Buy Ripio Credit Network with a credit card
You can buy RCN for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via one of our partners, such as Mercuryo, Guardarian, or Simplex, with a few simple steps right on this page. You can also look at Ripio Credit Network price dynamics and history, get some answers to your questions, and find some useful links to read more about what is RCN.
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Ripio Credit Network live price chart
RCN price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
What is Ripio Credit Network?
Ripio Credit Network (RCN) is a blockchain-based platform that seeks to transform the traditional lending landscape by connecting borrowers and lenders across various markets, using decentralized technology to streamline and secure loan agreements. Launched in 2017, the project was co-founded by Ripio, a digital asset company focused on financial inclusion, with a particular emphasis on Latin American markets.
RCN’s main purpose is to facilitate peer-to-peer lending by leveraging smart contracts to ensure transparent and enforceable agreements between global borrowers and lenders. Built on the Ethereum blockchain, the RCN token serves as an intermediary currency within the ecosystem, standardizing transactions across borders and currencies, which eliminates many of the barriers to international lending. With a total supply capped at 1 billion RCN tokens, the network aims to minimize third-party intermediaries, reduce fees, and make lending accessible globally.
Key features of RCN include:
- Global reach: Through smart contracts and stablecoin support, RCN is accessible to a wide audience, regardless of their local currency or credit access.
- Smart contracts: The use of Ethereum smart contracts standardizes loans, enforcing transparent agreements.
- Credit scoring: RCN has a built-in credit rating system, helping lenders evaluate borrower reliability.
- Fee reduction: By removing intermediaries, RCN enables lower transaction fees for international lending.
The average fees on the RCN network
The average transaction fees on the RCN network depend on the Ethereum network’s gas prices, as RCN operates on the Ethereum blockchain. RCN fees, therefore, vary based on the blockchain’s congestion. For instance, if RCN is valued at $0.005 per token, an Ethereum gas fee of approximately 0.0002 ETH might apply, which would translate to about $0.35 at typical rates, though prices can fluctuate widely depending on network activity. This cost covers transaction processing and supports the decentralized operation of RCN’s lending platform.
The RCN token wallets
Several wallets support RCN tokens and offer secure storage and easy access to RCN:
- MetaMask: A popular browser wallet that connects with decentralized apps, offering Ethereum-based token storage.
- Trust Wallet: A mobile wallet supporting a wide range of tokens, including RCN.
- MyEtherWallet (MEW): An open-source wallet specifically for Ethereum and compatible ERC-20 tokens like RCN.
- Coinomi: A multicurrency wallet with secure storage and integration with various blockchain assets.
- Guarda Wallet: A non-custodial wallet that enables RCN storage and transfers across platforms, supporting easy token management.
Where to buy Ripio Credit Network
RCN can be acquired on major cryptocurrency exchanges that support a range of trading pairs, offering options for buying RCN with digital or fiat currencies. SwapSpace provides one of the most cost-effective methods to buy RCN crypto, making it the cheapest way to buy Ripio Credit Network. By comparing multiple exchange rates, SwapSpace allows users to find the best rate for their RCN purchase online.
How to buy Ripio Credit Network
To buy RCN with a credit card on SwapSpace, follow these simple steps:
- Visit the SwapSpace website and select “RCN” as the desired asset.
- Choose the amount of RCN you wish to buy.
- Enter your wallet address to receive RCN tokens after the purchase.
- Complete payment using your preferred payment method, such as a credit or debit card.
- Confirm the transaction details and finalize the purchase, and your RCN will be delivered to your wallet.
What can I do with Ripio Credit Network after purchase?
Once you purchase RCN, several practical uses are available within the platform and beyond:
- Lending and borrowing: Engage in decentralized lending as either a lender or borrower on the Ripio Credit Network platform.
- Trading: Trade RCN on various exchanges or hold it as a speculative investment.
- Participate in network governance: Take part in voting on network changes and updates.
- Transfer value: Use RCN for cross-border transfers with minimal fees.
- Earn from staking: Participate in staking if available, earning rewards through token engagement.
You can buy RCN right here on SwapSpace — look below to find an instruction on how to buy Ripio Credit Network.
How to buy RCN on SwapSpace
On this page, we put USD in the “You send” and RCN in the “You get” sections in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button and choose a provider.
Fill in the “Enter the recipient address” field with the destination Ripio Credit Network address. Check the information carefully and click the “Next” button. After reading the special terms and conditions in the next window, click “Next” again.
At this point, you will either see our partner’s widget or be redirected to another page, depending on the chosen provider. You will be asked to verify your identity, as this is standard practice for the services that work with fiat money. Follow the provider’s instructions on the screen.
After completing the KYC procedure, fill in your credit card information. At this point, everything is in place and your transaction will start.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
Frequently asked questions
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