Last update: Jun 6, 2022

How to Buy Reserve Rights (RSR)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Reserve Rights. Depending on where you’re based, you’ll have different crypto trading platforms to choose from.

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

Let’s get started!

Reserve rights

How to Buy Reserve Rights – 4 Easy Steps

1. Choose a crypto exchange

Finding a 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 Reserve Rights of course.

2. Sign up with the crypto 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 exchanges.

4. Buy Reserve Rights

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

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

Where to Buy Reserve Rights (RSR)

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

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
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 Reserve Rights

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

 

Crypto trading

How to Buy Reserve Rights (RSR) 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 Reserve Rights in Australia, the process remains the same:

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

It’s also possible to check out our comparison of the best bitcoin brokers in Australia If you’re curious to know more about which ones we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Reserve Rights (RSR) 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 Reserve Rights in Canada, the process remains the same:

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

You can also check out our comparison of the safest crypto exchanges in Canada for those curious to know more about which ones we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Reserve Rights (RSR) 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 Reserve Rights in the UK, the process remains the same:

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

Or, if you’d like to know more about the exchanges we recommend, look at our comparison of the top rated UK crypto exchanges.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Reserve Rights? RSR Rundown

Reserve Rights (RSR), an ERC-20 token, will serve two main purposes in the Reserve Protocol. They are used to secure Reserve stablecoins (RTokens), by staking them and governing them through voting on their configuration.

After a successful initial exchange offer ( IEO), the Reserve Rights (RSR token) was launched on May 19, 2019.

Reserve Rights is the governance token for Reserve stablecoins, (RTokens), through which changes can be made to RTokens. RSR votes for these changes. Reserve Rights also exists to provide a backstop for Reserve stablecoin holders (RTokens) in the unlikely event that a collateral token fails. RSR holders have the option to either stake on one RToken or to split their RSR tokens and stake on multiple RTokens. RSR holders have the option to decide not stake their RSR.

RSR stakers will receive a share of the RToken's revenue in return for this insurance. RSR stakers will generally see higher returns (APYs), the larger the market cap for the RToken that they insure.

RSR staking, unlike other "staking" projects of today, is built to last. Reserve's model does not require trust in the staking of any other parties, and late participants are not paid for.

Reserve stablecoins, unlike other stablecoins, are not backed by U.S. Dollars (USD) kept in reserve in a bank account controlled or trusted custodian by the stablecoin issuer. Instead, they are backed with a range of cryptocurrencies managed through smart contracts.

Any ERC-20 assets can be included in these baskets. Initial Reserve stablecoins will (RTokens), include a USD-denominated steadycoin, backed with other stablecoins like USD Coin (USDC), True USD (TUSD), and Paxos USD (USDP), as well as a stablecoin backed DeFi-yield bearing assets like Compound USD Coin cUSDC and Aave Dai aDAI - which will allow holders of this stablecoin passive DeFi yieldstaking or locking their tokens.

The Reserve community will eventually be able to transact to more diverse baskets. This could include fiat currencies and securities as well as commodities and complex asset types like synthetics or derivatives.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.