Request Network (REQ) token is the native token for Request Network, the Ethereum-based decentralized payment system where anyone can request a payment and receive money through secure means.
If you’re looking to buy the token, this guide is for you so read on. There are many factors to consider when buying a token like this, one of which is the exchange to use. There are exchanges that allow you to buy the token as we will discuss shortly.
But you need to consider some features of each option, such as fees, ease of use, security etc. After you have chosen the exchange you prefer, you’ll need to register and verify your account if you don’t have one already.
Once this is done, you’re ready to buy REQ using any payment method of your choice. The thing to remember is that the fees you pay depend on the payment method you choose. For most exchanges, bank transfer is free while use of debit or credit cards attracts the most fees.
The following are the crypto exchanges you can use to buy your REQ tokens once you are ready, and you can use anyone that is convenient for you.
Binance
Binance is a reliable platform for buying all kinds of tokens because of its deep liquidity which ensures you never lack buyers. This could be why it is the most popular crypto exchange in the world.
You can buy by bank transfer which is free, or use your debit or credit card which gives you instant purchase with a modest 2% fee. Binance is easy to use for both beginners and experienced crypto investors.
It also charges some of the lowest fees in the industry, so you can trust it for buying your tokens. On top of that, the exchange uses proof of reserves which is a feature that ensures users’ funds are protected using a funds reserve.
Kraken
Kraken is a top U.S crypto exchange known for its top-notch security. Founded in 2011, the exchange’s security has never been breached in any way, which has won it much acclaim. Though designed with several excellent features for advanced traders, it is also easily usable by beginners.
The great thing about Kraken is that it allows you to also stake your Request tokens to earn rewards up to 25%. The fees are also on the low side, so it is a perfect place to buy your REQ.
KuCoin
KuCoin is another user-friendly crypto trading platform you can use to buy your REQ tokens. Like Binance, it has a unique collection of crypto assets that most other exchanges may not have.
The exchange is currently used by over 30 million worldwide, except in jurisdictions where local regulations don’t permit. KuCoin is also known for low fees compared to most exchanges, and offers a variety of ways to buy tokens.
KuCoin also uses proof of reserves, which means its users’ funds are fully secured and insured. It also has different earning programs that you can use your REQ for after buying.
Gate.io
Gate.io is a simple crypto trading platform that refers to itself as the gateway to the cryptocurrency world. It is one of the exchanges where you can easily buy REQ using different methods such as Express, bank transfer, or debit/credit cards.
The platform also offers several earning opportunities including Learn and Earn, HODL and Ear, and Structured Products. You can easily participate in any of these programs and earn some extra income with your REQ.
CoinEX
CoinEX is a crypto exchange used in over 200 countries worldwide. The exchange’s popularity stems from its simple user interface that allows literally anyone to use it to buy and trade crypto assets.
You can only buy REQ on this platform using another cryptocurrency as direct fiat deposit isn’t supported. If you want fiat deposit, you may need to use the other options listed in this guide.
