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Exchanges / Wider check / BYDFi
WIDER CHECK · NO SCORE · 9 OCT 2026

BYDFi: what the sources say

No MiCA authorization found Limited search: no Rigor score

Key facts

Regulation, reserves, fees

MiCANot foundNone found in the ESMA interim register
Italian residentsNot verifiedRegistry check pending
Proof of reservesPublisheddetails not verified
Spot fees (base tier)0.1% / 0.1%maker / taker

Reserves note: Official page titled 'BYDFi Proof of Reserves' exists but its content is client-rendered and was not readable. Third-party Coin Bureau reports >100% BTC/ETH/USDT ratios, Hacken audits and an 800 BTC protection fund (unverified).

Track record

Incidents and regulator actions found

Security incidents

  • No incident found in our limited search.

Regulator and court actions

  • 2025-02-11 Ontario Securities Commission (via IOSCO I-SCAN): BYDFi listed under category 'Unregistered/Unlicensed entity offering financial products or services'. Outcome: Alert listing; no penalty stated. Official or regulator database source
  • 2024-08-26 and 2024-10-08 BaFin (Germany): BaFin warned consumers about websites bydfixio.com (2024-08-26/28) and bydfiwo.com (2024-10-08), operator named 'BYDFI', offering financial services without German authorisation; sites lack legal notice. BaFin does not state they are the official BYDFi site. Outcome: Consumer warnings; no sanction stated. Official or regulator database source
Limits

What we could not verify

Not verified: country of the operating entity (third parties disagree: Seychelles vs Singapore, and Singapore is a prohibited country), FinCEN/FINTRAC registrations, PoR content/auditor, OAM, incidents and legal actions (web search budget exhausted; none found), governing law is Colorado per Terms. BaFin warnings concern specific domains; link to the official BYDFi platform not established.

Facts are as of 9 Oct 2026. We ran a limited number of searches per exchange, so an empty list is not proof that nothing happened. We did not check the Italian OAM register. Items from press or third parties are reports, not findings by an authority. If something here is wrong or out of date, send a correction with a source: corrections policy. Education only, not investment advice.

Sources

  1. [1] ESMA CASP register CSV accessed 2026-10-09
  2. [2] BYDFi Terms of Use (page dated 2026-08-07) accessed 2026-10-09
  3. [3] BYDFi Transaction Fee Calculation (page dated 2026-08-27) accessed 2026-10-09
  4. [4] BYDFi About page accessed 2026-10-09
  5. [5] BYDFi Proof of Reserves page (title only readable) accessed 2026-10-09
  6. [6] BYDFi site footer / support nav (Demo Trading, Trading Bots, Copy Trade) accessed 2026-10-09
  7. [7] Datawallet - BYDFi restricted countries (third-party) accessed 2026-10-09
  8. [8] Coin Bureau - BYDFi review (third-party) accessed 2026-10-09
  9. [9] IOSCO I-SCAN alert on BYDFi (Ontario Securities Commission) accessed 2026-10-09
  10. [10] BaFin warning: bydfiwo.com (2024-10-08) accessed 2026-10-09