How & where to buy Reserve Rights (RSR) online
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This guide introduces the Reserve Rights coin to beginners, covering what to look out for before investing and what the future may hold for the project.
What are the best exchanges to buy RSR on?
If you want to know where to buy Reserve Rights coin straight away, check out the options in the table below. We have compared the best crypto brokers to help you find the right one for your investment needs. If you aren’t ready to get started yet, read on to find out more about RSR coin.
How to buy Reserve Rights online – a step-by-step guide
Step 1. Find an exchange
The best place to buy Reserve Rights coin in the UK and elsewhere is an exchange that offers RSR trading and. Often, you may find you need to change your fiat currency (like GBP, USD, or EUR) into Bitcoin first, as the exchange will only offer BTC/RSR trading.
Try these two top exchanges if you want to get involved with RSR coin:
- Binance: One of the biggest names in the cryptocurrency trading space, Binance allows users to trade hundreds of different cryptocurrencies, including Reserve Rights. Open an account right now >
- Coinbase Pro: One of the most popular exchanges around, Coinbase also has an investment interest in the Reserve platform. Ideal for beginners, it can help you get to grips with cryptocurrency. Join Coinbase today >
Step 2. Sign up and fund your account
Your chosen exchange will likely want you to sign up and verify your account before it lets you trade. Most places are happy to accept a copy of your photo ID, like a driving licence or passport.
Once your account is verified, you just need to change your cash into a cryptocurrency to invest in RSR coin.
Step 3. Purchase
Executing your purchase is the easy part. Look for the RSR price and enter the number of tokens you want to buy before executing your trade. The RSR/BTC price pair will commonly be the one you need to find.
Step 4. (Optional) Get a suitable wallet
Most exchanges let you store your coins securely in your account. However, if you’re looking for extra security or plan to hold lots of RSR coins, you might want to think about getting your own wallet.
There are plenty of wallets available but here are two of the top options to consider:
- Infinito Wallet: A mobile wallet that stores your coins on your phone, Infinito offers trading and storage for a wide range of the most popular cryptocurrencies. Get an Infinito Wallet today >
- Ledger Nano S: A hardware wallet that lets you store your cryptocurrency securely offline. The Ledger Nano S is the most popular cryptocurrency hardware wallet on the market. Get your wallet here >
How to trade Reserve Rights – a step-by-step guide
Step 1. Find a broker
To trade RSR you want to find a broker with low fees that lets you perform transactions quickly and easily. Much like exchanges, few brokers offer RSR trading at the moment but that might change as the coin becomes more popular.
If you want to trade, take a look at eToro or IG to see if they offer RSR.
Step 2. Deposit money
You can use your fiat currency to trade cryptocurrency with most brokers. Before you get started, remember to think about trading fees, as they can eat away at your money if you choose a broker that charges high costs on every trade.
Step 3. Decide how you’d like to trade
You have a few different options for how to trade. For beginners, we recommend taking a look at our free cryptocurrency courses to learn the basics and check out your trading options. That way you can understand more about what trading involves and decide which method is best for you.
Step 4. Start trading
When you’re all set up and have decided on a strategy, you’re ready to start trading. Many brokers offer beginner trading accounts where you can start off with ‘pretend’ money to get to grips with cryptocurrency without the risk of losing money.
Still undecided?
Taking some time to think about investing in cryptocurrency is always a good idea. If you’re not sure and want a few more pointers on which way to go, here are some pros and cons of RSR to think about before you get involved.
Pros
- Reserve has already rolled out its app in some South American countries
- There is demand for a stable cryptocurrency with a buying power that can be trusted
- The Reserve Rights token offers unique opportunities for experienced traders
- It’s backed by big name investors, like Peter Thiel and many others in Silicon Valley
Cons
If you still want more information to help you decide, here are three more things to think about before you invest in Reserve Rights.
1. Is now a good time to buy Reserve Rights?
A lot depends on your investment horizons. The most immediate opportunities are for experienced, short term traders who can use RSR to benefit from fluctuations in the price of the Reserve stablecoin. In the long term, it depends on whether Reserve can introduce its stablecoin into wider use.
You should always do your research before investing. This is particularly the case for RSR, where its value relies on how much Reserve is used around the world. To help you decide if RSR is the right investment for you, we’ve got the most up to date market analysis below:
2. What problem does Reserve Rights solve, and what are the coin’s investment prospects?
Reserve Rights solves the problem of volatility that affects a lot of cryptocurrencies. But it solves that problem in another coin rather than itself. By supporting a stablecoin with a fixed value, it helps create a digital currency that could be an alternative to fiat currencies around the world.
Reserve has already rolled out its stablecoin to some South American countries as an alternative to fiat currencies hit by crippling inflation. Venezuela especially is a test run for how Reserve could work in practice, and RSR’s long term investment prospects depend on how successful that project is.
It’s also worth noting that reserve is backed by the founder of PayPal, a variety of Silicon Valley investors, and the Coinbase exchange. These links could lead to faster take-up if those trials work well. You should always stay on top of the latest news, for signs of Reserve being introduced as a payment option on either of those platforms. You can find it below:
3. Do you want to hold Reserve Rights for the long term?
Reserve is a platform with grand plans for the long term. However, the immediate value of the RSR coin comes from its ability to benefit from arbitrage opportunities – using it to buy RSV when the price goes below $1 and selling that RSV on the open market at $1, making a small gain on the transactions. This isn’t a strategy that’s suited to everyone, and you can also hold RSR for the long term and look to benefit from an increase in value over time.
Considerations for a long term investment strategy
If you believe that Reserve can establish the leading stable cryptocurrency, RSR is a great way of getting in early. You can sign up to an exchange and get some RSR tokens. If you want extra security, you might want to think about getting a wallet to store your coins as well.
Considerations for a short term trading strategy
If you want to trade RSR quickly or use it to exploit arbitrage opportunities with the Reserve Stablecoin, then you don’t need to worry about its long term performance. You should sign up for a broker with low trading fees and get started. One way to be improve your short term trading skills is to learn about technical analysis, which can help you predict price movements.
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