How to Buy Reserve Rights (RSR) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Reserve Rights, and is trustworthy!

You can find our top 3 exchanges for buying Reserve Rights here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Reserve Rights

And of course, the final step is to find Reserve Rights on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Reserve Rights (RSR)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Reserve Rights

  1. Sign into the exchange
  2. Find where you stored your Reserve Rights, either on a hardware wallet or on the exchange.
  3. Transfer your Reserve Rights to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Reserve Rights.
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Considerations when looking to buy Reserve Rights.

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), on the Huobi Prime platform, the Reserve Rights (RSR), token was launched in May 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 revenue generated by the RToken in return for providing the insurance. RSR stakers will generally see higher returns (APYs), the larger the market cap for the RToken they are insuring.

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.