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 receive 10$ in Bitcoin

You will first need to buy units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and receive Ethereum (ETH) or Bitcoin (BTC).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Raiden Network Token (RDN) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide)

Make sure you've chosen the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find (RDN) Raiden Network Token

Once your deposit has been confirmed, you'll immediately have access to your assets and you can begin invest and trading. To purchase Raiden Network Token (RDN) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to find (RDN) Raiden Network Token, you will need to put the shortname of the coin (RDN) into the search box, which is highlighted in the image. Make sure you have choosen the right grouping, we have highlighted this too. Click on “RDN/BTC” to advance.

How to buy Coin on Binance 1 Raiden Network Token (RDN)
Step 4 – Buying Raiden Network Token (RDN)

After you've discovered (RDN) Raiden Network Token, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to create our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date tariff Raiden Network Token (RDN) was sold for. This can be changed to your desired rate. The “Amount” field is the volumen of RDN you wish to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole quantity of RDN.

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

Step 5 – Withdraw (RDN) Raiden Network Token

Unless you are frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extended period of time. In order to take off your Raiden Network Token (RDN), hover over the “Funds” tab and click on “Withdraw”. (RDN) Raiden Network Token can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Raiden Network Token (RDN) by using the given drop-down box. Enter the quantity of Raiden Network Token (RDN) you'd wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you are glad, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

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

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (RDN) Raiden Network Token is safe within your wallet, you are done.