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How to get started with buying RChain (REV)

Read our complete guide to buying, selling and storing REV.

Launched in 2016, the RChain project aims to “build a better blockchain architecture”. Designed to overcome the scalability, speed and security issues facing other established networks, RChain is a platform for the creation and deployment of scalable dapps.

The platform’s native asset, REV was introduced to the world during an August/September 2017 token sale.

On February 2020 it launched its mainnet and the token was renamed to REV.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy REV

You can buy and sell RChain on the following crypto exchanges:

Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID


CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA


Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit\/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Hotbit Cryptocurrency Exchange
Hotbit Cryptocurrency Exchange
Cryptocurrency, Epay


A multi-currency exchange with 150+ pairings that can be accessed through desktop as well as a mobile app.

Compare up to 4 providers

A step-by-step guide to buying REV

If you want to buy REV tokens but don’t know how, read on for step-by-step instructions:

Step 1. Register for an account with an exchange that lists REV

Take a close look at the fees and features of those crypto exchanges that list REV in currency pairs. Once you’ve found a suitable platform, register for an account by providing your email address and choosing a secure password.

Some platforms will then allow you to start trading straight away, but others will ask you to provide your personal details and proof of ID. This information is required by some exchanges to conform to Know Your Customer and Anti-Money Laundering (KYC/AML) regulations.

Remember to also enable 2-factor authentication on your account before you deposit any funds.

Step 2. Deposit funds into your account

To buy REV in New Zealand you’ll have to use an exchange that offers crypto-to-crypto trading, such as Kucoin, and find a cryptocurrency that pairs with REV, such as Bitcoin (BTC) or Ether (ETH). You can find instructions on how to acquire either of these currencies in our how to buy BTC and how to buy ETH guides.

To deposit BTC or ETH into your exchange account, you’ll need to log in to your account and either copy the wallet address or scan the relevant QR code.

Step 3. Buy REV

Now it’s time to navigate to the exchange section, search for the pair you want to trade, and then specify how many REV you want to buy.

Remember to review the details of your transaction, including the total cost, before submitting your order.

How to sell REV

If you decide you want to sell your REV, the process you’ll need to follow is essentially the same as that described in step 3. However, this time you’ll need to enter your transaction details in the “Sell” tab rather than the “Buy” field.

Since REV is only available in a limited range of currency pairs, you’ll only be able to exchange it for BTC or ETH.

Which wallets can I use to hold REV?

While you can store your tokens on an exchange if you wish, this exposes you to security risks and is not recommended. Instead, it’s a good idea to transfer your tokens to a secure wallet that allows you to retain control of your private keys.

To store REV, you’ll need a wallet that’s compatible with it. The Rchain community has developed several wallets, but you may want to look for one that’s been endorsed by Rchain developers.

How RChain works

The RChain platform is being developed by the RChain Cooperative, which is based in Seattle, USA. This group of users, developers and project investors gives every member a vote in decisions affecting the network.

Greg Meredith is the president of the co-op and the driving force behind RChain. Founded in 2016, RChain aims to create a platform for scalable blockchain applications. The 2017 REV (then RHOC) token sale raised US$15 million in less than two weeks.

At the core of the platform is the Rho Virtual Machine (RhoVM) Execution Environment which runs multiple RhoVMs. Each RhoVM can execute a smart contract. These execute concurrently, with the architecture of the entire RChain network sharded (partitioned) by default. The result is a network of coordinated and parallel blockchains.

The team’s goal was to launch its mainnet in early 2019 with the capacity to handle 40,000+ transaction per second, but a series of delays, allegations of financial mismanagement and other issues saw the mainnet launch delayed until February 2020.

What to consider if buying RChain

Buying any cryptocurrency is a speculative purchase. Not only are digital currencies notoriously volatile, they’re also complex assets that can be influenced by a wide range of factors. With this in mind, it’s important that you understand those factors and the risks involved before you buy.

If you’re thinking of buying any REV, consider the following:

  • Supply. The maximum supply of REV is capped at 1 billion tokens. According to CoinMarketCap, at the time of writing (June 2018), the circulating supply was 360,508,772 REV, out of a current total supply of 870,663,574.
  • Availability. REV can only be bought and sold on a handful of exchanges. This lack of accessibility could limit demand for the currency, but at the same time, obtaining listings on additional exchanges could have a positive impact on price.
  • White paper. Want to know more about how RChain works? Check out the project’s white paper. For the really technically minded, the RChain platform architecture guide is also well worth a look.
  • Competitors. RChain is far from the only smart contract platform competing for market share. Not only will it need to do battle with current market leader Ethereum, but it will also need to contend with a host of other new and upcoming projects like EOS, NEO and Cardano. As a result, it will face an uphill battle to achieve widespread adoption.

By doing your own research into the many factors that could influence the future price of REV, you’ll be able to make an informed decision about the pros and cons of buying into RChain.

Picture: Shutterstock

At the time of writing, the author holds IOTA and XLM.

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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