In recent years, cryptocurrency trading has grown rapidly as more individuals seek digital investment opportunities. For newcomers, navigating this space can be overwhelming due to the complexity of platforms, various trading tools, and security requirements. This is where BYDFi offers a simpler, more guided approach for individual investors. Launched in 2020, BYDFi positions itself as a one-stop social trading platform that combines convenience, security, and advanced trading capabilities. This beginner’s guide to crypto trading explains how new users can begin trading using the BYDFi app, step-by-step, and covers all the tools, features, and benefits available.
BYDFi’s core idea is reflected in its slogan “BUIDL Your Dream Finance,” and its mission is to give users control over their trades and assets. Whether users are looking to trade major tokens or explore high-risk, high-reward MemeCoins through the MoonX tool, BYDFi provides the tools required to begin. MoonX is BYDFi’s dedicated on-chain platform for MemeCoin trading. It supports over 500,000 trading pairs and integrates smart tools like AI-driven asset tracking, whale wallet monitoring, and one-click copy trading.
The first step for using BYDFi is account creation. Visit the BYDFi website or install the mobile app. Tap the “Sign Up” button and fill out the required information, such as your email address and password. After receiving a verification email, confirm your email to complete the registration.
Once registered, it is important to secure the account. Log in and go to the security settings page. Enable Two-Factor Authentication (2FA). This extra step helps protect the account from unauthorised access. It’s a good idea to use an authentication app rather than SMS for more reliability.
Now that the account is set up, users will need cryptocurrency assets to trade. There are two common methods to fund a BYDFi account:
Step 1: Buy crypto with a credit or debit card. Users can visit the third-party payment section, select the amount they want to buy, and complete the transaction. Availability of payment methods may vary based on region.
Step 2: Transfer crypto from another wallet or exchange. If the user already owns crypto elsewhere, they can send it to their BYDFi wallet. It is essential to choose the correct blockchain network when transferring, as sending assets to the wrong address cannot be reversed.
After obtaining assets, trading can begin. BYDFi offers different types of trading depending on what the user is looking for. Beginners might start with spot trading, which involves buying and selling cryptocurrencies at current market prices. For more advanced users, BYDFi provides options for futures contracts and trading bots. Trading bots like grid and martingale allow users to automate buy-sell strategies based on certain rules.
MoonX, BYDFi’s meme coin-focused tool, stands out for its fast and smooth trading features. It supports both Solana and BNB Chain, offering access to a vast number of MemeCoins. MoonX gives traders access to real-time market data, tracking of large investors (whales), and institutional fund movement. Users can see which MemeCoins are trending and follow top-performing wallets.
One unique part of MoonX is its “Alpha” feature. Alpha tracks which MemeCoins are gaining traction and ranks them. It analyses on-chain behaviour, investor sentiment, and capital movement to highlight trending assets. Alpha also filters out low-quality tokens and scams by using risk detection tools. This allows users to focus on higher-quality assets.
To improve trading efficiency, MoonX offers:
One-click buy/sell features for quick trades.
Limit and market order options for price control.
Take-profit and stop-loss tools for automatic trade exits.
“Sell Half on a Double” to lock profits when a token’s value doubles.
For users who prefer to follow experts, MoonX also includes copy trading. With this tool, users can duplicate the trades of experienced investors. The system identifies smart traders and replicates their trades in real time. This can help beginners participate in advanced strategies with less manual work.
BYDFi emphasises user safety and asset protection. The platform uses advanced cryptographic protocols and works with security partners like Safeheron. They implement technologies such as Multi-Party Computation (MPC) and Trusted Execution Environment (TEE) to protect user funds. These methods ensure that private keys are not exposed and transactions happen in a secure zone. The app also requires Multi-Factor Authentication (MFA) and on-chain transaction approval.
To increase protection further, BYDFi works with GoPlus, a third-party auditing service that checks for vulnerabilities in smart contracts. Users receive real-time alerts if any high-risk tokens or phishing scams are detected on the trading pairs.
The platform supports both desktop and mobile use. All transactions, whether on a browser or app, go through secure signature processes. This minimises the risk of phishing or key theft. For beginners, BYDFi also offers a new user reward program. Users can receive up to 8,100 USDT in bonuses by completing basic tasks such as signing up, securing their accounts, and making their first trades. These tasks are simple and help users learn how to use the platform effectively.
Users interested in MemeCoin trading can also take part in a promotional campaign through MoonX. Currently, the service is offering zero trading fees for a limited time. This allows users to explore trending tokens and trading tools without paying transaction charges. It is a useful opportunity for testing the platform’s full features without financial pressure.
BYDFi offers a comprehensive entry point for those who wish to trade cryptocurrencies with confidence. Its clear sign-up process, strong security framework, and variety of trading features help users at all levels. For those interested in the fast-moving world of MemeCoins, MoonX adds another dimension with its advanced tracking tools and zero-fee trading campaign. Whether you are a beginner or looking to improve your strategy, BYDFi provides the necessary tools to take part in the crypto economy effectively.
