and UNI. Each leveraged token has a 3x long and 3x short option, providing users with even more flexibility in their trading strategies. Leveraged tokens are a great way to increase your profits in a shorter amount of time while managing risk effectively.BYDFi also offers lite contracts with up to 125x leverage. These contracts have simple rules and allow users to trade with high leverage. This can result in higher potential returns but also carries a higher level of risk.
Perpetual futures are another feature offered by BYDFi. These include USDT-M and Coin-M perpetual futures with up to 150x leverage. This sets BYDFi apart from other exchanges where the maximum leverage for perpetual contracts is typically 100x or 125x. Perpetual futures offer higher potential returns and greater flexibility and convenience for traders.
Copy trading is another benefit offered by BYDFi. This feature allows users to follow master traders in one click and let them trade on their behalf. This is perfect for beginners who may not have extensive knowledge of technical analysis or for those who want to follow other profitable traders with proven track records.to practice trading without risking real funds. This allows users to test their trading skills and strategies before trading with real money.
Finally, BYDFi offers a fiat gateway with user-friendly deposit options for new traders. These options include credit/debit cards and bank transfers and support for over 100 currencies. In summary, BYDFi offers a wide range of features and benefits to its users including spot trading, leveraged tokens, lite contracts, perpetual futures, copy trading, demo trading and a fiat gateway. These features provide users with flexibility in their trading strategies and the ability to manage risk effectively while potentially increasing their profits.
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