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How to buy Ribbon Finance (RBN) in the UK

Learn how to buy Ribbon Finance (RBN) in our step-by-step guide.

Ribbon Finance (RBN) is the 232nd largest cryptocurrency by market cap, valued at US$117,361,527.

Ribbon Finance is a highly volatile asset capable of major price swings in a single day. Today RBN is trading for $0.163622 USD, which is lower than yesterday's trading price of $0.1640867758 USD. Over the past year, Ribbon Finance's price has seen a decrease of -43%.

So before you buy Ribbon Finance, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy Ribbon Finance.

How to buy Ribbon Finance 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.

  1. Compare crypto exchanges
    The easiest way to buy Ribbon Finance 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.
  2. 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.
  3. Make a deposit
    Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Ribbon Finance
    You can now exchange your funds for Ribbon Finance. 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 Ribbon Finance to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy Ribbon Finance in the UK

Find an exchange to buy, sell and trade RBN by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
1 - 1 of 1
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Gemini Cryptocurrency Exchange
OFFER
Gemini Cryptocurrency Exchange
Debit card, Apple Pay, Google Pay, SWIFT
GBP, EUR

106
cryptocurrencies

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this Ribbon Finance guide up-to-date

  • RBN price data is regularly updated through data feeds so you always have the latest information.
  • Ribbon Finance performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy Ribbon Finance?

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 UK 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 Ribbon Finance?

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 Ribbon Finance.

  • 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 RBN 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 is the easiest way to buy Ribbon Finance?

The easiest way to buy RBN 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 RBN, 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 all-time high tool to get an idea of how the price of Ribbon Finance has been performing recently.

Best Ribbon Finance wallets to store your RBN

You can keep your RBN 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 RBN below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

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

Is Ribbon Finance a good investment?

Altcoin investments can be extremely risky. That is why it is crucial to evaluate both the token and the associated platform. Here are a few factors to consider before investing in RBN:

  • RBN’s value is derived from the public’s view of the Ribbon platform. Therefore, if any hacks or attacks manage to penetrate the platform or drain its funds, it would most likely result in a plunge in the price of RBN. While its smart contracts are audited by top security firms, this doesn’t guarantee that exploits won’t occur in the future.
  • Tokenomics:The Ribbonomics (tokenomics) implemented by Ribbon Finance fuse “some of the best ideas from other DeFi projects” to ensure RBN’s long-term utility and sustainability. Developers recognised some of the shortcomings of previous DeFi platforms, especially the lack of value given back to governance token holders. While this doesn’t guarantee anything, at the very least, it gives an assurance that the team is working on novel ways for RBN to sustainably increase in value over time.
  • Competition: Ribbon Finance faces steep competition among yield-generating DeFi platforms, such as Yearn, Alpha Finance, and Curve. The fact that Ribbon launched on Ethereum, the most congested blockchain, makes its journey an uphill battle considering that other chains like Solana and Fantom already have native projects that offer similar products at significantly lower fees. Ribbon Finance does plan to compete in other blockchains in the future.
  • Scalability: The platform hasn’t announced any scalability plans, which forces us to assume that they are relying on Ethereum’s forthcoming “sharding” feature – which isn’t expected to come out until 2023. This will allow it to scale operations within the Ethereum network.
  • Multi-chain future: The platform intends to be chain-agnostic and has made its first step in this direction by deploying on the Avalance blockchain in December 2021. Thankfully, Avalanche has a higher transaction throughput, which gives users an option to participate in Ribbon without needing to deal with the high gas fees offered by Ethereum.

Today's Ribbon Finance price versus ATH

Compare today's price of Ribbon Finance ($0.163622 USD) against its all-time-high price of $5.54 USD on 07 October 2021. The closer the bar is to 100%, the closer RBN is to reaching its ATH again.

Ribbon Finance's price: $0.163622
ATH date: October 07, 2021
2.95%

Ribbon Finance ATH: $5.54


How to trade, convert or sell Ribbon Finance

You can convert or sell your RBN with the same exchange you bought it through:
  1. Sign in to the exchange you have RBN on.
  2. If you store your Ribbon Finance 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 RBN you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Ribbon Finance.
  6. Complete your transaction and move your RBN to a wallet for storage.
  1. Data by CoinGecko

* 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.

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