RP Staff·

Explore BYDFi: Safe, Low Fee Crypto Exchange

BYDFi is a one-stop social trading platform for individual investors. It’s a safe and low-fee crypto exchange. BYDFi has been offering professional, convenient, and innovative trading solutions to global users since 2020, including spot trading, perpetual contracts, spot investment, martingale, and spot/future grid.

With the slogan “BUIDL Your Dream Finance” takes cryptocurrency trading to a whole new level. BYDFi aspires for its platform to afford users autonomy and leave a permanent imprint on the sector’s progress.

Background

BYDFi was officially launched in 2020 and opened the cryptocurrency market under the name BitYard. It has been online for nearly three years. In response to changes in the encryption market, it was renamed BYDFi in January 2023. By allowing traders, copiers, project teams, media, and other communities to interact and communicate, BYDFi creates a trading environment ideal for both beginners and professionals.

Core Value

In 2023, BitYard Rebranded to BYDFi. BYDFi stands for “BUIDL Your Dream Finance”. BUIDL is a slang term for “build” that is popular in the cryptocurrency community. In addition to its original meaning, this word also encourages people who believe in the future of cryptocurrency to take action to achieve their dreams. The “F” in BYDFi stands for Finance and the “i” stands for each individual person. In the future, the potential uses of cryptocurrencies will be more expansive and not limited to recent applications like NFT, Metaverse, and GameFi. To keep up with the ever-evolving digital landscape, we change our brand name to reflect our vision and mission for the crypto market and to show our commitment to our users. BYDFi presents our core values of BUIDL-ing the possibilities that will shape the future.

Security and Regulatory Compliance:

  • BYDFi holds dual MSB licenses in the US and Canada (US MSB Registration No. – 31000215482431 / Canada FINTRAC MSB Registration No. – M22636235) and is a member of South Korea’s CODE VASP Alliance（https://www.codevasp.com/page-alliances）.
  • Cold storage: The users’ digital currencies held at BYDFi are stored offline in cold storage wallets.
  • Multi-party approvals: Multiple people are required to authorize transactions.
  • Segregated accounts: Your money is held separately from ours. Your crypto is kept in segregated cold storage wallets.
  • Strict whitelisting: Transactions from our cold wallets are restricted to a whitelist. It prevents unauthorized withdrawals to any address BYDFi has not approved.

Highlights

  • BYDFi offers spot trading for over 600 cryptocurrencies, as well as flexible leverage trading ranging from 1x to 200x.
  • Multiple payment options are supported, including credit cards, debit cards, bank transfers, and third-party payment providers such as Apple Pay, Google Pay, Banxa, Transak, and Mercuryo.
  • The platform offers features such as spot trading, perpetual futures, automated trading tools（Like Spot Investment,Martingale, Grid Trading ,Copy Trading) and simulated trading.
  • Launch the leading copy trading feature. Through trader copy, users can easily follow more professional crypto traders.
  • Provides a transparent and competitive fee structure.
  • By adopting top-tier security measures such as offline deep cold wallet storage, multi-signature technology, high-performance trading engine architecture, and AWS cloud services.

BYDFi Features:

Forbes Recommended

BYDFi has been recognized by Forbes as one of the top ten best cryptocurrency exchanges in 2023. This is a significant achievement for the crypto exchange, which was launched in 2020 and has rapidly become a popular destination for traders. Overall, BYDFi’s recognition by Forbes is a testament to the exchange’s commitment to providing a secure, reliable, and innovative trading experience for its users.

ref: https://www.forbes.com/advisor/investing/cryptocurrency/bydfi-review/

ref: https://www.forbes.com/advisor/investing/cryptocurrency/best-crypto-exchanges/

600+ cryptocurrencies available:

We currently offer up to 600 different cryptocurrencies for trading, including popular ones such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), and Shiba Inu (SHIB).- Check supported coins here.

You can easily find the next 100x GEM on BYDFi. This means that cryptocurrencies that cannot be purchased on other exchanges can be found on BYDFi.

Compare to other spot exchanges:

Provide 200x leverage:

This sets BYDFi apart from other exchanges where the maximum leverage for perpetual contracts is typically 100x or 125x. BYDFi offers up to 200x leverage.

Compare to other derivatives exchanges:

What does BYDFi offer:

Spot trading:

  • Up to 600+ crypto trading pairs.
  • Trade popular coins such as Bitcoin, Ethereum, Ripple, Dogecoin, and altcoins.

Perpetual contract:

  • includes USDT-M and Coin-M perpetual futures. Check supported coins here(USDT-M) and here(Coin-M).
  • Up to 200x leverage for perpetual contracts
  • Higher potential returns, greater flexibility, and convenience
  • This sets BYDFi apart from other exchanges where the maximum leverage for perpetual contracts are typically 100x or 125x

Copy Trading ：

BYDFi’s Unique Advantage: Leading the Industry with Copy Trading

  1. Trade with as little as $10. BYDFi has lowered the trading threshold to $10, making it easier for new traders and smaller investors to participate in the crypto market.
  2. Flexible Margin Options: Choose Between Isolated or Cross Margin. The isolated margin mode enables users to manage the funds of each position independently, minimizing risk, while the cross-margin mode automatically allocates funds, enhancing asset efficiency and making it ideal for multi-strategy portfolios and complex trading. Users can choose flexibly based on their needs to optimize asset management.
  3. Multi-Asset Contract Trading Support. BYDFi supports a variety of cryptocurrencies, including mainstream assets like BTC, ETH, XRP, and popular Memecoins such as SOL, DOGE. The platform also offers various leverage options, accommodating both new traders and seasoned professionals seeking diverse trading opportunities.
  4. Transparent Fee Structure and Comprehensive Trading Tools.BYDFi is committed to maintaining a fair and transparent fee structure. Users can view transaction records, fees, and profits in real time, ensuring no hidden charges and a clear understanding of costs. Additionally, BYDFi offers market insights and advanced trading tools, including candlestick charts, real-time order functions, and multi-indicator support, helping traders optimize their strategies.
  5. Flexible Deposit Methods and Global Multi-Language Support

Demo trading:

  • All users on BYDFi can access a demo account with 100k USDT to practice trading without risking real funds.
  • This feature allows users to test their trading skills and strategies before trading with real money.
  • Demo trading is a great way for beginners to get familiar with the platform and the market.

Spot investment:

  • Available for more than 100 trading pairs.
  • Spot investment provides high liquidity, allowing for quick and efficient trades.

Spot/Futures grid:

  • Spot grid trading automates buying low and selling high within a defined price range, using preset conditions to capitalize on market fluctuations for profit.
  • Futures grid trading strategy automates long or short contract trading within a defined price range, buying more when prices drop and selling when they rise for profit.
  • Futures grid trading allows for rational trading by automatically executing buy/sell orders within a set price range, eliminating emotional decisions, and reducing losses from FOMO, FUD, greed, and expectations.

Coin list

  • Allow users to organize and track their favorite cryptocurrencies.
  • Share the crypto you are interested in with other investors.

Fiat gateway:

  • User-friendly deposit options for new traders
  • Deposit options include credit/debit cards and bank transfers
  • Support for over 100 currencies
  • Partnerships with BANXA, Alchemy Pay, Transak, Mercuryo, and Coinify for comprehensive coverage of payment options globally

Welcome Reward:

At BYDFi, we strive to make cryptocurrency trading accessible to everyone. To help new users get started, we offer a generous New User Welcome Package worth 8,100 USDT. Earn rewards simply by signing up and completing a few straightforward tasks!

To get started, simply prepare an email address or phone number to register. No KYC verification is required (except for users in South Korea). Then, you’ll receive a registration gift and can start earning rewards by completing simple tasks like setting up Google Two-Factor Authentication (2FA), configuring anti-phishing codes, and joining our community.

These tasks are easy to do and will help you get familiar with our platform, while also earning you rewards. So don’t hesitate, sign up today and take advantage of our New User Welcome Package!

No KYC Needed for Most Functions

  • There is no need for KYC to get access to most functions.
  • The daily withdrawal limit solely depends on the status of KYC verification. Unverified users can withdraw 1.5 BTC per day, whereas for verified users the limit is 6 BTC per day.

Get started with your account

1. Create Your Account

  • Visit the BYDFi website.
  • Click on the “Sign Up” button and fill in the required information to create your account.
  • Verify your email address to complete the registration process.

2. Set Up Two-Factor Authentication (2FA)

  • Log in to your new account.
  • Navigate to the security settings and enable Two-Factor Authentication (2FA) for added security.

3. Obtain crypto assets

  • Connect your credit or debit card to your account, specify the amount you wish to purchase, and wait for the transaction to complete. Visit our Third-Party Payment page to explore the payment methods available in your region.
  • Alternatively, you can transfer crypto assets from other wallets or exchanges to your BYDFi account. Be sure to select the correct blockchain network, as deposits sent to an incorrect address are irreversible.

4. Start Earning Through Crypto Trading

BYDFi is committed to delivering a world-class crypto trading experience for every user.

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