Summary:

Perpetual contracts on BYDFi offer access to over 400 trading pairs with leverage up to 200x, surpassing the typical 100x–125x on most exchanges. Beginners can start with just $10, and demo trading provides 50,000 USDT for practice. BYDFi supports 700+ cryptocurrencies, operates in 190+ countries, and was ranked a Top 10 exchange by Forbes in 2023.

Perpetual contracts have revolutionized the crypto market, now accounting for over 75% of all crypto derivatives trading volume globally, with daily volumes exceeding $100 billion on peak trading days.

For anyone serious about cryptocurrency trading, perpetual contracts provide powerful tools for hedging, speculating, and building leveraged strategies. We’ll walk you through everything you need to know to set up your first perpetual trade on BYDFi, one of the top-rated global crypto exchanges.

What Are Perpetual Contracts?

A perpetual contract is a type of derivative that allows traders to speculate on the price of a cryptocurrency without actually owning the underlying asset. Unlike traditional futures, perpetual contracts don’t have an expiration date. This means you can hold a position for as long as you want, so long as your margin requirements are met.

On BYDFi, traders can access over 400 perpetual trading pairs across major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, and even Memecoins like DOGE and SHIB. This makes the platform a one-stop-shop for both conservative investors and high-risk speculators.

Why Trade Perpetual Contracts on BYDFi?

Our concept Perpetual Contracts 101 explains how perpetual futures work on BYDFi, with clear insights into leverage, funding rates, and pro-level risk management strategies for crypto traders.

• Up to 200x Leverage: Most exchanges cap leverage at 100x–125x, but BYDFi pushes the limit to 200x, offering traders more flexibility and higher earning potential.
• Over 400+ Perpetual Pairs: BYDFi covers everything from BTC/USDT to niche altcoins and Memecoins.
• Advanced Margin Modes: Choose between isolated margin for targeted risk or cross margin for optimized fund allocation.
• Transparent Fees: Traders can monitor real-time profit, loss, and fees with no hidden charges.
• Demo Trading: BYDFi offers a 50,000 USDT demo account for risk-free practice.
• Multi-Layered Security: With cold storage, 2FA, and Proof of Reserves, your assets are protected by the industry’s best practices.

Step-by-Step Guide: Setting Up Your First Perpetual Trade on BYDFi

Step 1: Create Your BYDFi Account

Head over to BYDFi.com and click “Sign Up.” Enter your email, set a strong password, and confirm your account through the verification link.

Pro Tip: Immediately activate Two-Factor Authentication (2FA) for added security.

Step 2: Fund Your Account

You can fund your account in two ways:

1. Fiat Gateway – Use your credit/debit card or bank transfer via partners like Banxa, Mercuryo, or Transak.
2. Crypto Transfer – Deposit crypto from another wallet or exchange. Ensure the correct blockchain network is selected to avoid irreversible losses.

BYDFi supports over 100 fiat currencies and 700+ cryptocurrencies, offering unmatched flexibility.

Step 3: Go to the Perpetual Contracts Dashboard

Navigate to the “Perpetual” section on the top menu. You’ll be presented with:

• A trading chart powered by advanced indicators
• Market and limit order options
• Real-time order book and trade history
• Leverage settings and margin info

Step 4: Choose Your Trading Pair

BYDFi offers a wide range of pairs. Popular perpetual contracts include:

Pair	Type	Leverage Limit
BTC/USDT	USDT-M	Up to 200x
ETH/USDT	USDT-M	Up to 200x
DOGE/USDT	Coin-M	Up to 100x
SHIB/USDT	Coin-M	Up to 100x

You can switch between USDT-M (USDT-margined) and Coin-M (coin-margined) based on your strategy.

Step 5: Set Leverage and Margin Mode

Use the slider to select your desired leverage (1x to 200x). Higher leverage = higher risk and reward.

• Isolated Margin: Losses are confined to the amount allocated to that position.
• Cross Margin: Shares margin across all open positions, reducing liquidation risk.

BYDFi’s February 2025 update also introduced:

• Hedging with bidirectional trades
• Opening new positions without closing losing ones
• Shared funds across positions in full-margin mode

Step 6: Place Your Order

BYDFi supports the following order types:

• Market Order: Executes instantly at current market price
• Limit Order: You set the desired entry price
• Trigger Order: Triggers an order once a specific price is reached

After entering the amount and price, click “Open Long” (bet on rising price) or “Open Short” (bet on falling price).

Step 7: Monitor and Manage Your Trade

Once your order is live, you’ll see it under “Open Positions” with:

• Entry price
• Liquidation price
• PnL (Profit and Loss)
• Margin level

You can close the trade manually, or set Take Profit / Stop Loss orders to automate your exit.

BYDFi’s Unique Features for Perpetual Traders

Copy Trading

Even if you’re a beginner, you can follow seasoned traders through BYDFi’s Copy Trading feature. With a minimum of $10, you can automatically mimic professional strategies, ideal for learning the ropes.

Perpetual Grid Trading

This automated bot executes buy-low, sell-high within a price range you set. It’s ideal for sideways markets and works 24/7, even when you’re asleep.

Martingale Strategy

Available for perpetual contracts, this high-risk strategy increases investment size after each loss, aiming to recover losses when the trend reverses. It suits volatile markets and users who are confident in their risk management.

Real Asset Security: Trade with Peace of Mind

BYDFi is among the most secure platforms in crypto. Here’s why:

• Proof of Reserves: Assets are 1:1 backed and verified.
• Strict Whitelisting: Only pre-approved wallet addresses can receive withdrawals.
• Regulatory Licenses: Registered as MSB in both the U.S. and Canada, and a CODE VASP member in South Korea.

Fees & Transparency

Unlike many exchanges with hidden charges, BYDFi provides full transparency:

• View trading fees, history, and performance in real time
• No hidden commissions or penalties
• Competitive maker/taker fees for high-frequency traders

Practice Before You Trade

If you’re not ready to risk real money, start with BYDFi’s demo trading account. With 50,000 USDT in virtual funds, you can:

• Test strategies
• Learn how leverage works
• Get familiar with order placement

This makes BYDFi especially welcoming to new users or those switching from other platforms.

Final Thoughts:

In just five years, BYDFi has evolved into one of the most trusted and feature-rich crypto trading platforms globally. With tools like MoonX, copy trading, and up to 200x leverage, perpetual traders gain unmatched flexibility and opportunity.

Whether you’re entering a volatile market or executing a long-term hedge, BYDFi offers both the technical muscle and security backing to support you at every step.

So if you’re ready to move beyond simple buy-and-hold strategies and start actively trading, there’s no better place to begin than BYDFi’s perpetual contracts dashboard.