Buy Bonfida today
Buy Bonfida today
- Own FIDA & 220+ other cryptoassets
- Registered with the Financial Conduct Authority (FCA)
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.
How to buy Bonfida (FIDA) in the UK
Learn how to buy Bonfida (FIDA) on 4+ crypto exchanges in our step-by-step guide.
Bonfida (FIDA) is the 717th largest cryptocurrency by market cap, valued at US$19,655,771.
Bonfida is a highly volatile asset capable of major price swings in a single day. Today FIDA is trading for $0.325752 USD, which is higher than yesterday's trading price of $0.3108689026 USD. Over the past year, Bonfida's price has seen a decrease of -32%.
So before you buy Bonfida, make sure you understand these unique risks as well as its legal and tax status here in the UK.
If you're ready to get started, read on for step-by-step instructions on how you can buy Bonfida.
How to buy Bonfida in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
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Compare crypto exchanges
The easiest way to buy Bonfida is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
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Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a deposit
Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
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Buy Bonfida
You can now exchange your funds for Bonfida. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Bonfida to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Where to buy Bonfida in the UK
Find an exchange to buy, sell and trade FIDA by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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How we keep this Bonfida guide up-to-date
- FIDA price data is regularly updated through data feeds so you always have the latest information.
- Bonfida performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
How do I find the best places to buy Bonfida?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Bonfida?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Bonfida.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing FIDA with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What is the easiest way to buy Bonfida?
The easiest way to buy FIDA is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying FIDA, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Bonfida has been performing recently.
Best Bonfida wallets to store your FIDA
You can keep your FIDA on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your FIDA below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Is Bonfida a good investment?
The FIDA token is associated with a relatively young decentralised finance (DeFi) application. As such, investing in the FIDA token should be carefully evaluated. Here are a few points to consider before investing funds:
- Token lockup: The maximum supply of FIDA tokens is capped at 1 billion. 95.4% of all FIDA tokens will be locked between 1 and 4 years. These locked tokens will be used for a range of different measures including the SRM yield, paying Bonfida employees and contributors, and furthering the Bonfida ecosystem. Locked seed sales, which account for 9% of the total supply, will also be locked between 1 and 4 years. The remaining unlocked tokens (4.6%) will be used to provide liquidity to the application and for initial exchange offerings.
- Saturated market: The value of the FIDA token will be closely linked to the success of the Bonfida DEX. According to the whitepaper, the FIDA token will accrue all of the value from the product suite. Increased users will result in an increased demand for the token. While the Bonfida DEX will enjoy first-mover advantages within the Serum ecosystem, it is certainly not one of the more established DEXs currently available in the cryptocurrency industry. There are now several decentralised exchanges littered across the industry, which means Bonfida will need to work hard to retain a top spot. The leverage of Solana and Serum may only carry the DEX so far.
- Range of use cases: The range of use cases for FIDA within the Bonfida ecosystem is extensive. The higher the number of use cases, commonly the higher the demand for the token will be. According to the whitepaper, the FIDA Foundation may also allow the token to be used for governance purposes in the future.
- Buy and burn program: Bonfida implements a buy and burn program for the FIDA token. The features is both decentralised and permissionless. 95% of all transactional fees are collected in the buy-burn pool on Bonfida. Those fees are then either burned or used to buy FIDA from the market. This is decided by FIDA token holders. The buy and burn program was designed to place continual deflationary pressure on the token.
Today's Bonfida price versus ATH
Compare today's price of Bonfida ($0.325752 USD) against its all-time-high price of $18.77 USD on 03 November 2021. The closer the bar is to 100%, the closer FIDA is to reaching its ATH again.
Bonfida's price: $0.325752
ATH date: November 03, 2021
ATH date: November 03, 2021
1.74%
Bonfida ATH: $18.77
How to trade, convert or sell Bonfida
You can convert or sell your FIDA with the same exchange you bought it through:- Sign in to the exchange you have FIDA on.
- If you store your Bonfida in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of FIDA you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Bonfida.
- Complete your transaction and move your FIDA to a wallet for storage.
* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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