BYDFi Review: Make Your Crypto Trading Dreams A Reality
Choosing a reliable and secure crypto trading platform can prove confusing for traders, especially with bad players and untrustworthy firms all over the market. Also, there are thousands of cryptocurrencies in the market, of which most exchanges support less than a hundred. As such, finding one with your favorite trading pairs on the right platform can be a tough nut to crack, but not impossible.
So, if you are looking for a reliable crypto trading platform for advanced trading services to achieve your financial goals, BYDFi is your best exchange.
What is BYDFi?
BYDFi is a global cryptocurrency trading platform that offers an advanced range of crypto products and services. On the BYDFi platform, you can access services such as crypto spots, derivatives and copy trading. In business since 2020, BYDFi offers convenient, professional, new and advanced trading services at competitive fees.
The crypto exchange opened in 2020 as BitYard, but was renamed BYDFi in January 2023 in response to changes in the cryptocurrency market. It’s a platform for everyone, including beginners, copiers, project teams and more. It creates a community with an ideal environment for users to communicate and interact with each other while conducting transactions.
BYDFi is building a better future for crypto trading
The crypto exchange maintains a core value that focuses on building the future of cryptocurrency to accommodate everyone’s dream financing. BYDFi plans to grow with the ever-evolving digital landscape while offering affordable NFT trading, GameFi and Metaverse services.
Why should you choose BYDFi?
BYDFi is among Forbes’ recommended top 10 best cryptocurrency exchanges in 2023. During its three years in the market, BYDFi boasts over 400 cryptocurrency trading pairs on its platform. It supports top cryptos like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), Shiba Inu (SHIB) and more. You can also access upcoming 100x Gems (low-cap coins) on BYDFi.
Unlike other spot crypto exchanges, BYDFi offers the most spot and derivatives trading pairs, with over 400 spot trading pairs at competitive fees. The table below compares BYDFI services and some of the top crypto exchanges.
BYDFi services compared to some top spot exchanges
| Exchange | BYDFi | Coin base | Kraken | Crypto.com |
| Spot fees | 0.1% | 1% | 0.2% | 0.075% |
| Spot pair | Over 400 | Over 200 | Over 200 | Over 200 |
| XRP point | ✔ | ✔ | ✔ | ✔ |
| DOGE Spot | ✔ | ✔ | ✔ | ✔ |
| SHIB Spot | ✔ | ✔ | ✔ | ✔ |
| TRX Spot | ✔ | x | ✔ | x |
| TONS Spot | ✔ | x | x | x |
| Derivatives | ✔ | x | ✔ | ✔ |
| Copy trade | ✔ | x | x | x |
| Free demo trading | ✔ | x | ✔ | x |
| Deposits and withdrawals without KYC | ✔ | x | x | ✔ |
| Shop without KYC | ✔ | x | x | x |
| 24/7 customer support | ✔ | x | ✔ | ✔ |
BYDFi services compared to other derivatives exchanges
| Exchange | BYDFi | Bitmex | Phemex | Kraken |
| Derivative tax | 0.06% | 0.075% | 0.06% | 0.06% |
| Derivative pairs | Over 150 | 30+ | 20+ | Over 90 |
| Small contract | ✔ | ✔ | ✔ | ✔ |
| Derivatives | ✔ | ✔ | ✔ | ✔ |
| Maximum leverage | 150x | 100x | 100x | 50x |
| BTC Derivatives | ✔ | ✔ | ✔ | ✔ |
| XRP Derivatives | ✔ | ✔ | ✔ | ✔ |
| SHIB derivatives | ✔ | x | ✔ | x |
| TRX derivatives | ✔ | x | ✔ | ✔ |
| Copy trade | ✔ | x | ✔ | x |
| Free demo trading | ✔ | ✔ | ✔ | ✔ |
| Deposits and withdrawals without KYC | ✔ | x | ✔ | x |
| Shop without KYC | ✔ | x | ✔ | x |
| Customer support 24/7 | ✔ | ✔ | ✔ | ✔ |
What you can earn by trading on BYDFi
- It enables a quick registration and user-friendly platform for beginners.
- Access leveraged tokens with 3x long and short options and flexible trading strategies that allow you to multiply your earnings without liquidation risk.
- Access to Lite contracts with leverage trading up to 125x.
- Access to USDT-M and USD Coin-M perpetual futures up to 150x leverage for perpetual contracts.
- Higher profit returns with greater flexibility and convenience.
- With one click, you can access copy master traders who trade for you while you sleep. This service is perfect for beginners without much knowledge of technical analysis.
- BYDFi provides demo accounts for new users with 100,000 USDT to practice trading without risking real money.
- It offers easy-to-use fiat deposit options for new traders through credit or debit cards and bank transfers.
- BYDFi fiat gateway supports over 100 currencies.
- Low and affordable trading and financing fees
- BYDFi partnered with top payment platforms, such as BANXA, Xanpool, Transak, Mercuryo and Coinify, for wider global payment options.
- Enjoy the privacy of your data with the Jumio KYC system.
- You can join their affiliate program and earn lifetime commissions and referral discounts. The affiliate program allows you to create up to 100 unique referral links. Check the official website for more information.
The bottom line
BYDFi is a crypto exchange that offers the most advanced trading services. It gives users access to highly leveraged tokens, including perpetual trading. With its user-friendly platform, BYDFi is well suited for beginners and traders looking for more adventure in crypto. Check the website for more information.
