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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?

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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

<img src="https://uploads.bydfi.in/events/cms1736162425293xuEvZoakMrqC.png" alt="image.png" data-href="" style="width: 100%;"/>Isolated ModeWhen the position margin ratio reaches 100%, the position will be triggered liquidation with a liquidation transaction fee and a liquidation clearance fee. Please note that the position is triggered by the margin ratio, liquidation price is for reference only. Cross ModeWhen the position margin ratio reaches 100%, the position will be triggered liquidation with a liquidation transaction fee and a liquidation clearance fee. Please note that the position is triggered by the margin ratio, liquidation price is for reference only. In addition, all the cross mode positions share the same margin, so as long as one cross mode position triggers liquidation, all the cross mode positions will be closed regardless of whether they are profitable or not. The specific liquidation process is as follows:<ul><li>Cross Mode: Cancel all pending orders (including all pending orders in Isolated Mode)</li><li>Isolated Mode: Cancel all pending orders including TP/SL orders for the specified trading pair (other trading pairs are not affected)</li><li>If the margin maintenance requirement is not met at this point, the position will be taken over by the liquidation engine at the bankruptcy price.</li></ul>When the liquidation is executed at the bankruptcy price, the following scenario occurs:<ul><li>If the position can be executed in the market at a price better than the bankruptcy price, the liquidation clearance fee will be added to the insurance fund.</li><li>If the position cannot be executed at a price better than the bankruptcy price, the breakout loss will be covered by the insurance fund.</li></ul>Example: FIBO holds a 1.5 million BTCUSD long position + 1 million BTCUSD long limit order.When the position margin ratio ≥100%, the system will first cancel the 1 million BTCUSD limit order. This releases a portion of the margin to increase the available balance in an attempt to meet the maintenance margin requirement. If the position is still not margined to the maintenance margin requirement after the limit order is canceled, the liquidation engine will take over the position. Note:<ul><li>Margin Ratio = (Maintenance Margin+ Liquidation Transaction Fee) / Margin Balance</li><li>Liquidation Clearance Fee≈ Position Maintenance Margin = Actual Position Margin + Liquidation PNL - Liquidation Transaction Fee</li><li>Liquidation Transaction Fee = Position Value * Quantity / Mark Price * Liquidation Transaction Fee Rate</li></ul> Risk Control PolicyWhen the margin balance is insufficient, we will send a margin call and a liquidation notice to the user by email. This feature serves as a risk alert that cannot be guaranteed to be sent or delivered in a timely manner. Under certain circumstances (including due to network congestion and poor network conditions), you may be unable or delayed in receiving email alerts during your use of the service, and BYDFi reserves the right to send notifications without obligation. To prevent excessive market risk concentration and manipulation, BYDFi limits individual users' position size. Orders exceeding these limits will be rejected. Additionally, we strictly prohibit users from circumventing position limits through any means, such as multiple accounts, identity masking, third-party account control, or exploiting system vulnerabilities, to maintain market fairness.

The Process of Forced Liquidation (COIN-M)

<img src="https://uploads.bydfi.in/events/cms1736162424272cagpwi7ZjxIW.png" alt="image.png" data-href="" style="width: 100%;"/>Isolated ModeWhen the position margin ratio reaches 100%, the position will be triggered liquidation with a liquidation transaction fee and a liquidation clearance fee. Please note that the position is triggered by the margin ratio, liquidation price is for reference only. Cross ModeWhen the position margin ratio reaches 100%, the position will be triggered liquidation with a liquidation transaction fee and a liquidation clearance fee. Please note that the position is triggered by the margin ratio, liquidation price is for reference only. In addition, all the cross mode positions share the same margin, so as long as one cross mode position triggers liquidation, all the cross mode positions will be closed regardless of whether they are profitable or not. Example: FIBO holds a 1.5 million BTCUSDT long position + 1 million BTCUSDT long limit order.When the position margin ratio ≥100%, the system will first cancel the 1 million BTCUSDT limit order. This releases a portion of the margin to increase the available balance in an attempt to meet the maintenance margin requirement. If the position is still not margined to the maintenance margin requirement after the limit order is canceled, the liquidation engine will take over the position. The specific liquidation process is as follows:<ul><li>Cross Mode: Cancel all pending orders (including all pending orders in Isolated Mode)</li><li>Isolated Mode: Cancel all pending orders including TP/SL orders for the specified trading pair (other trading pairs are not affected)</li><li>If the margin maintenance requirement is not met at this point, the position will be taken over by the liquidation engine at the bankruptcy price.</li></ul>When the liquidation is executed at the bankruptcy price, the following scenario occurs:<ul><li>If the position can be executed in the market at a price better than the bankruptcy price, the liquidation clearance fee will be added to the insurance fund.</li><li>If the position cannot be executed at a price better than the bankruptcy price, the breakout loss will be covered by the insurance fund.</li></ul>Automated Negative Balance ClearanceIf a trader’s account balance is negative due to one or more Bankrupt Positions, BYDFi will use the Futures Insurance Fund to automatically cover the deficit in the trader's account and absorb the losses, to the extent possible. For user accounts that meet the following requirements, our system will automatic clearing of negative balances will occur every 10 minutes:<ul><li>For negative balances in USDT-M accounts, there are no open positions in the account. (Both Cross / Isolated Mode)</li><li>For negative balances in Coin-M accounts, there are no open positions in the account. (Both Cross / Isolated Mode)</li><li>The user did not transfer any funds to deficit losses in the account after liquidation.</li></ul>Note:<ul><li>Isolated Margin Ratio = (Maintenance Margin + Closing Fee) / (Position Margin + Unrealized PNL) * 100%</li><li>Cross Margin Ratio = (Maintenance Margin + Closing Fee) / (Wallet Balance + Bonus Balance - Isolated Frozen Margin + Cross Margin Unrealized PNL) * 100%</li><li>Isolated Margin Liquidation Clearance Fee≈ Position Margin + Liquidation PNL - Liquidation Transaction Fee</li><li>Cross Margin Liquidation Clearance Fee ≈ Wallet Balance + Liquidation PNL - Liquidation Transaction Fee</li><li>Liquidation Transaction Fee = Position Value * Quantity * Mark Price * Liquidation Transaction Fee Rate</li></ul> Risk Control PolicyWhen the margin balance is insufficient, we will send a margin call and a liquidation notice to the user by email. This feature serves as a risk alert that cannot be guaranteed to be sent or delivered in a timely manner. Under certain circumstances (including due to network congestion and poor network conditions), you may be unable or delayed in receiving email alerts during your use of the service, and BYDFi reserves the right to send notifications without obligation. To prevent excessive market risk concentration and manipulation, BYDFi limits individual users' position size. Orders exceeding these limits will be rejected. Additionally, we strictly prohibit users from circumventing position limits through any means, such as multiple accounts, identity masking, third-party account control, or exploiting system vulnerabilities, to maintain market fairness.

The Process of Forced Liquidation (USDT-M)

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 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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 <img src="https://uploads.bydfi.in/events/cmsBYD.1739775403765.telegram-cloud-photo-size-5-6168223080812494470-y.jpg" alt="BYD.1739775403765.telegram-cloud-photo-size-5-6168223080812494470-y.jpg" data-href="https://uploads.bydfi.in/events/cmsBYD.1739775403765.telegram-cloud-photo-size-5-6168223080812494470-y.jpg" style="width: 100%;">Gas fees are the costs paid to miners or the network when executing transactions on a blockchain. These fees reflect the complexity of the transaction and the computational resources required. This article will explain what gas fees are, the factors influencing them, and address common questions.
 
 <h3 style="text-align: start;">What Are Gas Fees?</h3>
 Gas fees are payments made to miners or nodes for executing transactions, not fees charged by the platform.
 • Transaction Processing Costs: Gas fees are proportional to the computational resources required to execute a transaction.
 • Who Receives the Fees: Gas fees are paid by users and serve as the fundamental incentive for maintaining blockchain operations.
 
 <h3 style="text-align: start;">Why Are Gas Fees Higher for Token Purchases Compared to Transfers?</h3>
 1. Operational Complexity: buying tokens often involves executing smart contract logic (e.g., state updates), which is more complex than token transfers, thus requiring higher gas fees.
 2. Specialized Tokens: Some tokens have highly complex smart contract designs that involve numerous computational steps, leading to unusually high gas fees per transaction.
 
 <h3 style="text-align: start; line-height: 1;">Priority Fees and Transaction Modes: What's the Difference Between General/Quick/Priority?</h3>
 1. Priority Fee: Introduced with Ethereum’s EIP-1559 upgrade, the priority fee is an additional cost that boosts the speed at which a transaction is processed.
 2. Transaction Modes:
 • General Mode: Lower fees but slower processing times, with a higher chance of failure during periods of high network demand.
 • Quick/Priority Mode: Higher fees but faster execution, ideal for time-sensitive transactions like token launches or high-frequency trading.
 
 <h3 style="text-align: start;">Are Gas Fees Fixed? Why Do They Fluctuate?</h3>
 Gas fees are not fixed and fluctuate due to several factors:
 1. Network Congestion: When transaction volumes surge, users pay higher fees to prioritize their transactions, driving up gas prices.
 2. Market Bidding Mechanism: Transactions with higher fees are processed first by miners, creating a competitive fee environment.
 3. Historical Fluctuations: During peak periods on the Ethereum network, gas fees have exceeded 1000 Gwei, with standard token transaction costs reaching $20–$50.
 
 <h3 style="text-align: start;">Why Are Gas Fees Charged Even When a Transaction Fails?</h3>
 Gas fees are still incurred even if a transaction fails because computational resources were used during the execution attempt:
 1. On-Chain Costs: Gas fees compensate miners for the computational work performed, even if the transaction does not complete successfully.
 2. Tips to Avoid Wasting Gas Fees:
 • Set Appropriate Gas Fees: Choose the right transaction mode based on your needs.
 • Avoid High Congestion Periods: Be cautious when gas prices are volatile to minimize unnecessary costs.
 
 <h3 style="line-height: 1;">Conclusion</h3>
 Gas fees are a critical part of on-chain transactions, influenced by network congestion, transaction complexity, and market-driven bidding mechanisms. To minimize unnecessary costs, users are encouraged to understand how gas fees are calculated and adjust their transaction settings accordingly.
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Gas Fees FAQ

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 The BYDFi contract uses the "mark price" to correspond to the unrealized profit and loss. The mark price is the estimated fair value of the contract and is different from the "final price" of the contract. The mark price is used to prevent unfairness and forced liquidation caused by market fluctuations. Also, it helps prevent price manipulation.
 
 The mark price consists of two parts: the index price and the moving average (MA) basis.
 
 The moving average base price is used as the second part of the mark price calculation. It helps smooth out price data over a specified time period by creating an average price that updates in real time. This approach reduces the likelihood of unfair and unnecessary liquidation when markets are highly volatile.
 
 The index price is an aggregate price drawn from major spot exchanges, weighted by their relative trading volume; this is done to prevent price manipulation by a single exchange. Price indices for COIN-M Perpetual Contracts come from Bybit, Binance, Coinbase, Okex, Gate.io, and Kucoin. For the price index components of BYDFi COIN-M Perpetual Contracts, please refer to: <a href="https://www.bydfi.com/server/en/support/PRODUCT_DESCRIPTION/articles/fohsab3raa6f" target="_blank">Index Price</a>.
 
 Mark Price calculation
 Mark Price = Median * (Price 1, Price 2, Contract Price) Price 1 = Index Price * [1 + Funding Rate * (The Time Until the Next Funding Rate Charge (Hour) / 8) ] Price 2 = Index Price * Moving Average (30 mins) * Moving Average Line (30 mins) = Moving Average Line [(Bid 1 + Ask 1 ) / 2 - Index Price] (Take 30 minutes as an interval, and sample values every minute.) * Median: Take the middle of the three numbers (Price 1, Price 2, Contract Price), e.g., Price 1 &lt; Price 2 &lt; Contract Price, then the Mark Price will use Price 2 as a basis.
 
 Please note that when the spot price and the mark price deviate greatly due to possible extreme market conditions or price source deviations in the market, BYDFi will take additional protection measures, and at this time, "Price 2" will be directly used as the mark price.
 
 Compared with the price of perpetual contracts with large short-term price fluctuations, the mark price can better predict and reflect the intrinsic value of the contract. We use the mark price to avoid unnecessary forced liquidations of customers and to prevent any market manipulation. 
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Mark Price

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 <h2>Introduction</h2>
 This Privacy Policy outlines how BYDFi Web3 (MoonX) collects, uses, shares, and protects user data when using our Web3 services. BYDFi Web3 (MoonX) utilizes Multi-Party Computation (MPC) technology provided by a third-party service provider to enhance security and protect user access.
 By accessing or using BYDFi Web3 (MoonX) Services, you acknowledge and consent to the data practices described in this policy. If you do not agree with this policy, please discontinue the use of our services.
 
 <h2>Data Collection</h2>
 <h3>Types of Data Collected</h3>
 BYDFi Web3 (MoonX) may collect the following types of data:
 <ul>
 <li>Personal Information: Email addresses, IP addresses, and contact details (if applicable).</li>
 <li>Technical Data: Device identifiers, browser types, operating systems, and security authentication data.</li>
 <li>Transaction Data: Wallet addresses, transaction histories, and blockchain interactions.</li>
 <li>MPC Key Management Data: Data necessary for identity verification, device authentication, and key shard management for MPC-based wallet access.</li>
 </ul>
 <h3>Purpose of Data Collection</h3>
 We collect data to:
 <ul>
 <li>Provide and enhance Web3 Services, including MPC-based wallet security.</li>
 <li>Ensure security and compliance with regulatory requirements, including AML (Anti-Money Laundering).</li>
 <li>Optimize user experience through analytics and feedback.</li>
 <li>Facilitate wallet recovery processes via MPC service providers, ensuring users can regain access without storing full private keys.</li>
 </ul>
 
 <h2>Data Usage</h2>
 <h3>How We Use Your Data</h3>
 <ul>
 <li>Service Delivery: Enable transactions, secure wallet access, and provide technical support.</li>
 <li>Compliance: Meet legal obligations, including responding to regulatory inquiries.</li>
 <li>Security: Ensure private key shard distribution and authentication through MPC.</li>
 <li>Analytics: Improve functionality, performance, and security of BYDFi Web3 (MoonX) Services.</li>
 </ul>
 <h3>Marketing</h3>
 We do not use your data for direct marketing unless you explicitly consent.
 
 <h2>Data Sharing</h2>
 <h3>Third-Party Service Providers</h3>
 To provide a secure MPC-based Web3 wallet, we may share limited necessary data with trusted third-party providers, including:
 <ul>
 <li>MPC Key Management Provider: Secure private key shards, enable authentication, and facilitate recovery processes.</li>
 <li>Blockchain Transaction Processing: Enable transactions on decentralized networks.</li>
 <li>Cloud Storage &amp; Data Analytics: Enhance platform security and performance.</li>
 </ul>
 <blockquote>
 
 
 &nbsp; &nbsp; &nbsp;Note: BYDFi Web3 (MoonX) does not store or control private keys. MPC key shards are distributed and stored by our third-party provider, which follows industry security standards (e.g., SOC 2, ISO 27001).
 
 &nbsp; 
 
 </blockquote>
 <h3>Legal Compliance</h3>
 We may disclose data when required by law, including:
 <ul>
 <li>Responding to regulatory or legal processes.</li>
 <li>Enforcing agreements and investigating potential violations.</li>
 <li>Protecting the rights and safety of BYDFi Web3 (MoonX) users and the platform.</li>
 </ul>
 <h3>Restrictions</h3>
 BYDFi Web3 (MoonX) does not sell, lease, or trade user data to third parties under any circumstances.
 
 <h2>Data Security</h2>
 <h3>Security Measures</h3>
 We implement industry-standard security measures, including:
 <ul>
 <li>MPC Encryption: Private keys are never stored in full but are distributed via MPC for enhanced security.</li>
 <li>Regular Security Audits: We conduct audits to detect and mitigate potential risks.</li>
 <li>Access Control &amp; Monitoring: We enforce strict security policies to prevent unauthorized access.</li>
 </ul>
 <h3>Limitations</h3>
 While we strive to protect user data, no system is entirely immune to security risks. BYDFi Web3 (MoonX) disclaims liability for unauthorized access, data breaches, or cyberattacks that may result from third-party service provider vulnerabilities.
 
 <h2>User Rights</h2>
 <h3>Access and Correction</h3>
 Users can access and request corrections to their personal data through our support channels.
 <h3>Data Portability</h3>
 Upon request, we provide a copy of your personal data in a commonly used electronic format.
 <h3>Data Deletion</h3>
 Users may request the deletion of personal data, subject to legal and operational requirements. However, certain data (e.g., blockchain transaction records) cannot be deleted or modified due to the decentralized nature of blockchain networks.
 <h3>Retention Policy</h3>
 We retain user data only for as long as necessary to:
 <ul>
 <li>Maintain secure access to MPC-managed wallet services.</li>
 <li>Comply with legal and regulatory requirements.</li>
 <li>Ensure security and prevent fraud.</li>
 </ul>
 Data that is no longer required will be securely deleted or anonymized.
 
 <h2>MPC Service Provider Responsibilities</h2>
 Since BYDFi Web3 (MoonX) does not store full private keys, we rely on a third-party MPC provider to facilitate key management.
 <ul>
 <li>MPC Provider Data Protection: Our third-party provider follows industry security certifications (e.g., SOC 2 Type II, ISO 27001).</li>
 <li>Data Handling Responsibility: BYDFi Web3 (MoonX) is responsible only for the data it directly collects and processes. The MPC provider independently manages private key security and may have its own privacy policy regarding key shard storage and recovery processes.</li>
 <li>User Responsibility: Users acknowledge that BYDFi Web3 (MoonX) is not responsible for security breaches or data misuse by third-party providers.</li>
 </ul>
 
 <h2>Policy Updates</h2>
 <h3>Notification</h3>
 This Privacy Policy may be updated periodically. Changes will be communicated through our official website.
 <h3>User Acknowledgment</h3>
 Continued use of BYDFi Web3 (MoonX) Services constitutes acceptance of updated policies.
 
 <h2>Contact Information</h2>
 For inquiries or concerns regarding this Privacy Policy, please contact us at: <a href="mailto:cs@bydfi.com" target="">cs@bydfi.com</a>
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BYDFi Web3 Privacy Policy

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 <h3><img src="https://support.bydfi.com/hc/article_attachments/10957184803855" alt="photo_2024-10-11_14-56-03.jpg" data-href="" style="width: 100%;"></h3>
 <h3>Where Will My Funds Go After Creating a Spot Investment?</h3>
 Once a Spot Investment is created, the assets will be frozen. You can view the details of the frozen assets in the "In Orders" section. At the end of the investment period, the frozen funds will be returned to your spot account’s available balance.Why Has My Spot Investment Been Stopped?
 If your account balance is insufficient to cover the current investment amount, the Spot Investment will automatically stop.
 
 <h3>Why Has My Spot Investment Been Stopped?</h3>
 If your account balance is insufficient to cover the current investment amount, the Spot Investment will automatically stop.
 
 <h3>Which Coin Pairs Can I Use for Spot Investment?</h3>
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 Spot Investment supports over 100 coin pairs, including BTC, ETH, and XRP. For a complete list of supported pairs, please refer to the Spot Investment creation page.
 
 <h3>How Can I Check the Details of My Spot Investment?</h3>
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 You can view all the details under "My Strategy" → "Spot Investment," including the invested coin pairs, quantities, and transaction history.
 
 <h3>Can I Modify My Spot Investment?</h3>
 Yes, you can modify the running Spot Investment, including the coin pair, the investment amount and the interval period.
 
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Spot Investment FAQ

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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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 <img src="https://uploads.bydfi.in/events/cms1736162475497DZIp1vfAH1lG.png" alt="image.png" data-href="" style="width: 100%;">When the margin ratio of a position reaches 100%, forced liquidation is triggered, resulting in the loss of all margin allocated to that position. 
 <h3>Margin Rate Calculation Formula</h3>
 Isolated Margin Rate
 
 (Contract Quantity * Par Value / Entry Price * Maintenance Margin Rate - MMQC + Contract Quantity * Par Value / Mark Price * Liquidation Fee Rate) / (Margin + Unrealized PNL) * 100%
 
 Example:
 FIBO holds a 100X leveraged BTCUSD long position with a contract quantity of 1,000, an entry price of 25,000 USDT, a par value of 1 USDT, a maintenance margin rate of 0.5%, a mark price of 24,500 USDT, a liquidation fee rate of 0.006, an unrealized PNL of -0.9995551 BTC, and a position margin of 1BTC, and MMQC is 0.
 
 (1,000 * 1 / 25,000 * 0.005 + 1,000 * 1 / 24,500 * 0.006) / ( 1 - 0.9995551) = 100% 
 
 Cross Margin Rate
 
 (|Long Position Maintenance Margin - Short Position Maintenance Margin| + Par Value * Contract Quantity / Mark Price * Close Fee Rate) / (Account Balance + Cross Margin Unrealized PNL) * 100%
 
 Example:
 FIBO holds a BTCUSD cross margin long position with a contract quantity of 1,000, a par value of 1 USDT, a mark price of 25,000 USDT, a maintenance margin of 0.05 BTC for long positions, 0 BTC for short positions, a liquidation fee rate of 0.006, an account balance of 1 BTC, and an unrealized PNL of -0.95 BTC.
 
 (|0.05 - 0| + 1 * 1,000 / 25,000 * 0.006) / (1 -0.95) * 100% = 100%
 
 <h3>Liquidation Price Calculation Formula</h3>
 
 Isolated Margin
 Long Position:
 [Par Value * Contract Quantity * (Liquidation Fee Rate + 1)] / [Margin + Par Value * Contract Quantity * (1 - Maintenance Margin Rate) / Entry Price + MMQC]
 Short Position:
 [Par Value * Contract Quantity * (Liquidation Fee Rate - 1)] / [Margin - Par Value * Contract Quantity * (1 + Maintenance Margin Rate) / Entry Price + MMQC]
 
 Cross Margin
 (Par Value * Long Contract Quantity - Par Value * Short Contract Qunatity + Par Value * Contract Quantity * Maintenance Margin Rate + Par Value * Contract Quantity * Liquidation Fee Rate) / (Wallet Balance +MMQC - Par Value * Short Contract Quantity / Short Entry Price + Par Value * Long Contract Quantity / Long Entry Price) ​ 
 Note:
 <ul>
 <li>Wallet Balance = Transfer In - Transfer Out + Realized PNL</li>
 <li>Maintenance Margin = Position Value * Maintenance Margin Rate - MMQC</li>
 <li>Isolated Margin Position Value = Contract Quantity * Par Value / Entry Price</li>
 <li>Cross Margin Position Value = Contract Quantity * Par Value / Mark Price</li>
 <li>Contract Quantity (Coin) = Contract Quantity (Cont) * Par Value</li>
 <li>MMQC please refer to this <a href="https://www.bydfi.com/en/swap-info?page=5&amp;type=usdt" target="">page</a></li>
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Liquidation Price Calculation (COIN-M)

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 <img src="https://uploads.bydfi.in/events/cms1736162439778D1dlJo1VcnDA.png" alt="image.png" data-href="" style="width: 100%;">Initial Margin
 Initial margin refers to the minimum collateral amount required to open a position in leveraged trading. The leverage used by traders is inversely proportional to the initial margin required to hold a position. The higher the leverage, the less initial margin is required.
 
 In the COIN-M Perpetual Contract, the initial margin is obtained by multiplying the order value by the initial margin rate. The initial margin rate depends on the leverage used.
 
 Initial Margin = Contract Quantity / Entry Price / Leverage
 
 Example:
 FIBO opened a long order of 500 BTCUSD contracts at 40,000 USD with 50X leverage.
 Initial Margin = 500 / 40,000 / 50 = 0.00025 BTC
 
 Maintenance Margin
 The maintenance margin is the minimum amount of margin a trader needs to keep a position open.
 
 The maintenance margin will increase or decrease based on the risk limit chosen by the trader. By default, the risk limit for all trading pairs will start from the lowest maintenance margin in their respective <a href="https://www.bydfi.com/en/swap-info?page=5&amp;type=usdt" target="_blank">risk limit tables</a>.
 
 When the margin level used for a position is lower than the maintenance margin level, the position will be liquidated.
 
 Position Value = Contract Quantity * Entry Price
 Maintenance Margin = Maintenance Margin Rate * Position Value - <a href="https://www.bydfi.com/en/swap-info?page=5&amp;type=usdt" target="_blank">MMQC</a>
 The required Maintenance Margin Rate (MMR) for a position is based on the margin level requirement for the value of the position.
 
 Example:
 FIBO opened a long position of 500 BTCUSD contracts at 40,000 USD with 50X leverage in isolated mode.
 Initial Margin = 500 / 40,000 / 50 = 0.00025 BTC
 Maintenance Margin = 0.005 * 0.00025 = 0.00000125 BTC
 
 This means that the position's maximum loss is 0.00024875 BTC (0.00025 BTC - 0.00000125 BTC); otherwise, it will be forced to liquidate.
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Initial Margin and Maintenance Margin (COIN-M)

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 To avoid forced liquidation, BYDFi automatically adds a margin. If you enable automatic margin and the position is triggered to be forced to downshift, the system will add margin from your account for you to avoid forced liquidation.
 
 How to enable automatically add margin? You can open it in the <a href="https://www.bydfi.com/en/swap/btc-usdt" target="_blank">perpetual contract</a> position module<img src="https://uploads.bydfi.in/events/cmsBYD.1735564447402.image.png" alt="BYD.1735564447402.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735564447402.image.png" style="width: 100%;">
 The amount of automatically add margin:
 
 The automatically added margin equals the initial margin. If your current account balance is less than the initial margin, BYDFi will credit your account with the remaining sum.
 
 Note: If the leverage has reached the minimum, even if the account still has an available balance, the system still cannot automatically add margin for you. The balance of automatic margin call refers only to the balance of the perpetual contract account and cannot be used across BYDFi's other fund accounts (such as spot and affiliate accounts). Users are advised to ensure that the balance of the perpetual account is sufficient.
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Automatically Add Margin to Order

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 In a Spot Stop Limit/Market Order, you need to set the ''Trigger Price'' and the 'Order Price'.
 A Stop Limit/Market Order in Spot is not simply a limit order, it gives the user more options.
 Once the current market price reaches the 'Trigger Price', the system will automatically place a limit order at the 'Order Price' for you.
 
 How to operate?
 In the APP, after entering the spot trading page, click to switch to the limit order and enter the trigger price and order price
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735736868212.image.png" alt="BYD.1735736868212.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735736868212.image.png" style="width: 50%;">
 After placing the order, you can view the order below
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735736875359.image.png" alt="BYD.1735736875359.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735736875359.image.png" style="width: 50%;">
 The order price can be set higher or lower than the trigger price;
 If the market price reaches the order price before the trigger price, the order will not be executed. The trigger price must be reached before the system executes the order.
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What Is a Stop Limit and Stop Market Order? (APP)

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 <ul>
 <li>Make sure that the account you are using is legally registered in your own name.</li>
 <li>When our <a href="https://www.bydfi.com/en/support/FAQs/articles/ci3viewifdgw" target="_blank">AML Risk Control Alert</a> is triggered, you will be required to follow the AML verification process and may be asked to provide BYDFi with relevant documentation.</li>
 </ul>
 <h3>Buyer's Note</h3>
 Please complete the payment within the time limit set by the seller and click "Payment Complete". If you exceed the time limit, the order will be canceled automatically.
 
 If the seller does not provide a valid payment method and you are unable to complete the payment, you can cancel the order. However, this may affect your fulfillment rate. Please note that only the buyer can cancel an order.
 
 Do not click "Payment Completed" if you have not completed your payment. This may be considered fraudulent and may result in the suspension of your account.
 
 Payment must be made using a valid bank or wallet account, registered in your full name and matching your BYDFi account.
 
 We recommend that you choose a payment method that allows you to transfer funds instantly or quickly. The use of payment methods such as international wire transfers may delay the completion of the transaction.
 
 Please do not include a message in your payment transfer if the seller has not specifically requested it. If you must include a message in your payment transfer, please avoid using the words "cryptocurrency, BTC, USDT, order number" in the message as they may cause delays in the payment process.
 
 BYDFi will hold the seller's cryptocurrency until the transaction is completed. If the Seller does not release the Cryptocurrency within a reasonable period of time after you have made the payment and clicked "Payment Completed", you may dispute this. If you can prove that you did not receive your cryptocurrency, we will help you resolve any dispute.
 
 If you choose "Pay by Cash" as your payment method, Customer Service will not be able to verify the payment.
 
 <h3>Seller's Note</h3>
 Before creating an advertisement to sell cryptocurrency, please ensure that all your details are correct. If you discover that your details are incorrect after a buyer has paid using the information you provided, you must still fulfill the order.
 If the buyer's payment account does not match the information recorded on the platform, we recommend that you try to reach an agreement with the buyer via in-app chat. If this is not possible, please dispute the discrepancy with customer service so that they can intervene.
 
 Do not ask customer service to cancel your order. If you want to cancel an order, try to reach an agreement with the buyer before contacting customer service. If you have already paid, arrange for a refund before canceling the order.
 
 If you can't reach the buyer or you can't reach an agreement, raise a dispute and let customer service resolve it. To strengthen your case, please have any documents and materials related to the transfer ready so that you can submit them to Customer Service.
 
 As a seller, you are responsible for responding to transactions in a timely manner. If you are not online, remember to hide all of your ad buttons from the P2P marketplace by toggling the "My Status" button offline and this will not affect your ad ranking.
 
 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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P2P Buyer and Seller Transaction Notes

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 Effectively managing position risk is a key component of successful trading. By adopting risk management strategies and understanding fundamental principles, traders can safeguard their capital and minimize potential losses. Position risk is the exposure to potential losses when the market moves unfavorably against a trade. It is influenced by factors such as: Position Size: Larger positions carry higher risks. Leverage: Higher leverage increases both risks and rewards. Market Volatility: Rapid price changes can significantly impact positions. To better control position risk, we recommend the following strategies: Set Stop-Loss Orders to Limit Potential Losses: A stop-loss order is a tool that automatically closes a position when the price reaches a preset level, helping to cap losses. This essential risk management method ensures that losses remain within acceptable limits. Ensure Position Size Aligns with Risk Tolerance: Position size refers to the amount of capital allocated to a single trade. It should be calculated based on your risk tolerance to ensure no single trade poses a significant threat to your overall account balance. Diversify Investments to Reduce the Risk of Individual Trades: Avoid concentrating capital on a single asset or trade. Diversification spreads risk across multiple assets or markets, reducing the adverse impact of a single position's price movement. Manage Leverage Carefully to Avoid Overexposure: While leverage can magnify returns, it also increases the potential for significant losses. Maintaining reasonable leverage levels, especially in volatile markets, helps mitigate risks. Monitor Market Conditions and Adjust Strategies as Needed: Regularly evaluate market volatility, liquidity, and upcoming news or events. These factors can significantly influence asset prices and market behavior, affecting position risk. If you have an open position, the position page provides the option to add margin. This can lower leverage and adjust the liquidation price accordingly. Adding Margin for Perpetual Contracts: PC <img src="https://uploads.bydfi.in/events/cmsBYD.1735569807334.Risk1.png" alt="BYD.1735569807334.Risk1.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735569807334.Risk1.png" style="width: 100%;"> APP <img src="https://uploads.bydfi.in/events/cmsBYD.1735569819236.Risk2.png" alt="BYD.1735569819236.Risk2.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735569819236.Risk2.png" style="width: 50%;">
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735569836663.Risk3.png" alt="BYD.1735569836663.Risk3.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735569836663.Risk3.png" style="width: 50%;"> For details about the Auto Add Margin feature, please refer to: <a href="https://www.bydfi.com/server/en/support/PRODUCT_DESCRIPTION/articles/d8kgvj5o2ynk" target="_blank">Automatically Add Margin to Order</a> Modify Stop-Loss Price On the perpetual contracts page, you can click to modify the stop-loss price. By default, the stop-loss ratio is set to 100%. PC <img src="https://uploads.bydfi.in/events/cmsBYD.1735569848726.Risk4.png" alt="BYD.1735569848726.Risk4.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735569848726.Risk4.png" style="width: 100%;"> APP
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735569859628.Risk5.png" alt="BYD.1735569859628.Risk5.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735569859628.Risk5.png" style="width: 50%;">
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735569878459.Risk6.png" alt="BYD.1735569878459.Risk6.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735569878459.Risk6.png" style="width: 50%;"><img src="/guide-media/01JDH5E1YEF5FFAPSN7XRDMER2" alt="" data-href="" style=""> For details about stop-loss triggers, please refer to: <a href="https://www.bydfi.com/server/en/support/PRODUCT_DESCRIPTION/articles/gtzisowhugy1" target="_blank">What is the Difference Between the Marked Price and the Last Price Trigger?</a> Note: The information provided above does not constitute investment advice. Please evaluate your decisions carefully before taking action.
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How to Control Position Risk

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 Understanding the Order Book is crucial for traders who want to analyze market dynamics and make informed trading decisions. The Order Book provides a visual representation of current buy and sell orders for a particular trading pair, offering insights into market depth, liquidity, and potential price movements. What Is an Order Book? An Order Book is a real-time ledger that displays all buy and sell orders for a trading pair on a platform. It provides traders with critical information, including the number of assets available for purchase or sale at various price levels. What is market depth? Simply put: The depth of the market consists of orders, also known as order books. Market depth indicates the state of supply and demand for an asset, it shows the amount of pending orders at different price levels. Generally, multiple orders in an order book indicate higher liquidity in the market, while fewer orders indicate lower liquidity. If the number of buy orders far exceeds the number of sell orders, this may indicate an upward trend in the price of the asset. By looking at orders, traders can get a clearer picture of market liquidity, price support and resistance points, and thus make more strategic trading decisions. You can view the order book on the <a href="https://www.bydfi.com/en/swap/btc-usdt" target="_blank">trading page</a>, green for buy orders and red for sell orders. The price in the center is the latest price of 1.3897 and the flags are <a href="https://www.bydfi.com/server/en/support/PRODUCT_DESCRIPTION/articles/kwghxoslyf14" target="_blank">mark prices.</a>
 <img src="https://uploads.bydfi.in/events/cmsBYD.1735569614831.Depth%201.png" alt="BYD.1735569614831.Depth 1.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735569614831.Depth 1.png" style="width: 50%;">
 Therefore, we can use the size of the order to determine how active the trading is at the moment. If the spread between the orders is small (1.3897 and 1.3896 in the chart), it is usually possible for the order to be filled at a similar price even if it is not filled at the particular price. Since orders can be canceled at any time, the market is only one of the tools used to assist in this judgment. Disclaimer: Cryptocurrency assets are volatile products and are high risk investments. Substantial price fluctuations may cause the value of your holdings to increase or decrease significantly at any time. Therefore, before deciding to trade, please evaluate the risks involved based on your financial strength and experience. Your actual returns and losses will depend on a number of factors including, but not limited to, market behavior, market trends and the size of your trade. None of the information provided in this post constitutes investment advice and BYDFi does not recommend that you buy, sell or hold any cryptocurrency. Please do proper research and consult your financial advisor before making any investment decision.
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Observe Market Depth Through Order Book

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 When a user opens a position, the user's wallet needs a certain initial margin to open the position. In addition, if the trigger price is lower than the mark price when the user places an order, an "opening loss" will occur. Therefore, users need more margin to avoid liquidation when opening a position. Opening Cost = Initial Margin + Open Loss (If any) Step 1: Calculate the Position Value Position Value = Par Value * Cont / Entry Price Position Value = (1 USD * 10000) / 65000 USD = 0.15384615 BTC Step 2: Calculate the Initial Margin ( 10X Leverage) Initial Margin = 0.15384615 BTC / 10 =0.01538462 BTC Step 3: Calculate the Open Loss Open Loss = Absolute Value {Minimum [0, Number of Orders x Contract Multiplier x (1 / Order Price - 1 / Mark Price)]} Open Loss for Long Positions: = Absolute Value {Minimum [0.10000 x 1x (1 / 65,000 USD - 1 / 64,802 USD)]} = 0.00047007BTC Open Loss for Short Positions: = Absolute Value {Minimum [0.10000 x 1x (1 / 64,802 USD - 1 / 65,000 USD)]} = 0 Step 4: Calculate Opening Cost Since there is an opening loss on the long position, the opening cost of the long position requires an additional opening loss in addition to the initial margin in order to avoid liquidation when opening the position. Long Position Opening Cost: 0.01538462 BTC + 0.0004700 BTC = 0.01585462 BTC (difference due to rounding off) The short order is open without an opening loss, so the opening cost of the short order is the initial margin. Short Position Opening Cost: 0.01538462 BTC + 0 = 0.01538462 BTC
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Opening Cost Calculation

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 <img src="https://uploads.bydfi.in/events/cmsBYD.1736309893040.image.png" alt="BYD.1736309893040.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1736309893040.image.png" style="width: 100%;">Dear BYDFi Users:
 In order to ensure the smooth deposit of "Buy Crypto," users need to perform identity verification (KYC) with our third-party service provider. Once the verification is successful, the service provider will immediately transfer the crypto to your BYDFi account, which is expected to be received within 2 to 3 hours under normal circumstances. If users are experiencing delays and have not received their deposits after 24 hours, please refer to the instructions in the email from our service provider.
 
 Besides, please see the suggestions below on how to contact the customer service of the service provider.
 For more information, please refer to the following FAQ:
 
 
 1. Is "Buy Crypto" handled by BYDFi?
 No. BYDFi does not directly process any fiat currency deposits. All fiat deposits are handled 100% by our service providers.
 
 2. Who are the third-party providers that currently provide "Buy Crypto" services on BYDFi?
 Currently, our third-party partners include Banxa, Transak, Mercuryo, Coinify, Pix and Alchemy Pay
 
 3. What fiat currency deposits are accepted?
 Currently, the 54 fiat currencies supported include ARS, AUD, BBD, BGN, BMD, BOB, BRL, BYN, CAD, CHF, CLP, COP, CRC, CZK, DKK, DOP, DZD, EUR, FJD, FKP, GBP, GIP, HKD, HRK, HUF, IDR, ILS, INR, ISK, JMD, JPY, KES, KRW, LAK, MDL, MXN, MYR, NOK, NPR, NZD, PEN, PHP, PLN, PYG, RON, RUB, SEK, SGD, THB, TRY, TZS, USD, VND, and ZAR.
 
 4. Is there a minimum or maximum fiat amount that can be deposited?
 Yes. After choosing the currency of the fiat currency and entering the amount, the limit of a single purchase will be displayed on the page.
 
 5. What kinds of payment methods are accepted?
 Electronic payment, Visa/Mastercard credit or debit cards, and cash deposits (limited to certain areas.
 For more details, please refer to the providers’ respective websites.
 
 6. Will there be any transaction fees?
 Yes. The transaction fees will be displayed on the providers' respective websites.
 
 7. Will BYDFi profit from users' transaction fees?
 No, BYDFi will not receive any profit from your "Buy Crypto" transaction.
 
 8. Can traders use this function to convert cryptocurrencies into fiat and perform a withdrawal out of BYDFi?
 No, only fiat deposits are accepted.
 
 9. Why is the final offer from the service provider different from what I see on BYDFi?
 The quotations on BYDFi come from the prices provided by the third-party service providers and are for reference only. They may differ from final quotes due to market movements or rounding errors. For accurate quotations, please visit the official website of each service provider.
 
 10. Why is my final exchange rate different from what I see on BYDFi?
 The exchange rate on BYDFi is for reference only, and the quotation shown is based on the trader's inquiry. The exchange rate will not change dynamically with the trend of cryptocurrencies. For actual exchange rates, please refer to our third-party service provider's website.
 
 11. How long does it take for my purchased cryptos to arrive?
 Cryptocurrencies are usually deposited into your BYDFi account within 2 to 10 minutes of purchase. However, this may take longer, depending on blockchain network conditions and the service level of a particular service provider. For new users, cryptocurrency deposits may take a day.
 
 12. If I have not received the cryptos I bought, what could be the reason and who should I ask for help?
 According to our service providers, the main reasons for the delay in buying cryptos are the following two points:
 a. Failed to submit a complete KYC (identity verification. document during registration
 b. The payment didn't go through successfully
 If you haven't received the cryptos you bought in your BYDFi account within 2 hours, please seek assistance from the service provider immediately. If you need assistance from BYDFi customer service, please provide us with the TXID (Hash. of the transfer, which can be obtained from the supplier platform.
 
 13. What should I do if I encounter payment problems while buying crypto?
 Please seek help from the service provider you choose immediately.
 
 14. Will BYDFi save my personal and credit card information?
 No, BYDFi does not store any information about traders. All data used for "Buy Crypto" will be kept and managed by third-party service providers. For more details, please refer to the privacy policies of each service provider.
 
 15. Can I check all the previous transaction records for "Buy Crypto"?
 Users can find the fiat deposit records at the "Fiat History" tab of the "My Assets" page.
 
 16. Do I need to complete KYC on BYDFi as well?
 KYC is only required for deposits through Indonesian, Vietnamese, Brazil, or Thai fiat channels, and users must complete 20% of the transaction deposit amount on perpetual contracts before withdrawing. 
 
 17. Is it necessary to do KYC (identity verification. on the third-party provider platform?
 Yes. Users need to complete KYC on the third-party provider's website before depositing.
 
 18. Are there any countries that are prohibited from using this service?
 Each service provider has different requirements. It is recommended that you contact the customer service department of the service provider for confirmation.
 
 19. I just bought some BTC, but the fiat transaction in my BYDFi account shows "Canceled." What does it mean?
 This means that the fiat deposit was unsuccessful, so your BYDFi account will not receive any BTC. For more details on cancellation, please ask your service provider for assistance immediately.
 
 20. What do the other states in the fiat transaction record represent?
 “Pending” — Fiat deposit transaction has been submitted, pending payment or additional verification (if any. to be received by the third-party provider. Please check your email for any additional requirements from the third-party provider. Beside, If you do not pay your order, this order is shown "Pending" status.
 Please note that some payment methods may take longer to be received by the providers.
 “Paid” — Fiat deposit was successfully made, pending cryptocurrency transfer into the BYDFi account.
 “Completed” — The transaction has been completed, and cryptocurrency has been or will be transferred into your BYDFi account. 
 “Cancelled” — The transaction was cancelled due to one of the following reasons:
 •Payment timeout: Traders did not pay within a certain amount of time
 •The trader cancelled the transaction
 •Rejected by the third-party provider
 
 21. Why is my fiat deposit not showing up in my BYDFi account's fiat transaction history while I am making a deposit through a supported service provider?
 It's possible that this happened because you accidentally deposited directly through the service provider's website. In order to ensure that there is a record of your deposit in your BYDFi account, please make sure that you proceed with the deposit from our "Buy Crypto" page.
 
 22. Can I choose to deposit fiat currency that does not belong to my country?
 It depends on whether each service provider accepts your KYC. For more details, please seek assistance from the service provider you choose.
 
 23. How do I contact Banxa customer service?
 The best way to contact Banxa customer service is through their live chat feature; you can find the chat button on the "Buy Crypto" checkout page. For more details on how to do this, click here.
 
 24.How do I contact Transak customer service?
 Click the icon in the lower-right corner of their official website to start a live chat.
 
 25. How do I contact Alchemy Pay customer service?
 Click the icon in the lower-right corner of their <a href="https://alchemypay.org/contact" target="_blank">official website</a> to start a live chat.
 
 26.How do I contact Mercuryo customer service?
 Click the icon in the lower-right corner of their official website to start a live chat.
 
 27.How do I contact Coinify customer service? 
 Click the icon in the lower-right corner of their official website to start a live chat or submit a request. 
 
 28. How do I contact Pix customer service? 
 If you haven't received your Pix deposit yet, please contact BYDFi customer service.
 
 29. Are there any transaction limits?
 a. Transak $1500 per transaction/$5000 per day/$28,000 per month/$100,000 per year
 b. Banxa: <a href="https://support.banxa.com/en/support/solutions/articles/44002190060-is-there-a-minimum-and-maximum-order-value-" target="_blank">Purchase Limit</a>
 c. Coinfy: <a href="https://help.coinify.com/hc/en-us/articles/360013698319-Trading-fees-and-limits" target="_blank">Purchase Limit</a>
 d. Mercuryo: <a href="https://help.mercuryo.io/hc/en-gb/articles/14495506539677-What-are-my-limits-as-a-verified-user-" target="" style="text-align: left;">Purchase Limit</a>
 e. Alchemy Pay: <a href="https://support.alchemypay.org/hc/en-us/articles/23558646220187-Is-there-any-amount-limit-for-purchases-of-crypto-currency" target="_blank">Purchase Limit</a>
 f. PIX: <a href="https://www.bcb.gov.br/en/financialstability/pixfaqen" target="" style="text-align: left;">Purchase Limit</a>
 <a href="https://www.bydfi.com/en/support/PRODUCT_DESCRIPTION/articles/4ihvkjw0ujyz" target="_blank">How to Contact Customer Support for Crypto Service Providers</a>
 Happy Trading!
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Buy Crypto FAQ

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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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Spot Trading Futures Trading Trading Bots Copy Trading 价格导航买币导航 Sitemap 币说 Help Center