+18.62% growth: How to Buy Bidesk (BDK) – A Step by Step Guide

What is BDK?

Launched on 27/02/2020 by a team based in Australia. Bidesk exchange is a digital asset trading platform that has been built to provide a secure and safe environment for trading tokens and coins whilst providing the best user experience to its users.

Currently, BDK is being ranked 851 on Coinmarketcap and has recently surged a hefty 18.62% at the time of writing.

BDK has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy BDK.

Step 1: Register on Coinbase

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC) or Ethereum (ETH). We will use Coinbase here as it is one of the largest crypto exchanges that accept fiat deposits. Use this link to register at Coinbase and you will receive a free amount of $10 worth of BTC after buying $100 worth of cryptos.

Show Detailed Steps ▾

Type your email and click 'Get started'. Make sure you provide your real name as Coinbase will need it for account verification. Choose a strong password so that your account isn't vulnerable to hackers.

You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.

Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, Coinbase is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.

Step 2: Buy coins with fiat money

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees, such as iDeal in some European countries.

Now you are all set, click the "Trade" button at the top left, choose the coin you want to buy and confirm your transaction...and congrats! You've just made your first crypto purchase.

Step 3: Transfer your cryptos to an Altcoin Exchange

But we are not done yet, since BDK is an altcoin we need to transfer our coins to an exchange that BDK can be traded. Below is a list of exchanges that offers to trade BDK in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from coinbase depending on the available market pairs. After the deposit is confirmed you may then purchase BDK from the exchange view.

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once BDK gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Last Step: Store BDK securely in hardware wallets

If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your BDK for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.

Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger and Trezor and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion. Use this link to buy Ledger and use this link to buy Trezor.

Frequently Asked Questions

Can I buy BDK with cash?

There is no direct way to buy BDK with cash. However, you can use marketplaces such as LocalBitcoins to first purchase Bitcoin, and finish the rest of the steps by transferring your bitcoin to respective AltCoin exchanges.

Buy Bitcoin from local sellers

LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.

Are there any quick ways to buy BDK in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Coinmama.

Popular online banks in Europe are Bunq, N26 and Revolut. Check out this article for more information about these banks.

Are there any alternative platforms to buy BDK or Bitcoin with credit cards?

Yes. Changelly is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.

Latest News for BDK

Bidesk14 days ago
RT @BChain10: Bought a bag of $BDK @bideskcom #Exchange token MC 1.4M USD CS 7.9M Super promising exchange as staking and lending is comi…
Bidesk15 days ago
RT @Analyserxx: @bideskcom will make a lot of noise in 2020 🔴REC ▶️ Exchange Token 1.2M$ Mcap $BDK / USDT pair ONLY No KYC upto 5 BTC An…
Bidesk16 days ago
RT @sunil_bidesk: Slowly but surely. $300k USD volume for a $1.2m USD market cap coin. Go $BDK. https://t.co/wAjYUQ1qKv
Bidesk16 days ago
RT @sunil_bidesk: Volume picking up in last 4 days. Go team go $BDK. https://t.co/i8zhp1PXpt
Bidesk21 days ago
#Bidesk Opens EDI/ETH Pair. Trading EDI/ETH to Share $1200 USDT. Activity period: 2020/06/11 5:00 AM to 2020/06/18… https://t.co/trJUKauugc

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