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What is Radix?

Radix (XRD) is a decentralised finance (DeFi) platform that aims to make Web3 accessible to everyday users. To make this possible, Radix features a highly optimised full stack for Web3 development.

  • Radix enables the use of asset-oriented programming languages to improve the developer experience. They also feature the Radix Engine, a virtual machine that is designed to perform the same function for DeFi as game engines do for game development.
  • In order to maintain Web3 scalability, Radix employs a peer-reviewed consensus algorithm called Cerberus. This algorithm uses a sharded data structure that allows Radix to scale and overcome the limitations of existing blockchain systems.
  • XRD is the native utility token of the Radix ecosystem and is used for staking and paying transaction fees. By staking XRD, users help to secure the network.

Radix's mission is to make Web3 development accessible to everyone by providing simple developer tools and a versatile Web3 stack. The Radix team hopes to help users interact with Web3 and DeFi more confidently.

How do I swap Radix?

Enter amount to swap
Select the quantity of Radix you would like to swap.
Select coin to swap with
Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Radix

Why Should I Trade XRD with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Radix no matter what your trading experience is. Unlike other international and Australian Radix 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 Radix 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 Radix 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 Radix?

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 Radix for free.

Cold Storage

If you are holding Radix 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 Radix. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Radix. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Radix has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Radix 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 Radix 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 Radix & 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 Radix 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 Radix portfolio here.
Yes! With CoinSpot you can convert your Radix 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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