How to use Bityard exchange? You know Bityard cryptocurrency exchange and want to use Bityard to trade crypto pairs, but you don’t really know much about it, which makes you confused when choosing to join the exchange.
If this is your concern, then please see the Bityard exchange review immediately, to know how to use this exchange.
In this article, earn-crypto blog will share the pros and cons of Bityard, then we will show you how to use the Bityard cryptocurrency exchange at the most basic level, stay tuned to the end of the article.
Bityard Exchange Review
To be able to start trading on any exchange, it is essential that you know the information about that exchange. The criteria for evaluating a good exchange are based on many factors such as: the variety of coins / tokens, the liquidity of the exchange, security issues, convenience in use…
BitYard is a multi-agency regulated cryptocurrency exchange established in 2019 and Singapore-based Bityard. The ramp supports various aspects of crypto trading, including spot trading of the crypto market. Leading cryptocurrencies supported include Bitcoin, Ethereum, Litecoin, and over ten other digital assets, mainly in the top-100 in the crypto leaderboard. This caters to the needs of newbie traders who may want to trade liquid cryptocurrencies and hold them through the exchange’s wallets.
Currently, this exchange is serving customers from more than 150 countries. Bityard adheres to the concept of “Detailed contract, easy transaction” to help customers transact in the simplest and most convenient way.
- Cryptocurrency spot trading
- CFD trading
- Copy trading system
- Perpetual contract trading service (USDT-M, and COIN-M)
- Grid trading system (coming soon)
Traders can buy or sell cryptocurrencies with high leverage or just use a spot exchange.
Beyond geo aspects, BitYard is also regulated and holds four licenses guiding its operations. BitYard complies with Estonia’s Financial Regulatory Authority (MTR), the U.S.’ Money Services Business (MSB), Australia’s Transaction Reporting and Analysis Center (AUSTRAC), and lastly, Singapore’s Business Administration of Singapore.
Pros and Cons of Bityard Exchange
- The registration process is quick and easy.
- Easy to use platform for beginners to get into trading.
- Low transaction fees.
- Trade CFDs on a wide range of assets including cryptocurrencies, indices, commodities and forex.
- Users can buy and sell the largest and most popular cryptocurrencies in the cryptocurrency market through the spot trading platform.
- 125x leverage, minimum investment only $2.
- Advanced copy trading system with top professional traders around the world.
- Users can deposit both fiat and crypto, operating in over 150 countries.
- Traditional trading feature. These include charts, with the necessary tools to perform technical analysis.
- Responsive customer support via email, Live Chat, social media.
- Global presence, serving more than 150 countries.
- Emphasize security.
- There are no grid transactions.
- Few promotions.
Thus, it can be seen that BitYard is one of the best exchanges today in terms of transaction fees, security, customer support, compliance with the most difficult legal constraints… so use Bityard to Trading and protecting assets is a reasonable choice.
How to use the basic BitYard exchange?
In the next section earn-crypto blog will show you how to open an account, trade, deposit, withdraw and trade on the BitYard exchange.
How to Register a new account on Bityard?
Signing up for an account on Bityard is similar to other exchanges, easy and free. Get started by clicking the button below to access Bityard.
You can use your email or phone number to start the registration. If you start with email, please enter the exact email you are using. Because Bityard will send a confirmation code to the email. You need to enter it and create more password, press “Get Started” to finish.
Do the same if you use your phone number to sign up for a Bityard exchange account. After registration you can get mystery boxes containing welcome crypto, you can get them by completing tasks in “mystery box” section.
The next thing to do after signing up for Bityard, we recommend going to the “Account Security” page to set up account security features. We recommend doing the following:
- Phone Number Verification:
- Email Verification: Bind your email for login, reset password, and withdrawal
- Google Authenticator Settings
- Fund Password: Set fund password for withdrawal
- Anti-Phishing Code: Protect your account from phishing attempts and ensure that your notification emails are from BitYard only
In case you want to use all Bityard services, you need to unlock it by doing KYC.
How to use Bityard exchange – Buy, Deposit, Withdraw
To buy Bitcoin (AltCoins) you go to Buy Crypto, select the corresponding currency pair, then choose a payment method, BitYard offers transactions with units such as Transak, Banxa, Mercuryo, RAMP…
Deposit and Withdraw
On the menu bar you will see your assets section where you can choose to deposit or withdraw.
Basically, it’s not difficult, you just need to choose the currency you want to deposit or withdraw, choose the right network that supports that currency, then enter the amount of money you want to deposit or withdraw, finally confirm the transaction is successful.
Note: About the minimum amount when depositing or withdrawing you need to pay attention, because if you do not deposit the minimum balance you will not be credited in your account, for example USDT when depositing must be at least 15 USDT , or a minimum withdrawal of 20 USDT.
Note that for each currency there will be a minimum deposit and withdrawal limit, if you deposit with less amount you may lose it and not get it back.
How to trade on Bityard?
Bityard offers spot trading, derivatives, copy trading… making it easy for users to make money on Bityard.
Here’s how the main transaction display looks like:
The overall trading interface on Bityard is quite simple, which makes it easy for new traders to use the exchange.
On the left side, you will see the available trading pairs, and in the middle, there is a simple price chart. On the right side you can find orders and below is where you can see opened positions. Similar to other exchanges, Bityard also uses 2 basic order types.
How to use bityard exchange – Spot trading:
Market order: Buy/sell instantly with exact updated value from the market in real time.
Limit order: Buy/sell with the values set, when the market value matches the value you set, the buy or sell order will be triggered.
How to use bityard exchange – derivatives:
With derivatives trading, you can use leverage to increase your profits, but be careful because when using leverage you have to understand this will also lead to exponential losses.
Advice: You need to settle down with low leverage, gain experience before making trades with higher levels.
In derivatives trading you can choose CFDs products to experience, CFDs trading fees are very low, only 0.05%.
Well this is a very nice feature, this feature helps those who do not have the ability to trade, do not know trading analysis techniques, do not understand the market, people with little time, lazy people. .. but still want to profit from profitable tradable idle assets.
Bityard is also one of the earliest copying exchanges on the market. Here you can find excellent, stable traders who are ready to help you make money with cheap fees.
For example, on Bybit the fee to be paid to traders is 10%, but on Bityard it is only 8%. Even this saved you 2% profit.
You can check the number of trading days of the traders, the number of trading orders in a month, the win rate… and then choose the right trader.
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3 Simple Steps to Earn Commission
- Share Referral Link: Share your referral link on social media
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Get up to 40% on trading commissions, and earn more with your indirect marketing system.
Above is a basic guide to using the Bityard exchange, one of the best exchanges in the world. Wish you success with Bityard.