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 SUI on BYDFi. We'll guide you through it
Choose how to purchase SUI 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 (SUI). 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 SUI 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 SUI 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 SUI 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 SUI
Trade
Answers
Is SUI a Good Investment?
The SUI token presents an interesting investment opportunity, especially if you believe in the potential of Web3 and scalable blockchain networks. This project aims to offer cutting-edge solutions that enhance the scalability of decentralized applications, making them more suitable for real-world use cases.
The growing widespread acceptance of Web3 technology may boost the need for solid ecosystems like Sui, which could support the market price of the SUI token. As more developers create dApps utilizing Sui's layer-1 solutions, the demand for the SUI token could rise, enhancing its value as an investment opportunity.
The SUI price may rise as developers introduce new enhancements and functionalities that make the blockchain more appealing to developers and users. This could boost on-chain activity and elevate the value of the SUI cryptocurrency.
What Factors Can Influence SUI Crypto Price Prediction?
Although it is impossible to offer an accurate SUI price prediction over any duration, there are several fundamental aspects that can significantly impact the value of the $SUI crypto. These factors include the extent of blockchain adoption by developers and users, upcoming developments such as network upgrades, investments, collaborations, and integrations, as well as the general sentiment within the cryptocurrency market.
The increasing adoption of SUI's ecosystem among dApp developers and users can also contribute to the price of SUI crypto in the market. These developments result in higher on-chain activity and directly affect the demand for the native token, thereby boosting the SUI price statistics.
Additionally, investor confidence in the SUI crypto increases when the token gets listed on more crypto exchanges and platforms. This enhances liquidity and accessibility to the token, supporting trading activity that can further strengthen the value of SUI.
What Is SUI Token Used For?
SUI is the native crypto asset of the Sui blockchain and has the following use cases:
Pay Transaction Fees
SUI is used to pay gas fees when using the Sui blockchain to conduct transactions. It is also required as a payment method when interacting with dApps or executing smart contracts on the decentralized platform.
Staking
As the native token of a PoS blockchain, the SUI token can be staked to function as a validator within the Sui network. Users can stake SUI tokens to become validators who verify transactions and record them in new blocks on the blockchain. They will receive a reward in SUI crypto for their contributions.
Crypto Asset to Trade and HODL
Trade Sui crypto against other digital assets on the BYDFi Spot Market to make the most of market volatility. You can buy or sell SUI or hold it long-term if you believe in the future potential of the Sui network. Remember to DYOR before placing trades in the market, as crypto assets are highly volatile and subject to market risks.
How Many SUI Tokens Are There?
According to the developers, the SUI total supply has been fixed at 10 billion tokens. According to the Sui tokenomics, most of the token supply will be set aside for the Sui Foundation, independent of Mysten Labs - the blockchains creator.
The Sui Foundation will promote and support the long-term growth and success of the Sui blockchain. The foundation will leverage SUI tokens for this purpose by using them for projects that support the Sui ecosystems future development.
At launch, 50% of SUI tokens will be allocated to the Community Reserve to fund grants, validator subsidies, and R&D activities. 20% will go to Sui's early adopters, 14% will be issued to the project's investors, 10% will be assigned to Mysten Labs treasury, and 6% will be given to the Community Access Program and app testers for SUI airdrops.
Who Are Suis Partners and Investors?
Mysten Labs, the firm developing the Sui blockchain, has several established backers supporting the initiative. Some names include a16z, Coinbase Ventures, Binance Labs, Circle, Cypher Capital, and more. Some mainstream businesses that are backers of Mysten Labs include Franklin Templeton, Samsung Next, and Greenoaks.
