How to Buy
5 steps to buy on BYDFi
Open BYDFi account for free
Sign up for BYDFi with your email/mobile number and create a strong password to protect your account
Keep your account safe
Enable Google Authentication (2FA), set anti-phishing code, and trading password to add an extra layer of protection to your account.
Verify account
Enter your personal information and upload a photo of your valid ID cardVerify your personal identity
Add payment method
Once your BYDFi account is verified, add credit/debit card or bank account
Buy
There are various payment methods available to purchase CFX on BYDFi. We'll guide you through it
Choose how to purchase CFX on BYDFi
Buying coins on BYDFi is easy and convenient. Explore different ways to buy
- 1
Buy with credit/debit card
This is the easiest way for new users to buy (CFX). Connect your credit/debit card to your account, enter the amount, and wait for the transaction to complete
- 2
Buy through third-party channels
BYDFi supports a variety of leading third-party payment services. Visit ourThird-party payment pageCheck out the payment methods available in your area
- 3
Buy on BYDFi's Spot market
BYDFi's Spot market offers 700+ Coin pairs, making it the most popular buying platform. Buying methods are as follows:1. Buy stablecoins through BYDFi, third-party Coin buying channels. Additionally, you can transfer crypto assets from other wallets or exchanges to the BYDFi platform. Please make sure to choose the correct blockchain network, once you deposit your funds to the wrong address it cannot be reversed.2. Transfer your crypto to BYDFi account. Find the trading pair you want to trade on BYDFi's spot market. Place an order to exchange your currency to
Note: BYDFi offers a variety of order types to buy in the spot market, such as market orders to buy immediately and limit orders to buy at a specific price. For more information about BYDFi order types, click here3. After a successful trade, you can view the available in your account
How to store ?
The best way to store will vary depending on your needs and preferences. Check out the pros and cons to find the best way to store
Store CFX in your BYDFi account
Storing assets on BYDFi will give you quick access to trading products such as spot and contract trading, savings, lending, and more. BYDFi acts as the custodian of your crypto assets, saving you the hassle of keeping your private keys. Make sure to set strong passwords and upgrade your security settings to prevent malicious actions from accessing your assets
Deposit your CFX to the wallet
「No key, can't withdraw」If security is your biggest concern, you can withdraw to a decentralized wallet, so you can easily manage your key. You can use any type of wallet, including smart wallets, Web3 wallets or paper wallets. Note that this option may not be convenient if you want to frequently trade or use your assets. Be sure to store your private key in a secure location as loss of the key could result in the permanent loss of .
How you can use with BYDFi
Hold
Store in your BYDFi account.
Trade
Trade in spot and futures markets.
Why is BYDFi the best platform to buy ?
Safe and reliable
Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and insurance fund protect your account.
High liquidity
BYDFi has highly liquid buy and sell orders for all listed cryptocurrencies, providing a liquid trading experience with tight spreads
Gem cryptocurrency platform
Supporting over 500 cryptocurrencies, BYDFi is the best platform to find your next Gem. You can buy CFX on BYDFi and use it to exchange other crypto assets.
Friendly interface
Thanks to its simple interface and superior technology, buying on BYDFi is quick and convenient. Buy Coin on BYDFi to receive CFX
Trade
Answers
Is Conflux a Good Investment?
Conflux is a promising cryptocurrency to invest in, especially if you wish to diversify your portfolio into the Web3 and DeFi sectors of the industry. The highly efficient and scalable blockchain offers a robust platform to develop scalable dApps and could experience an uptick in adoption as Web3 goes mainstream.
The rising adoption of the Conflux ecosystem among dApp developers and users could drive up the value of CFX token. The CFX price could also experience an uptrend amid the networks rising staking and mining activities.
Positive market sentiment towards cryptocurrencies could also benefit the CFX price statistics. A risk-on mood encourages buying activity that could increase the price of Conflux.
What Factors Influence the Conflux Price?
While it is impossible to provide an accurate prediction of the CFX crypto price over time, there are several key factors that can affect its price action and volatility. These factors include:
Level of Adoption
As more developers design and deploy dApps on the Conflux Network, the value of the CFX token could potentially increase. The increased on-chain activity resulting from more users accessing these dApps can also contribute to an uptick in the CFX price.
Future Developments
Investor confidence tends to rise when Conflux announces new upgrades, partnerships, integrations, and investments in its project. Such developments can also contribute to bullish momentum in the Conflux price in the market.
Market Outlook
A positive outlook towards crypto assets in general, as well as Web3, DeFi, and other areas of the crypto industry, plays a crucial role in driving price action in the CFX crypto. A positive sentiment among investors leads to increased buying activity, thereby driving up the price of the Conflux token. Conversely, a bearish or risk-averse sentiment towards crypto assets could weaken the CFX price.
What Is CFX Token Used For?
CFX is the native token of the Conflux Network and has various applications:
Native Currency
CFX is used to pay transaction fees when executing smart contracts, interacting with dApps, or using the Conflux blockchain. It serves as the utility token of the Conflux ecosystem.
Incentive Token
CFX is also distributed as a reward to miners who contribute towards the PoW consensus mechanism of the Conflux Network. Miners receive rewards in CFX for helping validate transactions and produce new blocks that get added to the network.
Staking
The Conflux Network utilizes a unique consensus model of enhanced PoW with PoS finality. This allows users to stake CFX on the network and earn rewards, growing their holdings conveniently.
Crypto Asset to Trade and HODL
Trade Conflux against other cryptocurrencies to profit from changing market conditions and volatility. You can buy or sell CFX against other crypto assets or hold it long-term if you believe in the future potential of the Conflux Network. Review the current price of Conflux coin, CFX current market cap, current circulating supply, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the CFX price chart before trading Conflux Network.
Earn Passive Income on BYDFi
You can also grow your CFX holdings safely and quickly with BYDFi Crypto Lending. Use this feature to lend liquidity in CFX to BYDFi and earn attractive daily interest over seven days, 14 days, or 28 days.
How to Stake CFX Crypto
You can stake CFX on Conflux to contribute to the PoS finality of the networks consensus mechanism and earn passive income. Here's how to stake CFX on Conflux:
1. Create an account on Fluent Wallet - the official crypto wallet of Conflux Network. Fund your wallet with sufficient tokens by buying Conflux on BYDFi or other supported platforms and withdrawing the tokens to your wallet address.
2. Visit the Staking section of the Conflux Network website and connect your wallet to the interface.
3. Enter the number of CFX tokens you wish to stake on the Stake & Unstake section of the page.
4. Click on Stake to process the transaction and stake your tokens.
5. Sit back, earn rewards, and grow your crypto holdings by staking $CFX on Conflux Network.
You can also lock your CFX holdings on the page to participate in the governance mechanism and enjoy voting rights. To do this, enter the number of CFX tokens in the Lock section of the page, select your locking duration, review the final total voting rights, and click on Lock to confirm the transaction.
Who Are Conflux Networks Partners and Investors?
Investors in the Conflux Foundation include Fundamental Labs, Baidu Ventures, Sequoia Capital China, and more. Conflux Networks investors include Galaxy Blitz, DWF Labs, Shanghai Science and Technology Committee, 7 Star Capital, Bitrise Capital, BSG Group, and F2Pool.
Some of the projects and companies the Conflux Network has partnered with include Celer, Top Network, TEEX, Oath Protocol, bloXRoute Labs, Bifrost, Chainlink, and more.
