BYDFi: The Leading Alternative to Bybit for Crypto Traders in 2025

BYDFi, a rapidly growing cryptocurrency trading platform, has positioned itself as the leading alternative to Bybit for Crypto Traders in 2025. Offering a wide range of cryptocurrencies, with over 600 assets and 800 trading pairs, providing ample choices for traders. This review explores how BYDFi is redefining crypto trading and why it’s the platform of choice for traders worldwide.

In 2025, cryptocurrency trading is more accessible and competitive than ever. With numerous platforms available, it’s essential to choose one that combines user-friendly features, high leverage options, and robust security. BYDFi, a rebranded platform that emerged from BitYard in 2023, is gaining momentum as a leading alternative to Bybit.

BYDFi offers a wide range of cryptocurrencies, with over 600 assets and 800 trading pairs, providing ample choices for traders. The platform also supports up to 200x leverage on derivatives, which creates opportunities for high-risk, high-reward trading strategies. The mobile app itself features an intuitive, simple design that caters to beginners, while still offering advanced tools for experienced traders, making it a versatile option for all levels of crypto enthusiasts. 

To ensure security, BYDFi integrates robust measures such as 2FA, cold wallet storage, and Proof of Reserves, which help maintain a high level of protection for user funds. The platform offers competitive fees across both spot and derivative trading, with a transparent fee model that makes it easy for users to understand the costs involved. However, one drawback is that BYDFi relies on third-party payment providers for fiat-to-crypto transactions, which may be inconvenient for some users. Additionally, the platform holds MSB licenses in the U.S. and Canada, ensuring that it adheres to KYC/AML compliance. Notably, users can withdraw up to 5,000 USDT daily without completing full KYC verification, providing flexibility for those looking for a less cumbersome process.

But what makes BYDFi stand out from the rest, and why are traders flocking to it? Let’s take a deep dive into BYDFi’s features and why it might be the best alternative to Bybit for crypto traders.

What is BYDFi?

BYDFi, originally launched as BitYard in 2020, rebranded in January 2023 to better align with its vision of shaping the future of cryptocurrency trading. As the platform expands its offerings and features, it has become a serious contender in the competitive crypto exchange market. 

The platform’s core value is captured in its slogan “BUIDL Your Dream Finance”, a term popular in the cryptocurrency community that encourages users to take action to achieve their financial dreams through the world of crypto trading.

The platform offers:

• Spot Trading: BYDFi offers 600+ cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and many altcoins, with competitive fees and high liquidity, making it ideal for various trading needs.
• Perpetual Contracts: BYDFi allows up to 200x leverage on perpetual contracts, offering greater flexibility and higher potential returns than many other exchanges, which typically offer up to 100x leverage.
• Demo Trading: BYDFi provides a demo trading feature with 100k USDT, allowing users to practice without risk. It’s a great way for beginners to get familiar with the platform and trading strategies.
• Spot Investment: Spot trading on BYDFi supports 100+ trading pairs, offering high liquidity for quick, efficient trades.
• Spot/Futures Grid Trading: Spot grid trading automates buying low and selling high within a set price range, while futures grid trading does the same for contracts, reducing emotional decisions and maximising profits.
• Coin List: BYDFi’s Coin List allows users to track and share their favourite cryptocurrencies, facilitating interaction within the crypto community.
• Fiat Gateway: BYDFi supports credit/debit cards, bank transfers, and services like Apple Pay and Google Pay, with over 100 currencies supported, making it accessible to global users.
• Security Features: BYDFi ensures security with cold storage for assets, multi-party approvals, segregated accounts, and whitelisting of withdrawal addresses to protect users’ funds.
• Welcome Reward Program: New users can earn rewards for completing simple tasks like KYC verification and setting up two-factor authentication, helping them get started and familiarise themselves with the platform.

The Mobile App Experience

BYDFi’s mobile app is designed to offer users a seamless and intuitive experience across both Android and iOS platforms. With 4.8 stars on the App Store and 4.2 stars on Google Play, the app has garnered praise for its clean interface and smooth functionality. The app’s design ensures easy navigation, allowing traders to perform tasks like buying, selling, and tracking portfolios without hassle. Let’s explore the app’s features and how it fares in real-world trading scenarios.

User Interface & Navigation

The mobile app is designed with simplicity in mind. When you first open the app, you’re greeted with an easy-to-navigate dashboard that offers quick access to spot trading, derivatives, and copy trading. The app’s design ensures that even novice users won’t feel overwhelmed by complex tools, while still offering advanced charting and technical indicators for professional traders.

Key features include:

• Easy Switching: The app allows users to toggle between demo and live trading, giving beginners a risk-free environment to practice.
• Responsive Interface: The mobile platform is fast and responsive, with little lag during market volatility.
• Trade History & Portfolio Management: Users can quickly view their trade history and manage portfolios with a glance at their gains or losses.

However, there are some usability issues that beginners might encounter. For instance, the spot trading pair selector can be challenging to locate for newcomers, and the lack of basic/pro modes might leave some users wishing for a more tailored experience.

Pros and Cons of BYDFi

Pros:

• Competitive fees with 0.1% spot trading and low derivative fees.
• Up to 200x leverage for derivatives, making it ideal for high-risk traders.
  
• User-friendly mobile app with intuitive navigation and demo trading features.
  
• Strong security protocols, including cold storage, multi-signature access, and 2FA.
  
• Copy trading feature ideal for beginners looking to follow experienced traders.
  
• Global availability, serving users in over 150 countries. 

Cons:

• No fiat deposits or withdrawals directly on the platform; third-party payment providers are used.
  
• Limited passive income options, such as staking and lending.
  
• Low liquidity compared to larger exchanges like Binance and Coinbase.
  
• No native token or fee discount system, which could benefit regular users.
  
• Customer support delays and occasional withdrawal issues.

Why is BYDFi a top choice for crypto traders?

High Leverage Options: Offering up to 200x leverage for perpetual contracts is a major draw for traders looking to maximise their potential returns. This feature is particularly attractive for professional traders who want to take higher risks for higher rewards.

Top-tier Security Measures: The app employs robust security protocols, including cold storage for assets and multi-party transaction approvals, ensuring a safer trading environment.

User Incentives: New users can take advantage of BYDFi’s Welcome Reward program, which provides bonuses for completing basic tasks, such as verifying KYC or enabling two-factor authentication. This is a great way to ease new traders into the world of cryptocurrency.

Wide Range of Supported Coins: With more than 600 cryptocurrencies available for trading, BYDFi gives traders access to a diverse array of tokens, including some that may not be available on other platforms.

What makes BYDFi the leading alternative to Bybit?

For many traders, the Best Mobile App for Crypto Traders must offer both flexibility and scalability. BYDFi has positioned itself as a serious competitor to Bybit, one of the biggest names in crypto trading. With its unique offerings, such as higher leverage and a more user-friendly interface, it provides a leading alternative to Bybit.

The BYDFi platform is well-suited for both beginners and professional traders, thanks to its combination of copy trading, high leverage options, and low fees. Furthermore, the security measures and global payment options are designed to meet the needs of diverse traders, which makes BYDFi an appealing choice for anyone serious about their crypto journey.

Key features of BYDFi 

• Forbes Recognition: BYDFi has been recognised by Forbes as one of the top ten best cryptocurrency exchanges in 2023. This achievement highlights BYDFi’s rapid rise since its launch in 2020 and its commitment to providing a secure, reliable, and innovative trading experience. The recognition solidifies BYDFi as a top destination for traders in the crypto space.
• 600+ Cryptocurrencies Available: BYDFi offers over 600 cryptocurrencies for trading, including popular ones like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), and Shiba Inu (SHIB). The platform also provides access to unique coins that may not be available on other exchanges, offering traders the opportunity to discover new investment opportunities.
• 200x Leverage: BYDFi stands out from other exchanges by offering up to 200x leverage on perpetual contracts, compared to the typical 100x or 125x leverage offered by competitors. This higher leverage gives traders the potential for greater returns, making BYDFi an attractive platform for professional traders looking to maximise their positions.

BYDFi offers a transparent and competitive fee structure, with low costs on spot trading, derivatives, and leveraged tokens:

BYDFi’s spot trading fees are competitive and low, with rates ranging from 0.1% to 0.3%. Perpetual contracts have a maker fee of 0.02% and a taker fee of 0.06%, which is better than many platforms that charge higher fees. Lite contracts offer a cheaper option for users seeking lower fees.

In terms of withdrawals, BYDFi charges network-based fees, which vary depending on the asset and blockchain network. For instance, USDT on Ethereum costs up to 5 USDT per withdrawal, while Polygon withdrawals cost less.

Security measures at BYDFi

Security is a key concern for any crypto exchange, and BYDFi has implemented several layers of protection to ensure that user funds and data remain safe:

• Two-Factor Authentication (2FA): Provides an added layer of security, ensuring that users’ accounts are protected against unauthorised access.
• Cold Wallet Storage: All user assets are stored offline, reducing the risk of hacking.
• Proof of Reserves: BYDFi has a 100% reserve ratio for BTC, ETH, and USDT, ensuring transparency regarding the platform’s assets.
• Multi-Signature Access: Funds cannot be accessed by a single password, requiring multiple keys for withdrawal, adding another layer of protection.
• No Cloud-Based Key Storage: Private keys are never stored on the cloud, further reducing the risk of hacks.

While BYDFi employs these best practices, there is room for improvement in terms of third-party audits and bug bounty programs. The platform’s security practices are solid but would benefit from more frequent audits to ensure trustworthiness, especially given its relatively short history.

Cybersecurity measures

BYDFi employs a solid set of cybersecurity measures designed to protect user accounts and assets. These include:

• Cold Wallet Storage: Ensures that the majority of funds are stored offline, making them less susceptible to hacking.
• SSL Encryption: Protects data transmission between users and the platform.
• Two-Factor Authentication (2FA): Provides an additional layer of security during account login and transactions.
• Multi-Biometric Authentication (MBA): Adds extra security for users who opt for fingerprint scanning or facial recognition.

While these security features are commendable, BYDFi lacks a bug bounty program, a practice that many exchanges use to reward external security experts for discovering vulnerabilities. The lack of this proactive security approach could leave the platform exposed to security risks in the future.

How to open an account at BYDFi

Here are the steps to start earning with BYDFi’s referral program and take full advantage of its features:

• Visit the BYDFi website and click on the “Sign Up” button.
• Fill in the required information and verify your email address to complete the registration.
• Log in to your account and go to the security settings to enable Two-Factor Authentication (2FA) for enhanced security.
• Link your account with a 2FA app like Google Authenticator.
• Visit your account dashboard and copy your UID.
• Send it to your BD Manager for further steps.
• In the Affiliate Center, generate your unique referral link.
• This link helps you earn commissions through the Two-Way Commission and Link Discount Rate features.
• Copy your referral link and add it to the first line of the description in any related content you share. This is essential for tracking referrals and maximising your earnings.
• Follow the BYDFi Twitter page to stay updated on news, promotions, and features.
• Engage with the content to gain additional benefits and insights.

Affiliate program at BYDFi

The BYDFi Affiliate Program offers a Dedicated Affiliate Centre where users can view all details about their referrals and earnings. Once a user signs up using your referral link, you’ll earn a lifetime rebate, meaning you will receive commissions as long as they continue to trade, not limited to 3 months or 1 year. 

The program also features real-time settlement commissions, so you don’t have to wait for days or weeks to see your earnings; they’re reflected in your account immediately after a referral completes a trade. Additionally, you can create up to 100 unique referral links within the Affiliate Centre, allowing you to track registered users, their deposit amounts, and trading volumes. This helps you efficiently monitor and evaluate the success of various promotion channels.

For further details, visit the BYDFi Affiliate Dashboard.

Pallavi Singal

Pallavi Singal is the Vice President of Content at ztudium, where she leads innovative content strategies and oversees the development of high-impact editorial initiatives. With a strong background in digital media and a passion for storytelling, Pallavi plays a pivotal role in scaling the content operations for ztudium’s platforms, including Businessabc, Citiesabc, and IntelligentHQ, Wisdomia.ai, MStores, and many others. Her expertise spans content creation, SEO, and digital marketing, driving engagement and growth across multiple channels. Pallavi’s work is characterised by a keen insight into emerging trends in business, technologies like AI, blockchain, metaverse and others, and society, making her a trusted voice in the industry.