How to Buy Request Network (REQ) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Request Network, and is trustworthy!

You can find our top 3 exchanges for buying Request Network here, alternatively you can also check our comparison of the best Australian crypto exchanges if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Request Network

And of course, the final step is to find Request Network on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Request Network (REQ)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Request Network

  1. Sign into the exchange
  2. Find where you stored your Request Network, either on a hardware wallet or on the exchange.
  3. Transfer your Request Network to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Request Network.
Businessman looking at crypto trend

Considerations when looking to buy Request Network.

REQ is available on Coinbase, Binance and crypto.com. The Request Network open-source protocol is powered by the REQ token via several mechanisms. These include: * anti-spam * governance • staking • discounts • independence. 

The Request (REQ utility token) was launched in 2017 and ensures the stability and performance of the Request Network. The Request Network is an Ethereum-based, decentralized payment system that allows anyone to request payment and receive money via secure means. It eliminates the need for third parties to offer a more cost-effective and secure payment option that can be used with all currencies worldwide.

A user can create a payment request. They will specify the address to which the payment should be sent and the amount. A user can also set the terms and conditions for the payment. This allows them to transform a request into an invoice. After this step is complete, the user can send their request for payment to their counterparty.

Each step is documented and stored on a Request network. This allows everyone to keep track of invoices and payments and for accounting purposes.

To ensure compliance with trade laws in each country, request is integrated into the legislation.

Payments on Request can be made by sending an invoice via the blockchain. The counterparty can then identify the request and pay it in one click, peer-to-peer. Request has one of the most important advantages: The payments are not pulled-generated but push-generated. Users don't have to share their account information. Blockchain technology can also reduce transaction costs by eliminating the need to use third-party processors.

Apps that build stuff people want using Request Network open source protocol are another key benefit for their users. Users can interact with a variety of financial tools that work together. Apps can interact with each other, which is the opposite of the siloed and capitalistic web2 industry. An app can be used to create an invoice for a company. The payment request is sent to a second app, which allows it to be paid. Once the payment request has been received, the invoice can be drawn on instant financing via a third DeFi app

The Request Network uses decentralized blockchains like IPFS and Ethereum to provide an enhanced level of privacy, security, and data ownership for end-users. Transaction fees are a cost associated with broadcasting a change to the Blockchain Network. Transaction fees are used as an incentive to miners to agree on the network's state.

You can store REQ in wallets like Metamask and MyEtherWallet.