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 MOVR on BYDFi. We'll guide you through it
Choose how to purchase MOVR 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 (MOVR). 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 MOVR 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 MOVR 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 MOVR 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 MOVR
Trade
Answers
Is Moonriver (MOVR) a Good Investment?
Considering the project's strong fundamentals and its position as a test environment for Ethereum-based dApps seeking Polkadot ecosystem efficiencies, investing in Moonriver could be a promising digital asset. As more developers look for alternative blockchains due to Ethereum's challenges, including network congestion, high gas fees, and scalability limitations, a higher migration rate from Ethereum to Polkadot via testing on Moonriver could drive the MOVR price upwards. Additionally, the MOVR price may benefit from positive market sentiment towards cryptocurrencies, as leading cryptos like Bitcoin and Ethereum experience price increases. Furthermore, the Moonriver price could be supported by the growing interest in the Web 3.0 revolution, which may drive demand for scalable and efficient ecosystems like Polkadot and increase attention on the Moonriver project.
What is MOVR Token Used For?
The MOVR token serves various purposes within the Moonriver Network:
- Utility Token: MOVR is used to pay transaction fees within the Moonriver ecosystem.
- Staking and Incentives: Users can stake or delegate their MOVR tokens to contribute to validating transactions, creating new blocks, and securing the network, earning rewards in the process.
- Funding New Projects and Driving Adoption: 20% of transaction fees are allocated to Moonriver's on-chain treasury, which can be distributed among projects and initiatives that promote ecosystem adoption through on-chain governance.
- Crypto Asset for Trading and HODLing: The MOVR token is listed for trading on various top crypto exchanges and platforms, allowing users to trade it against other crypto assets or stablecoins. It can also be held long-term as a potential investment.
- Earning Passive Income: BYDFi offers the option to lend liquidity for MOVR, allowing users to generate passive income from their holdings.
How to Add Moonriver to MetaMask
To connect Moonriver to MetaMask and manage your MOVR tokens, follow these steps:
- Create an account on MetaMask if you don't have one.
- Configure and set up your wallet, then click on the Add Network option.
- Manually enter the following details for Moonriver:
- Network Name: Moonriver
- Network URL: https://rpc.api.moonriver.moonbeam.network
- Chain ID: 1285
- Currency Symbol: MOVR
- Block Explorer URL: https://moonriver.moonscan.io
- Save the details, and Moonriver will be added to your MetaMask wallet for storing MOVR tokens.
How to Bridge to Moonriver
You can bridge tokens from other blockchains to the Moonriver ecosystem using various DeFi bridges. Here's how to use the Meter bridge as an example:
- Open the Meter Passport app and connect your wallet.
- Select the Moonriver Mainnet as the 'To' network.
- Choose the network you want to transfer assets from in the 'From' section, such as Avalanche, Meter, Binance Smart Chain (BSC), Theta, Polis, Moonbeam, or Polygon.
- Review the information and click 'Start Transfer.' Confirm the transaction with your connected wallet.
How to Stake Moonriver (MOVR)
To start staking MOVR and generate passive income, follow these steps:
- Open the Moonbeam app and connect your wallet.
- Ensure your wallet has sufficient MOVR tokens. You can buy Moonriver on platforms like BYDFi and withdraw them to your wallet.
- If using MetaMask, configure it to connect to Moonriver as a network.
- Change your MetaMask network to Moonriver if it's set to a different blockchain.
- Go to the Moonriver tab in the Moonbeam app.
- In the Staking Delegations box, choose the Manage delegations option.
- Select a collator and enter the number of MOVR tokens you want to delegate. Confirm the transaction.
- Sit back and earn rewards on your delegated stake of Moonriver tokens.
Price analysis
Real-time price
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