How to Register and Trade Crypto at BYDFi
How to Register in BYDFi
Register an Account on BYDFi with Phone Number or Email
1. Go to BYDFi and click [Get Started] in the upper right corner.
2. Select [Email] or [Mobile] and enter your email address/phone number. Then click [Get code] to receive the verification code.
3. Put the code and password in the spaces. Agree to the terms and policy. Then click [Get Started].
Note: Password consisting of 6-16 letters, numbers and symbols. It can’t only be numbers or letters.
4. Congratulations, you have successfully registered on BYDFi.
Register an Account on BYDFi with Apple
Furthermore, you can sign up using Single Sign-On with your Apple account. If you wish to do that, please follow these steps:
1. Visit BYDFi and click [Get Started].
2. Select [Continue with Apple], a pop-up window will appear, and you will be prompted to sign in to BYDFi using your Apple account.
3. Enter your Apple ID and password. Then click on the arrow icon.
4. Complete the authentication process.
5. Choose to [Hide My Email], then click [Continue].
6. You will be referred back to the BYDFi’s website. Agree to the term and policy then click [Get Started].
7. After that, you will be automatically redirected to the BYDFi platform.
Register an Account on BYDFi with Google
Also, you have an option to register your account through Gmail and you can do that in just a few simple steps:
1. Head over to the BYDFi and click [Get Started].
2. Click on [Continue with Google].
3. A sign-in window will be opened, where you put in your Email or phone. Then click [Next].
4. Then enter the password for your Gmail account and click [Next]. Confirm that you’re signing in.
5. You will be referred back to the BYDFi’s website. Agree to the term and policy then click [Get Started].
6. After that, you will be automatically redirected to the BYDFi platform.
Register an Account on the BYDFi App
More than 70% of traders are trading the markets on their phones. Join them to react to every market movement as it happens.
1. Install BYDFi app on Google Play or App Store.
2. Click [Sign up/Log in].
3. Select a registration method, you can choose from Email, Mobile, Google account, or Apple ID.
Sign up with your Email/Mobile account:
4. Put in your Email/Mobile and password. Agree to the terms and policies, then click [Register].
5. Enter the code that has been sent to your email/mobile, then click [Register].
6. Congratulations! You have successfully created a BYDFi account.
Sign up with your Google account:
4. Select [Google] - [Continue].
5. You will be prompted to sign in to BYDFi using your Google account. Fill in your email/phone and password, then click [Next].
6. Click [Continue].
7. You will be referred back to BYDFi, click [Register] and you will be able to access your account.
Sign up with your Apple account:
4. Select [Apple]. You will be prompted to sign in to BYDFi using your Apple account. Tap [Continue].
5. You will be referred back to BYDFi, click [Register] and you will be able to access your account.
Frequently Asked Questions (FAQs)
What Should I Do If I Can’t Receive the SMS Verification Code?
If you are unable to receive the verification code, BYDFi recommends that you try the following methods:
1. First of all, please make sure your mobile number and country code are entered correctly.
2. If the signal is not good, we suggest you move to a location with a good signal to get the verification code. You can also turn on and off the flight mode, and then turn on the network again.
3. Confirm whether the storage space of the mobile phone is sufficient. If the storage space is full, the verification code may not be received. BYDFi recommends that you regularly clear the content of the SMS.
4. Please make sure that the mobile number is not in arrears or disabled.
5. Restart your phone.
How to Change Your Email Address/Mobile Number?
For your account’s safety, please make sure you have completed KYC before changing your email address/mobile number.
1. If you have completed KYC, click on your avatar - [Account and Security].
2. For users that have a bound mobile number, fund password, or Google authenticator already, please click the switch button. If you have not bound any of the above settings, for the security of your account, please do so first.
Click on [Security Center] - [Fund Password]. Fill in the required information and click [Confirm].
3. Please read the instructions on the page and click [Code is not available] → [Email/Mobile Number is unavailable, apply for reset] - [Reset Confirm].
4. Enter the verification code as instructed, and bind a new email address/mobile number to your account.
Note: For your account’s safety, you will be barred from withdrawing for 24 hours after changing your email address/mobile number.
How to Trade Crypto at BYDFi
What is Spot trading?
Spot trading is between two different cryptocurrencies, using one of the currencies to purchase other currencies. The trading rules are to match transactions in the order of price priority and time priority, and directly realize the exchange between two cryptocurrencies. For example, BTC/USDT refers to the exchange between USDT and BTC.
How to Trade Spot On BYDFi (Website)
1. You can access BYDFi’s spot markets by navigating to [Trade] on the top menu and selecting [Spot Trading].
Spot trading interface:
2. BYDFi provides two types of spot trading orders: limit orders and market orders.
Limit Order
- Choose [Limit]
- Enter the price you want
- (a) Enter the amount of BTC you want to buy or sell
(b) Choose the percentage - Click [Buy BTC]
Market Order
- Choose [Market]
- (a) Choose the amount of USDT you want to buy or sell
(b) Choose the percentage - Click [Buy BTC]
3. Submitted orders remain open until they get filled or are canceled by you. You can view these in the “Orders” tab on the same page, and review older, filled orders in the “Order History” tab. Both these tabs also provide useful information such as the average filled price.
How to Trade Spot On BYDFi (App)
1. You can access BYDFi’s spot markets by navigating to [Spot].
Spot trading interface:
2. BYDFi provides two types of spot trading orders: limit orders and market orders.
Limit Order
- Choose [Limit]
- Enter the price you want
- (a) Enter the amount of BTC you want to buy or sell
(b) Choose the percentage - Click [Buy BTC]
Market Order
- Choose [Market]
- (a) Choose the amount of USDT you want to buy or sell
(b) Choose the percentage - Click [Buy BTC]
3. Submitted orders remain open until they get filled or are canceled by you. You can view these in the “Orders” tab on the same page, and review older, filled orders.
Frequently Asked Questions (FAQs)
What are Fees on BYDFi
As with any other cryptocurrency exchange, there are fees associated with opening and closing positions. According to the official page, this is how the spot trading fees are calculated:
| Maker Transaction Fee | Taker Transaction Fee | |
| All Spot Trading Pairs | 0.1% - 0.3% | 0.1% - 0.3% |
What are Limit Orders
Limit orders are used to open positions at a price that’s different from the current market price.
In this particular example, we have selected a Limit Order to buy Bitcoin when the price drops down to $41,000 as it currently trades at $42,000. We have selected to buy BTC worth 50% of our currently available capital, and as soon as we hit the [Buy BTC] button, this order will be placed in the order book, waiting to be filled if the price drops down to $41,000.
What are Market Orders
Market orders, on the other hand, are executed immediately with the best available market price – this is where the name comes from.
Here, we’ve selected the market order to buy BTC worth 50% of our capital. As soon as we hit the [Buy BTC] button, the order will be filled immediately at the best available market price from the order book.
