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BYDFi Review 2026

Verified by the Oracl8 verification system · Registration and licence details checked against official regulator registers · Updated 2026-11-04

The BYDFi record for Canada traders, registrations on file, the fee schedule, and the Oracl8 verdict.

Regulation in Canada

Regulator FINTRAC, FINTRAC
Registration statusRegistered
Regulated EntityBYDFi
Max Leverage1:1
Max Leverage (Crypto)1:1
Minimum Deposit$0
Taker Fee0.2%
Listed Coins & Pairs522+
PlatformsWeb, iOS, Android, API
Copy Trading✗
Spot Ownership✗
Inactivity feeNo inactivity fee

Verdict

On file with FINTRAC registration. Opening figure $0. Leverage in Canada capped at 1:1.

About BYDFi

On the record, BYDFi traces to 2020, based in Canada. Its book runs to 522 coins and trading pairs, the major cryptocurrencies alongside stablecoins and altcoins. Its registrations span several jurisdictions, with the primary licence held by BYDFi under FINTRAC.

Within Canada, BYDFi runs as BYDFi, cleared by FINTRAC registration. That caps a Canada trader at 1:1 on crypto derivatives, per FINTRAC rules.

Trading Platforms

Web
Web, proprietary platform, available on web and mobile
iOS
iOS, proprietary platform, available on web and mobile
Android
Android, proprietary platform, available on web and mobile
API
API, proprietary platform, available on web and mobile

Pros

  • FINTRAC regulated
  • 522+ coins & pairs listed
  • Negative balance protection in Canada
  • Platforms: Web, iOS, Android, API
  • Operating since 2020, based in Canada

Cons

  • No inactivity fee
  • 0% of retail clients lose money
  • Derivatives trading, you may not custody the underlying coin
  • No spot withdrawal / custodial only

Frequently Asked Questions

Is BYDFi regulated?

On file, BYDFi carries FINTRAC registration, held by the regulated entity BYDFi, a live registration you can pull up on the official FINTRAC public register.

What is the minimum deposit for BYDFi in Canada?

The opening figure is $0, what it takes to fund a live account for a Canada trader operating under FINTRAC.

What leverage does BYDFi offer in Canada?

For Canada, the FINTRAC rules hold BYDFi to 1:1 on crypto derivatives. An offshore-registered entity may list a higher ceiling.

Is BYDFi safe to trade with?

Under FINTRAC, BYDFi must segregate client funds, carry negative balance protection and submit to independent audit. None of that removes market risk, but it is real investor protection on the record.

Visit BYDFi →
0% of retail investor accounts lose money when trading crypto derivatives with BYDFi.

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