If you have any interest to buy ReChain.Finance (RECH), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
1.2 Fill in your trading details
1.3 Allow 2FA-Two-factor authentication (Optional)
Step 2: Buying your first Bitcoin (BTC)
I highly recommend buying Bitcoin first and then trading it for the right amount of ReChain.Finance (RECH).
Step 3: Create a Metamask Account
Open https://metamask.io website or search for “Metamask extension” in your favorite browser (you can install Metamask for Chrome, Firefox and Opera browsers).
We will show you how to install MetaMask extension for Chrome.
Click Add to Chrome to install MetaMask as Google Chrome extension.
Click Add Extension.
You have successfully installed MetaMask extension. That was easy, isn’t it? Now, it is time to add your existing cryptocurrency wallet.
If you don’t have a wallet yet, you can create one straight away.
When the extension is installed, click on the icon in the upper right corner to open the MetaMask, read and accept the terms.
Create a strong password and click Create.
You will see a 12 words seed phrase. Save seed words as a file or copy them to a safe place and click “I’ve copied it somewhere safe”.
Congratulations! You have successfully created an account in MetaMask with a new wallet address!
Now you can view your address on Etherscan (Ethereum blockchain explorer), check the QR code, copy your wallet’s address to clipboard or export your wallet’s private key.
Step 4: Connecting MetaMask to Binance Smart Chain
We want to access the Settings to point the wallet towards Binance Smart Chain nodes.
On the Settings page, we want to locate the Networks menu.
We want to click Add Network in the top-right corner to manually add the Binance Smart Chain one – it doesn’t come packaged with MetaMask. It’s important to note that there are two networks we can use here: the testnet or the mainnet. Below are the parameters to fill in for each.
Mainnet (This is the one you are probably looking for)
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Block Explorer URL: https://bscscan.com
Once you Save the Network and return to the main view, you’ll notice one things: the network has automatically been set to the one you just entered.
Step 5: Deposit BNB to your MetaMask wallet
Hover over the account name at the top of the window, which will display “Copy to clipboard”
Click on the account name to copy your address
Paste your address in the “recipient” field in the application where you are sending your BNB or tokens from.
Select the amount you want to send, along with any other necessary steps to complete and submit the transaction and make sure to select transfer network “Binance Smart Chain (BSC) BEP20(BSC)”.
Note: Please consult with the organization of the application you are using for information on how to transfer your BNB/tokens.
Step:6 How to Make Your First Trade on Pancakeswap
First head over to the Pancakeswap exchange platform.
On the top right, click the ‘Connect to a wallet’ button, and log in with the wallet you wish to trade with.
We’ll log in with a MetaMask wallet.
Once logged in, the trading interface will appear.
In the top field, select the token you wish to exchange for the token you want. We’ll select BNB. In the bottom field, search for the token you wish to purchase, or select it from the drop-down menu, in this case (RECH).
Now you’re ready to set up your order. You can either choose how much you want to spend by entering a number in the top field, or choose how much to buy by entering a number in the bottom one.
At the bottom of the order menu, you’ll then see how much you can expect to receive.
If you’re happy with these figures, click the ‘Swap’ button.
Your wallet click will then prompt you to confirm the trade, and potentially adjust the fees to a number that works best for you.
When you’re ready, confirm the transaction and it will then be processed. Once it’s done, your tokens will appear in your ERC20 wallet.
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever ReChain.Finance gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store ReChain.Finance securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your ReChain.Finance for some long time, you need to find ways to ensure it stays safe safe,
Frequently Asked Questions
Is it possible to buy ReChain.Finance with cash?
The answer is No. Because there is no way you can directly buy ReChain.Finance with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
What are the quickest ways I can buy ReChain.Finance while living in Europe?
Can I use alternative platforms to purchase ReChain.Finance or Bitcoin with credit cards?
ReChain was conceived as a solution for the nuanced inefficiencies of cryptocurrency trading, which often involves trading from multiple exchanges and monitoring prices from segregated sources. ReChain is the first all-in-one solution that allows users to check prices and execute trades in one intuitive user interface. ReChain eliminates the need for multiple browser tabs as the user is able to access price data and monitor multiple trades simultaneously. The crypto trader will have the tools and data all in one centralized display that ensures that an optimal entry or exit point is never missed.
The ReChain Ecosystem
ReChain relies on four product verticals focused on all aspects of Defi to make trading easier for consumer and institutional investors alike.
ReChain provides the ability to set price alerts on multiple assets. Currently, there is no way on Pancake Swap to be notified about price movement. With ReNotify, a user simply has to set an actual or %-of-current price notification threshold, and he or she will receive an alert from the medium of his or her choosing: Telegram, text, email, or a push notification from ReChain. ReNotify is the optimal notification feature.
ReWallet provides extra functionality to create limit orders on decentralized exchanges. A limit order can be set directly from the wallet, and once the token hits the order price, the trade will execute. ReWallet offers the convenience of trading on centralized exchanges with the security of a decentralized platform.
ReExchange allows the buying and swapping on specific blockchains (Polkadot, BSC, ERC-20, Cardano)
The ReDex cross-chain interface displays charts of tokens on different chains. BSC, ERC-20, and soon Polkadot tokens in one place will be readable from one source.
The ReChain Technology
ReChain Technology focuses on providing real-time trading tools to help make you as a trader more efficient and educated regarding your trading positions.
I. Multichain Support
ReChain will be integrated across several mainstream blockchains such as
Ethereum, Polkadot & Binance Smart Chain, allowing traders to place orders on different chains all in one place.
II. Friendly UX/UI
When it comes to trading, there can be a steep learning curve; with ReChain’s trading interface, this will be a thing of the past; consumer investors will be more educated and compete with institutional investors without specific knowledge of technology.
III. All-in-one trading toolkit
We strive to make a platform that allows users to check prices, make informed decisions, and execute trades all in one place.
The ReChain Deflationary Model
To increase the value of the ReChain economical value and incentivize holders, we have implemented a deflationary model with anti-whale mechanics.
Initial Supply 1 trillion tokens
6% of each transaction is sent into liquidity and then burned, making this the best mechanism for constant automatic líquididy growth. (i.e. for a transaction of 1MM, 60,000 will go to liquidity).
2% of each transaction is redistributed to holders.
2% goes into the reinvigoration fund for the development of the platform, product growth, R&D, exchanges, and marketing, eliminating the need for future capital raising from influencers.