How to buy Refereum (RFR) in the UK

Where to buy Refereum in the UK

It looks like RFR may not be available to purchase on an exchange in the UK.

You can still purchase RFR by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

How to purchase RFR using a decentralised exchange.

1. Find RFR on a decentralised exchange and make sure Refereum can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
2. Buy ETH to trade for RFR using an exchange like CoinJar. You will need to purchase enough ETH to swap for RFR as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
4. Trade ETH for RFR on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
5. Wait for the transaction to finalise and the RFR tokens will arrive in your wallet.
6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.

Best Refereum wallets to store your RFR

You can keep your RFR 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 RFR below.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Refereum a good investment?

Despite the gaming industry having huge opportunities for growth in the coming years, there are always risks attached to the projects, especially when combined with blockchain and cryptocurrencies. Here are a few key aspects you need to be mindful of before investing your funds in RFR:

• Huge gaming industry: According to a report by Mordor Intelligence, the size of the global gaming industry is over $174 billion and is forecasted to reach $314.4 billion by 2026, putting the Compound Annual Growth Rate (CAGR) at 9.64%. This could mean that gaming tokens like RFR could take off in a big way along with the growth of the industry, especially with the integration of blockchain technology.
• Metamask integration: The platform allows users to buy games using the native token directly through the browser. This is enabled through its integration with the widely used MetaMask Chrome plugin that makes the process quick, seamless and convenient. You can also sign your own blockchain transaction and execute the TransferToIcap() function on the platform’s smart contract to make the purchase.
• Token utility: The token has a threefold utility. In addition to the governance function that the token serves for the platform, it can also be used to buy games on the platform. Finally, game developers can use tokens as payment to get their games featured and sponsor further user engagement on the platform.
• Role of influencers: Since the main unique proposition that the platform brings is incentivising referrals, influencers play an important role in this ecosystem. They can use the platform to suggest relevant games for their fans and, in turn, earn rewards for the same, while the fans get access to cheaper games. This makes a win-win situation for all parties involved.

Today's Refereum price versus ATH

Compare today's price of Refereum ($0.00526298 USD) against its all-time-high price of $0.050964 USD on 03 April 2021. The closer the bar is to 100%, the closer RFR is to reaching its ATH again.

How to trade, convert or sell Refereum

You can convert or sell your RFR with the same exchange you bought it through:

1. Sign in to the exchange you have RFR on.
2. If you store your Refereum in a digital wallet, compare crypto exchanges to convert or sell it on.
3. Choose Sell or Convert and place a sell order.
4. Choose the amount of RFR you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Refereum.
6. Complete your transaction and move your RFR to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.