In-Depth BYDFi Review: Pros, Cons, Pricing & More (2025)

By
Ravi Ojha
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In-Depth BYDFi Review: Pros, Cons, Pricing & More(2025)

If you are looking for a crypto exchange that balances simplicity with advanced features? BYDFi might be worth your attention. BYDFi was launched with a focus on accessibility and security. The crypto trading platform is becoming popular among both new and experienced traders. 

Here, in this article, we will learn about what makes BYDFi stand out.

Table of Contents

What is BYDFi?

Launched in 2020, BYDFi has grown into a Forbes-recommended exchange, recognized for its security, innovation, and user-centric approach. BYDFi, short for “BUIDL Your Dream Finance.”  BYDFi holds dual MSB licenses in the US and Canada and is a member of South Korea’s CODE VASP Alliance.

The exchange complies with financial industry regulations and holds licenses in Australia, Singapore, Canada, and the United States. BYDFi has become a global crypto trading platform that offers trading services in more than 150 countries.

BYDFi at a Glance

  • Launched: 2020
  • Users: 500,000+ (as of 2025, growing 30% year-over-year).
  • Trading Volume: $500M daily (per CoinGecko), focusing on popular pairs like BTC/USDT and ETH/USDT.
  • Regulation: Registered in Seychelles, with strict KYC checks for fiat transactions.

How BYDFi Works: A Step-by-Step Flow

1. Sign Up & Security

Creating an account takes minutes. Enable 2FA during setup for extra protection. BYDFi stores 95% of user funds offline in cold wallets and uses an insurance fund (valued at $50M) to cover unexpected losses from system issues.

2. Deposit Funds

  • Fiat: Buy crypto via credit/debit card (3% fee) or bank transfer (1% fee).
  • Crypto: Free deposits, but withdrawals cost a small network fee (e.g., 0.0005 BTC for Bitcoin).

3. Start Trading

  • Spot Trading: 0.1% fee per trade. Example: Buy 100 of SOL, pay 0.10 in fees.
  • Futures Trading: Up to 150x leverage. Fees: 0.04% for makers, 0.06% for takers.

Margin Modes:

      • Isolated Margin: Allocate 500 to a BTC trade—only that 500 is at risk.
      • Cross Margin: Use your entire balance as collateral (higher risk/reward).

4. Advanced Tools

  • Stop-Loss/Take-Profit: Set a sell order for ETH at $3,000 to lock in profits.
  • Trailing Stop: Automatically adjusts to market swings (e.g., following BTC’s price within a 5% range).
  • Live Charts: Track trends with indicators like RSI or MACD.

5. Earn Passive Income

Stake USDT for 8% annual returns or lock ETH for 5%. Rewards update daily.

Key Features

BYDFi’s Unique Advantage: Leading the Industry with Copy Trading

  1. Trade with as little as $10. BYDFi has lowered the trading threshold to $10, making it easier for new traders and smaller investors to participate in the crypto market.
  2. Flexible Margin Options: Crypto traders can choose Between isolated or cross margin. The isolated margin mode enables users to manage the funds of each position independently, minimizing risk, while the cross-margin mode automatically allocates funds, enhancing asset efficiency and making it ideal for multi-strategy portfolios and complex trading. 
  3. Multi-Asset Contract Trading Support: BYDFi supports a variety of cryptocurrencies, including mainstream assets like BTC, ETH, XRP, and popular Memecoins such as SOL, and DOGE. The platform also offers various leverage options, accommodating both new traders and seasoned professionals seeking diverse trading opportunities.
  4. Transparent Fee Structure: BYDFi has a fair and transparent fee structure. Users can view transaction records, fees, and profits in real-time, ensuring no hidden charges and a clear understanding of costs.
  5. Comprehensive Trading Tools: BYDFi offers market insights and advanced trading tools, including candlestick charts, real-time order functions, and multi-indicator support, helping traders optimize their strategies.
  6. BYDFi offers Flexible Deposit Methods and Global Multi-Language Support that help traders worldwide tap into the crypto world.

650+ cryptocurrencies available

<img class="aligncenter size-full wp-image-17675" src="https://telegaon.com/wp-content/uploads/2025/03/BYDFi-crypto-exchange.webp" alt="In-Depth BYDFi Review: Pros, Cons, Pricing & More(2025)" width="1200" height="650" /> <span style="font-weight: 400;">If you are looking for a crypto exchange that balances simplicity with advanced features? BYDFi might be worth your attention. BYDFi was launched with a focus on accessibility and security. The crypto trading platform is becoming popular among both new and experienced traders. </span> <span style="font-weight: 400;">Here, in this article, we will learn about what makes BYDFi stand out.</span> <h2><span style="font-weight: 400;">What is BYDFi?</span></h2> <span style="font-weight: 400;">BYDFi</span><span style="font-weight: 400;"> is a global crypto trading platform that offers services like spot trading, futures contracts, copy trading, and easy fiat-to-crypto purchases. The BYDFii platform was designed to cater to a worldwide audience. BYDFi provides trading services in more than 150 countries. </span> Launched in 2020, BYDFi has grown into a Forbes-recommended exchange, recognized for its security, innovation, and user-centric approach. <span style="font-weight: 400;">The exchange complies with financial industry regulations and holds licenses in Australia, Singapore, Canada, and the United States.</span> <h3>1. Key Features</h3> BYDFi's Unique Advantage: Leading the Industry with Copy Trading <ol> <li style="font-weight: 400;" aria-level="1"><b>Trade with as little as $10. </b><span style="font-weight: 400;">BYDFi has lowered the trading threshold to $10, making it easier for new traders and smaller investors to participate in the crypto market.</span></li> <li style="font-weight: 400;" aria-level="1"><b>Flexible Margin Options: </b>Crypto traders can choose Between isolated or cross margin. <span style="font-weight: 400;">The isolated margin mode enables users to manage the funds of each position independently, minimizing risk, while the cross-margin mode automatically allocates funds, enhancing asset efficiency and making it ideal for multi-strategy portfolios and complex trading. </span></li> <li style="font-weight: 400;" aria-level="1"><b>Multi-Asset Contract Trading Support: </b><span style="font-weight: 400;">BYDFi supports a variety of cryptocurrencies, including mainstream assets like BTC, ETH, XRP, and popular Memecoins such as SOL, and DOGE. The platform also offers various leverage options, accommodating both new traders and seasoned professionals seeking diverse trading opportunities.</span></li> <li style="font-weight: 400;" aria-level="1"><b>Transparent Fee Structure: </b><span style="font-weight: 400;">BYDFi has a fair and transparent fee structure. Users can view transaction records, fees, and profits in real-time, ensuring no hidden charges and a clear understanding of costs. </span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;"><b>Comprehensive Trading Tools:</b> BYDFi offers market insights and advanced trading tools, including candlestick charts, real-time order functions, and multi-indicator support, helping traders optimize their strategies.</span></li> <li style="font-weight: 400;" aria-level="1">BYDFi offers Flexible Deposit Methods and Global Multi-Language Support that help traders worldwide tap into the crypto world.</li> </ol> <h3>2. 650+ cryptocurrencies available</h3> BYDFi is offering up to 600 different cryptocurrencies for trading, including popular ones such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), and Shiba Inu (SHIB). You can easily find trending meme coins and crypto projects on BYDFi. <strong>Compare to other spot exchanges:</strong> <img class="aligncenter size-full wp-image-17676" src="https://telegaon.com/wp-content/uploads/2025/03/In-Depth-BYDFi-Review-Pros-Cons-Pricing-More2025.webp" alt="In-Depth BYDFi Review Pros, Cons, Pricing & More(2025)" width="847" height="279" /> <h3>3. Provide 200x leverage:</h3> <span style="font-weight: 400;"><a href="https://www.bydfi.com/en/swap/btc-usdt">BYDFi perpetual contract trading</a> is one of the best in the industry. This sets BYDFi apart from other exchanges where the maximum leverage for perpetual contracts is typically 100x or 125x. BYDFi offers up to 200x leverage.</span> <b>Compare to other derivatives exchanges:</b> <img class="aligncenter size-full wp-image-17677" src="https://telegaon.com/wp-content/uploads/2025/03/BYDFi-exchange.webp" alt="Provide 200x leverage This sets BYDFi apart from other exchanges where the maximum leverage for perpetual contracts is typically 100x or 125x. BYDFi offers up to 200x leverage. Compare to other derivatives exchanges " width="838" height="267" /> <h3>4. Demo trading:</h3> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">All users on BYDFi can access a demo account with 100k USDT to practice trading without risking real funds.</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">This feature allows users to test their trading skills and strategies before trading with real money.</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Demo trading is a great way for beginners to get familiar with the platform and the market.</span></li> </ul> <h3>5. Security Measures</h3> BYDFi prioritizes safety through: <ul> <li><strong>Cold Storage:</strong> 95% of funds are stored offline.</li> <li><strong>Multi-Signature Wallets & Segregated Accounts:</strong> User assets are kept separate from corporate funds.</li> <li><strong>2FA & Anti-Phishing Codes:</strong> Enhanced login security.</li> <li><strong>Whitelisting:</strong> Restricts withdrawals to pre-approved addresses.</li> <li><strong>Insurance Fund:</strong> Protects against unexpected losses.</li> </ul> <h3>6. Sleek and Intuitive Design</h3> <span style="font-weight: 400;">The platform’s clutter-free layout makes navigation easy. A mobile app (iOS/Android) lets you trade on the go.</span> <span style="font-weight: 400;">The exchange emphasizes a clean interface without overwhelming users—perfect for those dipping their toes into crypto or seasoned traders looking for efficient tools.</span> <h3>7. Welcome Reward</h3> <span style="font-weight: 400;">BYDFi offers a generous </span>New User Welcome Package of up to 8,100 USDT to its users<span style="font-weight: 400;">. The new users can earn rewards simply by signing up and completing a few straightforward tasks!</span> <span style="font-weight: 400;">No KYC verification is required on BYDFi (except for users in South Korea) for most of the features. The users can start earning rewards by completing simple tasks like setting up Google Two-Factor Authentication (2FA), configuring anti-phishing codes, and joining their community.</span> <h3><span style="font-weight: 400;">Learning Resources</span></h3> <span style="font-weight: 400;">BYDFi also has a dedicated blog that offers guides, market updates, and trading tips that can be ideal for beginners.</span> <h3><span style="font-weight: 400;">Fees and Payments</span></h3> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Low Trading Fees: Competitive rates (0.1% for spot trades, lower for futures).</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Deposit/Withdrawal Fees: Vary by method (card purchases may include third-party charges).</span></li> </ul> <h2><span style="font-weight: 400;">Customer Support</span></h2> <span style="font-weight: 400;">BYDFi customer care is available 24/7. The users can contact customer care via live chat and email support, ensuring help is always available. </span> <h2><span style="font-weight: 400;">Pros & Cons at a Glance</span></h2> <h3><span style="font-weight: 400;">Pros:</span></h3> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Easy fiat purchases.</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Clean interface + mobile app.</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Strong security measures.</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Educational content for newcomers.</span></li> </ul> <h3><span style="font-weight: 400;">Cons:</span></h3> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Smaller coin selection vs. giants like Binance.</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Limited transparency about the team (common in crypto).</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The exchange is unavailable in some countries like China, Pakistan, Bangladesh, Kazakhstan, the United Kingdom, and Iran.</span></li> </ul> <h2><span style="font-weight: 400;">Who is it for?</span></h2> <span style="font-weight: 400;">If you’re a beginner in crypto trading and you want an easy and hassle-free start, BYDFi can be an ideal choice for you. BYDFi offers an easy-to-use trading platform with the lowest fees. However, if you’re an experienced trader and seeking futures/earning options, BYDFi can be helpful. Apart from ease of use, BYDFi offers top-notch security. For anyone prioritizing security with ease of use, BYDFi can be a great option.</span> <h2><span style="font-weight: 400;">Final Thoughts</span></h2> <span style="font-weight: 400;">BYDFi strikes a neat balance between simplicity and functionality. While it may lack the vast asset range of older exchanges, its user-first design, security focus, and earning features make it a solid choice. Newcomers will appreciate the straightforward onboarding, while advanced traders can explore leveraged futures.</span> <span style="font-weight: 400;">Ready to try it? Visit </span><a href="https://www.bydfi.com/en"><span style="font-weight: 400;">BYDFi</span></a><span style="font-weight: 400;"> and see if it fits your crypto needs. Always remember to DYOR (do your research) and trade responsibly!</span>BYDFi is offering up to 600 different cryptocurrencies for trading, including popular ones such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), and Shiba Inu (SHIB). You can easily find trending meme coins and crypto projects on BYDFi.

Compare to other spot exchanges:

In-Depth BYDFi Review Pros, Cons, Pricing & More(2025)

Provide 200x leverage:

BYDFi perpetual contract trading is one of the best in the industry. This sets BYDFi apart from other exchanges where the maximum leverage for perpetual contracts is typically 100x or 125x. BYDFi offers up to 200x leverage.

Compare to other derivatives exchanges:

Provide 200x leverage This sets BYDFi apart from other exchanges where the maximum leverage for perpetual contracts is typically 100x or 125x. BYDFi offers up to 200x leverage. Compare to other derivatives exchanges

Pros & Cons at a Glance

Pros:

  • 650+ cryptos & 200x leverage
  • Demo account & copy trading
  • Strong security measures
  • No KYC is needed for most functions
  • Forbes-recognized exchange
  • Lower fees as compared to other exchanges

Cons:

  • Unavailable in some countries like China
  • Less popular as compared to giants like Binance
  • Higher leverage risks for new traders

Demo trading

  • All users on BYDFi can access a demo account with 100k USDT to practice trading without risking real funds.
  • This feature allows users to test their trading skills and strategies before trading with real money.
  • Demo trading is a great way for beginners to get familiar with the platform and the market.

Security Measures

BYDFi prioritizes safety through:

  • Cold Storage: 95% of funds are stored offline.
  • Multi-Signature Wallets & Segregated Accounts: User assets are kept separate from corporate funds.
  • 2FA & Anti-Phishing Codes: Enhanced login security.
  • Whitelisting: Restricts withdrawals to pre-approved addresses.
  • Insurance Fund: Protects against unexpected losses.

Sleek and Intuitive Design

BYDFI

The platform’s clutter-free layout makes navigation easy. A mobile app (iOS/Android) lets you trade on the go.

The exchange emphasizes a clean interface without overwhelming users—perfect for those dipping their toes into crypto or seasoned traders looking for efficient tools.

Welcome Reward

BYDFi offers a generous New User Welcome Package of up to 8,100 USDT to its users. The new users can earn rewards simply by signing up and completing a few straightforward tasks!

No KYC verification is required on BYDFi (except for users in South Korea) for most of the features. The users can start earning rewards by completing simple tasks like setting up Google Two-Factor Authentication (2FA), configuring anti-phishing codes, and joining their community.

Fees and Payments

  • Low Trading Fees: Competitive rates (0.1% for spot trades, lower for futures).
  • Deposit/Withdrawal Fees: Vary by method (card purchases may include third-party charges).
Fee Type Cost
Spot Trading 0.1% per trade
Futures Trading 0.04% (maker) / 0.06% (taker)
Credit Card Deposit 3%
Bank Transfer 1% (min $10)
Crypto Withdrawal Network fee (e.g., 0.0005 BTC for BTC)

Customer Support

BYDFi customer care is available 24/7. The users can contact customer care via live chat and email support, ensuring help is always available. 

Safety & Risks: What You Need to Know

Cryptocurrency trading is inherently risky. BYDFi includes warnings across its platform, especially for leveraged trades. For example:

  • A trader using 150x leverage on Bitcoin could lose their entire investment if the price drops 0.7%.
  • The 2022 LUNA crash wiped out many overleveraged accounts—BYDFi’s insurance fund helps but can’t cover all market extremes.

Always:

  • Start small.
  • Avoid high leverage until you’re experienced.
  • Never invest more than you can afford to lose.

Who is it for?

If you’re a beginner in crypto trading and want an easy and hassle-free start, BYDFi can be an ideal choice. BYDFi offers an easy-to-use trading platform with the lowest fees. However, if you’re an experienced trader and seeking futures/earning options, BYDFi can be helpful.

Apart from ease of use, BYDFi offers top-notch security. For anyone prioritizing security with ease of use, BYDFi can be a great option.

Final Thoughts

BYDFi strikes a neat balance between simplicity and functionality. While it may lack the vast asset range of older exchanges, its user-first design, security focus, and earning features make it a solid choice. Newcomers will appreciate the straightforward onboarding, while advanced traders can explore leveraged futures.

Ready to try it? Visit BYDFi and see if it fits your crypto needs. Always remember to DYOR (do your research) and trade responsibly!

Note: Crypto is volatile—profits aren’t guaranteed. This review reflects BYDFi’s features as of July 2024. Always verify details on their official site.