How and Where to Buy Rigel Finance (RIGEL) – Detailed Guide
- What is RIGEL?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy ETH with fiat money
- Step 3: Transfer ETH to an Altcoin Exchange
- Step 4: Deposit ETH to exchange
- Step 5: Trade RIGEL
- Last Step: Store RIGEL securely in hardware wallets
- Other useful tools for trading RIGEL
- Frequently Asked Questions
- Latest News for RIGEL
- RIGEL Price Prediction and Price Movement
What is RIGEL?
What is Rigel Finance (RIGEL)?
Rigel Finance is an AMM Decentralized Exchange with Farming and Staking functions. You can create new pools or add liquidity on existing pools to start farming at Rigel Finance. By Staking Rigel, you will earn a portion of the swap fees.
There are five core products for RigelFinance’s ecosystem:
- RigelSwap Exchange (https://exchange.rigel.finance/)
- RigelSwap Liquidity Pools (https://exchange.rigel.finance/#/pool)
- RigelFinance Farms (https://app.rigel.finance/farms)
- RigelFinance OrionNebula Staking (xRigel) (https://app.rigel.finance/staking)
- Rigel Wallet
Yield Farming.
Earn RIGEL tokens by farming RigelSwap V2 RLP. You have 18 pairs to choose from, we have included the main pairs. Within Farming function, farmers will get 15% of RIGEL/block in the pair RIGEL-ETH RLP and 5% of RIGEL/block for the other 17 pairs. Before Farming, you need to add liquidity in RigelSwap Exchange in order to get RLP (RigelWap Liquidity Provider) tokens. During the first 13 days, users farming in the platform will get 4x more RIGEL/block than the basic minted RIGEL/block, which is 0.019051633 RIGEL/block. When the rewards contract is called (minimum once per day) all the LP tokens are sold for RIGEL (on RigelSwap Exchange). The newly purchased RIGEL is then divided up proportionally between the xRIGEL holders in the pool, meaning their xRIGEL is now worth more RIGEL.
Staking.
You will earn a portion of the swaps fees based on the amount of xRigel held relative to the weight of the staking. xRigel can be minted by Staking Rigel. To redeem Rigel staked plus swap fees convert xRigel back to Rigel. The remaining portion of the trade fee paid goes to a pool called OrionNebula. The OrionNebula contract collects the fees from all the pools, and when the reward distribution command is called, it then sells all the fees turning them into RIGEL, via RigelSwap Exchange. OrionNebula allows you to stake your RIGEL and receive xRIGEL in return, and then you stake it in the xRIGEL pool. When users make trades on the RigelSwap Exchange, a 0.3% fee is charged, 0.05% of this fee is added to the OrionNebula pool in the form of LP tokens for the relative pool.
RigelSwap Exchange.
Allows users to swap any ERC-20 token into any other ERC20 token through automated liquidity pools. The liquidity provided to the exchange comes from Liquidity Providers ("LPs") who stake their tokens in "Pools", in return they get RLP (RigelSwap Liquidity Provider) tokens, which can also be staked in the "Farm".
When users make a trade on RigelSwap exchange, they pay:
- 0.3% trade fee;
- 0.25% fee reward for LPs;
- 0.25% of this trade fee goes to the Liquidity Providers, it's added to the pool balance.
RigelSwap Pools.
Allows liquidity providers to add their tokens to liquidity pools. When they add liquidity, they will receive RLP tokens (RigelSwap Liquidity Provider tokens). For example: if a user deposited $RIGEL and $ETH into a pool they would receive RIGEL-ETH RLP tokens. These tokens represent a proportional share of the pooled assets, allowing a user to reclaim their funds at any point. However, as a liquidity provider you will also receive a trade fee reward. Every time a user trades between $RIGEL and $ETH a 0.3% fee is taken on the trade. 0.25% of that trade goes back to the LP pool. With your LP tokens, you can also put them into Yield Farming. If you are farming, you will still get the 0.25% reward fee for being an LP when you next remove your liquidity.
Download Rigel Wallet.
Download our Rigel Wallet, available for Android and soon for iPhone. Send and receive your cryptocurrencies with supports of all Erc-20 tokens. You can get your Rigel tokens and hold them in your wallet. The wallet also supports WalletConnect Protocol, so you will be capable of connecting your wallet to our platform. The Rigel wallet will list new and trending projects, including DeFi tokens. Listing payment is done only in Rigel Tokens.
Rigel Is Deflationary.
During the first year, all listing fees of Rigel Wallet will be burned. Yes, you read that correctly! In the second year, 50% of all listing fees will be burned, in the third year 25% and so on. The burning event will take place once per week or once every two weeks, depending on the number of listings. With this strategy, we're removing tokens from circulation and inducing an increase in price.
RIGEL was first tradable on 21st Jan, 2021. It has a total supply of 5,978. As of right now RIGEL has a market capitalization of USD $unknown. The current price of RIGEL is $130.19 and is ranked 1743 on Coinmarketcap and has recently surged 60.44 percent at the time of writing.
RIGEL has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Ethereum from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy RIGEL.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Ethereum (ETH). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy ETH with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Ethereum, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer ETH to an Altcoin Exchange
But we are not done yet, since RIGEL is an altcoin we need to transfer our ETH to an exchange that RIGEL can be traded. Below is a list of exchanges that offers to trade RIGEL in various market pairs, head to their websites and register for an account.
Once finished you will then need to deposit ETH to the exchange from UpHold. After the deposit is confirmed you may then purchase RIGEL from the exchange view.
Last Step: Store RIGEL securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your RIGEL for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy RIGEL with cash?
There is no direct way to buy RIGEL with cash. However, you can use marketplaces such as LocalBitcoins to first purchase ETH, and finish the rest of the steps by transferring your ETH to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy RIGEL in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy RIGEL or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on Rigel Finance's fundamentals and current price here.
Latest News for RIGEL
