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Review

Bityard Review

· June 23, 2020 · 8:56 am
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Platform: Bityard
URL: https://www.bityard.com/
Company: BItyard Blockchain Limited
Country: Singapore
Licenses: Bityard is regulated and licensed under the Singapore’s ACRA, USA’s MSB from FinCEN, US Dept. of Treasury, Estonia’s MTR, and Australia’s AUSTRAC

Trading Instruments: BTC/USDT, ETH/USDT, LTC/USDT, XRP/USDT, BCH/USDT, ETC/USDT, EOS/USDT, TRX/USDT, DASH/USDT, LINK/USDT
Payment Methods: BTC, ETH, XRP, EOS, TRX, HT, USDT (Omni, ERC20, TRC20), Visa, MasterCard
Motto: “Complex Contract, Simple Trade”

Bityard is a regulated cryptocurrency contract exchange based out of Singapore. The platform is licensed by four different regulatory agencies in different continents, allowing it to legitimately conduct business across 150 countries.

The platform is designed to simplify the process of crypto contract trading for everyone including novice and experienced traders. Bityard achieves such simplicity by providing an easy to use, intuitive interface. The BItyard platform can be accessed across multiple devices using Bityard Webtrader on computer browsers and dedicated mobile applications for Android and iOS devices.

In order to further enhance the user experience, Bityard also offers a demo account on which users can explore the platform’s feature and practice trading with virtual funds. It helps traders on Bityard to be familiar with the platform beforehand so that they can start placing profitable trades with real money from the start.

What’s so Special about Bityard?

There are many players in the crypto contracts place. Established platforms like BitMEX and PrimeXBT are well-accepted by the crypto community. Many institutional and professional investors prefer to trade on these platforms. However, any regular user or even a professional user will take time to get used to these platforms due to complexities involved with contracts trading. Being a relatively new entrant, Bityard has observed these challenges and acted upon it. It has created a platform for everyone, which they can easily understand and start trading without feeling overwhelmed by underlying complexities of such trades.

Trading on Bityard

Bityard makes crypto contracts trading as easy as possible. Starting with the platform, the fully functional, feature-rich Bityard Webtrader can be accessed from any browser. Meanwhile, those who like to trade on-the-go can use a similarly powerful and user-friendly mobile application on their Android and iOS powered devices. However, the platform suggests experienced traders and power users opt for the Webtrader as the main trading terminal as it comes with lots of charts, technical analysis tools customizable modular viewing panels, etc.

To start trading, users will have to first create an account, an easy process that shouldn’t take more than a few minutes. They can sign up either with email or mobile number, followed by verification code received on the preferred mode of communication. Then they can set up a password, click on the “Register” button, and the account is set up. After concluding the registration, users can fund their account with any of the supported cryptocurrency payment options. Users from select countries can also use Visa and MasterCard powered credit and debit cards for fiat payments to deposit funds into their respective accounts.

Following the completion of the account opening and deposit process, users can go to the” Trade” section on the website to start opening contracts for cryptocurrencies of their choice. The entire process is simple, where all the necessary options to select market, limits, buy/long or sell/short, tweak leverage, enter margin are easily accessible.

The platform also allows traders to fine-tune their trading strategies by adjusting the Take Profit and Stop Loss ratios. The standard time period for the orders is one day, with all open orders closed automatically at 05:55:00 (Singapore time). However, those who want to keep the orders open beyond that point can make use of the hold overnight option, which is offered against a small overnight fee. The same feature can be used to keep orders perpetually open by paying consecutive overnight fees, until it is closed, or the account balance drops below the overnight fee amount.

Trading on Bityard is open 24/7, with a 100x leverage. All contract prices are fixed based on the K-line weighted average of crypto-asset prices on three major exchanges – Binance (30%), OKEx (40%) and Huobi (30%) to prevent chances of price manipulation. The platform has a transparent pricing and fee structure, charging the lowest industry fees at 0.05%. Overnight fee on the platform is calculated using the formula: Overnight fee= Margin x Leverage x 0.045% x No. of days.

Bityard also allows crypto-fiat OTC trades in a few geographies where users can trade directly with the platform’s OTC traders.

Security and Support

Just like the user experience, Bityard has not in any way compromised on the platform’s security. It incorporates all industry-standard security features, with two-factor authentication, PIN-based authentication for withdrawals, SSL, and other data encryption standards. The crypto funds held by the platform is secured in multisignature cold storage to prevent unauthorized access in case of a security breach. Bityard also performs regular security and real-time risk audits for all trades on the platform to ensure it stays on top of everything.

With all the best practices and user-friendly trading platform in place, there is nothing much for the traders to worry about. However, in case they have any queries or facing issues, customer support is always available on multiple channels to address them. Users can either use the live chat feature or fill support request form to raise a ticket. Alternatively, they can also email Bityard at support@bityard.com and all the issues will be resolved in the shortest possible time.

The Bityard platform is available in 8 different languages – English, Russian, Traditional and Simplified Chinese, Vietnamese, Korean, Japanese, and Indonesian.

With all these features in place, Bityard is on its way to lead the pack of crypto contracts trading platforms. Register at  https://www.bityard.com/trade/register to experience the simplicity of contract trading on Bityard.

Follow Bityard on

Twitter: https://twitter.com/Bityardofficial
Telegram: https://t.me/BityardExchange
Facebook: https://www.facebook.com/Bityardofficial/
LinkedIn: https://www.linkedin.com/in/bityard/
Quora: https://www.quora.com/profile/Bit-Yard
Tumblr: https://www.tumblr.com/blog/bityard
Medium: https://medium.com/@bityardsns
Blogger: https://bityardsns.blogspot.com/
Steemit: https://steemit.com/@bityard
Naver: https://blog.naver.com/bityard_sns1

 

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