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 LDO on BYDFi. We'll guide you through it
Choose how to purchase LDO 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 (LDO). 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 LDO 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 LDO 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 LDO 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 LDO
Trade
Answers
Is Lido DAO a Good Investment?
Lido is a popular choice for staking ETH, and as Ethereum 2.0 upgrades are rolled out, the demand for its services continues to grow. With more investors using Lido to stake their ETH, the price of LDO token has the potential to rise, making it an attractive investment option.
Lido's expansion to other blockchain ecosystems and introduction of liquid staking programs in the future could further increase the value of LDO token. This development would not only boost on-chain activity but also contribute to the growth of the DeFi ecosystem.
In addition, positive sentiment towards cryptocurrencies and DeFi could positively impact LDO token price. As a prominent player in the DeFi space, Lido's liquid staking services are likely to experience increased demand as investors become more optimistic about digital assets and seek opportunities to maximize their investments.
What Factors Can Influence the Price of Lido DAO Token?
While it is impossible to accurately predict the price of Lido DAO (LDO) token, there are several critical factors that can impact its volatility in the market:
Level of ETH Staking Activity on Lido
Higher ETH staking activity increases on-chain activity on Lido, making LDO more valuable as a crypto asset to invest in and hold. Conversely, lower staking activity could weaken the price of Lido DAO token.
Future Upgrades and Integrations
As Lido DAO expands its operations through collaborations and integrations, the price of LDO could strengthen, making it an attractive digital asset for investors. Additionally, future upgrades that enhance the staking experience on Lido may also contribute to price gains.
Market Sentiment
Improving investor outlook towards the crypto market and decentralized finance can increase the value of native cryptocurrencies like LDO. Conversely, a bearish sentiment towards cryptocurrencies or DeFi may cause the price of LDO to decline.
What Is LDO Token Used For?
LDO is the native cryptocurrency of the Lido protocol. Here are its most popular use cases:
Governance Token
LDO serves as the governance token of the Lido DAO, giving token holders the power to submit proposals and vote on others' proposals that could impact the future of the Lido liquid staking platform.
Crypto Asset to Trade and HODL
Trade Lido DAO tokens against other cryptocurrencies to profit from changing market conditions and volatility. You can buy or sell LDO against other digital assets or hold it long-term if you believe in the future of the Lido project. Review the live price of Lido DAO, LDO market cap, circulating supply, 24-hour trading volume, and the latest crypto news before you trade Lido DAO in the market.
Earn Passive Income
While you cannot stake LDO on Lido as of January 2023, there are other ways to earn passive income by investing in the Lido DAO governance token. Some platforms offer liquidity mining programs where you can lend liquidity in LDO to earn attractive interest rates on your investment. Choose a reputed platform offering the best returns to grow your LDO holdings risk-free and conveniently.
How to Stake Ethereum on Lido
Lido is one of the best platforms for liquid staking Ethereum without locking up your ETH holdings. Here's how to stake ETH on Lido:
1. Head to Lido's staking interface on this link: https://stake.lido.fi/
2. Connect your crypto wallet to the Lido app. Ensure you have sufficient funds to stake ETH by buying Ethereum on BYDFi or other supported platforms and withdrawing your tokens to your wallet.
3. Input the number of ETH you wish to stake on Lido, review the transaction cost and other details, and click on Submit to confirm the transaction.
4. Confirm the transaction on your crypto wallet.
5. Your ETH will be staked on Lido, and your wallet will receive stETH tokens on a 1:1 basis. The stETH balance will update daily as your staking rewards are added.
How to Earn LDO Crypto
Here are the two most popular ways to get Lido DAO crypto:
Trade LDO on Exchanges
You can buy or sell LDO against other crypto assets to grow your holdings backed by market conditions. We recommend that you perform due diligence and research how to trade cryptocurrencies before placing your trade in the market to minimize losses.
Earn LDO Through Liquidity Mining
Participate in liquidity mining programs on supported platforms to lend liquidity in LDO and grow your holdings safely. You can lend liquidity in LDO to receive attractive interest over a specific period. This is one of the safest ways to increase your crypto portfolio and is an incredibly effective strategy for HODLers.
Claim LDO Airdrop
If you are an early Lido taker, you can claim LDO Airdrop. Enter your address at this link to check your eligibility for claiming an LDO airdrop. Refer to this guide to learn more on how Lido stakers can claim Lido DAO token airdrop with Etherscan UI.
