Bityard is an exchange from Singapore launched in 2020. It looks excellent from crypto and supports eight different languages: English, Russian, Simplified Chinese, Native Traditional Chinese, Vietnamese, Korean, Japanese, and Indonesian.
The Bityard platform primarily markets three things as its main advantages: it is secure, easy, and fast.
While we have no reason to be skeptical of the security, tolerance, or speed of this forum, we do not fit in with statements such as “leading European financial contractors.” Based on what limits should the exchange consider itself to be “leading the world”? We find it challenging to accept that Bityard, in any support, is leading the world considering the launch in 2020. On the other hand, if they are trying to express a strong desire and want to lead the world, it is right in our view.
Bityard is very focused on being the best and easy alternative, suitable for new crypto traders. And we feel that this focus has actually made its way.
Leverage Trading
Bityard also offers commercial gains from its platform. This means that you can get high exposure by raising or lowering a specific crypto price without having the necessary assets. You do this by “limiting” your trading, which means that you borrow from the exchange to bet more. You can get a 5x to 100x leverage in this platform.
For example, suppose you have 10,000 USD in your trading and bet account of 100 USD in a long-term BTC (e.g., rising in value). He does so with a 100x leverage. If the BTC then went up in price by 10%, if you only had 100 USD, you would have got 10 USD. As you bet 100 USD at a rate of 100x, instead, you get another 1,000 USD (990 USD more if you have not leveraged your contract). On the other hand, if BTC ( Bitcoin ) goes down by 10%, you lose 1,000 USD (990 USD more if you don’t leverage your contract). So, as you might picture, the balance between risk and reward in well-paid contracts is well-established (there are no risk-free benefits).
Mobile apps
This feature is not only available on your desktop, and you can now access it via your mobile phone. Most traders in the crypto world today run their operations on a desktop (about 70% or more). However, there are people out there who want to do it from their smartphone too. If you are one of those people, this platform can still be yours, because it has a traditional mobile app.
Bityard Trading View
Every exchange has a different trading view. And there is no “best look at all’-views. You have to decide for yourself which trading idea is right for you. The common idea is that it all shows an order book or at least part of an order book, a selected crypto price chart, and a history of the order. They usually have buy and sell boxes. Before choosing an exchange, try looking at a trade view to see if it feels right for you.
Fees
Bityard Trading Fees
The trading fees associated with crypto contract trading can be challenging to understand. In this scenario, you pay for two types of transactions: the opening fee, and the overnight pay.
An opening fee is payable when you open a position. Set to 0.05% (formerly 0.075%), but has other features. Margin and leverage influence the opening fee as well, so “real fee” is available in the following formula:
Opening fee = Margin * Leverage * 0.05%.
An overnight fee is in addition to the opening fee and is charged every night when you hold a position. This amount is 0.045%. You can calculate “real fee” with this formula:
Nightly Money = Margin * Leverage * 0.045% * Days
Bityard Withdrawal Fees
According to information from the platform, withdrawals are only conceivable in USDT. The withdrawal fee is 2 USDT for each withdrawal you make. This withdrawal fee is very competitively low and is almost 60% below the global industry average.
Deposit Methods and US Investors
Deposit Methods
On this platform, you can deposit fiat money using debit cards, but not by wire transfer. Note that if you are going to deposit using Tether (USDT), there are three different options here. You can pay for TRC20, ERC20, or OMNI. When you click on a coin, it will generate a QR code or address.
When it comes to fiat currencies, this is only available in Vietnam, Indonesia and Mainland China. However, when I spoke to the team in a live chat, they told me that they would release this “OTC feature” to the rest of the world in due course.
US investors
According to data from the exchange, American investors can trade here. However, different US laws may confuse American investors’ interests whether the platform is open to them or not, so, if you are a US investor, you should always try to build your opinion on any issues that may arise from your trading. -crypto.
Bityard Security
We use all exchange websites for Mozilla’s Observatory-test (https://observatory.mozilla.org/). A score on such tests is one of the many indicators of exchange security. Bityard received a D-score in the test. Don’t panic, though, as the Mozilla Observatory-score is actually found in the majority of all exchanges on our exchange list. So, when this light shines, D is actually above average.
Key features of the Bityard platform include:
- Bityard offers OTC services to purchase USDT at a lower transaction fee. This helps early sellers.
- Accepted deposits in cryptos: Bitcoin (“BTC”), Ethereum (“ETH”), Huobi (“HT”), LINK (“LINK”), Ripple (“XRP” ), EOS and Tether (“USDT”)).
- As an exchange of funds, mining activities give miners the opportunity to earn money through the DOD program.
- Trade-supported Cryptos include BTC, ETH, XRP, LTC, EOS, BCH, ETC, and TRX in main area and DASH, BAT, ADA, KNCU, XLM, XTZ, ZRC and LINK in innovate area.
- Users can withdraw from Tether (“USDT”) only, except merchants in Mainland China, Indonesia, and Vietnam.
- Simple, easy, and fast.
- High-security emphasis
- Offering a ratio of between 5x and 100x. (See more details).
- Compatible mobile app for android and iOS.
- It is controlled, not by 1, but by four regulatory bodies worldwide.
- An easy-to-use display, with many risk management tools.
- A demo account available to customize the platform offer.
- Global access.
- A faster registration process, with additional options designed to improve security measures.
- A fast-trading engine, capable of making 1m transactions per second.
- 24/7 – Customer Support – 24 hours support per day is available via the main support page, email and Telegraph.
Referral Program
Bityard has an attractive affiliate system marketed as KOL, and the crypto community has been invited to become a Bityard business partner. Contacts can turn influence into commissions, with the potential to earn up to 60% of commissions on all trading transactions.
Transparency: A multi-dimensional reports have been provided with detailed information.
Real-time settlement: All commissions are resolved in real time, with real-time data updates.
Support: Affiliates receive 1-on-1 assistance from the Bityard business department.
In addition to the above revenue, KOL offers 5 support programs:
The low discount of 40%
KOL – Daily Salary
All active user bonuses for the first three months
Advanced bonus to KOL qualified
Bonus on KOL recommendation.
For more details: https://www.bityard.com/KOL-help
