How and Where to Buy RIKEZA (RIK) – Detailed Guide
- What is RIK?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy USDT with fiat money
- Step 3: Transfer USDT to an Altcoin Exchange
- Step 4: Deposit USDT to exchange
- Step 5: Trade RIK
- Last Step: Store RIK securely in hardware wallets
- Other useful tools for trading RIK
- Frequently Asked Questions
- Latest News for RIK
- RIK Price Prediction and Price Movement
What is RIK?
What is Rikeza Chain?
Rikeza Chain is an innovative solution to bring programmability and interoperability to Rikeza Chain. Rikeza Chain relies on a system of PoA consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.
Please read the FAQ to get started.
What can I do with Rikeza Chain? The purpose of the new blockchain and DEX is to create an alternative marketplace for issuing and exchanging digital assets in a decentralized manner.
You can: Send and receive RIK Issue new tokens to digitalize assets, and use Rikeza Chain as underlying exchange/transfer network for the assets.
For developers, you can also: Rikeza Chain, RIK boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here was to leave the high throughput of Rikeza Chain intact while introducing smart contracts into its ecosystem.
Because RIK is EVM-compatible, it launched with support for the rich universe of Ethereum tools and DApps. In theory, this makes it easy for developers to port their projects over from Ethereum. For users, it means that applications like MetaMask can be easily configured to work with TC. Seriously – it’s just a matter of tweaking a couple of settings. Check out Use MetaMask or R Walletfor Rikeza Chain to get started.
You can: Send and receive RIK Explore the transaction history and blocks on the chain, via RIK SCAN, API and node RPC interfaces.
Developers can also: Issue new tokens to digitalize assets Run a full node to listen to and broadcast live updates on transactions, blocks, and consensus activities Develop wallets and tools to help users use Dapps Get Started Want to try it Rikeza Chain? Just give a peek at the first few of pages of the getting started guide. You could also have a read through the FAQ.
Want to develop on Rikeza Chain? First, read through the FAQ and learn about tokens here.
Asset Management RIK20 Asset A token protocol on RIK which is compatible with RIK20. It extends RIK20 and contains more interfaces, such as getOwner and decimals. Read the full proposal here: https://github.com/RIKEZAMAINNET/go-rikeza
Rikeza Chain is ready for other projects to migrate their tokens to take advantage of performant transactions with more liquidity options and native marketplace features. More information about how projects can set themselves up for this (via rikscan.com or partners) will come soon.
Technology Details Continue reading below if you are interested in what is happening under the hood!
Rikeza Chain as a Block Chain: about consensus, software stack, network layout and roles. Run a Rikeza Chain full node: how to run a full node and become part of the p2p network of Rikeza Chain. Our support can be reached at 365/24/7: [email protected]
Who Are the Founder of Rikeza?
Rikeza (Rikeza Blockchain Ltd) was launched in November 2021. Rikeza was founded by Mohit Shukla and Team, two experienced blockchain developers and a business consultant.
The team included founder of Rikeza. Akshay Kumar a full-stack developer and blockchain engineer and played an integral role in implementing Web3.
Founder and Chief executive officer of Rikeza, Mohit Shukla is a blockchain programmer and entrepreneur. Before jointly starting Rikeza Blockchain Ltd. , Mohit Shukla had served as the Director of Study'n'Learn, and the Chief executive officer of P2P Software's.
Introduction of Rikeza Chain
Rikeza Chain relies on a system of PoA consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.
The Rikeza Chain also supports EVM-compatible smart contracts and protocols. Cross-chain transfer and other communication are possible due to native support of interoperability. RIK Exchange remains a liquid venue of the exchange of assets on both chains. This dual-chain architecture will be ideal for users to take advantage of the fast trading on one side and build their decentralized apps on the other side.
The Rikeza Chain will be: EVM-compatible: Supports all the existing Ethereum tooling alog with faster finality and cheaper transaction fees. Interoperable: Comes with efficient native dual chain communication; Optimized for scaling high-performance dApps that require fast and smooth user experience. Distributed with on-chain governance: Proof of Staked Authority brings in decentralization and community participants. As the native token, RIK will serve as both the gas of smart contract execution and tokens for staking.
RIK was first tradable on 8th Mar, 2022. It has a total supply of 10,000,000,000. As of right now RIK has a market capitalization of USD $2,726,480.82. The current price of RIK is $0.000273 and is ranked 3198 on Coinmarketcap and has recently surged 56.78 percent at the time of writing.
RIK 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 USDT 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 RIK.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, USDT (USDT). 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 USDT 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 USDT, 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 USDT to an Altcoin Exchange
But we are not done yet, since RIK is an altcoin we need to transfer our USDT to an exchange that RIK can be traded. Below is a list of exchanges that offers to trade RIK in various market pairs, head to their websites and register for an account.
Once finished you will then need to deposit USDT to the exchange from UpHold. After the deposit is confirmed you may then purchase RIK from the exchange view.
Last Step: Store RIK 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 RIK 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 RIK with cash?
There is no direct way to buy RIK with cash. However, you can use marketplaces such as LocalBitcoins to first purchase USDT, and finish the rest of the steps by transferring your USDT 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 RIK 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 RIK 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.