How to BuySYS(syscoin)
5 Steps to Buy SYS(syscoin) on BYDFi
Create Your Free BYDFi Account
Sign up on BYDFi with your email/phone and set a strong password to secure your account.
Secure Your Account
Enhance account security with Google Authenticator, anti-phishing code, and fund password.
Verify Your Account
Enter your personal information and upload a photo of your valid ID card toverify your account
Add Payment Method
Once your BYDFi account is verified, add credit/debit card or bank account
BuySYS(syscoin)
There are various payment methods available to purchase SYS on BYDFi. We'll guide you through it
Choose how to purchase SYS on BYDFi
Buying coins on BYDFi is easy and convenient. Explore different ways to buy SYS(syscoin)
- 1
Buy SYS(syscoin) with Credit/Debit Card
This is the easiest way for new users to buy (SYS). Connect your credit/debit card to your account, enter the amount, and wait for the transaction to complete
- 2
Buy SYS(syscoin) 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 SYS(syscoin) on BYDFi's Spot market
BYDFi's Spot market offers 700+ Coin pairs, making it the most popular SYS(syscoin) 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 SYS(syscoin) trading pair you want to trade on BYDFi's spot market. Place an order to exchange your currency to SYS(syscoin)
Note: BYDFi offers a variety of order types to buy SYS(syscoin) 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 SYS(syscoin) in your account
How to store SYS(syscoin)?
The best way to store SYS(syscoin) will vary depending on your needs and preferences. Check out the pros and cons to find the best way to store SYS(syscoin)
Store SYS 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 SYS to the wallet
「No key, can't withdraw」If security is your biggest concern, you can withdraw SYS(syscoin) 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 SYS(syscoin) 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 SYS(syscoin).
How you can use SYS(syscoin) with BYDFi
Hold
Store SYS(syscoin) in your BYDFi account.
Trade
Trade SYS(syscoin) in spot and futures markets.
Why is BYDFi the best platform to buy SYS(syscoin)?
Safe and Reliable
Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed 1:1 by physical assets. BYDFi was recognized as one of the best cryptocurrency exchanges of 2021 by Forbes and named the Best Cryptocurrency App of 2022 by Ascent.
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 SYS on BYDFi and use it to exchange other crypto assets.
Friendly interface
Thanks to its simple interface and superior technology, buying SYS(syscoin) on BYDFi is quick and convenient. Buy Coin on BYDFi to receive SYS
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Answers
What Is Syscoin (SYS)?
Developed as a fork of Bitcoin in 2014, Syscoin (SYS) combines the best features of Bitcoin (BTC) and Ethereum (ETH). The blockchain network leverages Bitcoins Proof of Work (PoW) consensus algorithm for security and immutability, and Ethereum Virtual Machine (EVM) for smart contract functionality.
Syscoin is designed to support the future of smart contracts within Metaverse, IoT, Smart Cities, and future interplanetary economies. Syscoin's roadmap includes implementation of ZK-Rollups, Optimistic Rollups, Validium, and DAOSYS which is a new kind of DAO that aims to provide governance-free treasury management and self-sovereignty for all participants.
Syscoin envisions societies with extraordinary levels of financial inclusion and worlds in which every person and business has freedom to benefit from Web3 and beyond. It aims to bring the capabilities of Ethereum and Satoshi Nakamoto's initial concept for Bitcoin to Syscoin to open up new possibilities for a decentralized future.
The protocol offers its own version of EVM, known as Network Enhanced Virtual Machine (NEVM). This allows it to support Ethereum-compatible smart contracts and rollups on its network while giving developers the freedom to deploy or migrate secure and decentralized Web3 applications on Syscoin. Furthermore, Syscoin features other layer-2 solutions like Z-DAG and the Syscoin Bridge to enhance scalability, interoperability and performance.
Who Are the Founders of Syscoin?
Syscoin was created in 2014 by Sebastian Schepis — one of the co-founders of the company that created what became the Oracle Project Manager, an enterprise management system. Following the success of Project Manager, Sebastian has gone on to consult for large corporations like Lockheed-Martin, Bank of America, General Dynamics, Verizon Wireless, and several others
Today, the Syscoin project is being led by a team in the blockchain field, including Jagdeep Sidhu (Foundation President and Lead developer) and Michiel Näring, Syscoin Foundation Vice President.
What Makes Syscoin Unique?
The most unique feature of Syscoin is its ability to combine the strongest features of Bitcoin and Ethereum on a single platform. The protocol is based on Bitcoins SHA-256 PoW model and allows merged mining with Bitcoin. This means that miners can simultaneously mine both BTC and Syscoin at no extra cost. This provides a safer DeFi, effectively eliminating the risks of 51% attacks and long range miner extractable value (MEV attacks) that Ethereum remains susceptible to, while also retaining proven Nakamoto consensus and Proof of Work.
Moreover, the network utilizes a network of masternodes as a scalable service layer through ChainLocks. This is in addition to Syscoins own UTXO Token Platform, a scalable payment channel which allows users to send and receive tokens with low fees instantly, powered by the Z-DAG Protocol.
Syscoin is a dual-chain architecture with a rollup-centric design. This consists of an Ethereum-based blockchain called Network Enhanced Virtual Machine (NEVM), released December 6, 2021, which is compatible with any smart contracts or rollups built for Ethereum. The other blockchain is called Syscoin Core or Syscoin Main. It is a Bitcoin-based blockchain with an asset layer supporting both fungible and non-fungible tokens, taproot, a proprietary DAG protocol called Z-DAG, and more. The overall design enables users and developers to leverage the strengths of each "gold standard" model and Syscoin creates new synergies between them where appropriate. Both of these blockchains utilize the same supply of the native coin SYS which is based on EIP-1559. SYS owners can transfer SYS between both chains via the trustless and permissionless Syscoin Bridge which uses a 2-way peg mechanism.
For compliance, Syscoin provides Notary, an opt-in solution that enables enterprises to utilize Syscoin's public blockchain for their tokens while ensuring regulatory pre-compliance for individual transactions while asset owners retain self-custody. This provides the necessary technical groundwork for a future in which securities and stocks can participate in Defi on a public blockchain alongside other tokens.
What Is the Circulating Supply of Syscoin (SYS)?
Syscoin (SYS) is the native token of the Syscoin platform. Its tokenomics are based on Ethereums EIP-1559 proposal without a capped maximum supply. The supply of SYS is based on the protocol emission and deflationary burning of fees for transactions. At the time of writing, Syscoins circulating supply was 751,391,717 SYS.
Where Can You Buy Syscoin (SYS) Tokens?
You can buy and trade Syscoin in numerous cryptocurrency exchanges, including trading platforms like Binance, Bitget, BYDFi, Huobi and Gate.io.
Want to keep track of SYS prices live? Download the CMC mobile app.
