Cryptocurrency trading is evolving beyond simply buying and selling stocks. Today, the traders need powerful tools, innovative features, and fast execution to help them stay ahead in the trading game. BYDFi, which is formally known as BitYard, is one of the best platforms that has rapidly gained more attention and recognition among crypto traders worldwide.
In this blog, we will be reviewing BYDFi. We will explore its features that leverage trading, like the BYDFi Copy Trading Feature and its revolutionary MoonX on-chain trading engine. This blog will help you determine if the platform is right for you to start your trading journey with it.
What is BYDFi?
BYDFi is featured in MoneyControl It stands out among the other platforms because of its user-friendly interface and unique features that help to simplify the crypto trade. The platform is completely committed to making crypto trading easy and accessible fo everyone. MoonX is their new feature, like a new feather in their cap.
Leverage Trading: High Risk, High Reward
One of BYDFi’s flagship features is its leverage trading capabilities. Users can access leverage up to 200x on perpetual contracts, which allows traders to open positions that are far larger than their actual capital.
What is Leverage Trading?
Borrowing capital and increasing the size of trade is called leveraged trading. Sometimes it will increase the profit by many folds, and also in a few instances it may lead to a loss.
So while it looks highly lucrative, it also carries a substantial amount of risk.
BYDFi Copy Trading Feature: Trade Like a Pro Without the Learning Curve
For users who are new to trading or don’t have time to study market trends, BYDFi offers the Copy Trading Feature, a powerful tool that allows you to automatically replicate the trades of top-performing traders.
What is Copy Trading?
Copy trading lets you follow experienced traders and mimic their trades in real time. Whenever they open or close a position, the same action happens in your account based on your allocated capital.
With BYDFi’s platform, you can view:
- Trader profiles with performance stats
- Win/loss ratios
- Average return per trade
- Risk levels
Being transparent, the platform allows the users to choose the trader who matches your strategy and their level of risk.
Benefits of BYDFi Copy Trading
- Passive Income Opportunity: Once you set it up, it runs automatically.
- Learn by Observing: New traders can study patterns and strategies used by professionals.
- Diverse Options: You can follow multiple traders to diversify your investments.
- Flexible Controls: You can stop, pause, or adjust the amount of funds allocated anytime.
BYDFi also runs a Copy Trading Leader Program, offering top traders up to 30% profit share from their followers—creating a win-win ecosystem for both parties.
Explore the full details of the BYDFi Copy Trading Feature here.
MoonX: On-Chain Trading Made Easy
In addition to centralized offerings, BYDFi has launched MoonX, an integrated on-chain trading engine that simplifies DeFi for everyday users.
What Makes MoonX Special?
Decentralized trading often requires complex wallets, private keys, bridging assets, and paying gas fees. MoonX eliminates this friction by offering:
- 500,000+ Tokens Available: Trade meme coins and micro-cap tokens across networks like Solana and BNB Chain.
- Gas-Free Trading: You don’t need to worry about gas fees or bridging assets between chains.
- Smart Money Tracking: Discover trending coins by following wallets of big investors and influencers.
- One-Click Execution: All trades are made through a centralized dashboard with real-time prices aggregated from multiple DEXs.
- No Wallet Needed: BYDFi’s account system lets you trade on-chain assets without creating a separate DeFi wallet.
This hybrid model bridges the gap between centralized convenience and decentralized opportunities.
Fees and Security
Trading Fees
- Spot Trading: Starts as low as 0.1%.
- Perpetual Contracts: Competitive maker and taker fees.
- Copy Trading: Performance fees are paid to the trader you copy, which vary by individual.
Security Features
- Multi-layered account protection with 2FA
- Cold storage of assets
- Real-time risk monitoring systems
- Anti-fraud algorithms for suspicious activity
BYDFi Mobile App
BYDFi also offers a seamless mobile trading experience for Android and iOS users. The app retains full functionality whether you’re copy trading, opening leveraged positions, or browsing MoonX tokens; you can manage your crypto portfolio on the go.
Pros and Cons of BYDFi
Pros:
- High leverage options up to 200x
- User-friendly copy trading with transparent metrics
- Seamless access to on-chain tokens via MoonX
- Low fees and also excellent UI interface
- Suitable for both beginners and pros
Cons:
- Not available in some restricted countries
- Lacks advanced charting tools for pro-level analysis
- Educational resources can be improved
Final Verdict: Is BYDFi Worth It?
So, if you are looking for a crypto platform with both decentralized and centralised features, then BYDFi is worth considering.
Its leverage trading system is designed for experienced traders who understand risk management, while the BYDFi Copy Trading Feature allows beginners to participate confidently by learning from the pros. Meanwhile, the MoonX on-chain engine brings the vast world of DeFi within reach of any user, without the usual hassle.
Ready to Start?
Dive into crypto trading with BYDFi today and explore everything from leverage trading to copy trading and on-chain opportunities.