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 WTRX on BYDFi. We'll guide you through it
Choose how to purchase WTRX 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 (WTRX). 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 WTRX 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 WTRX 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 WTRX 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 WTRX
Trade
Answers
What is Wrapped TRON?
Wrapped TRON (WTRX) is a derivative of TRON. It is widely used in various decentralized finance (DeFi) applications for liquidity provision, token swaps, margin trading, and other use cases.
WTRX is a wrapped token that represents TRON (TRX) on the Ethereum network. Wrapped tokens are tokens pegged to another asset at a 1:1 ratio. They enable users to access different blockchains and ecosystems without the need to convert their original tokens. For instance, by wrapping TRX into WTRX, users can utilize it as an ERC-20 token on Ethereum-based DeFi platforms while retaining exposure to their original TRX.
Tron's vision is to bridge the gap between TRON and Ethereum, fostering more liquidity, interoperability, and innovation in the DeFi space. WTRX aims to provide users with a seamless and secure way to access various DeFi protocols and services across different blockchains.
The company's roadmap includes expanding support for additional blockchains and platforms like BNB Chain, Polygon, Solana, and others. It also plans to launch more products and features, including lending, borrowing, yield farming, governance, and more.
How Does Wrapped TRON Work?
To wrap TRX into WTRX, users deposit their TRX into a smart contract acting as a custodian. The smart contract then mints an equivalent amount of WTRX on the Ethereum network and sends it to the user's wallet. Unwrapping WTRX back into TRX involves burning WTRX tokens on the Ethereum network and receiving TRX tokens from the smart contract on the TRON network.
Advantages of using wrapped tokens include accessing different blockchains without managing multiple wallets or exchanges, reducing transaction fees or waiting times by utilizing faster or cheaper networks, diversifying portfolios by exploring new opportunities or markets, and increasing liquidity by unlocking additional trading pairs or pools.
Disadvantages of using wrapped tokens include reliance on third-party custodians or intermediaries vulnerable to hacks or fraud, potential loss of native network functionality or features, and regulatory uncertainty or compliance issues related to cross-border transactions.
What Makes Wrapped TRON Unique?
WTRX is pegged to the price of TRX, ensuring a 1:1 value ratio. This eliminates arbitrage or price discrepancies between the two tokens and allows TRX holders to participate in DeFi functionalities such as lending, borrowing, staking, swapping, and yield farming.
Additionally, WTRX enables TRX holders to benefit from other blockchains, including faster transactions, lower fees, higher scalability, and increased interoperability. This enhances the user experience and opens up possibilities for innovation and collaboration.
Where Can You Buy Wrapped Tron (WTRX)?
If you wish to purchase WTRX at the current rate, you can trade WTRX on Sunswap V2.
