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While the “F” in BYDFi stands for Financerepresents an individual making it a one-customer-friendly custodial exchange for everyone, anywhere around the globe.
BYDFiii: Getting Started with BYDFi
After a rebranding phase in January 2023, BYDFi adopted a new slogan "BUIDL Your Dream Finance". But what really is this “game-changer” cryptocurrency exchange about? What sets it apart from the everyday custom crypto exchange out there? Why should you try BYDFi? Ride with me as I introduce you to a pace-setter crypto exchange.
The catchphrase "BUIDL Your Dream Finance" uses the term “BUIDL” as an interesting word-play for “BUILD,” with BYDFi as a catch-all term for its new slogan.
BYDFi is a user-friendly centralized cryptocurrency contract trading platform for investors around the world. As a custodial exchange, it allows its users to deposit and trade using fiat currency or other cryptocurrencies, and also manages their accounts with digital assets, depending on a long-term/short-term basis. BYDFi is an exchange home to over 400 cryptocurrencies, providing its users (beginners and expert traders) with a pool of investment choices and opportunities.
Formerly known as “BitYard,” BYDFi officially launched its operations from Singapore on April 1, 2020. Having been named in the top ten best cryptocurrency exchanges for 2023 by Forbes Advisor in late 2022, it continues to be one of the world’s fastest-growing crypto exchanges today. Also, this year, BYDFi launched its mobile application, allowing its users to trade cryptocurrencies anytime, anywhere in the world.
How does one get started with BYDFi you may ask? First things first, through registration. In order to access the investment opportunities offered by BYDFi, every user must first create an account with the platform.
Registering an account with BYDFi is as easy as it gets. Users are required to provide their mobile contact details or email address in order to register an account. Owning a verifiable account enables users to facilitate transactions on the platform. The security and storage protocols on BYDFi are robust and rigorous in maintaining the platform’s integrity by keeping nefarious actors away.
In addition to staying true to its original meaning, the term BYDFi also inspires a community of individuals who believe in the future prospects of cryptocurrency to dream big and take action in realizing their dreams. While the “F” in BYDFi stands for Finance, the “i” represents an individual user, making it a one-customer-friendly exchange for everyone, anywhere around the globe.
Amazingly, BYDFi is 3 today! Arguably, it may seem a small feat as it has not been around for a long time, but it is worth noting that within this period (of providing financial services to its users), so many expectant budding exchanges have packed up even before they started. So yes, it’s worth the recognition and celebration!
Happy anniversary BYDFi!
Advanced Features and Crypto-related Services
As a beginner-friendly trading platform, BYDFi offers its users on all levels a variety of features as trading solutions through:
- Trading Spot
- Lite contracts
- Inverse perpetual contracts
- USDT perpetual contracts
- Affiliate Program
- Grid trading
- Copy-trading services
Despite the complexity of some of these features for beginners, BYDFi has simplified the entire process.
Users can navigate the platform’s interface with ease and with relatively low transaction fees on trades. For spot trading, BYDFi offers a relatively low transaction fee of around 0.1% to 0.3% of the transaction; and for conversion of other digital assets, it offers a charge rate of 0.1% to 0.15% depending on the choice cryptocurrency.
BYDFi as a unique contract exchange platform allows its growing users to withdraw up to 0.2 BTC daily without any hassle and need for KYC verification. BYDFi also facilitates a maximum leverage ratio of up to 150x for perpetual compared to other exchanges, which typically offer a maximum leverage ratio between 100x and 125x across the board.
These specialties and features are the reasons why BYDFi has become one of the fastest-growing exchanges around the globe.
As one of the many beneficial users of BYDFi, here’s my referral link on the platform: https://www.bydfi.com/en-US/account/register?ru=MxKX9A
The Future is Exciting!
Despite its shortcomings in comprehensive educational materials (which writing contests as these could aid as one of the proactive solutions to it), lack of phone customer support, and absence of crypto staking and lending protocols for investors; BYDFi as a beginner-friendly trading platform, continues to offer its users a variety of advanced features as a trading solution, thereby improving its crypto-related services.
This isn’t a small feat for a blossoming crypto exchange platform as it will only get better with time. It’s three years today, and the prospects of what is to come are already exciting as it expands its reach to every nook and cranny of the world, providing crypto-related financial services with ease.
To me and the myriad buzzing users of BYDFi, when we think ease in investment, we think BYDFi!
