Choosing a reliable and safe crypto trading platform can prove confusing for traders, especially with bad players and untrustworthy firms all over the market. Moreover, there are thousands of cryptocurrencies in the market, of which most exchanges support less than a hundred. As such, finding one with your favorite trading pairs on the right platform could be a hard nut to crack but not impossible.
So, if you’re searching for a reliable crypto trading platform for advanced trading services to achieve your financial goals, BYDFi is your go-to exchange.
What is BYDFi?
BYDFi is a global cryptocurrency trading platform that offers an advanced range of crypto products and services. On the BYDFi platform, you can access services like crypto spots, derivatives, and copy trading. BYDFi has been in business since 2020, offering convenient, professional, new, and advanced trading services at competitive fees.
The crypto exchange opened in 2020 as BitYard but was rebranded to BYDFi in January 2023 in response to changes in the cryptocurrency market. It is a platform for everyone, including newbie traders, copiers, project teams, and more. It creates a community with an ideal environment for users to communicate and interact with one another while carrying out transactions.
BYDFi Is BUIDLing A Better Future For Crypto Trading
The crypto exchange upholds a core value that focuses on building the future of cryptocurrency to accommodate everyone’s dream finance. BYDFi plans to grow with the ever-evolving digital landscape while offering affordable NFTs trading, GameFi, and Metaverse services.
Why Should You Choose BYDFi?
BYDFi is among Forbes’ recommended top 10 best cryptocurrency exchanges in 2023. In its three years in the market, BYDFi can boast over 400 cryptocurrency trading pairs on its platform. It supports top cryptos like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), Shiba Inu (SHIB), and more. You can also access upcoming 100x Gems (low-cap coins) on BYDFi.
Unlike other spot crypto exchanges, BYDFi offers the most spot and derivatives trading pairs, with over 400 spot trading pairs at competitive fees. The table below compares BYDFI services and some top crypto exchanges.
BYDFi Services Compared To Some Top Spot Exchanges
| Exchange | BYDFi | Coinbase | Kraken | Crypto.com |
| Spot fees | 0.1% | 1% | 0.2% | 0.075% |
| Spot pairs | Above 400 | Above 200 | Above 200 | Above 200 |
| XRP spot | ✔ | ✔ | ✔ | ✔ |
| DOGE Spot | ✔ | ✔ | ✔ | ✔ |
| SHIB Spot | ✔ | ✔ | ✔ | ✔ |
| TRX Spot | ✔ | x | ✔ | x |
| TON Spot | ✔ | x | x | x |
| Derivatives | ✔ | x | ✔ | ✔ |
| Copy Trading | ✔ | x | x | x |
| Free Demo Trading | ✔ | x | ✔ | x |
| Deposit and Withdrawal without KYC | ✔ | x | x | ✔ |
| Trade Without KYC | ✔ | x | x | x |
| 24/7 Customer Support | ✔ | x | ✔ | ✔ |
BYDFi Services Compared To Other Derivatives Exchanges
| Exchange | BYDFi | Bitmex | Phemex | Kraken |
| Derivatives Fee | 0.06% | 0.075% | 0.06% | 0.06% |
| Derivatives Pairs | Over 150 | 30+ | 20+ | Above 90 |
| Lite Contract | ✔ | ✔ | ✔ | ✔ |
| Derivatives | ✔ | ✔ | ✔ | ✔ |
| Maximum Leverage | 150x | 100x | 100x | 50x |
| BTC Derivatives | ✔ | ✔ | ✔ | ✔ |
| XRP Derivatives | ✔ | ✔ | ✔ | ✔ |
| SHIB Derivatives | ✔ | x | ✔ | x |
| TRX Derivatives | ✔ | x | ✔ | ✔ |
| Copy Trading | ✔ | x | ✔ | x |
| Free Demo Trading | ✔ | ✔ | ✔ | ✔ |
| Deposit and Withdrawal without KYC | ✔ | x | ✔ | x |
| Trade without KYC | ✔ | x | ✔ | x |
| Customer Support 24/7 | ✔ | ✔ | ✔ | ✔ |
What You Stand To Gain Trading On BYDFi
- It enables a fast sign-up and easy-to-use platform for beginners.
- Get access to leveraged tokens with 3x long and short options and flexible trading strategies that allow you to multiply your earnings without liquidation risks.
- Access to Lite Contracts with leverage trading up to 125x.
- Access to USDT-M and USD Coin-M perpetual futures up to 150x leverage for perpetual contracts.
- Higher profit returns with greater flexibility and convenience.
- In one click, you can access copy master traders that trade for you even while you sleep. This service is perfect for beginners without much knowledge of technical analysis.
- BYDFi provides demo accounts for new users with 100,000 USDT to practice trading without risking real money.
- It offers User-friendly fiat deposit options for new traders through credit or debit cards and bank transfers.
- BYDFi fiat gateway supports over 100 currencies.
- Low and affordable trading and funding fees
- BYDFi partnered with top payment platforms, such as BANXA, Xanpool, Transak, Mercuryo, and Coinify, for broader global payment options.
- Enjoy privacy protection on your data with the Jumio KYC system.
- You can join their affiliate program and earn lifetime commissions and rebates on referrals. The affiliate program allows you to create up to 100 unique referral links. Check the official website for more information.
Bottom Line
BYDFi is a crypto exchange offering the most advanced trading services. It gives users access to highly leveraged tokens, including perpetual trading. With its easy-to-use platform, BYDFi is a good fit for beginners and traders looking for more adventure in crypto. Check the website for more details.
Source: https://bitcoinist.com/bydfi-review-turning-your-crypto-trading-dreams-to-a-reality/