How to Buy Raiden Network Token (RDN)

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

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to purchase units of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first 10 Dollar.

Coinbase Free Bitcoin

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Raiden Network Token (RDN) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you have chosen the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate Raiden Network Token (RDN)

Once your deposit has been approved, you will immediately have access to your finances and you can launch purchasing and trading. To invest in Raiden Network Token (RDN) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

To find Raiden Network Token (RDN), you will need to insert the short name of the asset (RDN) into the search-box, which is highlighted in the graphic. Make sure you have selected the right pairing, we've highlighted this also. Click on “RDN/BTC” to go on.

Binance Hot To Buy Raiden Network Token (RDN)
Binance How to Buy (RDN) Raiden Network Token
Step 4 – Acquisition of Raiden Network Token (RDN)

After you have located Raiden Network Token (RDN), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to create our own Limit Order.

The ”Price” field will be filled automatically with the latest valuation Raiden Network Token (RDN) was traded for. You can change this to your preferred price. The ”Amount” field is the volumen of RDN you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole volumen of RDN.

If you are satisfied, make a mouse click on “Buy RDN”. Your order will be filled as soon as a Vendor trades their RDN for the price you introduced.

Step 5 – Withdraw Raiden Network Token (RDN)

Unless you are trading, you should never keepyour crypto on an Crypto Exchange for an extended period of time. In order to withdraw your Raiden Network Token (RDN), hover over the ”Funds” tab and mouse click on “Withdraw”. Raiden Network Token (RDN) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Raiden Network Token (RDN) by using the given drop-down box. Put into the volumen of Raiden Network Token (RDN) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

When you are glad, click on “Submit”. You may be requested for phone/email verification before a withdrawal.

Binance Withdraw

Congratulations! You've successfully purchased and safed (RDN) Raiden Network Token.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the (RDN) Raiden Network Token is safe within your wallet, you're finished.