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 SPENT on BYDFi. We'll guide you through it
Choose how to purchase SPENT 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 (SPENT). 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 SPENT 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 SPENT 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 SPENT 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 SPENT
Trade
Answers
What Is Espento?
Espento is a synthetic stablecoin system and algorithmic money market created solely on Binance Smart Chain (BSC).
The protocol brings to the decentralised finance (DeFi) ecosystem a simple crypto asset swap, bridge, stake and lending-borrowing solution. Allowing users to borrow directly against collateral at rapid speeds while incurring less transaction costs. In addition, Espento allows users to bridge cross-chain assets to EUSD stablecoins on-demand within seconds by posting needed assets to the Espento Bridge smart contract.
EUSD tokens are BEP-20 token assets, whereas SPENT tokens are likewise BEP-20-based, but are used for Espento protocol governance and may be used to vote on updates. Includes new collateral types, parameter changes, and product improvement organisation.
The governance of the protocol is entirely controlled by Espento DAO community members, since the Espento founders, team members and other advisors do have any SPENT token allocations.
Who Are Espento's Founders?
The development of the Espento project is being undertaken by the developers from different countries of the world as a team. The main goal of Espento is to achieve decentralization through community-governance. There are no pre-mines for the team, developers, giving SPENT holders total control over the path the Espento protocol takes.
What Makes Espento Unique?
The key strength of Espento is its fast speed and incredibly cheap transaction fees, which are a direct result of its build on top of the Binance Smart Chain. The protocol is the first to allow users to have real-time access to liquidity pool for BNB, BUSD, USDT(TRC20), BTC, ETH and other cryptocurrencies via bridging protocol.
Users seeking liquidity using the Espento protocol do not need to pass a credit check and may get a loan immediately by interacting with the Espento decentralised application (DApp). Users are not restricted by their geographic region, credit score, or anything else because there are no centralised authorities in existence, and may always obtain liquidity by providing necessary collateral.
These loans are made possible by a pool of funds supplied by Espento users, who earn a variable APY in return for their inputs. These loans are backed by borrowers' over-collateralized deposits on the platform.To prevent market manipulation attacks, the Espento protocol employs price feed oracles, such as those provided by Chainlink, to supply reliable pricing data that cannot be tampered with. The Binance Smart Chain allows the protocol to acquire pricing feeds at a cheaper cost and with greater efficiency, lowering the system's overall cost footprint.
