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HomepageHow to buy cryptoHow to Buy
Update Time: 2023-09-25

How to Buy

More and more people are wondering how to buy as these coins are very popular on the market

5 steps to buy on BYDFi

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    Open BYDFi account for free

    Sign up for BYDFi with your email/mobile number and create a strong password to protect your account

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    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.

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    Verify account

    Enter your personal information and upload a photo of your valid ID cardVerify your personal identity

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    Add payment method

    Once your BYDFi account is verified, add credit/debit card or bank account

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    Buy

    There are various payment methods available to purchase FYD on BYDFi. We'll guide you through it

Choose how to purchase FYD 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 (FYD). 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
    common-how-to-buy-tips-0Note: 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 here
    3. 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 FYD 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 FYD 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

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Hold

Store in your BYDFi account.

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Trade

Trade in spot and futures markets.

Why is BYDFi the best platform to buy ?

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    Safe and reliable

    Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and insurance fund protect your account.

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    High liquidity

    BYDFi has highly liquid buy and sell orders for all listed cryptocurrencies, providing a liquid trading experience with tight spreads

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    Gem cryptocurrency platform

    Supporting over 500 cryptocurrencies, BYDFi is the best platform to find your next Gem. You can buy FYD on BYDFi and use it to exchange other crypto assets.

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    Friendly interface

    Thanks to its simple interface and superior technology, buying on BYDFi is quick and convenient. Buy Coin on BYDFi to receive FYD

Trade

    Answers

    What Is FYD (FYD)?

    FYD is an online community of freelancers and crypto enthusiasts, working together to realize a decentralized gig-economy utilizing the advantages of web dApps, blockchain and cryptocurrency. Educating newcomers about cryptocurrency, staking, mining, NFT, and Masternodes. FYD has its own live blockchain, never had a pre-sale, ICO or IEO and is funded by the community and automated treasury.

    FYD coin is an opensource cryptocurrency designed for (digital) freelancers such as web designers, programmers, animators, writers and online content creators. FYD coins are digital coins (cryptocurrencies) that can be sent from person to person without a bank (How does FYD work). Fast transactions (confirmed under a minute) and low transaction fees (under $0.0001) make FYDcoin useable for P2P microtransactions necessary in the gig-economy.

    In addition to transacting value, FYD can also be used to store value. There is a maximum supply (650M) and holders can stake FYDcoin with any household PC or laptop to mint cryptocurrency. FYD coins can be tracked on a decentralized ledger or blockchain explorer which is online available for everyone.

    FYD coin is the native currency that is used for:

    • Medium of rapid micro-exchanges between users, third party platforms and FYDs native applications without the need for a trusted third party such as a bank

    • Incentivizing stakers the support/security of the FYD chain

    • FYD project development through the automated treasury

    • Decentralized governance (on chain)

    • Store of value (finite supply and yearly halving)

    • Eco friendly mining alternative (Proof-of-stake algorithm)

    FYD Native applications

    • FYD wallet: A simple to use desktop wallet that allows users to keep their own private keys, stake FYD coin and set up Masternodes without the need for a third party platform.

    • FYDme: An application where freelancers can connect with clients without the need for a third party such as fiverr or upwork.

    • Staking ledger: A hardware wallet that is able to host a copy of the FYD blockchain and can stake FYDcoin for users without the need for a PC/Laptop or third party service.

    • FYDswap: An application where users can swap FYD peer-to-peer for BTC and DASH without the need for a third party exchange

    • FYDwiki: An online platform for newcomers into cryptocurrency. Articles, videos and more general information for those that would like to do their due diligence.

    How Many FYD Coins Are There in Circulation?

    FYD Protocol launched its mainnet on Mar 25 2019 09:37:54 with 650.000 FYD created at genesis. Currently there are 547,392,500.07 FYD, which were all minted by the community over 2.5 years. Starting at block 245,001, 10% of every blockreward is automatically redistributed to a community treasury to fund future development.

    Currently 70% of the blockrewards are received by the FYD Masternodes (400K FYD collateral), 20% goes to the users that are staking FYDcoin. Currently there are 300M FYDcoin locked as collateral. The current reward for staking is 70 FYD, the current Masternode reward is 140 FYD and the current amount distributed to the community treasury is 10 FYD.

    Every 526,001 blocks the blockrewards are reduced until the maximum supply has been reached. The maximum amount of FYD is hardcoded in the protocol at 650.000.000 FYDcoin. The last FYDcoin will be minted in approximately 7 years.

    What Makes FYDcoin Unique?

    FYD combines the strength of larger cap protocols to create a customized solution for FYD.

    Bitcoin has a finite supply and a yearly halving which promotes scarcity, something FYD has as well. There will only ever be 650M FYDcoin.DASH through utilizing Masternodes to secure the network and enabling instant send and governance features. The advantage of PivX: staking for smaller users is something FYD implemented.

    FYD is (like Bitcoin) not owned by a single entity, the project was initially abandoned by the developer and continued by a decentralized community. Staking FYD can be a way for newcomers to get introduced to multiple aspects of cryptocurrency (finite supply, staking/minting, masternodes, halving, wallets). There is not a single FYD coin that has not been bought, or minted. FYDcoin will reach its finite supply before Bitcoin.

    Who Are the Founders of FYD Protocol?

    FYD is (like Bitcoin) not owned by a single entity, the project was initially abandoned by the developer who sold the pre-mined coins and continued by a decentralized community.

    FYDcoin has been trading on the exchanges from the first week. As the project progressed, the initial developer handed over the project to the community and sold remaining coins on the exchanges. This allowed the community to buy in and stake FYDcoins or set up Masternodes to generate additional FYDcoins.

    With a larger group of crypto enthusiasts and freelancers each with a fair share of the coins without an ICO/ IEO, the progression of FYD benefits the community as a whole. To further development, a community treasury was implemented in the protocol at block 245,001. This was voted for by the community.

    Where Can I Buy FYDcoin (FYD)?

    FYD is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.

    Binance offers the largest number of pairs as of October 2020, while Huobi Global also offers Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) options.

    New to cryptocurrency?

    FYD has articles and simple instruction videos for beginnersCryptocurrency article for beginnersCryptocurrency video for beginners

    Staking crypto article for beginners

    Staking crypto video for beginners

    Masternode article for beginnersMasternode video for beginners

    Crypto mining article for beginners

    Crypto mining video for beginnersNFT token article for beginners

    NFT token video for beginners

    Read BYDFis easy guide to buying Bitcoin or any other token.

    Price analysis

    Real-time price

    FYD today's price is USD, its Reduce 0% over the past week, and Reduce % over the past 24 hours

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    Disclaimer

    Due to the volatile market nature of cryptocurrencies, prices are subject to market influences and price fluctuations. We recommend that you clearly understand the operating principles and associated risks of digital assets before investing in digital assets. Other factors you need to consider when developing a cryptocurrency investment strategy include your experience, financial situation, investment goals and risk tolerance. You should also consult a financial advisor before purchasing cryptocurrency. None of the above information constitutes financial advice and past market performance cannot accurately predict future performance. The value of your investments and the value of your assets may change as market conditions change and there is no guarantee that you will get your investment back or make a profit on your investment. Your investment decisions are entirely your responsibility and BYDFi is not responsible for any losses you may incur while purchasing cryptocurrencies on the platform. We rely on third party sources of information regarding prices and other cryptocurrency-related information listed above and we are not responsible for the reliability or accuracy of such information. The information provided to you is for reference only, BYDFi does not guarantee this information.