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How to buy Rai Reflex Index (RAI) in Canada

Learn how to buy Rai Reflex Index (RAI) on 2+ crypto exchanges in our step-by-step guide.

Rai Reflex Index (RAI) is the 1070th largest cryptocurrency by market cap, valued at US$7,421,190.

Rai Reflex Index is a highly volatile asset capable of major price swings in a single day. Today RAI is trading for $2.78 USD, which is lower than yesterday's trading price of $2.80 USD. Over the past year, Rai Reflex Index's price has seen a decrease of -8%.

So before you buy Rai Reflex Index, make sure you understand these unique risks as well as its legal and tax status here in Canada.

If you're ready to get started, read on for step-by-step instructions on how you can buy Rai Reflex Index.

How to buy Rai Reflex Index in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Rai Reflex Index is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit CAD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Rai Reflex Index
    You can now exchange your funds for Rai Reflex Index. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Rai Reflex Index to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Rai Reflex Index in Canada

Find an exchange to buy, sell and trade RAI by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

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Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Coinbase Digital Currency Exchange
Finder Award
Coinbase Digital Currency Exchange
Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

256
cryptocurrencies

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this Rai Reflex Index guide up-to-date

  • RAI price data is regularly updated through data feeds so you always have the latest information.
  • Rai Reflex Index performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy Rai Reflex Index?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Rai Reflex Index?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Rai Reflex Index.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing RAI with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Rai Reflex Index?

Once you've created an account, you will need to deposit funds to buy RAI with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy RAI:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase RAI by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for RAI on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Rai Reflex Index?

The easiest way to buy RAI is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying RAI, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Rai Reflex Index has been performing recently.

Best Rai Reflex Index wallets to store your RAI

You can keep your RAI on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your RAI below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Rai Reflex Index a good investment?

RAI is an independent, non pegged, stable token that is backed by ETH. It can be used for a variety of different purposes within the Reflexer ecosystem including collateral, interest accrual, etc. Here are a few key aspects of the project worth considering:

  • Flexible operational design: When compared with other protocols that try to maintain a stable exchange rate between their native token and other conventional currencies (such as USDc, USDT, etc), RAI’s design accommodates revaluations as and when it’s market price and demand changes.
  • Discretionary conversion model: As per its website website a highly underrated aspect of the Reflexer protocol is that it is able to alter its “target exchange rate” according to the prevailing market conditions, such that the platform can attract or repel incoming capital as and when needed.
  • Multipurpose utility: RAI can potentially be used for a number of different use cases by its investors such as portfolio diversification, stable yield accrual. In addition to this, the asset can also be employed as collateral across various DeFi protocols as well as serve as a reserve asset on different decentralized autonomous organizations (DAOs).
    • .Easily acquirable:Thanks to unique monetary proposition, wherein RAI is able to offer stability without being pegged to a fiat asset, its popularity has continued to increase. The token is currently available across various exchanges including Gate.io, Uniswap, Coinbase, ZB.com, amongst others.

Today's Rai Reflex Index price versus ATH

Compare today's price of Rai Reflex Index ($2.78 USD) against its all-time-high price of $4.19 USD on 18 February 2021. The closer the bar is to 100%, the closer RAI is to reaching its ATH again.

Rai Reflex Index's price: $2.78
ATH date: February 18, 2021
66.35%

Rai Reflex Index ATH: $4.19


How to trade, convert or sell Rai Reflex Index

You can convert or sell your RAI with the same exchange you bought it through:
  1. Sign in to the exchange you have RAI on.
  2. If you store your Rai Reflex Index in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of RAI you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Rai Reflex Index.
  6. Complete your transaction and move your RAI to a wallet for storage.
  1. Data by CoinGecko

Disclaimer: Cryptocurrencies, including Rai Reflex Index, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of RAI is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Rai Reflex Index or any other cryptocurrency discussed.

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