BYDFi Review 2026
Learn more about TU’s methodology
- USDT 10
- Proprietary web platform
- BYDFi Lite mobile apps
- Algorithmic trading is allowed
- Minimum spot trade amount is set.
Our Evaluation of BYDFi
Learn more about TU’s methodology
BYDFi is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.51 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BYDFi clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
BYDFi is a relatively new crypto exchange available to traders worldwide.
Available to traders worldwide, BYDFi is a relatively new crypto exchange that prioritizes the security of client funds. It offers a wide range of assets and provides a user-friendly experience.
How we tested BYDFi
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at BYDFi
BYDFi (formerly BitYard) is a cryptocurrency exchange launched in 2020 and offering leveraged trading on over 400 cryptos, futures, and tokens.More than 2 million traders from over 165 countries use its services. According to CoinMarketCap, its daily spot trading volume exceeds $225 million. BYDFi is a registered VASP (Virtual Asset Service Provider), allowing it to legally provide virtual asset services with enhanced protection for personal data and funds.
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- Possibility to start trading without the KYC (Know Your Client) procedure;
- Simple registration of a user account and functional interface for funds and trades management;
- Minimum initial deposit is USDT 10;
- Wide choice of cryptocurrencies with high leverage;
- Perpetual USDT-M and COIN-M contracts are available;
- Demo account with virtual $50,000 is provided;
- Client deposits and funds are held in cold wallets.
- The exchange doesn't accept fiat currencies directly, requiring traders to pay fees to intermediaries for deposits from bank cards;
- BYDFi users cannot earn income from cryptocurrency staking;
- There is no quality education for novice traders.
TU Expert Verdict
Chief Analytics Officer
BYDFi is a cryptocurrency exchange that offers trading on more than 400 coins, futures, and perpetual contracts through a proprietary web platform and Lite mobile apps. The platform features leverage up to 1:200, low minimum deposits from USDT 10, and a demo account with $50,000 in virtual funds. BYDFi is regulated by a Tier-1 authority, provides cold wallet storage for client funds, and supports algorithmic trading. Spot and futures trading fees are below industry averages, and the exchange is available in major jurisdictions including the U.S. and Germany.
Notable drawbacks include the lack of direct fiat deposits, with users required to rely on intermediaries, limited options for passive income since staking and yield farming are unavailable, and no robust educational resources for beginners. BYDFi may be attractive to active or professional traders seeking low fees and high leverage but may not be suitable for those who need direct fiat services, advanced passive income tools, or educational support.
BYDFi Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary web platform and BYDFi Lite mobile apps |
|---|---|
| 📊 Accounts: | Demo and Live |
| 💰 Account currency: | 360+ cryptocurrencies |
| 💵 Deposit / Withdrawal: | Crypto transactions and buying cryptos from bank cards via Transak, Banxa, Alchemy Pay, Coinify, and Mercuryo |
| 🚀 Minimum deposit: | BTC 0.001, USDT 10, and ETH 0.0001 |
| ⚖️ Leverage: | Up to 1:200 |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | BTC 0.001 |
| 💱 Commission: |
Spot: 0.1%-0.1% Futures: 0.02%-0.02% |
| 🔧 Instruments: | 400 supported coins, Futures, Perpetual contracts, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: |
Market and limit for spot trading; Market, limit, stop market, and stop limit for trading perpetual contracts |
| ⭐ Trading features: |
Algorithmic trading is allowed; Minimum spot trade amount is set. |
| 🎁 Contests and bonuses: | Yes |
BYDFi allows its users to convert, buy/sell cryptos, and invest in perpetual contracts with settlements in USDT or other digital currencies. The fee is the percentage of the position size. The trading interface is available in three versions — Basic, TradingView, and Depth. The exchange offers over 360 digital and 90 fiat currencies.
BYDFi Key Parameters Evaluation
Regulation and Safety
BYDFi has earned a rating of 9.75/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- 2FA
- U.S-regulated
- No successful hacks history
- Cold wallet storage
- Government-regulated
- Tier-1 regulation
- No facial recognition
- No investor protection fund
BYDFi Security Factors
We also compared BYDFi against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| BYDFi | Kraken | Coinbase | |
| Tier-1 regulation | Yes | Yes | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
Is BYDFi a regulated crypto exchange?
BYDFi is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Is verification (KYC) mandatory at BYDFi?
Yes, KYC verification is mandatory at BYDFi. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is BYDFi available in the USA?
Yes, BYDFi is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
BYDFi commissions and fees
BYDFi has earned a rating of 8.75/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as BYDFi is a platform with minimal crypto trading costs.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are BYDFi trading fees?
We analyzed BYDFi’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
BYDFi trading fees vs competitors
| BYDFi | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.1 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.1 | 0.22 | 0.2 | 0.194 |
| Futures, maker fee(%) | 0.02 | 0 | 0 | 0.024 |
| Futures, taker fee(%) | 0.02 | 0 | 0.053 |
What are BYDFi deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0.0001 ВТС 0.0017 ETH |
Does BYDFi offer P2P trading?
No, BYDFi does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and Withdrawal
BYDFi received a 4/10 rating for its deposit and withdrawal services. BYDFi offers limited funding options and may charge fees, which could be inconvenient for many users.
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- No P2P transfer option
- No PayPal option
Deposit and withdrawal options
BYDFi supports the following deposit and withdrawal options: Bank transfers, Crypto.
BYDFi Deposit and withdrawal options vs competitors
| BYDFi | Kraken | Coinbase | |
| Bank transfers | Yes | Yes | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is BYDFi minimum deposit?
The minimum deposit at BYDFi is 10 USD/USDT or 1 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
BYDFi minimum deposit vs competitors
| BYDFi | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 1 | 1 | 1 |
| Minimum trade amount, USD/USDT | 10 | 1 | 2 |
Does BYDFi support fiat money?
BYDFi supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
BYDFi received a score of 6.5/10 in this category, reflecting a solid selection of tradable assets and markets. BYDFi supports 400 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- Crypto copy trading available
- Crypto futures available
- Fiat currencies supported
- Staking not available
- Yield farming not available
BYDFi supported coins and markets vs competitors
We compared BYDFi with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| BYDFi | Kraken | Coinbase | |
| Supported coins | 400 | 278 | 249 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | No | No |
| NFTs | No | Yes | Yes |
BYDFi passive income options vs competitors
We also compared BYDFi with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
BYDFi received a score of 7.5/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- App data protection with 2FA
- Strategy sharing with Copy Trading
- Automated trading with bots
- Android app score 4.4
- No access to TradingView features
- No Face ID
- No standalone desktop access
Trading apps
BYDFi provides web and mobile apps for both Android and iOS users, with an average rating of 4.6 on the App Store and 4.4 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the BYDFi platform is for mobile use.
| BYDFi | Kraken | Coinbase | |
| 2FA | Yes | Yes | Yes |
| Face ID | No | No | No |
| Mob Indicators | Yes | Yes | Yes |
| Alerts | No | Yes | Yes |
| Advanced Orders | Yes | Yes | Yes |
| Trading with bots | Yes | No | No |
| API | Yes | Yes | Yes |
| Extra trading platforms | No | No | No |
Does BYDFi offer a desktop app?
No, BYDFi does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does BYDFi offer advanced charting with TradingView integration?
No, BYDFi does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Official site | https://www.bydfi.com/ |
|---|
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