Buy, Sell, & Trade FEI
Exchange FEI with USD and Cryptocurrency
With the ever-present volatility of the cryptocurrency markets, it is sometimes a good idea to shelter your investment in a stablecoin like FEI. Rubix makes it easy to buy and sell FEI at your convenience, whether at home on your laptop or on the move on your smartphone. A Rubix account gives you the ability to trade cryptocurrency rapidly, securely and easily.
The Fei USD protocol is a decentralized stablecoin project that aims to use new innovations to improve upon the stablecoin concept. To keep its native coin, FEI, as close as possible to the USD exchange rate, it uses a stability mechanism called Protocol Controlled Value (PCV), in conjunction with other innovative mechanisms.
FEI is an ERC-20 token. Its aim as a decentralized stablecoin is to maintain a more efficient and fair capital distribution than other projects. One of FEI’s main differences from other stablecoins is that its supply is in theory almost unlimited; token release is controlled by Minter and burner contracts through bonding curves and trade incentives.
Who created FEI?
The Fei protocol is a relative newcomer to the crypto world; it was launched by Joey Santoro, Brianna Montgomery, and Sebastian Delgado on March 31, 2021. Before launching, the Fei protocol raised $19 million, mostly from major industry venture capital firms. During the launch phase, users were able to buy tokens at discounted rates starting at $0.50. Once the discount phase was ended, investors were asked to invest $1.01 in ETH to receive $1.00 worth of FEI, allowing the protocol to build large reserves of ETH, enabling fast and efficient issuing of the stablecoin to users.
How do I exchange and trade Fei USD?
You can trade your FEI by dealing directly with someone who wants to buy or sell it from you, but that can be time-consuming and not entirely secure. So, when trading and exchanging FEI, or any cryptocurrency, it is best to use a reputable cryptocurrency exchange. Rubix is one of the best options for this, with its industry-leading security and easy-to-use app. Once you have selected an exchange, you can follow some basic steps to begin buying, trading and selling:
First, you need to create an account online, by providing your email, a password and usually some details to verify your identity. Once that’s done, you can access your account through your web browser or smartphone. After that, it should be simple to use the app to make your trades.
Exchange FEI using Rubix
Rubix is designed with user experience in mind and prioritizes user privacy, while at the same time the app is easy and safe to use. Its bespoke account provides secure transfer functionality and easily and safely manages bank transfers worldwide. In addition, Rubix has a comprehensive offering of cryptocurrencies, with dozens already supported and more being added all the time.
Using your credit or debit card, it is easy to purchase FEI stablecoins to shelter your investment money. You can then store it in the exchange’s wallet or, should you choose, move to your own cold wallet. Once you want to cash in or trade, you can sell them for your preferred currency and receive the funds straight into your bank account or trade directly for the tokens of your choice on the app.