Last update: Jun 6, 2022

How to Buy Reef (REEF)

So you’re looking for a guide on how to buy Reef. Depending on your country, you’ll have various exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy Reef – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Reef of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency trading platforms.

4. Buy Reef

Now that you have what you need to buy Reef, head over to the market or buy section of the cryptocurrency exchange and buy some REEF.

If the crypto exchange doesn’t have any Reef on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Reef first), and trade your Ethereum for Reef.

Where to Buy Reef (REEF)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Reef

1. Sign into the crypto exchange where you bought Reef.
2. Move your Reef to the right place on the crypto exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell Reef.

 

How to Buy Reef (REEF) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Reef in Australia, the process remains the same:

1. Find a crypto trading platform below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy Reef if it’s available. If the exchange doesn’t have Reef. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Reef), and trade your ETH for Reef.

Also, take a look at our analysis of the best crypto platforms in Australia If you’re interested in learning more about which ones we would recommend.

How to Buy Reef (REEF) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Reef in Canada, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy Reef if it’s available. If the exchange doesn’t have Reef. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Reef), and trade your ETH for Reef.

You can also take a look at our analysis of the top exchanges to buy and sell cryptocurrency in Canada for those looking to learn more about which ones we would recommend.

How to Buy Reef (REEF) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Reef in the UK, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy Reef if it’s available. If the exchange doesn’t have Reef. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Reef), and trade your ETH for Reef.

Alternatively, if you want to know more about which exchanges we recommend, look at our list of the cryptocurrency exchanges in the UK.

Considering buying Reef? REEF Rundown

The Reliable xtensible fficient Layer-1 Blockchain for DeFi and NFT. Substrate Framework is used to build it. It allows for high scalability and almost instant low-cost transactions. Solidity and EVM are supported, allowing developers seamlessly migrate their DApps to Ethereum.

Reef Chain is an EVM-compatible, advanced blockchain. It is self-upgradable, and it has on-chain governance. Its infrastructure allows for EVM extensions, which allow for native token bridge and scheduled calls (ie. recurring payments, and smart contract in place code upgrades. It will soon support additional VMs, which will allow developers the ability to code in multiple programming languages. It runs on a Nominated proof-of-Stake consensus mechanism (NPoS), which allows for scalability as well as low fees.

REEF is the native symbol that is used to:

• Processing fees and storage charges
• By staking REEF tokens, you can run validator nodes.
• The network should include a way to nominate validator nodes.

Reef is backed and managed by a number of top venture capitalists and funds, including NGC and QCP, Bitcoin.com and LD Capital. TRG Capital, Kenetic Capital and TRG Capital. Krypital Group, Genesis Block and Woodstock Fund.

Reef Chain development tools include:

• Remix and EVM integrated environments for developing smart contracts.
• Reefscan Blockchain Explorer to help with validators deployment, bonding and nomination validators, contract debugging, and understanding the performance of the network.
• The Reef command line tools allow developers to deploy applications in local environments.
• Reef wallet to access and interact with the blockchain

Related:

• How to Buy Raydium (RAY)
• How to Buy Ren (REN)