Bityard Review: Best Cryptocurrency Contracts Exchange for New Traders

Bityard is the world’s first digital contract trading platform was founded in November 2019 and Headquartered in Singapore.

The Bityard exchange platform used the product concept of “Complex Contracts Simple Trade” and aims to bring the ultimate simplified trading experience to customers.

Bityard has fundraising 10 million dollars from a strategic investment from a US hedge fund. Bityard is regulated and licensed under Singapore’s Accounting and Corporate Regulatory Authority (ACRA), USA’s Money Services Businesses (MSB) from Financial Crimes Enforcement Network which belongs to the United States Department of the Treasury, Estonia’s MTR and Australia’s AUSTRAC.

Bityard attracts the attention of users because of it’s simple, secure, and fast contract transaction volumes, along with this Bityard made a Thai Boxing Champion Buakaw Banchamek as a brand ambassador to promote the product in the Asian market.

This is Buakaw’s Facebook about cooperation with Bityard.

The contract market is the main battlefield for exchanges this year and almost all exchanges launching their contract trading platforms. As a new joiner to the market, the team of Bityard knows that to compete in this market they need to provide users something that others don’t, in other words, innovations are a must to survive and win the race.

According to research, it has been found that digital assets trading is attracting the interest of new users. The users are interested in leverage trading to increase the profits but they are afraid about liquidation and complicated trading platforms. Bityard solves this problem and created a platform that is compatible for novice traders.

Complex Contracts Simple Trades

The industry leaders mainly target whales (a group of large quantity holders) and institutional investors, they provide complicated trading mechanisms, emphasizing their professionalism, complexity, and targeted users (institutional or professional investors), that are hard to understand for a novice trader. Bityard makes the process simpler by removing the unwanted and additional features that are not needed to make a successful trade and target the new audience that has a lot of potentials.

bityard

 

The platform uses real-time API-fed price data from BinanceHuobi, and OKEx to provide fair and best price average for its users. The layout of the exchange is also moveable and users can set the layout according to their comfort. The platform also has a night mode for those who like to use the black theme.

Margin trading and contract trading made easy with the exchange. The platform never stops and allows users to trade anytime from anywhere. There are no hidden fees or charges for trades.

For margin trading, the platform’s specifications are as followers:

  • Min/Max Leverage: 10X – 100X
  • Min/Max Margin: 5 USDT – 20,000 USDT
  • Trading Fees: Margin*(leverage-1)*0.05%
  • O/N Fee: Margin*(leverage-1)*0.045%

Signup and Start Trading

The exchange is very simple to use and friendly to new users that makes it very easy and simple to trade that’s why people use Bityard. It only takes 30 seconds to become the Bityard user where it only takes an email id or mobile number.

The platform currently supports 7 digital assets to deposit funds in user’s accounts. The more the number of deposit methods the easier for users to deposit their favorite cryptocurrency and start trading on the platform. The supported cryptocurrencies are USDT, BTC, ETH, TRX, XRP, XT, and EOS.

Bityard also supports the deposit of two fiat currencies RMB and VND. More fiat currencies and digital assets will be added to the platform in the near future. Bityard exchange also has a system in which users can transfer funds between superiors and subordinates which is basically facilitated by agents.

BitYard also offers OTC services for buying USDT with low trading fees that cater to first time traders and institutions alike.

Bityard Coin (BYD)

The exchange is launching its native token BYD. BYD is an Ethereum based ERC-20 token and can be used to pay the trading fee and creates additional discounts for users who hold it. Users can also store BYD in their Ethereum wallet.

There is also a daily mining program that allows users to earn BYD token and other coins. After each user successful registration, you can get free Bitcoin, Ethereum, EOS, Tron, and more mainstream digital currencies for a value of up to 258 USDT.

The BYD token will be listed on exchanges for trading in near futures and users can also make a profit from it.

Affiliate Program

Crypto influencers can become a partner and earn daily income from the affiliate program. Bityard gives up to 60% commission on trading fees. The commission and trading data are updated in real-time. Affiliates partners get instant support. All the data is transparent and very easy to track affiliates and commissions.

More information check: https://www.bityard.com/KOL-help

Advantages

  • Easy to start and good for new users
  • Good User Interface
  • Active Team and User Customer support
  • It provides good security features
  • Better market rates
  • Lowest fee among its competitors
  • Starts with Minimum of 5 USDT trade

Bityard’s difference from competing platforms:

Platform Bitmex Bybit Deribit Bityard
Headquarters Seychelles Singapore Panama Singapore
License Securities Dealer License Financial Services Comission MTR AUSTRAC,
ACRA,
MTR,
FinCEN
Transaction fee 0.075% 0.075% 0.075% 0.05% (The mining reward can be deducted by another 10%)
Fiat deposit? No No No Yes
Supported deposit currency Only 1 BTC 5
BTC,ETH,
EOS,
XRP,USDT
2
BTC,ETH
7
BTC,ETH,XRP,USDT,TRX,
HT,EOS
Minimum Margin 1 USDT 5 USDT 0.1 BTC / 1 ETH 5.00 USDT
No. Of Assets Options 8 4 2 10
Demo mode Yes Yes Yes Yes
Forced liquidation? Yes No No No
Max. withdrawal None 10 BTC None with KYC 100,000USDT
KYC? No No Withdrawals > 1BTC No
Leverage 1-100x 1-100x 1-100x 10-100x
Customer Support Email, Telegram Email, Online customer Email Email,Telegram,
Online customer
Brand Ambassadors None None None Buakaw Banchamek

Contact Email Address
support@bityard.com

Official Website Link
http://www.bityard.com

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