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 TORN on BYDFi. We'll guide you through it
Choose how to purchase TORN 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 (TORN). 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 TORN 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 TORN 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 TORN 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 TORN
Trade
Answers
What Is Tornado Cash (TORN)?
Tornado Cash aims to address privacy and anonymity concerns in the cryptocurrency world, particularly regarding traceability of transactions. It started as an experimental software in August 2019 and evolved into a fully decentralized non-custodial protocol enabling private transactions.
Tornado Cash utilizes smart contracts on the Ethereum network to disrupt the on-chain link between sender and recipient addresses. This technology is often referred to as a 'decentralized mixer.' The protocol ensures the highest level of privacy by preventing any tampering or changes to transactions, even by the developers.
Who Are the Founders of Tornado Cash?
Tornado Cash was founded by Roman Semenov and Roman Storm. Roman Semenov graduated from Moscow State University, specializing in Quantum Statistics and Field Theory. He has a background in e-commerce, social media, and Ethereum scalability. Roman Storm has experience as a Software Engineer at Amazon and Marketron, as well as serving as the CTO of the POA Network. Together, they founded PepperSec and started Tornado Cash.
What Makes Tornado Cash Unique?
Tornado Cash stands out for being entirely permissionless and running self-executable code. The developers destroyed their admin keys in May 2020, ensuring they have no ability to view or alter transactions on the protocol. The protocol's oversight is minimal, with code published on GitHub, emphasizing financial privacy and freedom.
The cryptographic method (MPC) used to destroy admin keys ensures transactions on Tornado Cash are trustless and unstoppable. This level of anonymity allows transactions to potentially evade sanctions. However, the protocol has faced criticism for its potential use in storing stolen funds and money laundering.
How Many Tornado Cash (TORN) Coins Are There in Circulation?
As of August 2022, there are approximately 1.1 million TORN coins in circulation, with a maximum circulating supply of $10 million. The token issuance schedule includes airdrops to early users, anonymity mining, DAO treasury allocation, and rewards for founding developers and early supporters.
How Is the Tornado Cash Network Secured?
Tornado Cash operates on the Ethereum network and is secured by zero-knowledge proofs. The protocol and anonymity mining protocol have undergone audits by professional audit companies, including Zeropool.
When Will Tornado Cash Trading Begin?
TORN trading commenced in February 2021 with an airdrop of 5% of its total supply.
Can TORN Hit $100?
TORN initially launched at a trading price of $214.29 and reached an all-time high of $436.16 in February 2021. However, it has since experienced a significant decline, losing 95% of its value.
Where Can You Buy Tornado Cash (TORN)?
Tornado Cash (TORN) can be purchased on various leading centralized and decentralized exchanges, including Binance, Gate.io, Uniswap, OKX, BingX, CoinW, Sushiswap, and Deepcoin. For a comprehensive list of eligible exchanges, please refer to the official sources.
