If you’re starting to trade on BYDFi, entering a referral code is essential. By simply entering the code once during sign-up, you’ll receive a lifetime 20% trading fee discount. This guide provides detailed instructions on where to enter the BYDFi referral code, how to verify the discount is properly applied, and additional cashback benefits you can claim—all ready for immediate practical use.
What Is a BYDFi Referral Code
A BYDFi referral code is an alphanumeric code that existing users share with new sign-ups. When a new user enters this code on the registration screen, the exchange provides benefits to both parties. The new user receives a trading fee discount, while the referrer earns a commission from a portion of the fees generated by the new user’s trades.
BYDFi charges maker and taker fees on both spot and futures trading. Accounts that enter a referral code receive a lifetime 20% discount off the base fees. For example, if the base taker fee is 0.1%, the discounted rate becomes 0.08%. As your trading volume increases, so do your savings, making it crucial to enter the code at sign-up. Once registration is complete, the code cannot be applied retroactively.
Step-by-Step Guide to Entering a Referral Code
The process of entering a referral code on the BYDFi sign-up screen is straightforward, but there are easy-to-miss details. Follow these steps in order:
Step 1: Access the Registration Page
On the BYDFi official website or mobile app, click the ‘Sign Up’ or ‘Register’ button. You can choose to register with either email or phone number.
Step 2: Locate the Referral Code Field
Below the email or phone number input field, you’ll find a ‘Referral Code’ or ‘Invitation Code’ entry box. Some screens display this as ‘Optional’, but you must enter a code to receive the discount.
Step 3: Enter the Code Accurately
Referral codes are case-sensitive, so enter them precisely. Check for any spaces or special characters. Copy-paste is recommended.
Step 4: Verify Discount Application After Sign-Up
After completing password setup, identity verification, and registration, check the ‘Fee Discount’ section in your BYDFi account settings. If 20% discount is displayed, the application was successful.
Both mobile app and web follow the same flow. In some cases, accessing through a promotional link may auto-fill the referral code—simply complete registration without additional input.
The Difference Between Fee Discount and Cashback
Many users confuse ‘discount’ with ‘cashback’. The BYDFi referral code provides a fee discount, while cashback is a separate benefit.
| Category | Fee Discount | Cashback |
|---|---|---|
| Application Timing | Discounted fee charged immediately upon trade execution | Portion of fees returned after trading, at regular intervals |
| Provider | BYDFi Exchange | External cashback sites like CryptoFeeBack |
| Benefit Size | 20% referral code discount | Varies by exchange and tier |
| Stackable | Yes (referral discount + cashback simultaneously) | Yes |
Signing up through CryptoFeeBack allows you to receive both the 20% BYDFi referral code discount and separate cashback, further reducing your effective fee burden. Cashback is settled monthly or weekly and deposited to your wallet, making accumulated benefits significant for long-term traders.
Verifying Discount Application and Troubleshooting
Sometimes the discount doesn’t appear even after entering a referral code. Use this checklist to verify:
- Account Settings Menu: In the BYDFi app or web, go to ‘My Account’ → ‘Fee Discount’ and check whether 20% discount is displayed.
- Trade History: Execute one actual trade, then check the fee rate in ‘Trade History’. If it’s lower than the base fee, it’s working correctly.
- Sign-Up Timing: Codes can only be entered before completing registration. If you’ve already signed up, you’ll need to create a new account or contact BYDFi customer support (retroactive application may not be possible per exchange policy).
- Code Typos: Recheck for case sensitivity, spaces, and similar characters (O vs 0, l vs I).
If the discount doesn’t appear despite following all steps correctly, contact BYDFi customer support via live chat or email. Provide the referral code used during sign-up and your account email for faster processing.
BYDFi Trading Fee Structure and Discount Impact
BYDFi fees vary by VIP tier. Below is a typical fee structure (subject to change per exchange announcements):
| Tier | 30-Day Volume (USDT) | Base Maker | Base Taker | Taker with Referral Discount |
|---|---|---|---|---|
| VIP 0 | ~50,000 | 0.02% | 0.06% | 0.048% |
| VIP 1 | 50,000~500,000 | 0.018% | 0.055% | 0.044% |
| VIP 2 | 500,000~2,000,000 | 0.016% | 0.05% | 0.04% |
The 20% referral code discount applies to all tiers, so you continue receiving additional discounts even as your trading volume increases VIP tiers. For example, a VIP 1 user trading 1 million USDT monthly with referral discount pays 0.044% taker fee, saving dozens of dollars monthly compared to trading without the discount.
Can Referral Codes Stack with Promotions
BYDFi frequently runs promotions for new users (deposit bonuses, trading competitions, etc.). Referral code discounts stack with most promotions. For example:
- Deposit Bonus: Accounts signed up with referral codes can still receive first-deposit bonuses.
- Trading Competitions: Discounted fees allow you to increase trading volume and improve competition rankings.
- VIP Upgrade Events: Referral discounts apply separately from VIP tier fee discounts, so both discounts combine.
However, some ‘special invitation link’ promotions may disable the referral code field, so compare both benefits before signing up and choose the more advantageous option.
Practical Tips: Maximizing Fee Savings
To maximize referral code discount benefits, follow these strategies:
Target VIP Tier Upgrades if Trading Volume is High: The 20% referral discount multiplies against base fees, so absolute savings increase as VIP tier rises. Set monthly volume targets to upgrade tiers.
Use Cashback Sites Simultaneously: Signing up through cashback platforms like CryptoFeeBack provides fee refunds separate from exchange discounts. Combining both benefits significantly lowers effective fee rates.
Utilize Maker Orders: BYDFi maker fees are lower than taker fees. Trading with limit orders combines referral discount and maker fee discount for the lowest possible fees.
Verify Discount-Applied Accounts: If managing multiple accounts, conduct primary trading only on accounts with applied referral codes. Accidentally trading on accounts without discounts results in losses.
Frequently Asked Questions
Q1. Can I add a referral code to an existing account later?
Like most exchanges, BYDFi does not support retroactive application of referral codes after registration. To receive the discount, create a new account and enter the code during sign-up. You can contact customer support if you wish to continue using the existing account, but policy-wise this is likely not possible.
Q2. Does the referral code discount apply to both spot and futures?
Yes, the BYDFi referral code 20% discount applies to both spot trading and futures/margin trading. You receive lifetime discounts regardless of trading type.
Q3. If I sign up without a referral code, can I never get the discount?
Correct. The opportunity to enter a referral code exists only once at sign-up. Signing up without a code means paying base fees for life, so secure the code beforehand and enter it accurately.
Q4. Which is more advantageous: referral discount or VIP tier discount?
Both discounts apply separately. As VIP tier rises and base fees decrease, the 20% referral code discount applies again to the reduced base fee, making it most advantageous to receive both. For example, applying 20% discount to VIP 1 taker fee of 0.055% results in 0.044%.
Conclusion and Sign-Up Instructions
The BYDFi referral code is an essential benefit that reduces trading fees by 20% for life simply by entering it once during sign-up. The code entry location is the ‘Referral Code’ field on the registration screen. Since retroactive application is impossible after completing registration, secure the code beforehand and enter it accurately.
Signing up through the cashback platform CryptoFeeBack allows you to receive fee refunds in addition to exchange referral discounts, further lowering actual trading costs. Check the BYDFi sign-up link on CryptoFeeBack now and register with the referral code auto-applied. After registration, verify discount application in account settings before starting to trade.
Cryptocurrency trading involves high volatility and risk of loss, and you may lose your entire investment principal.
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