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 IMX on BYDFi. We'll guide you through it
Choose how to purchase IMX 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 (IMX). 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 IMX 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 IMX 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 IMX 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 IMX
Trade
Answers
Is Immutable X (IMX) a Good Investment?
ImmutableX could be an interesting crypto asset to add to your crypto portfolio, especially if you believe in the potential of NFTs. As one of the leading NFT marketplaces, the growth of this sector could make the IMX token a valuable investment in the future.
The IMX price could head higher as ImmutableX partners with more Web3 games and NFT collections to launch them on its platform. This could increase investor confidence and support the value of ImmutableX.
The ImmutableX price could also benefit from an improvement in market sentiment, not just towards cryptocurrencies in general but also towards Web3, NFTs, and GameFi. As a platform that supports crypto projects in these areas, the IMX price statistics could be boosted as more users and investors get interested in these areas.
What factors influence the price of IMX Crypto?
While it is impossible to accurately predict the price of ImmutableX (IMX) over any given timeframe, there are several fundamental factors that can impact its price action and volatility. These factors include:
Level of Adoption of ImmutableX
Increased adoption of the ImmutableX platform by developers for Web3 games and NFT collections can strengthen the price of the IMX token. More projects launching on the platform would attract more users, resulting in increased on-chain activity and making IMX a more valuable digital asset.
Future Developments of the ImmutableX Ecosystem
Future developments, such as partnerships with mainstream businesses outside the crypto industry, and upgrades that enhance the efficiency of the ImmutableX platform and marketplace, can contribute to an uptrend in the IMX price.
Market Sentiment
Market sentiment plays a crucial role in determining the price movement of IMX cryptocurrency. Positive or bullish sentiment towards digital assets and NFTs can drive gains in the ImmutableX price. Conversely, a bearish or risk-averse sentiment may lead to sell-offs that weaken the value of the IMX token.
How to Use IMX Token
$IMX is the native crypto asset of the ImmutableX ecosystem and serves the following purposes:
Native Currency
IMX is used to pay 20% of the protocol fee on every transaction undertaken on ImmutableX. Even if you do not own IMX, the ImmutableX platform converts the fees paid by buying $IMX on the open market for this purpose.
Staking
All the transaction fees paid in IMX are staked in the ImmutableX staking pool by the platform. You can earn rewards from the platforms revenues by staking IMX in this manner.
Governance Token
You can also enjoy voting rights and participate in the decentralized governance mechanism of ImmutableX by holding IMX. In this manner, you can contribute your thoughts on proposals that decide on the future evolution of the platform.
Crypto Asset to Trade and HODL
Trade ImmutableX against other cryptocurrencies to profit from market conditions and volatility changes. You can buy or sell IMX against other digital assets or hold it long-term if you believe in the future potential of ImmutableX.
Earn Passive Income on BYDFi
You can also leverage your IMX holdings to earn passive income on BYDFi through our Crypto Lending service. Lend liquidity in IMX here over a period of seven days, 14 days, or 28 days to earn daily interest and grow your crypto portfolio in a safe and risk-free manner.
