With users looking to diversify their crypto assets, Reef Finance coin (now rebranded to just Reef) is one opportunity that’s been trending online. Built on Polkadot, the native Reef token (ticker symbol REEF) has an over $65 million market capitalization – today ranked #300 on CoinMarketCap.
For those wondering ‘where can I buy Reef crypto’ – this guide reviews the best crypto exchanges Reef is listed on, and how to buy Reef crypto step by step. We will also analyze the Reef crypto price and make some price predictions for future years.
How to Buy Reef Crypto – Quick Steps
Below is a quick step-by-step process on how to buy Reef crypto with Crypto.com:
- Register with Crypto.com – Visit the Crypto.com website to create a free account, complete the quick registration process, and choose an email and password. A mobile app can also be downloaded via the Crypto.com exchange site to trade on the go.
- Verify Account – Users can upload a photo ID to verify their account. Investors may then set up 2FA verification to enhance safety on the account.
- Search for Reef Coin – Users can search for Reef coin on Crypto.com’s navigation bar at the top of the exchange window.
- Buy Reef Coin – The final step is to then deposit funds and enter the amount of Reef to purchase as a limit order or market order. Currently, one REEF token is priced at around $0.0033.
Where to Buy Reef Crypto – Best Platforms
To buy Reef coin, users may want to evaluate the crypto platforms that let users invest in the Reef cryptocurrency, among other altcoins. The sections below review two popular crypto exchanges where it’s possible to invest in Reef coin:
1. Crypto.com
Users can buy the Reef token from Crypto.com – one of the most popular crypto exchanges in the world. 
Launched in 2016, Crypto.com offers more than 250 crypto assets to 50 million + users.
If investors want to diversify investments, Crypto.com offers multiple investment opportunities besides Reef crypto. Users can buy Ethereum, Cardano, Doge, and numerous altcoins with Crypto.com.
Furthermore, Crypto.com is one of the best crypto staking platforms to earn interest on digital assets. With Crypto.com Earn, users can lock up their crypto assets for a minimum 3-month lockup period. The platform offers up to 14.5% APY (annual percentage yield) on cryptos and stablecoins.
Another unique aspect of Crypto.com is the ability to purchase CRO – the platform’s native token. Users can earn 2% additional interest by holding a certain amount of CRO in their portfolio. A cost-effective broker, Crypto.com lets users save money when buying Reef tokens with their local VISA card.
Investors can earn up to 5% – 8% when buying cryptos with the Crypto.com VISA card. On the other hand, a regular credit card purchase may end up being expensive since it attracts a 2.99% transactional charge.
This crypto platform charges a maker/taker fee per transaction – coming to 0.4% per trade. The Crypto.com platform comes packed with multiple features.
Users can access the platform’s NFT marketplace, which lets users create, buy and sell non-fungible tokens. Another feature offered is the Crypto.com wallet – a decentralized platform that gives users ownership of their private keys.
Furthermore, a DeFi (Decentralised Finance) wallet is also offered – a non-custodial wallet that provides users with multiple DeFi features and products. It’s also a great NFT wallet, that supports storing Ethereum-based NFTs.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
2. Binance
Binance is popular for being the best crypto exchange with the largest trading volume globally. 
This crypto exchange offers 600+ cryptocurrencies to invest in. In addition to buying Reef crypto, users can stake other cryptos, conduct P2P trades, and leverage their investments with margin trading.
Binance offers some of the most elaborate crypto trading options to customers. The platform offers swap and top yield farming options, making it a highly liquid platform.
For beginners, this crypto exchange offers Binance Academy – an online educational platform packed with blockchain-based research, tutorials, and articles. Binance also offers an NFT marketplace where users can invest in a variety of NFTs and stand a chance to win different rewards and prizes.
A low-cost broker, Binance charges a maker/taker fee beginning at 0.1% per transaction. This may be reduced by 25% by holding BNB tokens – the platform’s native token. Additionally, Binance offers the Trust Wallet – a decentralized wallet packed with some of the best utility tokens, Ethereum blockchain tokens, and more.
Beginner investors are free to access the demo account – a method to trade cryptocurrencies with virtual money. Binance offers 10 BTC and 100 ETH tokens to get started in the demo account.
The slight drawback of Binance is the transactional fees when purchasing cryptos. Users must pay a hefty 4.5% commission when buying cryptos with credit cards. However, wire transfers and local bank transfers are also supported.
For those interested in cryptocurrency trading, our Binance review provides a comprehensive and informative guide on one of the most widely used and popular crypto exchanges available.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
What is Reef Crypto?
Reef is a Reliable, Extensible Efficient Fast layer-1 blockchain that has been built on the Polkadot chain. 
The Reef network is a cross-chain crypto operating system that facilitates the transfer of tokens and liquidity between different blockchains.
The Reef coin has been built on the Substrate Framework and aims to provide high scalability and low transaction costs. Reef supports EVM (Ethereum Virtual Machine), which lets the network migrate various DApps (Decentralised Applications) from the Ethereum network.
The platform runs on NPoS (Nominated Proof of Stake) – a blockchain consensus that applies stakeholders voting to select which nodes can participate in the validation of new blocks. The Reef token is the native token of the Reef network (formerly Reef Finance).
The Reef crypto asset is used as a utility token for collecting fees when processing transactions to enable the smooth flow of operations on the Reef blockchain. Users and developers looking to run validator nodes on the Reef platform can also stake Reef tokens.
Reef tries to deliver on the promise of smarter crypto trading by offering two key processes:
- Supports trading of assets by functioning as a global liquidity aggregator – by accessing liquidity options from centralized and decentralized exchanges (DEXs).
- Reef token offers smart borrowing, staking, lending, and mining services with the Reef Smart yield farming aggregator.
According to the Reef whitepaper, Reef aims to achieve further interoperability in the future by connecting with Polkadot-compatible chains. These include the likes of Cosmos, Tezos, and ETH 2.0.
Why Buy Reef Crypto
While Reef crypto does not enjoy as high a market cap as the big altcoins in the market, it is providing multiple unique features and opportunities through its fascinating blockchain. Below, we will mention 5 main reasons to buy Reef coin.
Smart liquidity Aggregator
Centralized exchanges are prone to multiple breaches, whereas DEXs provide little liquidity to users. Furthermore, none of these exchanges manage to integrate with DeFi ecosystems directly.
Reef manages to do this by being a global liquidity aggregator. Crypto asset buyers and sellers are connected to different liquidity pools through an AI-driven trading engine. With the smart liquidity aggregator, users can access liquidity from centralized exchanges and DEXs.
Promotes Decentralisation
The Reef network aims to provide decentralization to users without compromising on security. Reef is a decentralized, non-custodial protocol where the assets are controlled directly by the users instead of being stored on a central platform.
Reef does this by providing users with their own private keys to access crypto assets and DeFi protocols. With the availability of yield farming engines, users are provided with higher liquidity without compromising ownership and autonomy.
Scalability
Reef token is designed to be scalable from the ground up. This is an important feature that multiple first-generation smart contract platforms like Ethereum have failed to implement. Therefore, a lack of scalability can lead to various network issues and cause irregular network behavior.
The Reef coin works to build a highly scalable network to try and reduce gas fees and make transactions affordable for customers. The Reef coin acts as the middle-man in all these activities – acting as the utility token to promote interoperability between different blockchains.
Discounted Price
Like the entire crypto industry, Reef has not been prone to the widespread crypto crash that has been caused due to uncertain macroeconomic factors. The Reef coin price corrected throughout 2022 and reached an all-time low (ATL) of $0.028 in May 2022.
REEF price chart 2021 – 2022
The token is currently trading 17% above its ATL as of July 2022. However, the Reef crypto price is still more than 90% below its ATH. Long-term investors can review the Reef token price and look to enter the token if they see fit.
Open-Source Architecture
As mentioned above, the REEF token is built on Polkadot with the substrate framework. The framework is an open-sourced infrastructure project. This means that the Reef network can further go on to build Polkadot-compatible chains on the blockchain.
A Polkadot-compatible chain is an interesting feature for the future of Reef. To increase interoperability, the Reef network is looking to leverage its on-chain architecture and become compatible with various L-1 protocols. The goal is to add on-chain compatibility with popular blockchains such as ETH 2.0, Tezos, and Cosmos.
Reef Crypto Price
The Reef crypto token has a current market supply of over 14.8 million tokens. Since Reef coin is crucial for network management purposes, over 35% of the available tokens are staked and used to validate notes in the network.
As of July 1st, 2022, the Reef coin price is at $0.032 per token. After being launched at a token price of $0.02, the Reef crypto price increased to an ATH of $0.058 in May 2021. However, the token has experienced high volatility since the end of 2021.
The Reef coin price corrected to a low of $0.0028 in May 2022. Since these lows, Reef has gained more than 17% in value. Despite the minor price increase, the Reef token price is 94% below the ATH.
With a current market cap of $65 million, Reef crypto has a market cap ranking of #300 in the crypto sector.
Reef Crypto Coin Price Prediction
Users may be interested to know the future of the Reef crypto price prior to investing. In the sections below, we will review and analyze the Reef coin price prediction for future years.
According to CoinQuora, the price of Reef crypto has the potential to reach $0.038 by the end of 2022. The price prediction quotes a potential 18% increase for the Reef crypto price.
In the long term, CoinQuora states that the 200-day moving average needs to stand for the price of Reef to stay bullish. Should this happen, Reef crypto can potentially trade to $0.1 by the end of 2023. However, CoinQuora states that the coin has to trade at a steady price consistently for this to come to fruition.
Priceprediction.net, an online trading algorithm, predicts the Reef crypto price to reach $0.005 by the end of 2022. This is an 84% decrease from current levels. Priceprediction.net is bearish on the short-term Reef crypto price due to the short-term volatility in the current market scenario.
However, the online website expects the token to reach a potential price of $0.11 by 2030. This suggests a 243% increase from current levels.
Best Reef Crypto Wallet
For users looking to purchase Reef crypto, they can do so with a crypto wallet as well. A crypto wallet allows users to store cryptocurrencies on their own, with a private key.
We recommend the Crypto.com DeFi wallet as one of the best cryptocurrency wallets to use to buy Reef. The crypto.com DeFi wallet is a user-custodial wallet. This gives investors access to their crypto funds by providing private keys.
Thus, funds are stored away from a centralized exchange, which gives users complete autonomy over their assets. Furthermore, users do not need a Crypto.com account to store, receive, and purchase additional cryptocurrency assets.
The decentralized wallet processes all the transactions on-chain and requires paying network fees to incentivize the transaction confirmation.
How to Buy Reef Crypto -Tutorial
For users looking where to buy Reef crypto, we recommend Crypto.com as the best crypto exchange for doing so. This exchange provides over 250 assets and multiple staking options to earn interest on digital assets.
In the sections below, we provide a step-by-step analysis of how to buy Reef crypto with Crypto.com.
Step 1: Register with Crypto.com
Visit the Crypto.com exchange to use the desktop version or find links to download the mobile app there after opening an account.
Investors need to complete a registration process, providing their date of birth and country of residence and verifying their email address. See our guide to the Crypto.com bonus to learn about the referral code option.
Step 2: Verification Process
Users need to verify their accounts to access Crypto.com buy and sell features. A photo ID needs to be submitted and confirmed to continue.
Furthermore, users can set up a 2FA verification with the authenticator app. This allows users to generate a unique 6-digit code to access the account. A face ID can also be set up.
Step 3: Search for Reef crypto
Users can click on the “Buy Crypto” tab to access the available digital assets.
Simply type “Reef” in the search bar to continue.
Step 4: Buy REEF
Finally, users can enter the amount of REEF tokens they wish to purchase. When entering the amount, users can select their payment methods as well. For example, credit cards like VISA and MasterCard are accepted at Crypto.com.
After clicking on “Confirm to Buy”, users can enter their 6-digit passcode and complete the transaction.
Conclusion
The Reef coin is an emerging cross-chain crypto network that offers users the opportunity to access high scalability and pay lesser gas fees on transactions. In this guide, we covered how to buy Reef crypto step by step on Crypto.com and some potential Reef crypto price predictions for the coming years.
Click the link below to get started investing in Reef – also see our latest guide to the best cryptos to watch to keep a diversified portfolio – don’t over-invest in one financial asset.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.