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How to buy Router Protocol (ROUTE)
Learn how to buy Router Protocol (ROUTE) in our step-by-step guide.
Router Protocol (ROUTE) is in the top 1,000 cryptocurrencies by market cap, valued at $28,791,369.
Router Protocol is a highly volatile asset capable of major price swings in a single day. Today ROUTE is trading for $2.67, which is slightly up from yesterday's trading price of $2.68. Router Protocol's seen a decrease of -20% over the past year.
So before you buy Router Protocol, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Router Protocol.
How to buy Router Protocol in 4 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 exchangesThe easiest way to buy Router Protocol 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 accountTo 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 depositOnce verified, you can deposit using the payment method that best suits you – credit card, cryptocurrency, debit card and bank transfer payments are widely accepted.
Buy Router ProtocolYou can now exchange your funds for Router Protocol. 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 Router Protocol to your personal wallet.
Where to buy Router Protocol
Find an exchange to buy, sell and trade ROUTE by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
How we keep this Router Protocol guide up-to-date
- ROUTE price data is regularly updated through data feeds so you always have the latest information.
- Router Protocol performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
- Key information on coins and how to buy them is regularly reviewed by our editorial team of James Edwards, Frank Corva and Billy Endres.
- Our coin coverage and exchange information is regularly reviewed by our publishing experts Louise Vinciguerra and Molly Wiltshire-Bridle.
How do I find the best places to buy Router Protocol?
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 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 Router Protocol?
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 Router Protocol.
- 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 ROUTE 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.
What are the best ways to buy Router Protocol?
Once you've created an account, you will need to deposit funds to buy ROUTE with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to to buy ROUTE:
- 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 ROUTE by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for ROUTE on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Router Protocol?
The easiest way to buy ROUTE 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.
Best Router Protocol wallets to store your ROUTE
You can keep your ROUTE 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 take a look at some of our top hardware wallet picks for self-custody of your ROUTE below.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Is Router Protocol a good investment?
Cryptocurrencies are highly speculative assets that come with a range of risks. Those that are considering ROUTE as an investment should consider the following factors:
- Big name backers: At the end of 2021, the Router Protocol completed a new funding round that raised over $4 million dollars. Coinbase Ventures, Bison Ventures, DeFi Capital, Polygon, and a number of other important venture capital funds all participated. The investment from dominant cryptocurrency companies helps to add credibility to the Router Protocol’s project and long term goal.
- Clear problem identified: One of the main concerns that cryptocurrency users have is the lack of interoperability between different protocols. For a consistent blockchain-based internet, bridges that help networks communicate need to exist. The team at Router Protocol has identified this as a clear problem and is building a solution for it. Through its proprietary algorithm, it is creating a seamless and easy to use solution for networks that are looking for ways to interact with each other. Those interested in ROUTE should pay close attention to the number of blockchains integrating with the protocol.
- Proprietary code: An unstated ethos within the cryptocurrency industry is that most project utilise open-source software. This way code can be checked and verified by all users. Teams that build closed source or proprietary code are sometimes viewed negatively within the industry. While proprietary code may deter some users, the Router Protocol may be holding back on sharing the code due to its intention to dominate.
- Capped supply of tokens: The protocol has a maximum supply of 20 million tokens. Of this 20 million, 10% were allocated to partners and advisors, 20% were allocated to the Router Protocol Foundation, 25% were allocated to the ecosystem fund, 17% were locked into a reward pool, 9% were distributed to seed and private sale rounds, and 1.75% were allocated to liquidity provision.
Today's Router Protocol price versus ATH
Compare today's price of Router Protocol ($2.67 USD) against its all-time high (ATH) price of $19.08 on May 16, 2021. The closer the bar is to 100%, the closer ROUTE is to reaching its ATH again.
How do I trade, convert or sell Router Protocol?You can convert or sell your ROUTE with the same exchange you bought it through:
- Sign in to the exchange you have ROUTE on.
- If you store your Router Protocol 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 ROUTE you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Router Protocol.
- Complete your transaction and move your ROUTE to a wallet for storage.
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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.
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