Why buy Bonfida with Kraken?

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Bonfida FAQ

Learn more about Bonfida

1. How is Bonfida different from normal cash?

   Unlike traditional currencies, Bonfida is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Bonfida. This decentralization means the holders and users of Bonfida can help to maintain the network.

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2. Where can I buy Bonfida?

   Most find that the easiest and most secure way to purchase Bonfida is through a trusted cryptocurrency platform like Kraken. While Bonfida can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Bonfida.

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3. How do beginners buy Bonfida?

   While Kraken makes it easy for anyone to buy Bonfida, beginners should first do their own research (and may consider seeking professional advice) before making decisions about whether or not to buy digital currencies. After learning about Bonfida in the Kraken Learn Center, beginners can use Kraken to buy Bonfida in moments with as little as $10.

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4. Is Bonfida available to buy and sell in my country?

   To find out if Kraken offers Bonfida in your region, please check our Support article to see what cryptoassets are available in your country.

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5. Is Bonfida a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Bonfida may be a worthwhile purchase.

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6. Can I purchase Bonfida using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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7. What are the transaction fees for buying Bonfida?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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8. What is the minimum amount of Bonfida I can buy?

   You can buy as little as $10 worth of Bonfida on Kraken. Kraken also allows you to set up recurring buys so you can continuously accumulate small amounts of Bonfida regularly.

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9. Can I buy Bonfida with a debit card?

   Yes, you can buy Bonfida using a debit card on Kraken.

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10. Can I buy Bonfida with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Bonfida using hundreds of other cryptocurrencies. Browse the Bonfida markets available on Kraken to see how much it costs to buy Bonfida with other cryptocurrencies.

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11. How can I keep my Bonfida safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Bonfida. When you choose to keep your Bonfida on Kraken, it is secured by our globally-recognized security standards.

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12. Can I set up automatic recurring buy orders for Bonfida?

    Yes, Kraken makes it easy to automatically buy Bonfida on a recurring basis. Recurring buys, also known as dollar cost averaging, is a way to continuously increase your asset holdings without needing to manually place an order each time.

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13. Will I owe taxes when buying and selling Bonfida?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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14. Can I transfer Bonfida from Kraken to my crypto wallet?

    Yes, the Bonfida you buy on Kraken is yours. Kraken makes it easy to withdraw your Bonfida to any hot wallet or cold wallet that supports Bonfida. Simply enter the external wallet address and your Bonfida will be in your wallet a few moments later.

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15. Is it safe to leave my Bonfida on Kraken?

    We take every measure possible to keep the Bonfida you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Bonfida. Learn more about our globally-recognized security standards.

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16. Can I pay for online goods and services using Bonfida?

    Yes, as long as the seller is willing to accept Bonfida in return for the goods and services you are purchasing.

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17. What is the current circulating supply of Bonfida?

    The current circulating supply of Bonfida is 111,598,725 FIDA.

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