In this guide you’ll get information about where to buy Ripio Credit Network, if you are planning to buy RCN token – You’re in the right place!
Also known as RCN, Ripio Credit Network is a decentralized and open source credit network that connects borrowers, lenders, and other agents within the blockchain. The main purpose is to create borderless, transparent, and frictionless loan markets. The platform combines advanced borrowing tools and sophisticated digital lending technology, while utilizing blockchain’s security and transparency at the same time. Basically, the platform acts as an ‘agent’ that makes sure that borrowing and lending transactions are happening safely.
To support its operation, the platform has its own technologies and features. It even has its own dApp, known as RCN Credit Marketplace that makes the transactions easier. Users are able to access RCN protocol easily without drama or complication. Creditors are given the flexibility to lend DeFi (as well as CeFi), manage everything, and borrow with peer to peer loan through one place system.
Table of Contents
Ripio Credit Network (RCN) Features
- Financial efficiency. Since the platform is about peer to peer loans, the practice doesn’t have any spread between the lending and borrowing APRs. Basically, they can benefit from one another. Borrowers can pay less while lenders are able to earn more.
- Stability. The APRs for peer to peer don’t vary (during the term). It means that borrowers have the knowledge and the info of how much they must pay from the first day (of the borrowing) to the last one of their payment.
- Customizability. This feature allows borrowers to opt for their own APR. They have the freedom to decide how much they can pay and how they will do it.
- Borderless operation. Thanks to the blockchain technology, borrowers and lenders from all parts of the world can interact and connect. There is no boundary; not even geographical types that can prevent them from making connections.
- Credit Marketplace. This is a special dApp belonging to RCN that will make lending and borrowing super easy. Users won’t have to access their desktops or laptops. They only need to access their smartphones and manage everything from there.
- Unique characteristics. The platform has its own specialized characteristics that differentiate it from the others. It is frictionless, meaning that users won’t have to deal with confusing barriers. It is also transparent, thanks to the smart contracts. It is borderless because it allows everyone in the world to join and participate.
Where to Buy, Sell and Trade Ripio Credit Network aka RCN
You can basically use debit card, credit card, or even PayPal to buy the Ripio Credit Network (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Ripio Credit Network as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy Tether first. After you get the ETH or BTC or USDT, you can convert it to Ripio Credit Network. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
- Find a crypto exchange that supports Ripio Credit Network currency and exchange your Ethereum / Bitcoin / Tether with the Ripio Credit Network
- Store your Ripio Credit Network to a secured wallet
Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) or Tether (USDT)
There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.
Get $10 Bonus when you sign up for Coinbase!
- You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
- Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
- You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.
That’s the first step in buying Ripio Credit Network, once you get your Bitcoin or Ethereum or Tether, you can continue to the next step.
Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH or USDT from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH or USDT with Ripio Credit Network:
IMPORTANT! Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the RCN/BTC or RCN/ETH or RCN/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you RCN/USDT – so you need to convert your BTC or ETH to USDT first in order to buy Ripio Credit Network (RCN)
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your Ripio Credit Network (RCN) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy Ripio Credit Network (RCN) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Ripio Credit Network. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Ripio Credit Network (RCN) with Cash?
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.
Can I Buy Ripio Credit Network (RCN) with Skrill?
You can’t buy RCN directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Ripio Credit Network. You can buy BTC/ETH with skrill by using these exchanges::
Can I Buy Ripio Credit Network (RCN) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair RCN/BTC and begin the transactions.
Can I Buy Ripio Credit Network (RCN) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support RCN/ETH trading pair.
What Is the Best Payment Method to Buy Ripio Credit Network (RCN)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Ripio Credit Network right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Ripio Credit Network (RCN)?
Once you have purchased the Ripio Credit Network, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Ripio Credit Network (RCN)?
Find a crypto exchange which allow pairing RCN with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine Ripio Credit Network (RCN) and Not Buying It?
You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a Ripio Credit Network is to buy it from a reliable exchange.
RCN is the modern platform for lending and borrowing, utilizing blockchain technology to make everything faster, simpler, and more efficient. It provides access to all users without fussy arrangement. Interested in joining? Buy Ripio Credit Network (RCN) and unlock all the benefits.