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 WAN on BYDFi. We'll guide you through it
Choose how to purchase WAN 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 (WAN). 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 WAN 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 WAN 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 WAN 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 WAN
Trade
Answers
What Is Wanchain (WAN)?
Wanchain is a distributed ledger that enables cross-chain transactions and interoperability between multiple chains. It functions as both a standalone blockchain and a platform for facilitating transactions across different blockchains, including private chains. Wanchain, which is an Ethereum fork, leverages smart contracts to securely process various applications, such as decentralized exchanges, lending platforms, stablecoins, crowdfunding, and multi-currency payments. The platform operates in a decentralized manner, eliminating the need for a custodian party and relying on a locked account mechanism for enhanced security.
Who Are the Founders of Wanchain?
Wanchain was founded in 2017 by Jack Lu, who serves as the CEO. Prior to Wanchain, Jack Lu co-founded and worked as the CTO of Factom in 2014. The team also includes Li Ni, the VP of Operations, who brings over 15 years of experience in computer science, marketing, and business development, and Weijia Zhang, the VP of Engineering, an experienced engineer with expertise in software modeling, blockchain, and cognitive sciences.
What Makes Wanchain Unique?
Wanchain distinguishes itself by establishing connections between different standalone chains, aiming to create a broader market for digital assets. Unlike many cross-chain platforms that rely on third-party intermediaries, Wanchain achieves decentralization through multi-party computing and threshold secret-sharing technology. The platform offers three major cross-chain functionalities: a registration module, a cross-chain transaction data transmission module, and a transaction status query module. Comparable projects to Wanchain include Ripple (XRP) and ICON (ICX).
How Many Wanchain (WAN) Coins Are There in Circulation?
Wanchain's native token, WAN, is utilized for payments and on-chain governance. During the initial coin offering (ICO), 107,100,000 tokens were sold, equivalent to approximately 120,000 ETH at that time. The maximum supply of WAN is 210,000,000, with a circulating supply of 169,028,581 as of March 2021. The token distribution allocates 39% to the founders, 51% to investors, and 10% to airdrops and rewards. WAN is used for transactions within the parent chain and across chains.
How Is Wanchain Network Secured?
Wanchain is a fork of Ethereum and utilizes a proof-of-stake (PoS) consensus mechanism. The platform issued ERC-20 WAN tokens during the ICO, which were later adapted to Wanchain's native chain upon the mainnet launch in 2018. The network's validation nodes consist of Vouchers, responsible for verifying cross-chain transactions, Storemen, managing locked accounts, and Validators, performing regular verifications. Nodes must stake WAN to validate transactions, and the locked accounts employ cryptographic encryption.
Where Can You Buy Wanchain (WAN)?
WAN tokens can be purchased on various exchanges, including Binance, BYDFi, and Huobi Global. Validators can also earn WAN as a reward for validating transactions. For more information on buying Bitcoin (BTC) and other cryptocurrencies, refer to our comprehensive guide.
