\nMulti-Currency Support<\/strong>: BYDFi supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, as well as fiat currencies such as USD and EUR. This allows users to trade across multiple markets and diversify their portfolios.<\/p>\n<\/li>\n\nIntuitive User Interface<\/strong>: BYDFi’s platform is designed to be accessible to both novice and experienced traders, with an intuitive user interface that makes it easy to navigate the platform and access the tools and resources needed to make informed trading decisions.<\/p>\n<\/li>\n\nAdvanced Trading Tools<\/strong>: BYDFi offers a range of advanced trading tools, such as charting and technical analysis tools, as well as market news and data feeds, to help users stay up-to-date with the latest market trends and developments.<\/p>\n<\/li>\n\nSocial Trading<\/strong>: BYDFi’s social trading feature allows users to follow and copy the trades of other successful traders. This makes it easier for novice traders to learn from experienced traders and potentially earn profits. It also enables experienced traders to earn additional income by sharing their trading strategies with other users.<\/p>\n<\/li>\n\nSpot Trading<\/strong>: BYDFi offers over 600 trading pairs for spot trading, allowing users to trade cryptocurrencies in real-time.<\/p>\n<\/li>\n\nCFDs<\/strong>: BYDFi offers up to 125x leverage on CFDs, which allows traders to take a position in the market without having to own the underlying asset.<\/p>\n<\/li>\n\nFiat Gateway<\/strong>: BYDFi offers a fiat gateway, which allows users to deposit and withdraw fiat currencies such as USD and EUR.<\/p>\n<\/li>\n\nFree Price Bot on Telegram<\/strong>: BYDFi offers a free price bot on Telegram, which provides users with real-time price updates and other important information about the cryptocurrency markets.<\/p>\n<\/li>\n\nAffiliate Program<\/strong>: BYDFi’s affiliate program offers up to 40% commission on trading fees, which allows affiliates to earn additional income by promoting BYDFi’s platform.<\/p>\n<\/li>\n\nMonthly Salary Partner Program<\/strong>: BYDFi’s monthly salary partner program allows partners to earn a monthly salary based on the trading volume of their referred users.<\/p>\n<\/li>\n\n24\/7 Online Support<\/strong>: BYDFi provides 24\/7 online support to help users with any questions or issues they may have while using the platform.<\/p>\n<\/li>\n<\/ul>\n[\/et_pb_text][et_pb_text _builder_version=”4.20.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]\nBydFi Trading Fee Overview <\/strong><\/h2>\nBYDFi has different fee structures for different types of trading on their platform. The following is a breakdown of BYDFi’s fee structure based on the information provided:<\/p>\n
Spot Trading:<\/strong><\/p>\nThe spot trading fees of BYDFi correspond to two different execution types: Maker and Taker. The maker fee ranges from 0.1% to 0.3%, while the taker fee also ranges from 0.1% to 0.3%. The transaction fee rate is based on the purchased cryptocurrency, and it can be found in the upper-right corner of the spot trading pair page. The maker\/taker fee will be charged separately. The formula for calculating spot transaction fee is filled order quantity x transaction fee rate. There is no trading fee for unfilled parts of orders or cancelled orders.<\/p>\n
Convert:<\/strong><\/p>\nThe transaction fee rate for converting is 0.1%\u20130.15%.<\/p>\n
Lite Contracts:<\/strong><\/p>\nThe current transaction fee rate for Lite Contracts is 0.05%, which is charged when opening and closing a position. For example, if a trader opens a long position with 100 USDT in BTCUSDT contracts at market price with leverage of 50X, the transaction fee would be 5 USDT.<\/p>\n
Perpetual Contracts (USDT-M & COIN-M):<\/strong><\/p>\nThe transaction fee rate for perpetual contracts (USDT-M & COIN-M) is 0.06% for Taker and 0.02% for Maker. The opening fee is calculated as fulfilled amount (coin) x entry price x transaction fee rate, while the closing fee is calculated as fulfilled amount (coin) x closing price x transaction fee rate. The fulfilled amount (coin) x entry price = fulfilled amount (USDT). Inverse perpetual contracts (COIN-M) have a contract multiplier of 1, and the opening and closing fees are calculated as (cont x contract multiplier \/ entry price) x transaction fee rate.<\/p>\n
Leveraged Tokens:<\/strong><\/p>\nThe transaction fee for leveraged tokens is charged separately when buying or selling (USDT), and the transaction fee rate is 0.2%. The management fee is charged daily at 00:00:00 (UTC+8) and will be reflected in the net asset value of the leveraged tokens.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=”4.20.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]\n
BydFi Deposit Fees<\/strong><\/h2>\nOne of the advantages of BYDFi is that it does not charge deposit fees, as long as you meet the minimum deposit requirement for the cryptocurrency you are depositing. This is a favorable feature that is gaining popularity in the crypto industry, as deposit fees can be costly and can diminish your trading capital before you even begin trading. With BYDFi’s free deposit feature, you can avoid these additional expenses.<\/span><\/p>\nBydFi Withdrawal Fees<\/strong><\/h2>\nIt is worth also noting that BYDFi does not charge any withdrawal fees, the only fee is the network fee itself, which varies depending on which network you use to withdraw. Before selecting a cryptocurrency exchange to trade with, it is crucial to comprehend the fees you will be required to pay. These fees can significantly affect your potential earnings, making it crucial to factor them in when deciding on a crypto exchange.<\/span><\/p>\n[\/et_pb_text][et_pb_text _builder_version=”4.20.0″ _module_preset=”default” custom_margin=”||1px|||” global_colors_info=”{}” theme_builder_area=”post_content”]\nBydFi Security Features<\/strong><\/h2>\nBYDFi delivers a high-level of security to users to protect personal information and user assets. BYDFi’s Security Features include:<\/p>\n
\n- Cold Storage<\/strong>: The vast majority of digital currencies held at BYDFi are stored offline in cold storage wallets. This means that these assets are not accessible via the internet, making them less susceptible to hacking attempts.<\/li>\n
- Multi-Party Approvals<\/strong>: BYDFi employs a multi-party approval process for transactions. This means that multiple people are required to authorize a transaction, making it more secure.<\/li>\n
- Segregated Accounts<\/strong>: Your money is held separately from BYDFi’s funds. Your crypto assets are kept in segregated cold storage wallets, which are not commingled with BYDFi’s own assets. This reduces the risk of loss or theft of your assets.<\/li>\n
- Strict Whitelisting<\/strong>: Transactions from BYDFi’s cold wallets are restricted to a whitelist. This means that withdrawals are only allowed to pre-approved addresses, preventing unauthorized withdrawals to any address BYDFi has not approved. This helps protect your assets from theft or unauthorized access.<\/li>\n
- Regular Stress Tests and Security Audits<\/strong>: BYDFi conducts regular stress tests and security audits to ensure compliance with the strictest security standards and provide global clients with top security protection.<\/li>\n
- Dual Authentication<\/strong>: BYDFi offers dual authentication (provided by Google Authenticator) or two-step verification to verify users’ identity in two different ways, which is more secure than traditional single-step verification (password protection) and prevents unauthorized access to accounts.<\/li>\n
- Advanced Distributed Cluster Architecture and Microservices<\/strong>: BYDFi’s trade aggregation engine is developed using an advanced distributed cluster architecture and microservices to minimize latency and increase order execution speed, capable of supporting over 1 million\/second concurrent trades, achieving unprecedented speed and reliability.<\/li>\n
- Kdb+ Programming Language<\/strong>: BYDFi’s trade aggregation engine is programmed in the kdb+ language, a toolset used by major financial institutions in their high-frequency trading programs.<\/li>\n
- High Industry Standards<\/strong>: BYDFi’s transaction aggregation engine has one of the highest industry standards in the online trading of blockchain assets, making it one of the most advanced, efficient, and stable transaction aggregation engines in the market.<\/li>\n
- Alibaba Cloud Tier 1 Security Service<\/strong>: BYDFi uses Alibaba Cloud (Ali Web Services) Tier 1 security service, which has a good reputation for physical security and internal control.<\/li>\n
- Hardware Security Module<\/strong>: The hardware security module meets the highest security level requirements of FIPS PUB 140-2 (Cryptographic Module Security Requirements) Level 3 or higher.<\/li>\n
- Encrypted SSL Protocol<\/strong>: BYDFi uses encrypted SSL protocol to encrypt and protect website traffic, ensuring passwords and sensitive data are processed by 512-bit encrypted hash (SHA512).<\/li>\n
- Cloudfare<\/strong>: Cloudfare is used to reduce potential DDoS attacks.<\/li>\n
- Regular Testing and IT Security Audits<\/strong>: The BYDFi technical team regularly tests and checks, conducts IT security audits and assessments, and is able to find new potential vulnerabilities at any time.<\/li>\n<\/ul>\n
In summary, BYDFi has implemented several security measures to safeguard the assets of its users. These security features help to reduce the risk of loss or theft of user assets, and ensure that users can trade with confidence on the platform.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=”4.20.0″ _module_preset=”default” custom_margin=”22px|||||” global_colors_info=”{}” theme_builder_area=”post_content”]\n
BydFi Customer Service<\/strong><\/h2>\nBYDFi takes customer service seriously and offers multiple options for customers to get in touch with their support team. They have a 24\/7 customer support service available through live chat and email support on their help center. Customers can reach out to them at any time of the day or night, and the supporting staff is known to be very responsive and patient, ensuring that any issues are resolved as quickly and efficiently as possible.<\/p>\n
In addition to traditional customer support channels, BYDFi also offers multiple communities on various social media platforms, including English, Vietnamese, Indonesian, and Philippines. This allows customers to connect with like-minded individuals and receive support from the wider BYDFi community. Customers can follow BydFi on Twitter, Youtube, Facebook, Instagram and Medium, staying up-to-date on the latest news and developments, and connecting with other traders and investors. BYDFi’s commitment to customer support ensures that users can trade with confidence, knowing that help is always available when needed.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”0px|||||” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"