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How to buy Rarible in France
Is RARI a good investment in France?
RARI was released to the market in August 2020 with an initial price of $0.31, and very soon, it could reach $7. Thus, it was a wonderful investment for only a few months. However, it didn’t resume that well and ended the year with a price of $2. Although it seemed that RARI token holders were facing failure, 2021 was very amazing for them because the RARI price reached its highest record of $49 in March of 2021. After this record, the RARI price faced many ups and downs until it ended the year with a value of $13. 2022 started profitably for RARI holders. At the beginning of the year, the RARI price amounted to $23 and then fell again. It couldn’t set any price record and even dropped to $1.84 by the end of the year.
The history of the RARI token shows it was a good investment for its owners several times. However, it was stagnating and might seem uninteresting for people to buy. Furthermore, no one can tell you what may happen to this coin in the following years. But the price predictions may give you a hint about the expected future of RARI. Crypto analysts and experts expect the RARI price to go up again in the next 5 years and may become stable at $10 by 2026 and might reach $17 by 2030. Many also consider RARI a good short-term investment that would have a better profit in one year.
What is Rarible ?
Rarible is the first cryptocurrency dedicated to NFTs, launched in 2020. The main reason for creating such a platform was to secure the digital collections that are designed with blockchain technology. Its focus is on artistic assets. NFTs (non-fungible tokens) allow artists to keep the copyright of their artworks. Rarible works as a marketplace for its users to create, sell or buy digital collections or NFTs. Users can put a preview of their works on this platform, so others check and use their Rarible tokens to purchase the full version.
More information on Rarible official website.
Is Rarible legal to buy in France?
Yes. According to the PACTE Law Act No. 2019-486 cryptocurrencies are legal and considered
to be digital assets. It is estimated that 3.4 million people or 5.0% of France’s total population,
currently own crypto assets.
Is Rarible taxed in France
Yes. According to Article 150 VH bis of the Tax Code, Cryptocurrency capital gains of individual
investors are taxed at a flat rate of 30 per cent and according to Article 150, VH bis, II, A of the
Tax Code, crypto-to-crypto transactions fall outside the scope of the capital gains tax. This
means that according to the mentioned tax code, the taxation is applicable when the
cryptocurrencies are either sold against legal currency or used to purchase a good or service.
This measure simplifies tax accounting and reporting, although individual investors still need to
accurately track their transactions to be able to justify their gains. In addition, according to the
Article 150, VH bis, II, B of the Tax Code, individual taxpayers are not subject to income tax if
the gains do not exceed 305€ per year.
After you've bought Rarible in France
The main purpose of creating the RARI token was to empower Rarible users to vote on different projects and upgrades on this platform. Therefore, after buying RARI you will have the power to make changes to the network. Creating, selling, and buying digital content or NFTs are other uses of RARI coins.
Furthermore, after purchasing RARI tokens you can keep them in a wallet as an investment. However, you should also know that investing in cryptocurrency is risky. We recommend you check the price history and price prediction. Read Rarible white paper and follow top crypto experts to learn more about investing in RARI. Anyhow, if you are a beginner in this world, it is better to start your investment with a moderate amount and think about an exit point for your investment so that you won’t lose much money if the predictions didn’t go well.
Who can buy Rarible in France?
Anyone. Buying cryptocurrency in France is a straightforward process. The faster and more
convenient method to purchase cryptocurrencies in France is through the help of exchanges. It
is worth noting that our exchange supports payment methods such as: Apple pay, Google pay,
Credit Card, Debit Card, Bank Transfer and PayPal in France.
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Payment methods to buy Rarible in France
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Frequently asked questions
Several exchanges support buying RARI coins. If you want to find a trusted, easy-to-use, and cheap exchange to buy RARI, we recommend you BlockTrade. Unlike most exchanges, you don’t need to pay any processing fee on this exchange. Therefore, buying RARI will cost less than other platforms.
Yes. Mind that according to Article 150 VH bis of the Tax Code, the gains made from selling
crypto for euro or any fiat currency is taxed as Flat Tax. If you are an occasional trader, there
are no taxes on buying or holding cryptocurrencies in France. Also, one of the cheapest ways to
handle crypto assets is through our exchange, because we charge ZERO fees for such
According to Article 150 VH bis of the Tax Code, the sale of cryptocurrency for Euros or other
legal currencies is what triggers a taxable event in France. Cryptocurrency owners who hold
onto their crypto-assets without converting them into fiat currency therefore do not have to pay
taxes. Secondly, total capital gains, including those from crypto disposals, up to €305 per year
Rarible is a marketplace for creating, selling, and buying NFT. Therefore, if you are an artist and would like to sell your digital art, the Rarible platform and token will be a good option for you.
The online income tax declaration is now available for everyone. The people who are technically
or otherwise unable to complete an online form may continue to submit a paper form.
Everyone can use the Rarible platform and its token (RAR). However, most of the users of this NFT marketplace are digital artists and content creators. They can use their RARI coins to create digital content, such as a book, music, or artwork. Then, they can put their NFT digital content on this platform and sell it to others.