How to Buy Raydium (RAY) in 2024

How to Buy Raydium

The easiest way to buy Raydium is to purchase it online from a crypto exchange. Exchanges make it easy to buy and sell Raydium and other cryptocurrencies directly from your smartphone, tablet or computer. Check out our recommended platforms below and follow the steps to safely buy Raydium.

1. Choose a platform

The first step is to look for a broker or exchange that supports RAY. You should find a platform that offers all the features you want and that you can navigate easily. Take a look at the following section to see a shortlist of the top platform reviews that offer RAY. Or, if you want to get started now, simply sign up with our top choices below.

2. Create and fund your account 

Create an account with your chosen platform by providing any contact details required in the sign-up process. Regulated platforms tend to have a KYC process, which may involve you having to prove your identity with a photo ID. Once you have done that, select one of the supported payment methods and make a deposit.

3. Buy Raydium

Search the platform for RAY. If RAY is only available in a trading pair with another cryptocurrency (such as BTC or USDT) you will have to buy that cryptocurrency first. Create a market order to buy straight away at the current price or a limit order to specify a price to buy at in the future. Enter how much you want and click “Buy”.

Where to Buy Raydium?

Although there are a lot of crypto platforms around, they differ in terms of factors such as fees and security. The safest platforms to use are regulated ones with a strong reputation. We’ve already curated and compared the best platforms that offer RAY for you.

Things to Consider When Buying Raydium

A prudent investor will weigh up all the pros and cons of a potential investment before parting with any of their money. To help you make a more informed decision, we’ve provided some key details about Raydium to consider before investing.

• DeFi Growth. The sector of decentralised finance has seen an explosion in popularity over recent years. In February 2021, the total value locked in the sector reached over $42 billion—an incredible increase from the $1 billion in TVL a year before. Raydium taps into this lucrative space by providing services for traders, liquidity providers, and yield farmers.

• Solana’s Efficiency. Most DeFi applications are on the Ethereum blockchain, which means that they can suffer from the high fees and slow transactions that come with Ethereum’s lack of scalability. Raydium, meanwhile, is built on the high-performance Solana blockchain and leverages Solana’s Serum DEX to provide higher liquidity and the best prices for swaps.

• Incentivised Token Economy. There is a finite supply of RAY, 30% of which has been allocated to partnerships and developments to expand the Raydium ecosystem. RAY holders can vote on some protocol decisions and stake their tokens to receive protocol fees and other benefits. This utility could create demand for RAY and make it more valuable as the project grows.