# THETA to Raydium (THETA to RAY): no-KYC swap on GhostSwap > Send THETA on Theta Network and receive Raydium (RAY, an SPL token on Solana) in your own wallet, with no account and no KYC. It is a cross-chain swap from Theta Network to Solana, with no bridge and no wrapped tokens. Most THETA to RAY swaps are paid out within 10–25 minutes. Swap page: https://ghostswap.io/exchange/theta-ray/ Updated: 2026-10-02 ## At a glance | | | |---|---| | You send | THETA (THETA), Theta Network | | You receive | Raydium (RAY), SPL token on Solana | | Your RAY address | Solana address that is 32–44 letters and numbers with no 0x prefix. Wallets: Phantom, Solflare or a Ledger | | Deposit network fee | Paid in TFUEL by your wallet | | Deposit confirmation | A few minutes on Theta Network | | RAY payout | Sent to your address as soon as the swap completes; Solana confirms it in under a minute | | Typical swap time | 10–25 minutes until your RAY is sent | | Reference rate | 1 THETA ≈ 0.100289 RAY · 1 RAY ≈ 9.9712 THETA (market prices, 10 Oct 2026) | | Limits | The exact minimum and maximum THETA amounts are shown live in the exchange box | | Account / KYC | None for standard swaps: no sign-up, no email, no ID | | Tracking | Status page with your swap ID; THETA on Theta Explorer; RAY on Solscan | | Reverse swap | [RAY to THETA](https://ghostswap.io/exchange/ray-theta/) | ## How to swap THETA to RAY 1. Open https://ghostswap.io/exchange/theta-ray/ and enter the amount of THETA to send. 2. Paste the RAY address that should receive the coins. 3. Enter the THETA address you are sending from, then confirm. 4. Send the THETA to the one-time deposit address shown. 5. Receive RAY in your wallet and follow the status page with your swap ID. ## FAQ ### How long does it take to swap THETA to RAY on GhostSwap? Most THETA to RAY swaps are paid out within 10–25 minutes: the THETA deposit needs a few minutes to confirm on Theta Network, then the RAY is sent to your wallet, and Solana confirms the payout in under a minute. Busy networks can add a few minutes. ### How much is 1 THETA in RAY? 1 THETA is worth about 0.100289 RAY at the market rate, before fees (market prices, 10 Oct 2026). GhostSwap's quote in the exchange box already includes the service fee and the RAY network fee. The rate floats with the market until your THETA deposit confirms, so the exchange box shows the exact amount before you send. ### Do I need KYC or an account to exchange THETA to RAY? No. GhostSwap has no accounts: you paste the Solana address that should receive the RAY, send THETA from your own wallet, and the RAY goes straight to that address. No email, phone number or ID upload. ### What are the fees for converting THETA to Raydium? The GhostSwap fee is already included in the rate in the exchange box, so the RAY amount you see is what you receive. On top of that, the Theta Network network fee for your deposit is paid in THETA by your wallet. ### What wallet should I use to receive RAY? To receive Raydium from your swap, we recommend using Phantom, Solflare or a Ledger. Make sure your wallet supports the Solana (SPL token) network before starting the exchange. Double-check your RAY address before confirming, cryptocurrency transactions cannot be reversed. ### What format is the RAY address? Use a Solana address: it is 32–44 letters and numbers with no 0x prefix. Copy it from your wallet and paste it; never type it by hand. Sending RAY to an address on another network can lose the coins. ### Can I track my THETA to RAY swap? Yes. After initiating your swap, GhostSwap provides a transaction status page where you can monitor progress in real-time. You can also track your THETA payment on Theta Explorer (https://explorer.thetatoken.org) and your incoming RAY on Solscan (https://solscan.io). ### Is it safe to exchange THETA for RAY on GhostSwap? GhostSwap is non-custodial: there is no account balance holding your coins. Your THETA deposit is converted and the RAY is sent straight to the Solana address you enter, so check that address twice, Solana transfers cannot be reversed. ### How does a cross-chain THETA to RAY swap work? THETA lives on Theta Network and Raydium on Solana, two separate blockchains. Instead of a bridge, GhostSwap takes your THETA on Theta Network and pays native RAY on Solana, so you never hold a wrapped token or pay bridge fees. ### What happens if my THETA to RAY exchange fails? If a swap cannot be completed, the THETA is refunded to the Theta Network address you entered as the sender address. If something looks stuck, contact support with your swap ID from the status page. Most problems come from sending a different amount than shown or using an address on the wrong network. ## Related - [Reverse: RAY to THETA](https://ghostswap.io/exchange/ray-theta/) ([Markdown](https://ghostswap.io/exchange/ray-theta.md)) - [All GhostSwap pairs](https://ghostswap.io/exchange/) - [How to exchange](https://ghostswap.io/how-to-exchange/) - [Site guide for AI assistants](https://ghostswap.io/llms.txt)