In the ever-evolving landscape of cryptocurrency exchanges, BYDFi stands out as an innovative social trading platform garnering global investor interest. Formerly known as BitYard, this exchange now offers over 600 cryptocurrencies and advanced features like up to 200x leverage trading. But is BYDFi truly worthy of your trust in 2025?
BYDFi is the evolution of BitYard, a trading platform launched in 2020 and rebranded in January 2023. This transformation isn’t just a simple name change but reflects a renewed vision in the digital asset universe.
The transition from BitYard to BYDFi is part of a complete modernization of the ecosystem. This change has enabled the integration of new features, improved user experience, and strengthened the platform’s position in the competitive exchange market.
BYDFi’s philosophy crystallizes around its slogan “BUIDL Your Dream Finance“. The term “BUIDL“, derived from “build”, represents a philosophy of action in the crypto ecosystem that encourages investors to actively participate in building the digital economy.
BYDFi’s mission is to democratize access to cryptocurrency trading by creating an environment where beginner and professional traders can interact, learn, and thrive together. This social approach to trading distinguishes BYDFi from many other exchanges.
In 2023, BYDFi was recognized by Forbes as one of the top ten cryptocurrency exchanges. This is a significant achievement for the cryptocurrency exchange. Overall, Forbes’ recognition of BYDFi demonstrates the exchange’s commitment to providing a secure, reliable, and innovative trading experience for its users.
The BYDFi platform brings together several features that we’ll present to you.
Spot trading forms the core of BYDFi’s offering, with more than 600 cryptocurrencies available. This diversity places BYDFi among the most comprehensive exchanges in the market, providing privileged access to a constantly expanding crypto ecosystem.
The spot trading interface stands out for its ease of use, allowing beginners to place their first orders without difficulty while offering experienced traders the necessary technical analysis tools.
BYDFi distinguishes itself by offering perpetual contracts with leverage of up to 200x, a level rarely matched in the industry. The platform offers two types: USDT-M and Coin-M contracts, providing significant strategic flexibility.
| Exchange | BYDFi | Bitmex | Phemex | Kraken |
| Derivatives Fees | 0.02/0.06% | 0.075% | 0.06% | 0.26% |
| Derivative Pairs | 400+ | 10+ | 30+ | 30+ |
| Max Leverage | x200 | x100 | x100 | x50 |
BYDFi’s major innovation lies in its copy trading system, transforming the platform into a social network dedicated to trading. This feature allows novices to follow and automatically replicate the strategies of successful traders.
The system offers complete transparency on the historical performance of leading traders, their strategies, and risk management. For experienced traders, this represents an additional monetization opportunity.
BYDFi offers a demo account with 100,000 virtual USDT, allowing users to test all features without risking real funds. This account faithfully reproduces the real trading environment.
Grid trading allows for automating strategies in volatile markets. BYDFi offers spot grid and futures grid, capitalizing on price fluctuations to generate regular profits.
The BYDFi ecosystem provides access to more than 600 different cryptocurrencies, rivaling industry giants. This strategy responds to the growing demand from traders looking to diversify their portfolios beyond mainstream cryptocurrencies.
BYDFi naturally offers access to major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), and Shiba Inu (SHIB), with liquid trading pairs and competitive spreads.
But BYDFi’s distinctive asset lies in its ability to quickly identify and list new crypto projects before their mass adoption. This strategy transforms the platform into an innovation laboratory for savvy investors.
Let’s now look at the strengths and areas for improvement of the BYDFi platform.
BYDFi adopts the maker/taker model with spot fees ranging from 0.1% to 0.3% depending on volume. For perpetual contracts, fees are 0.02% for makers and 0.06% for takers.
BYDFi applies no fees on cryptocurrency deposits. For fiat deposits via partners BANXA, Transak, Mercuryo, and Coinify, fees vary between 1% and 5%.
Withdrawal fees are fixed per cryptocurrency: 0.0005 BTC for Bitcoin and 0.005 ETH for Ethereum.
| Criteria | BYDFi | Coinbase | Kraken | Crypto.com |
|---|---|---|---|---|
| Spot Trading Fees | 0.1% | 0.5% | 0.4% | 0.4% |
| Cryptocurrencies | 800+ | 200+ | 200+ | 350+ |
| Mandatory KYC | No | Yes | Yes | Yes |
| 24/7 Customer Service | Yes | No | Yes | Yes |
| Demo Trading | Yes | No | Yes | No |
Here’s a tutorial to create an account on the platform in 5 steps.
Step 1 : Access the Official Website
Go to the official website bydfi.com and click on the “Sign Up” button located at the top right of the homepage. Make sure to use the official link to avoid phishing sites.
Step 2 : Fill Out the Registration Form
Enter your valid email address and create a secure password containing at least 8 characters with uppercase and lowercase letters, numbers, and special characters. Accept the terms of use after reading them.
Step 3 : Verify Your Email Address
Check your email inbox to receive the confirmation message from BYDFi. Click on the activation link in the email to validate your account. If you don’t receive the email, check your spam folder.
Step 4 : Set Up 2FA Security
Once logged in, access the security settings to enable two-factor authentication via Google Authenticator or Authy. Scan the QR code and carefully save your recovery code.
Step 5 : Complete Your Profile (Optional)
To increase your withdrawal limits from 1.5 BTC to 6 BTC per day, you can optionally complete KYC verification by providing an ID document and proof of address.
Here’s how to buy cryptocurrencies on BYDFi in a few steps.
Step 1 : Fund Your Account
Access the “Wallet” section then “Deposit” to choose your deposit method. For cryptocurrencies, copy the corresponding deposit address, verifying the blockchain network. For fiat deposits, select your currency and payment method from the available partners.
Step 2 : Navigate to the Trading Interface
Once your funds are credited, head to the “Trade” section then “Spot” to access the trading interface. Use the search bar to find the desired trading pair (e.g., BTC/USDT).
Step 3 : Choose the Order Type
Select the order type that suits your strategy: “Market” for immediate purchase at the current price or “Limit” to specify a precise purchase price.
Step 4 : Enter Order Details
Indicate the quantity of cryptocurrency to buy or the amount in base currency to invest. BYDFi automatically calculates applicable fees and displays the total transaction amount before validation.
Step 5 : Confirm and Track the Order
Check all the details of your order then click on “Buy” to confirm. Your order appears in the transaction history and your cryptocurrencies are credited to your spot wallet once the order is executed.
BYDFi scores 3.6/5 from 218 reviews on Trustpilot. Positive points include the diversity of cryptocurrencies and the intuitive interface. Criticisms focus on customer service and variable withdrawal fees.
The community appreciates the innovation in social trading and the 200x leverage. The no-KYC policy is equally popular, but elicits polarized reactions between competitive advantage and regulatory concerns.
BYDFi positions itself as an innovative and reliable platform for 2025, particularly thanks to its recognition by Forbes and its MSB licenses in the United States and Canada. The exchange stands out notably for its exceptional 200x leverage and its catalog of over 600 cryptocurrencies, offering unique opportunities to experienced traders.
The platform is particularly suitable for active traders seeking advanced features and investors looking to access emerging projects. The copy trading system democratizes access to professional strategies, while the no-KYC approach with reasonable limits attracts users concerned about privacy.
However, we recommend a cautious approach for absolute beginners who might be overwhelmed by the wealth of features. Diversification across multiple exchanges remains a recommended practice, and BYDFi can excellently complement an exchange portfolio that includes traditional players.
Caméléon de la rédaction et experte SEO, Maholy Ny Voary a découvert le monde des cryptomonnaies et du Web3 en 2021. Constamment à l’affût des nouveautés, elle continue de se former pour créer des contenus engageants qui aident véritablement les internautes.
Yes, BYDFi offers strong guarantees with its MSB licenses, Forbes recognition, and advanced security measures.
BYDFi allows non-KYC usage with a daily withdrawal limit of 1.5 BTC. Verification increases this limit to 6 BTC per day.
Spot trading fees range from 0.1% to 0.3%, while futures fees go from 0.02% to 0.06%. Crypto deposits are free of charge.
Yes, BYDFi provides maximum leverage of 200x, higher than most competitors, who typically cap at 100–125x.
BYDFi supports over 600 cryptocurrencies, including major assets and a wide range of emerging projects.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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