BYDFi (BitYard) Cryptocurrency Exchange Review and Step-by-Step Guide
Date: 2023-09-20 Author: Dima Zakharov Categories: CRYPTO PAYMENTS, BUSINESS
Review of BYDFi (BitYard) Cryptocurrency Exchange: Features, Advantages, and Registration
Cryptocurrency exchanges are an integral part of the modern financial world. They provide investors and traders with the opportunity to buy, sell, and trade various cryptocurrencies. However, not all exchanges are equally reliable and user-friendly. In this review, we will take a closer look at BYDFi (formerly known as BitYard), a cryptocurrency exchange that deserves attention due to several of its features.
What Is BYDFi?
BYDFi (formerly known as BitYard) is a centralized trading platform for cryptocurrency operations. It was launched in 2019 and currently has over 500,000 registered users. One of the advantages of BYDFi is the ability to work on the exchange anonymously, which can be important for some traders.
The BYDFi team has also entered into partnerships with leading projects in the crypto space, including payment infrastructure provider Banxa, global payment system Mercuryo, cryptocurrency market data aggregator CoinMarketCap, and others. This strengthens trust in the exchange and confirms its serious intentions in the market.
Tools and Features
BYDFi offers a wide range of cryptocurrency assets for trading. Among them are well-known coins like Bitcoin, Ethereum, Litecoin, as well as numerous other altcoins. This allows traders to diversify their portfolios and choose assets according to their strategies.
The exchange's fees are also competitive. The standard fee for trading on the spot market ranges from 0.1% to 0.3%. The fee amount is automatically calculated based on the number of executed orders and the transaction fee rate. This allows traders to plan their trading operations accurately and avoid unexpected expenses.
BYDFi offers various markets, including the spot market, leveraged tokens, and perpetual investment instruments. This gives users a wide range of opportunities for cryptocurrency trading and investment.
Registration and Security
Registration on BYDFi is simple and fast. Users are offered the option to register via email address or mobile phone number. After providing the necessary information and confirmation, the user gains access to all platform features. This allows them to start trading almost instantly.
It's important to note that while BYDFi allows for anonymous trading, some operations and fund withdrawals may require identity verification. This is an additional security measure designed to protect the user's account.
BYDFi (BitYard) is an interesting cryptocurrency exchange with several advantages. Its wide selection of cryptocurrency assets, competitive fees, and user-friendly interface make it an attractive option for both beginners and experienced traders. The ability to work anonymously adds an extra plus in the eyes of many users. In any case, when choosing a cryptocurrency exchange, it's always important to conduct your own research and evaluate whether it meets your needs and goals.
