BYDFi Exchange Review 2026: Fees, Security, KYC & Trading Guide
A complete BYDFi review covering trading, fees, security, KYC, and key platform features.
Exchange review
CEX (Spot), CEX (Derivatives)
Active
BYDFi
Founded 2019
Based in SG
Best for
Best for users who want lighter onboarding, 24/7 support coverage, and derivatives trading.
Summary
BYDFi is a centralized exchange for spot trading, founded in 2019 and based in SG. It uses basic identity checks, does not list a fiat onramp, and has unclear proof-of-reserves disclosure.
Quick snapshot
- KYC
- Basic
- Fiat onramp
- Not listed
- Support
- 24/7 support
- Proof of reserves
- Not clarified
- Base fees
- Not listed
Brokerate score
50
/ 100
The score reflects the published trust, fees, transparency, and support signals we could verify on this profile.
- Founded
- 2019
- HQ
- SG
Check official site
Use the official site to confirm live fees, regional access, and reserve reporting before funding an account.
Quick evaluation
A fast read on the main decision areas before the detailed profile sections.
Security
6 security controls are listed, including Two-factor authentication and Hardware 2FA.
Fees
Base maker and taker fees are not listed. No deposit or withdrawal fee policy is disclosed.
KYC & fiat
Basic KYC is listed, no fiat onramp is listed, and support options are not clearly disclosed.
Transparency
Proof-of-reserves support is not clarified. No recent reserve report date is listed.
Pros
- 24/7 support is listed.
- Derivatives markets are listed.
- Exchange is currently active.
Cons
- Proof-of-reserves support is not clarified.
- No fiat onramp is listed.
- Support channels are not listed.
Full exchange details
Overview
Company profile
- HQ country
-
SG
Founded 2019
- KYC level
-
Basic
- Fiat support
-
Not listed
Access & funding
- Support channels
-
Not listed
24/7 support listed.
- Proof of Reserves
-
Not clarified
- Fee snapshot
-
Not listed
Transparency
- Proof of Reserves
-
Not clarified
Proof-of-reserves support is not clarified in the profile.
- Assets proof
-
Not clarified
- Last report
-
Not listed
- Liabilities proof
-
Not clarified
No named auditor or method disclosure is listed.
Security & trust
Account protection signals disclosed in the profile and the latest trust context we could verify.
- Status
- Active
- Confidence
- 50/100
High-impact protections
4 of 4 higher-impact protections are listed, including Two-factor authentication and Hardware 2FA.
Listed
4/4
Two-factor authentication
Listed in the profile
Hardware 2FA
Listed in the profile
Withdrawal whitelist
Listed in the profile
Anti-phishing code
Listed in the profile
Additional checks
- Session management
- No
- Bug bounty
- Yes
- Public pentest
- Yes
- Insurance disclosed
- No
Fees & policies
Trading fee disclosure, tier schedules, and any related policy notes in the profile.
Base maker and taker fees are not listed.
No extra tier or policy detail is listed.
Incidents
Publicly documented incident history in our current dataset.
No publicly documented incidents found in our current dataset.
Absence of incidents in this dataset is not a guarantee of safety or uninterrupted operations.
Product context
Listed product coverage and short editorial background for deeper comparison.
Coverage
Spot trading
Margin
Futures
Perpetuals
Copy trading
Background
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, s...
Read full background
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
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Kyle Walker
•
My investment platform company sent me an email asking for proof of identity documents, which I did send back to the same email address the same morning. A week later an email comes through stating that my account is cancelled with no recourse. I called after 5 business days and customer service told me to call the next day, and the next day and the next day, same thing... accounting is working on it. Could not tell me why.. It's a good thing I heard and reach out to Jeffsilbert39 gm aiL c0m when I did, my Refunds got sorted.