CEX (Spot), CEX (Derivatives) Active

BYDFi

Independent exchange overview with verified data points.

Website

Exchange overview

HQ Country	SG
Founded	2019
KYC Level	Basic
Fiat Onramp	Not listed
Fiat Currencies	—
Support Channels	—
Proof of Reserves	Not disclosed
Maker / Taker (bps)	— / —

Editorial policy

Description

BYDFi is a centralized cryptocurrency exchange focused on giving users access to spot trading, futures trading, and strategy-based tools in one platform. On its official About page, BYDFi says it was founded in 2020 and was built around the idea of making crypto trading simple, secure, and accessible, with products including Futures, Spot, Copy Trading, and Grid/Trading Bots.

The exchange presents itself as a feature-rich platform for active traders rather than just a basic buy-and-sell app. Its site highlights advanced trading functions, mobile access, and support for a wide range of crypto assets, while third-party tracking on CoinGecko shows BYDFi as an established exchange with a Trust Score of 7/10, which is meant to reflect factors like liquidity, scale, and security signals.

On security and transparency, BYDFi strongly emphasizes Proof of Reserves and says it maintains full backing of user assets with reserve ratios above 100% for major coins. Its Proof of Reserves page currently shows approximate reserve ratios of 157% for BTC, 171% for ETH, and 154% for USDT, along with an 800 BTC protection fund, which the company presents as an added safeguard for users

Other things to consider

Features

Spot trading Margin Futures Perpetuals Copy trading

Security checklist

Two-factor authentication Yes
Hardware 2FA Yes
Withdrawal whitelist Yes
Anti-phishing code Yes
Session management No
Bug bounty Yes
Public pentest Yes
Insurance disclosed No

Fees & tiers

Maker/Taker: — / —

Deposit fees policy

Deposit fee policy not disclosed.

Withdrawal fees policy

Withdrawal fee policy not disclosed.

Fee notes

No additional fee notes disclosed.

Transparency

Proof of Reserves	Not disclosed
Assets proof	No
Liabilities proof	No
Method	—
Auditor	—
Report	—
Last report	—

Incidents

Date	Type	Severity	Source
No incidents have been recorded.