Update Time: 2023-09-25
How to Buy
More and more people are wondering how to buy as these coins are very popular on the market
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 IOST on BYDFi. We'll guide you through it
Choose how to purchase IOST 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 (IOST). 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 IOST 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 IOST 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 IOST 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 IOST
Trade
Answers
Is Internet of Services (IOST) a Good Investment?
Investing in IOST could be a good option as it is the native cryptocurrency of a blockchain network that promises high speed, scalability, and security. Adding tokens like IOST is a great way to diversify your portfolio, especially if you wish to invest in assets with high value. The Internet of Services project drives mass adoption of decentralized technologies, which could make IOST more valuable. With the rising adoption of its technology by dApp developers and consumers, the IOST price could increase, making it a crypto asset worth investing in. Additionally, an improvement in the overall market sentiment towards cryptocurrencies could also drive up the IOST price, supported by higher buyer interest.
What is the Internet of Services Price Prediction?
It is impossible to make an accurate IOST price prediction over any duration. However, based on its past performance, the Internet of Services price and market cap could experience volatility. Factors such as the adoption of its ecosystem by dApps and users, changes in $IOST staking, and market sentiment can influence the price. As of September 2022, the IOST price remains well below its all-time high. Supporting fundamentals and investor sentiment could see the price of Internet of Services token reclaim its highest price level and possibly reach new highs.
What Can IOST Token Be Used for?
The IOST token has several uses within the ultra-fast Internet of Services ecosystem:
- Staking: Community members can stake IOST on the Internet of Services blockchain to contribute towards securing the network. Staking is done through voting, where $IOST token holders can vote for existing nodes and lock their holdings in exchange for rewards in IOST crypto.
- Buy and Trade: The IOST coin is a popular cryptocurrency for trading and investing. It can be bought or sold against other cryptocurrencies, and its long-term potential makes it an attractive investment option.
- Earn Passive Income on BYDFi: BYDFi offers two options to grow your IOST holdings. You can lend liquidity for IOST through crypto lending or stake IOST via BYDFi Earn to generate a stream of passive income.
How Does IOST Achieve High Throughput?
The IOST Network achieves high throughput through several mechanisms:
- PoB Consensus Algorithm: Nodes in the network are classified into believable and normal categories. Believable nodes process transactions quickly, while normal nodes validate and verify transactions.
- Efficient Distributed Sharding (EDS) with Distributed Random Protocol (DRP): EDS and DRP enable horizontal scalability by using non-interactive zero-knowledge proofs and publicly verifiable secret sharing.
- TransEpoch Node-to-Shard Transition Assignment Protocol: Allows new nodes to join the network without disrupting existing nodes' operations.
- Micro State Blocks (MSBs): Enable pruning of the blockchain's storage for higher efficiency and throughput.
How to Stake $IOST
Staking $IOST on the IOST Network involves the following steps:
- Install the iWallet app browser extension and set up an account.
- Fund your iWallet with IOST tokens purchased from BYDFi.
- Visit the IOST Network's producers page to vote for Servi or partner nodes.
- Select the node you wish to vote for and enter the number of $IOST you want to stake.
- Confirm the transaction and start earning passive income from staking $IOST.
An alternative way to stake $IOST is through BYDFi Earn, where you can stake IOST and earn rewards conveniently.
Price analysis
Real-time price
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