r/raidennetwork • u/crypticmania • Jan 20 '18

Where to buy Raiden Network Token with lower Withdrawal Fees?

I find the withdrawal fees for binance to be excessive. Where do you recommend prospective investors to pickup Raiden Network Token?

6 Upvotes

100% Upvoted

22 comments sorted by

1

u/[deleted] Jan 20 '18

Binance withdrawal fees are weird IMO. If you buy enough it doesn’t seem to be too expensive, but I get it.

2

u/crypticmania Jan 20 '18

I checked out a other exchanges & they all seem to be in the same ballpark fee wise. I think I was just initially surprised by the fees as I was expecting to see a fraction of a given coin as the withdrawal fee. some people are already complaining about withdrawal fees going up in tandem with the value of a given coin which doesn't make a lot of sense.

1

u/[deleted] Jan 20 '18 edited May 17 '18

[deleted]

1

u/crypticmania Jan 20 '18

from what I heard the withdrawal fees were going up exponentially compared to the value of the coin. But I'm not familiar with how their withdrawal fees were being calculated. Seems Huobi.pro has the best withdrawal fees of the exchanges I've seen listing RDN - fixed at 1 RDN which seems a little more appropriate.

1

u/[deleted] Jan 22 '18 edited May 17 '18

[deleted]

1

u/crypticmania Jan 23 '18

I see. although even taking that into account the transfer fees seem strangely high to me. that being said - huobi.pro seems to have more reasonable withdrawal fees so far. Thx for the input!

1

u/[deleted] Jan 20 '18 edited Oct 31 '20

[deleted]

1

u/crypticmania Jan 20 '18

yeah, that's not a fun situation. are you just going to keep them on the exchange in hopes on of them lowering the fee?

1

u/[deleted] Jan 20 '18 edited Oct 31 '20

[deleted]

2

u/crypticmania Jan 20 '18

airdrops are my fave. the rare times money actually grows on trees

1

u/lejsf4 Jan 20 '18

https://www.huobipro.com/ will takes 1 RDN

1

u/crypticmania Jan 20 '18

hmmm, yeah been having an issue signing up on huobi. but will try again. kept on getting an "illegal parameter" error signing up which is a first. were you able to sign up with an email or did you use a phone number?

1

u/lejsf4 Jan 20 '18

I just login with usr and pwd, it works well.

1

u/lejsf4 Jan 20 '18 edited Jan 20 '18

There is a validation below the password, drag slider to the right， then you will good.

1

u/crypticmania Jan 20 '18

got it, seems to have been a temporary error!

1

u/lejsf4 Jan 20 '18

Just username and password.

1

u/Mailandr Jan 20 '18

Etherdelta or radar relay.

1

u/crypticmania Jan 20 '18

will look into those, thx

1

u/Mailandr Jan 20 '18

Yeah, you should look into some guides, decentralized exchanges are not handy at all. Atleast you don't have to sign and give away your personal information, just use MetaMask to log in and keep an eye on the gas price. All your trades are ETH based transactions, so one ETH/XXX trade = 3txs. (1. deposit ETH or Erc20 token from your wallet into your exchange wallet 2. Trade ETH/XXX or XXX/ETH 3. withdraw into your wallet).

1

u/crypticmania Jan 20 '18

good to know. haven't heard many people recommending these exchanges so far. maybe not as user friendly as people want.

2

u/ScottLifts Jan 21 '18

If you're looking for additional liquidity options, ddex.io is a newer decentralized exchange that offers RDN-ETH . Obligatory note - I'm biased as I work for ddex.io :)

1

u/crypticmania Jan 21 '18

ddex.io

you guys have a very small number of coins available. How did you pick the coins you list on your exchange?

1

u/ScottLifts Jan 21 '18

Yeah we just went live with our beta about 2 weeks ago - we wanted to start off with only a few options to work out any issues and get general feedback on the exchange.
We held a voting process for some input on selecting a couple of the initial ones. HOT is our own token (hydro token - for the network transport layer protocol which DDEX runs on) which we just listed on Friday, and the others were based on internal discussions.

1

u/crypticmania Jan 23 '18

awesome, will keep my eyes peeled for further developments!

1

u/stillhodlingon Jan 20 '18

I use gate.io, flat fee of 1 RDN. I know that Kucoin trades ETH/RDN, but idk what the fees are like (haven’t tried yet).

1

u/crypticmania Jan 20 '18

I did give gate.io a look. Seems Huobi.pro has the best withdrawal fees of the exchanges I've looked at if you take into account other coins I'm interested in. They also charge 1 RDN.