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How to buy EverRise coin 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 some.
Compare where to buy EverRise, and open an account
Use one of the brokers below to get EverRise straight away. These platforms are beginner-friendly, simple to use, and have been reviewed and approved by our crypto experts. Otherwise, keep reading to learn more about the coin.
What is EverRise?
EverRise is a cryptocurrency and a platform for building decentralised applications. Its token offers high rewards to anyone who holds it, while its apps are designed to solve problems within the cryptocurrency space, such as the ability for a project to buy back its own coins to stabilise the price.
This sort of scheme has traditionally been the preserve of the traditional stock market. In that field, a share buyback is usually good for investors as it increases the value of their holdings by reducing the overall supply. It’s this feature that’s behind EverRise’s claim to be ‘hyper-deflationary’, as every coin it buys back is destroyed.
EverRise was launched in 2021 and its plans extend beyond simple buybacks. It aims to create apps that let developers retain some control of their own project – rather than giving it to the community, as is the case with most cryptocurrencies – and better manage their coin launches.
How does EverRise work?
It funds its operations by using fees on every transaction. 6% of each transaction fee goes towards buybacks and another 2% on paying out rewards to existing holders. Beyond that, there’s not much information about how the project works.
Cryptocurrencies in general work by using a blockchain as a replacement for a central authority. The blockchain is a public ledger that can be accessed online and is ‘hosted’ by many different computers all over the world, so there’s no gatekeeper or single point of weakness.
The blockchain stores a history of each transaction and tracks the movement of money between people. Each person who uses cryptocurrency has a designated ‘address’ (a string of numbers) that acts as an identifier. Whenever they try to move money the blockchain checks the address has the money it says it does before approving the transaction.
How to buy EverRise online – a step-by-step guide
Step 1. Find an exchange
You should use an exchange to get EverRise tokens. One of these platforms is the best place to find any new or small coin and each exchange has its own set of features so it’s easy to find one that suits you. A couple of the top exchanges around are:
- Binance: Binance is a great exchange for beginners and anyone looking for a newer coin. It has the widest range of tokens available and includes a range of education and tutorial options through the Binance Academy. Join Binance now >
- BitMEX: BitMEX is a platform that’s aimed at experienced users who want lots of advanced features. It only accepts deposits in cryptocurrency but offers high security and a suite of trading options. Sign up with BitMex now >
Step 2. Sign up and fund your account
To use an exchange you have to sign up and create an account. While this process usually only takes a few minutes, you should be prepared to provide some contact details and a form of photo ID.
To fund it, the best method is to do so via a bank transfer or with a credit/debit card. Other options, such as PayPal, might not be available or come with a significantly higher fee.
Step 3. Purchase
Search for the RISE ticker when you’re signed into your exchange account. The list of coin pairs that show up in the results are the options you have to pay for it, so a BTC/RISE pair means swapping Bitcoin for EverRise tokens.
Right now, none of those options are likely to include fiat currency (like GBP or USD). That’s normal for newer coins and just means that you will have to swap your fiat into a cryptocurrency like Bitcoin first, and then use that to pay for EverRise.
Step 4. (Optional) Get a suitable wallet
A crypto wallet is the safest place to store your coins. In particular if you plan on holding onto them for a long time. Wallets are a bit like banking apps, in that they restrict access to your money behind a password and let you manage it through your phone or online. Here are two of the top wallets around:
- Ledger Nano S: The Ledger Nano S is a security-conscious wallet that actually holds the coins entirely offline on a USB-like device. To access the coins, you plug it into the computer and manage them from your desktop. Get the Ledger Nano S today >
- Infinito Wallet: Infinito is a mobile wallet that you use through your smart phone. It also comes with a host of features alongside coin storage, with an in-built exchange and the ability to transfer coins via a QR code. Get started with Infinito today >
How to trade EverRise – a step-by-step guide
Step 1. Find a broker
To trade cryptocurrency you need to use a broker that charges low trading fees. At the moment, you might struggle to find one that offers EverRise, as brokers tend to only offer the most popular coins. Adding a coin to its offering only once it has been around for a while. eToro and Robinhood are two top brokers that are most likely to let you trade it.
Step 2. Deposit money
First, you have to sign up for an account. Then you can fund it using a variety of methods, all of which are likely to come with some form of fees. These fees are how a broker makes money, so they’re difficult to avoid. Bank transfers and debit cards are cheapest, alternative forms of payment are likely to be more expensive.
Step 3. Decide how you’d like to trade
There are a few different ways to trade, the most popular being spread betting or using CFDs (contracts for difference). In both cases, you speculate on the price movement of a coin or the market as a whole and never take ownership of any tokens yourself. These methods are generally better suited to the fast-paced world of trading than constantly buying or selling coins.
Step 4. Start trading
The best place to start for anyone new to cryptocurrency is with a demo account. It’s a feature in your broker’s settings that lets you practice with virtual money before taking a stab at the real thing.
Then you have to decide how you expect EverRise to perform. Lots of factors play into this decision, such as the broader crypto market and your own research but it boils down to whether you think the coin is going to rise or fall in value, and whether you should buy or sell it accordingly.
Once you have a bit more experience you can use more advanced strategies, such as call and put options or leverage. Leverage is when you borrow money from a broker to make bigger trades, with correspondingly higher profits. It can also lead to steep losses as well, though, so you should be cautious until you know what you’re doing.
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.
- 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?
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?
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.
EverRise is today’s hottest crypto: here’s where to buy RISE coin
3. Do you want to hold EverRise for the long term?
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.
Fact-checking & references
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
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