BYDFi Trading Breakdown: Find Your Fit & Earn Up to 8,100 USDT

Whether you're interested in spot trading or exploring the complexities of derivatives, BYDFi offers seamless solutions tailored to your needs with access to over 600 trading pairs. Let’s see what’s the difference between those.

Spot Trading on BYDFi

Spot trading involves the immediate exchange of crypto at current market prices. On BYDFi, this process is straightforward and accessible – after creating an account, you can quickly deposit funds using various payment methods, including electronic payments and credit/debit cards.

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Then, just navigate to the "Spot" section, select your desired crypto pair and choose between a limit order (setting your preferred price) or a market order (executing at the current price).

BYDFi maintains competitive fees, charging a 0.1% fee for both makers and takers on spot trades.

Derivatives Trading on BYDFi

For those looking to delve deeper, BYDFi's derivatives trading allows speculation on crypto price movements without owning the underlying assets:

• Perpetual Contracts (USDT-M). These contracts, settled in Tether USDT $0.9987 , enable traders to speculate on crypto prices without expiration dates, offering up to 200x leverage across more than 103 trading pairs.
• Inverse Perpetual Contracts (COIN-M). Settled in the underlying cryptocurrency (e.g., Bitcoin BTC $88,872.32 ), these contracts also provide significant leverage, appealing to traders using their crypto holdings as collateral.

For perpetual contracts, BYDFi charges a maker fee of 0.02% and a taker fee of 0.06%.

Spot VS Derivatives: Which Suits You?

Choosing between spot and derivatives trading depends on your goals and risk tolerance:

Table: Spot VS Derivatives trading on BYDFi

So, spot trading is more for beginner or laid-back traders, while derivatives trading is for those who crave a bit more risk and excitement.

BYDFi's Reward Center

Speaking of excitement, to make your trading journey even more rewarding, BYDFi offers a Reward Center where you can earn by completing various tasks. The rewards are divided into three categories:

• New User Rewards. You can earn up to 8,100 USDT for registering, depositing, and completing first-time trading tasks.
• Daily Rewards. You can claim BYD Points for daily deposits, spot and derivative trades or other activities (like inviting friends) and then convert them to USDT in futures bonuses.
• Hot Rewards. You can join the Maniac Calendar for daily rewards & claim Maniac Mystery Boxes (to get the latter, you'll have to pass KYC).

All in all, whether you're after the simplicity of spot trading or the thrill of derivatives, BYDFi makes it easy to dive into crypto at your own pace. Plus, with the Reward Center offering extra perks, your trading journey can be extra exciting and rewarding.