stub 3 'Best' Exchanges to Buy Rai Reflex Index - July 2024
Connect with us

Buyer's Guide

3 Best Exchanges to Buy Rai Reflex Index RAI (July 2024)

mm
Updated on

Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review.  Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.

A product of Reflexer Labs, ‘RAI' is marketed as the, ‘first true stablecoin that's governance minimized, and backed solely by decentralized immutable collateral on Ethereum'.

As a result of its structuring, RAI is able to function as a stablecoin without being pegged to a specific FIAT currency.  In fact, Reflexer Labs is keen to note that RAI is one of the few true stablecoins in circulation.  Those which are tethered to a FIAT currency are more accurately known as ‘pegged' assets.

In order to provide stability without being reliant upon FIAT, RAI makes use of a ‘supply and demand based control theory to seek an internal target price' – also known as a managed-float regime.  This automated functionality means that the price of RAI is constantly being re-valued.

Reflexer notes the following as top use-cases for RAI.

  • Portfolio Diversification (minimizes exposure to volatility)
  • Source of Yield
  • DeFi Collateral
  • DAO Reserve Asset

Due to being built atop the Ethereum network, and its inherent price stability, RAI serves as an ideal asset for use as collateral among decentralized exchanges.

We list the top exchanges that offer the ability to buy Rai Reflex Index (RAI) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).

Uphold

A top exchange in the United States & UK, Uphold is an experienced and extremely innovative trading platform that should be able to meet your needs for trading across a number of cryptocurrencies including Rai Reflex Index (RAI). Beyond the ease of use and innovative features within the trading platform, what stands out about Uphold is the credibility it has gained in the industry.

Uphold offers both a desktop and mobile app trading experience that is extremely intuitive. The trading view is completely customizable with the assets that you trade the most, and is very easy to navigate while providing a modern feel on both desktop and mobile. It is a very popular and suitable choice, particularly for new traders.

Besides being visibly appealing, the Uphold trading platform allows you to place your trades with great ease. Just a couple of clicks and you can make trades directly from your deposit method without even having to wait for funds to clear to your account. This one-step ordering is another innovation from a company which prides itself on the usability of its platform. Uphold also provides the ability to execute limit orders.

Germany & Netherland residents are prohibited.

Read Review →

Visit Uphold →

Uphold Disclaimer: Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong..

Gate.io

Established in 2013, Gate.io has grown in to a reputable trading platform.  While it is not the most popular exchange, it provides users with an easy to use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts a large number of altcoins including Rai Reflex Index (RAI), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation.

This exchange currently accepts Australia & UK residents.

USA & Canada residents are prohibited.

Read Review →

Visit Gate.io →

Uniswap

Uniswap is a decentralized exchange (DEX) for swapping tokens, which uses an automated market maker (AMM) model that allows users to trade against a liquidity pool. While this is obviously a good option to purchase Rai Reflex Index (RAI), we only recommend this platform for advanced users.  Due to the fact that this is exchange is decentralized, you are liable for any losses due to errors made.

Learning to use decentralized exchanges is not for the faint of heart. We recommend Gate.io instead.

Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.