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HomepageHow to buy cryptoHow to Buy
Update Time: 2023-09-25

How to Buy

More and more people are wondering how to buy as these coins are very popular on the market

5 steps to buy on BYDFi

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    Open BYDFi account for free

    Sign up for BYDFi with your email/mobile number and create a strong password to protect your account

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    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.

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    Verify account

    Enter your personal information and upload a photo of your valid ID cardVerify your personal identity

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    Add payment method

    Once your BYDFi account is verified, add credit/debit card or bank account

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    Buy

    There are various payment methods available to purchase EOS on BYDFi. We'll guide you through it

Choose how to purchase EOS 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 (EOS). 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
    common-how-to-buy-tips-0Note: 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 here
    3. 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 EOS 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 EOS 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

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Hold

Store in your BYDFi account.

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Trade

Trade in spot and futures markets.

Why is BYDFi the best platform to buy ?

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    Safe and reliable

    Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and insurance fund protect your account.

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    High liquidity

    BYDFi has highly liquid buy and sell orders for all listed cryptocurrencies, providing a liquid trading experience with tight spreads

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    Gem cryptocurrency platform

    Supporting over 500 cryptocurrencies, BYDFi is the best platform to find your next Gem. You can buy EOS on BYDFi and use it to exchange other crypto assets.

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    Friendly interface

    Thanks to its simple interface and superior technology, buying on BYDFi is quick and convenient. Buy Coin on BYDFi to receive EOS

Trade

    Answers

    Is EOS a Good Investment?

    EOS has been a well-established blockchain platform in the market for several years, adding new features and supporting more applications. This makes the project an attractive investment to consider including in your portfolio. Judging by its price history, the EOS price could head higher in the future amid the rising adoption of its ecosystem by dApps and enterprises. More innovation to differentiate its technology and make it superior to its competition could also support the value of EOS and drive it higher. In addition, as one of the largest virtual assets by market cap, EOS price action is very sensitive to the overall market sentiment. A bullish mood among crypto investors could also see more buying action in the crypto and support the EOS price statistics in the future.

    How much is 1 EOS worth?

    The EOS price fluctuates based on numerous factors, including fundamentals related to the blockchain, general market conditions, and investor sentiment towards digital assets. The value of EOS could trend higher due to the following factors:

    1. A positive market sentiment which increases interest among investors in buying EOS and other cryptos.

    2. Increased adoption of the EOS ecosystem by dApp developers and users.

    3. Upgrades from the EOS developers that make the blockchain more efficient to use.

    On the other hand, the price of EOS could trend lower amid factors such as:

    1. Negative market sentiment toward cryptocurrencies driven by a risk-off mood in the global financial market.

    2. Increased competition from newer blockchains that offer more attractive platforms for dApp developers and users.

    Is EOS Crypto Environmentally Friendly?

    The EOS blockchain technology leverages a delegated proof of stake mechanism for achieving consensus, which is far more energy-efficient than proof-of-work blockchains like Bitcoin and Ethereum. As a result, running dApps on the EOS blockchain consumes far less computing power and energy resources, making it a greener blockchain than Ethereum.

    According to analysis, EOS is 66,454 times more energy-efficient than Bitcoin and 17,236 times more energy-efficient than the Ethereum blockchain. The EOS mainnet consumes just over 630 MWh of energy and emits only 281 tons of CO2 annually, less than 0.01% of Bitcoins emissions.

    Another exciting factor is EOSs commitment to sustainability, which makes it one of the world's greenest and environmentally responsible blockchain ecosystems. The network hosts several projects that help it earn carbon credits to help offset the entire EOS carbon footprint for a year.

    Who Created EOSIO and EOS Crypto?

    Block.one developed the EOSIO platform based on a whitepaper published in 2017. The first testnet of EOSIO, Dawn 1.0, was launched on 3 September 2017, followed by the second testnet, Dawn 2.0, released on 4 December 2017. Two more testnet versions, Dawn 3.0 and Dawn 4.0, were released on 25 January 2018 and 7 May 2018, respectively. EOSIO 1.0 mainnet launch took place on 1 June 2018. Block.one distributed one billion EOS tokens as ERC-20 tokens for the initial coin offering (ICO). The token sale raised more than $4 billion to develop the EOSIO platform during its ICO. However, Block.one ran into regulatory challenges with the US SEC over the unregistered ICO and was later fined $24 million in September 2019. EOSIO v2.0 went live in October 2019, followed by a decision by the block producers to reduce the EOS token inflation rate from 5% to 1% in February 2020. This led to a token burning that destroyed over 34 million EOS coins from the circulating supply.

    How can I stake EOS?

    You can stake EOS through supported DeFi platforms or cryptocurrency exchanges. You can also stake EOS to become a block producer or participate in the governance of the EOS blockchain ecosystem.

    Here's how to delegate your stake to a block producer via REX:

    1. Create an account with REX - the official wallet of the EOS network. The Resource Engine on EOS is a marketplace where you can access network resources.

    2. Add your REX wallet details to the EOS Authority interface.

    3. Go to BYDFi or any other exchange where EOS is listed to purchase the cryptocurrency.

    4. Transfer the EOS tokens you bought from BYDFi or other platforms to your REX wallet.

    5. Click on the Lend option in your REX account and stake to select a block producer on the network.

    6. Enter the number of EOS tokens you want to stake, verify the transaction details, and confirm.

    7. Sit back and receive EOS tokens as rewards for your staking.

    Price analysis

    Real-time price

    EOS today's price is USD, its Reduce 0% over the past week, and Reduce % over the past 24 hours

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    Lowest price $ --
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    Disclaimer

    Due to the volatile market nature of cryptocurrencies, prices are subject to market influences and price fluctuations. We recommend that you clearly understand the operating principles and associated risks of digital assets before investing in digital assets. Other factors you need to consider when developing a cryptocurrency investment strategy include your experience, financial situation, investment goals and risk tolerance. You should also consult a financial advisor before purchasing cryptocurrency. None of the above information constitutes financial advice and past market performance cannot accurately predict future performance. The value of your investments and the value of your assets may change as market conditions change and there is no guarantee that you will get your investment back or make a profit on your investment. Your investment decisions are entirely your responsibility and BYDFi is not responsible for any losses you may incur while purchasing cryptocurrencies on the platform. We rely on third party sources of information regarding prices and other cryptocurrency-related information listed above and we are not responsible for the reliability or accuracy of such information. The information provided to you is for reference only, BYDFi does not guarantee this information.

    avatarmentallydevNov 22, 2021 · 3 years ago4 answers

    What are the advantages of investing in eos?

    What are the key benefits of investing in eos and how does it differ from other cryptocurrencies?

    Eos
    Cryptocurrency
    Investment
    What are the advantages of investing in eos?