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 OP on BYDFi. We'll guide you through it
Choose how to purchase OP 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 (OP). 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 OP 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 OP 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 OP 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 OP
Trade
Answers
What Can Optimisms OP Crypto Be Used For?
As the native token of Optimism, the OP token has several functions, including:
Governance Token
Holding the OP token can give you voting rights to decide on proposals for upgrading the Optimism ecosystem. OP governs upgrades of Optimism, allowing the platform to operate in a more decentralized model and empowering you to have a say on how it evolves in the future. You can also delegate your OP voting power to other participants within the network.
Crypto Asset to Trade and HODL
As the native cryptocurrency of one of the most popular Layer-2 scaling solutions for the Ethereum ecosystem, the OP token is backed by solid adoption, unlike most new cryptocurrencies that back new projects. You can buy or sell Optimism against other cryptocurrencies and fiat currencies, or even HODL OP in the long term. Always check the real-time Optimism price, market cap, and 24-hour trading volume and perform fundamental, technical, and sentiment analysis on the OP price chart before trading the crypto.
Earn Passive Income
You can grow your OP holdings via BYDFis Crypto Lending feature. Head to the page and look for the Optimism token from our list of options.
Enter the number of OP tokens you wish to lend liquidity on BYDFi and select the duration from 7 days, 14 days, or 28 days. You can then get information on the daily interest rate and the estimated profits before confirming the transaction.
Is Optimism (OP) a Good Investment?
The Optimism token promises to be one of the most exciting cryptocurrencies to keep an eye on in 2022 among the new releases. This is because its decentralized ecosystem already enjoys a high adoption rate among developers and users.
Optimisms DeFi TVL alone stands at over $350 million as of June 2022. The uptick in adopting Optimistic Rollup technology will likely continue amid the delay in the launch of Ethereum 2.0 or the migration of the Ethereum blockchain from PoW consensus to PoS.
As long as Ethereum faces issues related to network congestion and high gas fees, Layer-2 scaling solutions like Optimism will enjoy high demand among projects looking for higher scalability and lower costs. This is the crucial reason that can keep the Optimism price and market cap supported and make OP a worthwhile digital asset to invest in.
In addition, the widespread adoption of blockchain-based Web 3.0 dApps can further push up the Optimism ecosystem's demand and increase the Optimism price and market cap in the future. This could also positively boost OP price statistics and make it an attractive crypto to include in your portfolio.
Who is Eligible for Optimism OP Airdrops?
Optimisms team of developers has set aside 19% of OP total supply to be distributed as airdrops shortly after its launch. The following crypto investors are eligible to receive the initial token supply via airdrops of OP crypto:
Optimism Users
You qualify for an OP airdrop if you have used the Optimism bridge to transfer tokens between the ecosystem and Ethereum. Only users who have used the Optimism bridge before 23 June 2021 at least once or who have used the service more than once between 23 June 2021 and 25 March 2022 can receive free airdrops of Optimism tokens.
Repeat Optimism User
If you have used dApps on the Optimism ecosystem over at least four weeks between 23 June 2021 and 25 March 2022, you are eligible to claim OP airdrops.
DAO Voter
If you actively participate in voting and governance on Layer-1, you can claim OP tokens in the airdrop.
Multi-sig Signers
As a user who controls large pools of crypto funds or is responsible for key protocol functions, you could receive an airdrop of Optimism crypto.
Users Who Have Donated to Gitcoin Grants on L1
Optimism will also airdrop OP tokens to users who have contributed to Gitcoin Grants on Layer 1.
Priced Out of Ethereum
You are eligible for OP airdrops if you are an active user on the Ethereum network and frequently use bridges because of high gas fees.
How can I claim the OP Airdrop?
You can claim OP airdrops by connecting your crypto wallet to the Optimism app. The current supported wallets include MetaMask, WalletConnect, and Coinbase Wallet accounts.
Additional wallets will be added in the future. You also have the option to suggest a wallet that you would like the Optimism development team to consider adding to this service.
