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BitYard, a good option for newbies

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Written by   421
7 months ago

This is my entry for Club1BCH presents ... The Bityard writing competition. At first, I didn't think about writing for the contest. I don't know if it will be the years, but lately, I'm saturated with trying new exchanges, and I feel comfortable with the ones I have. So at first, I was reluctant. But after reading some of the articles that have been submitted so far to the contest, I was encouraged to create my account in Bityard.

Bityard is a cryptocurrency exchange and derivatives trading platform created in Singapore in 2019. If you are a pro in trading, what I will tell you here will probably not be very useful. Although, the platform seems to have all the tools that a pro trader needs. But my opinion will be based on its use by newbies like me when it comes to trading derivatives or crypto trading with futures. So without further ado, I will tell you from my point of view what I have liked about Bityard so far and why I will be giving it a try to the platform.

Pros of Bityard

  • First of all, I must say that it's already a great success for me to be able to register from Venezuela, where many other platforms don't provide their services. Venezuela is one of the more than 150 countries from which you can operate on the platform. Bityard has licenses to operate and complies with the regulations of Singapore, the United States, and Estonia.

  • The registration is very simple. You need an email address and that's it. They aren't lying when they say that you only need 3 clicks and 3 seconds to create your account and have it operational. Your account is ready to operate without KYC. You can withdraw up to 1500 USDT per day in this case. Which seems like a pretty decent amount. It's only required to verify the email or phone number and set up a security pin for deposits and withdrawals.

  • The platform has a demo mode that allows you to trade without risking your coins. A very practical option for users who aren't experts.

  • One of the things I decided to sign up for is the possibility of copy trading and learning a bit from more experienced people. This option isn't exclusive to Bityard, but I must say that I haven't used it yet on any other platform. So it's an option that I would like to explore.

  • The minimum investment amount of two dollars is really attractive for those who are learning and/or don't have much investment capacity but want to enter this world.

  • The commissions for trading are competitive at 0.05% and there is also the option to see these reduced with daily mining.

  • The possibility of mining every day and obtaining gift coins that serve to cover the commissions of the site is a plus. Every day the platform offers you the possibility of mining some coins that you can transfer to a gift money coupon that, although it cannot be withdrawn from the platform, serves to cover the commissions of trading operations.

  • The affiliate program looks pretty cool. Up to 40% on trading fees.

Cons of Bityard

  • A weakness could be that the platform, for now, doesn't allow the deposit in FIAT currency. And the options for cryptocurrency deposits are limited for now to just a few of them. One of the options I miss is to be able to deposit BCH. Although, you can trade with it on the platform.

  • And a weak point that I found was that among the languages ​​that the platform has enabled, there wasn't Spanish. I hope this is an option that will be added in the future.

Coins I'm bullish with for Q4

Of the currencies that can be traded on Bityard, I'm bullish with BCH, of course. I expect the interest around SmartBCH will increase even more in the next weeks. And that gives a boost to the price of BCH.

I'm also bullish with Cardano. So I expect both cryptos to have an uptrend from here to the end of the year.

Closing thoughts

In conclusion, so far, the exchange seems friendly to me. The interface looks simple. And I will explore it more in demo mode in the next few days. And later in the week when I will be less busy, I plan to start trying the copy trading option.

So I will say that Bityard is a good alternative for those who have little experience, as is my case. And I'm sure that those who are experienced will be able to get good results with the use of the platform.

I encourage you to join the writing contest presented by #Club1BCH. You have until October 22nd. and you can review the contest rules here.

My UID BITYARD: 655512234445127680

Images credit - screen captured by me from BitYard site and edited with canva

All writing are my own unless otherwise stated.

© CoquiCoin  

You can find me also at Noise.Cash ⊛ Hive ⊛ Torum ⊛ Twitter

Until next time! ;)

October 18, 2021

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Written by   421
7 months ago
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Comments

This is the first post about Exchange that I completely understand, you use a simple and clear language, thank you very much for your contribution.

Although I like the contests when it comes to cryptocurrencies I stay away, in the future if I plan to dabble in this topic.

$ 0.04
7 months ago

I'm glad you found it useful. I don't consider myself an expert, far from it. But I do want to learn.

$ 0.00
7 months ago

He vistos tantas cosas en donde nos invitan a registrarnos, que de verdad todavía no me siento capaz de escoger con cual empezar. Es muy buena su manera de explicar desde los enfoques que necesitamos saber sus pros y contras. Así cada quien es libre de hacer lo que crea prudente. Muchas gracias.

$ 0.02
7 months ago

De nada! Lo importante es que te sientas segura de estar lista para invertir y no hacerlo solo porque los demás lo hacen. Yo también suelo darle vueltas a las cosas antes de decirme, hehe

$ 0.00
7 months ago

Good luck! I love the mining part of this app, it's easy.

$ 0.02
7 months ago

Thank you, Lykelyca! The mining is cool, and I'm also interested in copy trading.

$ 0.00
7 months ago

Well it a really big step you've taken well wosh the best In trading hope make a lot of profit also goodluck

$ 0.01
7 months ago

Thank you very much!

$ 0.00
7 months ago

I have not been able to explore more of the site but thanks to this, I now know more. I also noticed the copy trading which I intended to try hopefully soon when I have a little more time :)

$ 0.02
7 months ago

I will look at the copy trading hopefully during the weekend. :) Cheers, sis!

$ 0.00
7 months ago

Cheers too sis :)

$ 0.00
7 months ago

Convincing!!! I would say.i think with this article of yours I might give it a try because I don't like to lose but it a part of life either you lose or gain,I think I'll give it a chance. Thanks for sharing the information and details 👌

$ 0.01
7 months ago

You are welcome! we just have to keep in mind that we should do our own research and never invest more than we can afford to lose.

$ 0.00
7 months ago

Hmmm, I'll try to create an account in this exchanger. This article convince me to havemy account 😅

$ 0.01
7 months ago

Good luck! And always do DYOR ;)

$ 0.00
7 months ago

You know, ever since I joined this platform I've been reading articles on bityard, trying to differentiate between it and Bitcoin. Thanks for this enlightenment in this article.

$ 0.01
7 months ago

Bityard is an exchange. I'm glad you found the article helpful.

$ 0.00
7 months ago

Thanks sis! Your article made me want to sign up with bityard. Lots of love sis!

$ 0.02
7 months ago

I encourage you to join the writing competition, sis. You still have time, xoxo

$ 0.00
7 months ago

will try sis.. my mind is really else where these days..

$ 0.00
7 months ago

I already made an account and still exploring the application. First time to join other crypto aside this platform.

$ 0.00
7 months ago

Good luck! And always do your own research :)

$ 0.00
7 months ago

This is a very nice read and I wish you the best of luck with the contest! 🍀

$ 0.05
7 months ago

Thank you much! :)

$ 0.00
7 months ago

I will also try this out for the weekend. I am not a huge fan of trading most of the time but this might help me out.

$ 0.02
7 months ago

Good luck with your trading journey!

$ 0.00
7 months ago

As a newbie, I think i'd give it a nod when i'm totally done with doing my DYOR. thanks

$ 0.01
7 months ago

Yes, always do your DYOR. You are welcome

$ 0.00
7 months ago

Goodluck, amiga!

$ 0.02
7 months ago

Thank you, sis! :)

$ 0.00
7 months ago

This looks interesting. Since it has a demo mode, I think this is a good platform for noob traders like me.

$ 0.01
7 months ago

It's worth at least giving it a look. ;)

$ 0.00
7 months ago

Yep... Learning without risking your assets

$ 0.00
7 months ago

It is the best article I've read, I liked it very much, very concise showing one of its weaknesses that I have not seen in the other articles, I wish you luck, I still do not dare to use this platform, I am with other research.

$ 0.01
7 months ago

Thank you so much, Frank! What caught my attention on Bityard was the possibility of copy trading.

$ 0.00
7 months ago

I was watching this on another page that I am following, I was very impressed that the person who has the first place has an average of 1400 %, what I did not understand is that there is a fee to follow him and how much is that fee.

$ 0.00
7 months ago

I just read in another article that it is 8% of the net profit of each order. I will take a look maybe tomorrow afternoon that I will have more time.

$ 0.00
7 months ago

Wonderful composure, i wish us both luck too. I made something yesterday on it.. nice learning something different.

$ 0.02
7 months ago

I read yours yesterday ;) I wish you good luck!

$ 0.00
7 months ago

Thank you Coin

$ 0.00
7 months ago

OMG! Can I start a trading test with just $ 2? or is it demo mode? still, both options are attractive. I will take a look, BCH and Cardano are safe bets. LOL, risk a little.

$ 0.02
7 months ago

The minimum deposit amount is 10 dollars. But according to the site, each trading is of a minimum of 2$. I don't say I won't try with other coins. But for the writing competition you should name the coins you are bullish with in the Q4 ;)

$ 0.00
7 months ago

Ah ok. I already understand about the coins! Thanks for the information.

$ 0.00
7 months ago

Wow! That seems interesting. Definitely try this one.

$ 0.01
7 months ago

You should. And you can join the writing competition too. ;)

$ 0.00
7 months ago

Good luck nice cons and pros there 😁

$ 0.02
7 months ago

Thank you! :)

$ 0.00
7 months ago

Wow this is interesting! I haven’t been into another crypto currency as of recent except for the originals that i had BTC and BCH. (Although i also tried putting some amount on my ETC, KNC and Chainlink heheh)

$ 0.02
7 months ago

This exchange seems worth giving it a look. In my opinion, mainly for copy trading. It could serve as a learning tool as far as we don't risk too much.

$ 0.00
7 months ago

Best of luck! I am sure no other article will even be close as good as yours, So if you don't win this, it must be manipulated. :-)

PS: Please stop giving me Rewards. I really don't need them, take it for yourself!

$ 0.00
7 months ago

Thank you for your appreciation :)

$ 0.00
7 months ago

Anything related to crypto world and how it works, looks interesting for me, I will definitely take a look there because this crypto-world grows every single day. Thanks, my dear Coqui.

$ 0.02
7 months ago

You are welcome, my friend! :)

$ 0.00
7 months ago

I tried using bitrad but it requested for drivers license as a means of identification which I do not have. Is there any way around it?

$ 0.00
7 months ago

This is Bityard and it doesn't require KYC unless you plan to deposit and withdraw a lot of money. So you can try it there.

$ 0.00
7 months ago

I am tempted too by the copy trade, and I have been watching how the traders have been getting on over the last week or so! Maybe I will give it a whirl.

$ 0.02
7 months ago

It's interesting. And it seems a good way to learn about crypto futures trading. You should write about Bityard. You still have a few days to join the competition.

$ 0.00
7 months ago

Good luck my friend! 4 days more to finish line.

$ 0.01
7 months ago

Thank you! But I bet for yours ;) Good luck!

$ 0.00
7 months ago

Wow you flatter me! Many thanks! 🙏

$ 0.00
7 months ago

Goodluck cocola...wish you success as you trade and also in the competition.

$ 0.02
7 months ago

Thank you, HappyBoy! Good luck to you too! :)

$ 0.00
7 months ago

I have seen bityard in some advertisement on YouTube but I didn't know much about it,thanks for elaborating more to me I think I would check their reviews and see if it's worth it.

$ 0.02
7 months ago

You are welcome. I'm glad you find it helpful.

$ 0.00
7 months ago

Good luck in the competition! Glad you gave it a try

$ 0.02
7 months ago

Thank you! :) I like to learn, and it seems like a good place for it.

$ 0.00
7 months ago

I wish you success in your new account, my friend.

$ 0.02
7 months ago

Thank you, my dear friend!

$ 0.00
7 months ago