Last update: Jun 6, 2022

How to Buy Raydium (RAY)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Raydium. Depending on where you live, you’ll have various crypto trading platforms to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Raydium

How to Buy Raydium – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a crypto exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Raydium of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto trading platforms.

4. Buy Raydium

Now that you have what you need to buy Raydium, head over to the market or buy section of the crypto exchange and buy some RAY.

If the crypto exchange doesn’t have any Raydium on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Raydium first), and trade your Ethereum for Raydium.

Where to Buy Raydium (RAY)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Raydium

  1. Sign into the cryptocurrency exchange where you bought Raydium.
  2. Move your Raydium to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Raydium.

 

Crypto trading

How to Buy Raydium (RAY) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Raydium in Australia, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Raydium if it’s available. If the exchange doesn’t have Raydium. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Raydium), and trade your ETH for Raydium.

It’s also possible to take a look at our analysis of the better exchanges for trading crypto in Australia for those looking to learn more about which ones we prefer.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Raydium (RAY) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Raydium in Canada, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Raydium if it’s available. If the exchange doesn’t have Raydium. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Raydium), and trade your ETH for Raydium.

Alternatively, if you want to know more about the exchanges we recommend, look at our comparison of the safest crypto exchanges in Canada.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Raydium (RAY) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Raydium in the UK, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Raydium if it’s available. If the exchange doesn’t have Raydium. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Raydium), and trade your ETH for Raydium.

It’s also possible to take a look at our analysis of the best bitcoin trading platforms in the UK for those curious to know more about which ones we prefer.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Raydium? RAY Rundown

Raydium (RAY), functions as both an on-chain orderbook and AMM (Automated market Maker). The system includes an advanced AMM protocol and liquidity pools. It also features a proprietary cryptocurrency and many ways to secure yields. Raydium is an innovator in the market, being the first AMM to combine the scaleability of the fourth generation Solana blockchain and a DEX (decentralized exchange) limit order book.

Raydium was created to address a wide range of problems. Raydium's simple design and familiar features make it easy to use. Raydium offers a wide range of tools that CEX users can use. Raydium facilitates the transition to DEX markets and helps drive DEX adoption. Trading options for traders via DEXs are peer-to-peer and non-custodial. They are more secure than CEXs (central exchanges) and also cheaper.

Data theft is on the increase. In the past year, there have been billions of dollars in data theft. Raydium does not require that users provide this information in order to use its features. Therefore, hackers cannot target Raydium's data.

A lack of liquidity has been caused by the fragmentation of the DEFI sector. Each network functions as an ecosystem. Raydium works in tandem with Serum to help traders overcome this problem. Raydium traders have unlimited liquidity and order flow via the Serum DEX.

Another issue that has hindered crypto adoption is high fees. Record congestion has caused fees to rise for Ethereum, the largest DeFi network worldwide. Raydium is a secure alternative for Ethereum-based DEXs. For both makers and takers, the protocol charges a modest fee of 0.25 percent. The average transaction cost for sending RAY, the protocol utility token, is $0.01. Notably, 88% are distributed to the community through the liquidity pool.

Raydium offers a number of unique benefits to the DeFi industry. Raydium leverages a central ordering book, which makes it easier for traders to use on platforms such as Binance and Coinbase. Users can earn passive rewards through the network in a variety of ways, including farming and stake options.

Raydium is far ahead of the rest in terms of scaling. Because of its linear scaling, the developers chose to use the Solana Blockchain. 65,000 transactions per second have been recorded by the network. It also has 400ms block times. Ethereum, on the other hand, can only handle 15 tps at a block time 13 seconds.

Raydium is a centralized exchange that was designed from the ground up, but offers all the advantages of DEXs. You can use the interface to view powerful trading charts, real-time data and to help you manage your assets better. The platform's features are clearly visible, which makes it easier for new users to navigate the platform more efficiently. You will find familiar features such as limit orders which are normally only available to CEXs.

Raydium, the first AMM within the Solana ecosystem plays an important role in helping new projects achieve liquidity. This protocol aims to fulfill the same function as Uniswap for Ethereum, allowing new projects to raise funds in an open and transparent way.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.