This article explains, how to buy RSR token or Reserve Rights token step by step way. Currently, the RSR or Reserve Rights token is listed on a few reputable exchanges such as Huobi, Gate, KyberSwap, and Uniswap exchange.
Also, from these exchanges, Huobi provides top trading volume therefore, here will discuss buying RSR on exchange step by step.
Other than buying the RSR token, you will learn basics of Reserve protocol, Reserve protocol use cases, token use cases of both Reserve stable coin(RSV), and Reserve Rights token(RSR), Reserve partners, Reserve Rights or RSR token news & updates, and investors, etc.
First, lets find how to buy RSR token with credit or debit card.
How to buy RSR token with credit or debit card?
In case, first, you need to buy Bitcoin or USDT then, you can buy RSR for Bitcoin, Ethereum, USDT.
Huobi enables credit or debit card purchases for Bitcoin, Ethereum, XRP, Litecoin through third party payment provider Simplex but fFee is too high. Therefore, buying a Bitcoin on Huobi is not recommended.
I recommend first, buy Bitcoin from cheap and reputable Bitcoin broker or exchange then, send Bitcoin to the Houbi or Bilaxy exchange. Then, you can exchange Bitcoin to RSR token easily and quickly.
Where to buy Bitcoin with credit or debit card?
There are so many ways to buy Bitcoin with a credit or debit card but here are 6 best ways to buy Bitcoin with credit/debit cards or methods you prefer. You can get any amount of Bitcoin from these exchanges with verified account.
Cex.io is UK registered, legally compliance Bitcoin broker and exchange which supports fiat payments through credit/debit cards, swift transfer, ACH transfer
If you want to know step by step, please refer “Beginners guide to buy Bitcoin with credit/debit card through Cex.io“
Cex.io charges 2.99% fee of the total transaction amount.
Coinbase is US based San-Francisco headquartered, regulated popular cryptocurrency broker and exchange which supports fiat payment through credit/debit card, bank account, bank transfer, etc.
Coinbase charges 3.99% fee of the total transaction amount.
Coimama is one of the oldest Bitcoin broker operating worldwide including 193 countries since 2013 which supports fiat payment through credit/debit cards, bank transfers such as SWIFT and SEPA.
Coinmama charges a 5% fee of the total transaction.
Bitpanda is Austria based cryptocurrency exchange and Bitcoin broker operation since 2014 which supports fiat payment through credit/debit card, bank transfers, Skrill, Neteller.
Bitpanda charge a 1.5% fee for card deposits and 1.49% for crypto purchases.
Bitit is a cryptocurrency broker and exchange which supports fiat payment through credit/debit card, SEPA transfer, and cash vouchers.
Bitit charges 3.9% fee of the total transaction amount
LocalBitcoins is a peer to peer bitcoin exchange where people can buy and sell bitcoin for Paypal and various alternative methods such as Skrill, Payza, Wire transfers, Using Cash, etc.
Fees depend on the methods you are using.
Let’s learn, how to buy RSR token straight forward,
How to buy RSR token on Huobi with Bitcoin?
Here is the summary of major steps of, how to buy RSR token on Huobi exchange.
- Create a new account on Huobi
- Deposit the Bitcoin on Huobi exchange
- Buy RSR token on Huobi with Bitcoin
- Withdraw RSR token from Huobi exchange to personal ERC20 wallet
Step 1. Create new account on Huobi
First, go to the Huobi exchange and click on the “Sign Up” button in the top right corner. Then, fill the information correctly then go through the registration process. Huobi may ask you to verify the identity to increase the trading limits.
Step 2. Deposit the Bitcoin on Huobi exchange
First, hover over the “Balance section” and click on the “exchange account” top right corner of the main menu.
Next screen, find the Bitcoin and click the deposit button in the right corner. Now you can use this address to send Bitcoin into the Huobi exchange.
Then go back to the exchange or wallet which stores your Bitcoin, then send Bitcoin to the Huobi exchange using the Bitcoin address generated in the previous step.
Here I will show how to send Bitcoin from Cex.io to Huobi. First, you need to direct into the “Finance” section in the main menu. Next, you will see the crypto balance under that find Bitcoin, click the “Withdraw” button then you will direct to the BTC withdrawal page.
Next copy the deposit address from the Huobi exchange and paste it on “Enter the recipient’s address” in Cex.io then, type the amount to send and agree to terms of service. Then click the “Withdraw” button.
Step 3. Buy RSR token on Huobi with Bitcoin
Next click on the “Markets” button on the main menu. Then select the Bitcoin tab and type “RSR” on the search box on the right side. You will see RSR token and click on it, then you should click on the “Exchange” button on the right side of the page.
Then you will direct to the RSR/BTC exchange market where you can see RSR price, chart, order book, RSR previous trades.
There are three ways to buy RSR token in the exchange which are limits, market, stop limit market.
Limit orders will execute when both users’ set price and the market price is similar. Market orders executes time of purchasing; you can’t set custom price.
I recommend using limits order to buy RSR because you can buy the price you want.
Next click “limit” tab under buy RSR token.
Set RSR prices little below the market price, then the select amount of RSR token you want to buy respected with your Bitcoin balance. Then hit the “buy RSR” button. Then the order will execute when meeting your RSR price.
If your order not executed, your buy order will be in the “Open orders” tab.
If you want to buy RSR immediately, select the “Market” tab instead of the Limit tab.
How to buy RSR token on Uniswap with USDT?
Here is the summary of major steps of, how to buy RSR token on Uniswap dex.
- Connect Metamask wallet with Uniswap
- Deposit USDT on Metamask wallet
- Buy RSR on Uniswap
Step 1. Connect Metamask wallet with Uniswap
First, go to the Uniswap exchange interface then, then click on the “Connect to a wallet” button located on the top right side of the main menu bar.
Then, the list supported wallet list will display. Then, select the one according to your requirement. In the case here selects the “Metamask” wallet.
Then, Metamsk will ask to authorized connection with Uniswap exchange. After connecting the wallet, Eth balance, and your wallet address will display the top right corner of the Uniswap interface.
Step 2. Deposit USDT on Metamask wallet
In order to buy RSR coin on the Uniswap exchange, you have to deposit some USDT on the Metamask wallet. You can be copied the ETH public address from the Metamask wallet and that can be used to send, USDT into the Metamask wallet from anywhere such as from Cex.io, Binance, or existing Ethereum wallet.
After funding the Metamask wallet, you can swap USDT to RSR in seconds. So, let’s find out, how to buy RSR token on the Uniswap exchange.
Step 3. Buy RSR token on Uniswap
First, select the “Swap” button from the two tabs available. In the “From” field, click on the “ETH” ticker.
Then, “Select a token” pop up screen will display. In the “Search” field, type “USDT” then, USDT token & its wallet balance will display. Next, click on the “USDT” ticker. Then, type the USDT amount, you are willing to spend.
Next, head over to the “To” field and click on the “Select a token” button. Then, a pop-up screen will come with a list of token tickers and logos.
Then, type “RSR” in the search field in case, nothing will display because, In default, RSR is not added into the Uniswap token list above mentioned, therefore, you have to add the RSR contract address manually into the Uniswap interface.
For adding the RSR contract address, go to the RSR Contract address on Ethersacen. Then, copy the contract address and paste in the “Search” field mentioned above in Uniswap.
Next, it will display the “RSR” ticker under the “Token Name”. then, click on the “Add” link next to the token ticker. Then, click on the RSR ticker.
As you can see the estimated RSR amount, Price Impact, Liquiditer Provider Fee.
After satisfying the RSR rate and amount, first, click on the “Approve USDT” button, and then verify and authorize in the Metamask.
After confirming, the transaction on the Ethereum blockchain, click on the “Swap” button and verify and authorize the transaction the Metamask window. After confirming the transaction on the Ethereum blockchain, your RSR balance will display under the token balances in the Uniswap or Etherscan.
Where do I store the RSR token? – Best RSR wallet
RSR token is an ERC 20 token where you can use ERC 20 supported wallet. In case, you can use one of the following ERC20 wallets to store your RSR tokens in a secure way.
What is Reserve Protocol?
Reserve protocol is a decentralized stable coin system that maintains the Reserve(RSV) token value stability and manages the collateral assets. The protocol is designed to keep collateral assets worth at least 100% or more all Reserve(RSV) token value where collateral assets will be tokenized assets, bonds, commodities, and currencies.
Reserve protocol can be implemented in any smart contract platform such as Ethereum, EOS, or its own chain but initially, it will be on Ethereum blockchain until the protocol main net launched, then it will on its own chain. If you want to know more about the Reserve project go to the Reserve.org
What is Reserve(RSV) token?
RSV is a stable cryptocurrency initially pegged to the USD but network grows USD pegged will be released. Also, RSV is a decentralized stable coin which is 100% asset-backed, and RSV is an ERC20 token.
How to buy RSV token or Reserve token?
Currently, there is only one way to buy RSV token from the exchange. If you want to buy RSV token, go to the Uniswap, Gate.io, Bidesk exchange.
Then, create a new account on the Bidesk exchange. Next, deposit the Bitcoin or USDT, or RSR token into the Bidesk account. Then, you can buy RSV token using the USDT/RSV market pair or RSR/RSV market pair.
Note: I firmly recommend you to withdraw the token from the exchange into your personal ERC 20 Ethereum wallet.
What is Reserve Rights (RSR) Token?
Reserve Rights token (RSR) fluctuates the price where it used to facilitate the stability of the Reserve(RSV) token that also, ERC 20 standard token on Ethereum blockchain.
Why should I buy RSR or Reserve Rights token?– 4 simple tips
Reserve project consists of huge potential to be a global success, Here are the most important things to know to confident the RSR token investing.
01.Decentralized stable cryptocurrency
There are so many cryptocurrencies that exist but these are very volatile and price changes over time. In this case, people fear to use cryptocurrency, and less opportunity to use daily basis.
The solution is decentralized stable cryptocurrency such as Reserve(RSV) token, Dai, etc.
Reserve(RSV) token will be major stable cryptocurrency because of It too scalable than the Dai stable coin. In this case, these tokens can be used to send money to friends, for cross-border payments, merchant payment systems.
In 2020, Reserve protocol will release the main net of the ecosystem.
02. It will support the hyperinflationary countries
Reserve token (RSV) is a good alternative to keep the real value of the money where the countries are affected by hyperinflationary situations example Venezuela, Argentina, Sudan, etc.
Currently, the Reserve team developing the mobile payment app for the Venezuela market, which is the most hyperinflationary country in the world.
Currently, Reserve App is live in Argentina, Venezuela, Colombia. The Reserve App can be used to buying, holding, and spending digital US dollars. Also, the Reserve team will expand its app for other countries in the future.
03.The project invested by top Silicon Valley investors
The Reserve project funded by the top Silicon Valley investor such as Coinbase Ventures, Peter Thiel (co-founder of PayPal), Sam Altman, and many more.
Here are the top Reserve project investment companies and individuals,
- Sam Altman
- Coinbase Ventures
- Peter Thiel
- Crypto Lotus
- Refactor Capital
- Semyon Dukach
- Jack Selby
- Matt Brimer
- James Glasscock
- Eric M. Jackson
- Lucy Wang
- Jeff Morris Jr.
- Distributed Global
- George Samman
- Max Risman
- Chris Blair
- Maja Vujinovic
- Spencer Greenberg
- Raphael Ouzan
- Neo Global Capital
- Rocket Fuel
- Velorum Capital
- Demetri Kofinas
- Arrington XRP Captial
- Digital Currency Group
- Craig Clemens
- Josh Hannah
- Sumeet Singh
- Gordy Bal
- Gordy Bal
- David Sica
04. Experienced project team
The team consists of top people who are worked in top companies such as Google, Tesla, IBM, and Open AI. The project CEO/Co-founder is Nevin Freeman and CTO/Co-founder is Matt Elder.
Conclusion – How to buy RSR token?
This article’s primary focus is on providing a guide, how to buy RSR token or Reserve Rights on Houbi exchange. There are no ways to buy RSR token directly with the credit or debit card but you can buy RSR token with Bitcoin, and USDT via Huobi and Uniswap by following step by step guide above.
Other than how to buy RSV token guide, you will know a little bit of the Reserve project and Reserve protocol and some tips to buy RSR token.
Other helpful readings,