Introduction
Coinbase users in United States can buy RED via DEX trading on Coinbase. While RED does not directly trade on Coinbase’s centralized exchange, you can still buy, sell, and manage it using Coinbase’s decentralized exchange trading experience (DEX). Coinbase DEX gives you access to thousands of tokens, including RED, with fast, easy trading all within one app. Here’s a step-by-step guide.
Where and how you can buy RED with detailed instructions to make it easy.
Data about RED including price performance and other stats helpful for market analysis.
Other assets similar to RED and their respective how to buy pages.
What you’ll learn about RED
Buying RED on Coinbase
Create a Coinbase account
Download the Coinbase app and start the sign up process. You will need a valid ID and may be asked for proof of address in order to transact. Verifying your ID may take longer than a few minutes, depending on where you live.
Add a payment method
Connect and fund your account using crypto or traditional payment methods, such as a debit card.
Search for RED
Tap the Home search bar to find RED. Its asset page will show a “DEX” tag above its chart to indicate exclusive availability via decentralized exchanges on the Ethereum, Base, or Solana networks.
Start a DEX trade
Click “Buy & Sell” below to initiate a DEX trade. Click “Pay with” any amount of USDC (or other available USD funds) and carefully review the amount of RED you want to buy while noting its price details and fees.
Complete your DEX trade
Once your DEX trade is completed on a decentralized exchange, your new RED balance can now be easily managed in your Coinbase portfolio.
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Commonly asked questions
Yes. You can buy RED directly through Coinbase using a DEX trade. Simply create a Coinbase account, add a payment method, and trade for RED via decentralized exchanges supported on Coinbase.
Right now, we do not have enough price data to estimate how much it will cost to buy 1 RED.
Not directly. To buy RED, you'll first need to fund your Coinbase account using a supported payment method, such as a debit card or an existing crypto balance. Then, search for RED, initiate a DEX trade, and exchange USDC (or other available USD funds) for RED.
Currently, only US customers are able to buy RED or add US dollars using PayPal. All other customers are only able to use PayPal to cash out or sell, and transaction availability depends on region.
You can use a digital gift card purchased from online merchants to redeem on Coinbase accounts for the purchase of RED. Gift cards are currently only available in the U.S. at this time (redemption excluded in Hawaii). For more information on how to use and redeem gift cards, check out our help center.
Fees to trade RED depend on Ethereum network fees. There are a number of factors that affect fees, including how busy the network is, how complicated your transaction is, and how fast you'd like to complete the transaction. When exchanging for RED, be sure to leave enough ETH in your Coinbase Wallet to account for the 1% transaction fee for all swaps.
There are several payment methods you can use to buy ETH, which you can then use to trade for RED. A full list of payment methods and best use cases can be found in our help center. At this time, credit cards cannot be used to purchase ETH in order to trade or swap for RED.
RED market performance overview
What if I bought $
of RED in
*Return based on average token prices for the year.
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*Prices shown are for illustrative purposes only. Actual cryptocurrency prices may vary.
Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges. Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.
Information is provided for educational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided. Coinbase is not registered with the U.S. Securities and Exchange Commission or the U.S. Commodity Futures Trading Commission. Information on this page is intended for and directed to customers in the United States only. Coinbase fees may apply. Links provided to third-party sites are not under Coinbase control, and Coinbase is not responsible for content on such third-party sites.
