Last update: Jun 6, 2022

How to Buy Request Network (REQ)

So you’re looking for a guide on how to buy Request Network. Depending on where you live, you’ll have various crypto exchanges to choose from.

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

Let’s get started!

How to Buy Request Network – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency 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 Request Network of course.

2. Sign up with the crypto 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 exchanges.

4. Buy Request Network

Now that you have what you need to buy Request Network, head over to the market or buy section of the cryptocurrency exchange and buy some REQ.

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

Where to Buy Request Network (REQ)

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

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 Request Network

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

 

How to Buy Request Network (REQ) 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 Request Network in Australia, the process remains the same:

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

Also, check out our comparison of the safest crypto exchanges in Australia for those looking to learn more about which exchanges we would recommend.

How to Buy Request Network (REQ) 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 Request Network 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 Request Network if it’s available. If the exchange doesn’t have Request Network. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Request Network), and trade your ETH for Request Network.

If you’d like to know more about the exchanges we prefer, read our list of the cryptocurrency brokers in Canada.

How to Buy Request Network (REQ) 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 Request Network 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 Request Network if it’s available. If the exchange doesn’t have Request Network. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Request Network), and trade your ETH for Request Network.

It’s also possible to check out our comparison of the top rated UK crypto exchanges for those looking to learn more about which exchanges we like.

Considering buying Request Network? REQ Rundown

The Request (REQ utility token was launched in 2017 and ensures the stability and performance of the Request Network. The Request Network is an Ethereum-based, decentralized payment system that allows anyone to request payment and receive money via secure means. It eliminates the need for third parties to offer a more cost-effective, secure payment solution that can be used with all global currencies.

A user can create a payment request. They will specify the address to which the payment should be sent and the amount. A user can also set the terms and conditions for the payment. This allows them to transform a request into an invoice. After this step is complete, the user can send their request for payment to their counterparty.

Each step is documented and stored on a Request network. This allows everyone to keep track of invoices and payments and for accounting purposes.

To ensure compliance with trade laws in each country, request is integrated into the legislation.

Payments on Request can be made by sending an invoice via the blockchain. The counterparty can then identify the request and pay it in one click, peer-to-peer. Request has one of the most important advantages: The payments are not pulled-generated but push-generated. Users don't have to share their account information. Blockchain technology can also reduce transaction costs by eliminating the need to use third-party processors.

Apps that build stuff people want using Request Network open source protocol are another key benefit for their users. Users can interact with a variety of financial tools that work together. Apps can interact with each other, which is the opposite of the siloed and capitalistic web2 industry. An app can be used to create an invoice for a company. The payment request is sent to a second app, which allows it to be paid. Once the payment request has been received, the invoice can be drawn on instant financing via a third DeFi app

The Request Network uses decentralized blockchains like IPFS and Ethereum to provide an enhanced level of privacy, security, and data ownership for end-users. Transaction fees are a cost associated with broadcasting a change to the Blockchain Network. Transaction fees are used as an incentive to miners to agree on the state the network is in.

You can store REQ in wallets like Metamask and MyEtherWallet.

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