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 UFT on BYDFi. We'll guide you through it
Choose how to purchase UFT 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 (UFT). 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 UFT 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 UFT 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
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 UFT 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 UFT
Trade
Answers
What is Unilend?
Unilend is a permission-less DeFi protocol that combines spot trading services and lending/borrowing functionality within the same platform. Unlike other DeFi protocols that support only a limited number of assets, UniLend allows anyone to list any ERC20 asset for decentralized trading and lending/borrowing.
UniLend's mission is to unlock the true potential of decentralized finance by including the $29B worth of ERC20 tokens that are currently excluded from DeFi.
How is UniLend different from other DeFi protocols?
Existing DeFi solutions have left the majority of digital assets outside of the DeFi ecosystem. Despite there being over 6000 tokens listed on BYDFi, other DeFi protocols support less than 30 assets. Some protocols offer limited lending and borrowing options, while others allow trading of any ERC20 assets but neglect the lending and borrowing aspect.
UniLend bridges this gap by combining decentralization with the ability to use any ERC20 as collateral for lending and borrowing, while also providing a platform for asset trading. The ultimate goal of UniLend is to unlock the full potential of digital assets for their owners.
What is the purpose of UniLend's native UFT token?
The UFT token is primarily used for governing the UniLend protocol. UFT holders can participate in decision-making through proposals that require majority consensus to be implemented.
Liquidity providers play a crucial role in ensuring the sustainability of decentralized finance protocols by providing liquidity within the protocol. As a reward, liquidity providers receive UFT tokens through liquidity mining, as well as a percentage of trading and borrowing fees.
Platform users who engage in lending, borrowing, or trading on UniLend are also rewarded with UFT tokens. These tokens grant governance power and encourage the use of the platform's services, as well as facilitate distributed governance.
