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 TON on BYDFi. We'll guide you through it
Choose how to purchase TON 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 (TON). 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 TON 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 TON 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 TON 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 TON
Trade
Answers
Is Toncoin (TON) a Good Investment?
TON, the native token of a high-speed blockchain network, has the potential to be a lucrative investment for your portfolio. The expansion of the TON ecosystem and the increasing number of developers designing and deploying dApps on it could lead to a wider range of use cases for TON and drive its price higher.
The TON blockchain is a robust platform for launching Web3 dApps and is expected to witness a surge in adoption as more projects are launched and gain acceptance. As Web3 gains traction, cryptocurrencies like Toncoin become even more appealing. This positive sentiment can also contribute to an increase in the TON to USD price in the market.
In addition to the promising prospects of Web3, the Toncoin price may experience an uptrend due to a risk-on sentiment in global financial markets. The growing risk appetite among investors can enhance confidence in crypto assets, leading to a rise in the prices of Bitcoin and Ethereum. This, in turn, can create a positive atmosphere and drive demand for altcoins such as TON coin.
What Factors Could Influence the Toncoin Price?
While it is impossible to make an accurate prediction of the Toncoin price, there are several factors that could contribute to its volatility. Let's explore some of them:
Level of Adoption of the TON Ecosystem
As more developers build and deploy dApps on the TON network, increasing on-chain activity, the demand for Toncoin could potentially rise. This increased demand could be a significant driver for an upward movement in the Toncoin price.
The Rollout of New Features and Use Cases
If the open TON community proposes and implements new features that enhance the efficiency of the TON blockchain, it could lead to an increase in the price of Toncoin. Future upgrades may make the TON ecosystem more appealing for development, resulting in higher developer activity and a greater demand for Toncoin.
Market Sentiment
Market sentiment plays a crucial role in driving volatility in the crypto market. A bullish sentiment or a risk-on mood among global crypto investors could push the Toncoin price higher. Conversely, a bearish sentiment or a risk-off mood could weaken the Toncoin price.
What Are the Uses of TON Crypto?
TON serves various purposes within The Open Network ecosystem. Here are some of its popular applications:
Native Currency
TON is the native cryptocurrency of the TON network. It is used to pay transaction fees when transferring payments or executing smart contracts on the blockchain. Additionally, TON can be utilized to pay for services offered by dApps running on The Open Network.
Governance Token
As a TON holder, you have the opportunity to participate in the decentralized governance mechanism of the network. This includes voting rights on proposals related to future upgrades and development of the TON blockchain.
Staking
Since The Open Network operates on a Proof-of-Stake (PoS) consensus mechanism, you can stake TON tokens to actively participate in the blockchain's consensus process. By staking TON, you become eligible to validate transactions and produce new blocks.
Crypto Asset for Trading and HODLing
TON can be traded against other cryptocurrencies, allowing you to take advantage of market conditions in the crypto industry. Whether you choose to buy or sell TON, or hold it for the long term, it offers potential opportunities within The Open Network ecosystem. Before engaging in Toncoin trading, it is advisable to check the real-time price of TON Coin, TON's live market cap, circulating supply, 24-hour trading volume, and the latest crypto news.
How to Stake TON Coin and Earn Rewards
While mining Toncoin is not possible as all the coins were already minted before the TON blockchain's mainnet launch, you can still participate in the TON network and grow your holdings by staking TON. Here's a step-by-step guide on staking TON and earning rewards:
1. Visit tonvalidators.org to explore the available staking pools. Scroll down to find featured pools and review their profit share, validator stake, and nominator stake information.
2. Click on 'Show More' to view the pool's page and then click on the 'Deposit' button once you have selected the pool where you want to stake your TON tokens.
3. Click on 'Add Stake' and make sure to stake a minimum of 10,000 TON tokens.
4. Enter the number of TON coins you want to stake in the pool and confirm the transaction.
5. Copy the wallet address, add a comment to the transaction, and transfer your TON coins from your crypto wallet to the staking pool address.
6. Sit back, relax, and watch your crypto holdings grow as you earn staking rewards after staking TON coins.
How to Add Toncoin to MetaMask
MetaMask is a popular Web3 wallet in the cryptocurrency market that supports Wrapped TON Coin, an ERC-20 token version of TON Coin. If you want to add Wrapped Ton Coin to your MetaMask wallet, follow these steps:
Create a MetaMask Account
Start by setting up your MetaMask wallet and creating a new account on the app.
Check Wrapped TON Coin's Contract Address on Etherscan
Visit Etherscan to find and copy the contract address for the Wrapped TON Coin ERC-20 token.
Add Wrapped TON Coin to MetaMask
Go to the Assets section of your MetaMask wallet page. At the bottom of the screen, click on the Import Tokens link.
Paste the contract address from Etherscan and enter TON as the Token symbol. Then, click on the Add custom token button.
Confirm the Addition of TON Coin to MetaMask
On the next page, click on Import tokens to confirm the addition of Wrapped TON Coin to your MetaMask wallet. Once completed, you can use your MetaMask wallet to send or swap TON crypto.
