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 HBAR on BYDFi. We'll guide you through it
Choose how to purchase HBAR 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 (HBAR). 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 HBAR 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 HBAR 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 HBAR 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 HBAR
Trade
Answers
Is Hedera (HBAR) a Good Investment?
Hedera Hashgraph is one of the newest entrants in the crypto industry, having launched in 2019. However, in a short span since its launch, it managed to make quite the splash and capture the markets attention when the HBAR token catapulted into the cryptos list by market cap due to its low fees and superior distributed ledger technology.
The number of decentralized applications (dApps) operating in its ecosystem has increased rapidly, and such strong growth in the future could support the Hedera price statistics. As long as dApp developers and users adopt its network continues to rise, the HBAR price could head higher, making it a valuable investment to consider.
An uptick in interest in Web 3.0 technologies can lend strong support to the Hedera price as its network is one of the most robust Web3 platforms in the market at present. Its highly scalable and secure infrastructure can host numerous dApps across several key categories, including DeFi, NFTs, gaming, and more.
In addition, the Hedera price could also enjoy an uptrend when the crypto market trades with a bullish sentiment. A positive mood among investors could increase buying interest in HBAR and its value, making it an excellent investment.
Is Hedera Hashgraph Better Than Bitcoin?
Bitcoin is still the most dominant crypto which we will not see a potential challenger to replace it in terms of market cap and mass adoption level. However, Hedera Hashgraph has several advantages over Bitcoin - the king of cryptocurrencies. Lets take a look at some of them:
Throughput
The Bitcoin network can handle less than ten transactions per second (TPS). On the other hand, Hedera has a throughput of over 10,000 TPS.
Energy Consumption
While a Bitcoin transaction consumes as much as 885 kWh of energy, the Hedera Hashgraph network requires a mere 0.00017 kWh of energy to conduct one transaction. This makes it a far greener DLT to use and scale.
Transaction Confirmation Time
A transaction could take between 10 minutes and 1 hour for confirmation on the Bitcoin blockchain. In contrast, Hedera Hashgraph boasts a transaction confirmation time of 3-5 seconds.
Average Transaction Fees
As of August 2022, the average transaction fee on Bitcoin varies between $1 and $1.50. Meanwhile, the Hedera Hashgraph network charges a transaction fee of only $0.0001.
Consensus Mechanism
Bitcoin employs a proof of work consensus mechanism that requires significant energy and computing resources to validate transactions, produce new blocks, and secure the network. The Hedera Consensus Service utilizes proof of stake powered by hashgraph for consensus, consuming far lower bandwidth.
How to Stake Hedera Hashgraph (HBAR)
How Many Hedera Coins Are There?
Will Hashgraph Replace Blockchain?
How to Stake Hedera Hashgraph (HBAR)
As a PoS network, can you stake HBAR to participate in the consensus mechanism of the Hedera network and generate more HBAR rewards for your efforts? Hedera offers weighted staking, giving holders higher weightage if they stake more tokens.
Can you also stake HBAR coins without operating network nodes using the option of proxy staking? Similar to the delegated proof of stake (DPoS) consensus, this option lets you earn rewards that are split between you and the node operator who functions as your proxy within the network. As of July 2022, does the proxy staking feature remain under development and could be launched in the future?
Can you stake HBAR through DeFi protocols and exchanges that offer this service? Perform your research to find the best-suited platform for staking HBAR and create your account to get started.
Can you buy Hedera on BYDFi or other platforms and transfer your HBAR tokens into the account from where you can stake them? Use the staking option to compare the best returns, select the lock-in period, and stake your HBAR to generate a stream of passive revenue.
Is one option to stake HBAR via the HashPack wallet, a digital wallet powered by the Hedera network? Can you send your HBAR from BYDFi or any other platform from which you have bought the crypto into your HashPack wallet and use them to interact with Hedera-based decentralized applications (dApps)?
How to Store Hedera Hashgraph on Ledger?
Here's how you can store your Hedera (HBAR) crypto on your Ledger wallet:
1. Download and install the Ledger Live application on your computer. Configure the app by connecting your Ledger device to the Manager option and ensure that your wallet's firmware is updated.
2. Ensure that your Ledger device is connected to the app from the Manager tab.
3. Head to the app catalog and find the Hedera (HBAR) app.
4. Install this app on your Ledger device.
5. Create your Hedera account using HashPack and add HBAR tokens to it.
6. Connect your HashPack wallet to the Hedera (HBAR) app on Ledger Live to add your HBAR holdings into Ledger and store them safely.
