BYDFi exchange profile: spot and futures fees, funding, custody and account rules

BYDFi is a centralised trading platform combining spot markets, leveraged contracts, automated strategies and copy trading. Its current company overview describes a 2020 launch under the earlier BitYard name. The platform separates trading and funding balances, so a total asset figure does not establish how much can immediately be withdrawn.[1][13]

A limit order can remain partly filled until its remainder trades or is cancelled; a limit crossing the book can execute immediately. Preset take-profit or stop-loss instructions are submitted only after the main order has fully filled, and an instruction below the minimum size can fail. These qualifications matter when an apparent entry order is also expected to provide an exit.[7]

Market orders use the available order book. A large order may execute at several prices, and the market-order guide says any remainder that cannot be filled is cancelled. The last displayed market price is therefore neither a fixed purchase quote nor a promise that the entire requested size will trade.[8]

For illustration, 2,000 USDT of filled spot value at 0.10% produces a 2 USDT-equivalent commission. A 10,000 USDT perpetual taker execution at 0.06% costs 6 USDT; opening and closing at that same value would cost 12 USDT before funding, price movement or other adjustments. These are arithmetic examples, not executable quotations.[3][4]

Perpetual funding is a transfer between position holders: a positive rate means longs pay shorts, and a negative rate reverses that direction. The funding guide gives an eight-hour settlement example at 00:00, 08:00 and 16:00 UTC+8; the selected contract’s actual interval and rate govern. For a 10,000 USDT position value at a positive 0.01%, the long side would pay 1 USDT at that settlement. The deduction can reduce position margin.[6]

The Buy Crypto FAQ requires identity verification and describes additional provider checks. Its general arrival wording conflicts with the shorter estimate later on the same page, so neither estimate is treated here as a guaranteed credit time. A card purchase, bank deposit and blockchain withdrawal are separate operations with separate completion records.[14]

BYDFi describes cold-wallet storage and multisignature controls. Those are the company’s security disclosures. The reviewed material did not establish a customer-specific insurance limit, an independently audited balance sheet or a contractual guarantee that every hosted balance would be immediately recoverable in an insolvency.[19]

A reserve announcement claims 800 BTC and one-to-one backing, with reference to CoinMarketCap. Its displayed heading date is 18 August 2026 but its body carries 1 September 2025. That inconsistency prevents treating the announcement as a fresh October reserve attestation. The page does not supply a complete current liabilities statement or an independent audit opinion covering all customer obligations.[20]

The 18 September agreement excludes North Korea, Cuba, Sudan, Iran, Mainland China, Singapore, the US, UK, Hong Kong, Kazakhstan, Canada and Russian-controlled Ukrainian regions, alongside sanctions and FATF restrictions. The list is non-exhaustive. Its legal-capacity requirement and location rules govern access; a global user-count claim does not establish permission for a particular resident.[2]

KYC uses identity documents and a selfie, with address evidence where requested. The guide says users who deposit fiat must verify before withdrawing crypto. Its approximately one-hour review statement is a processing target, not a guarantee or an exception to account-risk checks. A published unverified withdrawal ceiling therefore should not be read as a promise that every account can withdraw without further evidence.[21]

The agreement requires a support ticket and written claim before HKIAC arbitration in English, with England-and-Wales governing law. Its one-year filing provision includes internal resolution time, subject to mandatory local law.[2]

The Ontario Securities Commission’s official warning dated 10 February 2025 identifies BYDFi at www.bydfi.com as not registered in Ontario to conduct the business of trading securities. The official indexed warning was available; full-page retrieval was blocked. This is a jurisdiction-specific warning and does not determine the platform’s status in every other country.[35]

No current firm-level financial-services permission with a verified legal counterparty was established in this review. The agreement names the BYDFi Trading Platform without identifying an incorporated contracting company. A brand partnership or technical association membership should not fill that gap. No affirmative native permission entry is attached to the profile.[2][1]

The company page reports more than one million global users, more than 1,000 spot listings and reach across 190-plus countries or regions. These are company figures without a comparable active-trader denominator. The page also records expansion into TradFi and bots in 2026. The country count is historical/marketing reach, not the current agreement’s acceptance list.[1]

Operator

BYDFi Trading Platform; incorporated counterparty not established

Exchange model

Centralised

Service scope

Hosted spot and perpetual accounts, quoted conversion and automated trading.

Client types

Retail clients

Pricing publication

Public and quoted pricing

Other names

BitYard

Pricing scope

Standard fees and VIP thresholds public; discounted account rates gated.

Funding scope

Crypto transfers and third-party bank/card routes.

Custody and asset handling

Company wallet disclosures; no complete audited solvency conclusion established.

Client eligibility

Country restrictions and product verification apply.

Support

Official online support and contractual claim process.

Authorisation and registration scope

Ontario warning; no independently matched positive permission recorded.

Exchange metadata checked 20 Oct 2026Source 1Source 2Source 35Source 4Source 5Source 9Source 10Source 14Source 19

Copy accounts and promotional credit

The web tutorial offers proportional, fixed-amount and fixed-ratio copying, with a minimum copy amount of 30 USDT. Account Stop Loss terminates copying, closes positions at market and returns remaining assets to Spot. Separate settings decide whether to close when the leader is liquidated. The tutorial’s ordinary Unfollow instruction does not clearly resolve every existing position; review the confirmation and residual holdings rather than assuming disconnection proves closure.[26]

The profit-share guide starts from a default 10% rate and settles eligible net positive closed results. Intervening realised losses must be recovered against the previous settlement benchmark before another share is payable. An associated open position can postpone settlement. The stated daily window is 16:00–17:00 UTC, with an immediate calculation on unfollowing and refund of excess prefrozen amounts. For an illustrative 100 USDT gain eligible after prior losses at 10%, the share is 10 USDT and 90 USDT remains before separate adjustments.[27]

A Copy Trade Bonus is restricted credit: its principal cannot be withdrawn or transferred. It can support the specified copy-trading margin and costs, while eligible profits may be withdrawable. Expiry, usage conditions and reducing an allocation affect remaining credit; a displayed promotional balance must be separated from the user’s own withdrawable funds.[28]

Bots, charts and connected access

Futures Earn: unresolved rule differences

The 30 September guide describes opt-in USDT earnings while funds remain usable as futures margin. Eligible principal excludes bonus balances; it specifies a 10 USDT minimum, a position-dependent rate on the first 50,000 USDT and a 3% base rate on the next 50,000 USDT. It uses the lowest of three wallet snapshots and credits the next day.[31]

The 1 October FAQ instead describes average balance snapshots and says the 3% base has no principal ceiling, while also containing inconsistent minimum-threshold wording. It excludes copy, grid, Event Futures, sub-account and coin-margined positions from qualifying position value. These unresolved differences mean the public pages do not establish one dependable full yield schedule; the applicable account disclosure is needed before calculating expected earnings.[32]

Statements, account closure and retained controls

Data exports include Excel and PDF records for relevant trading, funding and statement categories. The guide permits requests covering up to three years, but records are available only from 1 October 2024. It allows ten monthly requests for each of the spot, futures and funding categories; generated download links last seven days. These are transaction records, not a promise of a completed local tax return.[25]

Temporary disabling and permanent deletion are different app actions. The deletion guide requires assets to be cleared, positions closed and orders cancelled; pending transfers can be cancelled during the process. Restoring access after disabling can require identification. Separately, the agreement permits restrictions after more than a year without access; that clause does not state a fixed periodic inactivity charge.[24][2]