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 LOOKS on BYDFi. We'll guide you through it
Choose how to purchase LOOKS 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 (LOOKS). 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 500+ 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 LOOKS 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 LOOKS 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 LOOKS 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 LOOKS
Trade
Answers
Is LooksRare (LOOKS) a Good Investment?
There are several reasons why the LooksRare project could be a promising investment opportunity:
Community-oriented Approach
LooksRare focuses on a democratic and user-centric culture, setting it apart from the top-down, corporate-oriented approach of other NFT marketplaces. The community plays a central role and is rewarded through various incentives, such as trading rewards and staking premiums.
Professional Platform
Unlike other community projects, LooksRare offers a professionally designed trading platform. Users can trade NFTs directly from their wallets and have access to features such as profile customization and buying and selling individual NFTs or entire collections.
Lower Trading Fees
LooksRare aims to offer lower trading fees than other NFT marketplaces. With a fixed fee of 2%, traders can reduce their trading costs and potentially achieve higher profits.
Potential Appreciation of the LOOKS Token
As the governance token of the platform, the LOOKS token could gain value if LooksRare continues to grow in popularity and more users utilize the platform. Limiting the token supply and distribution to the community could increase demand and lead to an appreciation in value.
These unique features make LooksRare a project with the potential to be successful in the long term and attract investors. However, as with any investment, conducting thorough research and understanding the risks associated with the crypto and NFT market is essential.
What Is LooksRare Price Prediction?
Several factors or features of the LooksRare project could positively impact the price forecast of LOOKS:
User Growth of LooksRare Platform
If LooksRare can expand its user base and build an active community, it could increase demand for the LOOKS token. A growing user base could also result in higher trading volume on the platform, which could positively affect the price.
Platform Usage
The more users utilize the LooksRare platform, the greater the demand for LOOKS tokens for trading and staking. If the platform offers attractive features and a seamless user experience, this could lead to more users wanting to hold and use LOOKS tokens.
Development of New Features
LooksRare has announced plans to introduce new features, such as bidding on NFTs in selected collections and canceling multiple orders in one transaction. If these new features are well-received and improve the trading experience, this could lead to increased activity on the platform and a higher price for LOOKS.
Market Acceptance of NFTs
The entire NFT market is still in an early stage, with significant potential for growth and acceptance. If NFTs continue to gain popularity and are adopted by a broader audience, this could also lead to increased demand for NFT platforms like LooksRare.
What Are LooksRares Tokenomics?
The tokenomics of LooksRare are based on the LOOKS token, which represents governance and utility on the platform. The total supply of LOOKS amounts to 1,000,000,000 tokens. The tokenomics of LOOKS are divided as follows:
1. Airdrop: 12%
2. Strategic Sale: 3.3%
3. Liquidity Management: 1.7%
4. Volume Rewards: 44.1%
5. Staking Rewards: 18.9%
6. Founding Team: 10%
7. Treasury: 10%
How to Use LooksRare NFT Marketplace
To use LooksRare, you need to follow some basic steps:
1. Create an account: Visit the LooksRare website and create an account by providing your information and signing up.
2. Connect your wallet: Connect your wallet to the LooksRare platform. LooksRare typically supports wallets like MetaMask, which allow you to manage your NFTs securely.
3. Explore the marketplace: Browse the LooksRare marketplace for various NFTs and collections. You can search by categories, artists, or specific NFTs.
4. Buying and selling NFTs: If you want to buy an NFT, you can accept the listed price or place a bid if the seller allows it. If youre going to sell NFTs, you can list your NFTs for sale and set a price.
5. Participate in staking: If you hold LOOKS tokens, you can participate in staking to earn additional rewards. Connect your wallet to the staking pool and stake your LOOKS tokens according to the provided instructions.
How to Stake LOOKS on LooksRare
LooksRare allows the staking of LOOKS tokens to earn rewards. The staking model of LooksRare is based on staking LOOKS tokens in a staking pool.
Here are the steps to stake LOOKS tokens:
1. Buy LOOKS tokens on BYDFi or other supported exchanges, or participate in reward programs or airdrops.
2. Connect your wallet containing the LOOKS tokens to the LooksRare platform.
3. Choose the desired staking pool in which you want to stake your LOOKS tokens. Review the available pools and their corresponding rewards.
4. Enter the desired amount of LOOKS tokens to stake and confirm the transaction. The LOOKS tokens will then be staked in the selected pool.
5. Depending on the staking pool and the set rewards, you will regularly receive rewards in the form of additional LOOKS tokens.
Staking allows you to generate passive income while holding your LOOKS tokens and contributing to the security and stability of the network.
