BUIDL Your Dream Finance with BYDFi’s Trading Tools

BYDFi is a one-stop social trading platform for individual investors. BYDFi has been offering professional, convenient, and innovative trading solutions to global users since 2020, including spot trading, perpetual contracts, spot investment, martingale, and spot/future grid. With the slogan “BUIDL Your Dream Finance” takes cryptocurrency trading to a whole new level. The platform aspires to empower users with full autonomy and leave a lasting mark on the evolution of the industry.

BYDFi was officially launched in 2020 under the name BitYard and was active in cryptocurrency market for nearly three years. In response to changes in the encryption market, it was renamed BYDFi in January 2023. The platform creates a vibrant trading environment by connecting traders, copy traders, project teams, media, and communities, making it suitable for both beginners and experienced professionals. 

BYDFi’s Core Value

 BYDFi, rebranded from BitYard, stands for “BUIDL Your Dream Finance”. BUIDL is a slang term for build that is popular in the cryptocurrency community. But in addition to its original meaning, this word also encourages people who believe in the future of cryptocurrency to take action to achieve their dreams. While the “F” in BYDFi stands for Finance, the “i” symbolizes each individual user. BYDFi envisions a future where cryptocurrencies expand beyond trends like NFTs, Metaverse, and GameFi, embracing broader applications. This rebranding reflected BYDFi’s commitment to its users and its mission to shape the future of the crypto market through innovation.

 Key Highlights

• BYDFi offers spot trading for over 600 cryptocurrencies, as well as flexible leverage trading ranging from 1x to 200x.
• Multiple payment options are supported, including credit cards, debit cards, bank transfers, and third-party payment providers such as Apple Pay, Google Pay, Banxa, Transak, and Mercuryo.
• The platform offers features such as spot trading, perpetual futures, automated trading tools, and simulated trading.
• Launched the leading copy trading feature. It allows users to easily follow more professional crypto traders.
• Provides a transparent and competitive fee structure.
• Security measures such as offline deep cold wallet storage, multisignature technology, high-performance trading engine architecture, and AWS cloud services.

BYDFi Features

 In 2023, BYDFi was recognized by Forbes as one of the top ten best cryptocurrency exchanges. This was a significant achievement for the crypto exchange which was launched only in 2020. It rapidly became a popular destination for traders. This recognition was a testament to the exchange’s commitment to providing a secure, reliable, and innovative trading experience for its users.

1. Extensive cryptocurrency selection: BYDFi offers 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 check supported coins here.

2. High leverage trading: This is what sets BYDFi apart from other exchanges where the maximum leverage for perpetual contracts are typically 100x or 125x. BYDFi offers up to 200x leverage.

3. Spot trading:

• • Offer 600+ crypto trading pairs.
  • Trade popular coins such as Bitcoin, Ethereum, Ripple, Dogecoin, and altcoins.

4. Perpetual contract:

• •   Includes USDT-M and Coin-M perpetual futures. Check supported coins here(USDT-M) and here(Coin-M).
  •   Provides up to 200x leverage for higher potential returns and flexibility.

5. Demo trading:

• •   Offers a demo account with $100,000 in virtual USDT for risk-free trading practice.
  •   Helps users test strategies and get familiar with the platform, ideal for beginners.

6. Spot investment:

• •   Available for more than 100 trading pairs.
  •   Provides high liquidity, allowing for quick and efficient trades.

7. Spot/Futures grid:

• •   BYDFi’s Spot grid trading automates buying low and selling high within a defined price range, using preset conditions to capitalize on market fluctuations for profit.
  •   Futures grid trading strategy automates long or short contract trading within a defined price range, buying more when prices drop and selling when they rise for profit.
  •   Futures grid trading allows for rational trading by automatically executing buy/sell orders within a set price range, eliminating emotional decisions, and reducing losses from FOMO, FUD, greed, and expectations.

8. Coin list

• •   Allow users to organize and track their favorite cryptocurrencies.
  •   Share the crypto you are interested in with other investors.

9. Fiat gateway:

• •   User-friendly deposit options for new traders
  •   Deposit options include credit/debit cards and bank transfers
  •   Support for over 100 currencies
  •   Partnerships with BANXA, Alchemy Pay, Transak, Mercuryo, and Coinify for comprehensive coverage of payment options globally

10. Security:

• •   BYDFi has US and Canada MSB dual licenses.
  •   Personal data protection via Onfido KYC system
  •   The vast majority of digital currencies are stored offline in cold storage wallets.
  •   Requires multiple approvals for transactions.
  •   Maintains segregated accounts to keep user funds separate from company funds.
  •   Enforces strict whitelisting to prevent unauthorized withdrawals.

Welcome Reward

BYDFi offers a welcoming package for new users, including a registration gift. Simple tasks like setting up Google two-factor authentication, configuring anti-phishing codes, and joining the community unlock additional rewards, helping newcomers get comfortable with the platform. These tasks are easy to do and will help you get familiar with our platform, while also earning you rewards.

Affiliate Program

BYDFi offers an attractive affiliate program designed to maximize earning potential for its users. Through a dedicated Affiliate Center, you can track all referral details and earnings with ease. The program features a lifetime rebate system, meaning you earn commissions from users who sign up via your link forever—no time limits. Commissions are settled in real-time, instantly reflecting in your account after a referral completes a trade, eliminating long waits. You can create up to 100 unique referral links, allowing you to monitor registered users, deposit amounts, and trading volumes across different promotion channels, ensuring efficient tracking and optimization of your efforts.

How to get started with BYDFi?

1. Create Your Account

• Visit the BYDFi website and Click on the “Sign Up” button and fill in the required information to create your account.
• Verify your email address to complete the registration process.

2. Set Up Two-Factor Authentication (2FA)

•  Log in to your new account and navigate to the security settings and enable Two-Factor Authentication (2FA) for added security.
•   Follow the prompts to link your account with a 2FA app (like Google Authenticator) and secure your account.

3. Get Your UID

•   Visit your account
•   Copy your UID and send it to your BD Manager

4. Get Your Referral Link

•   Visit the affiliate center within your account dashboard.
•   Generate your unique referral link.
•   This link allows you to earn commissions through the Two-Way Commission and Link Discount Rate features, helping you boost your income.

5. Add Your Referral Link to Video Descriptions

•   Make sure to add your BYDFi referral link to the first line in the description of any related content you share. This will help you maximize your earnings.

6. Follow the BYDFi Twitter Page

•   From your main account, follow the BYDFi Twitter page to stay updated on the latest news, promotions, and features.
•   Engage with the content and be part of the community for additional benefits and insights.

By following these steps, you’ll be set up to take full advantage of your account’s features and start earning with the referral program.

Community Engagement

BYDFi connects users globally with support in languages like English, Vietnamese, Indonesian, Filipino, Turkish, Russian, Indian, and Mandarin. Stay engaged through social media on Twitter, YouTube, Facebook, LinkedIn, Medium, Instagram, and Discord. In extension, BYDFi offers 24/7 customer support via live chat and email ([email protected]), ensuring users get help whenever needed.

Conclusion

BYDFi offers a versatile and accessible platform for crypto enthusiasts, from beginners to seasoned traders, with a wide range of trading options, robust security, and a supportive community. Whether you’re looking to explore over 600 cryptocurrencies, practice with a demo account, or earn through its affiliate program, BYDFi makes crypto trading approachable and rewarding