Comparison of Bydfi vs Coindcx [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Bydfi vs Coindcx comparison!

Your expert: Alejandro Borja

bydfi

Bydfi

  • Threenvest valuation: 3,9/5
  • US legal: Yes
  • Security: High 4,6/5
  • Mobile App: Yes
Go exchange

Investing risks losing your money

Your expert: Xavier Tarrasó

coindcx

Coindcx

  • Threenvest valuation: 3,5/5
  • US legal: No
  • Security: High 4,5/5
  • Mobile App: Yes
Go exchange

Investing risks losing your money

Main points

Fees

0,10%/0,30%

Earns

Yes

Customer service

3/5
≤0,10%

Fees

Yes

Earns

4/5

Customer service


Recommended for

Beginners

No

Trading

Yes

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.0 – Competitive fees with additional benefits for copy trading.
4.1 – Low fees with additional discounts for high-volume traders.

Level

0,10%/0,30%
≤0,10%

Brief explanation

Bydfi’s commission structure is designed to be transparent and competitive, catering to both novice and experienced traders. The trading fees are based on a tiered structure that decreases as your trading volume increases, making it more attractive for high-volume traders. This approach not only encourages more frequent and higher volume trading but also ensures that traders can maximize their returns by reducing costs as they scale up their trading activities. For specific transactions, Bydfi charges a nominal fee, which is clearly outlined on their platform, ensuring that users are fully aware of the costs associated with their trading activities. This straightforward fee system is part of Bydfi’s commitment to providing a transparent trading environment.
Coindcx employs a competitive and transparent fee structure which includes trading fees that are among the lowest in the Indian market. This makes it an attractive option for both high-volume traders and beginners. The platform charges a maker-taker fee model, which encourages liquidity on the exchange while ensuring traders can execute trades at or near their desired prices without substantial cost. Additionally, Coindcx offers tiered pricing, reducing trading fees for users as their trading volume increases, making it financially feasible for users to scale up their trading activities efficiently.

Bydfi

bydfi
Read bydfi review
  • Year Founded and Stability: Bydfi was established with a clear vision to provide secure and accessible cryptocurrency trading options, rapidly earning a reputation for reliability and user satisfaction.
  • Reputation and Reviews: Bydfi is highly regarded within the crypto community, reflected through positive user reviews and ratings. Its commitment to user satisfaction and continuous improvement of its trading environment have contributed to its strong reputation.
  • Security Methods: Bydfi employs advanced security measures including two-factor authentication, cold storage solutions for the majority of assets, and ongoing security audits, ensuring a robust defense against potential cyber threats.
  • Customer Service: Bydfi offers round-the-clock customer support through multiple channels including live chat, email, and a comprehensive FAQ section. This responsiveness and accessibility demonstrate its dedication to providing a seamless user experience.
  • Volume Managed and Liquidity: Bydfi handles a significant trading volume, offering high liquidity which ensures that trades are executed swiftly and at predictable prices, making it a dependable platform for both high-frequency traders and casual investors.
  • Pros
  • User-friendly interface.
  • Robust security protocols.
  • Wide cryptocurrency selection.
  • Cons
  • Higher transaction fees.
  • Limited customer support.

Read bydfi review

Coindcx

coindcx
Read bydfi review
  • Regulatory Compliance: Coindcx operates with full legal compliance under India’s stringent financial regulations, providing users with a secure trading environment.
  • Customer Service: The exchange offers robust customer support with a comprehensive FAQ section, 24/7 customer service via chat and email, and quick response times, ensuring that user queries are promptly addressed.
  • Security Measures: The platform utilizes advanced security protocols, including two-factor authentication (2FA) and encrypted data storage, ensuring that user funds and information are protected against unauthorized access.
  • Trading Volume and Liquidity: Coindcx boasts significant trading volume and liquidity, which facilitates efficient trading with minimal slippage, making it an ideal platform for both novice and experienced traders.
  • Reputation and Reviews: Coindcx has a strong reputation in the cryptocurrency community, recognized for its reliable service and customer satisfaction, as evidenced by numerous positive reviews and testimonials.
  • Pros
  • Supports over 320 cryptocurrency types.
  • Strong focus on liquidity provision.
  • Robust and reliable customer support.
  • Cons
  • Primarily supports INR for fiat.
  • Limited leverage options available.

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Product selection

Native token

No
No

Earns

Yes
Yes

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

Unknown
Primestack Pte. Ltd.

Regulation

Not regulated
Not regulated

Year founded

Unknown
2018

Founder

Unknown
Sumit Gupta and Neeraj Khandelwal

Payment methods

Transfers

No
Yes

Mastercard

No
Yes

Wire transfer

No
Yes

Card

No
Yes

Comparative table

Bydfi FEATURES Coindcx
Bydfi offers a low minimum trade requirement, making it accessible for beginners and those looking to start with smaller amounts.
Minimum Trade
Coindcx allows trading with small amounts, making it accessible for beginners.
Bydfi maintains competitive trading fees, which are lower than many of its competitors, providing cost-effective trading options.
Trading and Transaction Fees
Coindcx offers competitive fees, which are lower than many other exchanges.
Bydfi supports over 100 cryptocurrencies, which is impressive but falls short of the variety offered by some top exchanges.
Number of Cryptocurrencies
Offers over 200 cryptocurrencies, providing a wide range for trading.
Offers a robust selection of trading pairs, enabling versatile trading strategies.
Crypto-to-Crypto Trading Pairs
A vast selection of trading pairs is available, enhancing trading flexibility.
The Bydfi website provides clear and comprehensive information about trading procedures and fees, though some users might seek more in-depth details on certain operational aspects.
Website Transparency
The website provides clear information on fees, policies, and trading options.
An exchange card is absent, which limits convenience for everyday transactions.
Credit/Debit Card
None of the reviewed exchanges provide an exchange card for in-store purchases and benefits​​​​.
Offers excellent storage solutions with robust security measures, including cold storage options for the majority of assets.
Storage Offering
Provides secure storage options with advanced security measures.
Provides opportunities for staking and earning rewards, though the options and returns are not as extensive as some might prefer.
Staking and Rewards
Offers staking options on certain cryptocurrencies with competitive rewards.
The Bydfi mobile app and desktop platforms are highly rated for their user-friendly interfaces and reliability.
Mobile App and Desktop
Both platforms are user-friendly and well-designed, suitable for traders on-the-go.
Customer service is available around the clock, but response times can vary, affecting user experience especially in urgent situations.
Customer Service
Responsive and helpful customer support with multiple channels like chat and email.
Bydfi offers multiple deposit and withdrawal methods, including bank transfers and cryptocurrencies, with generally quick processing times.
Deposit and Withdraw
Offers multiple methods for deposit and withdrawal, including bank transfer and UPI.

Key features

Analysis tools

Basic tools for derivatives trading
Basic charting tools

Mobile APP

No
No

Security

High 4,6/5
High 4,5/5

Additional features

Copy trading, futures trading, staking, Bydfi Academy
Margin trading, staking, CoinDCX Earn, CoinDCX Academy

Anonymity

Yes
No

Key points

Available cryptocurrencies

Limited, derivatives focused
200+

User-friendliness

Bydfi provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making the trading process smooth and efficient.
CoinDCX provides a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Provides reasonable value for money with competitive fees and a user-friendly interface, making it a good choice for beginners.
Delivers good value for money with low trading fees and a wide range of supported cryptocurrencies, making it a cost-effective choice for Indian users.

Countries of operation

United States, Canada, United Kingdom, Australia, Singapore
India, United States, United Kingdom, Canada, Australia

Best for

Best for beginners and experienced traders seeking a user-friendly platform with competitive fees.
Best for Indian traders looking for a cost-effective platform with a wide range of cryptocurrencies and competitive fees.

Base currencies available

USDT (for derivative products)
INR, USDT

Account

Trading

BYDFi (formerly Bybit) focuses on derivatives trading with high leverage options. It is ideal for experienced traders but can be risky and complex for newcomers.
CoinDCX is an Indian exchange with a wide range of cryptocurrencies and easy fiat integration. It offers competitive fees and advanced trading features, making it suitable for both beginners and experienced traders.

Deposit and withdrawal

BYDFi (formerly Bybit) focuses on cryptocurrency deposits and withdrawals. Withdrawals are processed daily, and fees are minimal, but users must manage the timing of their requests.
CoinDCX offers easy fiat and cryptocurrency deposit methods. Withdrawals are processed quickly, typically within a day. Fees are competitive, making it a good choice for Indian users.

Account opening process

BYDFi (formerly Bybit) provides an easy and fast account registration process. Users need to submit personal details and verify their identity. The process is fully digital and usually completed within a day.
CoinDCX provides an easy account registration process. Users need to submit personal details, verify their identity, and address. The process is efficient and usually takes less than a day to complete.

KYC required?

No
Yes

Customer Service

BYDFi (formerly Bybit) offers support through email and live chat. The support team is responsive, and support is available 24/7, making it convenient for users needing immediate help.
CoinDCX provides support through email, live chat, and a help center. The support team is responsive and available 24/7, making it convenient for users in India and beyond.

Security

BYDFi (formerly Bybit) ensures security with 2FA, encryption, and cold storage. Despite its strong security measures, it is not regulated by top-tier financial authorities, which could be a concern for some investors.
CoinDCX ensures security with 2FA, encryption, and cold storage. It is regulated by Indian authorities, providing a secure environment for investors.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As one of the seasoned experts at Threenvest, I personally find Bydfi to be an appealing choice for both new and experienced cryptocurrency traders. The platform’s user-friendly interface makes it accessible for newcomers, while its robust security measures provide peace of mind, crucial for safeguarding investments in the often volatile crypto market. From my experience, Bydfi’s competitive fees and diverse range of cryptocurrencies cater effectively to diverse trading strategies, ensuring that both speculative traders and long-term investors can find value. If you’re seeking an exchange that combines usability with a strong focus on security, Bydfi certainly deserves your consideration.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As an expert reviewing various platforms, I find Coindcx to stand out particularly for its user-centric approach. The exchange not only offers a comprehensive range of over 200 cryptocurrencies but also ensures that both novices and seasoned traders can navigate and utilize the platform with ease. Its emphasis on security, backed by stringent compliance with Indian financial regulations, instills a high level of trust and reliability, making it a preferred choice for many looking to trade cryptocurrencies. Whether you’re starting your crypto journey or looking to diversify your trading strategies, Coindcx provides a robust environment with the tools and support needed to succeed in the dynamic world of cryptocurrency.

View all comparisons against Bydfi

View all comparisons against Coindcx

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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