Why BYDFi is the perfect first exchange for new crypto traders

Did you know that over 1 million traders worldwide have already chosen BYDFi to start their crypto journey? This low-fee exchange for newcomers is winning over beginners with its clean interface, smart trading tools and transparent fee structure.

In this press release, we’ll explore why BYDFi is quickly becoming the go-to platform for first-time traders and how its features can help you step into crypto with confidence.

Founded in 2020, BYDFi is not just another fluff exchange – it's a movement. Operating under the bold slogan: “BUIDL Your Dream Finance”, the platform encourages every trader – from Web3 novices to full-time degens – to take control of their financial future. And it's more than just words: BYDFi has already earned its spot among the top tier, with Forbes recognising it as one of the world’s top 10 crypto exchanges in 2023.

Milestones that prove BYDFi’s edge

• 2020: BYDFi officially launched, entering the crypto scene with streamlined spot trading features designed for both newcomers and seasoned traders.
• 2023: A global rebrand from BitYard to BYDFi signalled the platform’s evolution into a serious industry contender. Official listings on CoinMarketCap and CoinGecko boosted its global credibility and visibility.
• 2024: BYDFi raised the bar for trust by achieving full 1:1 asset backing and publishing regular transparency and proof of reserves (POR) reports, setting a new security benchmark.
• 2025: The platform teamed up with Ledger, launching a co-branded hardware wallet and rolling out MoonX – a next-gen Web3 trading tool built for the booming memecoin market. This marks the start of BYDFi’s CEX+DEX dual-engine era.

While others are still figuring out compliance, BYDFi is already leading the charge. With regulatory licences in the US and Canada, and membership in South Korea’s CODE VASP Alliance, this exchange demonstrates that innovation and security can co-exist.

BYDFi combines simplicity, low fees and powerful tools to create the ultimate trading platform for anyone stepping into the world of crypto trading.

Beginner-friendly interface

Forget the cluttered, intimidating interfaces of old-school crypto exchanges – BYDFi’s clean, intuitive dashboard is built to get you trading with zero friction. New users can get 50 000 USDT in virtual demo funds to test-drive the market without risking real money. It’s perfect for polishing your strategies, understanding market movements and building confidence before you even place your first real trade.

But BYDFi doesn’t stop at the basics – it offers copy trading that lets you directly tap into the strategies of top-performing traders, automatically replicating their successful moves in real-time. It’s not just trading – it’s learning by earning, turning every trade into a chance to grow smarter and wealthier.

Low fees and transparent pricing

High fees burn profits. BYDFi breaks the mould with spot trading fees as low as 0.1%, meaning more of your money goes into building your portfolio rather than paying transaction costs. For new traders looking for a low-fee exchange to maximise returns, this is exactly where the smart money trades.

Moreover, the platform maintains complete transparency with real-time fee visibility and no hidden charges or surprise deductions. Every fee is displayed before you confirm any trade, providing you with full clarity – zero guesswork.

Diverse trading options with low entry barriers

BYDFi offers access to 900+ crypto-currencies for spot trading, including mainstream assets like Bitcoin and Ethereum, as well as emerging altcoins and trending tokens. These emerging coins are shaping the next wave of Web3 innovation.

With a minimum trade size of only $10, the platform is designed to be accessible to traders of all levels. This low entry barrier allows the crypto-curious to start small, learn the market and scale their portfolios as they gain confidence and experience.

Whether you are focused on long-term, high-value assets or exploring new projects with growth potential, BYDFi provides the tools and access needed to stay ahead in the crypto world.

MoonX marks a massive upgrade in BYDFi’s trading technology, designed to give users a competitive edge in the fast-moving memecoin market. With access to over 500 000 trading pairs across Solana and BNB Chain, MoonX bridges the gap between centralised efficiency with decentralised freedom.

Key features of MoonX:

• Smart money tracking: Monitor whale and institutional trading activity to make data-driven decisions.
• Alpha tool: Identify trending meme assets in real-time with intelligent risk filters.
• One-click copy trading: Instantly replicate the strategies of top-performing traders.
• Ultra-fast execution: Enjoy millisecond-level trade execution with minimal slippage.
• Comprehensive analytics: Access holder data, trading volume and market insights with precision.

New users can claim a welcome package of up to 8 100 USDT, designed to help them explore the platform while earning small rewards along the way.

Current offers:

• Trade $500 to earn $5 in SOL.
• 20% trading fee rebate (up to $20 in SOL).
• Daily trading check-ins for rewards up to $50.
• Referral programme with $20 per qualified invite.

These incentives are structured to reduce initial trading costs and encourage hands-on learning, without requiring a large upfront investment.

Getting started with BYDFi is quick and beginner-friendly, designed to take you from sign-up to your first trade in under 30 minutes. Follow these simple steps to begin your crypto journey:

• Create your account: Visit BYDFi.com and click “sign up” to register.
• Verify your e-mail: Confirm your e-mail address through the verification link sent to your inbox.
• Enable security: Activate two-factor authentication (2FA) to secure your account.
• Fund your account: Use BYDFi’s fiat gateway to deposit funds via your preferred payment method.
• Start trading: Begin with demo trading to test strategies, then move to small spot trades as your confidence grows.

As traders progress beyond the basics, BYDFi equips them with advanced tools to scale their strategies and grow their portfolios.

• Trading bots: Automate your trading with tools like spot investment, martingale strategies and grid trading, perfect for users who prefer systematic, hands-off approaches.
• Perpetual contracts: Access 400+ trading pairs with flexible leverage options – ideal for experienced traders looking to capitalise on market volatility.
• Leveraged tokens: Gain leveraged exposure to assets without the complexity of managing margin requirements, offering a simplified yet powerful way to amplify returns.

BYDFi makes crypto trading simple and beginner-friendly. With low fees, easy-to-use tools and features like MoonX, it’s built to help you start trading with confidence.

From your first Bitcoin to exploring trending tokens, BYDFi gives you everything you need to learn and grow, without the usual complexity. Ready to begin? BYDFi is your easy gateway to crypto success.