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 TRX on BYDFi. We'll guide you through it
Choose how to purchase TRX 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 (TRX). 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 TRX 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 TRX 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 TRX 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 TRX
Trade
Answers
Is TRON (TRX) a Good Investment?
TRON is a prominent blockchain platform with a noble mission of decentralizing content sharing and revolutionizing the concept of Web 3.0. With the increasing adoption of Web 3.0, platforms like TRON have the potential to attract developers and users, leading to a positive impact on TRON's price performance. This, in turn, can drive higher on-chain activity and propel TRX's market cap and trading volume to new heights.
TRON's Value Proposition
In a world dominated by giant streaming platforms, TRON stands tall with its powerful value proposition. By leveraging decentralized technology, TRON aims to transform the way content is shared across the web. This unique approach resonates with users and attracts attention from investors, making TRON a compelling choice from an investment perspective.
Rising Web3 Adoption
As the world embraces Web 3.0, TRON's appeal is poised to grow even further. By embracing decentralization, TRON aligns perfectly with the principles of Web 3.0, positioning itself as a pioneer in this new era of the internet.
With developers seeking alternatives to Ethereum for building dApps, TRON's appeal will continue to rise. Its commitment to decentralization and innovation positions it as a valuable and sought-after digital asset in the blockchain landscape.
TRON Blockchain's Scalability and Energy Efficiency
TRON's impressive blockchain capabilities are key to its allure. With high throughput and scalability, TRON provides an efficient and reliable platform for developing dApps. Additionally, its energy-efficient delegated proof-of-stake consensus mechanism ensures sustainable and eco-friendly operations.
What Factors Influence TRON Price?
While it is impossible to accurately predict the price of TRON (TRX) over any timeframe, there are several factors that can provide insights into its price action and volatility:
On-chain Activity on TRON
The level of activity on the TRON network, including the number of transactions and the usage of dApps built on TRON, can have an impact on the token's price. Higher network activity indicates increased utility and adoption, which can positively influence the value of the token.
Future Developments in the TRON Ecosystem
Updates, improvements, and innovations in the TRON blockchain and its technology can also influence its price. Major upgrades that enhance scalability, security, and usability may attract more users and investors, thereby positively impacting the price of TRX.
Increased adoption of TRON in real-world use cases and partnerships with prominent companies or projects can further boost the visibility and perceived value of TRX, potentially leading to price appreciation.
Crypto Market Conditions
Broader market trends can have an impact on the TRX to USD price within the cryptocurrency and blockchain industry. External factors such as regulatory developments, macroeconomic conditions, and geopolitical events can also affect the overall cryptocurrency market and subsequently influence the price of TRX.
What Are the Capabilities of TRON?
TRON is a blockchain-based platform designed to decentralize the digital entertainment industry. It offers a wide range of activities, including gaming and social media interactions. TRON's main objective is to enable efficient content sharing and monetization, positioning itself as a potential leader in the digital entertainment sector.
The TRON Ecosystem
TRON provides a diverse ecosystem that hosts gaming platforms and social media networks, creating a distributed environment for content creators. With TRON's platform, creators can easily share and store their content, empowering them in their digital pursuits.
Smart Contract Functionality
In addition to being a content-sharing platform, TRON supports decentralized apps through its smart contract functionality. This feature enables developers to create applications that leverage the decentralized nature of the blockchain.
DeFi and dApps on TRON
TRON is actively involved in the Decentralized Finance (DeFi) sector and supports various gaming, social media, and other dApps. The TRON ecosystem aims to provide a platform for financial interactions and the development of innovative decentralized applications.
Robust Blockchain Platform
TRON is renowned for its high transaction per second (TPS) capability and a wide range of features, making it a robust platform for developing decentralized applications. TRON strives to offer an efficient platform for developers to bring their ideas to life and revolutionize digital interactions.
What Are the Uses of TRX Token?
The TRX token is the native cryptocurrency of the TRON blockchain ecosystem. It has various functions within the network, including staking, governance, investment, and digital transactions.
Utility of TRX Token
Within the TRON network, the TRX token is used to interact with decentralized applications (dApps). By staking TRX, users can earn 'TRON Power,' which grants them voting rights on ecosystem updates.
Digital Payment Transfers
TRX can be used for making digital payment transfers. The TRON blockchain enables these transactions, which are known for their speed and low fees compared to other blockchain networks.
Investment and Trading
TRX also serves as an investment asset. Its price and market cap can fluctuate, making it a potential store of value. Additionally, you can diversify your investment portfolio by trading TRON crypto on the BYDFi Spot Market. Whether you choose to buy, sell, or hold TRX long-term, it offers opportunities based on your belief in the future potential of the TRON project.
How Can TRON (TRX) be Earned?
TRX cannot be mined as the TRON blockchain does not use a traditional Proof-of-Work (PoW) consensus algorithm. Instead, TRON utilizes a Delegated Proof-of-Stake (DPoS) consensus mechanism. However, there are several ways to earn TRX:
Trade TRX on BYDFi Spot Market
Profit from changing market conditions by trading TRX against other crypto assets on the BYDFi Spot Market. Before trading TRON crypto, it is important to DYOR (Do Your Own Research), check the live TRON price and market cap, and perform technical and fundamental analysis.
Stake TRX on TRON
Participate in securing the TRON network and validating transactions by staking TRX. Earn TRX as a reward for your contributions in block production and grow your crypto holdings.
Earn Passive Income on BYDFi
Grow your TRX holdings securely by using BYDFi Earn or BYDFi Crypto Lending. Stake or lend liquidity in TRX on our platform and earn rewards conveniently and effortlessly.
How to Stake TRX on TRON Network
If you want to stake TRX on the TRON network and earn rewards, follow these steps:
Step 1: Set Up a TRON Wallet
If you don't have a TRON wallet yet, you need to set one up. Choose a wallet that supports TRX staking, such as TronLink, TronWallet, or Trust Wallet.
Step 2: Fund Your Wallet with TRX
Make sure you have TRX tokens in your wallet. If you don't have any, you can buy TRX on platforms like BYDFi and transfer them to your wallet.
Step 3: Select Your Staking Platform
There are several platforms that support TRX staking, including BYDFi and some DeFi platforms. Connect your TRON wallet to the staking platform of your choice.
Step 4: Stake TRX Tokens
Once your wallet is connected, you can start the staking process. Look for the option to stake TRX on the platform and enter the amount of TRX you want to stake. Review the staking details, including the terms and conditions, and confirm your transaction.
