Buy Raydium (RAY)

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What is Raydium?

Raydium (RAY) is a decentralised exchange (DEX), automated market maker (AMM) and liquidity provider that has been built on the Solana. RAY is the native utility token used for the Raydium exchange.

  • RAY is a reward for activities on the Raydium exchange such as, staking to earn protocol fees and IDO allocation. As well as governance votes on protocol decisions.
  • Raydium provides on-chain liquidity, utilising its pool liquidity to place order on the central order book of the Serum DEX. This then gives Raydium LP users access to Serum’s order flow.
  • Raydium as a platform is made up of three central components. The Raydium liquidity pools, liquidity mining rewards via yield farming and what Raydium refers to as ‘AcceleRaytor’. This is a IDO launch pad for the latest Solana projects.

Raydium aims to provide ecosystem wide liquidity for users and projects, while also enabling individuals to participate in up and coming Solana projects via staking their Ray. As such Raydium is set to be at the forefront of DeFi.

How do I buy Raydium?

Sign up to CoinSpot
Register for a CoinSpot account here & verify in minutes.
Deposit & buy
Deposit AUD into your account & enter the amount of AUD you want to trade for RAY and click "Buy".
That’s it!
You now own some Raydium! You can click "Go to RAY Wallet" to see your Raydium.

Learn more about Raydium

Why Should I Trade RAY with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Raydium no matter what your trading experience is. Unlike other international and Australian Raydium exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Raydium with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Raydium how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Raydium?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Raydium for free.

Cold Storage

If you are holding Raydium as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Raydium. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Raydium. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Raydium has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Raydium is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Raydium exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Raydium & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Raydium safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Raydium portfolio here.
Yes! With CoinSpot you can convert your Raydium to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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