BYDFi vs SimpleSwap

BYDFi3.3/5

VS

SimpleSwap4.1/5

Feature	BYDFiVisit	SimpleSwapVisit
Ratings
Our score	3.3/5	4.1/5
User rating	No reviews yet	No reviews yet
Fees	3.5	3.0
Security & trust	3.0	4.0
Asset selection	3.5	5.0
Ease of use	3.5	4.5
Support	3.0	4.0
Specs
Markets	Spot, Futures, Copy trading	Spot
Maker fee	0.1%	Not disclosed
Taker fee	0.1%	Not disclosed
Coins listed	Not disclosed	2,800
Fiat deposit methods	Not disclosed	Card
KYC required	Not disclosed	No
Proof of reserves	Yes	Not disclosed
Staking / earn	Yes	Not disclosed
Mobile app	Yes	Yes
Security features	Not disclosed	Non-custodial architecture, Direct wallet settlements
Futures & perpetuals	Yes	No
Max leverage (x)	500	Not disclosed
Copy trading	Yes	No
P2P market	Not disclosed	No
Earn / savings products	Yes	Not disclosed
User protection fund	Yes	Not disclosed
Referral program	Not disclosed	Yes
Company
Founded	2020	2018
Headquarters	—	—
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	Derivative contracts support leverage up to 500x on Bitcoin Maintains an 800 BTC reserve fund to protect user balances Base spot trading fees set at a flat 0.1% maker and taker rate Copy trading lets users mirror strategies without managing manual orders	No account registration required for standard crypto-to-crypto swaps Non-custodial model delivers converted assets directly to personal wallets Extensive catalog covering more than 2,800 cryptocurrencies Choice between fixed guaranteed rates and floating market rates
Cons	Custodial platform model leaves funds subject to counterparty and withdrawal freeze risks Extreme 500x leverage creates sharp liquidation exposure in volatile markets Quick buy fiat gateways rely on third-party payment providers with variable spreads	Built-in exchange spreads can exceed traditional spot order-book trading fees Transactions flagged by automated AML risk scoring trigger sudden KYC holds No order books, limit orders, futures, or margin trading Fiat purchases rely on third-party processors with separate fees and verification
Best for	High-leverage derivatives traders, Users seeking automated copy trading, Spot traders using DCA bots	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

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