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 IDLE on BYDFi. We'll guide you through it
Choose how to purchase IDLE 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 (IDLE). 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 IDLE 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 IDLE 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 IDLE 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 IDLE
Trade
Answers
What Is Idle (IDLE)?
Idle is a decentralized finance project that lives by one simple motto: Money should never sit still.
The first iteration of this project went live in August 2019 — and a series of enhancements have been made in the months since. This subsequently led to the launch of Idle Finance V3, which aimed to deliver a streamlined interface and a better experience for users.
Through Idle, crypto investors can establish a portfolio that best manages their risk appetite. Once users make a deposit, funds are automatically distributed among a range of DeFi protocols, enabling them to earn interest. Portfolios are regularly rebalanced when better opportunities come along, and a dashboard offers an at-a-glance insight into how funds are performing.
Who Are the Founders of Idle (IDLE)?
Idles CEO is Matteo Pandolfi, and according to his LinkedIn profile, the project was co-founded during a ConsenSys hackathon. He has described his role at the company as everything but code — meaning that he is tasked with establishing the platforms vision for the future, recruiting new talent, and leading strategic sales.
In an interview with BitCompare, he explained that one of the most powerful lessons hes learned since starting the company is that theres little point in attempting to build a perfect product the first time round — instead, its better to make improvements along the way that are informed by feedback from users.
Pandolfis fellow co-founder at Idle is William Bergamo, who serves as the companys chief technical officer.
What Makes Idle Finance Unique?
One of Idles unique selling points lies in how users dont need to move their money manually between the plethora of DeFi protocols that exist today. This is achieved through holding IDLE tokens.
But another distinctive attribute concerns the fact that Idle Finances team has aimed to make their product as easy to use as possible. Blockchain complexity is an insurmountable hurdle for many investors who would otherwise be interested in learning more about what crypto has to offer.
In a recent interview with DeFi Prime, Pandolfi said that he believes gas should only be a thing that developers need to be concerned with — adding that insurance should be integrated into products to eliminate the risks associated with smart contract losses.
How Many Idle Finance (IDLE) Coins Are There in Circulation?
As of late January 2020, BYDFi data suggests that there are 892,640 IDLE in circulation, with a maximum supply of 13 million tokens.
An airdrop for IDLE tokens was held in late 2020 — and anyone who had interacted with this platform before October 2020 was eligible.
How Is the Idle Finance Network Secured?
Idle Finances tokens are based on the Ethereum network. The platform has undergone several security audits courtesy of Quantstamp, which concluded in a December 2020 assessment that these contracts are generally well documented and well designed.
Where Can You Buy Idle Finance (IDLE)?
The main market for acquiring Idle Finance tokens is found on Uniswap, where a pairing is offered with Wrapped ETH (otherwise known as WETH for short.) Learn more about how to convert local fiat currencies into crypto assets such as Bitcoin with our straightforward guide.
