Is BYDFi the Right Exchange for You in 2025? Here’s What to Know

With so many exchanges promising low fees and big features, it's worth asking: does BYDFi actually deliver? Originally launched in 2020 as BitYard, BYDFi has steadily grown into a globally accessible platform, aiming to serve both new users and seasoned traders. Its rebrand in 2023 wasn’t just cosmetic—it reflected a stronger focus on automation, social trading, and broader accessibility.

Now operating with MSB registrations in the U.S. and Canada, BYDFi offers high-leverage derivatives, hundreds of spot pairs, and some truly beginner-friendly tools. But it still faces limits on regulatory reach and peer liquidity.

Let’s take a closer look at how BYDFi stacks up in 2025.

Pros:

• Access to 900+ cryptocurrencies, including hard-to-find altcoins
• Leverage up to 200x on futures markets
• Copy trading and demo accounts support hands-on learning
• Simple fiat purchase options with broad currency support
• Competitive fees across spot and derivatives

Cons:

• Crypto-only withdrawals; no fiat off-ramps
• Some customer support features are basic
• Limited P2P liquidity compared to major exchanges

>>> Open BYDFi Account <<<

BYDFi at a glance

At its core, BYDFi wants to make trading more accessible, whether through social tools like copy trading or automation like grid bots. The exchange supports over 900 cryptocurrencies, a number that puts it ahead of many competitors. Its demo mode is a clear standout, giving users 100,000 USDT in simulated funds to practice strategies before putting any real capital at risk.

And for those chasing high-risk, high-reward strategies? The platform’s 200x leverage on perpetual contracts is among the highest currently available.

A focus on usability

One of BYDFi’s strengths lies in how easy it is to get started. From its clean interface to the One-Click Buy feature, most users will find the onboarding smooth. Buying crypto with a credit card is simple, although it does require identity verification.

Want to test the waters first? The demo account is ready from the moment you sign up. And if you’re more into observing than actively trading, the copy trading dashboard makes it easy to follow experienced traders based on their past performance.

P2P is available, too, but the volume and selection are noticeably more limited than on larger exchanges.

BYDFi offers a myriad of derivatives options.

Mobile access and features

BYDFi's mobile app mirrors the full desktop functionality, with:

• Live price tracking and interactive charts
• Full spot and futures trading
• Copy trading and demo mode
• Secure login with 2FA and biometric options
• Price alert notifications

Even though some power users still prefer a desktop for charting, the app provides a solid experience for trading on the go.

Supported assets and fiat options

With over 900 crypto assets, BYDFi covers most major tokens (BTC, ETH, ADA, etc.) and a deep bench of altcoins. The platform positions itself as a discovery hub for lesser-known tokens, occasionally listing projects that are hard to find elsewhere.

For fiat transactions, BYDFi accepts:

• Credit/debit cards
• Apple Pay and Google Pay
• Bank transfers via Banxa, Transak, Coinify, and others
• Over 100 currencies supported for purchases

These partnerships provide a smoother onramp for users in various regions—even if fiat withdrawals aren’t available.

Cost structure and payment details

Trading fees:

• Spot: 0.1% maker and taker
• Futures: 0.02% (maker) / 0.06% (taker)

Fiat purchases (via fiat balance):

• $40–$499: 2%
• $500–$9,999: 1.5%
• $10,000–$49,999: 1%
• $50,000–$99,999: 0.5%
• $100,000–$499,999: 0.1%
• $500,000–$1,000,000: 0.08%

Credit/debit card purchases:

• Starts at 0.8%, with a $25 minimum

Withdrawals:

• Crypto only, based on network fees
• No internal withdrawal fees are added by the platform

Compared to Coinbase or Kraken, BYDFi remains on the cheaper side for trading fees, particularly for derivatives.

Bonuses, referrals, and extra features

BYDFi isn’t shy about giving users a boost. Newcomers can access a welcome reward package by completing onboarding steps like KYC, setting up 2FA, and joining the community.

Meanwhile, its affiliate program offers:

• Lifetime commissions on referred trades
• Instant payouts
• The ability to manage up to 100 unique referral links

If you’re planning to promote the platform, this is one of the more generous referral structures out there.

Supported languages

The BYDFi interface and support documentation are available in:

English, Vietnamese, Russian, Indonesian, Japanese, Portuguese, Turkish, Spanish, French, Thai, Tagalog, Traditional Chinese, German, Danish, Italian, Polish, Arabic, and Farsi (Persian)

FAQs

What is BYDFi?

BYDFi is a centralized crypto trading platform that supports over 900 coins and offers up to 200x leverage. Originally known as BitYard, it was rebranded in 2023 and offers features like demo trading, copy trading, and fiat purchase tools.

Is BYDFi safe?

The platform stores most funds offline, uses multi-sig approvals, and restricts withdrawals to approved addresses. It’s licensed as an MSB in the U.S. and Canada but doesn’t hold broader international licenses.

Do I need KYC to use BYDFi?

KYC is optional for most functions. However, you’ll need to complete it to increase your withdrawal limit from 1.5 BTC to 6 BTC per day or to buy crypto with fiat.

What are BYDFi’s trading fees?

Spot trades are charged at 0.1%, and futures trades cost 0.02% (maker) and 0.06% (taker). Fiat purchase fees vary by amount and method.

The verdict

In our opinion, BYDFi earns a respectable 8 out of 10. Its wide coin selection, strong leverage options, and low fees make it attractive to a broad user base. Beginners benefit from demo tools and copy trading, while advanced users can explore leverage and automation.

That said, the platform still lags in international regulation and fiat off-ramps. If you’re comfortable with those trade-offs, BYDFi presents a well-rounded, feature-rich option for active traders and crypto newcomers alike.

>>> Visit BYDFi <<<

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