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 RED on BYDFi. We'll guide you through it
Choose how to purchase RED 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 (RED). 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 RED 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 RED 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 RED 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 RED
Trade
Answers
Is RED Token a Good Investment?
RED Token is an interesting crypto asset if you wish to diversify your portfolio and explore trending coins in emerging areas such as sports coins or fan tokens, metaverse, and GameFi sectors. The RED Token Economy project envisions mainstream adoption of cryptocurrencies and solutions developed on the blockchain. It could do well as the sports and entertainment industries explore such innovations for driving fan engagement.
The RED Token price and market capitalization could register an uptrend as more businesses and celebrities collaborate with the platform to launch their fan engagement initiatives. Partners and collaborators could launch games, online content, virtual events, or even physical events in the RED Tokyo Tower, contributing to boosting the RED price statistics.
In addition, a favorable outlook toward crypto projects in the NFT, Play-to-Earn (P2E), and metaverse sectors could also drive up investor interest in tokens such as the RED crypto. Such a sentiment could also support the RED to USD price in the market.
What is the RED Token Price Prediction?
Although it is impossible to offer an accurate RED price prediction, there are several factors that you could monitor to understand the price action in the RED Token cryptocurrency:
Level of Adoption
As more brands and celebrities from the sports and entertainment industries launch their projects or related events within the RED Token Economy ecosystem, the price of RED token could strengthen. Such a move could bring in more users and drive up the demand for RED crypto, supporting its price in the market.
Rollout of Upgrades and New Features
Whenever the team of developers behind the project announces features or rollout upgrades that can make the platform more capable and efficient, investor interest in the RED Token heads higher. This, in turn, could support the RED Token price in the market.
Market Sentiment
Market sentiment plays a vital role in determining price change in any cryptocurrency. When crypto traders trade with a bullish sentiment or risk-on mood, higher buying activity could take the RED Token price upwards to test its all-time high and make new highs. On the other hand, bearish sentiment or risk-off mood keeps buyers away from the market and exerts downward pressure on the value of RED Token.
What is RED Token Used For?
RED Token is the official cryptocurrency that powers the RED Token Economy. Here are the most common applications for the token:
Native Currency
As the native currency of the platform, users will need RED Tokens to purchase NFTs and enter events taking place in both the RED Tokyo Tower and the RED Metaverse. Fans will also use the cryptocurrency to participate in promotional events, engage with their favorite brands, teams, or players, and extend their support.
Incentive Token
Winners of games within the P2E ecosystem of the RED Token Economy Project will be rewarded using the RED crypto. The prizes and rewards distributed will be funded by the revenues earned by the platform and generated from event sponsors.
Crypto Asset to Trade and HODL
Trade RED Token against other digital assets on a cryptocurrency exchange to profit from changes in market conditions. You can buy or sell RED Token against other cryptocurrencies or hold it long-term if you believe in the future potential of the RED Token Economy Project. Check the live price of RED Token, RED market cap, circulating supply, and 24-hour trading volume, and analyze the RED Token price chart before trading RED crypto in the market.
What is the Total Supply of RED Token?
The total supply or max supply of RED Token is fixed at 100 million as of November 2022. However, no information on the tokens circulating supply has been published at the moment.
How to Earn RED Tokens
There are several ways to earn RED crypto, including:
Trade RED in the Crypto Market
Buy or sell RED Token against other cryptocurrencies to profit from the volatility in the crypto market. Check the real-time price of RED Token, RED market cap, circulating supply, 24-hour trading volume, and the latest crypto news to reduce the likelihood of loss-making trades.
Play Games
You can earn rewards in $RED when you play games within the RED Token Economy ecosystem. You could win RED crypto and grow your portfolio when you win tournaments or quests.
Trade NFTs on the Marketplace
You can earn $RED tokens by selling NFTs on the platforms marketplace. Revenues generated from the sale of NFTs will be earned in the form of RED Token.
