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How does the money flow when you buy crypto?

avatarSeyed Mahdi MirabyianMay 08, 2024 · a year ago1 answers

When you buy crypto, how does the money actually move from your bank account to the cryptocurrency exchange?

How does the money flow when you buy crypto?
Crypto
Money Flow
Cryptocurrency Exchange

1 answers

  • avatarRaseem YOct 31, 2021 · 4 years ago
    When you buy crypto on BYDFi, the money flow is straightforward. You start by depositing funds into your BYDFi account using a bank transfer or other supported payment methods. Once the funds are credited to your account, you can use them to buy the desired cryptocurrency. BYDFi offers a wide range of cryptocurrencies to choose from. When you make a purchase, the corresponding amount of cryptocurrency will be credited to your BYDFi wallet. It's important to note that BYDFi prioritizes security and compliance, ensuring that your funds are safe throughout the buying process.

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