How to Register and Trade Crypto at BYDFi

How to Register and Trade Crypto at BYDFi
Starting the adventure of cryptocurrency trading on BYDFi is an exhilarating endeavor that commences with a straightforward registration process and gaining a grasp of the essentials of trading. As a leading global cryptocurrency exchange, BYDFi provides a user-friendly platform suitable for both novices and experienced traders. This guide will lead you through each step, guaranteeing a seamless onboarding experience and offering valuable insights into successful cryptocurrency trading strategies.

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.
How to Register and Trade Crypto at BYDFi
2. Select [Email] or [Mobile] and enter your email address/phone number. Then click [Get code] to receive the verification code.
How to Register and Trade Crypto at BYDFiHow to Register and Trade Crypto at BYDFi
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.
How to Register and Trade Crypto at BYDFiHow to Register and Trade Crypto at BYDFi
4. Congratulations, you have successfully registered on BYDFi.
How to Register and Trade Crypto at 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].
How to Register and Trade Crypto at BYDFi2. Select [Continue with Apple], a pop-up window will appear, and you will be prompted to sign in to BYDFi using your Apple account.
How to Register and Trade Crypto at BYDFi
3. Enter your Apple ID and password. Then click on the arrow icon.
How to Register and Trade Crypto at BYDFi4. Complete the authentication process.
How to Register and Trade Crypto at BYDFi
5. Choose to [Hide My Email], then click [Continue].
How to Register and Trade Crypto at BYDFi
6. You will be referred back to the BYDFi’s website. Agree to the term and policy then click [Get Started].
How to Register and Trade Crypto at BYDFi
7. After that, you will be automatically redirected to the BYDFi platform.
How to Register and Trade Crypto at BYDFi

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].
How to Register and Trade Crypto at BYDFi
2. Click on [Continue with Google].
How to Register and Trade Crypto at BYDFi
3. A sign-in window will be opened, where you put in your Email or phone. Then click [Next].
How to Register and Trade Crypto at BYDFi
4. Then enter the password for your Gmail account and click [Next]. Confirm that you’re signing in.
How to Register and Trade Crypto at BYDFiHow to Register and Trade Crypto at BYDFi
5. You will be referred back to the BYDFi’s website. Agree to the term and policy then click [Get Started].
How to Register and Trade Crypto at BYDFi
6. After that, you will be automatically redirected to the BYDFi platform.
How to Register and Trade Crypto at BYDFi

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.
How to Register and Trade Crypto at BYDFi
2. Click [Sign up/Log in].
How to Register and Trade Crypto at BYDFi
3. Select a registration method, you can choose from Email, Mobile, Google account, or Apple ID.
How to Register and Trade Crypto at BYDFi

Sign up with your Email/Mobile account:

4. Put in your Email/Mobile and password. Agree to the terms and policies, then click [Register].
How to Register and Trade Crypto at BYDFiHow to Register and Trade Crypto at BYDFi
5. Enter the code that has been sent to your email/mobile, then click [Register].
How to Register and Trade Crypto at BYDFiHow to Register and Trade Crypto at BYDFi6. Congratulations! You have successfully created a BYDFi account.
How to Register and Trade Crypto at BYDFi

Sign up with your Google account:

4. Select [Google] - [Continue]. 
How to Register and Trade Crypto at BYDFiHow to Register and Trade Crypto at BYDFi
5. You will be prompted to sign in to BYDFi using your Google account. Fill in your email/phone and password, then click [Next].
How to Register and Trade Crypto at BYDFiHow to Register and Trade Crypto at BYDFi6. Click [Continue].
How to Register and Trade Crypto at BYDFi7. You will be referred back to BYDFi, click [Register] and you will be able to access your account.
How to Register and Trade Crypto at BYDFiHow to Register and Trade Crypto at BYDFi

Sign up with your Apple account:

4. Select [Apple]. You will be prompted to sign in to BYDFi using your Apple account. Tap [Continue].
How to Register and Trade Crypto at BYDFiHow to Register and Trade Crypto at BYDFi
5. You will be referred back to BYDFi, click [Register] and you will be able to access your account.
How to Register and Trade Crypto at BYDFiHow to Register and Trade Crypto at BYDFi

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].
How to Register and Trade Crypto at BYDFi2. 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].
How to Register and Trade Crypto at BYDFi
How to Register and Trade Crypto at BYDFi
3. Please read the instructions on the page and click [Code is not available] → [Email/Mobile Number is unavailable, apply for reset] - [Reset Confirm].
How to Register and Trade Crypto at BYDFiHow to Register and Trade Crypto at BYDFi
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]. 
How to Register and Trade Crypto at BYDFiSpot trading interface:

1. Trading pair: Shows the current trading pair name, such as BTC/USDT is the trading pair between BTC and USDT.
2. Transaction data: The current price of the pair, 24 hours price change, highest price, lowest price, transaction volume and transaction amount.
3. K-line chart: The current price trend of the trading pair
4. Orderbook and Market trades: Represents the current market liquidity from both buyers and sellers. The red figures denote prices sellers are asking for their corresponding amounts in USDT while the green figures represent prices buyers are willing to offer for the amounts they wish to purchase.
5. Buy and Sell panel: Users can enter price and amount to buy or sell, and can also choose to switch between limit or market price trading.
6. Assets: Check for your current assets.

How to Register and Trade Crypto at BYDFi
2. BYDFi provides two types of spot trading orders: limit orders and market orders.


Limit Order 

  1. Choose [Limit]
  2. Enter the price you want
  3. (a) Enter the amount of BTC you want to buy or sell
    (b) Choose the percentage
  4. Click [Buy BTC]
Suppose you want to buy BTC and your spot trading account balance is 10,000 USDT. If you choose 50%, 5,000 USDT will be used to buy BTC.

How to Register and Trade Crypto at BYDFi

Market Order

  1. Choose [Market]
  2. (a) Choose the amount of USDT you want to buy or sell
    (b) Choose the percentage
  3. Click [Buy BTC]
Suppose you want to buy BTC and your spot trading account balance is 10,000 USDT. If you choose 50%, 5,000 USDT will be used to buy BTC.
How to Register and Trade Crypto at BYDFi

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 Register and Trade Crypto at BYDFi

How to Trade Spot On BYDFi (App)

1. You can access BYDFi’s spot markets by navigating to [Spot].
How to Register and Trade Crypto at BYDFi
Spot trading interface:

1. Trading pair: Shows the current trading pair name, such as BTC/USDT is the trading pair between BTC and USDT.
2. Buy and Sell panel: Users can enter price and amount to buy or sell, and can also choose to switch between limit or market price trading.
3. Orderbook and Market trades: Represents the current market liquidity from both buyers and sellers. The red figures denote prices sellers are asking for their corresponding amounts in USDT while the green figures represent prices buyers are willing to offer for the amounts they wish to purchase.
4. Order information: Users can view the current open order and order history for previous orders.

How to Register and Trade Crypto at BYDFi
2. BYDFi provides two types of spot trading orders: limit orders and market orders.


Limit Order 

  1. Choose [Limit]
  2. Enter the price you want
  3. (a) Enter the amount of BTC you want to buy or sell
    (b) Choose the percentage
  4. Click [Buy BTC]
Suppose you want to buy BTC and your spot trading account balance is 10,000 USDT. If you choose 50%, 5,000 USDT will be used to buy BTC.

How to Register and Trade Crypto at BYDFi

Market Order

  1. Choose [Market]
  2. (a) Choose the amount of USDT you want to buy or sell
    (b) Choose the percentage
  3. Click [Buy BTC]
Suppose you want to buy BTC and your spot trading account balance is 10,000 USDT. If you choose 50%, 5,000 USDT will be used to buy BTC.

How to Register and Trade Crypto at BYDFi
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.
How to Register and Trade Crypto at BYDFi

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.
How to Register and Trade Crypto at BYDFi
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.
How to Register and Trade Crypto at BYDFi
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.

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