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 DPX on BYDFi. We'll guide you through it
Choose how to purchase DPX 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 (DPX). 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 DPX 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 DPX 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 DPX 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 DPX
Trade
Answers
Is Dopex a Good Investment?
Dopex is an intriguing crypto asset to consider for your investment portfolio, particularly if you believe in the potential of decentralized finance (DeFi). With the growing DeFi market and the demand for advanced trading capabilities, Dopex has the potential to shine. As Dopex adds more products and services and expands into other blockchain ecosystems, the DPX price statistics could be positively impacted. These developments can increase liquidity and make Dopex more appealing to options traders, driving up the demand for the DPX token and supporting the price of Dopex crypto. Additionally, positive market sentiment toward cryptocurrencies can contribute to bullish moves in the DPX price, especially when the investor mood is risk-on and encourages buying activity in the crypto market.
What Is the Dopex Price Prediction?
It is impossible to offer an accurate DPX crypto price prediction over any duration. However, you can monitor key fundamentals to gain a better understanding of the price action and volatility in the DPX token:
Level of Use
As more traders sign up to use the Dopex platform for options trading, the demand for the DPX token could increase, potentially driving up its value.
Innovation in Use Cases
Introducing new use cases for the DPX cryptocurrency beyond a governance token can make it more attractive to buy and hold. This can encourage more users to invest in the token, driving up the price of Dopex coin.
New Features and Integrations
The DPX price can also strengthen when Dopex adds new products and services, announces new integrations, and expands to support more tokens or blockchain networks. These developments can enhance the protocol's efficiency and liquidity, supporting the price of Dopex crypto.
Market Outlook
A favorable market outlook toward digital assets, particularly DeFi, can significantly impact the DPX price. Bullish sentiment among crypto investors increases buying activity, which can drive up the value of Dopex.
What Is DPX Token Used For?
DPX is one of the two native tokens of the Dopex protocol and serves the following purposes:
Governance Token
As the governance token, DPX enables token holders to vote on protocol and app-level proposals, supporting the decentralized governance mechanism of the platform.
Rewards
DPX accrues fees and revenue from Dopex pools, vaults, and wrappers built on the protocol. Platform rewards earned in DPX are distributed over approximately five years, incentivizing users to continue using and maintaining the platform.
Crypto Asset to Trade and HODL
Trade Dopex against other cryptocurrencies to profit from market conditions and volatility. You can buy or sell DPX against other crypto assets or hold it if you believe in the future potential of the Dopex protocol. Before trading Dopex, check the current price, market cap, circulating supply, and trading volume, and perform technical, sentiment, and fundamental analysis on the DPX price chart.
How to Stake DPX on Dopex
You can stake DPX while selling the tokens as call options to buyers on Dopex, earning a yield on your holdings and growing your portfolio. Here's how:
1. Visit the Dopex dApp and connect your wallet to its interface.
2. Ensure your wallet is funded with DPX and WETH tokens for the LP Farm offering. Buy DPX on BYDFi or other supported platforms and withdraw your tokens to your wallet. Obtain ETH from BYDFi and wrap it using a bridge to use on Dopex.
3. Go to the Stake tab of the Dopex app.
4. Select the DPX-WETH LP Farm option and click on Manage.
5. Enter the amount of DPX and WETH you want to add as liquidity to the protocol.
6. Confirm the transaction from your wallet.
7. Sit back, earn rewards, and grow your crypto portfolio by staking DPX on Dopex.
Who Are Investors and Partners of Dopex?
Dopex's investors are pseudonymous crypto whales whose information is only available through their Twitter handles. Notable investors include Tetranode, Demigod, and DCV Capital, forming a collective of angel investors in the protocol.
Other partners of Dopex include OrcaTraders, Pattern Research, DEBASE, David lach, Hardwood, and more.
