How to trade on the BYDFi exchange
With the arrival of a new administration in the White House, the cryptocurrency market has received an additional boost. As investor interest grows, market volatility has also increased. This highlights the need for effective risk management. The BYDFi platform can be a solution in this direction.
The BYDFi crypto exchange has been on the market since 2020. Previously, it was called BitYard, and after rebranding in 2023, the exchange received its current name. The platform is one of the most respected in its sector. In 2025, it took second place in the Forbes Advisor ranking. Its main advantages are the simplicity of the interface and the ability to automate trading strategies. This makes it particularly attractive to beginners.
One of BYDFi’s priorities is transparency. The exchange operates in strict compliance with regulatory requirements. It has licences from the governments of Australia, the US and Singapore. In addition, the platform is a member of the CODE VASP Alliance, created by a number of crypto exchanges from Korea. These include Korbit, Bithumb and Coinone. The organisation’s activities are focused on the following tasks:
– development of technological solutions to simplify industry operations;
– compliance services in accordance with FATF standards.
BYDFi implements a transparency policy under which the platform conducts regular Proof of Reserves audits. User assets are collateralised on a 1:1 basis.
How to work on the BYDFi exchange
The BYDFi platform offers a simplified registration process. To get started, it is enough to create an account without necessarily undergoing verification. At the same time, users are asked to undergo a Know Your Customer (KYC) process to prove their identity. This makes it easier to respond quickly to fraud and increases the overall security of the system.
In addition, without KYC, the user will not be able to withdraw more than USDT 50,000 per day. Exchange members also have access to two-factor authentication and additional account protection tools.
As for the activities of the exchange, the data for April 2025 are as follows:
– more than 1 million users worldwide;
– spot trading is carried out with 600 crypto-assets;
– futures contracts are offered with leverage up to 200x;
– bots that automate trading operations and copy-trading are available on the exchange.
For the convenience of users, the exchange offers several tools to make trading easier.
Popular strategies
The exchange offers users a wide range of options to implement different trading strategies, such as grid trading. This strategy is suitable for markets without a strong trend. The user selects a price range, and the bot does the rest.
The Martingale principle refers to high-risk strategies. Its essence is to increase the buying volume after each losing trade. This approach is used until the position becomes profitable. The strategy aims to buy assets when the price falls. This increases the probability of coming out ahead when the trend reverses.
