Looking to get trading fee discounts on ByDFi exchange? This guide covers all methods to maximize fee discounts when signing up for ByDFi. From referral code usage to VIP tier systems and platform token utilization, we’ve compiled only the most practical information.
What is ByDFi Exchange?
ByDFi is a Singapore-based cryptocurrency exchange established in 2020. Supporting both spot and derivatives trading, it has gained popularity among DeFi traders particularly for listing numerous DeFi-related tokens.
Key features include:
- Over 300 trading pairs supported
- Up to 100x leverage derivatives
- Fee discounts through native BYD token
- Mobile app and web trading support
- 24/7 customer support service
Understanding ByDFi Fee Structure
ByDFi fees vary by trading type and membership tier. Understanding the basic fee structure is essential for developing discount strategies.
Spot Trading Fees Spot trading has different rates for Maker (limit orders) and Taker (market orders). Regular members pay approximately 0.1% for Maker and 0.15% for Taker fees, which decrease progressively with higher VIP tiers.
Futures Trading Fees Futures trading enjoys lower fee rates than spot trading. Base Maker fees are 0.02% and Taker fees are 0.06%, with additional discounts for high-volume traders.
Deposit and Withdrawal Fees Cryptocurrency deposits are free, but withdrawals incur network-specific fees. Bitcoin withdrawals cost around 0.0005 BTC, Ethereum 0.005 ETH, varying with network conditions.
3 Key Methods to Get Fee Discounts
- Sign Up with Referral Code Entering a referral code during ByDFi registration provides immediate fee discounts. Signing up through the referral program grants permanent percentage discounts on trading fees. Code entry is only possible during registration, so ensure you input it during the signup process.
Registration process:
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Access ByDFi official website
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Click Sign Up button
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Enter email address and password
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Input referral code in Referral Code field
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Complete email verification
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Proceed with KYC verification (optional but recommended for higher withdrawal limits)
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Hold BYD Tokens Holding ByDFi’s native BYD token provides additional fee discounts. Setting BYD as your fee payment method automatically applies a 25% discount on base fees.
BYD Token Tips:
- Purchase via BYD/USDT pair on the exchange
- Small holdings sufficient for fee payment discounts
- Additional benefits from BYD staking
- Hold appropriate amounts considering token price volatility
- Increase VIP Level VIP levels are determined by 30-day trading volume and BYD holdings, with higher levels offering greater fee discounts. Ranging from VIP 1 to VIP 9, top tiers even offer negative Maker fees providing rebates.
VIP Tier Benefits Comparison
| VIP Level | 30-Day Volume (USDT) | BYD Holdings | Spot Maker | Spot Taker | Futures Maker | Futures Taker |
|---|---|---|---|---|---|---|
| Regular | < 1M | 0 | 0.10% | 0.15% | 0.02% | 0.06% |
| VIP 1 | ≥ 1M | ≥ 1,000 | 0.09% | 0.14% | 0.018% | 0.055% |
| VIP 2 | ≥ 5M | ≥ 5,000 | 0.08% | 0.13% | 0.016% | 0.05% |
| VIP 3 | ≥ 10M | ≥ 10,000 | 0.07% | 0.12% | 0.014% | 0.045% |
| VIP 4+ | Contact Exchange | Contact Exchange | Negotiable | Negotiable | Negotiable | Negotiable |
*Actual fee rates may change according to exchange policies, verify latest information after registration.
Practical Fee Reduction Strategies
Utilize Limit Orders Since Maker fees are lower than Taker fees, use limit orders for non-urgent trades. This saves approximately 0.05% compared to market orders.
Concentrate Trading Volume Rather than spreading across multiple exchanges, concentrating volume on ByDFi helps achieve higher VIP tiers. Even 1 million USDT monthly volume qualifies for VIP 1 benefits.
Leverage Event Periods ByDFi regularly runs fee discount events. Newly listed tokens often have temporary fee waivers or significant discounts, so check announcements frequently.
Optimize Withdrawal Fees Save fees by consolidating withdrawals rather than frequent small withdrawals. Also utilize cheaper networks like TRC20 or BEP20 as fees vary by network.
Frequently Asked Questions
Q1. Can I enter a referral code after registration? A: No. Referral codes can only be entered during registration and cannot be added after signup completion. Prepare a valid referral code before registering.
Q2. Must I purchase BYD tokens? A: Not mandatory, but holding some is recommended for the 25% fee discount and VIP tier advancement. For frequent traders, discount benefits can exceed token purchase costs.
Q3. Are VIP levels permanent? A: No. VIP levels are recalculated monthly on the 1st based on the previous 30-day trading volume and BYD holdings. Maintaining levels requires consistent trading volume.
Q4. Is ByDFi cheaper than other exchanges? A: Direct comparison is difficult as each exchange has different fee structures. However, combining referral codes and BYD discounts provides competitive rates compared to major exchanges.
Conclusion: Start Now
We’ve covered all ByDFi exchange fee discount methods. Combining three strategies - signing up with referral codes, utilizing BYD tokens, and increasing VIP levels through volume - can significantly reduce fees.
Especially for traders active in DeFi tokens, ByDFi’s diverse listings and low fee structure offer significant advantages. From beginners starting crypto trading to professional high-volume traders, develop fee reduction strategies suited to your trading style.
Sign up for ByDFi now and receive referral benefits to start trading. Join through CryptoFeeBack for automatic additional cashback benefits.
Cryptocurrency trading carries risk of principal loss due to high volatility, requiring careful investment decisions.
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