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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 will first need to buy units of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Send Your Funds to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Raiden Network Token (RDN) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

Make sure you have selected the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find Raiden Network Token (RDN)

Once your deposit has been verified, you will instantly have access to your assets and you can begin buying and trading. To purchase Raiden Network Token (RDN) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”.

In order to find Raiden Network Token (RDN), you'll need to put the shortname of the coin (RDN) into the search box, which is highlighted in the graphic. Be certain of having selected the right grouping, we've highlighted this also. Click on “RDN/BTC” to go ahead.

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

Once you have located Raiden Network Token (RDN), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date valuation Raiden Network Token (RDN) was sold for. You can change this to your desired price. The ”Amount” field is the amount of RDN you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete amount of RDN.

When you're satisfied, make a mouse click on “Buy RDN”. Your order will be filled when a Vender trades their RDN for the price you offered.

Step 5 – Withdraw Raiden Network Token (RDN)

Unless you are frequently trading, never keep your crypto coins on an Exchange for an extensive time frame. In order to take off your Raiden Network Token (RDN), hover over the tab called “Funds” and mouse click on “Withdraw”. Raiden Network Token (RDN) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Raiden Network Token (RDN) by using the provided drop-down box. Enter the quantity of Raiden Network Token (RDN) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address.

When you're glad, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Kudos! You have successfully purchased and safed Raiden Network Token (RDN).

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the Raiden Network Token (RDN) is safe inside your wallet, you are done.

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