How To Buy RioDeFi (RFUEL) | Best Crypto Exchange To Buy RFUEL 2020
Trading and investing in cryptocurrencies solely relies on how well you perceive the digital asset based on its market industry. First of all, this guide doesn’t give any investment advice. Given the fact that the market value of RioDeFi’s token RFUEL doesn’t satisfy others’ expectations. It is worth noting, however, that outside of these sometimes spectacular runs from low market cap coins, often see little gains. More often than not they stagnate for the majority of the market cycle, maintaining their price if not moving in a bearish trajectory. But it is this low valuation that allows for major gains, for those savvy enough.
Even after decentralized finance (DeFi)’s clear acceleration, its proliferation is likely to be hampered by its disengagement from centralized finance (CeFi). While DeFi emerged to fix CeFi’s shortfalls, designed to steer the latter’s adoption, the two must be interconnected. Interestingly, there are many blockchain-based projects that create bridges to reconcile the two.
What is RioDeFi?
To form a new decentralized financial system powered by blockchains and smart contracts, Rio DeFi is innovating a necessary infrastructure. Rio Chain, enabling an ecosystem of decentralized financial applications, is at the center of its application framework. New dApps can support new wallets, products, and cryptocurrencies through Rio DeFi. Rio ‘s solution to the all-too-common issue of slow, inefficient, and expensive blockchains is a paradigm that supports its three primary focus areas, namely: usability, scalability, and security.
In order to form a user-friendly, compliant fiat to crypto gateway, the platform has developed RioChain, RioWallet, RioPay, and RioExchange. Rio Chain has a technology stack that includes a wide range of modules, including oracles, savings and loan services, an authentication system for OAuth, and other resources that guarantee a user-friendly experience in its ecosystem.
What’s the main problem that the project solves?
If others have faltered, RioDeFi, which has begun to make major headlines in the decentralized finance domain, will thrive. RioDeFi builds critical bridges between conventional finance and defi, relying on a blockchain that boasts incredible security, speed, scalability and interoperability, with robust fundamentals, including an experienced, multi-disciplinary team and compatibility with the much-vaunted Polkadot network.
The purpose for RioDeFi is evident: to emulate the popularity of Ethereum’s DeFi initiatives on Polkadot, excluding the eye-watering gas charges. Also for time being, MANTRA DAO is currently RioChain’s proving ground, while more projects are anticipated to be on board in the near future. When they are, the intrinsic value of RFUEL is only going to increase.
What are the main use cases of RFUEL?
According to RioDeFi, RFUEL is at the core of the platform’s ecosystem, facilitating staking/validation reward payments, executing smart contracts, and providing the gas needed to process transactions on RioChain.
Where can I buy RFUEL?
There are many exchanges that claim the title of “best” exchange. While this may all seem simple enough, however, in choosing the best crypto exchange to invest in, you’ll have to pay attention to a myriad of considerations like fees, reputation, security, verification processes, and geographical restrictions an exchange platform has to offer.
To better understand most of the exchanges, as well as some of them that are working actively towards this goal, first, we need to understand some several factors that these crypto exchanges are currently working on:
- Security: Safety should always come first. A good exchange will place great emphasis on the security of their users’ accounts, personal information, and the system in general. The majority of the assets should be stored offline in a cold storage system. Also be on the lookout for additional security features such as Two-factor authentication, withdrawal confirmations, etc.
- Reputation: A well established, long-standing exchange is a much safer option.
- 24/7 Support: The support should be responsive, friendly, professional, and ideally reachable through several different channels. A call center is a big plus as it’s comforting to know you have the option to speak to someone in person.
- Payment methods: Take into consideration which payment methods are available — do they support credit card purchases, p2p fiat trades, and other methods of payment.
- Fees: Fees can vary substantially between different exchanges. The fee schedule has to be provided on the site.
- Interface: The site should be easy to navigate, even for crypto beginners.
- Geographical restrictions: Some exchanges are locally restricted and their service might not be available in your area.
- Uptime: Avoid exchanges with lots of downtimes.
- Verification: Even though some users find verification and KYC procedures a hassle, you should look at it from another perspective. They are done with the best intention to protect the exchange from money laundering and all sorts of scams.
Taking everything into consideration, KuCoin is one of the many cryptocurrency exchanges who explored the concept of what the future of cryptocurrency trading looks like. It is also a reputable exchange that adds high-quality projects, hence, where you can buy RFUEL.
KuCoin has a highly trained research department that looks for top-quality projects throughout the crypto industry. The exchange has over 6 million registered users across 207 countries and regions around the world with 450+ trading pairs to date. KuCoin provides a highly secure and easy-to-use platform for users to engage in cryptocurrency trades and transactions efficiently and safely.
KuCoin also launched a series of other products in the past year designed to further help out crypto users, including futures markets, public chain, one-stop exchange solution, creating a platform for how your crypto can yield interest, as well as some upgrades to the main exchange to uphold its principle of security and transparency. KuCoin since its inception has insisted on taking the tech as its backbone to build a better trader relationship while constantly pushing for the sustainable development of the digital currency trading ecosystem as the ultimate goal.
The Best Crypto Exchange To Buy RFUEL 2020
There are several exchanges, in fact, catering to different requirements and varying in terms of safety and security, convenience, accessibility, and so on. But unlike most of them, KuCoin is unique in its approach. From their timely upgrades, reports, and recently introduced products & features like KuChain, Margin, KuCoin Futures, Soft Staking, and Pool-X is what I think helping them build a better ecosystem for us, traders. Significantly, the structure of Kucoin is utterly fascinating, which shows they are more interested in long term growth. I’d say with their competitive services and reputable brand, KuCoin is already one of the leading cryptocurrency exchanges today.
