Bitvavo makes Reserve Rights as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
What is Reserve Rights?
Reserve Rights is a stablecoin platform that has two tokens; the first is RSV, a stablecoin aiming to maintain a peg to the US Dollar. The second is RSR, which is a token used by arbitrage participants to buy RSV for reserve whenever RSV loses it pegs to the US Dollar. By using two tokens, Reserve aims to create market incentives to keep the value of its stablecoin stable. RSR can also be used to participate in Reserve's governance.
How to buy Reserve Rights?
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Reserve Rights. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
How to store Reserve Rights?
Storing Reserve Rights and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Reserve Rights without any technical knowledge. Here is a brief overview of the existing wallet options to store your Reserve Rights:
Hosted wallets are wallets where the private keys to your Reserve Rights are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Reserve Rights online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Reserve Rights. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Reserve Rights, and if malicious parties have access to your device, your private keys (and therefore your Reserve Rights) can be stolen.
A hardware wallet is a physical device on which you can store your Reserve Rights offline. It is one of the safest ways to store your Reserve Rights, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Reserve Rights is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Reserve Rights. Once you have purchased Reserve Rights on Bitvavo, you can choose to send your Reserve Rights from your Bitvavo wallet to your own software or hardware wallet.
Direct Euro Transfers
Buying digital assets with Euros has never been easier. Bitvavo supports 8 payment methods, including SEPA for instant transfers.