Why More Investors Are Choosing BYDFi: A Deep Dive into Its Trading Experience

BYDFi is an excellent user-friendly platform with advanced trading features for new crypto investors. This in-depth BYDFi review explores all the benefits & features it offers to new traders:

It’s 2026, and Crypto-trading has become a phenomenon. This has resulted in a surge in demand for trading platforms facilitating the seamless purchase and selling of various digital assets. As an avid trader myself and someone who regularly enjoys the company of traders, I know what’s expected from trading platforms today.  

We want a platform that’s cost-effective, user-friendly, and offers an array of advanced trading tools. I would not hesitate to call a trading platform great if it can cater to beginners and advanced traders alike.

My incessant quest for such a platform first led me to BYDFi. In only five years, the company had amassed a loyal base and received accolades from renowned publications. Needless to say, BYDFi had my attention.

BYDFi: An In-Depth Hands-On Review

After spending enough time on the platform, I want to share my honest thoughts through this hands-on review.

So without much further ado, let’s dive in.  

Overview of BYDFi: Its History and Standing Today

Formerly known as BitYard, BYDFi was launched in 2020 to arm traders with a user-friendly platform for safe and convenient trading of digital assets, mainly focusing on cryptocurrencies. The company rebranded itself in 2023 in response to the ever-evolving encryption market, taking up the moniker of BYDFi.

It didn’t take time for BYDFi to gain traction among traders, as it attracted novice and professional traders from around the world in droves. The platform offers functions and services like spot trading, perpetual contracts, simulated trading, and bots designed to automate prominent trading strategies.

BYDFi also has over 600 cryptocurrencies listed on its platform, which is massive. In just a short time, the platform has managed to serve over 1 million users in more than 150 countries worldwide.

It was also hailed by Forbes as one of the top ten best cryptocurrency exchanges in 2023. BYDFi has generated enough positive buzz to warrant the interest of traders, especially those who want to make it big in the cryptocurrency space.

How to Join BYDFi

Getting started with BYDFi is simple. All that’s required of you are the following steps:

#1) Open BYDFi’s website, sign up, and create your account by filling in the required information.

#2) Once your account is created, log in. You can also set up 2-factor authentication for enhanced security.

#3) To obtain crypto assets, link your credit and debit card to your account. Once linked, specify the amount you wish to purchase and wait for the transaction to conclude. Remember, you have the option to transfer crypto assets from other exchanges to BYDFi as well. Just select the correct blockchain network, as there’s no way to rectify the mistake of sending deposits to the wrong address.

#4) You can start trading as soon as crypto assets are obtained. Choose your assets and select from the various trading options BYDFi offers.

It is worth noting that BYDFi doesn’t make KYC mandatory to access most of its functions, although it is recommended. BYDFi does incentivize KYC for users, as verified accounts can withdraw up to 6 BTC per day. In contrast, unverified users can only withdraw up to 1.5 BTC per day.

Welcome Reward:

BYDFi offers a special “Welcome Reward” to sweeten the deal for new users. New users are offered a package worth 8100 USDT. The package offers them a chance to win rewards by simply signing up and completing a few straightforward tasks.

Signing up for the tasks is easy, and you don’t even need KYC verification unless you are a South Korean resident. The tasks themselves are easy to do. I would suggest talking up the offer as you get a feel of the platform and its many features while also earning some rewards on the side.

In hindsight, BYDFi makes the prospect of joining it very simple and enticing. The registration process is hassle-free, and you’ll be set up with an account in no time to start trading.

BYDFi’s Interface

A trading platform’s interface plays an instrumental role in welcoming traders or pushing them away. BYDFi features an interface that has many of its contemporaries beat with regard to its navigation, accessibility, and overall appearance.

Now traders have the option to use the trading platform on their web browsers or opt for the mobile app, which is available for both iOS and Android devices.

#1) Web Version

The defining aspect of BYDFi’s web interface is its sleek design. This design makes the interface more inviting. This sleek design lends the interface a clutter-free appearance, making it easier to navigate.

The interface is also highly customizable. Users engaged in spot or derivatives trading can easily add or edit technical indicators for a more streamlined experience. You can also switch the interface between light and dark mode, thus making the platform perfect for users who’d like to spend hours closely monitoring the market without straining their eyes. 

#2) Mobile App

The mobile app, both the iOS and Android versions, is equally accessible and user-friendly, as evidenced by the high user scores you’ll see on the Play Store and Apple Store. All the platform’s major features are available in the mobile app. The app is perhaps best for receiving alerts and notifications on the go for positions you are currently holding.

Trading Features Offered

An amazing interface is only half a battle won. Great trading platforms satiate their users with features and tools designed to make trading seamless. Fortunately, BYDFi does not disappoint in this department. From spot trading to advanced bots, BYDFi offers services catering to traders with different interests and skill levels.

#1) Spot Trading

I would say BYDFi is perhaps the best trading platform out there for spot trading of cryptocurrencies. The platform is among the very few today that offer the largest selection of cryptocurrency pairs to trade.

Up to 600 crypto-trading pairs are offered by the platform. These include popular coins like Bitcoin (BTC), Ethereum (ETH), DOGE, Litecoin (LTE), Cardano (ADA), and Ripple (XRP), among many others.

You can easily find the next 100X GEM on the platform. You are going to stumble upon coins in BYDFi that aren’t even available on other prominent exchanges.

#2) Perpetual Contracts

BYDFi uses two types of perpetual contracts, USDT-M and Coin-M. USDT-M is perfect for professional traders who hope to hold their margins. Coin-M is ideal for traders who want to hedge their cryptocurrencies.

Over 250 USDT-M perpetual pairs are offered by BYDFi. These include BTCUSDT (Bitcoin), ETHUSDT (Ethereum), AAVEUSDT (Aave), and 1INCHUSDT (1inch).

The Coin-M perpetual pairs offered are as follows:

• BTCUSD (Bitcoin)
• ETHUSD (Ethereum)
• DOGEUSD (DOGE Coin)
• XRPUSD (Ripple)
• DOTUSD (Polkadot)

Now, the best aspect of these perpetual futures is the high leverage. Up to 200x leverage is available on perpetual contracts. The leverage will vary depending on the token you choose. For instance, the leverage is the highest for Bitcoin and Ethereum, whereas the maximum leverage for Solana is 100x.

The New Perpetual Trading Upgrade

Recently, BYDFi upgraded its perpetual trading service, introducing three new functions to further enhance user flexibility and improve asset security. Already profitable users can now leverage unrealized profits as a margin to quickly create new positions and maximize their gains.

A new hedging function has also been introduced, allowing users to hold long and short orders in the same trading pair. Users can rely on this function to manage risk and lock their income. Both of these functions prove immensely fruitful when markets become severely volatile and traders must think on their feet.

Finally, you’ve also got the cross-margin mode, a mechanism that can help users significantly reduce the risk of liquidation while increasing the overall stability of their account.

#3) Trading Bots

Like the best crypto-trading platforms out there, BYDFi also offers advanced bots designed to automate prominent trading strategies. The bots offered by BYDFi are as follows:

1. Spot Grid

This bot automates buying and selling- buying when the price drops and selling when the price peaks. The bot is designed to take these actions at your behest based on a predefined price range and pre-set intervals.

2. Spot Investment

Spot Investment is a long-term investment strategy that users can rely on to diversify investment risk. A spot investment bot will automatically purchase currencies at fixed intervals according to a cost-averaging strategy.

This trading bot is perfect for traders who don’t have time to follow market trends, aren’t bothered by short-term fluctuations, or wish to hold tokens for a long time.

3. Spot Martingale

Spot Martingale is inspired by the high-risk betting strategy known as Martingale, where the trader doubles down on their investment during a loss in the hopes of earning during a price rebound.

The bot is set up to buy a specific set of assets at a trigger price. It will automatically buy more of these assets if its price drops below the trigger price. The bot will sell all positions as soon as the price rebounds or reaches a “take profit” amount. This bot proves itself invaluable during short-term market declines. It is perfect for volatile markets like crypto.

4. Futures Grid

Similar to Spot Grid, Futures Grid also lets traders take advantage of market fluctuations for profit. A Futures Grid trading bot will automate long and short contract trading within a set price range. It will buy when there is a dip and sell when there is a rise.  

5. Copy Trading

Copy Trading is a new service offered by BYDFi, and it is one that’s best suited for beginners. This feature comes built into BYDFi’s trading platform and helps users automatically copy the trading strategies used by various top traders with a single click.

You must complete KYC verification to become eligible for this. If you are a professional trader, you can have other traders copy your investments as well. The profit-sharing ratio for copy-trading is set at 10%. This means the trader you copied will be entitled to 10% of any profit you’ve generated.

I like how simple the entire process is on this platform. Traders are also afforded the advantage of closing their copy-trading positions anytime they desire. The feature is new though. So it will be interesting to see how much BYDFi can improve on it over time. It is already quite efficient in its current form.

6. Demo Trading

As I continued exploring BYDFi’s many services, I was consistently impressed by how committed the platform seems to appeasing beginners. Demo Trading is another example of the platform succeeding at this.

BYDFi allows its users to open a demo account with a balance of 100k USDT, thus allowing traders to practice their trading skills without risking real money. Although perfect for beginners who’d like to test their skills, anyone can perform simulated trading via a demo account on BYDFi.

Trading Fees

As you know by now, BYDFi offers a variety of services. So the fees charged will depend on the service you are using the platform for. The fees for both Spot Trading and perpetual contracts are based on the maker/taker model.

The maker and taker fee for Spot Trading is the same at 0.1%. For Perpetual contracts, the maker fee charged is 0.02%, whereas the taker fee charged is 0.06%. A trading fee of 0.2% is incurred on leveraged tokens.

No fees are charged for deposits. Withdrawals are a different story, though, with a fixed fee charged that will vary depending on various factors and the blockchain network you are using.

Payments

BYDFi offers several user-friendly payment options to its users. The platform accepts payments via bank transfers and credit/debit cards through various reliable third-party platforms like Alchemy Pay, BANXA, Mercuryo, Transak, and Coinify. The platform facilitates Fiat-To-Crypto purchases through these platforms.

Support is provided for over 100 currencies. That said, BYDFi does not support withdrawals in Fiat.

Security and Regulatory Compliance

It is a must for trading platforms to have stringent security measures in place to protect their users’ privacy and bottom line. I am glad BYDFi takes security concerns seriously. Right off the bat, you are provided with the option of enabling 2FA when logging in to avoid unauthorized log-ins.

The platform holds dual MSB licenses in the USA and Canada. It is also a member of South Korea’s Code VASP Alliance. A user’s digital assets are stored separately in segregated cold storage wallets. Multiple people are required to authorize a transaction before it can go through.

Transactions from BYDFi’s wallets are restricted to a whitelist. No amount can be withdrawn to an address that BYDFi has not approved.

All of these security measures combined do a decent job of keeping users safe. You can trust BYDFi to keep your data secure round the clock.

Customer Support

Good, responsive support any time of the day is a thing traders expect from an exchange that a publication like Forbes has recognized. BYDFi excels here. As a BYDFi user, you are entitled to support 24/7 via email and live chat.

That’s not all. There are thorough educational resources and a stacked FAQ section for your reference anytime you need questions answered. My only gripe with the support is the lack of a community forum. Hopefully, BYDFi can take heed of this and open a Discord community where traders can communicate with other traders in real time to have their queries addressed.

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Conclusion

BYDFi represents the very best of trading exchanges, especially one that’s focused on the cryptocurrency space. Since its inception, the platform has catered to over a million users across the globe, earning accolades from traders and respected publications like Forbes.

With over 600 cryptocurrency pairs listed, it is undoubtedly one of the best crypto-focused exchanges in the world. The platform caters to beginners and advanced traders alike, with services like spot trading, perpetual contracts, and copy trading.

It even lets you open a demo account to test your skills in a simulated market without real money. Joining it is simple, and you don’t even need KYC verification to use most of its functions.

The platform is constantly evolving to bring the best experience to its users. It even features trading bots that can help you face the risks associated with crypto’s wildly volatile market.

The fees are low; the support is excellent, and the security measures ensure your privacy and data remain uncompromised. I don’t think you can ask for anything more from a modern trading platform.

While not flawless, BYDFi comes very close to perfection.