BYDFi Review 2026
Registered exchange with real regulatory records.
BYDFi is a crypto exchange founded in 2020. It holds a FINTRAC registration under number Registered.
The record
On file, BYDFi traces to 2020, with its operating base recorded in Canada. Ownership is private, and no equity trades on a public exchange. The order book covers 120 coins and trading pairs, spanning spot and, where a jurisdiction permits, derivatives. The mandate stays inside crypto, spot and derivatives, nothing more.
Execution runs through BYDFi's own web, mobile and API stack. No copy-trading layer is offered on the platform.
| Founded | 2020 |
| Headquarters | Canada |
| Listed coins | 120 |
| Platforms | Web, iOS, Android, API |
| Copy trading | No |
Custody & proof
The Seychelles FSA is an offshore regulator. It requires exchange registration and basic conduct rules, but does not offer the same client protections as the FCA, MAS, or NYDFS. There is no compensation scheme and leverage limits are not imposed.
| Regulator | Licence | Entity |
|---|---|---|
| FINTRAC | Registered ✓ | BYDFi |
Cross-check the FINTRAC entry yourself at oracl8.com. Each record returns the licensed entity, its current authorisation state, and the exact activities it is cleared to run, a lookup that costs about a minute.
Fee schedule
The rates below are the standing fees on BYDFi. Both sides of the book move with your rolling 30-day volume, and holders of the venue's native token typically settle at a discount.
| Taker fee | 0.2% |
| Maker fee | 0.10% |
| BTC/USD trading fee | 0.2% |
| ETH/USD trading fee | 0.2% |
| Withdrawal cost | Network fee only (varies by coin) |
At 0.2%, the BYDFi taker fee reads in line with the regulated retail field.
Withdrawals, cost and timing
Fee: None. BYDFi does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: Instant to 24 hours for e-wallets. Bank transfers take 1 to 3 business days.
No payout clears until identity checks are settled. An account still short of full verification, identity and address on file, will see the timeline stretch. Once a record is complete, payouts track the figures above.
Minimum deposit, entity by entity
What you must fund to open depends on which BYDFi entity your country routes to. Offshore books tend to set the bar lower, in exchange for thinner regulatory cover.
| Entity | Regulator | Min deposit | Max leverage |
|---|---|---|---|
| BYDFi | FINTRAC Registered | None | 1:1 |
BYDFi vs Kraken
| BYDFi | Kraken | |
|---|---|---|
| Primary regulator | FINTRAC Registered | FinCEN MSB Registered |
| Min deposit | None | None |
| Taker fee | 0.2% | 0.26% |
| Listed coins & pairs | 120+ | 712+ |
| Copy trading | No | No |
| Withdrawal fee | None | Varies |
Both records check out as registered venues. The case for BYDFi rests on its platform and the breadth of its coin list; Kraken pulls ahead where a trader weighs the reach of its specific licensed entities more heavily.
Registrations on file
| FINTRAC | Registered, BYDFi |
For retail accounts across the EU and UK, leverage on crypto derivatives is held to 1:1 by local rule.
Strengths and weak points
What works
- FINTRAC regulated
- No minimum deposit
- No inactivity fee
- Low taker fee from 0.2%
- 120+ coins & trading pairs
What does not work
- No tier-1 registration (FCA/MAS/NYDFS), offshore entity only
- No copy trading
The verdict
The records place BYDFi as a registered, operating crypto exchange, FINTRAC number Registered confirms on the public file. The best fit is traders who want 120 coins and pairs reachable through a registered venue. Score: 4.0 out of 5.
Alternatives to BYDFi
Should BYDFi miss the mark, the registered venues below are worth setting side by side:
Frequently asked questions
Is BYDFi safe?
The Seychelles FSA is an offshore regulator. The FINTRAC record, licence Registered, sits on the official register in public view, open to anyone who wants to confirm it.
What is the BYDFi minimum deposit?
None covers the primary regulated entity. Offshore books can set a different bar, so the entity table above is the place to read the figure that applies to your country.
What is the BYDFi trading fee?
On the record, BYDFi charges about 0.2% to take and 0.10% to make. The schedule tapers as 30-day volume climbs, and native-token holders usually clear at a reduced rate.
How long does BYDFi take to process withdrawals?
Instant to 24 hours for e-wallets. Bank transfers take 1 to 3 business days.
Does BYDFi charge withdrawal fees?
None. BYDFi does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does BYDFi have an API?
Yes. Beyond its web and mobile front ends, BYDFi exposes a public REST and WebSocket API, the hook for automated strategies, custom bots, and outside portfolio tools that read from an account.