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How to Buy Raiden Network Token (RDN)

A Step-by-Step-Guide on how to buy Raiden Network Token (RDN)

Step 1 – Signup to CEX.io

You'll first need to purchase units of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and to get your Ethereum or Bitcoin.

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Raiden Network Token (RDN) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

Make sure you've chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate Raiden Network Token (RDN)

Once your deposit has been verified, you'll instantly have access to your assets and you can launch invest and trading. To invest in Raiden Network Token (RDN) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to spot Raiden Network Token (RDN), you'll need to put the cointype (RDN) into the search-box, which is marked in the image. Be certain of having choosen the right pairing, we have marked this also. Click on “RDN/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} Raiden Network Token (RDN)
Step 4 – Purchasing Raiden Network Token (RDN)

As soon as you've located Raiden Network Token (RDN), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are making our Limit Order.

The ”Price” field will be filled with the recent valuation Raiden Network Token (RDN) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of RDN you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete quantity of RDN.

When you're happy, make a mouse click on “Buy RDN”. Your order will be filled as soon as a Seller sells their RDN for the price you offered.

Step 5 – Withdraw Raiden Network Token (RDN)

Unless you are regularly trading, never keep your coins on an Cryptocurrency Exchange for an longer time period. In order to take off your Raiden Network Token (RDN), hover over the ”Funds” tab and click on “Withdraw”. Raiden Network Token (RDN) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Raiden Network Token (RDN) by using the given drop-down box. Drop in the quantity of Raiden Network Token (RDN) you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

If you are glad, click “Submit”. You could be asked for verfication via email/phone before a take off.

Congrats! You've successfully purchased and stored (RDN) Raiden Network Token.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the (RDN) Raiden Network Token is safe in your wallet, you're done.