How To Invest In PSP For Beginners: Step-by-step Guide

PSP investing in digital currency for beginners involves understanding how to invest in digital currency, knowing how to trade cryptocurrency, and deciding should I invest in cryptocurrency? Below is a step-by-step guide to buy crypto as per 2025 insights:1. Start SmallThe best way to invest in PSP or any crypto is to start with small amounts. This is going to let you learn the platform and understand how to trade in cryptocurrency without risking large losses during market volatility.2. Learn Crypto TradingTake some time to learn crypto trading strategies. That's because learning how and when to buy or sell will improve your chances of success.3. Understand FeesChecking transaction and withdrawal fees before buying or selling is crucial. Even the best way to buy cryptocurrency involves some cost—knowing skills.4. Stay Updated on Cryptocurrency RegulationStaying informed about cryptocurrency regulation allows you to make smarter decisions.5. Use Two-Factor Authentication (2FA)Always enable 2FA on your crypto accounts to protect your funds and personal data from unauthorized access.6. Watch Out for ScamsBe cautious of unsolicited offers or promises of guaranteed returns. For real cryptocurrency advice, trust only verified platforms or sources.

How to Buy PSP on the BYDFi App

In order to answer how to buy PSP on the BYDFi app, a step-by-step guide to buy crypto is as follows:Download BYDFi app from your app store.Register and comply with KYC to be eligible for all the features of trading and high withdrawal limit.Tap "Add Funds" and choose your payment option—credit card, bank deposit, or crypto withdrawal.Look for PSP in the search box and choose the PSP/USDT trading pair.Fill in the amount you want to purchase and choose a market order or limit order.Confirmation of order. PSP will be credited and in your BYDFi wallet.Withdraw PSP to a specific user's own crypto wallet like MetaMask, Trust Wallet, or a hardware wallet for maximum security.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="">Android </a>and <a href="https://apps.apple.com/us/app/bydfi-buy-btc-eth-doge/id6444251506" target="">iOS</a>.For more help, visit our Help Center or email us at <a href="mailto:cs@bydfi.com" target="">cs@bydfi.com</a>

How to Buy PSP for Low Fees

Smarter Way to Buy PSPWhen you are looking for the best app to buy crypto, being able to choose the right platform is crucial. You should always opt for the best crypto exchanges like BYDFi, which means being capable of enjoying benefits from lower trading fees. It can also help you obtain more and more from your investment. It has nothing to do with high-fee platforms, BYDFi has the ability to grow your holdings without watching profits disappear into costs—making it a top choice for those seeking a no-fee crypto exchange. Do you want to Use Promotions and Fee Reductions to Your Advantage? BYDFi has the ability to launch many exclusive campaigns with trading fee discounts and many bonus rewards. If you keep checking the Spot Event page often, you will be able to stay updated on many deals and never miss any interesting opportunity to save.

What is the Max Supply of PSP?

PSP has a maximum PSP supply of 2 billion tokens, officially making it a crypto with limited supply. No more than this amount can ever be created, ensuring built-in scarcity. This cap is encoded in the protocol, helping to support price and predictability for investors.

How Many PSP Are in Circulation/In Existence?

As of today, not all PSPs are in circulation means roughly 1.55–1.96 billion tokens are currently available and actively traded (approx. 76–98% of max supply). In broader terms, how many cryptos are there or how many altcoins are there?—the answer is over 37 million, but only a select group like PSP have major exchange listings and substantial liquidity.

PSP is central to the ParaSwap aggregator, leveraging multi DEX liquidity by pooling and scanning prices across dozens of decentralized exchanges and liquidity pools, all accessible through BYDFi as your main exchange. PSP’s core mechanism is algorithmic routing—the protocol’s smart contracts automatically seek optimal trading paths, sending your swap through the best sequence of DEXs and liquidity pools. This robust routing, combined with fill rate optimization, also introduces slippage minimization, reducing cost due to price impact of large or unreliable orders. ParaSwap revolves around smart order routing: whenever you place an order on BYDFi's PSP spot market, the aggregator engine finds in-the-moment depth and fills your order at the best accessible price, taking into account gas fees and available liquidity. PSP staking or holding may unlock the staking rewards or protocol rewards on the ParaSwap network whose mechanism may be platform or network-specific. BYDFi's native pairing with the ParaSwap aggregator and professional trading feature allow you to get best prices, execution transparency, and exposure to staking or rewards where necessary.

To buy and sell PSP token easily and securely, BYDFi is your recommended main exchange. BYDFi offers direct access to the PSP spot trading pair—just create a verified account, fund with fiat or crypto, and trade instantly. The platform is designed for all users, so even the psp beginner’s guide process is simple: register, deposit, and buy PSP in minutes. BYDFi combines efficiency with the ParaSwap aggregator model, letting you tap into the deepest liquidity and lowest fees. While guides like buy paraswap guide and buy ParaSwap(PSP) provide instructions on various platforms, BYDFi rivals, or outshines them through the provision of strong security, spot and advanced features of trading, and full PSP pair trading and withdrawals to your hardware or decentralized wallet support. You can monitor markets and liquidity with ParaSwap (PSP) Exchanges, but BYDFi is still the best place to go for purchasing, keeping, and selling PSP, including an easy-to-use interface whether you're a novice or a veteran. BYDFi's integration of ParaSwap aggregators means you receive best execution whenever you make a trade on PSP, taking advantage of cross-platform liquidity pooling and sophisticated DeFi routing all in one trustworthy location.

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How to Buy ParaSwap(PSP)

Buy ParaSwap(PSP) 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 ParaSwap(PSP) with minimal fees!

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Last Updated: 2025-08-15

Steps to Buy ParaSwap

If you want to know how to get PSP, the best way to buy is through BYDFi, your main exchange for secure and fast crypto trading. Start by signing up for a free BYDFi account using your email or mobile number. Complete KYC verification so you can deposit and withdraw funds. To fund your account, choose crypto deposit, bank card, or bank transfer—BYDFi supports multiple payment methods. Once funded, go to the spot market, search for the PSP/USDT trading pair, and place your market or limit order. After completing your purchase, it’s best to get a crypto wallet like MetaMask or Ledger for safe, long-term storage and full control over your PSP tokens outside the exchange.

Buy PSP on BYDFi in Simple 3 Steps:

Step 1: Sign up a Free BYDFi Account BYD.1754901466725.Step1.png

Register using your phone/email number and native country, then create a safe password to lock your account in order to start your BYDFi experience.

Step 2 : Secure Your Account BYD.1754901472129.Step2.png

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 PSP BYD.1754901478185.Step3.png

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

Simply enter the amount you wish to purchase and complete the payment to own PSP.

Option 1 : Buy PSP with Cryptocurrency on BYDFi Spot Trading

The BYDFi spot market supports over 600 digital assets and is the most popular platform for purchasing PSP.

Why Choose BYDFi to Buy ParaSwap

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Why Choose BYDFi to Buy ParaSwap

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 ParaSwap 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 ParaSwap 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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