Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Raydium. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

Raydium

Australia has a decent amount of trusted and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Raydium. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy Raydium in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy Raydium

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Raydium in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying Raydium, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Raydium.

If you’d like to learn more about the exchanges we recommend, look at our list of the cryptocurrency trading platforms.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy Raydium, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy Raydium

The final step is to go to their asset list, find Raydium, navigate to the buy section, and then trade your AUD for some RAY. Once you’ve bought Raydium, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy Raydium (RAY)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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How to Sell Raydium

If you’re thinking about selling Raydium, just follow the steps below.

  1. Sign in to the cryptocurrency exchange (like Swyftx).
  2. Click on Raydium in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell Raydium for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Raydium in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy Raydium with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Raydium. Have a look on their site first, you might be lucky.

How to buy Raydium with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Raydium with your credit/debit card.

About Raydium

Raydium, an AMM (automated market maker), is decentralized on Solana's blockchain. It draws directly from Serum’s order book, the largest DEX in Solana, to run its swap system.

A Solana-based AMM has the advantages of speed and affordability. Raydium can also interact directly with the Solana ecosystem and with Serum in order to increase liquidity.

DeFi's popularity is indicative of growing interest for DEXs that use the AMM model. Investors are becoming more interested in DEXs such as Maker, Compound, and Uniswap. Raydium has gained significant popularity despite its launch in February 2021.

Raydium's native utility token is RAY. Initial supply of RAY was 555 million tokens. It was launched in 2021 on February 21st. The development team was entitled to 20% of the total supply. To prevent developers selling them, they can be kept indefinitely for three years. Only one-third (188 million) of the total RAY token supply can be mined. Every six months, block rewards will be cut by half. Stakers will also be entitled to 0.03% transaction fees from the platform.

RAY token holders have the ability to generate interest and take part (albeit in a limited way) in the governance, administration and administration of the protocol. RAY token holders can earn interest through staking (0.03% trading fee).

You can vote on amendments and community proposals using RAY tokens. RAY token holders have the ability to vote on any issues that are submitted to the community. How much RAY a user owns will determine how strong their voting power.

Raydium provides a number unique benefits for the DeFi industry. Raydium has a central ordering system that makes it easy for traders to use platforms like Binance or Coinbase. The network offers a range of passive rewards, including the possibility to farm and stake.

Raydium has a far superior scaling performance than the rest. The Solana blockchain was chosen by the developers because of its linear scaling. It can process 65,000 transactions every second. It also has 400ms block time. Ethereum can, however, only manage 15 tps per block time of 13 seconds.

Raydium, a centralized exchange, was built from scratch and offers all the benefits of DEXs. The interface allows you to see powerful trading charts and real-time data, as well as to better manage your assets. It is easy for new users to use the platform because it has all of its features clearly visible. There are many familiar features, such as limit orders that are only available to CEXs.

Raydium, the first AMM in the Solana ecosystem, plays an important part in helping new projects attain liquidity. This protocol aims at fulfilling the same function of Uniswap Ethereum. It allows new projects to raise funds in transparent and open ways.

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