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How to buy Raydium (RAY) in the US
A beginner's guide to buying and selling RAY in the US.
How to buy Raydium
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Raydium.
- Open an account on an exchange that supports RAY.
Unfortunately, at this time no major exchanges in the United States offer RAY, but you may be able to purchase it with another cryptocurrency. Just be sure to follow all legal restrictions and requirements.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Raydium.
- Buy Raydium.
Complete your Raydium purchase and then find the best wallet to store RAY.
What is Raydium?
Raydium is an automated market maker and liquidity provider. Built on the Solana blockchain, Raydium uses the Serum decentralized exchange order book in an effort to offer faster trades and more liquidity. You can use the platform to trade and swap tokens, plus earn RAY tokens through farming and staking. RAY is Raydium’s native utility token. RAY holders can stake their tokens to generate yield, while the tokens can also be generated from liquidity pools known as Raydium Farms. The Raydium litepaper also mentions a limited governance model where stakers will be able to vote on community proposals and changes.
Raydium (RAY) is the 131st largest cryptocurrency in the world by market cap, valued at $733,053,171. The current price of Raydium is $10.18, which is -1.034% lower than yesterday. Prices have ranged between $10.79 and $10.07 over the past 24 hours. All prices are listed in US dollars and accurate as of October 21, 2021 09:10 UTC.
Where to buy Raydium
Unfortunately, at this time no major exchanges in the United States offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.
Consider buying a different cryptocurrency after comparing popular exchanges.
Is it a good time to buy Raydium?
The technical analysis gauge for Raydium displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Raydium based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Raydium: moving averages, oscillators and pivots. Finder is not responsible for how RAY performs.
Raydium at a glance
|Total RAY supply||555,000,000|
|All time high||US$16.83|
|Industry||Automated market maker|
|Token uses||Mining, staking, governance|
Raydium price performance over time
How to sell Raydium
You can cash out your RAY with the same exchange you bought it through:
- Sign in to the exchange you have RAY on.
If you store your Raydium in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of RAY you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Raydium.
What to consider when buying RaydiumCryptocurrencies are volatile assets and there are many factors that can affect their value. Make sure you’re aware of all the risks associated with trading cryptocurrency before you buy. Some of the factors you should consider before buying RAY tokens include the following:
- Token supply. The maximum supply of RAY is capped at 555 million tokens. 34% of those tokens make up the RAY mining reserve, with emissions scheduled to last for approximately 36 months. A further 30% of the tokens are allocated for partnerships and ecosystem development and another 20% to the Raydium team.
- Competitors. Raydium is far from the only automated market maker out there, so it’s important to consider what competition Raydium may face from other projects. Kyber Network, Uniswap and Curve are just a few examples of platforms to keep an eye on, so it’s well worth researching the competition before deciding whether you should buy any RAY.
- Pseudonyms. Raydium’s team is led by several pseudonymous developers – AlphaRay, XRay, GammaRay and so on. While anonymous teams are nothing new in the world of crypto, some people may feel more comfortable knowing the true identities of the people behind the platform.
- Transaction speed. While many crypto projects are built on the Ethereum blockchain, Raydium is built on Solana. Capable of processing a claimed 50,000 transactions per second, Solana is one of many so-called “Ethereum killers” that have launched in recent years. It’s worth researching not just the Raydium project but also its underlying infrastructure before deciding whether you buy any tokens.
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Disclaimer: Cryptocurrencies, including Raydium, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of RAY 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 Raydium or any other cryptocurrency discussed.
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