Raydium (RAY) was developed by three innovative founders – namely AlphaRay, XRay, and GammaRay. AlphaRay is the head of strategy and operations, XRay is in charge of development and technology, while GammaRay leads the communications and marketing team.

Raydium was founded on 21 February 2021 with the launch of 555 million tokens. The protocol offers ecosystem-wide liquidity, order book Automated Market Maker (AMM), and the best swap prices in the crypto trading scene. This guide will show you the essentials on how to buy Raydium online. 

How to Buy Raydium—Quickfire Walkthrough to Buy Raydium Tokens in Less Than 10 Minutes

Constructed on the Solana blockchain, Raydium was developed for the Serum decentralized exchange (DEX), making it a Defi coin. Like other Defi coins, it is best to buy Raydium via a DEX like Pancakeswap. This is because the DEX allows you to purchase digital tokens without the need for a centralized intermediary.

The steps below will take you through how to buy Raydium in less than 10 minutes.

  • Step 1: Download Trust Wallet: This is readily available on your mobile phone via the Google Playstore and Appstore.
  • Step 2: Search for Raydium: After you have downloaded Trust Wallet, open and look for ‘Raydium.’ You can do this in the search bar located in your wallet.
  • Step 3: Credit your Trust Wallet: Add cryptocurrency to your wallet with your debit/credit card or by transferring from a different source. This is necessary because you will not be permitted to buy Raydium without cryptocurrency in your Trust Wallet
  • Step 4: Connect to Pancakeswap: Click on ‘DApps’ to link your Trust Wallet to Pancakeswap. Select ‘Connect’ to continue. 
  • Step 5: Buy Raydium: Once your Trust Wallet is connected to Pancakeswap, you can proceed to buy the coin. Click on ‘Exchange’ and select the cryptocurrency you want to swap for Raydium. Make sure it is the cryptocurrency you purchased in Step 3. Enter the amount of Raydium tokens you want and select ‘Swap’ to end the process.

Once this is done, you will receive confirmation of the Raydium tokens you just bought in your Trust Wallet. You can likewise use your Trust Wallet to trade Raydium or any cryptocurrency of your choice.

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile. 

How to Buy Raydium Online—Full Step-By-Step Walkthrough

The short tutorial above might seem a little challenging to comprehend if this is your first time dealing with cryptocurrency or DEX’s. But, do not worry, as we have a detailed guide below to take you through how to buy Raydium step-by-step.

Without any further ado, here is the comprehensive breakdown of how to buy Raydium tokens.

Step 1: Download Trust Wallet

Trust is a wallet that supports several coins and was obtained by Binance in 2018. The wallet will enable you to save, transfer, collect and trade different digital tokens all within the app. You likewise have the chance of engaging Proof-of-Stake coins such as Cosmos, Tezos, or Tron.

After you have downloaded and installed the application, you will land on a page asking you to create a new wallet. Once this is done, ensure you write down the recovery phrase given to you. It is advisable not to share your recovery phrase – as this will allow somebody else to log into your wallet and steal your digital tokens. 

Trust wallet is a software application available on iOS and Android.

Step 2: Fund Your Trust Wallet

Your downloaded Trust Wallet app will be new and thus – empty. As such, you will need to deposit cryptocurrency in it to buy Raydium.

Fund your Trust Wallet in the following ways.

Transfer Cryptocurrency from an External Wallet

If you possess digital tokens in a separate wallet before you downloaded Trust, this is an effective way for you to make the deposit.

You simply have to:

  • Open your Trust Wallet and click on ‘Receive.’
  • Pick the cryptocurrency you choose to transfer into your Trust Wallet.
  • After picking it, you will be provided with a wallet address. This address will be needed on your external wallet when making the transfer.
  • Head to your external wallet and select ‘Send.’
  • Paste the address you copied from your Trust Wallet on the page asking for an address.
  • Enter the number of digital tokens you want to send. Ensure it is not beyond what you have in the external wallet, as the transaction will be rejected in that case.
  • Click on ‘Proceed’ to finish the transaction.

As soon as this is completed, you will be notified that your Trust Wallet has received the digital tokens.

Buy Cryptocurrency using Your Debit/Credit Card

If you don’t have cryptocurrency in a different wallet, do not panic. One of the benefits of utilizing Trust Wallet is that it authorizes you to acquire digital tokens with your debit/credit card.

Here is how to go about that:

  • Locate and select ‘Buy’ on your Trust Wallet.
  • A list of the digital tokens you can buy with your credit/debit card will be shown.
  • Choose one of the tokens. It makes sense to go for a popular digital token like Binance Coin or Tether.
  • Because you are buying cryptocurrency with a fiat currency, you will have to undergo a Know Your Customer (KYC) process.
  • Once that is completed, fill in your debit/credit card details and the amount of cryptocurrency you need to buy.
  • Verify the details you input and end the transaction.

In a short while, you will get the cryptocurrency in your Trust Wallet.

Step 3: Buy Raydium through Pancakeswap

As stated beforehand, Raydium is a Defi coin, and you can buy it through a DEX like Pancakeswap. To do this, you have to link Pancakeswap to your Trust interface and continue by swapping the digital token in your wallet for Raydium.

Here is the procedure:                                                

  • Click on ‘DApps’ in your Trust Wallet.
  • You will be given a list of decentralized applications; click on Pancakeswap.
  • Click on ‘Connect’ to proceed.
  • Once Pancakeswap is linked, select ‘DEX’ and click on ‘Swap.’
  • You will be directed to a page showing you the list of cryptocurrencies you can pay with and the one you want to get.
  • On the ‘You Pay’ section, choose the digital token you want to pay with. This should be the digital token you deposited in your Trust wallet.
  • On the ‘You Get’ tab, select Raydium. You will be shown the number of Raydium tokens you will have in exchange for the cryptocurrency you are paying with.
  • Click on ‘Swap’ to approve the transaction.

The Raydium tokens will be deposited into your Trust Wallet in a matter of seconds.

Step 4: How to Sell Raydium

After you have understood how to buy Raydium, the next thing to grasp is the selling procedure. To realize more than you invested, you have to sell Raydium tokens when the price has gone high, which is why you have to be careful not to run at a loss.

Below are the processes involved when you want to sell Raydium.

  • To get another token in exchange for Raydium, you can utilize Pancakeswap. You can do this via the process discussed in Step 3.
  • To earn fiat currency in return, you will have to trade it elsewhere. You can do this on a third-party exchange like Binance. Note that you will undergo a KYC process.

Where to Buy Raydium Online

There are various exchanges for you to buy Raydium tokens online. But, if you need a platform that makes the entire process a walk in the park, your best bet is a decentralized exchange like Pancakeswap. 

Below are reasons to back up our statement. 

Pancakeswap—Buy Raydium through a Decentralized Exchange

The approach of the Defi arena is an innovative one. It endeavors to secure a financially inclusive community without needing any intermediary to aid transactions. While Ethereum is the primary choice for developing Defi tokens, more options are now springing up owing to the decentralized notion of the blockchain.

The primary idea of Defi and DEX’s like Pancakeswap is to decentralize global finance. Cryptocurrency specialists devised a scheme that would not need centralized exchanges. Sushiswap and Uniswap began as the DEX driving force. But there was a twist with most of the DApps being generated on the Ethereum blockchain, which necessitated the birth of new ones.

This overreliance on the Ethereum network raised difficulties such as poor transaction rates and expensive gas fees. Focusing massively on performance, Binance launched BSC in September 2020. Pancakeswap emerged soon after and has grown to become a leading option, especially with its unique features.

Pancakeswap allows you to save crypto assets in liquidity pools, and you receive an LP token in exchange. You also earn a fee for giving your assets up for lending. The Automated Market Maker model allows you to earn by generating liquidity towards the pool. The more you add, the more you receive in return. These and many more perks distinguish the DEX. This is why it’s the best place to buy Raydium tokens. 

Pros:

  • Exchange digital currencies in a decentralized manner
  • No requirement to use a third party when buying and selling cryptocurrency
  • Supports a sizable number of digital tokens
  • Allows you to earn interest on your idle digital assets
  • Sufficient levels of liquidity – even on smaller tokens
  • Prediction and lottery games


Cons:

  • Might appear daunting at first glance for newbies
  • Does not support fiat payments directly

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile. 

Ways to Buy Raydium 

There are many ways to buy Raydium. Your preference depends solely on your choice of the payment method or the type of cryptocurrency exchange you want.

Buy Raydium with Cryptocurrency

If you own a digital token in an external wallet, you can use it to buy Raydium. Then, all you need to do is send the cryptocurrency to your Trust Wallet and exchange it for Raydium using Pancakeswap. Trust Wallet gives you the access to connect to Pancakeswap swiftly, and its ease of use can be compared to none.

Buy Raydium with Your Debit/Credit Card

To buy Raydium with your credit/debit card, you can use a centralized or decentralized exchange.

  • Although a centralized exchange allows you to buy the coin, you need to go through a third party.
  • However, using a decentralized exchange like Pancakeswap comes with ease - as you don't need to engage with a middleman. 

Trust wallet allows you to buy a established cryptocurrency with your debit/credit card - such as Tether. Then connect your Trust Wallet to Pancakeswap for your crypto-to-crypto exchange of the tokens.

Should I Buy Raydium?

If a coin catches your attention, you will find yourself asking the ‘should I buy’ question. This question is regular, but you can answer it best after doing thorough individual research on Raydium.

This will allow you to consider the pros and cons of the coin and make an informed decision. To help you decide on whether to buy Raydium, the points below will offer you a detailed understanding of what to look out for when researching the coin.

Smartchain Verification

The Raydium Smartchain is a software protocol devised to secure the shared irreversibility of blockchain networks. The software is designed to put power into the hands of its users. Anybody can intuitively handle the Smartchain to quickly adapt to and utilize the capabilities of Proof-of-Ownership and Proof-of-Existence. 

The Raydium Smartchain is a blend of new protocols that implement the structure for producing high-level blockchain-based roles. All roles are rooted in a completely permissionless and decentralized system driven by ‘Smart Transactions’. 

Also, the privileges of a system under permission are given through extra core layers. Those layers cover necessary identity verification, private key mishandling, and diffused custodial accounts.

Notable Growth Since Launch

Raydium launched its main net on 21 February 2021, with 555 million tokens created.

  • It has a circulating supply of over 57 million Raydium coins as of early August 2021. 
  • On 3 May 2021, the coin reached an all-time high of $16.24.
  • Furthermore, the token has a fully diluted market cap of over $2 billion and a 24-hour trading volume of about $9 million - as of mid-2021.
  • In February 2021, when the coin was launched, it was worth about $7, giving an increase of about 128% when compared to its all-time high.

Looking at the way the coin has progressed, it may be said that the token has witnessed meaningful growth. Yet, whether it’s a good buy for you should depend on your investment goals and personal research.

Taking Advantage of the Dip

A dip in digital tokens happens when there is a fall in the value of a cryptocurrency. You may have heard of the statement, ‘Buy the dip’, which is used to define the possibility of purchasing a cryptocurrency that has faced a sparse or short-term decline in its value.

Raydium had an all-time low of $1.57 on 14 June 2021, and an all-time high of $16.24 on 3 May 2021. This indicates that someone who had bought Raydium when the price fell to its lowest would have witnessed an increase of about 934% at its highest. This is a noteworthy increase.

At the period of writing in early August 2021, Raydium is worth about $3 per token. This means if you enter the market now, you will enjoy about a 70% discount from its prior peak.

Raydium Price Prediction

Just like other cryptocurrencies, Raydium is unpredictable. This means that the worth of your investment relies on things like Fear of Missing out (FOMO) and market speculation. Knowing this, it is pretty challenging to make a price prediction.

Yet, you will undoubtedly come across several self-acclaimed prediction experts online who have no factual data to back up their analysis. When you see such predictions, it is best to take them with a pinch of salt. Instead, base your buying decision on your careful analysis of Raydium in terms of the project’s quality and your investment goals. 

Risks of Buying Raydium

Every cryptocurrency has risks attached to it. It is best to look into each of them before investing to avoid running at a loss. The principal risk is the fall of Raydium’s value in the cryptocurrency market.

There are techniques you can use to cut down the risks involved when you want to buy Raydium.

These are:

  • Make your stakes modest. Do not invest more than you can afford.
  • Buy Raydium in small but regular amounts.
  • Consider investing in other Defi coins to expand your cryptocurrency portfolio.

Best Raydium Wallets

You’re only as good with buying Raydium as you’re with understanding the right wallets for storing your tokens. As such, your knowledge on how to obtain Raydium tokens must include effective ways to store your investment funds safely.

Below is a selection of the best wallets you can store your Raydium tokens.

Trust Wallet—Overall Best Raydium Wallet

Trust is a decentralized wallet that is free to use, supports several cryptocurrencies including Raydium, gives you instant access to your digital tokens, respects your privacy, and is completely secure. 

The wallet also allows you to buy digital tokens with your debit/credit card. Likewise, it will enable you to trade digital tokens without leaving the app. The wallet is ready for download on your mobile devices.

Ledger Nano Wallet—Best Hardware Raydium Wallet

Ledger Nano is a hardware wallet that allows you to keep your Raydium tokens in a fully secured manner. This is because it is a 'cold storage' wallet, which means that the tokens are kept offline at all times. 

Ledger Nano wallets are mostly USB-enabled devices that save your vital data securely. They are constructed with military-level protection and have firmware that is constantly sustained. Ledger Nano S and X are the most common options in this section.

MetaMask Wallet—Best Mobile Encrypted Raydium Wallet

MetaMask provides the mildest yet most reliable way to link to blockchain-based applications.

  • As a result, you are constantly in control when socializing on the current decentralized web.
  • The wallet is available as a web extension and as a mobile application for storing your Raydium tokens. 
  • It provides you with a secure login and everything you need to maintain your cryptocurrency safely.
  • MetaMask also creates passwords and codes on your device, so you alone have access to your accounts and information.

You always determine what to share and retain privately.

How to Buy Raydium —Bottom Line

After you have carefully gone through this guide, we believe you can confidently say you know everything on how to buy Raydium. On a final note, the marked out steps on how to buy Raydium tokens are best executed with a DEX like Pancakeswap.

Trust wallet allows you to connect to Pancakeswap swiftly, and it also allows you to buy digital assets with your debit/credit card. Ensure you research well before buying Raydium and ignore online predictions as they are not reliable. With all that said, you have successfully mastered how to invest in Raydium.

Buy Raydium Now via Pancakeswap

 

 

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.

FAQs

How much is Raydium?

As with other cryptocurrencies, the price of Raydium fluctuates. However, as at the time of writing in early August 2021, one token is worth just over $3.

Is Raydium a good buy?

No one can truly tell you if this coin is a good buy. This is because you know best what you intend to achieve when buying Raydium tokens. The best way to answer this is by evaluating the project and its growth trajectory. You may also want to consider the long-term possibilities before reaching a final decision.

What is the minimum Raydium tokens you can buy?

The coin doesn’t have a purchase limit. However, some brokers set limits on their platforms to regulate sales. Without such limitations, you can buy any amount you need.

What is the Raydium all-time high?

This happened on 3 May, 2021 when the coin went for $16.24.

How do you buy Raydium tokens using a debit card?

Technically, you cannot buy Raydium directly with your card. However, with Trust Wallet, you can buy a base cryptocurrency like BTC, and then connect to Pancakeswap to exchange the token for Raydium.

How many Raydium tokens are there?

As at the time of writing in early August 2021, there is a circulating supply of over 57 million Raydium tokens. In totality, there are 555 million tokens in maximum supply.