Polish crypto traders looking for the best exchange for perpetual trading have several options, but BYDFi and MEXC stand out as two of the most accessible and feature-rich platforms. Whether you’re a high-frequency trader seeking deep liquidity or a beginner looking for an easy-to-use interface, each platform has its unique strengths and trade-offs.

But which one is better suited for perpetual trading in Poland? This article takes an in-depth look at BYDFi vs. MEXC, comparing their trading experience, fees, security, and overall suitability for Polish traders looking to engage in perpetual contracts. From leverage and liquidity to regulations and customer support, we break down what you need to know before making your choice.

What is Perpetual Trading?

Perpetual trading refers to a financial trading mechanism in which contracts never expire, allowing traders to hold positions indefinitely without worrying about settlement dates. It is most commonly associated with perpetual futures contracts in cryptocurrency and derivatives markets.

How Perpetual Trading Works

Unlike traditional futures contracts that have expiration dates and require settlement, perpetual contracts do not expire and are instead anchored to an underlying asset’s spot price through a mechanism called the funding rate.

Key Features of Perpetual Trading

No Expiration Date: Traders can hold positions as long as they want, provided they have sufficient margin.
Leverage: Perpetual contracts often allow traders to use leverage, sometimes as high as 100x.
Funding Rate Mechanism: Ensures that the contract price stays close to the spot price by having traders on one side pay those on the other at regular intervals.
Cash Settlement: No need to deliver the underlying asset; trades are settled in the currency used for margin (e.g., USDT or BTC).
Margin & Liquidation: Traders must maintain a margin balance; if it falls below a certain threshold, the position is liquidated.

Example of Perpetual Trading

Imagine you buy a BTC/USDT perpetual contract at $50,000 with 10x leverage. If the price rises to $55,000, you can close your position for a profit without worrying about contract expiration. However, if the price drops, and your margin balance is insufficient, your position could be liquidated.

Advantages of Perpetual Trading

Risks of Perpetual Trading

Where is Perpetual Trading Used?

Cryptocurrency Markets: Binance, Bybit, BitMEX, and OKX offer perpetual futures.
Traditional Markets: Some equity and commodity markets are experimenting with perpetual derivatives.

Who Uses Perpetual Trading?

Day Traders: To speculate on short-term price movements.
Institutional Investors: For risk management and hedging.
Arbitrageurs: To exploit differences between spot and futures markets.

BYDFi vs. MEXC, a Background: Who Are They?

BYDFi

Formerly known as BitYard, BYDFi has rebranded itself as a global crypto derivatives exchange. With a focus on accessibility, it markets itself as a beginner-friendly yet feature-rich trading platform. It offers spot and futures trading, copy trading, and a streamlined interface for those new to crypto trading. For traders looking for the best Mexc alternative for Perpetual Trading In Poland, BYDFi provides a user-friendly experience with competitive leverage and a growing asset selection.

MEXC

MEXC (formerly known as MXC) has positioned itself as a high-performance exchange with deep liquidity, a broad selection of assets, and aggressive expansion into global markets. It is well known for listing new and emerging tokens quickly and offering high-leverage derivatives trading. It has a reputation for catering to high-frequency traders and institutions. However, for those in Poland seeking an alternative with a similar focus on derivatives, BYDFi stands out as a viable MEXC alternative with accessible perpetual trading features.

Key Factors for Polish Traders: BYDFi vs. MEXC Compared

1. Trading Experience & Features

User Interface & Usability

BYDFi: Simple and intuitive, designed with beginners in mind. The platform is easy to navigate, and its copy trading feature allows newcomers to mirror experienced traders’ strategies.
MEXC: More feature-dense, catering to advanced traders. It has a robust interface with extensive charting tools and customizability.

Perpetual & Derivatives Trading

BYDFi: Offers USDT-margined futures with up to 125x leverage, but liquidity is lower compared to larger exchanges.
MEXC: Also offers up to 200x leverage, but with deeper liquidity, making it more attractive for high-volume traders.

Spot Trading

BYDFi: Supports major cryptocurrencies but has a more limited selection compared to larger exchanges.
MEXC: Known for listing new tokens quickly, making it a go-to for early access to emerging projects.

Copy Trading

BYDFi: One of the standout features, allowing users to copy successful traders with ease.
MEXC: Also offers copy trading, but it’s not as central to its brand.

Mobile Trading Experience

BYDFi: The mobile app is well-optimized for beginners but may lack some advanced features that professional traders seek.
MEXC: Offers a feature-rich mobile app that includes advanced order types and in-depth analytics, making it a strong choice for traders on the go.

2. Fees & Costs

Trading Fees

BYDFi: Competitive, with 0.1% maker and taker fees on spot trading. Derivatives fees vary, but they are generally in line with industry standards.
MEXC: Similar fee structure, but often runs promotions offering zero-fee trading on select pairs.

Withdrawal Fees

BYDFi: Standard withdrawal fees, but some assets have higher fees compared to other exchanges.
MEXC: Typically lower withdrawal fees than BYDFi, making it slightly more cost-effective for moving funds.

3. Security & Regulation

Security Measures

Both platforms implement standard security features like two-factor authentication (2FA), withdrawal whitelists, and cold storage for funds. However, neither has been tested by major security breaches, meaning their resilience remains largely unproven compared to older exchanges.

Regulatory Standing in Poland

BYDFi: Operates under multiple licenses, including MSB (Money Services Business) registration in the U.S., giving it some regulatory credibility. However, it is not directly regulated in Poland.
MEXC: Has a broader international presence but is also not directly regulated by Polish financial authorities (KNF – Komisja Nadzoru Finansowego). Polish traders should be aware of potential regulatory risks.

4. Payment Methods & Fiat On-Ramps

BYDFi: Limited direct PLN (Polish Zloty) support; users may need to deposit USDT or use third-party payment providers for fiat conversions.
MEXC: Supports more diverse fiat on-ramp options, including SEPA transfers, credit cards, and third-party payment providers, making it slightly more convenient for Polish traders.

5. Trading Volume & Market Depth

BYDFi: Offers decent liquidity but lags behind MEXC in volume, leading to higher slippage on large trades.
MEXC: Has significantly deeper liquidity pools, ensuring faster execution and lower slippage, which is crucial for perpetual traders.

6. Customer Support & Community

BYDFi: Offers 24/7 live chat support and email assistance. It has a growing community but isn’t as widely used as MEXC.
MEXC: Also provides 24/7 support and has a larger, more active user base. It frequently runs promotions and incentives, fostering a more engaged trading community.

Language Support: Neither exchange currently offers dedicated Polish-language support, which may be a drawback for traders who prefer assistance in their native language.

7. Promotions & Bonuses for Polish Users

BYDFi: Occasionally offers sign-up bonuses, but promotions are not region-specific.
MEXC: Regularly runs trading competitions, zero-fee promotions, and staking incentives, making it an attractive option for active traders.

Conclusion: The Best Perpetual Trading Exchange for Polish Traders

For Polish traders focused on perpetual trading, both BYDFi and MEXC offer strong options, but the best choice depends on individual needs.

Choose BYDFi if: You’re a beginner, prefer a simplified user experience, and are interested in copy trading.
Choose MEXC if: You want higher leverage (up to 200x), deeper liquidity, early access to new tokens, and lower fees for withdrawals.

Additionally, MEXC has the advantage of better fiat on-ramp options, making it easier for Polish traders to deposit and withdraw funds. However, since neither exchange is directly regulated by Poland’s KNF, traders should be mindful of potential compliance risks.

Overall, MEXC appears to be the stronger option for Polish traders looking for perpetual trading, thanks to its higher liquidity, trading volume, and advanced features. However, BYDFi remains a solid choice for newcomers and copy traders looking for a more guided experience.

As always, whether you choose BYDFi or MEXC, ensure you manage risk wisely, especially when using leverage. The crypto market is volatile, and perpetual trading can amplify both gains and losses. Happy trading!