How to Buy $RAY Tokens on Bitunix

In this guide, we will show you how to buy $RAY tokens using the Bitunix, an emerging crypto exchange platform trusted by 1 million users globally. Bitunix supports more than 300 cryptocurrencies and offers a clean, user-friendly interface along with advanced security features. It is a non-KYC exchange offering a large selection of fiat currencies, high futures volume, strong liquidity, and competitive platform fees set at 0.10% for both makers and takers.

Buy $RAY!

New users can earn up to $5,500 after signing up for the platform as a welcome bonus. Plus, for those willing to take more risks, Bitunix offers high leverage trading up to 125x to maximize potential gains. One thing to consider is that Bitunix does not require KYC verification. If you prefer using a platform that requires identity checks, you may want to consider other exchanges.

The following are all the steps for buying $RAY tokens on Bitunix:

Step 1: Open your browser and visit the Bitunix website. If you’re new, click on “Sign Up Now” to create your account.

Step 2: Fill in your details and complete the registration process, then check your email to verify and activate your account.

Step 3: After logging in, hover over the “Spot” tab at the top of the page and select “Spot Orders” from the dropdown menu.

Step 4: You’ll be taken to the Bitunix Spot trading interface. Click on the “Asset-list” dropdown to view all available cryptocurrencies.

Step 5: To save time, enter “RAY” in the search bar and select the RAY/USDT trading pair from the results.

Step 6: Scroll down to the “BUY/SELL” panel located just below the price chart. Here, you can choose between a Limit or Market order to buy RAY.

Step 7: In the “Order Quantity” field, enter how much RAY you want to buy, or use the “Amount” field to specify how much USDT you want to spend. The slider can also be used for quick adjustments.

Step 8: Once you’re ready, click on the “Buy RAY” button to place and complete your order.

Fees When Buying Raydium on Bitunix

Bitunix has competitive trading fees, comparable to other major exchanges. The platform charges a 0.1% fee for both makers and takers. For instance, if you purchase $100 worth of $RAY, you’ll incur a $0.10 fee, receiving $99.90 worth of $RAY.

How to Transfer $RAY to a Web3 Wallet (Phantom)

Buying $RAY tokens is just the first step, especially if you’re planning to use them on the Raydium DEX. Many users move their tokens to a Web3 wallet to take full control and access Raydium’s features like swapping, staking, or adding liquidity. Since $RAY operates on the Solana blockchain, you’ll need a compatible wallet. Phantom is a popular pick among Raydium users due to its user-friendly interface, smooth DApp connectivity, and reliable security.

After setting up your Phantom wallet, you can transfer your $RAY tokens by sharing your wallet address and withdrawing them from a centralized exchange through the Solana network. This ensures your tokens are secure and ready to be used directly on Raydium.

Step 1: Hover over the “Wallet” icon at the top, then select “Spot Account” from the dropdown menu.

Step 2: In your Spot Account, you’ll see a list of your crypto holdings, click the “Withdraw” button.

Step 3: You’ll be taken to the withdrawal page. Make sure the “Coin” field is set to “RAY”.

Step 4: In the “Network” field, choose Solana as the network.

Step 5: In the “Withdrawal Address” section, open your Web3 wallet, copy your Solana receiving address, and paste it into the address field.

Step 6: Enter the amount of RAY you want to transfer in the “Withdrawal Amount” field.

Step 7: Carefully review all the transaction details, including the network fees and final amount. Once confirmed, click “Withdraw” to complete the process.

Track the transfer by entering the transaction ID (TXN ID) on Solscan. Once confirmed on the blockchain, your $RAY tokens will appear in your connected Web3 wallet.

Buy $RAY!

Raydium Explained

Raydium is one of the leading Solana projects, functioning as an automated market maker (AMM) and liquidity provider that integrates with a central limit order book. This design gives it a unique edge in offering both speed and deep liquidity on the Solana blockchain.

Its utility token, $RAY, serves multiple roles such as staking for rewards, paying trading fees, participating in governance, and accessing early-stage projects via the AcceleRaytor launchpad. Users can also farm yields and earn incentives by providing liquidity to various pools. With $RAY at its core, Raydium empowers users to engage in efficient, low-cost DeFi trading and investment strategies.

Bottom Line

Raydium’s hybrid AMM system combines Solana’s high speed with deep liquidity, making it a strong choice for decentralized trading. With $RAY, you can stake tokens, participate in governance, and even earn rewards by providing liquidity. If you’re exploring DeFi on Solana, it’s a great platform to consider. Just make sure to transfer your tokens to a secure Web3 wallet to fully access all the features.

FAQs

1. Can I earn rewards with $RAY tokens?

Yes, by staking $RAY, you can earn up to 25% APY and gain access to Acceleraytor’s token launches and other platform perks.

2. How do I ensure safe withdrawal of $RAY tokens?

Use a Solana-compatible wallet like Phantom, select the correct network (Solana), and double-check the address before confirming your withdrawal.

3. Is KYC required to buy Raydium on Bitunix?

No, Bitunix is a non-KYC platform, meaning you can trade and withdraw without identity verification, although this may come with limits.

4. How do I ensure safe withdrawal of $RAY tokens?

Use a Solana-compatible wallet like Phantom, select the correct network (Solana), and double-check the address before confirming your withdrawal.

5. What is the minimum amount of RAY I need to leave in my CEX account?

You must leave at least 0.690939 RAY in your Bitunix account to cover network fees when withdrawing.