Taking part in this contest, i somehow remember my first attempt with crypto currencies, Way back in . At that time, Cryptocurrencies where a bit technical to trade.
Looking at an exchange like BYDFI and all its features, one will realise that, what was obtainable then is a far cry from what we have now.
Crypto has greatly evolved and with it has come a lot of innovations which the likes of BYDFI has been in the fore front of, irrespective of the fact that they are new in the industry.
As an OG, I must say I have seen a lot in this field. A lot has come and gone. Crypto currencies and how they are been traded keeps getting better and better. With exchanges offering unique features and services not seen before.
Over the years, I have built on my experiences in the world of trading Cryptocurrencies. This has enabled me effectively trade the market and as well train a lot of people that wants to explore the Crypto space.
Coming from a country with one of the highest rate of crypto adoption and trades, according to statistics, I get a lot of enquiries about Cryptocurrencies and the best platforms to invest in. People would always want to leverage on one's knowledge of the market.
The market as it is, is filled with so many options. For one to answer this enquiries honestly, one will need to research and try out this options to see which one best suits the people.
Putting myself in their position, as a newbie, I would love some salient questions to be answered. There should be some qualities I would look out for from this exchanges. Another thing is to determine what unique features I would love to see in an exchange.
As an active trader, I have used and still using a lot of exchanges. When trying out an exchange, I know what to look out for. The good thing is, I have found BYDFI to tick almost all the boxes of what I need from a cryptocurrency exchange.
BYDFI, by the way, was launched in April . Then it used to be known as Bityard. As we all know, change is constant, and things keeps evolving in other to be more competetive. In other to reflect its new status as a top exchange, a lot of features was added and name changed to accommodate all of this.
The question now is, would I recommend BYDFI, as a crypto exchange, to anybody? Is it truly worth the hype? Well, let's see.
Going by the enquiries I get daily, what really makes a crypto exchange the right one? What determines if I should invest my money into it?
When we put into consideration the alarming rate of accounts being hacked in crypto , i want to see how serious an exchange pays to the security of my funds.
With BYDFI, upon registration, I am made to go through different layers of security. From the ability to use 2FA, I can still setup a password for my funds withdrawal. Added to this, you can also have an anti phising code setup as an extra security measure. This makes it quite assuring that to a large extent your funds are safe.
Transparency
A lot of exchanges are shrouded in secrecy, especially as regards transactions and fees. With BYDFI, everything is in the open.
Ease of use
I have a lot of newbies looking to on-board , so i would love a platform that is easy to use and quite intuitive. Using BYDFI makes one trading experience a breeze. A first timer would get used to it in 5 minutes or less.
KYC complaint
As a rule I will always prefer a crypto exchange that practices KYC protocol over those that don't. With the ever rising use case of crypto currencies, government has found it necessary to be involved more than ever. For fear of illegal use of these cryptos, it is required that users comply with KYC, especially if you are transacting over a certain threshold. This helps in cleansing the market and Ridding it off unwanted element. So kyc is key, and BYDFI has a provision for that.
Regulated
BYDFI is regulated by a host of countries, USA and Canada inclusive, this comes with all the assurance that you are trading with a company that plays by the rule.
Speed of transaction
BYDFI is reputed to have one of the fastest transaction speed in the cryptocurrency market. This speaks volume of the platform and how good they have built it to be.
Top ten exchange
The Icing on the cake is forbs recommendation of BYDFI as one of the 10 best crypto currency exchange in the world . When you put into consideration how big Forbs as an institution is, you would realise recommendations don't come bigger than that. It carries a lot of trustworthiness with it.
Aside all of this qualities, which BYDFI has in abundance, there are wonderful features which makes the platform number one choice for anyone, beginners and professionals alike.
Copy trading
To me as a crypto trader, one feature that has been a game Changer for me on this platform has been the copy trading. It makes trading easier than it would have been, especially to new traders.
With copy trading, members can copy the trading and style of an experienced trader and make profit if the trader is profiting. This helps to make people see that one does actually make money in crypto. It also helps people that have less time to partake in the market.
Low fees
Transaction fees on BYDFI is among the lowest in the market. This make trading attractive to traders.
Highest leverage
For so many into leverage trading, the BYDFI offers one of the best platform they can use to execute their trades. It should also be noted that BYDFI, at 150x, has one of the highest leverage in the market.
All of these features and more has made choosing BYDFI a no brainer. They say the taste of the pudding is in the eating. With my training platform, I would definitely be recommending and on boarding many to this crypto exchange and make them taste of its goodness.
The good thing is, this year marks three years of this great platforms existence. 3 years of constant innovation and goodness. At this point, suffice it to say, a very big happy Birthday to one of the best cryptocurrency exchange out there. More wins and greatness to come.
I would love to throw a big invitation to anyone out there that is looking for a unique exchange to invest in. You can use my referral link
https://www.bydfi.com/invite?ru=kaZhkg
