Find below the answers to the most common questions about the RIF token. When available, we give you links to in-depth articles for further reading.
The RIF token allows token holders to consume the services that are compatible with the RIF architecture on the Rootstock network. Its goal is to enable decentralized sharing economies to flourish in order to empower and protect the value of individuals.
Right now, 1 RIF is worth CHF .
Right now, 1 Swiss franc is equal to RIF.
The price of RIF refers to a global price that is calculated by making a volume-weighted average of its real-time price on many different exchange platforms where it is traded, such as Binance, Bybit, OKX, Coinbase, Kraken, etc.
You never store RIF in itself. Instead, you store the private key giving you access and control over a wallet address that contains RIF. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.
To send RIF, you use a Rootstock wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!
You can buy RIF with us here from Switzerland by card or by sending us local bank transfers in CHF, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy RIF.
You can swap RIF here against one of the cryptocurrencies that we support, using any self-custodial RIF wallet. For more information, have a look at our step-by-step tutorial on how to swap RIF.
To cash out RIF with us, you simply need to transfer your crypto to our address. We'll convert your RIF in CHF, then transfer the funds to your bank account in Switzerland. For more information, have a look at our step-by-step tutorial on how to sell RIF.
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