A Trader’s Journey with BYDFi and BitDegree

The trader’s journey began with a clear goal: to better understand the cryptocurrency world. To do so, they changed to: BitDegree, a leading Web3 training hub known for its extensive learning resources..

Through gamified missions, tutorials on trading strategies, and a comprehensive review of cryptocurrency platforms, the trader learned the basics of cryptocurrency trading and accidentally discovered BYDFi, a popular cryptocurrency exchange.

Intrigued by the proposition, they decided to try it. BYDFi stands out for its cutting-edge trading tools, real-time market insights, and possibilities. Withdraw large amounts of money without much hassle.

April 13, 2024, The trader invested $220,000. On cryptocurrency exchanges. Using the knowledge gained from BitDegree and BYDFi’s perpetual futures tool, they skillfully navigated the volatile but promising cryptocurrency market.

Combining a solid educational foundation with advanced trading skills has proven to be a winning formula. Just seven days later, on April 20, traders were able to withdraw $730,000 from BYDFi. Increased investment by $510,000.. Demonstrated remarkable growth in a short period of time The power of knowledge and the right trading platform.

Speaking of which, the trader in question explored the perpetual futures market on BYDFi, but this is not the only trading option on the platform. First of all, we provide traditional services. Spot trading and cryptocurrency purchase functions.

In addition, it also provides the following features: conversion tool, you can exchange digital currencies with just one click. Overall, the exchange is supportive. Over 400 cryptocurrencies.

But BYDFi doesn’t stop at traditional trading tools. Users can also engage in automated trading through trading bots. As of this writing, there are three types of trading bots on exchanges. spot grid For arbitrage, spot investment for a long-term strategy spot martingale This is to reduce average cost.

For derivatives markets, BYDFi supports both. USDT-M perpetual contract and COIN-M perpetual contractAllow users to trade Up to 200x leverage. However, the maximum leverage for each trading pair is different. By the way, BYDFi’s spot market also supports leveraged trading, but the leverage is slightly smaller. 125 times.

One way or another, the leverage offered by the platform is quite high compared to other cryptocurrency exchanges. Just keep in mind The higher the leverage, the higher the risk..

Traders looking to engage in leveraged trading with less risk can try BYDFi. leveraged tokens. It allows trading with up to 3x leverage, but has no margin and has its own risk control mechanism.

But the best thing about BYDFi Derivatives Market is that it also supports derivatives markets. demo trading. So, if you want to test your knowledge and trading strategies before investing real money in cryptocurrency, you can easily do so at BYDFi.

If you decide to do real trading, pay attention to what this exchange has to offer. fair trade fee. Spot trading fees vary between 0.1% and 0.02%, while for futures trading, the maker fee is 0.02% and the taker fee is 0.06%.

Also let’s not forget Gift Bonuses from BYDFi (or Perpetual Contract Bonuses), which can be obtained in exchange or by completing tasks during various campaigns. Gift bonuses can be used as follows: Reduced margins, transaction fees, and funding fees When trading perpetual futures contracts.

That said, are you ready to change your cryptocurrency journey? Explore BYDFi today and see how far knowledge can take you. Visit BitDegree for more useful insights and learning resources.

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