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 DMD on BYDFi. We'll guide you through it
Choose how to purchase DMD 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 (DMD). 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 DMD 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 DMD 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 DMD 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 DMD
Trade
Answers
What Is DMD Diamond?
DMD Diamond is one of the oldest projects in the cryptocurrency market and the first blockchain to implement a cooperative consensus with a delegated PoS-powered validator election. Founded in 2013, DMD Diamond is constantly evolving and upgrading to new market conditions. Its 2021 upgrade, DMD v4, features true decentralization, on-chain governance, fast transaction times, low fees, low carbon footprint, security, interoperability, and smart contracts deployment. DMD v4 utilizes the world's first blockchain with a cooperative HBBFT consensus supplemented by a dPOS-based validator election. On top of that, DMD v4 is the first blockchain to implement a sustainable and endless reward mechanic with a low max finite supply of just 4.38 million coins.
How Many DMD Coins Are There in Circulation?
DMD Diamond has a maximum supply of 4.38 million coins, with over 81% of them already in circulation, and the rest slowly powering node rewards for the upcoming decades.
Who Are the Founders of the Project?
DMD Diamond is one of the few blockchain projects governed solely by the community. The original creator of DMD disappeared a few months after its launch in 2013. Since then, a small team of developers and enthusiasts has maintained and evolved the code, adjusting the vision for the coin. The most active members in the DMD Diamond community currently are Aleksander Mesor, Helmut Siedl. Technical knowledge, code improvements, and development of v4 are handled by Thomas Haller, Dr. David Forstenlechner, and Dietmar Hofer.
Where Can I Buy DMD Diamond?
DMD Diamond is available on exmarkets.com, crex24.com, and will soon be available on coinmargin.com. DMD Diamond was traded on Bittrex for years, and we are looking for it to be re-added to the platform after the v4 release.
What Makes Your Project Unique?
DMDv4 is the first cooperative consensus blockchain with a delegated PoS-powered validator election, allowing for high speed and performance, absolute censorship resistance and fork resistance, instant finality of transactions, and other advantages that cannot be delivered by a competitive consensus. Additionally, it is a unique industry-first mechanism that reinserts abandoned and unclaimed coins into circulation.
How Is Your Project Network Secured?
DMDv4 is secured with HBBFT Honeybadger cooperative consensus and a dPOS-like node election protocol based on POSDAO (similar dPOS system to that which was used by xDAI blockchain). This combination is a true decentralized solution that follows the ideals of Satoshi Nakamoto.
