BYDFi Review 2025: A Detailed Analysis Of Trading Types, Wallets And More

Coinreviews.net

/

bydfi-Review

If you’re navigating the crowded world of cryptocurrency exchanges, finding one that balances powerful trading tools, competitive fees, and global accessibility can feel like striking gold. Enter Bydfi – a platform making waves for its user-friendly experience, robust trading options, and a unique feature set designed for traders of all levels. In this Bydfi Review, CoinReviews dives deep to uncover what sets Bydfi apart from the pack.

From lower-than-average fees and diverse altcoin options to advanced leverage and copy trading features, Bydfi claims to be a versatile platform fit for both beginners and pros. But is it really the game-changer it seems to be? And what about those details Bydfi doesn’t openly advertise? In this in-depth review, we’ll explore everything you need to know—from account setup and security to trading options and customer support. We’ll also cover why Bydfi is a favorite among privacy-conscious traders and how it stacks up against competitors.

At CoinReviews, our mission is to bring you honest insights and a comprehensive look into the platforms shaping today’s crypto landscape. So, is Bydfi the right choice for your trading journey? Let’s find out!

What is BYDFi?

BYDFi review

BYDFi is a comprehensive cryptocurrency trading platform that caters to both novice and professional traders by providing a wide range of trading options, robust security, and a user-centered approach. Originally launched in 2019 as BitYard, the platform was rebranded to BYDFi in 2023, embodying its slogan “BUIDL Your Dream Finance”. BYDFi aims to enhance the cryptocurrency trading experience by providing an intuitive and user-friendly interface.

BYDFi is renowned for its comprehensive trading ecosystem that goes beyond the standard offerings of most exchanges. With over 500,000 users in 150+ countries, it provides a broad range of trading pairs, including popular cryptocurrencies like Bitcoin, Ethereum, and Ripple, alongside a selection of niche and lesser-known altcoins. This variety enables users to diversify their portfolios and explore new trading opportunities. BYDFi’s commitment to accessibility is evident through its multi-language support and user-friendly interface, making it suitable for traders of all experience levels.

One of BYDFi’s key features is its regulatory compliance and multiple licenses, ensuring that users can trade with confidence. The platform caters to both beginner and advanced traders with a variety of offerings, such as futures trading, social trading, and copy trading.

A unique aspect of BYDFi’s social trading is that users can get paid when others copy their trades, creating a community where traders can share strategies and learn from each other. This model encourages active participation, making it an appealing option for those looking to build a network and earn from their trading knowledge.

In addition to its core trading features, BYDFi provides fast and easy options for depositing and withdrawing funds, with convenient methods to convert fiat to crypto and vice versa. These features make BYDFi a solid choice for anyone interested in cryptocurrency trading, whether you’re a beginner or an experienced trader.

[button url=”https://www.bydfi.com/en/register?ru=DcvPcu” target=”blank” style=”3d” background=”#49ef2d” color=”#FFFFFF” size=”10″ wide=”no” center=”yes” radius=”auto” icon=”icon: mail-forward” icon_color=”#FFFFFF” text_shadow=”none”]Visit BYDFi[/button]

BYDFi Review: Company Overview

BYDFi’s journey from its initial launch to its current standing as a global crypto exchange is a testament to its commitment to empowering individual financial growth through cryptocurrency. Originally introduced as BitYard in 2019, the platform underwent significant transformations to better serve the needs of its users and build a resilient, user-focused brand in the world of digital finance.

From BitYard to BYDFi: A Rebranding with Purpose

In 2023, BitYard rebranded as BYDFi to better align with its mission and philosophy. The new name, an acronym for BUIDL Your Dream Finance, reflects the platform’s dedication to helping users actively “build” their financial futures in the crypto space.

  • BUIDL as a Guiding Principle: The term “BUIDL”, derived from “build” is commonly used in the cryptocurrency community to inspire innovation and proactive financial growth.
  • Symbolism in the Name: The “F” in BYDFi stands for Finance, while “i” emphasizes the individual, highlighting the platform’s focus on individual empowerment.

Key Milestones in BYDFi’s Development

Over the years, BYDFi has expanded its reach, achieved regulatory compliance, and introduced unique features to enhance the trading experience for its users.

  • 2019 – Launch of BitYard: BitYard launched as a user-friendly exchange platform, catering to crypto enthusiasts globally.
  • 2020 – Expansion of Offerings: BitYard’s rapid growth allowed it to expand asset listings, adding both popular and niche cryptocurrencies to support diverse trading needs.
  • 2023 – Rebranding to BYDFi: The rebranding marked a shift toward a broader mission, symbolized by the BUIDL Your Dream Finance tagline, aligning the brand more closely with its goals.

Building a Global Presence with Regulatory Compliance

BYDFi has made significant strides in establishing a trustworthy and compliant platform, particularly within regions where cryptocurrency regulations are stringent.

  • Operating in Over 150 Countries: BYDFi has grown its global presence, now serving over 500,000 users in more than 150 countries.
  • Compliance and Licensing: In the United States, BYDFi is registered with FinCEN as a Money Services Business, a license that enables it to operate legally, ensuring a regulated and transparent experience for American traders.

Innovative Trading Features and Community Engagement

BYDFi has developed unique features that encourage community interaction and provide users with versatile trading options.

  • Social and Copy Trading: BYDFi introduced social trading features where experienced traders earn rewards when others copy their strategies, fostering a collaborative community.
  • Leveraged Trading and Futures Options: Offering leverage of up to 200x on certain trades, BYDFi provides advanced trading tools to users seeking more dynamic strategies.

Security and Accessibility: Foundational Pillars

From the beginning, BYDFi has prioritized security, implementing industry-leading protections and ensuring ease of access for all users.

  • Unbreached Security Record: With multi-signature cold storage and other robust security protocols, BYDFi has maintained a clean security record, giving users confidence in their asset safety.
  • User-Friendly Interface: BYDFi’s intuitive design and multi-language support make it accessible to traders at all experience levels, further broadening its appeal.

BYDFi’s journey is characterized by a steady focus on innovation, community, and security, all designed to empower individuals on their financial journeys. Its rebranding, regulatory compliance, and range of unique features have solidified BYDFi as a dynamic and trusted player in the cryptocurrency world, dedicated to helping users BUIDL their dream finances.

BYDFi Review: Main Features

BYDFi review

BYDFi is a comprehensive cryptocurrency exchange that distinguishes itself through a wide range of tools, services, and features tailored to meet the needs of both novice and advanced traders. Designed with flexibility and ease of use in mind, BYDFi offers diverse trading options, earning features, and advanced customization capabilities that make it a strong choice for traders seeking both convenience and functionality.

Variety of Trading Options

BYDFi supports multiple trading types to cater to different investment strategies and preferences:

  • Perpetual Contracts: Allows users to trade contracts with no expiration, offering high flexibility. USDT-M perpetual contracts are supported, enabling traders to use stablecoins.
  • Futures Trading: BYDFi provides futures contracts with set settlement dates, suitable for those aiming to hedge or speculate on the future price of digital assets.
  • Spot Trading: For users interested in direct ownership, BYDFi offers spot trading with a broad selection of assets.
  • Leveraged Tokens: These tokens allow users to gain leverage without the risk of liquidation, automating position management.
  • Copy Trading: Ideal for beginners, copy trading lets users mimic top traders’ strategies with ease, providing opportunities to learn from and replicate successful trades.

Earning Opportunities

BYDFi offers additional ways for users to earn passive income:

  • BYD Token: BYDFi’s native token, BYD, grants users access to exclusive perks, such as lower trading fees and staking rewards.
  • Assist 2 Earn: Invite two friends to BYDFi and earn a 50 USDT bonus. Each friend receives 20 USDT upon completing a trading task.
  • Lucky Wheel: Users can earn Lucky Coins by referring friends who complete trading tasks, which can be redeemed for rewards up to 100 USDT.

Advanced Services and Customization

BYDFi enhances trading with features designed for customization and strategic flexibility:

  • Customizable Trading Interface: The platform provides customizable charting tools, allowing traders to tailor their interface for optimal strategy execution.
  • Institutional Services: For professional and institutional traders, BYDFi offers over-the-counter (OTC) trading, ensuring secure, efficient transactions for large trades.
  • Strategy Trading Bots: Users can automate strategies with BYDFi’s trading bots, including the Spot Grid, Spot Investment, and Spot Martingale bots for grid trading and dollar-cost averaging.
  • Demo Account: A virtual trading environment loaded with 100,000 USDT in simulated funds allows users to practice trading risk-free, gaining familiarity with platform features and strategies before committing real funds.

User-Friendly and Professional Interfaces

BYDFi’s dual-interface design accommodates all experience levels:

  • Classic UI: Streamlined and simple for beginners, this interface provides easy access to essential trading features.
  • Advanced UI: Designed for experienced traders, the advanced UI includes over 100 technical indicators and detailed charting options.

Diverse Asset Choices

With a wide range of assets beyond mainstream cryptocurrencies, BYDFi serves as a one-stop platform for digital asset trading:

  • Asset Variety: Alongside Bitcoin and Ethereum, BYDFi supports Forex pairs, commodities, and over 1,000 trading pairs across Spot, Perpetual Futures, and Leveraged Tokens.

Additional Tools and Benefits

  • Affiliate Program: Users can earn commission by referring new traders, with earnings tracked through a dedicated affiliate center.
  • Rewards Program: New users earn bonuses by completing tasks, and advanced users receive rewards based on trading volume and deposits.

Emphasis on Security and Support

Security and user support are top priorities at BYDFi:

  • Security Measures: BYDFi uses two-factor authentication (2FA), multi-signature cold storage, and segregated accounts to protect user funds.
  • 24/7 Customer Support: The support team is available through live chat and email, ensuring users can receive timely assistance for any issues.

BYDFi’s feature-rich platform makes it an excellent choice for a broad spectrum of crypto traders. With intuitive tools, copy trading options, advanced strategies, and both flexible and high-risk trading choices like perpetual futures and leveraged tokens, BYDFi ensures accessibility and depth for users at any stage of their trading journey.

BYDFi Review: Asset Coverage & Instruments

BYDFi offers a range of leveraged trading options, primarily through leveraged contracts that operate similarly to Contracts for Difference (CFDs), rather than traditional futures. This setup simplifies the trading experience by eliminating order books; instead, BYDFi matches trades internally. One of the key benefits of this approach is the absence of order slippage, ensuring trades are executed at the specified price.

Margin Trading with Leverage

BYDFi supports margin trading, allowing users to take leveraged positions up to 100x. This leverage gives traders the opportunity to amplify gains, though it also increases potential risks. While BYDFi offers high leverage, it encourages cautious use, especially for newer traders. For a more controlled approach, users can begin with leverage settings around 10x to 20x to minimize risk exposure.

The margin requirements vary based on the size of the trade, with larger trades potentially having adjusted margin requirements to balance risk across the platform. This customization supports more sustainable trading and risk management.

Assets Available on BYDFi

BYDFi provides an extensive selection of cryptocurrencies for leveraged trading, which includes major assets like:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Bitcoin Cash (BCH)
  • DASH
  • EOS
  • Ethereum Classic (ETC)
  • LINK
  • Litecoin (LTC)
  • Tron (TRX)
  • XRP

This range covers popular digital assets, giving traders a variety of options beyond just Bitcoin and Ethereum, surpassing the selection offered by some competing platforms.

Isolated Margin & Risk Management

One of BYDFi’s distinguishing features is its use of isolated margin. This system isolates the margin allocated for each trade from other active positions, offering added security for individual trades. This structure prevents a trader’s entire portfolio from being impacted by losses on a single position, a risk that can occur with cross margin systems found on other exchanges.

With isolated margin, traders’ exposure on each trade is limited to the funds allocated for that position, which minimizes the risk of liquidation across multiple positions. This feature adds a layer of protection, especially for those who trade with high leverage.

Transparent Pricing with K-Line Weighted Average

Since BYDFi does not maintain its own order books, it employs a K-Line weighted average pricing model to provide reliable price data for trades. This method pulls pricing information from major exchanges, including Binance, OKEx, and Huobi, with respective weightings of 30%, 40%, and 30%. This ensures that pricing is accurate and transparent, reflecting a balanced average from multiple sources.

BYDFi’s asset coverage and trading instruments cater to both experienced and cautious traders. With high leverage options, isolated margin for enhanced risk management, and a diverse asset selection, BYDFi offers a unique and robust platform for leveraged trading. Its use of K-Line weighted averages further ensures price transparency, making BYDFi a reliable and competitive choice for crypto traders seeking flexibility and security.

[button url=”https://www.bydfi.com/en/register?ru=DcvPcu” target=”blank” style=”3d” background=”#49ef2d” color=”#FFFFFF” size=”10″ wide=”no” center=”yes” radius=”auto” icon=”icon: mail-forward” icon_color=”#FFFFFF” text_shadow=”none”]Visit BYDFi[/button]

BYDFi Review: Cryptocurrencies Available

BYDFi review

BYDFi is a rapidly growing cryptocurrency exchange that supports a broad range of digital assets, catering to the diverse needs of traders worldwide. The platform provides access to over 400 cryptocurrencies, offering both popular assets and lesser-known altcoins for investors to trade and explore. Here is a closer look at some of the key cryptocurrencies available on BYDFi:

Popular Cryptocurrencies

BYDFi ensures that traders have access to the most widely recognized and frequently traded digital assets. These include:

  • Bitcoin (BTC): The leading cryptocurrency, often considered the gold standard of digital currencies.
  • Ethereum (ETH): Known for its smart contract functionality, Ethereum is one of the most popular altcoins in the crypto space.
  • Binance Coin (BNB): The native token of Binance, widely used for trading fee discounts and other utilities.
  • Cardano (ADA): A highly regarded blockchain with a focus on security and scalability.
  • XRP: Known for fast and cost-efficient cross-border payments, XRP continues to maintain strong relevance in the crypto industry.
  • Dogecoin (DOGE): Initially created as a joke, Dogecoin has gained significant popularity, especially among retail investors.
  • Polygon (MATIC): A Layer 2 scaling solution for Ethereum, Polygon aims to improve the network’s speed and reduce transaction costs.

Less-Common Cryptocurrencies

In addition to mainstream assets, BYDFi also offers a wide variety of niche cryptocurrencies, giving users the opportunity to explore emerging projects. Some of these lesser-known tokens include:

  • Shiba Inu (SHIB): A meme coin that gained popularity as a rival to Dogecoin.
  • Polkadot (DOT): Aims to enable cross-chain interoperability, enhancing the communication between different blockchains.
  • Litecoin (LTC): Often referred to as the silver to Bitcoin’s gold, Litecoin is a peer-to-peer cryptocurrency offering faster transactions.
  • Avalanche (AVAX): A decentralized platform that aims to enable faster and more scalable blockchain applications.
  • Tezos (XTZ): A self-amending blockchain designed for governance and smart contract applications.

Stablecoins and DeFi Tokens

For those looking for stable alternatives to volatile cryptocurrencies, BYDFi supports various stablecoins, including Tether (USDT), which is pegged to the US dollar, and USD Coin (USDC). These stablecoins are often used for trading pairs, as they offer stability amid market fluctuations.

BYDFi also supports a range of DeFi tokens, which are used within decentralized finance platforms for staking, lending, and yield farming. These tokens allow users to participate in the growing DeFi ecosystem and earn rewards through decentralized applications.

Comprehensive Selection for Traders

With its vast selection of over 400 crypto assets, BYDFi provides one of the most comprehensive trading ecosystems available. Traders have access to both established cryptocurrencies and innovative altcoins, making it an attractive platform for those looking to diversify their portfolios.

The availability of such a wide range of cryptocurrencies, paired with advanced trading features, solidifies BYDFi as a competitive exchange in the rapidly evolving crypto market. Whether you’re a beginner looking to invest in the major coins or an experienced trader seeking new opportunities in altcoins, BYDFi has you covered.

By offering a wide array of digital assets, BYDFi makes it easy for users to explore various sectors of the crypto market and adapt to its ever-changing landscape.

BYDFi REview: Fees & Costs

When trading on BYDFi, it’s important to be aware of the fee structure as it can impact your overall profitability. BYDFi offers a competitive and transparent fee system that applies to various types of trades and services. Here’s a breakdown of the key fees associated with using BYDFi:

Deposit and Withdrawal Fees

Deposits: There are no fees for depositing cryptocurrencies into your BYDFi account.

Withdrawals: For withdrawals, BYDFi charges a flat fee of 2 USDT per transaction. It’s also worth noting that a $50 minimum withdrawal is required.

Trading Fees

BYDFi follows a maker-and-taker model for spot trading, which impacts the fee structure:

Spot Trading Fees:

  • Taker Fee: 0.1% to 0.3%
  • Maker Fee: 0.1% to 0.3%
    The actual percentage depends on the type of order and the execution method. This fee applies to all spot trading pairs.

Formula for Spot Fees:

  • The transaction fee for spot trades is calculated by multiplying the filled order quantity by the transaction fee rate:
  • Spot Transaction Fee = Filled Order Quantity × Transaction Fee Rate.

Contract Trading Fees

BYDFi also offers contract trading options with specific fees for different contract types:

Lite Contracts:

  • Opening Fee: 0.05% of the margin
  • Closing Fee: 0.05% of the margin
    The opening and closing fees are pre-deducted when the position is opened, and no additional charges apply when the position is closed.

Perpetual Contracts (USDT-M & COIN-M):

  • USDT-M Contracts:
    • Taker Fee: 0.06%
    • Maker Fee: 0.02%
  • COIN-M Contracts:
    • Taker Fee: 0.06%
    • Maker Fee: 0.02%

Formula for Contract Trading Fees: The fees for perpetual contracts are calculated based on the entry and exit price of the contract, multiplied by the transaction fee rate.

Leveraged Tokens Fees

Trading Fee for Leveraged Tokens: A 0.2% fee is charged for each leveraged token transaction (both for buying and selling).

Management Fee: A 0.03% daily management fee is charged on the true value of leveraged tokens at 00:00:00 (UTC+8). This fee is reflected in the net asset value of the tokens.

Conversion Fees

For converting between different cryptocurrencies on the BYDFi platform:

  • Conversion Fees: The fee ranges between 0.1% and 0.15% per transaction.

Additional Fees

Overnight Fee: If you opt to keep your order open overnight, BYDFi charges an overnight fee. The formula for this fee is:

Overnight Fee = Margin × Leverage × 0.045% × Days

This fee is charged at 05:55:00 (GMT+8) and is applied only to positions that are kept open overnight (you must opt-in when making the trade).

Summary of Key Fees

BYDFi review

BYDFi’s fee structure is relatively straightforward, with competitive rates across the board. The spot trading fees are in the industry standard range (0.1% – 0.3%), while the fees for perpetual contracts and lite contracts are on the lower end, making it an attractive platform for frequent traders. The absence of fees on deposits and the clear structure for withdrawal and trading costs helps to ensure transparency for users.

While BYDFi’s fees are reasonable, especially for those trading on the platform frequently, you should always consider how these costs may impact your overall trading strategy. 

How to Open a BYDFi Account?

BYDFi review

Opening an account on BYDFi is a simple and straightforward process that can be completed in just a few easy steps. Whether you are new to cryptocurrency or an experienced trader, you can quickly get started and begin trading on the platform. Here’s a detailed guide on how to open a BYDFi account:

Step 1: Visit the BYDFi Website

  • Start by going to the official BYDFi website:
[button url=”https://www.bydfi.com/en/register?ru=DcvPcu” target=”blank” style=”3d” background=”#49ef2d” color=”#FFFFFF” size=”10″ wide=”no” center=”yes” radius=”auto” icon=”icon: mail-forward” icon_color=”#FFFFFF” text_shadow=”none”]Visit BYDFi[/button]
  • On the homepage, you’ll find a “Get Started” button located in the top right corner. Click on this button to begin the account registration process.

Step 2: Choose Your Registration Method

  • Email Registration: If you prefer to register with your email address, select the email option.
  • Mobile Registration: Alternatively, you can choose to register with your mobile number.

Step 3: Provide Your Information

For Email Registration:

  • Enter your email address.
  • Click on the “Send” button to receive a verification code to your email inbox.
  • Once you receive the code, input it on the website.
  • Create a secure password for your account.
  • Optionally, you can enter an invitation code if you have one.
  • Agree to BYDFi’s terms of service and privacy policy.

For Mobile Registration:

  • Choose your country or region and input your mobile number.
  • Click “Send” to receive a verification code via SMS.
  • Enter the verification code to confirm your phone number.
  • Set up a password for account security.
  • After this, click “Get Started” to complete the registration.

Step 4: Verify Your Account

After entering your details and setting your password, you will need to verify your account. This step is crucial to ensure the security of your account and prevent fraud.

  • Email Verification: If you used email, check your inbox for a verification code and enter it on the website.
  • Mobile Verification: If you registered with your phone number, input the SMS code received.

Step 5: Complete Additional Verification (If Required)

Depending on your country of residence and the funding method you plan to use, BYDFi may request additional Know Your Customer (KYC) verification.

  • This could involve submitting a government-issued ID, a selfie, or proof of address.
  • Follow the instructions provided by BYDFi to complete this step.

Step 6: Fund Your Account

Once your account is verified, you can fund it through one of the available deposit methods. BYDFi supports both crypto deposits and fiat currency deposits via third-party payment services.

Step 7: Start Trading

  • After funding your account, you can begin exploring the various trading options on BYDFi, including spot trading, futures, social trading, and copy trading.
  • The platform offers an intuitive interface for new and experienced traders alike.

Step 8: Sign-Up Bonus

After completing the registration and KYC process, BYDFi welcomes you with a sign-up bonus. This may include a Mystery Box and other promotional bonuses that you can earn by completing specific tasks on the platform.

Additional Notes

  • Single Account: You can only open one account per email address or mobile number. BYDFi does not allow the ownership of multiple accounts under the same contact information.
  • Security: Ensure you set a strong, unique password for added security. It’s recommended to enable two-factor authentication (2FA) once your account is set up.

Opening an account on BYDFi is quick, easy, and user-friendly. The process involves selecting your registration method (email or mobile), verifying your identity, completing the KYC process (if required), and funding your account. With these steps completed, you’re ready to start trading on one of the most intuitive and competitive cryptocurrency exchanges.

BYDFi Review: Deposits & Withdrawals

BYDFi review

BYDFi offers a streamlined process for depositing and withdrawing funds on its crypto exchange platform. While it supports a variety of cryptocurrencies for deposits and withdrawals, fiat currency transactions are managed through third-party payment providers. Here’s a comprehensive overview of how deposits and withdrawals work on BYDFi:

Deposits at BYDFi

BYDFi provides two main deposit options: crypto deposits and fiat deposits via third-party providers.

Crypto Deposits

  • To deposit crypto into your BYDFi account, log in and navigate to the “My Assets” section.
  • Click the “Deposit” button next to your selected cryptocurrency.
  • Choose the correct network (such as ERC-20, TRC-20, etc.) depending on the cryptocurrency you wish to deposit.
  • You can either copy the wallet address or scan the QR code to initiate the transfer from your external wallet.
  • Once the transaction is complete, it may take some time to process based on the cryptocurrency’s network confirmations.

For example, when depositing Tether (USDT), you have the option to choose from TRC20, ERC20, or OMNI networks. Each of these networks has its own deposit process, and the deposit time will depend on the network’s transaction confirmation speed.

Fiat Deposits

  • Fiat deposits on BYDFi are not directly handled by the exchange; instead, they are processed through third-party services such as Paxful, XanPool, Transak, Ramp, Coinify, Mercuryo, and Banxa.
  • These third-party providers allow users to deposit fiat currency through various methods including credit cards, debit cards, bank transfers, and electronic payments (such as Apple Pay or Google Pay).
  • It’s important to note that you’ll need to complete a KYC (Know Your Customer) verification process with the third-party provider before making any fiat deposit.

At the moment, fiat funding is only available in specific regions such as Vietnam and Mainland China, with plans for expansion to other regions in the future.

Withdrawals at BYDFi

Unlike deposits, BYDFi supports crypto withdrawals directly. However, fiat withdrawals are not available through the platform at this time.

Crypto Withdrawals

To withdraw crypto from BYDFi, users must have set up Google Authenticator for security. Here’s how the withdrawal process works:

  • Select Cryptocurrency: Navigate to the “Withdraw” section and choose the cryptocurrency you wish to withdraw from the dropdown menu.
  • Choose Network: Select the appropriate blockchain network for your transaction (such as ERC-20, TRC-20, etc.).
  • Enter Wallet Details: Input the external wallet address where you want to send the funds.
  • Specify Withdrawal Amount: Enter the amount you wish to withdraw.
  • Network Fees: Note the network fees for the transaction, as these may vary based on the cryptocurrency and network you’re using.
  • Complete the Withdrawal: After verifying the details, click “Withdraw” to initiate the transfer.

Withdrawal Limits

  • Unverified Accounts: Can withdraw up to 0.2 BTC daily.
  • Verified Accounts: Can withdraw up to 5 BTC daily.
  • Non-KYC Users: Have a limited withdrawal limit of 1.5 BTC per day.

Withdrawal Fees

  • BYDFi charges a $2 USDT withdrawal fee for crypto withdrawals.
  • The minimum withdrawal amount for crypto is $50 USDT, meaning you must have at least $52 in your account to process a withdrawal.

Important Notes on Withdrawals

  • Always double-check your external wallet address before making a withdrawal. Sending funds to an incorrect address could result in permanent loss of your crypto.
  • You must also have a PIN address set up for additional security during withdrawals.
  • Withdrawals are processed between 9:00 AM and 9:00 PM (Singapore Time).

BYDFi provides a transparent and user-friendly approach to managing your funds, with straightforward steps to deposit and withdraw cryptocurrencies and a clear fee structure. However, users should be aware that fiat withdrawals are not supported, and they must use third-party services for any fiat funding.

BYDFi Review: Buy and Sell Cryptocurrency

BYDFi review

BYDFi provides an efficient and user-friendly platform for both buying and selling cryptocurrencies. Whether you’re new to crypto or an experienced investor, BYDFi offers tools that make the process straightforward. Here’s a closer look at how the platform supports both buying and selling cryptocurrencies:

Buying Cryptocurrency on BYDFi

BYDFi offers seamless access to over 400 cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), allowing users to buy crypto with fiat currency.

Fiat Gateway Support

  • Fiat to Crypto: BYDFi supports 90+ fiat currencies for purchasing cryptocurrencies, including major currencies like USD, GBP, and EUR. This provides broad access to users from various regions.
  • Payment Channels: To facilitate fiat-to-crypto purchases, BYDFi uses trusted third-party payment channels such as Transak, Coinify, and Banxa.
  • Payment Methods: These payment processors support a wide range of payment methods, including Visa, Mastercard, and SEPA transactions for customers in Europe. This flexibility makes it easy for users to fund their accounts using credit cards, debit cards, or bank transfers.

Convenience with Apple Pay

For users on iPhones or iPads, Banxa offers an additional convenience by integrating with Apple Pay, making purchases even quicker and more convenient. This integration is ideal for mobile users who prefer seamless transactions on their devices.

Selling Cryptocurrency on BYDFi

When it comes to selling cryptocurrencies, BYDFi provides a simple and secure way to convert your digital assets back into fiat currency. However, unlike buying, the platform has more limited options for selling.

Fiat Gateway for Selling

  • Selling Fiat Options: Currently, BYDFi supports selling cryptocurrencies for a limited set of fiat currencies, including AUD, EUR, and CAD. These options are more restricted compared to the buying process.
  • Banxa as the Payment Processor: For selling, BYDFi only uses Banxa as the payment processor, which ensures secure and reliable transactions. Through Banxa, users can convert their crypto holdings into the supported fiat currencies.

Smooth Payment Experience

Banxa’s integration with Visa, Mastercard, and Apple Pay for transactions ensures that users have an efficient and convenient way to receive funds. Whether you’re selling crypto for fiat or withdrawing to your bank account, Banxa helps manage the transaction with ease.

Key Features

  • Multiple Fiat Currencies Supported: While buying is available in 90+ fiat currencies, selling is available only in AUD, EUR, and CAD.
  • Payment Channels: BYDFi uses trusted third-party payment processors like Transak, Coinify, and Banxa to manage purchases and sales.
  • Visa, Mastercard, and SEPA: These payment methods are supported for both buying and selling, ensuring flexibility for users worldwide.
  • Apple Pay Integration: Banxa’s Apple Pay integration enhances convenience for mobile users on iOS devices.

BYDFi provides a comprehensive solution for buying and selling cryptocurrencies, making it accessible for users across various regions and payment preferences. The platform offers robust support for purchasing over 400 cryptocurrencies with fiat through multiple payment processors. While selling options are more limited (with fewer fiat currencies available for withdrawals), the use of Banxa as the sole payment processor ensures a smooth and secure process for converting crypto back to fiat.

BYDFi Review: Wallets

BYDFi provides a versatile and secure wallet system for users to manage their crypto holdings, specifically designed to enhance user control and accessibility. BYDFi’s wallet functionality covers a range of supported cryptocurrencies and allows for convenient deposit, withdrawal, and trading options directly within the platform.

Key Features of BYDFi Wallets

Accessing Wallets Easily

  • My Assets Page: Users can locate their wallets on the My Assets page, accessible under the Assets dropdown menu. This page is designed for straightforward navigation, allowing users to handle various wallet-related actions seamlessly.

Comprehensive Wallet Functions

  • Deposits, Withdrawals, and Transfers: Users can deposit funds, withdraw to external wallets, and transfer between supported assets with ease.
  • Trading Directly from Wallets: The BYDFi wallet setup allows users to trade cryptocurrencies directly from their wallets, simplifying asset management and reducing transaction steps.

Real-Time Asset Balance Display

  • Individual and Total Balances: Users can view individual wallet balances in both crypto and fiat values. The total asset balance is displayed in USDT and USD, providing a clear overview of portfolio worth.
  • Search Functionality: The search feature allows users to locate individual wallets quickly, which is particularly useful for managing diverse portfolios.

Transaction and History Tracking

  • Detailed Histories: Each wallet includes a history log for trades, deposits, and withdrawals, offering users transparency and control over their transaction records. This feature is helpful for monitoring and tracking investment and withdrawal patterns.

Security and User Experience

BYDFi emphasizes both security and user convenience in its wallet infrastructure. Each wallet is fortified with security features that help safeguard funds and ensure seamless transactions. The platform’s wallet design allows users to view and manage their crypto portfolios without needing external wallet integrations, which helps streamline the trading experience.

BYDFi’s wallet system is user-friendly, secure and versatile, making it an excellent option for managing digital assets within the exchange environment. With real-time tracking, transaction history and integrated trading, BYDFi wallets cater to both active traders and long-term holders, ensuring that users have the tools they need to efficiently manage their crypto assets.

BYDFi Review: Trading Platform

BYDFi Review

The BYDFi trading platform is designed to offer a streamlined and approachable experience for users of all skill levels. Emphasizing simplicity and functionality, the platform provides a flexible layout with adjustable features, a clean design, and essential trading tools that make it a strong choice for both beginner and experienced traders. Here’s a detailed look at its primary features and layout.

User-Friendly and Customizable Interface

The BYDFi platform stands out for its simplicity and customizable interface. Upon entering, you’ll find a straightforward layout:

  • Markets on the Left: Choose your preferred cryptocurrency market or asset.
  • Center Chart Area: The chart’s size can be adjusted, giving you more space for price analysis.
  • Order Forms to the Right: Quickly enter orders and manage positions.
  • Order Management at the Bottom: Monitor your open and completed orders, adjust settings, and view live orders.

BYDFi’s clean, uncluttered design is ideal for users who appreciate a straightforward setup. There is also a dark mode option for those who prefer a night-friendly interface.

Charting and Analysis Tools

While the BYDFi charts provide basic functions, they’re not packed with advanced technical indicators. However, users can draw trend lines and simple patterns, which can support foundational chart analysis. For traders who rely on more in-depth analysis, BYDFi encourages using external charting platforms like TradingView, where they can conduct complex analysis and then return to place trades on BYDFi.

This simplicity aligns well with BYDFi’s goal to keep its charts accessible to beginners without overwhelming them with options.

Order Forms and Types

The BYDFi order form is straightforward, keeping trading accessible while still offering essential features:

  • Market Orders: These orders execute at the current market price, ideal for quick trades.
  • Limit Orders: Limit orders are placed above or below the market, executing only when the asset reaches the set price. This helps traders control entry points more effectively.

Practical Advice

For both new and seasoned traders, BYDFi’s platform encourages effective risk management. Setting TP and SL limits at the start of a trade helps to minimize emotional decisions and ensures that trades are executed even when users are away from the screen. With a 500% TP cap in place, the platform helps mitigate risks associated with the high volatility of cryptocurrency markets.

Order Management and Asset Information

One unique aspect of the BYDFi platform is its order management system, which enables users to modify or close all active positions simultaneously. This feature is especially useful for those who manage multiple trades and want a quick way to react to changing market conditions.

Under the order form, you’ll also find asset descriptions and contract details, offering insights into the specific cryptocurrencies or assets being traded. This is helpful for newer traders who want to understand the markets they’re entering without needing to leave the platform.

Practical Tips and Advice

For new and seasoned traders alike, BYDFi’s platform makes risk management a top priority. Using tools like TP and SL at the outset of a trade can prevent emotional decision-making and enable smoother trades. BYDFi encourages these practices to ensure that trades can be executed at any time, even if the trader is not monitoring the markets.

[button url=”https://www.bydfi.com/en/register?ru=DcvPcu” target=”blank” style=”3d” background=”#49ef2d” color=”#FFFFFF” size=”10″ wide=”no” center=”yes” radius=”auto” icon=”icon: mail-forward” icon_color=”#FFFFFF” text_shadow=”none”]Visit BYDFi[/button]

BYDFi Review: Mobile App

BYDFi review

The BYDFi mobile app brings the essential trading features and functionalities of the BYDFi platform to mobile users, allowing traders to stay connected and manage their portfolios on the go. With versions available for both iOS and Android, the app can be downloaded from the iTunes Store and Google Play.

Features and Functionality

The mobile app is designed to mirror the functionality of the BYDFi web platform, offering users an intuitive experience with easy-to-use tools. Key features include:

  • Real-Time Charts: The app provides interactive charts that users can customize to monitor market trends and individual asset performance. This is beneficial for those who want to track positions closely and analyze price movements from anywhere.
  • One-Touch Orders: The app supports one-touch trading, allowing users to quickly place trades with minimal effort, an ideal feature for those who need to react swiftly to market conditions.
  • Portfolio Management: You can monitor open positions, check their account balance, and manage their holdings easily through the mobile interface.

User Ratings and Reviews

In terms of user feedback, the BYDFi app holds a 4.3-star rating on iTunes, indicating positive reception among iOS users. Reviews highlight the app’s usability and the availability of most essential trading features. However, on Google Play, the app has a more mixed reception, with a rating of 3.2 stars. Some Android users have mentioned language limitations, as the app primarily supports Chinese. This limitation has affected usability for international users, but it is hoped that an English version will soon be available.

BYDFi Review: Available Countries

BYDFi is a globally accessible cryptocurrency exchange that serves users from over 150 countries. It provides users with the ability to buy, sell, and trade a wide range of cryptocurrencies without the need for a VPN, making it highly accessible to users worldwide. However, there are a few exceptions where BYDFi does not operate due to legal and regulatory restrictions.

Supported Countries

BYDFi is available to users in numerous countries, including:

  • Vietnam
  • Singapore
  • Russia
  • Portugal
  • Indonesia
  • Japan
  • United States
  • Australia
  • Estonia

These countries represent a diverse range of regions, from Europe to Southeast Asia, North America, and beyond. BYDFi’s widespread availability makes it an appealing choice for global crypto traders.

Countries Not Supported

However, there are certain regions where BYDFi’s services are not available, including:

  • China
  • Pakistan
  • Bangladesh
  • Kazakhstan
  • United Kingdom
  • Iran

These restrictions are primarily due to local government regulations and compliance issues, which BYDFi adheres to in order to remain compliant with international laws.

Anti-Money Laundering (AML)

BYDFi adheres to a strict AML/KYC policy to ensure the platform complies with international standards and regulations. This policy includes screening users against lists of high-risk individuals and entities, such as those associated with North Korea, Iran, and organizations on the UN Al-Qaida and Taliban lists. These measures are in place to prevent illegal activities like money laundering and to enhance the platform’s security.

BYDFi is a global exchange with a focus on accessibility and privacy. While available to users in most countries, it does exclude certain regions like China, Pakistan, and Iran due to legal and regulatory reasons. The platform’s no-KYC feature allows for greater privacy, but users who want higher withdrawal limits or access to specific features will need to complete the KYC process. With its expansive availability and commitment to compliance, BYDFi offers a secure and user-friendly trading experience for crypto enthusiasts worldwide.

Security & Policy: Is BYDFi Safe? 

BYDFi review

When choosing a platform for cryptocurrency trading, security should be a top priority. BYDFi has implemented comprehensive and rigorous security measures to safeguard user assets and ensure safe trading. Here’s a detailed look at the platform’s security protocols and policies:

Advanced Security Protocols

BYDFi follows industry-leading security standards to protect users and their digital assets. The platform uses multiple layers of security, including:

  • Account Protection: BYDFi implements two-factor authentication (2FA) via Google Authenticator, adding an extra layer of protection against unauthorized account access. Additionally, users can enable Anti-Phishing Codes to avoid falling victim to phishing attempts via fraudulent websites or emails.
  • Wallet Security: Most of the platform’s funds are stored in offline cold storage wallets, which are not connected to the internet, significantly reducing the risk of online attacks. For withdrawals and deposits, the platform employs multi-signature technology to enhance security further.
  • Encryption: All sensitive user data, including passwords and transactions, is encrypted with SSL encryption to protect against interception. BYDFi uses 512-bit SHA512 encryption for password storage, ensuring that user credentials remain secure.

System Infrastructure and Risk Management

BYDFi has invested in robust infrastructure to ensure the reliability of its platform:

  • Engine Security: The platform uses the kdb+ language for its trade aggregation engine, which is commonly used by major financial institutions for high-frequency trading. The platform’s subsystems are optimized for minimal latency and rapid order execution, contributing to its security and efficiency.
  • Cloud Security: BYDFi’s system is hosted on Amazon Web Services (AWS), known for its stringent physical security and internal controls. In addition, the platform uses Cloudflare to prevent Distributed Denial of Service (DDoS) attacks, enhancing its defense against cyber threats.
  • Real-Time Risk Management: BYDFi employs real-time risk auditing tools that monitor market positions and exposure, which is essential for ensuring that traders are not exposed to undue risk. While the platform doesn’t maintain an insurance fund, these tools are continuously assessing and mitigating potential threats.

Regulatory Compliance

BYDFi operates under the regulations of multiple countries, providing added trust and legitimacy to its platform:

  • The platform holds licenses from four different regulators: the United States, Estonia, Singapore, and Australia. These licenses demonstrate BYDFi’s adherence to global financial regulations and ensure that the platform can operate legally as a money service business in these regions.
  • Compliance with these regulations means that BYDFi is subject to regular audits and checks, ensuring transparency and accountability in its operations.

User-side Security

While the platform offers top-tier security features, user responsibility remains a critical factor in maintaining a secure trading environment:

  • Two-Factor Authentication (2FA): Users are encouraged to bind their account with SMS verification or email confirmation for every login, ensuring that even if someone gains access to your password, they won’t be able to log in without the second form of verification.
  • Withdrawal Protection: BYDFi also provides a PIN feature to safeguard withdrawals. A unique PIN is required for processing withdrawal requests, adding another barrier against unauthorized transactions.

Phishing and Communication Security

To prevent phishing attempts, BYDFi employs a secure connection using SSL encryption, which is identifiable through the secure padlock icon in browsers. This encryption ensures that sensitive communications, including document exchanges and transaction confirmations, are securely transmitted.

By making these protocols standard practice, BYDFi has created a secure environment for its users to trade with confidence.

Is BYDFi Safe?

Yes, BYDFi is a secure platform for cryptocurrency trading. Its multi-layered security infrastructure, including cold storage wallets, two-factor authentication, and real-time risk management, ensures that user assets are well protected. Additionally, its global licenses and adherence to international regulations make it a trustworthy exchange for traders worldwide.

BYDFi’s commitment to continuous security audits and advanced encryption techniques ensures that you can trade with peace of mind, knowing that their personal and financial data are in safe hands.

[button url=”https://www.bydfi.com/en/register?ru=DcvPcu” target=”blank” style=”3d” background=”#49ef2d” color=”#FFFFFF” size=”10″ wide=”no” center=”yes” radius=”auto” icon=”icon: mail-forward” icon_color=”#FFFFFF” text_shadow=”none”]Visit BYDFi[/button]

BYDFi Review: Customer Support

BYDFi review

BYDFi offers a comprehensive 24/7 customer support system, designed to meet the diverse needs of its global user base. Here’s a closer look at BYDFi’s main support features and their standout benefits:

Automated and Live Chat Support

BYDFi provides an automated assistant to help users quickly find answers to common questions.

  • Automated Assistant: Users can access this support tool via the “Support” button on the website or mobile app, allowing them to search BYDFi’s knowledge base for quick answers.
  • Live Chat Support: For more complex issues, you can select “Get in touch” to connect directly with a live customer support agent. This support is available instantly, making it highly effective for urgent inquiries, and has been praised for its fast and helpful responses.

Help Center and Frequently Asked Questions (FAQ)

The BYDFi Help Center is a rich resource that enables users to self-navigate and resolve common questions independently.

  • Help Center: BYDFi provides detailed articles and documentation on issues like account setup, security, and trading features. This is a helpful resource for both beginners and experienced users, allowing them to troubleshoot many questions without needing direct support.
  • FAQ Section: Common questions are organized in a user-friendly FAQ, addressing frequent concerns that users may have and saving time on searching for answers.

Additional Support Channels

BYDFi also supports users via email and social media channels, adding flexibility in communication.

  • Email: For non-urgent inquiries, users can reach BYDFi by email, which is suitable for requests that do not require immediate responses.
  • Social Media: BYDFi maintains a presence on platforms such as Twitter, Telegram, and Facebook. You can reach out here if other support channels are temporarily unavailable or to stay updated on BYDFi’s latest announcements.

BYDFi has established a user-friendly and accessible support system, ensuring users can always find assistance when needed. The variety of support channels makes BYDFi stand out from other exchanges and provides users with peace of mind for a smooth trading experience on the platform.

BYDFi Review: The Pros and Cons

BYDFi is a versatile and well-regarded crypto trading platform, appealing to both beginners and experienced traders with its wide range of features and solid security. Below, let’s dive into BYDFi’s main advantages and disadvantages to give you a comprehensive view of what it offers and where it could improve.

BYDFi Review: Pros

Recognized by Industry Leaders: BYDFi made Forbes’ top ten list of best crypto exchanges and apps for 2023, underscoring its credibility and user appeal.

Extensive Cryptocurrency Offering:400+ Cryptocurrencies Available,BYDFi stands out with its wide array of assets, including exclusive tokens with high growth potential.

Reliable Customer Support: Available 24/7, BYDFi’s customer support is responsive and accessible, with live chat and email options for quick resolutions.

Convenient Deposit & Withdrawal Options: You can deposit and withdraw crypto and use fiat options via bank transfer, Apple Pay, Google Pay, and credit or debit cards.

User-Friendly for All Levels: The platform caters to various user needs, from novices to advanced traders, by offering diverse tools and educational resources.

High Leverage Options: BYDFi provides a significant leverage option, giving seasoned traders potential for amplified returns.

Strong Security Features: BYDFi has advanced security, with options like multi-signature cold storage, two-factor authentication (2FA), and withdrawal pins.

Easy Registration: The streamlined registration allows users to begin trading within minutes, with KYC required only for higher withdrawal limits.

Transparent Fee Structure: BYDFi’s fee page clearly outlines trading costs, helping users make informed decisions about trades and transactions.

Additional Perks:

  • Affiliate Program & Copy Trading: Users can boost earnings by referring others or utilizing copy trading features.
  • Demo Account: New you can practice with $100,000 in virtual funds to familiarize themselves with the platform risk-free.

BYDFi Review: Cons 

Limited Passive Income Options: BYDFi doesn’t offer staking or lending, limiting earning opportunities for users holding crypto long-term.

Fiat Withdrawal Limitations: Although users can deposit in fiat, they cannot withdraw directly in fiat, limiting flexibility in cashing out.

High-Risk Margin Trading: While attractive for experienced traders, high leverage may amplify losses, posing a risk to less experienced users.

Additional Fees on Fiat Gateways: Fiat on-ramp services like Mercuryo charge up to 5% per transaction, which can eat into profits.

Limited Customer Support Channels: Support is available via chat and email, which could delay responses to urgent inquiries.

BYDFi offers a robust set of features and a streamlined interface that appeals to both beginner and advanced traders. However, its lack of staking, limited fiat withdrawal, and additional margin fees might be challenging for some users. Nonetheless, with responsive support, a wide range of cryptocurrencies, and strong security, BYDFi holds its ground as a reputable and flexible option for crypto trading worldwide.

Is BYDFi the Best Choice in 2025?

BYDFi review

BYDFi stands out as a top contender for 2025 with its competitive features. Here’s why:

  • Low Fees & High Leverage: With just 0.1% spot trading fees and up to 200x leverage, BYDFi is a cost-effective choice for traders seeking high returns with low fees.
  • Expansive Asset Selection: Offering over 1,000 trading pairs, including crypto, Forex, and commodities like gold, BYDFi ensures diverse options for all traders.
  • Rapid User Growth: BYDFi’s user base grew by 200% from 2023 to 2024, thanks to its popular features like copy trading and affiliate commissions of up to 50%.
  • Robust Security: With cold storage and 2FA, BYDFi ensures your assets are safe, meeting industry-standard security measures.
  • Earning Potential: Beyond trading, you can earn through the BYD token and referral programs, with up to 50 USDT for new referrals.

With these numbers backing its growth and features, BYDFi review is shaping up as a top platform in 2025, especially for cost-conscious, security-focused traders.

[button url=”https://www.bydfi.com/en/register?ru=DcvPcu” target=”blank” style=”3d” background=”#49ef2d” color=”#FFFFFF” size=”10″ wide=”no” center=”yes” radius=”auto” icon=”icon: mail-forward” icon_color=”#FFFFFF” text_shadow=”none”]Visit BYDFi[/button]

BYDFi Review – Frequently Asked Questions

Can residents of the USA use BYDFi?

BYDFi’s availability in the United States is limited. While the platform is accessible globally, certain regulatory restrictions may prevent residents of some states from using the full range of services, especially derivatives trading. It’s recommended to check BYDFi’s website or consult with customer support to confirm whether your state is eligible for registration and trading.

Does BYDFi offer a VIP program?

Yes, BYDFi provides a VIP program for traders who meet specific criteria. VIP members enjoy benefits such as reduced trading fees, higher leverage options, and priority customer support. The program is designed to reward high-volume traders with more personalized services and better trading conditions.

Is BYDFi a legitimate platform?

BYDFi is a legitimate platform that operates with advanced security measures and regulatory compliance. It provides users with a reliable trading experience, offering spot and derivatives trading, as well as a variety of features for managing risk. However, as with any crypto platform, it’s important to conduct thorough research and consider personal risk tolerance before trading.

What types of assets can you trade on BYDFi?

BYDFi supports a wide range of cryptocurrencies, including major assets like Bitcoin, Ethereum, and many altcoins. Additionally, users can trade fiat-to-crypto pairs and engage in leveraged token trading, providing diverse opportunities for traders at different levels.

How does BYDFi ensure the security of user funds?

BYDFi employs industry-standard security measures to protect user funds, including two-factor authentication (2FA), encryption protocols, and cold storage for a large portion of assets. These steps are in place to enhance the safety and security of funds stored on the platform, minimizing the risk of hacks and unauthorized access.

Conclusion

The BYDFi Review highlights the platform as a robust option for both beginner and experienced traders. With a wide range of features including spot and derivatives trading, customizable interfaces, and various earning options like staking and copy trading, BYDFi offers versatility and efficiency. Its user-friendly layout, combined with advanced tools like leverage trading and a demo account for beginners, makes it an attractive choice for those looking to enter or diversify in the cryptocurrency space.

As seen in this review, BYDFi’s commitment to providing high-quality services is evident in its constant updates and diverse offerings. For those looking to stay ahead in crypto trading, CoinReviews provides detailed insights and comparisons to ensure informed decision-making for you. BYDFi stands out as a platform that merges simplicity with advanced trading options, making it a powerful tool for traders of all levels.

Related Posts:

Leave a Comment

I Made $40K from $SOSO Season 1 - Are You Ready for Season 2?Join Now