BYDFi Review 2025
Highlights of BYDFi
BYDFi (formerly known as BitYard) is a young cryptocurrency exchange launched in 2019 in Singapore. The platform offers a wide range of assets and features. Currently, over 500,000 users from more than 150 countries are registered on BYDFi. The exchange supports over 300 cryptocurrencies for spot trading, as well as providing perpetual futures with leverage up to 200x and 3x leveraged tokens.
The platform is user-friendly for both beginners and experienced traders – featuring both simple and advanced trading interfaces, copy trading, a demo mode, and integrated trading bots for automating transactions. Moreover, BYDFi is accessible via its website and mobile applications, ensuring round‑the‑clock market access.
Pros and Cons of BYDFi
Pros
- Low trading fees.
- Wide selection of cryptocurrencies.
- High leverage for futures trading.
- User-friendly interface for beginners.
- Availability of copy trading and trading bots.
Cons
- Limited regulatory oversight.
- No fiat withdrawals.
- Lower volumes and liquidity compared to major exchanges.
BYDFi Reviews
4.4 out of 5
4.4 из 5
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BYDFi Exchange Overview
| Foundation Year | 2019 |
|---|---|
| Official Website | https://www.bydfi.com |
| Regulated in Countries | United States, CanadaMore Details |
| Trading Assets |
|
| Fees (Maker/Taker) | |
| Spot | 0.1% / 0.1% |
| Futures | 0.02% / 0.06% |
| Max Leverage | |
| Spot | 3x |
| Futures | 200x |
| Email Support |
|
| Social Media |
Twitter
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Facebook
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LinkedIn
YouTube
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Medium
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Reddit
TelegramBYDFi (formerly BitYard) was founded in Singapore in late 2019 by a team of fintech enthusiasts led by co‑founder and CEO Michael Hung. Initially focused as a derivatives platform catering to the Asian market, it eventually evolved into an international crypto exchange for retail traders and rebranded in 2023 under the slogan "BUIDL Your Dream Finance". The company’s headquarters and core teams are based in Singapore, while it is officially registered in the Seychelles. To comply with regulatory requirements, it holds MSB licenses in the USA and Canada and is a registered financial service provider in Australia, Estonia, and Singapore.
The platform has attracted attention and recognition in the industry: in 2023, Forbes magazine included it in the top ten promising crypto exchanges. Over the years, the exchange has not experienced any successful hacks, reinforcing its reputation as a secure and customer‑oriented platform.
BYDFi Broker Overview
- Possession of MSB licenses (USA, Canada)
- Funds stored in cold wallets
- Absence of hacking incidents
- Lack of a full EU license
In our review of the BYDFi crypto exchange, we employ a transparent and objective evaluation methodology, taking into account the platform’s key characteristics: security level, fees and charges, range of trading instruments, quality of customer support, and ease of use.
Continue reading to find out whether BYDFi suits your cryptocurrency trading needs.
Reliability and Regulation
BYDFi demonstrates high standards for protecting users’ assets: the exchange actively uses multi‑signature cold wallets, regularly conducts reserve audits, and implements advanced security measures at the account level. Additionally, its MSB licenses in the USA and Canada, as well as participation in international regulatory initiatives (CODE VASP), are positive indicators of a serious approach to compliance.
However, restrictions on access in certain countries and the lack of comprehensive regulation in the EU can be considered drawbacks. This slightly reduces the overall rating, though it does not undermine the platform’s reliability in the eyes of most international users.
Regulation
| Legal Entity | Regulator |
|---|---|
 BYDFi Fintech LTD BYDFi Fintech LTD | - |
BYDFi Blockchain Limited BYDFi Blockchain Limited | FinCEN FinCEN |
BYDFi Blockchain Limited BYDFi Blockchain Limited | FINTRAC FINTRAC |
BYDFi strives to operate within the law and has registrations in multiple countries. The official operator of the exchange is BYDFi Fintech LTD, registered in the offshore jurisdiction of the Seychelles. To serve the international market, BYDFi has obtained MSB (Money Service Business) licenses in the USA (registered with FinCEN) and in Canada (registered with FINTRAC). These licenses legally enable the exchange to provide currency exchange and money transfer services, including cryptocurrency transactions.
Furthermore, in November 2024, BYDFi officially joined the South Korean alliance CODE VASP, confirming its efforts to comply with international regulatory standards. As part of this partnership, the exchange implemented measures to adhere to South Korea’s Travel Rule requirements, further enhancing its reputation as a responsible and transparent player in the cryptocurrency market. Such initiatives positively impact user trust in the platform.
Asset Security
In terms of protecting client funds, BYDFi demonstrates a high standard of security. The majority of user assets are stored in cold wallets (offline storage) that require multi‑signature access by multiple authorized personnel. This minimizes the risk of hot wallet breaches and hacker theft. The exchange employs reliable infrastructure solutions and undergoes regular security audits. For instance, an independent cybersecurity firm, Hacken, conducted an audit of BYDFi’s reserves in October 2024, attesting to the platform’s transparency in proving reserve holdings (Proof of Reserves).
At the account level, multi‑layered security measures have been implemented. Upon registration, BYDFi mandates enabling two‑factor authentication (2FA) – it supports Google Authenticator, as well as email and SMS verification. Users can set a special withdrawal password, which is required for each withdrawal transaction. There is also a withdrawal address whitelist feature to ensure that funds are only transferred to pre‑approved wallets. To combat phishing, BYDFi offers the option to configure an anti‑phishing code – a unique phrase that appears in all email communications from the exchange to verify their authenticity.
Throughout its operation, BYDFi has not reported any security incidents or breaches. This inspires confidence, especially considering the growing trading volumes. The exchange actively monitors activity for suspicious behavior; in the event of account compromise or unauthorized access attempts, it may freeze funds and request additional user verification. Although such precautionary measures can occasionally cause inconvenience, they ultimately protect clients’ capital. In addition to technical measures, BYDFi insures a portion of funds and maintains a reserve fund to cover potential losses arising from unforeseen events.
The security standards at BYDFi are considered high for a centralized exchange. While users are advised to maintain their own cybersecurity practices – such as enabling all available account protections, keeping API keys confidential, and periodically transferring large sums to personal cold wallets – the platform itself employs a robust set of measures that compare favorably with industry leaders.
Account Opening
The registration process on BYDFi is simple, convenient, and fast: all that’s needed is an email or phone number and a few minutes of your time. Basic features are available even without mandatory KYC, ensuring a smooth start in trading, while the straightforward setup of two‑factor authentication further bolsters account security.
Registration
The registration process on BYDFi is simple and quick, taking just a couple of minutes. A new user needs to visit the official website (or app) and click the 'Get Started' button to create an account. There are two registration options:
- Via email: The user enters their email, chooses a password, and, if applicable, provides a referral code. Then, by clicking the 'Send' button, a confirmation code is dispatched to the email; entering the code completes the registration.
- Via phone: The user selects their country, enters their phone number, chooses a password, and, if desired, enters a referral code. Next, an SMS code must be requested and the registration confirmed by entering the received code.
BYDFi permits the creation of only one account per email or phone number. The registration process is intuitive, requires minimal information, and allows you to start trading quickly. Registration is completely free, and basic platform features remain accessible even without completing KYC.
Verification
Although an email or phone number is sufficient to open an account on BYDFi, the exchange provides a KYC (Know Your Customer) procedure to lift restrictions and enhance account trust. Identity verification is not required immediately – you can trade without it. However, to increase withdrawal limits and access certain promotions, KYC must be completed. The process is standard: within your account dashboard, navigate to the verification section and upload documents – a passport or ID card, and a selfie with the document. BYDFi verifies the authenticity of the documents and ensures the individual in the photo matches the ID.
Without verification, the daily withdrawal limit is 0.5 BTC. Once KYC is successfully completed, the limit increases to 6 BTC per day, which is more than sufficient for most retail users.
It is worth mentioning that BYDFi adheres to AML (Anti‑Money Laundering) rules: large deposits and withdrawals may require proof of the funds’ origin. Verification helps the exchange ascertain that you are not violating sanctions or laws. For most genuine traders, completing KYC poses no issue – the exchange guarantees the confidentiality of submitted data and uses it solely for compliance purposes. However, if you, for any reason, cannot or prefer not to disclose your identity, it is advisable to limit your trading to smaller amounts within the anonymous account limits.
Two‑Factor Authentication
Immediately after creating an account, it is highly recommended to set up two‑factor authentication (2FA). BYDFi supports 2FA through Google Authenticator (for generating one‑time codes) or via SMS. To activate Google Auth, simply scan the QR code provided in your profile with the Authenticator app and enter the generated code – after which, every login and withdrawal will require a 6‑digit token. Two‑factor authentication significantly boosts security: even if an attacker obtains your password, they cannot access your account without your phone.
Account Types
BYDFi covers virtually all major forms of cryptocurrency trading (spot, margin, futures), as well as offering additional tools to streamline trading (copy trading, bots). Only a few advanced products (such as staking, NFTs, and loans) are missing, which is explained by the exchange’s focus on trading activities.
Spot Trading
A traditional spot account allows you to buy and sell cryptocurrencies for assets such as USDT, USDC, BTC, and others. BYDFi’s spot market supports over 300 cryptocurrencies and more than 500 trading pairs, including pairs with major stablecoins USDT and USDC. All transactions are executed on the basis of asset-for-asset exchange with instantaneous settlement. The spot account is the foundation of the platform and is used for storing your funds and handling deposits/withdrawals.
Futures
For advanced traders, full‑featured perpetual futures trading is available. BYDFi supports two types: USDT‑M (settled in USDT) and COIN‑M (settled in the underlying cryptocurrency). Leverage is available up to 200x, which is among the highest in the market. Dozens of futures contracts are offered – covering BTC, ETH, XRP, ADA, DOGE, and other major coins, as well as popular altcoins. The exchange provides all standard tools: limit and market orders, Stop‑Loss/Take‑Profit, and the option to switch between isolated and cross margin. Additional order types such as trigger (Stop‑Limit) and Trailing Stop are also implemented to facilitate effective risk management. The futures account is separate from the spot account – upon switching to the futures platform, you will be prompted to open a futures account. Futures trading fees are low (0.02% for maker and 0.06% for taker), but note that every 8 hours a funding fee is levied between long and short positions, based on market imbalance. BYDFi futures are well‑suited for traders seeking high leverage and hedging opportunities – however, beginners should consider using the demo account or trading with smaller amounts initially due to the risk of liquidation.
Leveraged Tokens
BYDFi offers users the ability to trade leveraged tokens (LVT), which enable you to amplify potential profits or losses from movements in the underlying asset’s price without having to manage margin or liquidation risk. These tokens track the price of the underlying asset with a set multiplier (for example, 3x) and are available in two variants:
- 3X Long (3L): designed to profit when the underlying asset’s price rises.
- 3X Short (3S): designed to profit when the underlying asset’s price falls.
For example, if BTC’s price increases by 1%, the BTC3L token will increase by 3%, while the BTC3S token will decrease by 3%. Conversely, if BTC’s price decreases by 1%, BTC3L will drop by 3% and BTC3S will rise by 3%.
Trading leveraged tokens is carried out on BYDFi’s spot market, simplifying the process for users since it eliminates the need for margin management or exposure to liquidation risk. However, these products are highly volatile and are more suited for short‑term, directional trades.
Demo Trading
BYDFi offers a demo trading mode with a virtual balance, allowing traders to test their strategies and familiarize themselves with the platform’s interface without risking real funds. When demo mode is activated, users receive virtual funds amounting to 50,000 USDT, which can be used for trading perpetual futures.
The demo account fully replicates the functionality of the main platform: traders can open positions, monitor prices, and learn about leveraged trading mechanics in real time. This is particularly beneficial for beginners looking to get acquainted with the platform, as well as for experienced traders testing new strategies.
P2P Trading
BYDFi has implemented a P2P platform for direct cryptocurrency exchanges between users. Primarily, you can buy or sell the stablecoin USDT for fiat currency by transacting directly with other traders. The exchange acts as an escrow, locking the seller’s USDT until the buyer confirms payment.
Various payment methods are available on the P2P platform: bank transfers, e‑wallets, payment systems, and even cash for face‑to‑face transactions (depending on the region and deal conditions). BYDFi does not charge any commission for P2P transactions – sellers earn from the spread (the difference in rates).
However, at the time of this review, there were no active P2P offers on the platform, so users should be aware of the limited liquidity.
Copy Trading
One of the standout features of BYDFi is its built‑in copy trading system. In a dedicated section, profiles of successful traders are displayed along with their profit statistics, risk levels, assets under management, and number of followers. Any BYDFi user can select a 'master' from this ranking and automatically copy all of their trades on their own account proportionally to a preset amount. Copy trading enables beginners to gain experience and potentially profit by following professionals, while the master traders earn a commission share from the successful followers. BYDFi ensures synchronized execution, with positions opening and closing simultaneously with the trader being copied.
Naturally, profits are not guaranteed: if the master incurs a loss, the followers share in it as well. Therefore, it is important to carefully select traders based on their past performance and implement stop‑loss measures (for instance, ceasing copy trading if the drawdown exceeds a set percentage).
Trading Bots
To facilitate automated trading, BYDFi has integrated in‑built bots. In the “Trading Bots” section, you will find three types of algorithms:
- Spot Grid Bot: buys on dips and sells on rallies within a predetermined price corridor.
- Spot Investment Bot: accumulates cryptocurrency in equal portions at regular intervals – essentially a DCA strategy.
- Spot Martingale Bot: averages down by buying more as the price drops, thereby lowering the average entry price.
Users can configure the bot parameters – such as choosing the trading pair, setting the price range (for grid bots), determining the investment amount, and more. The bot will then automatically place orders according to the set strategy, saving you time.
Using the bots is free – the exchange does not charge any extra fees aside from the standard trading commissions. For beginners, bots are an excellent way to adopt algorithmic trading without having programming skills or relying on external services.
API Access
Like any modern exchange, BYDFi offers an API for accessing trading functionalities and market data. Registered users can generate API keys (with varying permissions – read-only, trading, withdrawals) to connect external programs and bots. The API enables integration with popular trading terminals and bot platforms (such as 3Commas, TradingView alerts, CryptoRobotics, etc.). You can also implement your own automated trading strategies using the API.
API documentation is available on the exchange’s website; typically, the protocols used are REST and WebSocket for real‑time quotes. For enhanced security, it is recommended to restrict API key usage to specified IP addresses. With API access, advanced traders are not limited by BYDFi’s native interfaces and can trade automatically or analyze market data in real‑time.
Commissions
BYDFi’s fee structure is extremely trader‑friendly. With no fees on deposits, low trading fees, and transparent network cost‑based withdrawal charges – trading remains cost‑effective. This is especially advantageous for high‑volume traders, knowing that the fee remains fixed and won’t escalate. The only additional cost to consider is when buying or selling fiat through partners – these fees are determined by third‑party services.
Spot Trading Fees
Trades on BYDFi’s spot market incur a fixed fee of 0.1% for both makers and takers. This means that you pay 0.1% of the transaction volume for every trade.
It is important to note that BYDFi does not have its own token for fee discounts, and the fee is identical for all users (there are no VIP tiers based on trading volume). However, this low base fee is competitive with leading exchanges.
Futures Trading Fees
On futures, BYDFi employs a maker/taker model with a fee of 0.02% for maker orders and 0.06% for taker orders. These rates are even lower than those on the spot market, encouraging traders to switch to derivative products.
Additionally, every 8 hours, a funding fee is charged between long and short position holders – the fee fluctuates based on the difference between the futures and spot prices. If the rate is positive, longs pay shorts; if it is negative, shorts pay longs. BYDFi merely acts as an intermediary in redistributing the funding fee, which is not retained by the exchange but functions to align futures prices with spot prices.
Leveraged Tokens Fee
When trading 3× leveraged tokens, the transaction fee is 0.2%. Additionally, there is a daily management fee of 0.03% on the position’s value in these tokens (this fee essentially covers the token’s rebalancing cost). These charges are automatically reflected in the token’s price.
Deposit Fees
Depositing cryptocurrencies is free of charge. BYDFi does not charge a fee on incoming transfers regardless of the amount. You only need to cover the blockchain network fee when sending funds from your external wallet (this fee is collected by miners, not the exchange). If you purchase cryptocurrency via partners (for example, using a card through Banxa), then the fee is charged by the third‑party service – typically around 2‑5% of the transaction amount, with the exact rate displayed prior to payment. BYDFi does not charge fees for fiat deposits through such partners, but it does warn that banks or payment gateways may impose their own fees.
Withdrawal Fees
Withdrawals of cryptocurrencies from BYDFi incur a fixed fee that varies based on the coin and the network used. This fee is intended to cover blockchain transaction costs. For example, withdrawing BTC on the Bitcoin network costs approximately 0.0005 BTC (roughly $15‑20, depending on network congestion), and withdrawing USDT costs:
By selecting the appropriate withdrawal network, you can save significantly: BYDFi supports withdrawals across several blockchains for popular stablecoins and tokens, allowing you to choose the one that offers the optimal balance of speed and cost.
Important: the withdrawal fee may fluctuate based on network conditions (particularly on Ethereum) – BYDFi reserves the right to adjust the fee without prior notice.
Deposit and Withdrawal
Deposits and withdrawals on BYDFi are executed in a standard manner for a cryptocurrency exchange. There is no direct fiat handling, but alternative methods exist. Fees are reasonable and the processing time is fast – the key is to carefully follow all instructions to avoid losing funds due to errors with addresses or networks.
Depositing Cryptocurrencies
Deposits on BYDFi are possible only in cryptocurrency (the platform does not support direct fiat deposits). The deposit process is straightforward:
BYDFi does not charge a deposit fee, so the exact amount you send (minus the network fee paid by the sender) will be credited. The deposit time depends on the blockchain – from a few minutes (for TRC20, BEP20) to up to an hour (for BTC during network congestion). You can track the deposit status within your account history.
Fiat Funding
If you lack cryptocurrency to deposit, BYDFi offers an alternative – buy crypto with fiat. In the "Buy Crypto" section, the exchange has integrated fiat gateways such as Banxa, Transak, Mercuryo, Coinify, and Alchemy Pay. You choose the cryptocurrency (BTC, ETH, USDT, etc.) and the amount, after which you are redirected to the partner’s website. There, you can pay with a bank card, Apple/Google Pay, or bank transfer, depending on the service and your country. The purchased cryptocurrency is then credited directly to your BYDFi wallet.
The fee for such a purchase is usually around 3‑5%, with the rate and final amount clearly displayed before confirmation. Although it is less advantageous than depositing pre‑owned crypto, buying crypto via partners is a convenient method for beginners if they only have a bank card available.
Keep in mind that partners may require you to complete KYC (uploading documents) on their end to process the payment, particularly for large amounts.
Withdrawing Cryptocurrencies
Withdrawals from BYDFi are made exclusively in cryptocurrency (direct fiat withdrawals are not available). The process is as follows:
Non‑KYC users can withdraw up to the equivalent of 0.5 BTC daily, whereas verified users can withdraw up to 6 BTC per day (this limit can be increased upon request for VIP clients).
Tips for Withdrawing Cryptocurrencies
Withdrawing Fiat
Since there is no direct fiat withdrawal, converting crypto back to cash is possible via two methods:
BYDFi is focused on cryptocurrency operations, so consider it as a crypto wallet and trading platform. For converting funds into real money, you will need third‑party solutions.
Markets and Products
BYDFi offers a wide range of markets and trading products, including over 360 cryptocurrencies, high‑leverage futures, fixed‑leverage tokens, and attractive bonus programs. The product lineup is optimal for most traders, although the exchange falls short of market leaders in the total number of supported assets and does not offer some popular products like staking and NFTs.
Main Markets and Services on BYDFi
BYDFi provides access to a diverse array of cryptocurrency markets and related products.
| Market/Product Type | Description | Features |
|---|---|---|
| Spot Market | Traditional crypto‑for‑crypto trading | 300+ assets, simple and advanced interfaces, instant trades |
| Derivatives (Futures) | Perpetual contracts (USDT‑M and COIN‑M) | Leverage up to 200x, low fees, wide range of contracts |
| Leveraged Tokens | Fixed‑leverage tokens on popular coins | Simplicity, no liquidation risk, daily rebalancing |
| P2P Market | Direct buying/selling of cryptocurrency for fiat between users | Escrow security, flexible payment methods, limited liquidity at time of review |
| Affiliate and Bonus Programs | Bonuses for user referrals and activity | Welcome bonuses, referral program |
Supported Cryptocurrencies
BYDFi covers around 360 crypto assets, which is comparable to major exchanges such as Binance (with around 400+ coins) and significantly exceeds more specialized platforms like Kraken (200+) or Coinbase (150+). This makes BYDFi a competitive platform for trading both popular coins and lesser‑known altcoins. However, it is still behind exchanges like Gate.io and KuCoin, which offer over 800 cryptocurrencies. Overall, the asset selection on BYDFi is optimal for most traders.
Trading Platforms
BYDFi’s trading platforms are user‑friendly, fast, and provide a full suite of trading tools: featuring a functional web terminal, stable mobile applications, and a convenient desktop app for both Windows and Mac. An open API is also available for automated trading and external platform integration.
Web Platform
The primary way to use BYDFi is through its website (browser‑based interface). The web platform is intuitive, featuring TradingView charts with technical indicators, an order book, a trade tape, market depth, a trading terminal with limit and market orders, and an order management panel.
The web platform performs well – pages load quickly, and real‑time quotes are delivered via WebSocket. Its modern design features a dark theme with yellow‑orange accents consistent with BYDFi’s branding.
Mobile Applications
For on‑the‑go trading, BYDFi offers applications for both Android and iOS. The app can be downloaded from the official website or from app marketplaces (Google Play, Apple AppStore). According to user reviews, the BYDFi mobile app is fast and stable.
Its functionality nearly matches that of the web version: you can register or log in, deposit funds (using a QR code or an address), trade on spot and futures markets, utilize copy trading, and even launch bots. The interface is optimized for smaller screens – with dedicated tabs for market data, charts (with simplified indicators), and order forms. There’s also a handy portfolio widget that displays your overall balance along with your open positions’ profit and loss.
The app sends push notifications regarding order executions, price alerts, and system messages. For instance, you can set an alert to notify you if the price of BTC surpasses a set level – ensuring you can react swiftly even when you’re away from the app.
In terms of security, the mobile app supports biometric login (fingerprint/Face ID), which is both convenient and secure.
Desktop Application
BYDFi provides an official desktop application for Windows and Mac, which is ideal for traders who prefer a standalone solution over a browser‑based interface. The desktop terminal offers full functionality identical to the web version: all trading tools, charts, and account management functions are available. The app operates quickly and reliably, enabling comfortable trading without browser distractions. Installation is straightforward and requires no special technical knowledge. The availability of a desktop application is a plus, broadening the trading options available to users.
API and External Platforms
Advanced traders can integrate BYDFi with their preferred trading platforms via the API. After generating API keys within your dashboard, you can set up trading through applications such as TradingView (alerts → webhook → API) or use existing platforms (for example, the CryptoRobotics terminal supports BYDFi futures automation). You can also trade via Python scripts, GitHub bots, etc., using the open API.
Analytics
BYDFi’s analytical capabilities are considered sufficient for the average trader. The platform provides all the essential tools for technical analysis (robust charts), basic coin details, and asset tracking. For more in‑depth analysis, users can supplement with external tools – since BYDFi is not a closed ecosystem, data can be easily exported. This set is more than enough for beginner investors, and professionals can integrate their own solutions via the API if needed.
Charts and Technical Analysis
Interactive TradingView charts are integrated on trading pages for both spot and derivatives. This provides traders with a comprehensive suite of analytical tools, including dozens of indicators (moving averages, RSI, MACD, Bollinger Bands, etc.), drawing tools (trend lines, Fibonacci retracements, chart patterns), and multiple timeframes ranging from 1 minute to 1 week.
TradingView is renowned for its extensive functionality, and BYDFi fully leverages this by allowing you to overlay volume, view the order book on the chart, switch between candlestick, line or bar charts, and even open a full‑screen mode for enhanced analysis. These tools help conduct technical analysis directly on the platform without resorting to external resources.
Coin Detail Page
For every cryptocurrency traded on BYDFi, a pop‑up with detailed coin information is available. This typically includes a brief description of the project, the official website, a link to the whitepaper, the token contract for blockchain verification, as well as key metrics such as current price, market capitalization, 24‑hour volume, circulating supply, and more. Data is commonly sourced from CoinMarketCap or CoinGecko. Additionally, it displays price trends over 24 hours, 7 days, etc. This assists in quickly assessing the scale and trend of the asset directly on the platform.
Insights
BYDFi maintains its own blog/news feed where educational and news articles are published. These include reviews of major market events, analysis of promising projects (among those traded on the platform), and guides on using BYDFi’s features. Such articles help users stay informed on market trends and better understand various trading aspects. Occasionally, BYDFi also publishes weekly market reports featuring statistics, key cryptocurrency news, and analysis of the main coin prices. Although these reports may not match the depth provided by larger exchanges or specialized agencies, they are sufficient for the average user.
Education
BYDFi provides an ample amount of educational materials for both beginners and advanced users. While it may not be a formal academy with certified courses, it effectively fulfills an educational role. Beginners are encouraged to start with the FAQ and blog sections – these cover around 90% of common queries. Additionally, the demo account provided by BYDFi offers hands‑on learning with no financial risk.
Help Center and FAQ
The official BYDFi website features an extensive help section with answers to frequently asked questions. This section includes articles on how to get started with the exchange, instructions on deposits, trading, security, and more. Many of these topics have been discussed in this review – such as "How to register", "How to enable 2FA", "How to trade futures", etc. These step‑by‑step guides, with interface screenshots, are very helpful for beginners. Additionally, BYDFi has launched a Q&A Hub that serves as an expert forum answering a wide range of crypto-related questions (not only about the exchange but also general topics) like "What are NFT marketplaces?" or "How to spot a phishing email?" – with detailed responses from the BYDFi team. This hub enhances overall user knowledge and showcases the team’s expertise.
Tutorials and Guides
The BYDFi blog periodically publishes guides for beginners that cover topics such as what Bitcoin and Ethereum are, how blockchain technology works, the basics of technical analysis, and instructions on using various features of the exchange. Articles on secure crypto storage and risk management have also been released. While their primary goal is to subtly promote BYDFi’s features, the content is informative and helps users grasp the fundamentals.
Video Tutorials and Webinars
BYDFi runs its own YouTube channel, where video instructions are published. These include tutorials on registration and KYC, how to trade via the mobile app, overviews of new features, recordings of AMA sessions, and more. Occasionally, webinars are held on Zoom or live streams via Telegram, where representatives discuss market analysis or teach trading strategies. For instance, during AMA sessions, you can ask questions and receive detailed answers. Additionally, BYDFi collaborates with popular crypto influencers – which results in third‑party reviews and guides on YouTube, further contributing to the educational value.
Customer Support
BYDFi’s customer support is highly commendable. Although there is no telephone support, all other channels operate efficiently. Key advantages include 24/7 availability and prompt response times. The support team is well‑versed in handling both basic queries and technical issues.
Support Channels
Response Time
Based on user experiences, BYDFi’s support responds quite promptly. In chat, responses are often delivered within a few minutes (provided live agents are available). Email replies typically arrive within a few hours. The support service is available 24/7, meaning round‑the‑clock assistance. Although there might be delays during peak times or when inquiry volumes are high, there have been no significant complaints regarding sluggish responses. Numerous reviews praise the support team for being attentive and resolving issues quickly.
Support Competence
BYDFi’s support team is adept at handling a wide range of issues – from straightforward queries like "how to deposit funds" to more technical problems such as deposits not being credited or transaction verifications. In more complicated cases (for example, system errors or disputed withdrawal issues), the support team escalates the inquiry to specialized departments such as security or finance. There have been occasions when resolution took several days (especially regarding KYC/AML matters), and users had to wait. In these situations, support typically keeps users informed and apologizes for any delay. In most cases, however, routine issues are resolved swiftly – whether it’s re‑tracking a transaction for a wrong network, assisting with login issues, or resetting 2FA after identity verification.
Conclusion
In 2025, BYDFi emerges as a rapidly evolving crypto exchange that combines ease of use for beginners with advanced trading tools for experienced traders. Over the years, the platform has evolved from an obscure derivatives exchange to an international hub attracting hundreds of thousands of users. BYDFi's main strength lies in its balance of capability and simplicity. The exchange offers all key types of trading (spot, high-leverage futures, margin contracts) while streamlining the experience: intuitive interface, copy trading, demo accounts, and automated bots. This approach makes BYDFi appealing to a wide audience—from those taking their first steps in crypto to seasoned market players.
FAQ
What is BYDFi?
BYDFi is a cryptocurrency exchange offering spot trading, futures, leveraged tokens, P2P trading, and trading bots for traders worldwide.
Is BYDFi safe?
Yes. BYDFi uses cold wallets, two‑factor authentication, and conducts regular security audits. The exchange has not experienced any hacks during its operation.
How does BYDFi work?
The exchange allows you to buy and sell cryptocurrencies, utilize margin trading, trade futures with up to 200x leverage, and automate trades using built‑in bots.
How do you use BYDFi?
Create an account, fund it with cryptocurrency or purchase crypto with fiat through partners. After that, you can execute trades on the spot or futures markets.
How do I open an account on BYDFi?
Visit the BYDFi website, click the 'Get Started' button, enter your email or phone number, choose a password, and complete the registration by entering the confirmation code sent via email or SMS.
How do I deposit funds on BYDFi?
Navigate to the "Assets" section, select "Deposit", choose the cryptocurrency and network, and send your funds from your external wallet.
How do I trade on BYDFi?
Go to the "Spot" or "Futures" section, select a trading pair, choose the order type (limit or market), specify the amount, and click 'Buy' or 'Sell'.
How do I sell cryptocurrency on BYDFi?
Select the appropriate trading pair in the "Spot" section, then create a sell order by specifying the amount and selecting the order type (market or limit).
How do I withdraw funds from BYDFi?
In the "Assets" section, select "Withdrawal", choose the cryptocurrency, network, and the external wallet address, then confirm the withdrawal using your 2FA and the email/SMS code.
How do I delete my BYDFi account?
To delete your account, contact customer support via chat or email (cs@bydfi.com); your request will then be reviewed.
