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 1. Check the Trader Leaderboard The BYDFi copy trading homepage features a well-designed leaderboard that helps you select the most suitable trader based on a range of filtering criteria. The contract trader leaderboard ranks traders comprehensively based on factors such as return rate, cumulative profit, win rate, and trading frequency. Whether you're looking for a stable trader or are interested in high-risk strategies, BYDFi provides a clear selection to suit your needs. You can browse the leaderboard based on your preferences to find the right trader.
 <img src="https://uploads.bydfi.in/events/cmsBYD.1739864580944.image.png" alt="BYD.1739864580944.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1739864580944.image.png" style="width: 50%;">
 <img src="https://uploads.bydfi.in/events/cmsBYD.1739864622911.telegram-cloud-photo-size-5-6158841480668627827-y.jpg" alt="BYD.1739864622911.telegram-cloud-photo-size-5-6158841480668627827-y.jpg" data-href="https://uploads.bydfi.in/events/cmsBYD.1739864622911.telegram-cloud-photo-size-5-6158841480668627827-y.jpg" style="width: 50%;">
 
 2. Use the Filtering Function The BYDFi copy trading homepage offers a variety of filtering options, allowing followers to select traders that best meet their criteria. Filters include cumulative profit, return rate, win rate, trading frequency, and more, enabling you to quickly identify trustworthy traders.
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 3. Check the Trader’s Profile Data Each trader on BYDFi has a dedicated profile page. When you click on a trader’s profile, you can view detailed statistics about their performance. We provide multiple trading indicators to help you thoroughly evaluate their track record. These indicators assist in determining whether a trader aligns with your copy trading needs, and you can click the "i" icon for a detailed explanation of each data point.
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How to Choose a Trader

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 A line order is a type of trading order that allows traders to draw a horizontal line on a chart. When the market price reaches that level, the order is automatically triggered. This method of placing orders allows traders to more accurately control the timing of entry and exit, and can more flexibly use technical analysis strategies for trading.
 
 How to operate the line order function on the APP
 
 1. Enter the perpetual trading page and click the K-line symbol in the upper right corner to enter the chart page. 
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735561679543.Line%20Order1.png" alt="BYD.1735561679543.Line Order1.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735561679543.Line Order1.png" style="width: 50%;">
 
 2. Click on the + symbol on the left side
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735561748854.Line%20Order2.png" alt="BYD.1735561748854.Line Order2.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735561748854.Line Order2.png" style="width: 50%;">
 
 3. Click the mark and move to the specified point
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735561761715.Line%20Order3.png" alt="BYD.1735561761715.Line Order3.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735561761715.Line Order3.png" style="width: 50%;">
 
 4. Choose the appropriate transaction type, such as limit order, market order, and set the quantity or amount according to your trading strategy
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735561771591.Line%20Order4.png" alt="BYD.1735561771591.Line Order4.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735561771591.Line Order4.png" style="width: 50%;">
 
 How to operate the line order function on the PC
 
 1. Enter the perpetual trading page and select the trading pair
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735561791978.Line%20Order5.png" alt="BYD.1735561791978.Line Order5.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735561791978.Line Order5.png" style="width: 100%;"><img src="/guide-media/01HZRJQ7N5B5N6PSH7GQEB83K9" alt="" data-href="" style="">
 2. When the + symbol appears on the chart, move to the desired price and click the symbol
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735561801870.Line%20Order6.png" alt="BYD.1735561801870.Line Order6.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735561801870.Line Order6.png" style="width: 100%;"><img src="/guide-media/01HZRKNSNWXXC9JHF3WWWPGKV2" alt="" data-href="" style="">
 3. Click + and a menu will pop up, then select the order method you want.
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735561813513.Line%20Order7.png" alt="BYD.1735561813513.Line Order7.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735561813513.Line Order7.png" style="width: 100%;">
 4. Then place an order according to your choice
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735561824528.Line%20Order8.png" alt="BYD.1735561824528.Line Order8.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735561824528.Line Order8.png" style="width: 100%;">
 
 How to operate take profit / stop loss on chart using the APP
 
 1. Click on the displaying position information on the candle
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735561835382.Line%20Order9.png" alt="BYD.1735561835382.Line Order9.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735561835382.Line Order9.png" style="width: 50%;">
 
 2. Then click on the corresponding position button and when the specific profit and loss amount is displayed, drag the corresponding drawing line
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735561862245.Line%20Order10.png" alt="BYD.1735561862245.Line Order10.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735561862245.Line Order10.png" style="width: 50%;">
 
 3. A pop-up window at the bottom will appear to set the Take Profit and Stop Loss. 
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735561872902.Line%20Order11.jpg" alt="BYD.1735561872902.Line Order11.jpg" data-href="https://uploads.bydfi.in/events/cmsBYD.1735561872902.Line Order11.jpg" style="width: 50%;">
 
 
 
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Line Order

<img src="https://uploads.bydfi.in/events/cms/BYD.1745393910622.image.png" alt="BYD.1745393910622.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1745393910622.image.png" style="width: 100%;"/><h3>Different Trading Methods</h3>In <a href="https://www.bydfi.com/en/spot/btc3l_usdt" target="_blank">Leveraged Tokens</a>, leveraged tokens are buy/sell, while in derivatives, they are buy long/sell short. <h3>Different Fees</h3>Leveraged Tokens have a transaction fee of 0.2%, while Perpetual Contracts have a taker fee of 0.06% and a maker fee of 0.02%.However, Leveraged Tokens have a management fee of 0.03% (not deducted but reflected in net asset value), while Perpetual Contracts have funding fees that are generated every 8 hours.Related Article: <a href="https://www.bydfi.com/en/support/FAQs/articles/on7fv1tccy2h" target="_blank">Transaction Fee Calculation</a> <h3>Different Investment Scenarios</h3>Due to the commodity characteristics of Leveraged Tokens, they are generally considered more suitable for one-way markets and short-term operations, while derivatives are considered more suitable for back-and-forth operations in oscillating markets. <h3>Different Leverage Methods</h3>Currently, the Leveraged Token products provided by BYDFi has a 3x leverage, which is fixed daily through the <a href="https://www.bydfi.com/server/en/support/PRODUCT_DESCRIPTION/articles/w0jvdcouytej" target="_blank">rebalancing mechanism</a>. The leverage range offered by derivatives trading varies depending on the product. For details, please refer to: <a href="https://www.bydfi.com/en/swap-info?page=4&type=usdt" target="_blank">USDT-M Perpetual Contracts Trading Rules</a> <h3>Different Amount Requirements</h3>The minimum amount for purchasing Leveraged Tokens is 10 USDT. For derivatives, the minimum required amount varies depending on the product category. For Perpetual Contracts, it depends on the product, which can be viewed by clicking on the upper right corner of the product <a href="https://www.bydfi.com/en/spot/btc3l_usdt" target="_blank">trading page</a>. <h3>Risk Bearing</h3>The risk of liquidation for Leveraged Tokens tends to be zero, while derivatives have the risk of liquidation.To minimize trading risks, it is important to understand the different characteristics of the products and choose the ones that suit your needs before trading.

Differences Between Leveraged Tokens and Derivatives

​If you've completed a payment on BYDFi's P2P platform but the merchant hasn't released the cryptocurrency, follow these steps to resolve the issue:​ 1. Contact the MerchantUse the in-app chat feature to reach out to the merchant directly. They might have overlooked the payment or require additional confirmation. Clear and prompt communication can often resolve such delays. <img src="https://uploads.bydfi.in/events/cms/BYD.1744625230048.image.png" alt="BYD.1744625230048.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1744625230048.image.png" style="width: 50%;"/><img src="https://uploads.bydfi.in/events/cms/BYD.1744625293493.image.png" alt="BYD.1744625293493.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1744625293493.image.png" style="width: 50%;"/><h3></h3>2. File an AppealIf the merchant remains unresponsive or refuses to release the crypto after you've marked the payment as completed, initiate an appeal:​BYDFi+5BYDFi+5BYDFi+5Click on the "Appeal" button within the order interface.​<img src="https://uploads.bydfi.in/events/cms/BYD.1744625354651.image.png" alt="BYD.1744625354651.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1744625354651.image.png" style="width: 50%;"/>Provide relevant evidence, such as payment receipts and chat logs.<img src="https://uploads.bydfi.in/events/cms/BYD.1744625386086.image.png" alt="BYD.1744625386086.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1744625386086.image.png" style="width: 50%;"/>BYDFi's customer support will review the case and notify you of the outcome via email. BYDFi facilitates the P2P trading platform and holds the seller's cryptocurrency in escrow until the transaction is confirmed. However, all payments are conducted off-platform, and BYDFi doesn't have the authority to reverse or enforce payment actions. Therefore, it's crucial to ensure all payment details are accurate and to keep thorough records of all transactions. To minimize the risk of such situations:<ul><li>Always verify that the payment has been received in your bank or wallet before marking the transaction as completed.​</li><li>Avoid including sensitive terms like "crypto," "BTC," or "USDT" in payment references, as they might trigger banking issues</li><li>Be cautious of merchants with a history of delayed releases.​</li><li>Utilize the blacklist feature to avoid future transactions with problematic users.</li></ul> Disclaimer: Your use of P2P on BYDFi, including the P2P service itself and all information and other content (including third-party content) accessible through it, is at your own risk. Our sole responsibility is to process cryptocurrency transactions. All payments are final upon completion, unless otherwise specified by law. BYDFi has no right or obligation to resolve any disputes arising from completed payment transactions. BYDFi or merchants are not responsible for any losses incurred in completed payment transactions.

What to Do If Coins Aren’t Released After Payment

🔥 What is Pump.fun?Pump.fun is a tool designed to enhance market liquidity and spark community participation. Through smart contracts, it automates price-driving mechanisms, allowing users to take part in the growth and trading of tokens in a transparent and fair environment, without presales or team allocations. Whether you're a beginner or an experienced trader, Pump.fun offers exciting profits and fun. ✨ Why is Pump.fun so attractive?• Easy to use: With a simple, intuitive interface, anyone can participate without needing complex technical knowledge or large amounts of funds. &nbsp; • Early-stage projects: Join tokens early for the chance to participate in significant price growth. &nbsp; • Fast transactions: Enjoy a fast and low-cost trading environment. 💡 Key Features:• Instant price boosting: Smart contracts automatically adjust prices, causing rapid price increases as more people participate. &nbsp; • Transparent and decentralized: All transactions occur transparently on the blockchain, ensuring fairness. &nbsp; • Permissionless participation: Anyone can easily join without complex verification or registration processes. &nbsp; • High liquidity rewards: The earlier you join, the higher your potential profits, giving you an edge in the market. 🚀 How to get started?1. Open BYDFi: Open your BYDFi app.2. Choose a project: Select a token or project you're interested in from the Pump.fun interface.3. Participate in trading: Buy tokens based on your strategy and watch the price rise as the community gets involved.4. Profit and exit: Sell at the right time to realize your profits.<img src="https://uploads.bydfi.in/events/cmsBYD.1739180354489.image.png" alt="BYD.1739180354489.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1739180354489.image.png" style="width: 50%;"/><img src="https://uploads.bydfi.in/events/cmsBYD.1739180621199.image.png" alt="BYD.1739180621199.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1739180621199.image.png" style="width: 50%;"/><h3></h3><h3>⚠️ Risk Warning:</h3>While Pump.fun provides high-reward opportunities, it also comes with market volatility risks. Be sure to do your research before participating, and only invest what you can afford to lose. Experience Pump.fun now and get ahead in the world of decentralized trading, feeling the thrill of the market's pulse! 🚀🌕 &nbsp; 👉 Start participating now: <a href="https://apps.apple.com/us/app/bydfi-buy-btc-eth-doge/id6444251506" target="_blank">iOS</a> / <a href="https://play.google.com/store/apps/details?id=com.bydfi.app" target="_blank">Android</a>

What is Pump.fun?

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 <img src="https://uploads.bydfi.in/events/cms1736162404461gV60heGLJOPU.png" alt="image.png" data-href="" style="width: 100%;">Insurance fund is a mechanism used to protect the overall operation of an exchange and the interests of traders. When there are severe market fluctuations or systemic risks, the insurance fund is used to make up for any losses in order to ensure that the exchange can continue to operate and protect the rights of traders. The insurance fund can provide additional security measures, alleviating the impact of extreme market conditions or other adverse events on traders.
 
 Mechanism of Insurance Fund
 Liquidation may lead to an increase or decrease in the insurance fund, depending on the price difference between the bankruptcy price and the execution price. Increase in the insurance fund: If the execution price is better than the bankruptcy price, the remaining margin will be added to the insurance fund. Decrease in the insurance fund: If the bankruptcy price is better than the execution price, the additional loss will be subsidized by the insurance fund.
 
 Insurance Fund Balance
 The BYDFi insurance fund is publicly available to all users on the platform. You can click on the top right corner of the trading page to view the balance of the insurance fund.
 <a href="https://www.bydfi.com/en/swap-info?page=2&amp;type=usdt" target="">View the latest balance of the USDT insurance fund</a>
 <a href="https://www.bydfi.com/en/swap-info?page=2&amp;type=undefined" target="">View the latest balance of the coin-based insurance fund</a>
 
 Note: If the insurance fund cannot make up for the price difference between the execution price and the bankruptcy price, the loss will be taken over by the automatic liquidation system and shared by all platform users. The insurance fund pool is shared among the USDT perpetual trading pairs.
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Insurance Fund

<img src="https://uploads.bydfi.in/events/cmsBYD.1741588441788.image.png" alt="BYD.1741588441788.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1741588441788.image.png" style="width: 100%;">A Wallet Without Private Keys: Redefining the Web3 GatewayBlockchain wallets are blockchain-based infrastructure of the Web3 ecosystem, safeguarding user assets and enabling decentralized authentication. Traditional wallets rely on private keys or seed phrases for asset management—if lost, recovery is impossible. This critical vulnerability has been a major barrier to the widespread adoption of Web3.As the blockchain ecosystem evolves, increased on-chain interactions bring heightened security risks: private key leaks, lost seed phrases, and hacking incidents have led to billions of dollars in asset losses. Based on this, it is made possible by the integration of MPC (Multi-Party Computation) technology and blockchain signatures, designed to address the vulnerabilities of private key storage and management, allowing users to securely manage digital assets without the need for private keys or seed phrases. What is an MPC Keyless Wallet?MPC (Multi-Party Computation) is an advanced cryptographic technology that enables multiple parties to jointly compute data without revealing their private inputs. Through Distributed Key Generation (DKG), an MPC wallet splits the traditional single private key into multiple private key shares stored across different devices, eliminating the need to store a complete private key in one place. Core Advantages of the Keyless Wallet<h4 style="line-height: 1;">🔒 Enhanced Security No Single Point of Failure. :</h4>The absence of a single private key means no single device can control the assets. Even if one private key share is compromised, it cannot be used to move assets independently.<h4 style="text-align: start; line-height: 1;">🛡️ Lower Recovery Costs:</h4>In case a private key share is lost, users can generate a new share through the MPC share recovery mechanism without the fear of losing their assets.<h4 style="text-align: start; line-height: 1;">⚡ Seamless User Experience, Simplified Web3 Access:</h4>No need for seed phrases or private keys, lowering the barrier to Web3 adoption. 🚀 Start Your New Web3 Journey Today with the BYDFi MoonX!Available on <a href="https://apps.apple.com/us/app/bydfi-buy-btc-eth-doge/id6444251506" target="_blank">iOS</a>/<a href="https://play.google.com/store/apps/details?id=com.bydfi.app" target="_blank">Android</a>.

Introducing the MoonX MPC Wallet

<img src="https://uploads.bydfi.in/events/cms1736162413178kRHqkGF4hHaI.png" alt="image.png" data-href="" style="width: 100%;"/>Understanding DelistingIf the BYDFi team finds out that the current item does not meet the requirements to be online or the item is discontinued, the item may be taken down in order to maintain the user's trading experience. How Do I Know When a Token Is Going to Be DelistedWe notify users of the item's removal through various means, including <a href="https://www.bydfi.com/en/support/ANNOUNCEMENT" target="_blank">official announcements</a>, <a href="https://t.me/BYDFiEnglish/274640" target="_self">community announcements</a>, emails, etc. Before the item is taken down, users can still trade until the transaction is stopped. How to Handle Tokens Scheduled for DelistingIf you hold tokens on BYDFi that have been scheduled for delisting, please follow these steps:1. Stop Depositing • Avoid depositing the delisted tokens after the deposit service has been closed, as this may result in unnecessary asset loss. 2. Sell Delisting Token • Check if the balance of the delisted tokens in your Spot account meets the minimum trading amount. The minimum trading amount on BYDFi Spot is 10U. • If your balance of delisted tokens ≥ the minimum order amount, please complete the trade as soon as possible. • If your balance of delisted tokens &lt; the minimum order amount, you can<a href="https://www.bydfi.com/en/support/FAQS/articles/oywjrxt4ipid" target=""> convert the remaining tokens into BYD Points</a>. 3. Withdrawal • Check if the balance of the delisted tokens in your Spot account meets the minimum withdrawal amount. • If your token balance ≥ the minimum withdrawal amount + withdrawal fees, please complete the withdrawal as soon as possible. • If your token balance &lt; the minimum withdrawal amount + withdrawal fees, withdrawal is not possible. Please proceed with trading or<a href="https://www.bydfi.com/en/support/FAQS/articles/oywjrxt4ipid" target=""> convert the remaining tokens into BYD Points</a> based on the specific balance. Will I Lose My Money if I Miss the Token Removal Announcement?If you do not sell or withdraw your tokens before the token removal, BYDFi team will try to retrieve the asset for you, but we cannot guarantee the retrieval for you.If you contact <a href="mailto:cs@bydfi.com" target="_self">customer service</a> and confirm that the asset can be recovered, you will have to pay for the process fee and provide the corresponding address, no additional fee will be charged.The asset recovery process will take 7-10 working days, so please be patient and we will notify you by email as soon as the results are available.Users must apply for token recovery within two months after the removal of the token.

How to Deal with Delisted Tokens

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 To avoid P2P crypto scams on BYDFi, follow these brief guidelines:
 <ul>
 <li style="text-align: start;">Verify Transactions: Ensure you've received crypto in your BYDFi account and fiat in your bank before proceeding.</li>
 <li style="text-align: start;">Check Identities: Trade directly and verify that payment details match the user’s BYDFi identity.</li>
 <li style="text-align: start;">Use Customer Service: Contact BYDFi support for any disputes or suspicious activities.</li>
 <li style="text-align: start;">Stay on BYDFi for Communication: Communicate only through the BYDFi platform for security.</li>
 <li style="text-align: start;">Ignore Pressure Tactics: Don’t rush decisions, and collect evidence for any disputes.</li>
 <li style="text-align: start;">Trade Within BYDFi: Stick to BYDFi’s P2P platform, utilizing its escrow system for safety.</li>
 </ul>
 
 <h2 style="text-align: start;">What are the common types of P2P crypto scams?</h2>
 <h3 style="text-align: start;">1. Fake receipts</h3>
 Fake receipt scams are a common tactic in the crypto world. Here's how they typically unfold:
 <ul>
 <li style="text-align: start;">Scammers' Tactics: The scammer presents a fabricated bank receipt, claiming they have sent money to you. They might assert that the transaction was conducted through an escrow service and that the funds will only appear in your account after you release your cryptocurrency.</li>
 <li style="text-align: start;">Pressure Techniques: Often, scammers use forceful language to rush you into releasing your crypto assets. They are adept at forging documents, including receipts, photos, or screenshots, to make their claims seem legitimate.</li>
 </ul>
 How to prevent Fake Receipt Scams:
 1. Verify Receipts with Your Account: Always check your payment account or wallet to confirm the receipt of the specified amount before releasing any cryptocurrency. Don't rely solely on the receipt or proof provided by the buyer.
 2. Resist Pressure: Don't succumb to the urgency created by the scammer. Make it a rule to ensure that the payment is fully processed and visible in your bank account or digital wallet before you release any crypto assets. Remember, genuine transactions and honest traders will respect the verification process.
 
 <h3 style="text-align: start;">2. Impersonators</h3>
 Impersonation scams are a significant threat in the cryptocurrency space. Here's what typically happens:
 <ul>
 <li style="text-align: start;">Scammers' Approach: They might claim to be representatives of BYDFi and demand the immediate release of your crypto holdings, threatening that they will otherwise be frozen. These scammers often use your contact information, like email or phone number, obtained during payment submission. They can also pose as celebrities or government officials to deceive victims into relinquishing their crypto assets.</li>
 </ul>
 How to Prevent Impersonation Scams:
 <ol>
 <li style="text-align: start;">Beware of Fake Representatives: Never transfer your crypto assets to anyone claiming to be a BYDFi team member. BYDFi officials will never threaten to freeze your assets or pressure you to release your crypto holdings.</li>
 <li style="text-align: start;">Use Anti-Phishing Codes: Set up an anti-phishing code for all emails you receive from BYDFi. This code helps you verify the authenticity of the emails, making it easier to distinguish genuine BYDFi communication from fraudulent attempts.</li>
 </ol>
 
 <h3 style="text-align: start;">3. Social engineering</h3>
 Social engineering scams in the P2P crypto space manipulate victims into making unfavorable transaction decisions. Here's how these scams typically operate:
 <ul>
 <li style="text-align: start;">Scammers' Strategies: They may falsely claim there's an issue with your identity verification or account, urging you to cancel a transaction after they've transferred funds. Alternatively, scammers might try to legally reverse their bank transfers by alleging that their accounts were compromised. They could also intimidate victims by wrongly stating that cryptocurrency dealings are illegal or outside local law enforcement's jurisdiction.</li>
 </ul>
 How to prevent Social Engineering Scams:
 <ol>
 <li style="text-align: start;">Be Cautious with Transaction Cancellations: If you've already sent a bank transfer, avoid canceling the P2P transaction. Do not release a sell order unless you see the funds in your bank account or wallet that are linked to the P2P order.</li>
 <li style="text-align: start;">Stand Firm Against Intimidation: Don't succumb to scare tactics or manipulation. Collect screenshots and document all interactions with the potential scammer. This evidence is crucial for platforms like BYDFi &nbsp;P2P to effectively resolve disputes. Remember, staying informed and vigilant is key to safeguarding your assets in P2P crypto trading.</li>
 </ol>
 
 <h3 style="text-align: start;">4. Chargeback scams</h3>
 Chargeback scams are a prevalent issue in P2P crypto trading, exploiting the chargeback features of certain payment platforms. Here's how they unfold:
 <ul>
 <li style="text-align: start;">Scammers' Method: After the P2P order is completed, the scammer uses the chargeback function to reverse or cancel the payment they made. The scam is successful once the victim approves the transaction, leading to the loss of funds from their bank account or crypto wallet.</li>
 </ul>
 How to prevent Chargeback Scams:
 <ol>
 <li style="text-align: start;">Choose Payment Platforms Wisely: Opt for payment methods that don't offer a chargeback feature. Platforms like PayPal, which support chargebacks, can be risky for P2P transactions.</li>
 <li style="text-align: start;">Verify Payment Before Approval: Don't hastily approve P2P transactions. Always confirm that the funds have been received in your bank account or crypto wallet before acknowledging the receipt of payment in the P2P order and authorizing the transfer of cryptocurrency.</li>
 <li style="text-align: start;">Trade with Verified Merchants: Engage in transactions primarily with verified merchants on platforms like BYDFi. These merchants are subjected to a more rigorous identity verification process, facilitating more effective resolution of disputes and enhancing the overall security of the transaction.</li>
 </ol>
 
 <h3 style="text-align: start;">5. In-person cash transactions</h3>
 In-person cash transactions for buying and selling cryptocurrency present unique risks, including the possibility of receiving counterfeit money or being deceived by scammers who don't release the crypto after payment. Here are effective measures to prevent these scams:
 <ul>
 <li style="text-align: start;">Choose Public and Secure Locations: Conduct your cryptocurrency trades in public, secure places. Avoid private or secluded areas like someone's home. Verify the merchant's shop address or the agreed meeting place beforehand.</li>
 <li style="text-align: start;">Verify Cash Authenticity: Before completing the transaction and releasing any cryptocurrency, thoroughly check the cash to ensure it's genuine and the amount is correct. Familiarize yourself with the features of legitimate currency notes to aid in this verification.</li>
 <li style="text-align: start;">Don't Trade Alone: Bring a trusted companion to any in-person meetings for these transactions. Having someone with you adds a layer of security and can deter potential fraudulent activities.</li>
 </ul>
 How to prevent in-person cash transaction scams:
 <ol>
 <li style="text-align: start;">Always select a public and safe place to trade your cryptocurrency in person. Avoid meetups in private spaces like an individual's home and validate the shop address of the merchant before the meeting.</li>
 <li style="text-align: start;">Do validate that the cash received is legitimate and the amount accurate before releasing any crypto assets.</li>
 <li style="text-align: start;">During meetups, always bring someone you trust and never go alone when conducting offline transactions.</li>
 </ol>
 
 Disclaimer: Your use of P2P on BYDFi, including the P2P service itself and all information and other content (including third-party content) accessible through it, is at your own risk. Our sole responsibility is to process cryptocurrency transactions. All payments are final upon completion, unless otherwise specified by law. BYDFi has no right or obligation to resolve any disputes arising from completed payment transactions. BYDFi or merchants are not responsible for any losses incurred in completed payment transactions. 
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What steps can I take to safeguard my assets from P2P scams?

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 In the trading process, risk management is key to success, and the Trailing Stop is a practical tool that helps traders lock in profits and reduce potential losses. This article will explain what a trailing stop is, how to use it, and its importance in trading strategies. What is a Trailing Stop A trailing stop is a flexible stop-loss order that automatically adjusts as the market price moves in a favorable direction. When the price rises or falls by a certain distance, the trailing stop adjusts the stop-loss price accordingly. However, if the market price moves in the opposite direction, the trailing stop does not move down, thereby protecting existing profits. How Does a Trailing Stop Work A trailing stop works by setting a tracking distance (e.g., a fixed amount or percentage). Here is how it operates:
 <ul>
 <li>When the market price moves in a favorable direction, the stop-loss price is adjusted upward or downward in line with the tracking distance.</li>
 <li>When the market price moves in the opposite direction, the stop-loss price remains unchanged.</li>
 <li>Once the market price reaches the trailing stop price, the system automatically closes the position to protect the trader’s profit or limit losses.</li>
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 Trailing stop is different from a normal close position and allows to set a fixed distance to close the position based on the latest price, which is convenient for the user to manage the position for stop loss or lock profit. Here is an example. A user opens a long position in BTC/USDT with 20,000 USDT and sets a trailing stop with a distance of 600 USDT. If the latest market price does not exceed 20,000 USDT, the trailing stop will be like a stop loss at 19,400 USDT. If the latest market price rises to 21,000 USDT, the trailing stop price will be adjusted upward by 1,000 USDT to 20,400 USDT. The trailing stop mechanism will only be triggered if the latest market price retreats by more than 600 USDT ( 22000 to 21400 wavelength).
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 You can find the trailing stop setting on the Positions page.
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What is Trailing Stop?

BYDFi’s platform features a built‑in TradingView chart that not only offers a wide range of technical indicators but also lets you leverage drawing tools for deeper market analysis. Follow the guide below to explore each feature and pick up practical tips. Accessing the TradingView ChartOn the <a href="https://www.bydfi.com/en/spot/btc_usdt" target="_blank">BYDFi Spot trading page</a>, click the TradingView tab at the top.The interface will switch to TradingView, where you can begin customizing and analyzing.<img src="https://uploads.bydfi.in/events/cms/BYD.1745314950373.image.png" alt="BYD.1745314950373.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1745314950373.image.png" style="width: 100%;"/> Common Technical Indicator SetupMoving Average (MA): Displayed in the top‑left corner. Click the gear icon next to it to adjust settings, hide, or remove.<img src="https://uploads.bydfi.in/events/cms/BYD.1745315015971.image.png" alt="BYD.1745315015971.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1745315015971.image.png" style="width: 100%;"/>Additional Basic Indicators:Click Indicators → search “Common Trading Indicators” to quickly apply tools such as Relative Strength Index (RSI) and Bollinger Bands.<img src="https://uploads.bydfi.in/events/cms/BYD.1745315083715.image.png" alt="BYD.1745315083715.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1745315083715.image.png" style="width: 100%;"/>For more on core indicators, see <a href="https://www.bydfi.com/en/support/PRODUCT_DESCRIPTION/articles/8ozyalbluhib" target="_blank">Common Trading Indicators</a> in our help center. Candlestick Timeframe SwitchingIn the top‑left corner of the chart, select your preferred intervals (e.g., 1 min, 15 min, 1 h).<img src="https://uploads.bydfi.in/events/cms/BYD.1745315174323.image.png" alt="BYD.1745315174323.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1745315174323.image.png" style="width: 100%;"/> Drawing Tools OverviewClick the drawing icon at the bottom of the left toolbar to reveal all drawing features<img src="https://uploads.bydfi.in/events/cms/BYD.1745315242120.image.png" alt="BYD.1745315242120.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1745315242120.image.png" style="width: 100%;"/>Main toolbar tools (in order): Crosshair, Trend Line, Fibonacci Retracement, Brush, Text Annotation, XABCD Pattern, Long Marker, Symbol, Ruler, Zoom, Magnet Mode, Keep Drawing, Lock/Unlock Tools, Show/Hide Tools, Remove, Object Tree<img src="https://uploads.bydfi.in/events/cms/BYD.1745315286470.image.png" alt="BYD.1745315286470.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1745315286470.image.png" style=""/> Depth Chart (Order Book Visualization)The depth chart displays unfilled buy and sell orders.Use the red (sell) and green (buy) areas to quickly assess market pressure.<img src="https://uploads.bydfi.in/events/cms/BYD.1745315492220.image.png" alt="BYD.1745315492220.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1745315492220.image.png" style="width: 100%;"/> Switching Time Zones for Global MarketsClick the time‑zone label in the bottom‑right to choose different regionsCompare opening and closing hours across global exchanges.<img src="https://uploads.bydfi.in/events/cms/BYD.1745315668413.image.png" alt="BYD.1745315668413.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1745315668413.image.png" style="width: 100%;"/> Resetting to Default LayoutTo revert to BYDFi’s default chart settings, right‑click any blank area → select Reset Chart View, or press Alt + R<img src="https://uploads.bydfi.in/events/cms/BYD.1745316061081.image.png" alt="BYD.1745316061081.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1745316061081.image.png" style="width: 100%;"/>With these tools and tips, you’ll be able to set up charts quickly, analyze precisely, and adjust your grid trading strategies in real time—taking your trading to the next level!

How to Use TradingView Tools on BYDFi

<img src="https://uploads.bydfi.in/events/cms/BYD.1745569876510.image.png" alt="BYD.1745569876510.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1745569876510.image.png" style="width: 100%;"/>Click on the "Pump" section in the navigation bar of the APP or PC, and you will find three categories of tokens: 1. New: Newly created tokens in the Internal Market Stage (higher risk). &nbsp;2. Finalizing: Tokens in the Internal Market Stage that are about to complete distribution. &nbsp;3. Launched: Tokens that have entered the External Market Stage (relatively lower risk). &nbsp; Internal Market Stage vs. External Market StageWhen a new project deploys its token using the automated issuance tool, <a href="https://www.bydfi.com/en/support/product_description/articles/sejtpexprdnh" target="_blank">pump.fun</a>, users can purchase the project's tokens with SOL. Once the market cap reaches $69,000, the system automatically adds liquidity for the project from pump.fun to <a href="https://www.bydfi.com/support/PRODUCT_DESCRIPTION/articles/2zu6izhwacre" target="_blank">Raydium</a>. &nbsp; • Internal Market Stage (Small Market): Before reaching a market cap of $69,000, projects remain in their very early stages with extremely high risk. &nbsp;• External Market Stage (Large Market): After reaching a market cap of $69,000 and successfully adding liquidity, projects transition to the External Market Stage, where risks are relatively lower and the market is more mature.

What Are the Internal and External Market Stages?

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 <img src="https://uploads.bydfi.in/events/cms1736162403814OoNnEG7Jelux.png" alt="image.png" data-href="" style="width: 100%;">In BYDFi <a href="https://www.bydfi.com/swap/btc-usdt" target="_blank">perpetual contracts</a>, different fees are charged for Maker/Taker transactions, with varying rates.
 
 Definition of Maker : A limit order that is not immediately matched and executed after placing an order. Makers provide market liquidity and will be charged a Maker fee rate of 0.02%.
 
 Definition of Taker : Includes market orders and limit orders that are matched and executed immediately after placing an order. Takers extract market liquidity and will be charged a Taker fee rate of 0.06%.
 
 For more information on transaction fees, you can refer to: <a href="https://www.bydfi.com/server/en/support/FAQs/articles/on7fv1tccy2h" target="_blank">Transaction Fee Calculation</a> <a href="https://www.bydfi.com/server/en/support/FAQs/articles/v3g17kzsexfg" target="_blank">Funding Fee Calculation</a> <a href="https://www.bydfi.com/server/en/support/FAQs/articles/ipjvewuuebgm" target="_blank">When Will the Transaction Fees Be Charged?</a>
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What is Maker/Taker?

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 On decentralized exchanges (DEXs), token prices for the same contract address (CA) can vary due to the way liquidity pools are structured. Each pool's unique settings and conditions influence price differences. Here are the key reasons behind these discrepancies and how users can navigate them:
 
 Key Reasons
 1. Liquidity Differences: The size of a liquidity pool directly impacts price stability. Pools with lower liquidity are more susceptible to price fluctuations when large buy or sell orders are executed, leading to price slippage.
 2. Different Pool Configurations: Liquidity pools on different DEXs (such as Uniswap V2 and V3) may vary in terms of pool size, fee structures, or operational mechanisms. Even for the same token, prices may differ across pools due to these variations.
 3. Arbitrage Opportunities Between Pools: Price discrepancies often attract arbitrage traders who help balance prices across pools. However, in cases of insufficient liquidity, these adjustments may not occur promptly, leading to short-term price inconsistencies.
 
 How to Identify Price Differences
 1. Check Liquidity Pool Addresses: Verify the source of token prices by reviewing the liquidity pool addresses on different exchanges or pools. Assess their liquidity and trading volume to better understand potential price fluctuations.
 2. Use Price Comparison Tools: Many blockchain analytics tools can help users compare token prices across different liquidity pools, making it easier to spot inconsistencies.
 
 Recommendations
 • Always compare prices and liquidity across multiple pools before trading to avoid potential losses due to low liquidity or price slippage.
 • If you notice significant price discrepancies, double-check the liquidity pool address and trading pair settings to ensure transaction security.
 • Price differences are a common feature of decentralized trading. Users should understand the underlying causes and select trading pools accordingly.
 
 Conclusion
 Price variations for the same token reflect the decentralized nature of DEX trading and are influenced by liquidity differences and pool configurations. To optimize your trading experience, we recommend doing thorough research, comparing prices, and evaluating the state of liquidity pools before executing transactions.
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Why Does the Same CA Token Have Different Prices?

A reduce-only order is a special type of order whose purpose is to reduce the number of existing positions in an open position, rather than increase a position or open a new position. It is often used to help traders control risk and balance expected profits and losses. Reduce only orders are very useful for risk management and capital control. It allows traders to adjust their positions according to market conditions, reducing excessive or unwanted exposure. This type of order is mainly used to avoid reverse positions caused by market reversal and stop profit and loss settings. Example:The trader currently holds a long position of 20,000 USDT, with a stop loss set at 18,000 USDT, and a limit order to take profit at 22,000 USDT.The market first triggered 18,000 USDT, and then reversed to 22,000 USDT.If the user chooses to reduce only the position, it will not cause a reverse order.If the user does not choose to reduce only the position, the user may be placed in a reverse order of 22,000 USDT. How to set up a reduce only order on BYDFi? PC Only reduce position can only be used in one-way position mode, you can check it in the upper right corner of the transaction block<img src="https://uploads.bydfi.in/events/cmsBYD.1735567162778.Reduce1.png" alt="BYD.1735567162778.Reduce1.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735567162778.Reduce1.png" style="width: 50%;"/>Tick reduce only orders<img src="https://uploads.bydfi.in/events/cmsBYD.1735567171502.Reduce2.png" alt="BYD.1735567171502.Reduce2.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735567171502.Reduce2.png" style="width: 50%;"/> AppOn the derivatives page, select the reduce menu under TP/SL<img src="https://uploads.bydfi.in/events/cmsBYD.1735567194090.Reduce3.png" alt="BYD.1735567194090.Reduce3.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735567194090.Reduce3.png" style="width: 50%;"/> <img src="https://uploads.bydfi.in/events/cmsBYD.1735567204610.Reduce4.png" alt="BYD.1735567204610.Reduce4.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735567204610.Reduce4.png" style="width: 50%;"/>

What is Reduce Only?

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 <img src="https://uploads.bydfi.in/events/cmsBYD.1739776168836.telegram-cloud-photo-size-5-6168223080812494487-y.jpg" alt="BYD.1739776168836.telegram-cloud-photo-size-5-6168223080812494487-y.jpg" data-href="https://uploads.bydfi.in/events/cmsBYD.1739776168836.telegram-cloud-photo-size-5-6168223080812494487-y.jpg" style="width: 100%;">
 Definition of Honeypot Scam
 The honeypot scam is a carefully designed fraud where the scammer sets up a "trap" in advance and lures investors in with bait. Once an investor participates, they are unable to exit. This type of token is also referred to as "Honeypot" due to its "money only flows in, not out" nature.
 
 How Does the Honeypot Scam Work?
 1. Heavy Promotion and Hype Scammers use advertisements or endorsements from KOLs to grab attention and boost visibility.
 2. On-chain Transaction and Price Manipulation Users are manipulated into buying the token on the blockchain (usually Layer 1). The scammers manipulate the price to attract more people to buy in.
 3. Non-redeemable Tokens Although the token price may surge 10x or even 100x, users are unable to swap the tokens for other assets or withdraw their funds.
 4. Fund Transfer and Loss of Investment Once enough funds are invested, the scammers transfer all funds, leaving investors with nothing.
 
 Why Are These Scams So Effective?
 Honeypot scam exploit people's desire for high returns and their unfamiliarity with blockchain technology. When investors see rapid price growth, they often experience "Fear of Missing Out" (FOMO), making them more likely to be lured into participating.
 
 How to Avoid Falling into the Honeypot Scam?
 1. Stay Vigilant: If a project promises high returns but lacks transparency, be cautious.
 2. Do Thorough Research: Review the project's whitepaper, the background of the development team, and the smart contract code. If the code is designed with a "money-only-in" mechanism, avoid it immediately.
 3. Check Liquidity: Ensure that the token has sufficient liquidity and can be traded on reliable decentralized exchanges (DEX) like Uniswap or PancakeSwap.
 4. Avoid Blind Following: Do not invest just because of recommendations from KOLs or ads. Always think independently and seek professional advice.
 
 Key Characteristics of Honeypot Scam
 • Money-only-in, not out: The funds invested cannot be redeemed or swap.
 • Clear Price Manipulation: The token price increases rapidly, attracting more users to participate.
 • No Effective Trading: Even if the token price spikes, users cannot sell or swap.
 
 Conclusion
 The honeypot scam is a fraud that exploits blockchain market characteristics and users' psychological weaknesses. The desire for high returns often blinds people to red flags. Investors should remain rational, thoroughly research the project, and be cautious in order to avoid losing their funds.
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What is Honeypot Scam? How to Avoid Being Scammed?

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 A Limit Order allows traders to set a specific price, known as the "Order Price". Unlike Market Orders, which execute immediately at the current market price, Limit Orders give traders better control over the entry or exit price of their positions. However, this control comes at the expense of execution guarantees.
 
 Limit Orders may be executed immediately for the following reasons:
 Buy/Long Orders: If the Order Price is set higher than the best ASK Price (the lowest price at which traders are willing to sell). Sell/Short Orders: If the Order Price is set lower than the best BID Price (the highest price at which traders are willing to buy).
 
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735736949751.image.png" alt="BYD.1735736949751.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735736949751.image.png" style="width: 50%;"> Example: Immediate Execution of a Limit Order Consider a scenario where a trader sets a limit Buy order at 69,000. Here’s how the system processes it:
 The best ASK Price in the order book is 68,713.99. According to the principle of Buy Low &amp; Sell High, the system compares the Order Price (69,000) with the best ASK Price (68,713.99). Since 69,000 is higher than 68,713.99, the system determines that the order can be filled at the lower ASK Price of 68,713.99 at that moment. The order will continue to be filled at 68,713.99 until the contract quantity is met or the price reaches 69,000, whichever comes first.
 
 This mechanism ensures that traders get the best available price within the set limit, leading to immediate execution if the Order Price is favorable compared to current market prices.
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Why Limit Orders Get Executed Immediately

<img src="https://uploads.bydfi.in/events/cms/BYD.1744280799001.image.png" alt="BYD.1744280799001.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1744280799001.image.png" style="width: 100%;"/>To profit from a contract transaction of encrypted currency assets, you can choose to go long or short on the underlying trading pairs based on market price fluctuations. <h3>How to Go Long</h3> Going long means that investors anticipate the market will rise in the future and purchase a certain number of bullish contracts on encrypted currency assets. When you expect the contract price to rise, you can go long through contract trading. The operation process is as follows: transfer a part of the USDT to the USDT-M account as margin, select the required leverage, order type, and buy a certain number of contracts. When the price of the long contract rises, sell it at a high price to generate income; in other words, buy low and sell high. Taking BTC contract trading as an example, we buy a contract worth 1 BTC at the price of $5,000 per coin. If the price of BTC rises to $5,500 per coin, we sell the contract worth 1 BTC to generate a profit of $500. <h3>How to Go Short</h3> Going short means that investors anticipate the market will fall in the future and sell a certain number of bearish contracts on encrypted currency assets. When you expect the contract price to fall, you can short the contract through contract trading. The operation process is as follows: transfer a part of the USDT to the USDT-M account as margin, select the required leverage and order type, and sell a certain number of contracts. When the price of the short contract falls, buy it at a low price to generate income; in other words, sell high and buy low. Taking BTC contract trading as an example, we sell a contract worth 1 BTC at the price of $5,000 per coin. If the price of BTC falls to $4,500 per coin, we buy the contract worth 1 BTC to generate a profit of $500.

How to Go Long/Short

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 When engaging in transactions on a decentralized exchange (DEX), encountering issues such as being unable to sell or transaction failures can be confusing. Here are some common causes and their solutions:
 
 Possible Causes
 1. Insufficient Gas Fees &nbsp;
 Description: Gas fees can change after a transaction is submitted. For instance, if the gas fee is 16 when the transaction is submitted and your balance is 20, but before the transaction is confirmed, the gas fee rises to 22, causing the transaction to fail. &nbsp;
 Impact: The transaction cannot be confirmed on the blockchain.
 2. Slippage Too Low &nbsp;
 Description: When a token experiences frequent trading and high price volatility, setting a low slippage tolerance can prevent the transaction price from matching the market price, ultimately causing the transaction to fail. &nbsp;
 Impact: The transaction is either canceled or cannot be executed.
 3. Trap Tokens (Honeypot Tokens) &nbsp;
 Description: Some tokens have special smart contract designs that restrict users from selling or trading them. In certain cases, specific addresses may even be blacklisted. &nbsp;
 Impact: The token cannot be converted or cashed out.
 4. Insufficient Liquidity &nbsp;
 Description: The liquidity pool does not have enough funds or tokens to meet your trading requirements. &nbsp;
 Impact: The transaction cannot be completed.
 
 Solutions
 1. &nbsp;Ensure Sufficient Gas Fees &nbsp;
 Check the current network gas fees and make sure your balance is enough to cover the transaction costs. It's recommended to execute trades when gas fees are lower.
 2. Adjust Slippage Tolerance &nbsp;
 In the transaction settings, increase the slippage tolerance range (e.g., from 0.5% to 1% or higher) to accommodate price fluctuations and increase the likelihood of a successful transaction.
 3. Verify Token Mechanisms &nbsp;
 Research the smart contract mechanisms of tokens to avoid investing in honeypot tokens that restrict trading. Check if the token has blacklisted addresses and ensure that it can be traded without &nbsp; &nbsp; issues.
 4. Check Liquidity Pool Status &nbsp;
 Confirm that the liquidity pool has sufficient tokens available for your swap. If liquidity is low, you may need to wait for the pool to replenish or try using another platform.
 
 Conclusion
 Transaction failures can stem from various factors, including gas fees, slippage settings, token restrictions, or insufficient liquidity. Before making a transaction, be sure to check the relevant settings and token conditions to increase the likelihood of success and avoid unnecessary losses.
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Why Can't I Sell My Tokens? Possible Causes and Solutions

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 <h3>Customize Your Technical Indicators</h3>
 Click on "Indicator" at the top of the <a href="https://www.bydfi.com/en/spot/btc_usdt" target="_self">chart</a>, search and select the indicator you want to set
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735617827918.image.png" alt="BYD.1735617827918.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735617827918.image.png" style="width: 100%;">
 
 Click on the indicator you have set up, and set the custom data range and the style you want to display.
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735617837880.image.png" alt="BYD.1735617837880.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735617837880.image.png" style="width: 100%;">
 
 <h3>Customize Candle Colors</h3>
 Right-click on the chart and select "Settings"
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 Select the color you want to set and click "Ok"
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 To revert to the default values, click on the bottom left corner - "Apply Defaults"
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