How To Buy IP On The BYDFi App

Buying IP on the BYDFi app is straightforward and designed to be user-friendly. Here's a step-by-step guide:Download the BYDFi app from the App store of your device: it is available on both <a href="https://play.google.com/store/apps/details?id=com.bydfi.app" target="_blank">Android</a> and <a href="https://apps.apple.com/us/app/id6444251506" target="_blank">iOS</a>.Open the app and sign up for an account. You'll need to provide your email address and create a secure password. Some verification may be required depending on your location.Click 'Add Funds' and select 'Buy Crypto'Select the Fiat Currency that we supportChoose your desired crypto, or search for itAfter selecting the desired crypto and fiat currency, enter the amount you would like to spend and click‘Next’Select a third party service provider and click‘Buy’You will be leading to the third party payment page, follow the steps on the page to complete the paymentWell done! Now just wait for the deposit to credit to your accountFor more help, visit our Help Center or email us at <a href="mailto:cs@bydfi.com" target="_blank">cs@bydfi.com</a>

Network Security & Staking:IP tokens ensure the Story Protocol network safety with staking, and that's why validators are able to earn rewards for supporting decentralization and consensus. Gas Fees:IP tokens power all on-chain transactions within the Story Protocol, which includes IP registration, ownership transfers, and even licensing agreements. Governance:Token holders can participate in what is called decentralized governance. They have voting power on key decisions, such as upgrades and fee changes, so they are in charge of shaping the platform's future. Deflationary Model:A portion of IP tokens is burned with every transaction, reducing supply and potentially increasing value as network usage grows. Licensing & Monetization:IP tokens enable holders to tokenize and monetize intellectual property with automated licensing, royalties, and revenue sharing by using smart contracts.

How To Invest In IP For Beginners

Investing in cryptocurrency is never easy, especially for beginners. Let's review some tips to make yours a better experience:Start Small: Invest in small amounts until you get the hang of buying processes, especially with the likes of Bitcoin. This helps dampen the risks that come with price volatility while allowing learning along the way.Understand Fees: Be aware of transaction fees associated with buying/selling crypto. Stay Informed About Market Trends: Keep up with news related to cryptocurrencies, given that external factors-like regulatory changes-might affect prices almost instantly, and that knowledge helps to make more informed decisions about when/how much IP should be purchased.

What Is The Max Supply Of IP?

The maximum supply of IP tokens is 1 billion. This total supply is fixed and distributed across various categories, including ecosystem development, community incentives, foundation operations, early investors, and core contributors.

How Many IP Are In Circulation/In Existence?

As of March 31, 2025, the current circulating supply of Story Protocol's IP tokens is approximately 259 million tokens. This represents about 25.9% of the total supply of 1 billion tokens

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How to Buy Story(IP)

Buy Story(IP) and other popular cryptocurrencies on BYDFi with fast, secure trading and low fees. Whether you're a beginner or a professional, BYDFi offers a variety of purchase options to suit your needs. Start investing today and check out our guide to easily buy Story(IP) with minimal fees!

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Last Updated: 2025-08-14

Steps to Buy Story

Buy IP on BYDFi in 3 Simple Steps:

Step 1 : Create a Free BYDFi Account

Sign up using your email/phone number and country of residence, then create a strong password to protect your account to start your journey on BYDFi.

Step 2 : Secure Your Account

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Kindly verify your identity to ensure full compliance and enhance your BYDFi experience.

Enable Google Authenticator (2FA), set up an anti-phishing code, and a fund password to add an extra layer of security to your account.

Step 3 : Buy LAYER

You can purchase IP on BYDFi using various payment methods. We will guide you through the process:

Option 1 : Buy IP with Cryptocurrency on BYDFi Spot Trading

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The BYDFi spot market supports over 600 digital assets and is the most popular platform for purchasing IP. Here's how to buy:

Open BYDFi Buy Crypto service.

Transfer your cryptocurrency to your BYDFi account.

Select the 'Spot Trading' under 'Trade' button. Search for the IP trading pair on the BYDFi spot market. Place an order to exchange your existing cryptocurrency for IP.

Once your order is successfully executed, you can view the available IP in your account assets.

Why Choose BYDFi to Buy Story

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Why Choose BYDFi to Buy Story

Safe and Reliable

BYDFi's Proof of Reserves (PoR) mechanism offers robust security for your funds. As a Forbes-recommended exchange, we have gained the trust and support of over 1,000,000 users worldwide.

High Liquidity

BYDFi offers a fast and reliable trading experience with support for 900+ major cryptocurrencies, making it an ideal choice for both beginners and professional investors.

Simple and Intuitive

At BYDFi, purchasing Story is quick and easy. Whether you are a beginner or a professional trader, our intuitive interface allows you to complete transactions effortlessly in just a few steps. Register on BYDFi now and experience a seamless cryptocurrency purchasing process!

Wide Variety of Tokens

BYDFi supports over 900 cryptocurrencies, making it the ideal platform to buy Story and other digital assets. Users can easily trade and exchange assets to meet their needs!

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Disclaimer

The content displayed on this page comes from verified BYDFi users and/or data and feedback from other third-party sources. All information is for reference only, and BYDFi makes no representations or warranties of any kind regarding its accuracy. The displayed price predictions may be inaccurate, and future prices may differ significantly from the forecasts. Do not rely on these results for investment decisions. Token price predictions do not constitute financial advice and are not intended to recommend the purchase of any specific product or service. If you trade or invest based on the information on this page and incur losses, you may not recover your invested funds, and BYDFi is not responsible for any potential losses. The prices of digital assets are subject to market risks and volatility, meaning their value may rise or fall, and you may even lose your initial capital. BYDFi recommends carefully assessing your investment goals, financial situation, risk tolerance, and relevant experience before making investment decisions. If necessary, seek advice from an independent financial advisor. Past market performance is not a reliable indicator of future results, so only invest in products you understand and can afford to risk. This statement is for general informational purposes only and does not constitute investment advice.

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