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BYDFI ReviewExchange
 Withdrawal fee: 0.2-5 USDT Taker fee: 0.1%-0.3% Maker fee: 0.1%-0.3% |
BYDFI, previously known as Bityard before rebranding in 2020, is a Singapore-based cryptocurrency exchange that has a wealth of available features and a huge variety of assets to trade on its platform. It’s known for its easy access to top notch trading tools and low fees. The growing exchange has onboarded many customers over the last few years thanks to its excellent live chat customer support and the future and leverage option it offers. Its place on Forbes’s top ten crypto exchange list has cemented its reputation as a go-to outlet for placing advanced trades with max leverage.
Let’s dive into a review of BYDFI and how you can start trading with the crypto brokerage today.
Best Buy at BYDFI: Main Features
Broad Asset Availability
BYDFI supports 600+ cryptocurrencies, including BYDFI’s 100x ‘Gem of the Week’. All major cryptocurrencies are supported, including BTC, ETH, DOGE, SOL and many, many more.
Advanced Trading Options
BYDFI offers far more than just basic spot trading through the orderbook. BYDFI users can engage in P2P trading, trading using bots, perpetual futures, demo trading, and more. The exchange’s multisig cold wallet integration, isolated margin system and TradingView charts make it ideal for serious traders performing high volume transactions and making plays.
High Leverage
BYDFI lets degen’s dreams come true. It does stand for BUIDL your Dream Finance after all. BYDFI offers astonishing 200x leverage on particular pairs, allowing traders to engage in white knuckle trading on margin to really multiply their portfolio.
No KYC
BYDFI does not require traders to perform KYC in order to use their services. It only requires an email and mobile number, and not any official identification documents. This makes it ideal for those wishing to protect their privacy and their security. Note however there is a limit on large trades, deposits, and withdrawals without performing KYC, but smaller trades are easy.
Easy Accessibility
BYDFI has both mobile and desktop access, with a 5* mobile app that’s easy to use, intuitive, and available on iOS and Android. Users can also easily purchase crypto using credit cards and the exchange has a fully serviced fiat on-ramp platform to help users charge their account and withdraw their profits easily. BYDFI also supported Apple Pay, Google Pay and bank transfers. One major problem with BYDFI however is its lack of off-ramp in fiat – with only crypto withdrawals available.
Advanced CopyTrading
BYDFI recently launched their innovative perpetual contract copy trading feature in Jan ‘25, which lets average users copytrade advanced users on the platform with an entry amount as little as $10, as well as having the ability to isolate funds on their account to be posted as collateral. Power users can earn incentives for sharing their trades through the program and accessing BYDFI’s 1,000,000 strong userbase. Through the program, BYDFI hopes to support average retail users in their quest to trade like a pro.
Generous Rewards Schemes
BYDFI has one of the most generous reward schemes in the entire crypto ecosystem. Users can earn up to 8,000 USDT by following their rewards structure and tasks, which include things like signing up, inviting friends and depositing funds into the account. For new users who simply register, they will automatically receive 20 USDT immediately – which is a very nice way to kickstart your BYDFI account.
Great Customer Support
BYDFI has 24/7 customer support through Live Chat. Always available and ready to help, the customer service is staffed by real people who are prompt in responding to queries about your account.
Transparent Reserves
BYDFI retains a 100% reserve ratio for user funds. As it should be.
BYDFI Fees
BYDFI has an impressive fees structure which is lower than many of its more established rivals. There are no fees for deposits.
Spot Trading fees are 0.1%-0.3% for both makers and Takers. Opening and Closing Fees are 0.05% multiplier for derivatives (based on margin and leverage). Perps have 0.06% for Takers and 0.02% for Makers. All leveraged tokens are subject to a 0.02% transaction fee and 0.03% management fee.
Check out BYDFI’s dedicated fees page for all pertinent details. BYDFI is incredibly transparent about all its operation costs and their customer service is accessible and active in dealing with queries.
How to Create an Account
Interested in using BYDFI? It’s exceptionally easy to create an account. Go to the homepage and click the Get Started button.
- Enter an Email or Mobile – Your choice.
- Enter the six-digit verification code sent to you
- Set a password
- Click Get Started
And that’s it!
Deposit and Withdrawal
Once you’re in, go to the My Assets section and select the crypto you want to fund the account with.
- Click Deposit
- Select the correct network
- Copy address or Scan the QR code
When withdrawing, note that you will need to set up your Google Authenticator.
BYDFI – Building Dream Finance For Everyone
BYDFI’s reputation is well deserved. It’s a secure, fast, intuitive, easy to use crypto exchange which has a wealth of advanced features to satisfy any trader and plenty of rewards and incentives for new users to get involved. A great asset pool, extreme leverage, and top notch customer support and security making BYDFI a top choice for users looking to get into or upgrade their crypto trading experience.
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