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 AR on BYDFi. We'll guide you through it
Choose how to purchase AR 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 (AR). 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 AR 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 AR 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 AR 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 AR
Trade
Answers
Is Arweave (AR) a Good Investment?
Arweave could be an interesting crypto asset to include in your portfolio. Here's why:
Unique Value Proposition
Arweave aims to create a secure and globally accessible permanent information storage network, to build a more long-term version of the internet. Its decentralized storage protocol and focus on reducing developer restrictions set it apart from traditional centralized storage solutions.
Making Data Storage More Decentralized and Sustainable
Arweave's use of blockchain technology enables sustainable on-chain data storage, making the project a collectively owned hard drive that never forgets. The project's focus on decentralized storage aligns with the principles of blockchain technology, providing long-term storage solutions and reducing the risk of data loss.
Growth Potential of Arweave Project
While past performance is not indicative of future results, it is worth considering the historical price movements of AR. Price volatility has been observed, with both significant spikes and declines in the token's value. However, it's important to note that cryptocurrency investments are subject to market risks and price fluctuations.
Arweave's Adoption and Partnerships
Partnerships, integrations, and use cases can influence the growth and adoption of Arweave. Tracking news and developments related to Arweave's ecosystem, such as collaborations with businesses, organizations, or developers, can provide insights into its potential for widespread adoption.
What Is Arweave Price Prediction?
While it is impossible to offer an accurate AR crypto price prediction, you could monitor several factors that could influence price action and volatility in this token:
Level of Adoption of Arweave Platform
The adoption and usage of the Arweave platform can play a significant role in determining its price. Increased adoption by developers, businesses, and users seeking decentralized storage solutions may drive demand for the AR token and potentially impact the AR to USD price.
Future Developments in Arweave Ecosystem
Collaborations, partnerships, and integrations with other projects, platforms, or organizations can contribute to the visibility and growth of Arweave. Such alliances may increase the utility of the AR token and generate positive market sentiment, potentially affecting the Arweave price.
Upgrades, advancements, or new features introduced to the Arweave network can influence investor perception and confidence in the project. Technical developments that enhance scalability, security, or usability may positively impact the AR token's price.
Crypto Market Sentiment
Cryptocurrency prices are highly sensitive to market conditions, including supply and demand dynamics, investor sentiment, and overall market trends. A positive market sentiment encourages buying activity, supporting the price of Arweave token. However, a bearish or risk-averse mood among investors drives selloffs in the crypto market, weakening the AR price.
What Is AR Token Used For?
AR is the native token of the Arweave ecosystem and has the following purposes:
Incentive Token for Arweave Network Miners
One of the primary use cases of the AR token is rewarding network miners. Miners contribute their storage capacity and computational resources to maintain the Arweave network. They store and replicate data across the distributed network, ensuring its availability and permanence. In return for their contributions, miners are rewarded with AR tokens.
Native Currency in Arweave Ecosystem
AR is also used to pay for data upload fees within the network. When users upload data to the Arweave network, they are required to make a payment of an upfront principle in AR tokens. This payment is an economic endowment that helps facilitate the continuous replication and storage of data within the network.
Trade or HODL AR
Trade Arweave crypto against other digital assets on BYDFi or other supported platforms. Buy or sell AR or hold it long-term if you believe in the future potential of the Arweave project. Conducting thorough research, staying updated with news and developments, and consulting with financial professionals can help make informed investment decisions.
Earn Passive Income on BYDFi
Visit BYDFi Crypto Lending to lend liquidity in AR to our platform. Earn daily interest over seven days, 14 days, or 28 days, and grow your crypto holdings securely with BYDFi.
Who Are Arweave's Partners and Investors?
Arweave has partnered with Meta, Metaplex, Mirror, and Instagram. Investors in Arweave include a16z crypto, Multicoin Capital, Iron Key Capital, Coinbase Ventures, Union Square Ventures, and more.
Arweave has also invested in several projects in the crypto sector, such as HackerNoon, WeaveDB Ltd, Fleek, zebrapass, RedStone, Gnosis, and Bundlr Network.
What Is Arweave Tokenomics?
According to Arweaves official documentation, the AR token has a maximum supply of 66 million tokens. As of June 2023, ARs circulating supply is just over 33 million.
55 million tokens were minted when the networks genesis block was created in June 2018. Arweave plans to gradually add 11 million tokens as block rewards. The token distribution is given below:
1. 10.8% of the initially minted tokens were sold during the pre-sale round.
2. 7.1% and 1.1% of AR token supply were sold during public sale rounds in May 2018 and June 2018, respectively.
3. 19.5% of the Arweave supply was set aside for a private sale.
4. 2.9% was issued to the Arweave project advisors, while 13% was distributed among the Arweave team.
5. 19.1% was allocated for ecosystem development.
6. 26.5% was set aside for use in the future.
