How to buy & invest in Reef a step by step guide
By Faren D. 9 min read
Where to buy Reef
Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase Reef (REEF) in 2022.
Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your Reef.
1. Binance
Binance gets a lot of things right for traders who wish to focus solely on cryptocurrency. A diverse range of popular cryptocurrencies should appeal to everyone save the most passionate crypto fans.
Low trading costs and volume reductions should entice more active traders, especially because fees elsewhere are far higher.
Newer investors who want customer service may find a better match elsewhere, particularly if they intend to trade other stocks or crypto as a sideline.
Based on what has been discussed so far, Binance is unquestionably the premier Cryptocurrency Exchange, with low costs and excellent digital currency support.
Binance Features
- Binance trading has some of the lowest costs in the business.
- On Binance, you can trade over 180 cryptocurrencies.
- The exchange is available through online and mobile apps for Android and iOS, as well as desktop programmes for macOS and Windows.
- Binance Futures provides up to 125x leverage while margin trading provides up to 3x leverage.
- It offers a dedicated help Centre where you may contact the support team or get actual beginning tips and explanations of various exchange operations.
- It also allows you to make passive income from your crypto assets through staking, crypto lending, and other methods.
How to buy Reef on Binance
Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.
1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.
2. You can purchase Reef (REEF) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of Reef you can acquire.
3. Select the payment method and fill the required information than Continue.
4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of Reef you may get will be adjusted depending on the current market price.
5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired REEF in your Binance Spot Wallet immediately.
Other Exchanges to buy Reef
Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy REEF.
| 1. FMFW.io | Join Now |
| 2. HitBTC | Join Now |
| 3. LBank | Join Now |
| 4. Nami.Exchange | Join Now |
| 5. Paribu | Join Now |
| 6. Bitexen | Join Now |
| 7. AAX | Join Now |
| 8. Bitrue | Join Now |
Buy Reef on Decentralized Exchanges.
Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy Reef (REEF) easily.
1. PancakeSwap (v2)
PancakeSwap Exchange started in September 2020 on the Binance Smart Chain as an alternate automated market maker (AMM) to Uniswap Exchange, with cheaper transaction fees and faster speeds. While it began as just a copy and paste of Uniswap on some other blockchain, PancakeSwap Exchange has now evolved a number of features that have allowed it to be utilized more often than Uniswap.
With a variety of features and opportunities for users to make earnings, the platform currently has more Total Value Secured than Uniswap. PancakeSwap Exchange can meet your demands if you are seeking for a decentralised exchange with cheap fees and transaction expenses.
How to buy Reef on PancakeSwap (v2)
In this section, we'll go through below steps on how to make your first Reef purchase on Pancakeswap.
Step 1: Go to Pancakeswap.finance, click Connect Wallet and select Metamask or Trust Wallet. After connecting your wallet to Pancakeswap, you can now begin trading tokens on the Pancake official site.
Step 2: Click Trade > Swap from the main menu. Select the token you want to trade for, and the token you want in the top section (in our case Reef), You can also search Reef (REEF) in Coinmarketcap and copy/paste the REEF contract in Pancakeswap.
Step 3: You are now ready to place your order. You can put a number in the top area to specify how much you want to spend, or a number in the bottom field to specify how much you want to purchase.
Step 4: Before you finalize the conversion, go through the details and double-check that everything is in order. When you're finished, simply press "Swap" and then "Confirm Swap." That’s all.
As soon as the trade is verified, Reef will appear in your wallet.
2. Uniswap (v2)
Uniswap (v2) Pros
Uniswap (v2) Cons
3. Uniswap (v3)
Uniswap is a decentralised exchange (DEX) that allows users to finance liquidity pools and benefit from them.
The platform's user-friendly online interface allows users to exchange Ethereum-powered ERC-20 tokens. Previously, decentralised exchanges had small order books and poor UXs, leaving a huge opportunity for successful decentralised exchange.
Users no longer have to accept defects because they can easily exchange Ethereum-based protocols using a web 3.0 wallet thanks to Uniswap. You can do so without having to deposit or withdraw funds from a centrally controlled order book. Uniswap allows users to trade without the intervention of a third party.
How to buy Reef on Uniswap (v3)
In this section, we'll go through below steps on how to make your first Reef purchase on Uniswap.
Uniswap allows you to buy Reef (REEF) and any of the thousands of ERC20 tokens offered by the Ethereum network. To do so, you'll need sufficient ETH on hand to cover any transaction costs, as well as anything to exchange for the ERC20 token you desire mostly Ethereum or USDT (ERC-20).
Step 1: Navigate to the Uniswap exchange platform. Click the 'Connect to a wallet' option in the upper right corner and log in with the Metamask or Trust wallet.
Step 2: After logging in, the trading dashboard will be shown. Select the token you want to trade for, and the token you want in the top section (in our case Reef), You can also search Reef (REEF) in Coinmarketcap and copy/paste the REEF contract in uniswap.
Step 3: You are now ready to place your order. You can put a number in the top area to specify how much you want to spend, or a number in the bottom field to specify how much you want to purchase.
Step 4: At the bottom of the order menu, you'll see how much you'll be charged. If you're satisfied with these numbers, click the 'Swap' option. When you're finished, confirm the transaction, and it'll be processed. Once completed, your tokens will be available in your ERC20 wallet.
4. OpenOcean
OpenOcean is a decentralized exchange that aggregates derivatives, lending products, and insurance products on multiple blockchains.
They also have a large community of existing users. The company's roadmap is full of exciting features. Additionally, the platform is transparent when it comes to trading fees and aims to offer optimal user experience for its users.
If you're a crypto investor and want to buy using decentralized exchange, OpenOcean can be the right choice for you.
Conclusion
Choosing the best cryptocurrency platform for Reef (REEF) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.