BYDFi is a leading Singapore-based crypto exchange that offers secure and transparent trading within its user-friendly platform. Formerly known as BitYard, the exchange was established in 2020 and has served over 1 million users worldwide. In this BYDFi review, we examine the platform’s key features, user experience, and other aspects that make it a top crypto exchange in 2025.
BYDFi Review: Our Verdict
BYDFi is one of the top non-KYC crypto exchanges featuring advanced trading tools and a user-friendly interface. With easy fiat-to-crypto deposits and over 600 listed tokens, the exchange offers a seamless trading experience from registration to withdrawals.
While withdrawals are limited to AUD and EUR fiat currencies, BYDFi supports buying crypto with over 90 fiat currencies. Some advanced features like crypto futures, trading bots, and leveraged tokens may not be suitable for beginners. Still, BYDFi remains a reliable crypto exchange with remarkable trading benefits and low fees.
- One of the Forbes-listed best crypto exchanges for 2025
- Trade over 600 cryptocurrencies
- No-KYC crypto exchange with up to 1.5 BTC daily withdrawals
- Advanced tools with cross-margin and copy trading
- Low trading fees, starting at 0.1% Taker and Maker fees
- User-friendly and easy-to-use platform
- One-click fiat-to-crypto purchases
- Limited fiat withdrawals
- Advanced features may not be beginner-friendly
- No crypto staking
What Is BYDFi?
In 2020, BYDFi began operations for the Southeast Asian market as a safe and convenient crypto trading platform. It was co-founded by Martin Huang, who currently serves as the Marketing Director. The exchange, which was then known as BitYard, started expanding its offerings in the following years.
Towards the end of 2022, the platform officially rebranded to BYDFi, following its new vision, “BUIDL Your Dream Finance.” From there, Forbes selected the exchange as one of the best crypto exchanges as BYDFi continued releasing new crypto services and growing its user base. In 2023, it was listed on CoinGecko and CoinMarketCap, increasing its visibility in the market.
In addition to the platform’s competitive fees, BYDFi partners with trusted on and off-ramping services, including Banxa, Transak, and Coinify. With easy, efficient, and cost-effective transactions, the trading platform remains highly accessible to BYDFi users.
BYDFi’s mission is to provide its global customers with the best crypto asset trading services and continue promoting blockchain technology. Here’s a list of the BYDFi exchange’s core products and services that continue to provide value to its user base:
- Spot Trading: Straightforward crypto trading with 600+ pairs
- Leveraged Tokens: Up to 200x margin
- Trading Bots: Automated trading strategies
- Copy Trading: Copy strategies from the top traders
- Crypto Derivatives: Trade futures perpetual contracts
- Crypto Swap: Easy crypto exchange with multiple currencies
- Rewards: Unlock exclusive benefits by completing tasks
- P2P Marketplace: Buy and sell tokens with other users
Even now, BYDFi continues to update its platform with new cryptocurrency listings and features to give its crypto traders a competitive edge. The global cryptocurrency trading platform serves over 150 countries and over a million registered users.
Cryptocurrencies and Assets Available on BYDFi
BYDFi offers a wide selection of cryptocurrencies, from popular tokens like Bitcoin (BTC) and Ethereum (ETH) to some of the best altcoins like Solana (SOL) and Chainlink (LINK). The exchange also features various trading options, including spot, crypto perpetual futures, and copy trading. Let’s break down the different crypto assets that BYDFi provides.
Spot Trading
The BYDFi exchange supports over 600 tokens and lists new spot trading pairs frequently. It offers the most pairs for Tether (USDT), which includes the following tokens:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Solana (SOL)
- Sui (SUI)
- Jupiter (JUP)
- Pepe (PEPE)
- Dogecoin (DOGE)
- Monero (XMR)
- Toncoin (TON)
Users can also trade 9 USD Coin (USDC) trading pairs, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- EOS (EOS)
- Solana (SOL)
- Cardano (ADA)
- Tron (TRX)
- ChainLink (LINK)
- Litecoin (LTC)
The cryptocurrencies available span several industries which BYDFi crypto traders can filter on the spot and derivatives trading interface. Some of the categories include Meme Coins, DeFi (Decentralized Finance), RWA (Real-World Assets), Layer-2, Web3, and DePIN (Decentralized Infrastructure Network) coins.
Perpetual Trading Pairs
Like many crypto futures trading platforms, BYDFi uses two types of crypto perpetual pairs, USDT-M and COIN-M. Advanced traders looking to hold their margin in USDT can opt for the former, while others who want to hedge their cryptocurrencies can choose the latter.
BYDFi offers over 260 USDT-M perpetual pairs. The following list shows the top pairs by 24-hour trading volume:
- BTCUSDT (Bitcoin)
- ETHUSDT (Ethereum)
- TRUMPUSDT (OFFICIAL TRUMP)
- MKRUSDT (Maker)
- AAVEUSDT (Aave)
- TAOUSDT (TAO)
- SOLUSDT (Solana)
- MELANIAUSDT (Melania Meme)
- BCHUSDT (Bitcoin Cash)
- BNBUSDT (BNB)
Regarding the BYDFi perpetual trading COIN-M contracts, the exchange supports BTCUSD (Bitcoin), ETHUSD (Ethereum), Ripple (XRPUSD), Polkadot (DOTUSD), and Dogecoin (DOGEUSD).
Leverage Options (1x–200x)
Seasoned traders looking to engage in high-risk, high-reward crypto trading should understand BYDFi’s different margin trading options. Depending on the token, up to 200x leverage is available.
For instance, Bitcoin and Ethereum USDT perpetuals can be traded with maximum leverage. On the other hand, up to 150x leverage is available for Ripple USDT futures, while 100x is the maximum for Solana.
Additionally, there are two types of margin positions for BYDFi leverage, both of which are often used by other exchanges. Here are the two margin modes and brief explanations of how they work:
- Cross Margin: All cross-margin positions are tied to the same asset and draw from one shared margin pool. If liquidation occurs, the entire margin balance and any associated positions under the asset could be lost.
- Isolated Margin: A specific margin amount is assigned for each isolated margin position. In the event of liquidation, only the allocated margin and position will be lost. Users can adjust the allocated margin by adding or removing funds if needed.
Individuals who want to trade with leverage without the risk of liquidation can benefit from BYDFi’s leveraged token offerings. These include 3x long and short USDT trading pairs for Bitcoin and Ethereum. These crypto derivatives trading offerings add to BYDFi’s versatility for all types of traders who want to utilize advanced tools.
Upcoming BYDFi Copy Trading Features
Copy trading enables crypto investors to automatically follow trading strategies directly from other successful traders. This upcoming feature on BYDFi enables users to earn passive income from expert traders.
BDYFi users don’t need to make a new copy trading account opening as the feature is built-in on the platform and the BYDFi app. Copy traders, the individuals other BYDFi users follow, have a default trader profit-sharting ratio of 10%. So, the original trader gets 10% of the earnings from the followers who copied their positions. Note that traders can change this ratio through their account settings.
Like all the best copy trading platforms, BYDFi makes the entire process straightforward and efficient, especially for followers. Followers can also close any copy trading positions at any time, giving them plenty of control over their earnings.
BYDFi Fees & Commissions
Now that we’ve reviewed the available tokens and some trading features in this BYDFi exchange review, let’s examine the platform’s fees and compare them to those of other Bitcoin exchanges.
Trading Fees
BYDFi charges different transaction fees depending on the type of trading service it offers. All spot trading pairs have a 0.1% transaction fee for both execution types (Maker and Taker), and these fees are charged separately. Unfilled orders do not incur any spot trading fees and are based on the unit of the purchased cryptocurrency.
On the other hand, BYDFi has a 0.02% Maker and 0.06% Taker transaction fee rate for futures trading. The rate remains constant, regardless of the volume of the trade. Regarding leveraged tokens, the transaction fee rate is 0.2%. Also, a management fee is charged daily for any held leveraged tokens overnight. BYDFi will charge 0.03% of the true value of the held leveraged tokens.
Non-Trading Fees
BYDFi does not charge any funding fees for deposits, but the exchange has a fixed fee for withdrawals to help cover the cost of transferring the crypto out of the BYDFi account. These fees are based on the blockchain network and can change based on several factors, so fees may be updated without prior notice.
Here’s a short list that shows the withdrawal fee for common crypto withdrawals on BYDFi:
- USDT (TRC20): 1 USDT fee
- USDT (BEP20): 0.5 USDT fee
- USDT (MATIC): 0.2 USDT fee
- USDC (TRC20): 1 USDC fee
- USDC (BEP20): 0.3 USDC fee
- USDC (MATIC: 0.1 USDC fee
- BTC (BTC): 0.0001 BTC fee
- ETH (EHT): 0.0017 ETH fee
The following table outlines all BYDFi fees and compares them with fees from Kraken, Coinbase, and Binance.
| Fee Type | BYDFi | Kraken | Coinbase | Binance |
| Deposit Fee | None | None | $0 to $10 | None |
| Withdrawal Fee (USDT) | 0.2 to 1.5 USDT | 1.0 to 4.0 USDT | 0.5% | 0 to 5 USDT |
| Spot Trading Fee (Maker/Taker) | 0.1%/0.1% | 0.00% to 0.25%/0.10% to 0.40% | 0.00% to 0.60%/0.05% to 1.20% | 0.1% to 0.00825%/ 0.1% to 0.017250% |
| Crypto-to-Crypto Conversion Fee | No transaction fee | Varying spread | Varying spread | |
| Futures Trading Fee (Maker/Taker) | 0.02%/0.06% | 0.00% to 0.02%/0.01% to 0.05% | $0.020 per transaction | 0.02% to 0.00%/ 0.05% to 0.0153% |
| Margin Trading Fee | 0.2% transaction fee | 0.02% opening fee | $0.020 per transaction | 0.1% to 0.00825%/ 0.1% to 0.017250% |
| Overnight Leverage Fee | 0.03% | 0.02% | N/A | 0.40% to 50.00% |
BYDFi’s Advanced Trading Features
For seasoned traders exploring the latest strategies or new users looking to improve their game, BYDFi’s advanced trading features provide the tools to gain an edge in the market.
Perpetual Trading Upgrade
BYDFi recently upgraded its perpetual trading platform, enhancing the trading experience and adding innovative tools that empower its users. The update focuses on improving user flexibility while also increasing account security.
One of the newly added features in the upgrade allows traders with current profitable positions to leverage unrealized gains to open new ones. It allows individuals to use potential profits as collateral, enabling quick reinvestments without settlement. This is particularly useful during volatile markets where traders might need to make split-second decisions and capitalize on opportunities.
Another new feature is the advanced hedging function, which lets users maintain long and short positions simultaneously within the same trading pair. The feature helps mitigate risks and lock in earnings during unpredictable market conditions. Traders can strategically hedge their portfolios to secure income when uncertain trends remain.
Trading Bots
Crypto bot trading is another advanced tool on BYDFi that provides traders with passive income earning opportunities. Here are the three automated trading functions that the platform offers:
- Spot Grid: Commonly used by the best automated crypto platforms, this trading bot style capitalizes on short to medium-term price movements based on pre-programmed levels. The bot trades within a range, buying dips and selling during peaks.
- Spot Investment: This long-term bot trading strategy is akin to the tried and true dollar-cost averaging (DCA) investment strategy. It diversified the risk by automatically setting a purchase at fixed time intervals, lessening the influence of market volatility in an investment.
- Spot Martingale: Based on the popular gaming strategy, the Spot Martingale bot lets traders double down on losses and can be beneficial during short-term market declines. These bots buy more and more quantities as the price decreases, helping users reduce the average cost and earn during a price rebound.
BYDFi users can also copy bot trading strategies from other users to learn from experienced traders’ techniques or use them directly for earning.
Copy Trading (Coming Soon)
BYDFi’s upcoming copy trading tool will help beginners find seasoned investors to follow and earn from their trading strategies. Users can select the trading pair they want to copy, enter any amount they wish to invest in the copy trade, and even manage risk with take-profit and stop-loss ratios.
Users interested in becoming copy traders for other users to follow need to fill out and submit an application form. BYDFi reviews these applications and requires complete KYC verification on the traders’ end.
Is BYDFi User-Friendly?
Usability and user experience are other important factors that we’ll evaluate for the platform in this BYDFi review. This includes the mobile and desktop interfaces and the exchange’s overall security.
BYDFi Mobile App
The BYDFi proprietary app is available on Google Play and the App Store, with 4.5 out of 5 and 4.6 out of 5 star ratings, respectively. BYDFi reviews from mobile users have praised the app’s user-friendliness and accessibility. For many individuals, it’s the go-to platform for crypto trading since all main features are available on mobile.
Recent developments in the BYDFi mobile app have allowed new users to register directly on their phones using their Apple ID or Google accounts. Additionally, BYDFi app users can receive notifications on their phones regarding currently held positions and new price alerts that help them keep track of market movements.
Desktop Platform
BYDFi’s desktop interface also boasts a sleek, seamless design that’s easy to navigate and use for trading crypto. The handy navigation bar allows for easy transitions from the crypto trading markets to the affiliate partner program. Advanced traders who usually make short-term positions often use the desktop platform, which allows for multi-screen use and more precise orders.
Additionally, the desktop platform is highly customizable. Technical indicators can be added and edited for spot and derivatives trading. Users can also toggle between dark and light modes, making the interface more pleasant to use during evening trading sessions. Demo accounts are also available with 50,000 USDT in virtual funds to help users practice trading.
BYDFi Security
With all the advanced trading and high-leverage options, some might ask, “Is BYDFi legit?” Regarding regulatory compliance, BYDFi is one of the few non-KYC digital asset trading platforms that can offer crypto services to the US, thanks to its dual MSB (Money Service Business) license for the US and Canada.
Top-notch security for both user accounts and the BYDFi trading engine platform provides an overall safe trading experience for the exchange’s over 1 million registered traders. Individuals can activate two-factor authentication (2FA) to protect their accounts.
Moreover, BYDFi adheres to anti-money laundering (AML) policies through its KYC process. Users who verify their accounts get enhanced withdrawal asset management, increasing the total daily withdrawal amount from 1.5 BTC to 6 BTC.
Regarding user funds, trader crypto assets are stored in offline cold wallets and protected from hacks through multi-signature security. BYDFi’s trading engine features some of the highest mating standards in the industry. The system utilizes multi-layered security protocols like AWS cloud and website encryption to maintain a safe and stable trading environment.
BYDFi Customer Support
BYDFi dedicates an entire support page to customer service. The page includes key resources such as FAQs, easy-to-follow guides, and educational articles to help make more informed investment decisions. These resources will often feature short videos that explain the different offerings, common issues, and how the features work.
The BYDFi support team is available 24/7 through the live chat for urgent inquiries. After testing the customer chat asking about the BYDFi referral code, we promptly received helpful information from the customer agent. Users can also reach out to the team through the customer service email.
How to Get Started with BYDFi
Follow these steps to create an account and begin trading on BYDFi.
- Sign up for an account: Visit the BYDFi official website and click ‘Get Started.’ Enter your email address or mobile number and type a secure password. Alternatively, you may sign up through a Google account or Apple ID.
- Verify your identity: Go to your profile and click ‘KYC Verification.’ Prepare a valid ID document, click ‘Verify’, and follow the instructions to complete the verification. You will be notified when the KYC process has been approved.
- Deposit funds: Click ‘Buy Crypto’ on the BYDFi navigation bar. On the fiat-to-crypto conversion widget, select a fiat currency and enter the amount you wish to convert. Select the payment method and channel, enter the third-party page to enter your payment details, and complete the deposit.
- Start trading using spot or perpetual options: Browse the navigation bar to see the options and select one to start trading. By default, the order execution container is on the right side of the BYDFi trading interface. Find a trading pair, enter the amount you wish to trade, and click ‘Buy’ to open your first position.
BYDFi vs. Competitors
We’ve shown BYDFi’s main features, fees, and interface, but how do they compare to some of the most popular crypto exchanges? Let’s break the comparisons down below:
- BYDFi vs Coinbase: BYDFi has more advanced features and a more competitive fee structure than Coinbase, a more beginner-friendly platform. Although Coinbase has higher liquidity, those looking for more trading tools might opt for BYDFi.
- BYDFi vs Binance: BYDFi and Binance are neck and neck in terms of features, fees, and offerings, with the latter having a slight edge. BYDFi, however, has fewer regulatory challenges and does not require KYC.
- BYDFi vs Changelly: A BYDFi review on Reddit pitted the Singapore-based exchange against Changelly, an instant cryptocurrency exchange. Comparing the two, BYDFi offers significantly more features, such as copy trading, crypto perpetuals, and demo trading.
Conclusion
BYDFi (formerly BitYard) has made several favorable platform upgrades after rebranding. With 600+ supported tokens, low fees, advanced trading, and a user-friendly interface, it deserves to be one of Forbes’ best crypto exchanges.
With continuous user-focused updates, BYDFi is already challenging the top exchanges. Explore BYDFi and transform your trading experience today!
Visit ByDFiOur Methodology
99Bitcoins aims to help individuals exploring cryptocurrency investments to make safe and well-informed choices. Our mission is to give readers impartial evaluations on leading cryptocurrency exchanges, catering to investors of all experience levels.
We analyzed cryptocurrency exchanges based on key factors such as security measures, transaction fees, available cryptocurrencies, and additional features. We also assessed the platform’s regulatory compliance across different jurisdictions.
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References
- Best Crypto Exchanges – Forbes Advisor (Forbes)
- BYDFi Statistics: Markets, Trading Volume & Trust Score | CoinGecko (CoinGecko)
- Quick Buy: Purchase Bitcoin & Crypto Easily | BYDFi (BitYard) (BYDFi)
- BYDFi Listing New Spot Trading Pairs Announcement (2025/01/18) – BYDFi (BYDFi)
- BYDFi is launching an upgraded Perpetual Trading System – Crypto Daily (Crypto Daily)
- Dollar-Cost Averaging (DCA) Explained With Examples and Considerations (Investopedia)
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