Changes in the cryptocurrency space consider many other changes, and changes in trader expectations among them. The increasing demand for security, leverage, smarter tools, and an all-inclusive ecosystem suggests that many crypto enthusiasts have chosen to switch from KuCoin to BYDFi. If you have ever been contemplating the change, this blog lays out reasons why BYDFI is slowly but surely establishing itself as the alternative, better experience for both beginners and professionals.
What Makes BYDFi a Great Alternative?
Long ago, KuCoin once was considered one of the most prominent places for traders to carry out their crypto trading. These days, the traders have a different request: switch to any exchange giving more personalized, clearer, and innovative trading experiences. Users are spotlighting complaints such as an all-overcomplicated fee structure, delays in withdrawals that occur once in a while, and no support for automated and social trading tools. Therefore, BYDFi is in the spotlight.
What is BYDFi?
BYDFi (BUIDL Your Dream Finance) is a full-fledged social trading platform engineered for high-end future-oriented user-friendly crypto trading services dating as far back as the year 2020. It started as BitYard early on. The great rebranding of BYDFi into its new name in January 2023 better encapsulates the vision of helping its users literally build a dream financial future in the digital economy.
BYDFi-an an agnostic trading platform for the whole country, accessible to worldwide users-with or without experience-provides the opportunity to engage in international trading. Currently, with more than a million users across 190 countries and covering the most used functionalities, it is featured as a Forbes-recommended exchange and amongst the top 10 crypto trading platforms in the world.
BYDFi vs KuCoin: What Gives BYDFi the Edge?
Here are the standout features making traders flock away from KuCoin to BYDFi.
Safety and regulatory compliance
- Accredited: BYDFi is MSB licensed in both the US and Canada.
- Cold storage wallet: Considered offline storage and multi-party approval is required.
- Proof of Reserves: Reflects clear asset backing 1:1 with constant audits.
- Segregated User Accounts: User funds are securely ring-fenced from operating funds.
Perpetual Contracts with Leverage of Up to 200x
BYDFi thus quite simply affords perpetual contracts of upto 200x leverage; this means that here, BYDFi tops KuCoin, which settles at an average ranging from 100x to 125x.
Such new advancements were made in October 2024:
- Open New Positions Without Unrealized Profit.
- Bidirectional long/short hedging.
- Complete Margin Mode Shared Fund Account minimizes liquidation risks.
More Intelligent Trading Tools
Automation and optimization of trade action with numerous features, including the following:
- Copy Trading: Follow the strategies of top traders and replicate them with ease.
- Trading Bots: Grid, Spot, Futures, and Martingale strategies.
- Demo Trading: 100k USDT virtually for training purposes.
- Spot/Futures Investment Tool: For profit through automating market volatility.
Abundant Asset Stack
- 600+ cryptocurrencies are available, from elusive altcoins and gems with the potential of hyper tokenization.
- Make transactions on tokens like BTC, ETH, XRP, DOGE, SHIB, ADA, etc.
- Support of contracts-USDT-M and Coin-M is available.
Transparent & Low Fees
If many such platforms preach unlicensed and hidden fees, BYDFi is nothing like that; it has obscure fees with total real-time visibility of all trading-related charges.
Rich List of Assets
- More than 600 cryptocurrencies are supported, including altcoins that are hard to find and GEM tokens that have a possibility of a 100x increase.
- Trade popular tokens like BTC, ETH, XRP-DOGE, SHIB, ADA, and more.
- Availability of USDT-M and Coin-M contracts support.
Transparent & Low Fees
BYDFi is unlike any other platform that hides costs; it has clear and lucid fees with real-time visibility into all charges associated with trading.
Worldwide Access and Payment Flexibility
- Multilingual support.
- Payments can be made via credit and debit cards, as also through Apple Pay, Google Pay, and by their partners—Banxa, Transak, Mercuryo, and Alchemy Pay.
- Deposits or withdrawals can be done in over 100 fiat currencies.
New User Welcome Package
For new users, the process will become even sweeter with the adding of a Welcome Bonus of up to 8,100 USDT… Just complete few basic onboarding missions like:
- Register through your email or phone.
- Enable 2FA.
- Set an anti-phishing code.
- Join the community.
Most functionalities do not require KYC, and unverified users have a withdrawal limit of 1.5 BTC per day.
Some Key Milestones in the Growth of the BYDFi Brand:
| Time Machine | Major Achievements of BYDFi’s Brand |
| April 2020 | The platform become Official |
| May 2021 | The platform gets attached with 500+ spot trading pairs |
| August 2022 | There was the introduction of the Perpetual contract |
| January 2023 | The brand get recognized as BYDFi from BitYard
|
| December 2023 | Among theTop 10 Global Exchange BYDFi got ranked by Forbes |
| October 2024 | 1:1 Proof of Reserves initiated.
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| November 2024 | Get partnered with |
How to Start Using BYDFi
Starting Off With BYDFi
Changing is simple and possible in only a few steps:
- Create an account- Always go to BYDFi.com and sign up.
- Enable Two-Factor Authentication (2FA)
The second step is to layer your account with a protective lock.
- Fund Your Account
Deposit funds via card payments or transfer from KuCoin or another wallet.
- Start Trading
You can choose Spot, Futures, Leveraged Tokens, or Copy Trading; whether you prefer using bots or manual trading, it’s completely up to you!
Concluding Thoughts
The ever-changing world’s cryptocurrency world is one of the main reasons traders are starting to think differently. Increasing requests for security, leverage, smarter tools, and an inclusive ecosystem have led traders to switch platforms. KuCoin is now being traded in for BYDFi by many crypto enthusiasts. If you’ve been thinking about switching, this blog outlines the reasons BYDFi is the new alternative. It is an upgraded experience for both a rookie trader and a professional trader.
