Centralized crypto exchanges have introduced various ways for anyone to generate profits from their crypto investments. However, most CEXs available today have limitations. Due to their strict policies, cryptocurrencies must undergo certain procedures to secure listing and crypto trading cannot surpass a certain leverage. Additionally, most CEXs have high fees compared to their decentralized counterpart. As a result, investors are on the lookout for CEX solutions that offer the benefits of decentralized exchanges. That is where BYDFi comes in.
Table of Contents
BYDFi combines the best features of centralized exchanges (CEXs) and decentralized exchanges (DEXs). It is a crypto exchange that offers a large basket of crypto assets with a significantly low fee. It also offers automated trading tools to make crypto traders navigate through the market seamlessly. This article dives into the details of the crypto exchange and its key features.
What is BYDFi?
BYDFi is a centralized crypto exchange that enables the buying, selling, holding, and trading of cryptocurrencies. Founded in 2020, the crypto exchange was initially known as BitYard before rebranding into BYDFi in January 2023. Its current name, BYDFi, stands for “BUIDL Your Dream Finance,” showing the platform’s commitment to bringing the best innovations from the crypto market to its users.
It currently boasts a user base above one million in over 190 countries. These users access BYDFi’s services via the mobile app (Android and iOS) or the desktop interface.
Unlike most CEXs, BYDFi adopts a no-KYC policy. This means that users do not need to undergo the Know Your Customer verification process where they submit their personal credentials to access the platform. This feature has likely drawn a significant number of the exchange’s user base. Still, users are mandated to complete the KYC process if they are to benefit from most of BYDFi’s top services.
Prioritizing security, BYDFi has rolled out various measures to protect users’ assets. For instance, the majority of users’ digital assets are stored offline. It also implements two-factor authentication (2FA) and multi-party approvals to fortify users’ account security. The company’s funds are also segregated from customers’ assets. In September 2025, BYDFi deployed an 800 BTC Protection Fund to protect users’ crypto holdings. According to the firm’s Proof of Reserve (PoR), users’ assets are backed over 1:1.
The crypto exchange is also known for its regulatory compliance with the United States’ and South Korean governments.
To grow its ecosystem, the crypto exchange has partnered with various entities, such as the English football club Newcastle United. BYDFi’s global presence once earned it a position among the top 10 crypto exchanges in Forbes’ ranking.
Why Choose BYDFi?
Here are the key features of BYDFi that have earned trust among 1M+ users globally:
MoonX
MoonX is BYDFi’s gateway into the memecoin market. Between 2024 and 2025, the memecoin market grew into a billion-dollar market, showing investors’ massive interest in joining the market. In April 2025, BYDFi debuted MoonX, a Web3 trading interface where users can trade their favorite memecoins available on Solana and BNB Chain.
MoonX currently offers over 500,000 meme token trading pairs. It combines the trading experience common to CEXs with the flexibility of DEXs to enhance memecoin trading for its users.
Spot trading
BYDFi’s spot trading ecosystem features over 1,000 cryptocurrencies. Notably, this figure is considerably smaller compared to competitor platforms like Coinbase and Kraken. But, what sets the crypto exchange apart is its listing flexibility and low fees.
Through the next 100X GEM, BYDFi allows users to access cryptocurrencies that cannot be purchased on other crypto exchanges, thanks to its ease of listing. Regarding its trading fees, the exchange offers a spot fee of 0.1%, which is lower than its competitors. This makes BYDFi a top choice for traders seeking maximum yield with low fees.
Perpetual trading
BYDFi offers over 500 crypto trading pairs in its perpetual futures market. The crypto exchange’s users can trade with a leverage of up to 200x, which is significantly higher than competitors offering leverages between 50x and 125x. This way, users can trade with as much leverage as they wish. It boasts a relatively cheap fee ranging between 0.02% and 0.06%. It also offers 24/7 customer support for perp traders.
Copy Trading
Copy trading enables a novice or inexperienced trader to copy the trading patterns of professionals to execute trades. BYDFi debuted copy trading in January 2025. Since then, the crypto exchange allowed traders to open trades with as little as $10 to copy the trading activities of experienced users. The crypto exchange implements proportional auto-follow orders with isolated positions to improve risk control for beginner traders.
BYDFi also offers a perpetual smart copy trading where beginner traders can follow the futures trading patterns of professional traders with proportional order sizing and isolated positions.
Demo Trading
BYDFi allows users to access demo trading, a simulated interface where they can practice trading activities until they master the tools. The crypto exchange offer traders 50,000 USDT before they commence trading with real money.
Trading Bots
BYDFi offers automated trading bots that makes users’ trading experience as seamless as possible. These tools include auto-invest, Martingale, and spot/futures grid. Each bot introduces a unique function to the trading experience. For instance, the Martingale strategy makes it possible to acquire a cryptocurrency through incremental purchases. This happens during periods of market declines. Using an automated bot increases a user’s chance of locking in profits.
Hardware wallet
In February 2025, BYDFi partnered with the hardware wallet provider Ledger to launch a dedicated hardware wallet for the BYDFi ecosystem. With this wallet, users can safekeep their crypto holdings offline, bolstering security.
BYDFi Card
In August 2025, BYDFi debuted a credit virtual card dubbed BYDFi Card. This virtual card is designed to make fiat payments seamless, the same way one would use a regular card powered by Visa or Mastercard to make payment for goods and services. Users can fund their accounts using USDT and spend anywhere they want.
Pros
- Competitive fees.
- Supports up to 200x leverage trading.
- User can access some services without undergoing KYC.
- It has automated trading tools to make trading experience more efficient.
Conclusion
BYDFI has taken the functionalities of centralized exchanges to the next level. Users no longer have to depend on crypto exchanges that offer trades at high fees. BYDFi allows users to seamlessly trade memecoins, trade on spot and futures markets, and utilize trading bots to make their trading experiences seamless.
usdt
bnb
