How to buy Rai Reflex Index (RAI) in the UK

Learn how to buy Rai Reflex Index (RAI) in our step-by-step guide.

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Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

Rai Reflex Index (RAI) is the 1059th largest cryptocurrency by market cap, valued at US$7,890,902.

Rai Reflex Index is a highly volatile asset capable of major price swings in a single day. Today RAI is trading for $2.83 USD, which is higher than yesterday's trading price of $2.81 USD. Over the past year, Rai Reflex Index's price has seen a decrease of -6%.

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

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 GBP 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.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy Rai Reflex Index in the UK

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.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

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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 the UK 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 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

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Go to site

Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

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 ($2.83 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: $2.83
ATH date: February 18, 2021
67.54%

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.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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