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 RARI on BYDFi. We'll guide you through it
Choose how to purchase RARI 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 (RARI). 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 RARI 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 RARI 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 RARI 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 RARI
Trade
Answers
What Is Rarible (RARI)?
Rarible is a creator-centric NFT marketplace and issuance platform that utilizes the RARI token to empower users who actively interact with the protocol.
Users on the Rarible platform can easily create non-fungible tokens (NFTs) for unique digital items like artworks, game items and more. The platform offers users a fully-featured marketplace that is filtered and sorted using different categories to create a smooth and easy user experience.
Anyone can create and post NFTs on the Rarible marketplace. The RARI token is a fundamental pillar of the platform as it is used to reward active users and for participating in the governance of the protocol.
Who Are the Founders of Rarible?
The Rarible team is based in the US and was co-founded by Alexei Falin and Alexander Salnikov in early 2020.
Alexei Falin is Raribles CEO, and also the co-founder of Sticker.Place, a computer software company that specializes in stickers. Falin graduated from the University of Southern California and the Higher School of Economics in Moscow.
Alexander Salnikov was the co-founder of Zenome and the ICO Director of Humaniq, a blockchain-based project that provides tools to the unbanked. Salnikov has founded more than five successful companies in the past and has extensive experience as a product manager. He now works as Raribles head of product.
According to the official Rarible LinkedIn page, the entire Rarible team consists of almost a dozen employees — many of whom are artists.
What Makes Rarible Unique?
Rarible intends to become more than just a marketplace for digital collectibles and art through blockchain technology. The platform is used to create or mint NFTs with an extremely simple process that makes it accessible to those with little to no experience with NFTs.
This allows artists and creatives to create and sell their digital products with zero barriers to entry while still benefiting from the security enabled by blockchain technology.
The Rarible platform and protocol is an autonomous ecosystem that is governed by RARI holders, who are tasked with voting on governance proposals. In time, Rarible intends to transition to a fully decentralized autonomous organization (DAO) structure.
The entire NFT ecosystem is still fairly new, but Rarible is already aiming to use part of the revenue to subsidize the first mint transaction (NFT creation transaction) for users, in addition to other business strategies to fuel the growth of the platform.
The Rarible protocol is a solution to the limitations faced by the intellectual property market — such as challenging licensing and paperwork requirements. NFTs instead represent an easily accessible alternative available to anyone with just a few clicks.
How Many Rarible (RARI) Coins Are There in Circulation?
The total supply of RARI is capped at 25,000,000 and its current circulating supply depends on user participation. As of November 2020, just over 850,000 RARI are in circulation.
The majority of RARI tokens (60%) are reserved for buyers and sellers on the Rarible marketplace. Every Sunday, 75,000 tokens are distributed to creators and collectors (50% each). This will be the case for at least 200 weeks after the marketplace launched. Rarible terms this process marketplace liquidity mining.
Additionally, an airdrop of 10% of the total supply is distributed among NFT holders (8%) and other Rarible users (2%). The remaining 30% of Rarible tokens will be gradually distributed to investors and the Rarible team.
The full tokenomics of the RARI token can be viewed on the official Rarible introductory post on Medium.
How Is the Rarible Network Secured?
Rarible is a platform built on the Ethereum network. Its native governance token, RARI, is built on the ERC-20 token standard. The tokens created on the platform are minted using the ERC-721 non-fungible standard and are secured by the Rarible protocol.
Both ERC-20 and ERC-721 tokens are transacted on and secured by the Ethereum mainnet. This is a proof-of-work (POW), and soon-to-be proof-of-stake (POS) blockchain that uses a decentralized network of nodes and miners to ensure transactions are secure.
The transparency of the Ethereum blockchain can be used to certify and guarantee the uniqueness of NFTs traded on the Rarible marketplace — ensuring creators and collectors can be confident that their tokens are genuinely rare.
Where Can You Buy Rarible (RARI)?
RARI is currently available to trade on several mid-tier exchanges, including MXC, Hotbit and Poloniex, as well as popular decentralized exchanges like Uniswap, Mooniswap and Balancer. The most popular trading pairs for RARI include RARI/WETH, RARI/USDT and RARI/ETH.
If youre looking to purchase RARI or other cryptocurrencies with regular fiat, check out our simple guide.
