What is BYDFi<\/h2>\n
BYDFi is a cryptocurrency exchange launched in 2020 under the name BitYard. In January 2023 the team \u043f\u0440\u043e\u0432\u0435\u043b\u0430<\/a> a rebrand and introduced a new slogan: BUIDL Your Dream Finance (BYDFi).<\/p>\n \n\u00abBUIDL is a slang spelling of the word build, popular in the crypto community. It not only means creating something new, but also calls for active action. The letter F in BYDFi denotes Finance, and i symbolizes each individual\u00bb, \u2014 explain the platform\u2019s representatives.<\/em><\/cite><\/p><\/blockquote>\n In 2025 BYDFi took second place in Forbes Advisor\u2019s ranking of crypto exchanges and apps for beginners.<\/p>\n \n\u00abBYDFi is one of the few exchanges that complies with the rules of the financial industry and has licences in Australia, Singapore and the United States. Users interested in spot trading will like the low fees and a decent selection of popular cryptocurrencies\u00bb, \u2015 Forbes claims.<\/em><\/cite><\/p><\/blockquote>\n BYDFi is a member of the CODE VASP Alliance<\/a>, an organisation created by South Korean exchanges Bithumb, Coinone and Korbit. The alliance develops technological solutions and provides compliance services in accordance with the standards of the Financial Action Task Force (FATF).\n<\/p>\n The exchange provides proof of 1:1 backing of user assets by conducting regular Proof of Reserves<\/a> audits.<\/p>\n You can register on BYDFi via the \u0441\u0430\u0439\u0442<\/a> or the apps for Android<\/a> and iOS<\/a>.<\/p>\n Verification is not required for trading \u2014 it is enough to create an account and start immediately. However, the exchange recommends completing KYC<\/span> to confirm identity in case of suspicious activity, as well as to withdraw more than 50,000 USDT per day.<\/p>\n After registration the exchange suggests strengthening account security. Users can enable two-factor authentication (Passkey and Google Authenticator) and add extra protections (a withdrawal whitelist and an anti-phishing code).<\/p>\n Then you can proceed to trading. As of April 2025 the platform has more than 1 million users worldwide and offers:<\/p>\n Below are three popular strategies that automate trading and help minimise risk in a volatile market.<\/p>\n Grid trading is a strategy used in range-bound markets. The trader sets a price band within which a bot automatically places a grid of orders: buying assets at the lower levels and selling at the upper ones.<\/p>\n \n\u00abGrid trading is ideal for short-term trades during protracted consolidations in a bull market: narrow grids increase the frequency of trades, while wide ones maximise profit. This method removes the influence of emotions and does not require constant monitoring\u00bb, \u2014 BYDFi representatives comment.<\/em><\/cite><\/p><\/blockquote>\n To set up a grid bot, go to the \u00ab\u0422\u043e\u0440\u0433\u043e\u0432\u044b\u0435 \u0431\u043e\u0442\u044b\u00bb<\/a> section on BYDFi and choose \u201cSpot grid\u201d. After that you can set parameters:<\/p>\n Users can also choose \u201cAI Strategy\u201d, a function for automatically copying profitable strategies.<\/p>\n The Martingale principle is a high-risk trading strategy that involves increasing the purchase size after each losing trade until a winning one occurs. By buying assets on the way down, a trader lowers the average entry price and earns profit when the trend reverses.<\/p>\n \n\u00abMartingale makes it possible to accumulate assets at a reduced price and is ideal for traders with large capital. The undoubted advantage of the strategy is its simplicity\u00bb, \u2014 BYDFi representatives note.<\/em><\/cite><\/p><\/blockquote>\n To configure the strategy, select \u201cSpot Martingale\u201d in the \u00ab\u0422\u043e\u0440\u0433\u043e\u0432\u044b\u0435 \u0431\u043e\u0442\u044b\u00bb<\/a> section. Then set:<\/p>\n Long-term investors can use dollar-cost averaging (DCA), which involves gradually purchasing an asset in small portions to build a position.<\/p>\n \n\u00abDCA is one of the most popular and time-tested strategies in the crypto industry. It is ideal for long-term holders of bitcoin and other large cryptocurrencies. Investors do not need to wait for the \u201cperfect moment\u201d to enter a trade\u00bb, \u2014 BYDFi representatives comment.<\/em><\/cite><\/p><\/blockquote>\n The DCA bot is available on BYDFi under the name \u201cSpot investments\u201d in the \u00ab\u0422\u043e\u0440\u0433\u043e\u0432\u044b\u0435 \u0431\u043e\u0442\u044b\u00bb<\/a> section. To set it up you need to:<\/p>\n Beginners who do not want to deal with bot settings and tracking market trends can copy other traders\u2019 deals in the copy-trading section (\u00ab\u041a\u043e\u043f\u0438\u0440\u043e\u0432\u0430\u0442\u044c\u00bb<\/a>).<\/p>\n \n\u00abOur system copies trades automatically. Users do not need to analyse the market \u2014 it is enough to choose a trader based on his or her returns over the last period and risk tolerance\u00bb, \u2014 the exchange\u2019s representatives conclude.<\/em><\/cite><\/p><\/blockquote>\n![\"1-1486\"](\"https:\/\/forklog.com\/wp-content\/uploads\/1-1486-1024x534.png\")
Registration and trading on BYDFi<\/h2>\n
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Grid trading, Martingale, DCA<\/h2>\n
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![\"2-1053\"](\"https:\/\/forklog.com\/wp-content\/uploads\/2-1053-1024x467.png\")
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![\"3-593\"](\"https:\/\/forklog.com\/wp-content\/uploads\/3-593-1024x466.png\")
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![\"4-367\"](\"https:\/\/forklog.com\/wp-content\/uploads\/4-367-1024x463.png\")
Conclusions<\/h2>\n