Good day everybody,
Welcome to CryptoGod-1's blog on all things crypto. Today I will be submitting my entry for the #BYDFiii writing contest here on Publish0x, as part of the competition found here: https://www.publish0x.com/publish0x-contests/bydfiii-writing-contest-and-giveaway-1000-usdt-prize-pool-xgjrqzl
BYDFi
The go to trading platform for investors, BYDFi, formerly known as BitYard, allows users to explore the cryptocurrency market at the click of a button. This Singapore-based cryptocurrency exchange has been operational for just over three years now and they offer an advanced range of services and products. With over 400 different cryptocurrencies available for spot trading, users can easily diversify their portfolio thanks to BYDFi.
Considered a trading platform for investors, BYDFi wants to act as the journey towards a users destination. So many users get into crypto with the same goal - to make it big. BYDFi wants to be the platform users immediately think of and go to when embarking on this amazing journey. The platform itself is easy to use and navigate, meaning whether someone is advanced or a total notice at crypto, they will have an easy time finding their feet on BYDFi. The site is also available in a multitude of languages, with ten different options available currently.
Along with traditional spot trading, the platform also allows users to 'copy trade' other users on the site. This feature is done with a variety of options to investigate before deciding on your preferred trader to follow. Whether its looking at their Return on Investment or pure Win Rates, the site offers all this information gathered in nifty features which means you can always be comfortable knowing you are copy trading from the person you feel will help to generate the best level of profits.
Derivatives
Their derivatives market is also noteworthy, which includes USDT-M and USD Coin-M perpetual futures. Unlike most exchanges which are limited to a maximum of 125x leverage, BYDFi offers its users up to 150x leverage when trading. Users can therefore opener larger positions with a smaller amount of initial capital, although like any leveraged trading, the same risks of liquidation apply. However, for those who are confident in their leveraged trading ability on the derivatives market, then the opportunity to trade at up to 150x leverage is certainly a distinct advantage.
Their Lite Contracts as part of the derivatives were created with the idea of making simple and easy trading for beginners, with leverage trading up to 125x available in this feature. The layouts are user friendly with easy to read charts and a substantial amount of indicators to ensure traders can spot any potential reversals or changes to the market and get their trades in.
Fee Rates
In terms of fees, BYDFi offers attractive rates, especially when compared with other exchanges on the market. When considering the fees of other spot markets, BYDFi comes out on top in terms of the sheer volume of spot pairs available to trade, along with their minimal fee of just 0.1%.
When then considering the fees associated with derivatives, which can often be a stumbling point for users to understand, BYDFi is as competative as many of the other leading market makers available. Their trading fee of 0.06% is one of the best around, and as previously mentioned the ability to trade with 150x leverage gives them a distinct advantage over many other exchanges. Perhaps some of the more attractive benefits are the fact a user does not require KYC to trade derivatives on BYDFi, while also having over 150 contract pairs to choose from.
Payment Options
As a globally recognised platform, BYDFi has ensured to be as accessible as possible for all types of users. There are over 100 different fiat currencies and gateways to ensure whatever part of the world you are trading from there is an option for you. On top of that, they have created partnerships with a variety of top payment platforms, which include BANXA, Xanpool, Transak, Mercuryo, and Coinify. This allows for a wider global payment option and means that no traders should feel excluded as there should always be an option for getting their fiat on, and off, of the platform.
Recognition
They were also awarded as one of the top ten exchanges in 2023 as part of the Forbes' list of top cryptocurrency exchanges. It is an excellent achievement and very prestigious awards for any cryptocurrency exchange to be recognised in such a way. They received a total of 4.6 out of five stars as part of the review.
Happy Birthday BYDFi
Happy 3rd anniversary to BYDFi, and congratulations on making it this far. Having originally launched as BitYard back on the 1st of April 2020, it has been a long and adventurous journey so far. They have rebranded in January 2023 as Build Your Dream Finance, or BYDFi, and will be the go to exchange for cryptocurrency users to achieve their goals and wishes within the space. Looking forward to celebrating many more birthdays with BYDFi.
There is no 'i' in team, but there is in BYDFi, because the “i” stands for each individual person and user.
BYDFi Referral Link
Below you can find a copy of my referral link to the BYDFi exchange, where users can sign up and launch themselves into a crypto adventure of their very own.
https://www.bydfi.com/invite?ru=niMnWt
You can also find my post for the previous competition on Publish0x thanks to BYDFi (at the time BitYard) here: https://www.publish0x.com/cryptogod-1/what-lies-ahead-crypto-in-2022-xqmpepg
As a crypto trader, whether you're looking for a reliable, easy to navigate, and secure platform for trading cryptocurrencies, or a high range of available cryptocurrencies available with high leverage options, then BYDFi is the place to be for you and I.
Have a great day.
Peace. CryptoGod-1.
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