Home < How to Buy Rocket Pool: Invest in RPL Tokens Today!

How to Buy Rocket Pool: Invest in RPL Tokens Today!

habeebade
| Updated: 10 August 2021

Rocket Pool is a decentralized staking protocol that was developed specifically for Ethereum 2. It was meticulously designed to belong to and be controlled by its community. Additionally, Rocket Pool was created so that large financial institutions and minor cryptocurrency holders can have equal opportunities. 

With this guide, cryptocurrency newbies and veterans can learn how to buy Rocket Pool in a simplified and secure manner. All you need to do is follow the steps and you’ll be good to go.

Contents

How to Buy Rocket Pool – Quickfire Walkthrough to Buy Rocket Pool in Less Than 10 Minutes 

The process of how to buy Rocket Pool is relatively straightforward, and more so when you use a Decentralized Exchange like Pancakeswap. You can buy your Rocket Pool tokens with Pancakeswap in less than 10 minutes, and all you have to do is follow the guide below. 

  • Step 1: Download Trust Wallet: Trust Wallet is an excellent wallet for buying and selling cryptocurrency. It also supports Pancakeswap, making it super easy for cryptocurrency enthusiasts to buy and sell Defi coin. Simply head to your App or Google Play Store to download and install Trust Wallet for free. 
  • Step 2: Search for Rocket Pool: On your newly installed Trust Wallet page, you can look up Rocket Pool by typing it in the bar at the top right corner. Trust Wallet will display Rocket Pool alongside the numerous other tokens available. 
  • Step 3: Add Cryptocurrency to Your Trust Wallet: Since you have just downloaded and installed your wallet, it will be empty. You can deposit cryptocurrency in the wallet by buying directly with your credit/debit card or transferring from another source. However, if you already own some digital currencies, you can easily swap them for Rocket Pool. 
  • Step 4: Connect to Pancakeswap: If you have successfully deposited cryptocurrency tokens in your Trust Wallet, you can now connect to Pancakeswap to buy Rocket Pool. First, locate the ‘DApps’ icon on your Trust Wallet page, look up Pancakeswap and select it from the displayed options. Then, click ‘Connect,’ and you can now begin to trade seamlessly. 
  • Step 5: Buy Rocket Pool Coins: Now, you can buy Rocket Pool coins with ease. Simply find the ‘Exchange’ icon, which produces a ‘From’ tab. Here, you choose the cryptocurrency token you plan to use to buy Rocket Pool. It has to be an established coin like BNB, ETH, or BTC; however, Ethereum is the best option because Rocket Pool is based on its blockchain. Next, move to the other side, which contains the ‘To’ tab.

Here, you will select Rocket Pool and the number of tokens you want, and hit ‘Swap’ to complete the trade. You have just bought some Rocket Pool tokens, and they will reflect in your Trust Wallet shortly. 

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Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile. 

How to Buy Rocket Pool – Full Step-By-Step Walkthrough 

If you are an experienced cryptocurrency trader, then our quickfire guide on how to buy Rocket Pool will be sufficient. However, if you have never purchased digital currencies or used a DEX like Pancakeswap, then you will need a more in-depth explanation on how to invest in this growing Defi coin. 

Whatever the case may be, we are confident that both cryptocurrency veterans and newbies alike can benefit from our full walkthrough on how to buy Rocket Pool. 

Step 1: Download Trust Wallet

Trust Wallet makes learning how to buy Rocket Pool much easier. This makes it the perfect app for the exchange. Pancakeswap is a great DEX for buying Rocket Pool, not least because you can access it via Trust Wallet. You can download Trust Wallet on your iOS or Android device and connect to Pancakeswap swiftly. 

After downloading the wallet, set it up and choose a strong password. Also, please take note of the 12-word passphrase Trust displays uniquely for you, as you can use it to access your wallet in special circumstances (e.g. you lose your phone).

You also have to store the passphrase somewhere safe, because your coins can get compromised if someone has access to it. 

Step 3: Add Cryptocurrency Assets to Your Trust Wallet 

Since you cannot trade with an empty wallet, you will need to deposit cryptocurrency tokens into your Trust. Typically, there are two ways to go about it.

They include the following:

Send Cryptocurrency Tokens From an External Source 

If you already have some cryptocurrency tokens in another wallet, then you can simply transfer some to Trust. It’s a simple process that you can complete within minutes by following these steps:

  • First, you need to open your Trust Wallet and select ‘Receive.’
  • Trust Wallet will display a list of digital currencies, and you can choose the one you intend to transfer from your other cryptocurrency wallet. 
  • Select a token and copy the address Trust Wallet gives you. 
  • Next, open your external wallet and paste the copied address in the ‘Send’ bar. 
  • Choose the token, quantity, and complete the transaction. 

Your newly transferred cryptocurrency tokens will reflect in your Trust Wallet within a few minutes. 

Buy Cryptocurrency With Your Credit or Debit Card 

Alternatively, you can choose to buy with your credit or debit card. Typically, this option is more suitable for cryptocurrency newbies who do not already own digital assets. However, you will have to complete a Know Your Customer (KYC) process first.

This is required because you will be buying your tokens with fiat money, and Trust Wallet does not permit anonymous purchases of this sort. You simply have to provide some personal details alongside a government-accredited identity card like your driver’s license or passport. 

You can now buy your tokens. It’s a straightforward process, and you can complete it in minutes.

Here’s how:

  • Search for the ‘Buy’ icon on your Trust Wallet. The wallet will immediately present a diverse list of cryptocurrencies available, and you can choose the coin you want to purchase. 
  • There are different options, but it is better to go for an established coin like Ethereum. 
  • When you complete the process, you can choose the quantity you want and complete your trade. 

You will receive the tokens shortly. 

Step 3: How to Buy Rocket Pool Via Pancakeswap 

Now that you have deposited some digital assets in your Trust Wallet, you can now use Pancakeswap to buy Rocket Pool. It is a simple process that you can complete in a few minutes by following these steps:

  • Find the ‘DEX’ tab and choose ‘Swap.’
  • Locate the ‘You Pay’ section and choose the cryptocurrency tokens you wish to exchange for Rocket Pool. Note that it has to be coins you already own, like the ones you bought or transferred earlier. 
  • Move on to the ‘You Get’ section and choose Rocket Pool. Also, select the number of tokens you want, and complete the transaction.

You will find your Rocket Pool coins in your Trust Wallet.

Step 4: How to Sell Your Rocket Pool Tokens

Knowing how to buy Rocket Pool tokens will not be enough if you intend to become an expert cryptocurrency trader. You will also need to understand how to sell the tokens so you can realize your profits. 

You can sell the tokens through one of these two ways: 

Exchange Your Rocket Pool for Another Cryptocurrency Asset

A reliable way to sell your Rocket Pool tokens is to swap them for another cryptocurrency asset. You may choose to trade them for a digital currency of higher or lesser value. Pancakeswap is equally useful for exchanges like this. You can follow the third step on how to buy Rocket Pool, but with a few changes.

Opt for ‘You Pay’ instead of ‘You Get,’ and this time, Rocket Pool will be your base cryptocurrency. You can then choose the new digital tokens you want from the ‘You Get’ section. 

Sell for Fiat Currency

Alternatively, you can sell the Rocket Pool tokens for fiat money. However, it is a centralized system of trading, but also straightforward nevertheless. 

Binance and Trust Wallet are in great sync. Hence, you can rely on Binance for this trade. You will have to send the tokens to the Binance exchange before you can sell them. 

Since you will be selling the tokens for fiat currency and withdrawing to your bank, you will have to complete Binance’s KYC process first. 

Where Can You Buy Rocket Pool Tokens Online?

Rocket Pool provides a sure-fire way to make money by staking your tokens; hence, it already has a fast-growing community. Therefore, finding a place to buy some will not be an issue for you.

However, using a decentralized exchange or DEX like Pancakesswap has numerous benefits, which we discuss below. 

Pancakeswap – Buy Rocket Pool Tokens Through a Decentralized Exchange

Pancakeswap is a DEX, meaning you can trade without an intermediary. You will also be pleased to know that you can find Pancakeswap on your Trust Wallet, which provides you with a seamless way to trade in a decentralized manner and equally store your Rocket Pool tokens. That way, you don’t have to worry about secure storage for your coins. 

With Pancakeswap, you have several opportunities to make money without having to trade the Rocket Pool tokens you hold. Pancakeswap offers users numerous farming and staking opportunities. It is a great way to earn from your idle coins; your RPL tokens contribute to the Ethereum liquidity pool, thereby offering you rewards and interest. 

If you also enjoy the occasional prediction and lottery games, then you can increase your earnings with this DEX. With Pancakeswap, you no longer have to exit your Trust Wallet after a long trading day before you can participate in lottery games. It is a legitimate way to make money as you can win prediction games and cash in on your stakes. 

Aside from Pancakeswap’s straightforward user interface, the DEX also ensures you never have to worry about delayed execution of your transactions – even when there is plenty of traffic on the platform. You also have access to diverse digital currencies, which you can leverage to widen your trading options. Low transaction fees are also a perk of this DEX.

Pros:

  • Exchange digital currencies in a decentralized manner
  • No requirement to use a third party when buying and selling cryptocurrency
  • Supports a sizable number of digital tokens
  • Allows you to earn interest on your idle digital assets
  • Sufficient levels of liquidity – even on smaller tokens
  • Prediction and lottery games


Cons:

  • Might appear daunting at first glance for newbies
  • Does not support fiat payments directly
Buy RPL Now

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile. 

Ways to Buy Rocket Pool Tokens

There are two major ways you can buy Rocket Pool tokens, and you may opt for the one that best suits your needs. 

Buy Rocket Pool With Your Credit or Debit Card 

You can use your credit/debit card to buy Rocket Pool, but you will have to first purchase an established cryptocurrency token. Simply open your Trust Wallet and complete the Know Your Customer process.

Next, input your card information where required, connect to Pancakeswap and exchange your newly purchased tokens for Rocket Pool. 

Buy Rocket Pool With Cryptocurrency

If you already own some cryptocurrency in another wallet, then you can buy Rocket Pool with ease. Copy your Trust Wallet address and paste it into your external wallet.

Next, input the token and quantity you want and transfer it to your Trust Wallet. You can complete the process by connecting to Pancakeswap and exchanging those tokens for Rocket Pool coins. 

Should I Buy Rocket Pool Tokens? 

The question of whether or not to buy Rocket Pool tokens is one that crosses the mind of every cryptocurrency holder. This is not a decision you should take lightly, as it is the determining factor for your potential profit or loss. However, with adequate research, you can rest assured that you are making the right decision. 

While you are researching, you can also consider these features that may endear Rocket Pool to you. 

Growth Trajectory 

As of the time of writing in early August 2021, Rocket Pool has a price of $14.78. It hit an all-time low of $0.09 on 17 May 2019. However, on 09 May 2021, it hit an all-time high of $25.62. Rocket Pool may have encountered a rapid growth trajectory since launch; however, it is built on a solid cryptocurrency project.

As such, some argue that the positive price action experienced by Rocket Pool is due its technological advancements - as opposed to baseless speculation.  Nevertheless, a trader who had bought the coin at its all-time low of $0.09 would have since witnessed up to a 15,000% price increase.

Staking Opportunities 

The essence of the Rocket Pool project is to create a secure platform for staking Ethereum.

  • Staking in cryptocurrency is a way to make money through buying digital assets and setting them aside for the blockchain to validate transactions. 
  • You earn money because your coins are significant in supporting the security infrastructure of the respective network, or in this case, that of Rocket Pool.
  • The income you earn comes in the form of interest, and the rate varies from one platform to another. 

With Rocket Pool, you can choose to stake your Ethereum tokens by running a node or opt for an rETH tokenized model. 

Established Cryptocurrency Project

Rocket Pool was launched in 2016 and has had a lot of time to perfect its features. For instance, it has a feature that distributes losses incurred through defective nodes across all Rocket Pool holders. That way, no single person has to suffer the loss in question. 

Additionally, the protocol designed its smart contracts to adapt to upgrades and innovations easily. That way, the smart contract has enough room to satisfy its users through numerous possible upgrades. 

Price Prediction 

Cryptocurrency traders are already familiar with price predictions. However, experienced traders know not to take them to heart because they are products of market speculations and FOMO (Fear Of Missing Out) analysis.  Digital assets are highly volatile, and their prices change because of numerous factors.

Rocket Pool price predictions are sometimes close. However, in most cases, they are wrong. In all cases, they are not backed by tangible data. As such, they should never be your sole reason for purchasing Rocket Pool, meaning you should always research properly.

Risks Of Buying Rocket Pool 

Buying a digital asset comes with a level of risk, as cryptocurrency is quite volatile. The price is hardly stable; many factors influence it.

  • One of the risks of buying a digital asset is that it can plummet at any time. Alternatively, it can also shoot up in minutes. 
  • Volatility makes cryptocurrency trading risky, but there are ways you can mitigate these risks.
  • It will certainly pay to research deeply before buying your Rocket Pool tokens; find out the basis of the project and what it aims to achieve. 
  • You should also make it a habit to buy diverse coins. That way, you won’t be depending solely on your Rocket Pool tokens.

Periodic purchases also help. That is to say, consider buying when the market seems low and favorable, and purchase those tokens in small quantities. 

Best Rocket Pool Wallets 

Storage is equally as important as learning how to buy Rocket Pool tokens. If you store your coins carelessly, you stand the chance of losing them to hackers. As such, you should consider security, accessibility, and user-friendliness before you settle for a wallet for your Rocket Pool tokens. 

To help you narrow down the search, these are the best Rocket Pool wallets for 2021:

Trust Wallet - Overall Best Wallet For Rocket Pool Tokens 

Security, ease of access, and user-friendliness are all features of a great wallet, and Trust has them all.

  • You can download the wallet from the App or Google Play Store for free.
  • Trust Wallet is also relatively easy to use, even for cryptocurrency newbies looking to store Rocket Pool tokens for the first time. 
  • Trust Wallet has solid security features and a backup system in place. You first have to choose a strong password and note the seed phrase Trust Wallet gives you.

You can use your seed phrase to access your wallet if you forget your password or misplace your mobile device. 

Ledger Wallet - Best Rocket Pool Wallet for Security 

The Ledger Wallet is a hardware option that prioritizes security. You need to physically enter your PIN before you can carry out transactions. It also provides a recovery sheet that you can use to retrieve your account.

It stores your Rocket Pool tokens offline, which protects them from hacks or phishing schemes. So whether you are buying a large or small quantity of Rocket Pool, you can rely on the Ledger Wallet to keep the tokens safe for you. 

Atomic Wallet - Best Rocket Pool Wallet for Convenience 

Atomic Wallet is the most suitable Rocket Pool wallet in terms of convenience because you can access it on your Android or iOS devices. You can also use it on your system. 

The Atomic Wallet was designed to store over 300 cryptocurrency tokens, which means that it can conveniently handle the diverse coins you may be looking to invest in.

That way, you don’t have to worry about obtaining multiple wallets. Atomic Wallet is also very secure and easy to navigate. 

How to Buy Rocket Pool - Bottom Line

Rocket Pool is a Defi coin that you can easily purchase with a DEX like Pancakeswap. The guide has simplified the process for you, and you can now buy Rocket Pool tokens whenever and wherever you want. 

Start by getting Trust Wallet and set it up accordingly. Then, connect the wallet to the Pancakeswap DEX and buy Rocket Pool. The process is as straightforward as it appears. 

Buy Rocket Pool Now via Pancakeswap

 

 

Buy RPL Now

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.

FAQs

How much is Rocket Pool?

As at early August 2021, which is the time of writing, one Rocket Pool token is just over $14.

Is Rocket Pool a good buy?

You may consider Rocket Pool to be a good buy, but this should be after personal research. That is the only way you can make informed decisions.

What is the minimum Rocket Pool tokens you can buy?

You may choose to buy one Rocket Pool token or even less than that because you can purchase cryptocurrencies in tiny units.

What is the Rocket Pool all-time high?

Rocket Pool hit its all-time high of $25.62 on 09 May, 2021.

How do you buy Rocket Pool tokens using a debit card?

You will first need to download Trust Wallet, which is available on the App or Google Playstore. Next, install it and complete the required KYC process. You can then input your card details where necessary and buy your base cryptocurrency tokens (for example, ETH). Go further by connecting Trust Wallet to Pancakeswap, and exchange your base cryptocurrency for Rocket Pool tokens.

How many Rocket Pool tokens are there?

There are over 10 million Rocket Pool tokens in circulation. However, the project has a total supply of over 17 million coins.

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