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 RYO on BYDFi. We'll guide you through it
Choose how to purchase RYO 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 (RYO). 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 RYO 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 RYO 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 RYO 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 RYO
Trade
Answers
What Is Ryo Currency (RYO)?
Ryo Currency is a privacy coin based on a proof-of-work consensus mechanism. It is similar to other privacy coins like Monero (XMR) or Z-Cash (ZEC), since it is actually a fork of Monero. Ryo aims to be a privacy-focused cryptocurrency that can be easily used by average users. Its high privacy setting makes Ryo suitable for all high confidential transactions as well as for storage of value without being traced, monitored or identified.
To achieve this goal, it focuses on several key areas:
- Developing and maintaining the Ryo wallets;
- Working with payment gateways to make Ryo widely accepted among merchants;
- Improving coin security, untraceability, privacy and speed;
- Spreading awareness about Ryo.
Who Are the Founders of Ryo Currency?
Ryo was founded by its pseudonymous lead developers @Fireice_uk and @Mosu_forge. As a fork of Monero, it is also based on the CryptoNote protocol and is supported by an active community of mostly pseudonymous developers (@PiousFox and @RyoRU) and contributors (@Kesior, @Nostradamus411, @Psychocrypt and @SoapyFresh).
What Makes Ryo Currency Unique?
Although Ryo is a fork of Monero, it wants to create a more secure cryptocurrency by enabling higher ring size and implementing a new private transaction system that retrofits to support the old payment ID system. To achieve this goal, Ring Confidential Transactions with a minimum ring size of 25 were implemented to conceal every transaction in the Ryo network.
According to Ryo, the current emergence of ZK-proofs will make the tracing of Ryo recipients close to impossible. Since privacy is Ryos core value proposition, sending and receiving addresses are encrypted, and transaction amounts are obfuscated by default. The real Ryo address is concealed from senders through a disposable ghost address, allowing for truly anonymous and untraceable transactions. Ryo allows for a new ghost address for every transaction, meaning users never use the same address twice.
Thanks to its built-in privacy features, Ryo aims to be the closest equivalent to cash, as it is truly fungible, and nobody knows who had possession of any particular coin before them. Improving upon cash, nobody knows the identity of who theyre sending their coins to. That makes Ryo extremely unlikely to ever be blacklisted by any third party due to any association in prior transactions.
Users can choose from the Ryo Wallet Atom and the Web Wallet Quasar to store, send, and receive Ryo. Both are available on desktop and mobile and Atom also supports GPU solo mining.
How Many Ryo Currency (RYO) Coins Are There in Circulation?
The total supply of Ryo is 88,188,188. Currently, 32.7 million RYO are in circulation. Similar to Bitcoin, Ryo is being mined, and its block rewards follow a Plateau Curve distribution model. The emission scheme was inspired by real-world mining production comparable to crude oil, coal and gas, with most coins to be mined into existence in the next 20 years. The emission curve is very similar to that of Bitcoin.
How Is the Ryo Currency Network Secured?
Ryo uses a Cryptonight GPU mining algorithm and is the first coin to utilize FP32 math. That means anyone with a GPU can mine Ryo, making it more decentralized than other cryptocurrencies that rely on ASICs for mining. Furthermore, CN-GPU utilizes FP32 math at single-precision, meaning its performance relies on a physical core count and is not relying on memory performance. The outcome is a fairer and more distributed mining process that is open to everyone.
Can Ryo Currency Hit $1?
Ryo has an interesting solution to safely and securely sending cryptocurrency. However, awareness of the project is very low, making a 15X increase needed to hit a valuation of $1 highly unlikely in the near term. If Ryo can increase its visibility and recognition as a privacy coin, this may change in the future.
Where Can You Buy Ryo Currency (RYO)?
RYO is available on TradeOgre.
