialized marketplaces allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. The Reserve protocol is a decentralized blockchain-based platform that seeks to help establish a crypto ecosystem that is completely independent and can provide millions of unbanked individuals seamless access to a wide array of traditional finance tools. Here's how to buy Reserve Rights.
How to buy Reserve Rights in 4 easy steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Compare crypto exchanges
The easiest way to buy Reserve Rights is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a deposit
Once verified, you can deposit $ using the payment method that best suits you – cryptocurrency, PayPal, wire transfer and credit or debit card payments are widely accepted.
Buy Reserve Rights
You can now exchange your funds for Reserve Rights. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Reserve Rights to your personal wallet.
Where to buy Reserve Rights
Find an exchange to buy, sell and trade RSR by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
How do I find the best places to buy Reserve Rights?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the US to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Reserve Rights?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Reserve Rights.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing RSR with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
Where can I buy Reserve Rights with a credit or debit card?
Once you've created an account, you will need to deposit funds to buy RSR with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are popular deposit methods to buy RSR on the following exchanges:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase RSR by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for RSR on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Reserve Rights?
The easiest way to buy RSR is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying RSR, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of Reserve Rights has been performing recently.
Best Reserve Rights wallets to store your RSR
You can keep your RSR on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.
Recent Reserve Rights developments
Is Reserve Rights a good investment?Below are the aspects you should consider before investing in RSR:
- Solid investor backing: The Reserve Rights protocol is backed by a number of high-profile Silicon Valley giants as well as venture capital firms including Coinbase Ventures, BlockTower Capital, Rocketfuel, Fenbushi Capital, Digital Currency Group and Arrington Capital.
- Stability-centric business model: The Reserve Stablecoin (RSV) is backed by a number of stablecoins including USD Coin (USDC), TrueUSD (TUSD) and Paxos Standard (PAX), with more assets likely to be added to RSVs basket of backing assets in the near-to-mid term. Each RSV, in turn, is stabilized using the Reserve Rights (RSR) token that acts as a buffer and absorbs any price fluctuations that are being witnessed by the market.
- Designed for cross-border transactions: The Reserve Rights protocol is designed primarily to help in the seamless transfer of value across international borders in a cheap, sustainable manner. Furthermore, using its various native token offerings, it seeks to protect the savings of its users from the effects of hyperinflation, thus making it ideal for use within countries that are currently witnessing a continual debasement of their local fiat currencies, such as Venezuela, South Sudan and Argentina.
- Solid backing team: The Reserve Protocol team boasts of a team of 18 highly experienced individuals — including Nevin Freeman, Matt Elder and Miguel Morel — who have worked for tech giants such as Alphabet, Tesla, IBM, OpenAI and Hashgraph in the past.
Additional information about Reserve Rights can be found using our RSR analysis tools.
Today's Reserve Rights price versus ATH
Compare today's price of Reserve Rights ($0.00945103 USD) against its all-time-high price of $0.117424 USD on 16 April 2021. The closer the bar is to 100%, the closer RSR is to reaching its ATH again.
ATH date: April 16, 2021
Reserve Rights ATH: $0.117424
How to trade, convert or sell Reserve RightsYou can convert or sell your RSR with the same exchange you bought it through:
- Sign in to the exchange you have RSR on.
- If you store your Reserve Rights in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of RSR you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Reserve Rights.
- Complete your transaction and move your RSR to a wallet for storage.
Disclaimer: Cryptocurrencies, including Reserve Rights, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of RSR 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 Reserve Rights or any other cryptocurrency discussed.
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