Note: Reddcoin is not yet live for trading, but we would add it soon. Till then, sign up and explore seamless trading at Bitbns.
Simple Steps to Buy Reddcoin (RDD) in India:
Users can Sign Up for a free Bitbns account and will have to register with email id and enter personal information to get started.
Then by clicking on the activation link received at the email address indicated, Bitbns account will get created. Next, PAN card, bank account details and Aadhaar card documents should be uploaded. This process enables Bitbns in following KYC guidelines.
After KYC documents validation (takes only 30 minutes), investors will be notified about account activation via email.
using NEFT/RTGS/IMPS or UPI investors can send funds to their Bitbns account and begin purchasing Reddcoin (RDD) instantly.
Transfer of Reddcoin (RDD) from/into Bitbns account to other wallets is also possible within 10 minutes on the Bitbns website.
Reddcoin [RDD] is a cryptocurrency that was created in May 2014 with more grief than glory, they call it the social currency since it aims to 'enrich' the social life of people according to its official website, it does it through a button that is integrated into your social networks so that the process of sending and receiving money is fun and good for everyone, we have more features such as: the PosV (Speed Test) algorithm, Tip Platform, Redd-ID and the ReddWallet.
This cryptocurrency is based on a new type of algorithm, called 'PoSV' which means 'Proof of Stake Velocity'; and that basically promotes both 'ownership' (Stake) and 'activity' (Velocity). It solves existing problems in other older algorithms such as 'POS' and 'POW'. It also has a platform called 'TIP', which allows the movement of this cryptocurrency through social networks, both through transfers between participants, and to make micro-donations for contributions in the content in them.
The ReddCoin (RDD) can be used by anyone connected to the vast world of social networks from anywhere in the world, so users add the option to donate money to their favorite accounts in the form of the ReddCoin button allowing them to make in an easy way. A very interesting use could be for example as a form of collection for a project, donations, etc.
Bitbns is a major Indian based cryptocurrency exchange, specialised for trading. Bitbns facilitates trading of Bitcoin and many other altcoins, including Ripple, Ethereum, NEO, GAS and Stellar. Bitbns is the leading Indian exchange in cryptocurrency trading.