BYDFi vs Bybit: Why More Traders Are Choosing BYDFi for Perpetual Contracts

Choosing a trading platform is no longer just about low fees or fast execution. Traders today want a mix of safety, ease of use, and long-term performance. While many platforms compete in the same space, only a few truly stand out. Two names often compared are BYDFi and Bybit. Both offer advanced features and access to perpetual contracts. Yet, more traders are beginning to lean toward BYDFi. The reason? 

A combination of simplified access, reliable performance, and transparent systems. This article explains how BYDFi compares with Bybit in the ongoing BYDFi vs Bybit debate, and why the shift in user preference is happening.

What Is BYDFi?

BYDFi is a cryptocurrency exchange specializing in derivatives trading, particularly perpetual contracts. It allows traders to speculate on the price movements of cryptocurrencies without owning the underlying assets. The platform supports a wide range of coins, including major cryptocurrencies like Bitcoin and Ethereum, as well as many altcoins. BYDFi aims to serve both new and experienced traders by offering a balance of simple design and powerful trading tools.

Founded with a focus on transparency and user safety, BYDFi provides a modern trading experience designed to reduce common frustrations traders face on other platforms. Its growing user base reflects the increasing demand for accessible yet professional trading environments.

Key Features of BYDFi

Wide Range of Trading Pairs

One of BYDFi’s strengths is its support for a diverse selection of cryptocurrencies. It offers perpetual contracts on a large number of assets, including popular altcoins that are often missing from other derivatives platforms. This variety appeals to traders interested in emerging tokens and helps diversify their trading strategies.

Transparent and Competitive Fees

BYDFi uses a straightforward fee structure that is easy to understand. Traders can see exactly what they will pay based on their trading volume. The platform offers tiered discounts for high-volume traders, rewarding consistent activity with lower fees. Unlike some competitors, BYDFi avoids complicated maker-taker fee models, which can confuse beginners.

User-Friendly Interface

BYDFi’s design emphasizes simplicity without sacrificing functionality. The trading dashboard is clean and easy to navigate. Order placement and management tools are straightforward, making it easier for new traders to get started. Mobile users benefit from an optimized app that keeps the experience smooth on smaller screens.

Risk Management Tools

Managing risk is critical in crypto derivatives trading. BYDFi offers several features to help traders protect their positions. Stop-loss and take-profit orders are easy to set up. The platform also provides calculators to estimate position risks before entering trades. This encourages users to trade responsibly and avoid unexpected losses.

Responsive Customer Support

Customer support at BYDFi is available 24/7. Users can reach out via live chat or email and usually receive quick responses. The platform also maintains transparency by regularly updating users about system maintenance and new features. This helps build trust between the exchange and its community.

Why Traders Are Choosing BYDFi?

Several factors contribute to BYDFi’s growing popularity. First, its simple fee structure and transparent policies reduce confusion. Traders can plan their costs more accurately and avoid surprise fees.

Second, BYDFi’s emphasis on security reassures users in an industry where hacks are common. Knowing funds are protected and withdrawals monitored builds confidence.

Third, the platform’s interface appeals to both beginners and experienced traders who want fast, reliable execution without clutter. Many users appreciate how easy it is to manage trades and track performance.

Finally, BYDFi’s support for a wide range of cryptocurrencies attracts those interested in altcoins and emerging projects. This variety opens up new trading opportunities not found on all exchanges.

Core Values of BYDFi

BYDFi’s foundation is built on transparency, user empowerment, and innovation. The platform values simplicity and fairness in every aspect. It strives to provide traders with a clear and honest fee structure so that users know exactly what they pay.

Additionally, BYDFi promotes inclusivity by supporting a wide range of cryptocurrencies and accessible trading tools for users at all experience levels. Lastly, continuous improvement and customer support form the backbone of BYDFi’s mission, ensuring the platform evolves alongside its community’s needs.

BYDFi’s Evolution

BYDFi has experienced rapid growth since its launch in April 2020, quickly establishing itself in the cryptocurrency trading market. Just over a year later, in May 2021, BYDFi expanded its offerings to support more than 500 spot trading pairs, providing traders with a wide range of options. By August 2022, the platform introduced perpetual contract trading, featuring over 150 contract pairs and flexible leverage options ranging from 1x to 200x. This move significantly enhanced BYDFi’s appeal to derivatives traders seeking advanced trading tools.

In January 2023, BYDFi underwent a major transformation by rebranding from BitYard to its current name. This global brand upgrade was accompanied by listings on prominent crypto data platforms like CoinMarketCap and CoinGecko, helping the platform gain strong international visibility. The same year, BYDFi’s reputation soared further when Forbes ranked it among the world’s top 10 crypto exchanges, a prestigious position the platform continues to hold.

Continuing its commitment to security and transparency, BYDFi ensured that all platform assets were fully backed with at least 1:1 reserves by October 2024. The platform began publishing regular Proof of Reserves (POR) reports, setting a new benchmark for asset security in the industry. In November 2024, BYDFi joined the South Korea CODE VASP alliance, signaling its dedication to future regulatory compliance in a key global market.

Toward the end of 2024, BYDFi launched a major upgrade to its perpetual contract system. This included allowing new positions even without unrealized profits, introducing bidirectional long and short position support to enable effective hedging, and implementing shared account funds under full margin mode to reduce liquidation risks. Early in 2025, BYDFi partnered with Ledger, a leading hardware wallet manufacturer, to launch a co-branded wallet aimed at further strengthening asset security for users.

In April 2025, BYDFi launched MoonX, a Web3 on-chain trading tool designed for the growing Memecoin market. Supporting both Solana and BNB Chain ecosystems, MoonX represents a strategic upgrade that combines the efficiency of centralized exchanges with the freedom of decentralized platforms, ushering in a new era of dual-engine trading on BYDFi.

What Does BYDFi Offer?

1. Spot Trading

BYDFi provides access to over 700 cryptocurrency trading pairs. Traders can buy and sell popular coins like Bitcoin, Ethereum, Ripple, Dogecoin, along with a wide selection of altcoins. This vast variety gives users many opportunities to diversify their portfolios and capitalize on market trends across multiple tokens.

2. Perpetual Contracts

BYDFi supports more than 400 perpetual contract pairs, including both USDT-Margined (USDT-M) and Coin-Margined (Coin-M) futures contracts. Traders can check supported coins directly on the platform for each contract type. 

One of BYDFi’s standout features is offering leverage up to 200x on perpetual contracts. This level of leverage is higher than many competitors, where the maximum usually caps at 100x or 125x. This higher leverage provides traders with greater potential returns and more flexibility, though it also increases risk.

3. Recent Perpetual Trading Enhancements

BYDFi recently upgraded its perpetual trading system with several innovative features. These include allowing new positions even when there are unrealized profits, enabling advanced hedging by supporting both long and short positions, and introducing an automatic cross-margin mode that shares funds across positions. These improvements help traders manage risk more effectively while maximizing opportunities.

4. Copy Trading

BYDFi leads the industry by offering a robust copy trading feature. This allows users to automatically follow and replicate trades of experienced investors. The platform has lowered the minimum trading threshold to just $10, making it more accessible for beginners and smaller investors to enter the crypto market with limited funds.

5. Flexible Margin Options

Users can choose between isolated and cross margin modes according to their trading strategies. Isolated margin separates the margin for each position, helping to limit risk. Cross margin, on the other hand, shares margin across positions automatically, increasing capital efficiency and supporting complex trading strategies involving multiple assets.

6. Multi-Asset Contract Trading

BYDFi supports a broad range of cryptocurrencies for contract trading, including major coins like BTC, ETH, and XRP, along with trending Memecoins such as SOL and DOGE. The platform offers various leverage levels, catering to both new traders looking for smaller risks and professionals seeking higher exposure.

7. Transparent Fees and Advanced Trading Tools

BYDFi maintains a clear and fair fee structure with no hidden costs. Traders can easily monitor their transaction history, fees, and profits in real time. The platform also offers a comprehensive suite of trading tools, including detailed candlestick charts, real-time order placement, and multiple technical indicators. These features help traders develop and refine their strategies efficiently.

8. Flexible Deposits and Global Support

BYDFi supports multiple deposit methods and offers multi-language customer support worldwide, making the platform accessible to users from different regions and backgrounds.

9. Demo Trading

To help users practice without financial risk, BYDFi offers a demo account loaded with 50,000 USDT. This lets beginners familiarize themselves with the platform and test various strategies before committing real funds. Demo trading is an ideal learning tool for new traders to build confidence.

10. Trading Bots

BYDFi offers automated trading bots that assist users in executing strategies without constant monitoring. These bots are designed to optimize trading performance and reduce emotional decisions.

11. Spot Investment

Spot investment is available on over 100 trading pairs, providing high liquidity for quick and efficient trades. This option is ideal for traders who prefer buying and holding cryptocurrencies or executing fast spot market trades.

12. Grid Trading Strategies

• Spot Grid Trading: This strategy automates buying low and selling high within a set price range. By presetting conditions, traders can take advantage of market fluctuations without manual intervention, potentially increasing profits.
• Futures Grid Trading: Similar to spot grid, futures grid trading automates buying and selling contracts within a price range. The system buys more when prices fall and sells as prices rise. This approach helps reduce emotional trading mistakes like fear, greed, or impatience, promoting disciplined and rational decision-making.

13. Spot Martingale Strategy

BYDFi also supports the Spot Martingale strategy, which involves doubling down on losing positions to lower the average entry price. This approach aims to recover losses and achieve profits when the market reverses, but it requires careful risk management due to its aggressive nature.

Welcome Bonus at BYDFi: Kickstart Your Crypto Journey

BYDFi believes in making cryptocurrency trading simple and rewarding for everyone. To support new users, BYDFi offers a generous welcome bonus package worth up to 8,100 USDT. Signing up and completing easy tasks unlocks rewards that help you start trading with extra benefits.

How to Claim Your Welcome Bonus?

Getting started is quick and straightforward. All you need is an email address or phone number to register—no KYC verification required for most users (except those in South Korea). Once registered, you will receive a registration gift. Then, by completing simple security steps like enabling Google Two-Factor Authentication (2FA), setting up anti-phishing codes, and joining BYDFi’s community channels, you can earn additional rewards.

These beginner-friendly tasks also introduce you to BYDFi’s platform features while boosting your account security. Don’t miss out on this opportunity—register now and claim your welcome rewards!

No KYC Needed for Most Features

BYDFi allows users to access nearly all platform functions without completing KYC verification. This means you can start trading quickly and securely. However, withdrawal limits vary based on your verification status. If you don’t complete KYC, you can withdraw up to 1.5 BTC per day. Verified users enjoy a higher withdrawal limit of 6 BTC daily.

How to Get Started on BYDFi?

1: Create Your Account

• Visit BYDFi’s official website.
• Click the “Sign Up” button.
• Enter your email or phone number along with other required details to register.
• Confirm your email address to activate your account.

2: Enhance Account Security

• Log in to your new account.
• Go to the security settings.
• Enable Two-Factor Authentication (2FA) to add an extra layer of protection to your account.

3: Fund Your Account

You can add funds to your BYDFi wallet in two ways:

• Buy Crypto with Card: Link your credit or debit card to purchase crypto directly. Select your preferred payment method from the options available for your region.
• Transfer from Other Wallets: Send crypto from other exchanges or wallets to your BYDFi address. Always double-check the blockchain network to avoid irreversible mistakes.

Step # 4: Start Trading

Once your account is funded, explore various trading options. BYDFi supports Spot Trading, Futures Trading, Leveraged Tokens, and Trading Bots, with copy trading feature. The platform also offers Copy Trading, letting you follow and replicate trades from successful traders.

BYDFi Support and Community

Customer Support:
BYDFi offers 24/7 support through live chat and email. Get quick help anytime at cs@bydfi.com or via live chat on their website.

Communities:
BYDFi supports users in multiple languages, including English, Vietnamese, Indonesian, Philippines, Turkey, Russian, India, and Mandarin. Join discussions and updates on Twitter, YouTube, Facebook, LinkedIn, Medium, Instagram, and Discord.

Available Countries:
BYDFi serves users worldwide. Check our website for the full list of supported countries.

Other Contacts:

• Business Partnerships: BD@bydfi.com
• Media Inquiries: media@bydfi.com
• Media Kit: BYDFi Brand Resources