BYDFi Review 2026 – Features, Fees & More

BYDFi Overview

BYDFi is an offshore crypto exchange that started in 2019 under the name BitYard. People choose it for three reasons. You can trade without an identity check. It lists 527+ spot coins, many of them small altcoins that the large exchanges do not carry. And its futures go up to 500x leverage. If none of the three matters to you, this review will not give you another reason to open an account.

The leverage figure needs context. Until 30 September 2026 the cap was 200x. BYDFi then raised it to 500x on BTC and ETH futures only, and called the change temporary. At 500x a price move of about 0.2% against you is enough to lose the whole margin. Positions are liquidated here as on every futures exchange, and market orders slip on thin order books.

The rest of the picture is weaker. BYDFi names no regulator that supervises it. In September 2026 it rebuilt its platform and, with that upgrade, dropped its trading API and its Proof of Reserves page. Spot order books are thin, fees come without discounts, and money leaves the exchange in crypto only. Our view is simple: BYDFi is a place to trade with money you can afford to lose. It is not a place to keep a balance.

BYDFi Pros & Cons

BYDFi Sign-up and KYC

You open an account with an email address and a password. BYDFi does not ask for identity documents. An unverified account can deposit crypto, trade spot and futures, and withdraw up to $50,000 a day.

Verification raises the daily limit to $500,000, and the next level raises it to $800,000.

Does BYDFi Require KYC?

No. You can register, deposit crypto, trade and withdraw without verifying your identity. This is the main reason people use BYDFi, and it comes with three limits.

First, buying crypto with a card or a bank transfer requires an identity check, either by the payment provider or by BYDFi.

Second, no KYC does not mean BYDFi is open to everyone. Its terms prohibit residents of the United States, Singapore, Hong Kong and a number of other countries. See the full list of BYDFi restricted countries.

Third, the terms allow BYDFi to suspend or restrict an account without giving a reason. Trading without KYC is the default setting. It is not a promise.

BYDFi Products and Services

BYDFi’s product list got shorter in September 2026. What remains is spot trading, perpetual futures, a convert tool, copy trading, two kinds of trading bot, an Earn product for futures balances and a demo mode.

BYDFi Trading

BYDFi offers spot markets and perpetual futures margined in USDT, in USDC or in the coin itself. There is no spot margin trading. Charts come from TradingView, and the order types cover limit, market and stop orders. The two markets are covered in detail under BYDFi Trading Platform below.

Mobile App

The app carries the same markets as the website. After the September 2026 upgrade, only version 4.0.1 or later can log in. Update the app before you depend on it in a fast market.

Copy Trading

Copy trading lets you mirror futures traders. BYDFi ranks them by return, profit and follower count, and it opens their trades in your account automatically. The lead trader takes a share of your profits.

Treat the leaderboard with caution. It shows past returns, and lead traders often reach those returns with high leverage. When a copied trade loses, the loss is yours in full.

Trading Bots

BYDFi has built-in bots: grid bots for spot and futures and a DCA bot for spot. They run around the clock with the settings you give them, and they pay the normal trading fees. A grid bot on a leveraged market can be liquidated like any other position.

There is no API since the September 2026 upgrade. You cannot connect your own bot or a third-party tool, so the built-in bots are all you get.

Buying Crypto with Fiat

You can buy crypto with a card, Apple Pay, Google Pay or a bank transfer. The purchase runs through third-party providers such as Transak, Banxa, Alchemy Pay, Coinify and Mercuryo. The provider sets the price and the fee, and it runs its own identity check. BYDFi advertises bank transfers with zero fees, so compare the quoted rate with the market price before you pay.

There is no way back into fiat. BYDFi does not pay out to a bank account or a card.

What the September 2026 Upgrade Changed

BYDFi suspended its services for a system upgrade in September 2026 and announced the end of it on 21 September. The new platform closely resembles the one MEXC runs. For users, several things changed:

• No API. The trading API is gone.
• No Proof of Reserves. The page that showed reserve ratios is gone. The site now only states that an “800 BTC Reserve Fund” exists.
• Fewer products. P2P trading, the BYDFi Card and the MoonX on-chain trading are no longer in the site’s menus. We checked on 7 October 2026.
• New deposit addresses. Every deposit address was replaced. BYDFi warns that a deposit sent to an old address can be delayed or lost.
• No old history. Deposits, withdrawals and trades from before the upgrade are not shown in the new account. You have to ask support for them.

Demo Trading

BYDFi runs a demo mode for perpetual futures on a separate demo site. The demo balance is separate from real assets. Use the pairs and features actually shown in demo mode rather than assuming the live futures catalogue, leverage limits or account functions all apply. BYDFi demo site.

BYDFi Supported Cryptocurrencies

The long coin list is the best argument for BYDFi’s spot market. It lists small and new tokens quickly. The price of that is thin order books on exactly those pairs, so check the spread before you send a market order. BYDFi also publishes risk warnings for weak tokens and removes markets from time to time. A coin you buy here can lose its market.

BYDFi lists 527 spot assets and 228 futures markets.

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BYDFi Trading Platform

BYDFi serves two kinds of trader: the one who wants an altcoin that is listed nowhere else, and the one who wants more leverage than a regulated exchange will give. Here is what each of them gets.

Spot Trading

The spot market lists 527+ cryptocurrencies. Fees are 0.1% for makers and 0.1% for takers. Charts come from TradingView. Order types include limit, market, stop limit, stop market and OCO.

The weak point is liquidity. Order books on most pairs are much thinner than on the leading exchanges. A market order of any size moves the price, and a stop order can fill well away from its trigger. Use limit orders.

Want to learn more about spot trading? Check out our BYDFi spot trading guide.

Futures Trading

BYDFi lists 228+ perpetual contracts with leverage of up to 500x. Fees are 0.02% for makers and 0.06% for takers.

The maximum applies to BTC and ETH futures only. BYDFi introduced it on 30 September 2026 as a temporary offer. Before that the cap was 200x. Other contracts keep lower caps, and the leverage you can actually select also depends on the size of your position.

High leverage does not change how futures work. BYDFi runs a liquidation engine like every other futures exchange. When it finished its upgrade on 21 September 2026, it told users that the engine had been restarted and that they should check their margin immediately. At 500x a move of about 0.2% against you ends the trade. Funding payments and fees shorten that distance further.

Slippage exists as well. Market and stop orders fill at the best available price. On a thin book, or in a fast market, that price can be far from the one you saw.

Order options include GTC, IOC and FOK as well as stop limit and stop market orders. Our BYDFi futures guide explains how to place a trade. If you are new to futures, start in the demo mode and compare other leverage trading exchanges before you use real money.

Read our BYDFi demo trading guide to get started.

Maximum leverage is 500×.

BYDFI Fees

BYDFi’s fees are easy to understand and not especially low.

BYDFi Trading Fees

Spot trading costs 0.1% for makers and 0.1% for takers. BYDFi publishes the rates on its fee page. There are no volume tiers and there is no exchange token that lowers the rate. The larger exchanges start at a similar headline rate and then cut it for active traders. On BYDFi an active spot trader keeps paying the full rate.

Futures cost 0.02% for makers and 0.06% for takers. The fee is charged when you open a position and again when you close it, and it is calculated on the full position size, not on your margin. With high leverage that matters. At 500x your margin is 0.2% of the position. With a taker fee of 0.06%, which is the rate in October 2026, opening and closing costs 0.12% of the position. That is 60% of the margin.

Deposits and Withdrawal Fees

Crypto deposits are free. For a crypto withdrawal you pay a fixed network fee per coin, which BYDFi shows on the withdrawal page before you confirm. For a purchase with a card or a bank transfer, the payment provider sets the fee and the exchange rate and shows both at checkout.

BYDFi advertises up to $8,100 in rewards for new users. Most of that amount is tied to deposit and trading-volume tasks, and bonus credit of this kind typically serves as margin and cannot be withdrawn. Read the conditions of each task before you chase it. Our BYDFi bonus page lists what is on offer.

BYDFi Security & Regulation

Account security is standard. You can set up two-factor authentication, a withdrawal address whitelist and a separate withdrawal password. These protect your login. They say nothing about what happens to the coins once they are on the exchange.

On custody you have to take BYDFi’s word. It says it keeps customer funds in cold storage, and its homepage points to an “800 BTC Reserve Fund” with “over 100% coverage”. Until September 2026 it published a Proof of Reserves page. That page is gone since the upgrade, so neither claim can be checked today. No hack of BYDFi is publicly known.

On regulation there is little to report. BYDFi’s website calls the exchange “Globally Certified” and names no regulator. It is not authorized under MiCA in the European Union. BYDFi has cited money services business registrations in the past. A registration of that kind is an anti-money-laundering record. It is not a license to offer leveraged derivatives, and it gives customers no protection if the exchange fails.

The terms of use are worth reading. They name BYDFi BLOCKCHAIN LTD as the operator. They are governed by the law of the US state of Colorado and send disputes to binding arbitration, and they list the United States among the prohibited countries. They also allow BYDFi to block or cancel a transaction and to suspend or close an account without notice and without giving a reason, and to suspend withdrawals while it resolves an incident on the platform.

In practice this means that nobody stands behind your balance. If BYDFi holds a withdrawal or shuts down, there is no deposit protection and no regulator to complain to. Keep on the exchange only what you are trading with, and withdraw the rest. You can also delete your account when you are done.

BYDFi Customer Support

BYDFi offers live chat around the clock and email support at cs@bydfi.com.

The hard cases are disputes. User reviews on Trustpilot include complaints about positions that were liquidated during site outages, slow order execution and withdrawals that were held. In its public replies BYDFi asks the user to contact support by chat or email. With no regulator and no ombudsman behind the exchange, support is the last stop for a complaint.

One change from the September 2026 upgrade affects support directly. Account history from before the upgrade is no longer shown in your account, so you need support to get old records. Export what you need while you can still see it.

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BYDFi Deposit Methods

There are two ways to fund a BYDFi account. You can send crypto from another wallet or exchange, which BYDFi does not charge for. Or you can buy crypto with a card, Apple Pay, Google Pay or a bank transfer through a third-party payment provider.

Every deposit address changed in the September 2026 upgrade. Do not reuse an address you saved before 21 September 2026. Open the deposit page and copy the current address each time. BYDFi warns that a deposit sent to an old address can be delayed or lost.

BYDFi Deposit Methods

CryptocurrenciesBank TransferSEPAApple PayGoogle PayTransakBanxaAlchemy PayCoinifyMercuryoCredit/Debit Card

BYDFi fiat deposit step-by-step guide

BYDFi Fiat Deposit

Choose the currency you want to pay with and enter the amount. This example buys 200 USDT with US dollars.

Select Payment Method

Next, select the payment channel. BYDFi offers several third-party providers, including Transak, Banxa, Alchemy Pay, Coinify and Mercuryo. Compare the amount of crypto each one quotes, because their fees differ.

Enter your card details and click “buy now”. The provider may ask you to verify your identity first.

The crypto usually arrives in your BYDFi wallet within a few minutes.

BYDFi crypto deposit step-by-step guide

BYDFi Crypto Deposits

To deposit crypto on BYDFi, you first generate a deposit address. Each network has its own address, and some networks require additional information such as a memo. Follow the steps below.

Step 1: Go to your Deposit Section

Head over to your spot wallet by hovering over “Assets” in the top right corner and selecting “Deposit.”

Step 2: Select the Asset

Choose the crypto asset you want to deposit. The search field filters the list of supported assets. When you find the asset, click “Deposit” on the right-hand side. This example uses USDT.

Step 3: Select Network

Select the network. This example uses BEP20, and the address it generates can only receive funds over BEP20. Click on “Network” to generate your address.

Step 4: Send Funds to your Address

Copy the address, or scan its QR code, in the wallet or exchange you are sending from. Send the funds to this address over the network you selected.

In this example the funds can only be sent over the BEP20 network. Select the same network in the sending wallet. Funds sent to the wrong address or over the wrong network can be lost for good.

BYDFi Withdrawal Methods

You can withdraw crypto and nothing else. BYDFi does not pay out fiat. To get money back to a bank account, you have to send the crypto to another exchange or service that does.

Each coin carries a fixed network fee, which is shown before you confirm. An unverified account can withdraw up to $50,000 a day.

Check our BYDFi withdrawal guide for more information.

BYDFi Withdrawal Methods

Cryptocurrencies

BYDFi Alternatives

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Bottom Line

BYDFi has three things going for it: no KYC, a long list of altcoins and very high leverage. The leverage now reaches 500x on BTC and ETH futures, for as long as the temporary offer lasts. If you want none of the three, there is no reason to choose BYDFi over a larger exchange.

Everything else is average or worse. Fees are flat and come without discounts. Spot liquidity is thin. Money leaves in crypto only. Since September 2026 there is no API and no Proof of Reserves, and BYDFi names no regulator that supervises it. Leverage this high mostly produces liquidations.

If you use BYDFi, use it for the trade and withdraw afterwards. If you want an exchange that you can also trust with a balance, look at the alternatives above.

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