⭐ Quick Verdict

Rating: 8.4 / 10

BYDFi has rapidly become one of the most compelling global crypto exchanges for everyday traders. With 1,000+ spot assets, 500+ perpetual futures markets, optional KYC, and advanced tools like copy trading and automated bots, it strikes a strong balance between accessibility, breadth, and functionality.

Its standout feature is its “dual-engine” model — a combination of easy centralized trading and optional on-chain access through MoonX, allowing users to trade trending tokens that aren’t yet available on major CEXs.

However, BYDFi isn’t fully licensed in many Tier-1 jurisdictions, and fiat banking options are limited. For institutional users or traders in heavily regulated markets, this may be a drawback.

For everyone else — especially retail traders across Africa, Asia, LATAM, and Europe — BYDFi offers one of the most polished, flexible experiences of any mid-tier exchange.

What Is BYDFi?

BYDFi (formerly BitYard) launched in 2020 and rebranded in 2023 with a mission to “Build Your Dream Finance.” Today it operates in more than 190+ countries, making it one of the most globally accessible crypto trading platforms.

Its core strengths include:

• Spot trading with 1,000+ listed assets
• Perpetual futures with leverage up to 200×
• Copy-trading marketplace
• Trading bots (Grid, Martingale, DCA, and Auto-Invest)
• Dual CEX + DEX access via MoonX
• Low minimum deposit (~$1)
• Clean, fast, beginner-friendly UI

BYDFi is strategically positioned between:

• MEXC/Gate.io → Exchanges with huge token selections
• Bybit/Binance → Exchanges with deep liquidity & institutional features
• Toobit/Bitunix → Exchanges offering optional KYC + simplicity

Its unique charm is that it offers all three categories in one platform.

Supported Regions & Regulatory Position

Supported in 190+ Countries

BYDFi serves a global retail audience with particularly strong adoption in:

• Africa (South Africa, Kenya, Nigeria, Ghana)
• Asia (Philippines, India, Vietnam, Pakistan)
• LATAM (Brazil, Colombia, Argentina)
• Middle East (Turkey, UAE, Saudi Arabia)
• Europe (except select restricted markets)

Its international accessibility is a major competitive advantage.

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Restricted or Limited Regions

BYDFi has restrictions in:

• United States
• United Kingdom (flagged as “unregulated” by UK-based guides)
• Singapore
• China
• Certain EU jurisdictions (depending on local rules)

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Regulatory Summary

BYDFi claims:

• MSB registrations
• Strong Proof-of-Reserves
• A security & insurance fund (800 BTC protection pool)

But lacks comprehensive Tier-1 licenses.

Bottom line:
Great accessibility for retail traders — but not the best fit for institutions that require top-tier compliance.

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KYC Requirements

BYDFi is highly flexible on verification.

No-KYC / Minimal-KYC

Users can:

✔ Sign up with email or phone
✔ Deposit crypto
✔ Trade spot
✔ Trade futures
✔ Use bots & copy trading

Full KYC required for:

✔ Larger withdrawals
✔ Fiat onboarding/offboarding
✔ Higher-tier accounts
✔ Institutional/business accounts

This makes BYDFi ideal for privacy-focused users and traders who value speed of access.

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BYDFi Trading Features

1. Spot Trading 

BYDFi’s spot exchange includes:

• 1,000+ assets
• Trading pairs in USDT, USDC, BTC, ETH
• TradingView-powered charts
• Clean, uncluttered UI
• Simple buy/sell panel for beginners
• Advanced depth chart & indicators for pros

BYDFi’s asset diversity rivals MEXC and Gate.io — making it a great choice for:

✔ Altcoin explorers
✔ AI/GameFi token hunters
✔ Micro-cap enthusiasts
✔ Trend-chasing traders

Liquidity on majors is strong; liquidity on small caps varies — as expected.

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2. Futures Trading 

BYDFi offers a substantial derivatives platform:

• 500+ perpetual markets
• Up to 200× leverage (on BTC/ETH)
• Cross-margin & isolated margin
• Deep charting tools
• Funding rate display
• Fast order execution

Its futures experience is competitive with platforms like Toobit and Bitunix, and simpler than the complexity of Bybit or Binance.

Great for intermediate traders.

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3. Copy Trading Marketplace

One of BYDFi’s biggest strengths.

Features include:

• Leaderboards with PnL, win-rate, drawdown, AUM
• “One-click copy”
• Adjustable parameters for:
• Allocation (SL/TP + Max-loss safeguards)
• History transparency of trader performance

Suitable for:

✔ Beginners
✔ Traders seeking diversification
✔ Passive-income strategies

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4. Trading Bots

BYDFi includes automated tools:

Grid Bots

Perfect for sideways markets.

DCA Bots

For long-term cost-averaging into assets.

Martingale Bots

High-risk, high-reward automation.

Auto-Invest

Scheduled portfolio strategies.

BYDFi’s bots rival:

• Bitget
• MEXC
• Binance’s basic bot suite

Perfect for beginners experimenting with automation.

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5. MoonX: On-Chain Trading 

A unique feature not commonly seen in mid-tier exchanges:

BYDFi + MoonX offers:

• On-chain trading
• Access to niche tokens on Solana, BNB Chain, Ethereum, Base.
• Aggregated liquidity from DEXs
• No custody required
• CEX + DEX hybrid model

This is a huge differentiator for:

✔ DeFi users
✔ Meme coin hunters
✔ On-chain degens
✔ Users wanting more than just CEX tools

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BYDFi Fees 

BYDFi is extremely competitive on fees.

Spot Fees

Among the lowest in the industry for retail users.

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Futures Fees

Matches competitors like:

• MEXC
• Toobit
• Bitunix
• Bybit (VIP tiers)

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Fiat Fees

• Crypto deposits: Free
• Fiat purchases: Vary by provider
• Bank withdrawals: Limited availability

Fiat access is BYDFi’s weakest point.

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Supported Assets & Markets

BYDFi supports:

• 1,000+ spot assets
• 500+ perpetual futures markets
• Leveraged tokens
• Stablecoins
• On-chain tokens via MoonX

This catalogue puts BYDFi on par with top altcoin exchanges.

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Security & Transparency

✔ Security Features:

• Cold storage reserves
• Multi-signature protection
• 2FA
• Anti-phishing tools
• Session/IP monitoring

✔ Transparency:

• Proof-of-Reserves system
• Claims 1:1+ reserve ratios
• 800 BTC “Security Fund”

✔ User Reviews:

• Trustpilot rating ~4.0/5
• Generally positive for Ease of use, Copy trading, and Asset availability
•  

Concerns:

• Not regulated in all jurisdictions
• Not suitable for institutions
• Fiat access weaker than major exchanges

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User Experience & Mobile App

Desktop/Web

• Clean interface
• Great for beginners
• Advanced tools hidden behind simple layouts
• Multilingual support

Mobile App

Available on:

• iOS
• Android

Features include:

• Spot & futures
• Copy trading
• Bots
• Notifications
• Fast execution

Customer Support

• 24/7 live chat
• Email
• Help centre with tutorials
• Telegram communities

Support quality is strong for a mid-tier exchange.

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BYDFi Pros & Cons

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BYDFi vs Competitors

BYDFi vs Bybit

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BYDFi vs MEXC

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BYDFi vs Toobit

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⭐ Final Rating: 8.4 / 10

Best For:

✔ Altcoin traders
✔ On-chain token hunters
✔ Privacy-first traders
✔ Beginners
✔ Copy-trading users
✔ Global retail traders

Not Ideal For:

✗ Institutions
✗ Traders needing heavy fiat banking
✗ U.S. & UK-based users
✗ High-volume futures pros needing deep liquidity

Overall:
BYDFi delivers a powerful blend of CEX convenience, DEX access, automation tools, massive token exposure, and optional KYC — making it one of the most well-rounded global exchanges for everyday traders in 2025.

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BYDFi FAQ 

Is BYDFi safe?
Yes — it provides PoR transparency, cold storage, and a security fund, but lacks Tier-1 licensing.

Does BYDFi require KYC?
No — basic trading and withdrawals are available without verification.

Is BYDFi regulated?
It has certain registrations but is not regulated in major markets like the UK or U.S.

How many assets does BYDFi offer?
More than 1,000 spot assets and 500+ perpetual markets.

Does BYDFi support copy trading?
Yes — one of the best beginner-friendly copy-trading systems.

Does BYDFi have trading bots?
Yes — grid bots, martingale bots, DCA bots, and auto-invest.

Get started on BYDFi.