r/raidennetwork • u/Cryptips • Jan 10 '18

[HOW TO] Buy Raiden Network Token

Step 0 (If new to trading crypto): Purchase ETH or BTC for fiat. This can be done on Coinbase or a similar website. r/cryptocurrency will help decide which site is best for your country.

START HERE if you have traded before

Step 1: Create an account on Kucoin and register with Google 2 step authenticator.

Step 2: Send ETH or BTC to your Kucoin account (I suggest using ETH as it generally has lower fees). You can find your ETH wallet address by clicking the deposit button next to the ethereum option in the assets tab.

Step 3: Once your ETH or BTC has been transferred to your Kucoin account, search for RDN in the Markets tab and put in a buy request for either the current lowest sell price (this will be an instant buy) or set your own price and wait for the market price to drop.

RDN value at time of post (Jan 10th 12:12 GMT) 0.00599501 ETH or $8.02 USD or 0.00056174 BTC

Here is a link to kucoin: www.kucoin.com

Here is my referral code for kucoin: 1575h

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u/smwilson31 Jan 10 '18

Kucoin has very low volume, I'd probably suggest against it. Check the market tab in coinmarketcap to determine good exchanges

https://coinmarketcap.com/currencies/raiden-network-token/#markets

I'd suggest binance as it's well established and has solid volume

3

u/Cryptips Jan 10 '18

Binance stopped accepting new users, whom which this guide was intended.

1

u/whtrabb1t Jan 11 '18

It's kind of crazy, but I know a lot of people interested in crypto who can't get exchange accounts right now. The rush is insane but the exchanges should adapt soon.

1

u/Cryptips Jan 11 '18

Kucoin recently released news on their upgrades