Rai Reflex Index (RAI) is an Ethereum token that aims to maintain a stable value. The RAI-USD exchange rate is determined by supply and demand while the protocol that issues RAI tries to stabilize its price by constantly de- or re-valuing it.

The supply and demand mechanic plays out between two parties: SAFE users (those who generate RAI with their ETH) and RAI holders (those who hold, speculate on or use RAI in other protocols and apps). 

What products support RAI? 

  Send/Receive Trading
Coinbase            ✔      ✔
Pro            ✔       ✔
Wallet            ✔     ✖️  

What regions support RAI?

  US NY CAN  EU UK SG
Coinbase  ✔  ✖️   ✔   ✔   ✔  ✔
Pro  ✔ ✖️    ✔   ✔   ✔  ✔
Wallet  ✔  ✔   ✔   ✔  ✔  ✔

Crypto to fiat trading pairs

   US UK EU
USD    ✔  ✖️  ✖️
GBP  ✖️ ✖️ ✖️
EUR  ✖️ ✖️ ✖️

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs

  USDC USDT BTC ETH
RAI    ✖️   ✖️  ✖️  ✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for RAI?

RAI requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts RAI?

RAI is hosted on Ethereum.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.000000000000000001

Maximum: 41,000