⚠️ Affiliate Disclosure: CoinCodeCap may earn a commission if you sign up through links on this page. This never affects our ratings. Read our full disclosure.
BYDFi (formerly BitYard, rebranded 2023) is a Singapore-based global exchange with 1,000+ spot assets, 500+ perpetual contracts, 200x leverage, optional KYC with 1.5 BTC daily withdrawal without it, and MoonX — a built-in on-chain memecoin engine for Solana and BNB Chain. 800 BTC Protection Fund, Hacken PoR audit (100%+), Forbes Top 10 exchange. Not available in US or UK.
| 📊 Feature | Details |
|---|---|
| ⭐ Rating | 4.0 / 5 |
| Best For | High-leverage perp traders, memecoin/on-chain access, privacy-focused users |
| Founded | 2020 (formerly BitYard → rebranded BYDFi in 2023) |
| HQ | Singapore |
| Regulation | US MSB (#31000215482431) + Canada FINTRAC MSB (#M22636235) |
| Spot Fee | 0.1% maker/taker (flat) |
| Futures Maker Fee | 0.02% |
| Futures Taker Fee | 0.06% |
| Max Leverage | 200x (perpetual contracts) |
| Supported Assets | 1,000+ spot, 500+ perpetual contracts |
| KYC | Optional — 1.5 BTC/day no-KYC; 6 BTC/day with KYC |
| Protection Fund | 800 BTC |
| Proof of Reserves | ✅ Hacken audit (Sep 2024) — 100%+ BTC, ETH, USDT coverage |
| MoonX | ✅ On-chain memecoin trading — Solana + BNB Chain (launched Apr 2025) |
| Not Available In | US, UK, China, Iran, Pakistan, Bangladesh, Kazakhstan |
| 👉 Start Trading on BYDFi — 200x Perps, MoonX, No Mandatory KYC → | |
Key Takeaways
- BYDFi is the rebranded version of BitYard (2020 → rebranded BYDFi in early 2023). “BYDFi” stands for “BUIDL Your Dream Finance.” Since rebranding, it has expanded from derivatives trading into a full CEX+DEX platform with spot, futures, bots, copy trading, and MoonX.
- MoonX launched April 2025 — a built-in on-chain memecoin trading engine routing to Solana and BNB Chain DEXes. Lets you trade early-stage tokens with 500,000+ on-chain pairs directly from a CEX interface, with smart-money tracking.
- KYC optional — no-KYC users can withdraw up to 1.5 BTC/day. Verified users get 6 BTC/day. US MSB and Canada FINTRAC MSB registered.
- ⚠️ Not available in US or UK — geographic IP filtering blocks US/UK access. This is a critical limitation for these user bases.
- Hacken Proof of Reserves audit (September 2024) confirmed 100%+ reserve ratio for BTC, ETH, and USDT. 800 BTC Protection Fund for additional coverage. Ledger hardware wallet partner for self-custody options.
BYDFi Fees — Full Breakdown
| Fee Type | Rate | Notes |
|---|---|---|
| Spot Maker | 0.1% | Flat — same as Binance standard |
| Spot Taker | 0.1% | Flat — no maker/taker spread |
| Futures Maker | 0.02% | VIP discounts to 0.008% |
| Futures Taker | 0.06% | VIP discounts to 0.032% |
| Crypto Deposit | Free | |
| Card/Fiat Buy (3rd party) | 2%–5% | Banxa, MoonPay etc. — avoid for large amounts |
| USDT Withdrawal (TRC-20) | ~1 USDT | Cheapest network for USDT |
| USDT Withdrawal (ERC-20) | 5–10 USDT | Expensive — avoid on small amounts |
| BTC Withdrawal (mainnet) | ~$15 at current rates | Use Lightning or avoid for small amounts |
💡 Expert Tip: The cheapest way to fund BYDFi: buy crypto on a lower-fee exchange first (Binance, OKX), then transfer via TRC-20 USDT to BYDFi (1 USDT fee) and trade at 0.1% spot. Avoid the in-app card purchase — it adds 2–5% markup. For withdrawals, always use TRC-20 for USDT and avoid ERC-20 or BTC mainnet for small amounts.
MoonX — BYDFi’s On-Chain Memecoin Engine
Launched April 2025, MoonX is BYDFi’s CEX+DEX hybrid layer — it routes trades to Solana and BNB Chain DEXes directly from your BYDFi account. You get CEX-level speed and account management with direct on-chain access to 500,000+ emerging token pairs. Smart-money tracking shows which wallets are accumulating which tokens. This is BYDFi’s biggest product differentiator vs traditional exchanges.
Pros & Cons
| ✅ Pros | ❌ Cons |
|---|---|
| MoonX — on-chain memecoin access from CEX interface | Not available in US or UK |
| Optional KYC — 1.5 BTC/day no-KYC | ERC-20 / BTC mainnet withdrawal fees expensive |
| 200x leverage — 500+ perpetual pairs | Card fiat purchases add 2–5% (3rd party) |
| Hacken PoR audit — 100%+ coverage | D-grade on CER.live — below-average security transparency score |
| 800 BTC Protection Fund | Limited regulatory footprint (US/CA MSB only) |
| Copy trading + grid bots built in | No staking or passive yield products |
| Forbes Top 10 exchange, Newcastle United partner | Support limited to live chat + tickets — no phone |
⚡ Bottom Line: BYDFi is a solid mid-tier exchange for international traders who want high-leverage perpetuals, optional KYC, on-chain memecoin access via MoonX, and copy trading — all in one platform. The Hacken PoR audit and 800 BTC Protection Fund address trust concerns. The major limitations: blocked in US/UK, no staking, card purchase fees are expensive. For non-US/UK traders who want a blend of CEX + on-chain DeFi access, BYDFi is worth considering.
⚠️ Risk Disclaimer: BYDFi is not available in the US or UK. 200x leverage carries extreme liquidation risk. MoonX on-chain memecoin trading is highly speculative. This is not financial advice.
