As the cryptocurrency market evolves in 2025, there is the constant question that lingers on ever traders’ mind and that is, – what is the best crypto exchange to use? As a trader in the US, you are probably wondering which is the best option for you between BYDFi and Bybit as they are two top crypto exchanges known to traders.
It is no new news that traders are facing numerous challenges when choosing a reliable exchange especially with factors like regulatory pressure and restrictions which have caused many crypto exchange platforms to shut down their services in the US.
Moving on in this article, the key question we aim to answer is which platform, BYDFi or Bybit, is the best choice for US crypto traders in 2025?
About BYDFi
Before answering the key question, let’s take a look at BYDFi and what it offers. BYDFi is a one-stop social trading platform that offers professional, innovative, and convenient trading solutions to individual investors since 2020. With their slogan – “BUIDL Your Dream Finance” – they are committed to creating a trading platform that takes cryptocurrency trading to the next level.
New users can receive 8100 USDT on BYDFi now when they sign up, and the advantages of this exchange platform does not stop there. They also have access to over 700 cryptocurrencies and flexible leverage trading ranging from 1x to 200x. With users from over 190 countries and accolades from top sites like Forbes, BYDFi has become more than just an up-and-coming exchange platform.
About Bybit
Bybit, on the other hand, is a centralized cryptocurrency exchange that offers super-low trading fees since 2018. With over 20 million users from different countries, Bybit has grown to be one of the largest crypto exchanges in the world.
They offer advanced features like margin trading with Bybit leverage, Bybit futures, and Bybit copy trading which allows users to maximize their potential when trading. They are also known for providing top-notch earning and investing tools to assist traders like Web3 integration and Bybit Earn.
This exchange platform caters to both retail and professional traders who need an advanced trading platform. Unfortunately, this platform has regional restrictions which is a major disadvantage.
Regional Restrictions
Starting with the first and major factor to consider in this comparison and that is, regional restrictions. To know what platform is best as a US trader, you need to first know whether the platform is accessible to U.S citizens or not.
BYDFi is a cryptocurrency exchange platform that welcomes US traders – it is available to users in the United States – among other countries like Vietnam, Italy, France, and Germany. Its permissive framework does not stop US traders from signing up or trading so, if you are looking for a platform that does not require complex VPN setups or does not have regional restrictions in the US, BYDFi is the best choice.
Unlike BYDFi, Bybit has regulatory restrictions and as of 2025, it does not work in the United States. So, this exchange platform prohibits residents from the United States from signing up or trading on their platform.
Users cannot also bypass these restrictions through the use of methods like a VPN as it is against Bybit’s terms and would lead to potential problems like liquidation of funds or account suspension.
User Experience and Features
BYDFi is a fantastic choice for both new and old traders in the cryptocurrency world. It may not offer advanced features like the ultra-high leverage Bybit offers but it does have multiple other advantages that users can benefit from. This includes spot trading, perpetual futures, automated trading tools, multiple payment options, and leverage of up to 200x.
Also, it has a clean and intuitive platform that is easy to navigate and a leading copy trading feature which allows users to follow more professional crypto traders.
Bybit is known for its advanced trading tools like sophisticated charting features, high liquidity futures, and risk management tools to help users stay on top of their trades. This makes it a great choice for experienced traders who know the ins and outs of trading.
Bybit also offers features like copy trading, demo trading, trading bots, and an intuitive mobile app for traders who want to work on the go.
Security
When it comes to security in the world of cryptocurrency, its importance cannot be overemphasized and both platforms take it seriously. BYDFi holds dual MSB licenses in both Canada and the US and is also a member of South Korea’s VASP Alliance.
In addition to this, digital currencies are stored offline in cold storage wallets and other security features like whitelist settings, 2FA, and real-time monitoring are utilized.
Bybit also stores most of its users’ funds offline in cold wallets and makes use of 2FA, making it difficult for unauthorized users to gain access to accounts. Users can also set up a withdrawal whitelist on Bybit for more controlled withdrawals.
Final Verdict
With all written above and many other factors considered, BYDFi wins as the best cryptocurrency exchange platform for US traders. While both platforms offer top-notch features and services, this comparison all comes down to one major factor – accessibility for US traders – which is something Bybit lacks.