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 ASTR on BYDFi. We'll guide you through it
Choose how to purchase ASTR 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 (ASTR). 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 ASTR 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 ASTR 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 ASTR 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 ASTR
Trade
Answers
Is Astar Network (ASTR) a Good Investment?
Astar Network could be a good crypto asset in your portfolio as it is backed by solid fundamentals and has growth potential. Its features for interoperability and supporting smart contracts make the platform a desirable option for powering the Web 3.0 revolution.
As more developers create and deploy scalable Web3 projects on the Astar Network infrastructure, the ASTR to USD price could experience a significant uptrend. Higher on-chain activity due to the launch of more dApps getting more users on it could send the Astar price past its highest price and to a new all-time high in the future.
Suppose the Astar Network team announces new significant upgrades to its infrastructure, which make it an even more affordable and attractive platform to develop and deploy dApps on. In that case, this could further power an uptick in the adoption and price of Astar Network. Projects like this have the potential to take Web 3.0 mainstream by providing scalability for real-world applications of decentralization.
What factors can influence the price of the Astar Network token?
Although it is impossible to accurately predict the price of ASTR over any given period, there are several fundamental and sentiment factors that can impact its price. Let's explore some of them:
Ecosystem Adoption
As more developers create and deploy dApps on Astar Network, attracting more users to the platform, the level of on-chain activity increases. This could potentially drive up the ASTR price.
Staking Activity
Astar Network supports staking of its native ASTR token. Increased interest in staking ASTR could lead to bullish movements in its price, pushing it higher. Conversely, a decline in staking activity may result in a potential downtrend in the ASTR price.
Crypto Market Sentiment
Investor sentiment plays a significant role in the crypto market, including the price of Astar Network. A bullish or risk-on sentiment boosts investor confidence and increases buying activity in ASTR and other digital assets. Conversely, a risk-averse or bearish sentiment can lead to sell-offs and weakness in the value of Astar Network.
What is ASTR Token Used For?
ASTR is the native crypto asset of the Astar Network ecosystem. Here are some of its applications:
Utility Token
ASTR is used to pay transaction fees when using the Astar Network. Users pay gas fees using ASTR when using the network to transfer payments or interact with dApps, while dApps pay in ASTR when executing smart contracts on the network.
Governance Token
Astar Network uses the ASTR token for on-chain governance. Token holders enjoy voting rights and can submit and contribute their say on proposals submitted by others, effectively decentralizing and democratizing the future development of the ecosystem.
dApps Staking
The dApps staking feature is unique to Astar Network and is an innovative way for the network to incentivize dApp developers to work on and launch projects on their network. ASTR token holders can stake their holdings via the Astar Portal on dApps of their choice to extend support to those projects. In addition to generating block rewards for their staking efforts, the activity also offers a way for dApp developers to earn dApps rewards based on the number of ASTR staked with them.
Crypto Asset to Trade and HODL
You can trade Astar Network in the crypto market to profit from the volatility and changes in market conditions. Buy or sell ASTR against other crypto assets or hold the token long-term if you believe in the future potential of the Astar Network project. Review the real-time Astar Network price, ASTR market cap, circulating supply, 24-hour trading volume, and the latest crypto news before you trade ASTR in the market.
Earn Passive Income on BYDFi
BYDFi lets you generate passive income from your ASTR holdings. Head to the BYDFi Crypto Lending page to lend liquidity for ASTR on our platform. Earn attractive daily interest over seven days, 14 days, or 28 days to grow your portfolio safely and conveniently.
What is the Circulating Supply of ASTR Crypto?
As of September 2022, the circulating supply of ASTR stands at around 3.6 billion out of a total supply of 7 billion. This figure changes based on the extent of on-chain and staking activity within the Astar ecosystem.
At the time of the project's launch, the initial allocation of ASTR tokens was as follows:
1. 30% was earmarked for lockdrop participants
2. 30% was set aside for Polkadot parachain auctions
3. 5% was kept as a reserve for the parachain auction
4. 10% went for protocol development and grant programs
5. 5% was allocated to the on-chain DAO
6. 5% of ASTR total supply was allotted to marketing activities
7. 10% was set aside for institutional investors and would become transferable after Astar won a slot in the parachain auction
8. 5% of the ASTR supply was given to its team of developers
How to Stake $ASTR
Astar Network offers a unique dApp Staking program that helps you earn rewards for your efforts while also supporting dApp developers in creating projects on their network. Here's how to stake on Astar dApps:
1. Visit the Astar Portal and connect your wallet to the app's interface. Ensure you have sufficient $ASTR for staking by buying the token on BYDFi or other supported platforms and transferring them into your wallet.
2. Ensure that you are connected to the Astar Network for enabling dApp staking of $ASTR.
3. Review the list of dApps available to which you can stake your ASTR tokens.
4. Click on Stake on the dApp of your choice, enter the number of tokens you wish to stake, and click on the Stake button to confirm the transaction.
5. Sit back, earn rewards for your $ASTR staking, and earn passive income conveniently.
