With cryptocurrency markets trading at an all time high and global macroeconomic conditions further boosting the crypto market rally, many of the global users, specially in western countries such as the USA, are looking for the right platforms for trading opportunities. In our article today, we will discuss two such crypto exchanges and see which ones is the better one for trading, based on several factors.
What is BYDFi?
BYDFi, formerly and popularly known as BitYard, is a prominent blockchain centralized exchange established in 2020. It is dedicated to providing secure, convenient, and innovative digital asset trading services. The platform is committed to fostering a transparent, efficient, and trustworthy digital asset trading environment for users worldwide. BYDFi champions the advancement of the digital economy and global financial inclusion.
What is KuCoin?
Founded by Michael, he began coding at 8 and started his first company at 16. When his boss Eric told him about Bitcoin in 2012, he immediately began mining it. However, he found it difficult to sell his BTC on Mt. Gox, the world’s largest platform at the time, which made him realise the need for a better alternative. As blockchain adoption grew, Michael and Eric realized it was transforming the financial system to benefit everyone, not just the wealthy. By the end of 2013, they started writing code for KuCoin in a cafe, with the goal of creating a “People’s Exchange” that would make crypto accessible to all.
As you can see, both BYDFi and KuCoin are trying to serve the same purpose. Making crypto trading more accessible and inclusive for all, allowing everyone to easily trade across a variety of currencies on their exchanges. Both platforms also offer trading in futures, and other contracts around a wide range of crypto currencies.
Key features of BYDFi which make it a better option than KuCoin
While KuCoin is an old and trusted crypto exchange, BYDFi now provides several features which make it a better option than KuCoin. Let us see some of those features below:
Spot Trading
BYDFi provides some of the fastest spot trading features across many crypto exchanges globally. You can trade your cryptocurrencies anytime, anywhere using the exchange, with options of doing the same via a mobile application as well.
Derivatives
Cautious trading instruments such as Derivatives and related contracts are easier and safer to trade on BYDFi compared to other exchanges. With a variety of trading options and a comprehensive contracts system, you can trade contracts with the world’s best cryptocurrency exchange.
BYD Point
One of the USPs and a feature that you only find on BYDFi is the points system. You can earn BYD points by trading to share huge airdrops across the exchange, allowing you to get that additional income.
Leveraged Tokens
With BYDFi, you can use leverage to magnify investment returns through simple buying and selling. With BYDFi leveraged tokens, you are provided leveraged exposure to an underlying asset, like a cryptocurrency, without the risks of margin trading or liquidation, allowing you as a trader to amplify potential profits (and losses).
Buy Crypto
Sometimes, tasks as simple as buying a cryptocurrency of your choice, can be a hassle and tiring experience across many exchanges, With BYDFi, that is not the case, since its seamless digital experience provides an easy to use interface to buy cryptocurrencies instantly.
Trading Bots
With BYDFi, you can easily earn passive income as well, apart from your crypto trading, by using strategies that employ trading bots. Use these safe, easy to use bots provided by the crypto exchange to get additional income sources during trading.
P2P
BYDFi also provides an easy to use and rather unique platform to buy and sell cryptocurrencies freely with other platform users. Using state of the art encryption technology, the exchange protects all its users and ensures seamless transactions amongst users as well.
As you can see, while these are some of the main highlight features, BYDFi provides so much more than any other Crypto exchanges globally. Hence, a solid product to use and your go-to-platform for cryptocurrency trading, whether you are an amateur or an experienced trader.
