How & where to buy EverRise (RISE) online
Get the lowdown on everything you need to know about EverRise in this beginner’s guide. Learn what it is and how it works, and compare the best places to buy RISE.
What are the best exchanges to buy RISE on?Copy link to section
Right now, it is not possible to buy EverRise on an exchange like Coinbase. Instead, you will have to perform a ‘swap’ by exchanging one cryptocurrency for another. Don’t worry, as this how most crypto investors buy smaller coins like RISE and it’s quite a straightforward process.
Think of a swap like a currency conversion, as it’s similar to exchanging GBP for USD. In the case of RISE, you can swap it for Binance Coin (BNB) on a decentralised exchange.
The process is much simpler than it sounds, so have no fear. You can use the guide below to learn how to swap BNB for RISE.
How to buy EverRise online – a step-by-step guideCopy link to section
Step 1. Find an exchange and buy BNBCopy link to section
EverRise can be swapped for BNB coin, so the first step is registering with an exchange that lets you buy the Binance coin. Our recommendation is to use Binance. It’s one of the most accessible platforms, and you can buy BNB using a fiat currency like GBP.
Before you use Binance you will need to create an account. Signing up is quick and you can follow the on-screen instructions. You will also need to provide identification like a passport, and you can fund your account with a bank transfer or card.
Step 2. Transfer BNB to crypto walletCopy link to section
The next step is transferring your BNB from the exchange to a wallet. There are many different wallets; the easiest option is to use MetaMask. A wallet is similar to a bank account, where you can store all of your coins.
You can use MetaMask straight from your web browser through a Google Chrome extension. To make the transfer, you’ll need to click the send to wallet button in Binance. You will need to send your BNB to your wallet address which will be unique to you. The image below shows where you can find your address in your MetaMask account.
Step 3. Connect your wallet to PancakeswapCopy link to section
You will need to connect your wallet to PancakeSwap before you can make the swap. Head over to the PancakeSwap website and select the ‘connect wallet’ option. Next select MetaMask – or whichever wallet you use – from the list of options available. Now you’ll be able to access the coins in your wallet to swap for other cryptocurrencies.
Step 4. Swap BNB for RISE coinsCopy link to section
Click the swap tab on the PancakeSwap homepage and select BNB from the first drop down list. Then choose RISE from the second drop down list and enter how much BNB you want to swap. The platform will then show you how many RISE coins you can get. Now all you have to do is click ‘connect wallet’ at the bottom and you’ll have your RISE tokens.
And now you’re done. While this feels unfamiliar the first time, you’ll quickly get used to it. This is the standard process any crypto investor has to use if they want to buy smaller or lesser known coins. All you have to do to get started is sign up to Binance.
How to trade EverRise – a step-by-step guideCopy link to section
To trade EverRise you can follow the same steps as above, where we explained how you can buy it. Using a cryptocurrency exchange like PancakeSwap is the only way you can buy it. You can’t use regular brokers as you would normally do for larger or more well-known coins.
Here is a short guide you can follow to start trading RISE.
Step 1. Find a brokerCopy link to section
You can’t use an online brokerage company like you can with many of the better known coins to trade RISE. The easiest way to start trading it is by using a decentralised exchange. PancakeSwap is the best option because its easy to use and has lots of other coins available. You can follow the steps in the previous guide to buy EverRise.
Step 2. Learn how to perform technical analysis.Copy link to section
Many traders use technical analysis when deciding when to buy and sell. Its a top way to understand where the price of RISE may move next. You can use simple strategies like support and resistance levels or learn how to read price charts.
Step 3. Start tradingCopy link to section
Once you’ve performed your price analysis you’ll be ready to make a trade. Just enter your trade details into the Pancakeswap platform (as you did earlier) and click the button to buy or sell. As lesser known crypto coins like RISE are volatile, its recommended that you use a stop loss to protect your trade if its price moves against you.
Still undecided?Copy link to section
To help you decide if EverRise is for you, here are the most important pros and cons of the coin in one simple table. Followed by a discussion over when to buy and what the prospects for the future are.
ProsCopy link to section
- You can earn significant rewards simply for holding coins
- Buybacks are good news for anyone who holds the asset already
- It has a practical roadmap to create apps that solve real problems in the crypto space
Now here are three final questions to help you decide whether to invest in EverRise.
1. Is it a good time to buy EverRise?Copy link to section
It could be if you believe in its long term goals and want to take advantage of the rewards on offer for holding it. Just be aware that there are quite a few unknowns about how it’s going to work long term at the moment.
For short term traders, that’s less significant. To be successful in the short term, the best approach is to analyse the current price to identify the right time to dip into the market. You can use our courses on technical analysis to learn how to do that, or follow the work of experts below instead.
2. What problem does EverRise solve, and what are the coin’s investment prospects?Copy link to section
It solves the volatility that is so inherent to cryptocurrencies. An automatic buyback function along with a rewards scheme encourages more people to get and hold the coin, maintaining confidence and reducing the number of steep falls that tend to accompany other tokens.
If that plan plays out in reality then it might prove to be a good investment prospect. However, its white paper is scarce on the details of how this might work over time and there are already other tokens out there, including stablecoins like USDT, that are trying to solve the volatility problem.
With any new, brash cryptocurrency it pays to be careful. There’s no harm in investing a small amount to begin with so you can increase it over time. It’s also a good idea to follow the latest news because the price can be sensitive to any developments, and you can find all of that below.
3. Do you want to hold EverRise for the long term?Copy link to section
The idea behind the coin is that you do. It offers incentives to encourage people to do so, but a long term plan isn’t for everyone. Below are some final thoughts on what you should think about, whether you’re short or long term focused.
Considerations for a long term investment strategy
If you expect the coin to go up in value over time and want to benefit from its rewards scheme, then a long term strategy is for you. Choose an exchange to get some coins and then think about using a wallet to store them.
Considerations for a short term trading strategy
The fundamentals are much less important for anyone just trying to turn a quick profit. In that case, the best plan is to pick a broker with low trading fees and consider using CFDs to speculate on any price moves.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >