Connect with us
Buy Digital Assets:

Buyer's Guide

How to Buy Rai Reflex Index (RAI)

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

Coinbase

Coinbase is a publicly traded crypto exchange listed on the NASDAQ.  It is one of the most widely used exchanges in the United States and accepts clients from 100+ countries including Australia, Canada, Singapore, and the UK.

Over 460 billion dollars in volume has been traded by over 70 million users at Coinbase. Security is a paramount feature with 98% of customer funds being stored in secure offline storage. The platform is simple to use and is available on desktop, Android, and iOS, offering trading opportunities in over 140 cryptocurrencies including Rai Reflex Index (RAI).

This exchange currently accepts USA residents excluding Hawaii.

Read our Coinbase Review or visit Coinbase.

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 our Gate.io Review or 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 coinbase.com instead.

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

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.