Bityard have grown so much since the last 10 months when I met it through writing contest at Publish0x, it's inevitable that they'll constantly innovating since they are legit trading platform with four licensed and is operating more than 150 countries worldwide.

With it's famous tag line “Complex Contract Simple Trade” making complicated trading into simpler that will also suit for noob traders. With it's 40% affiliates program, that can somehow attract traders to invite their friends to trade with Bityard. It can be one-stop trading platform with very low trading fees that only cost 0.05%. Traders have many options to trade such as cryptocurrency, derivatives, forex, and soon they'll have grid trading as well.

Spot Market On Bityard

What's good about spot market? Well, spot market is good for those noob traders or people who doesn't like leverage trading, to avoid losing money from their reckless trades when the market goes again with your prediction.

I chose to write review on spot market in Bityard since currently it is the one I am using. I am not into future trading these days as I am avoiding to get rekt.

Last 10 months ago we've made a video about Bityard and during those times Spot Market isn't available yet. Now that they have it already I am certain that I am gonna use Spot market instead of futures.

When we click Spot account in Bityard it's very easy to find pairs as it was categories such as USDT, DOGE, USDC, BUSD, EUR and GBP pairs we just have to click it whatever pair we likes or we can actually type on search bar option.

Below the pair options are the coin type category;

• ALL- means all the 300 pairs will be shown to you.

• DeFi- these coins are those governance tokens of Decentralized Finance Application (DApps), for example CAKE.

• POS- these coins are based on Proof of Stake, for example DOT.

• Gray- these coins are on Grayscale Investment which usually coin that is based on POW (proof of work or mining). For example, BTC and BCH.

• BSC- these coins are running under Binance Smart Chain, for example SUSHI.

By this category feature you'll also learn what Blockchain are those coins running that you are trading. It can add on traders knowledge when they'll conduct they're research before investing.

Let's dive into the spot market chart

This is how the chart look like, the only indicators available are MA (Moving Average, 7-25-99) and Volume 20.. you can edit it anyway according to your preferred MA grade. Maybe this is the only indicators they had because they are trying to make the chart simple.

Above the candlestick are TF (Time Frames) available are the Line, 15m, 1hr, 4hr, 1d and when you click more it shows 1m, 5m, 30m, 1week and 1month. You just have to chose your time frame preference on that.

Below the candlesticks are the Order Book - where you can check the list of buy and sell orders. Recent Trades- where you can see the recent trades executed. 50x BCHUSDT - will direct you to the future platform where you trade with leverage.

If you click BUY button in the chart view, you'll be directed to this options, you can choose LIMIT or Market. If you choose LIMIT- you'll have to input your own preferred buying price. You can manually input your total amount of capital to buy or just use the percentage button that shows 25%-50%-75%-100%. If you choose Market buy- you'll have to click the market price given below the green one, then set how much capital you want to buy and proceed to BUY. After that your order will be created and you just have to wait for it to be filled.

In selling the process are the same with buying, if you choose limit then you have to input your target price and the amount of your crypto to be sold.

If you choose Market price in selling just chose the price floor given above the red ones then proceed to sell and your order will ne created.

Spot trading on Bityard is the same with Binance the only difference are the indicators and some glitch that I noticed and I will discuss it onwards.

Some factors that I hope to improve in Spot trading in Bityard

There are some factors or features that I wanted to point out which hopefully in the next future they'll improve it.

Indicators:

I don't know if it's because of the simple trade slogan of Bityard that is why their indicators are only MA and Volume. I wanted to see more indicators in Bityard as well so I can check better if it's already good to buy or sell such as EMA, RSI, MACD, BOLLINGER BANDS and more. But if it's really because of the complex trade into simple trade then I must respect the platforms stands.

Order and Trade History

Below buy and sell button is the button for order and trade history, so you can check your recent trades but I was disappointed I see nothing.

If you click the button this will appear but you can't find any data, even if I set the date. I don't know if it's only a glitch but everytime I checked it I see nothing. As I wanted to check the details of my last trade where I bought my SHIBA INU.

Checking Candlestick

My last concern is reading Candlestick, if I'll check data of the candlestick which are the opening, high, low and closed price is too hard. I have to click it hardly and manually. If I'll move to another candle I have to click it hard again, unlike Binance candlestick and other trading chart platform where we can easily move cursor to check the candlestick data, with Bityard it takes time as you have to click it manually. I don't know if this only happens on Mobile but with Binance even in mobile it works perfectly.

My current sell limit or open order in my Bityard spot account is the SHIB/USDT pairs, what I like in spot is that even if the market sink I will not be forced to sell my coins because I can hold it until the price bounce back.

Conclusion:

I know Bityard is continuesly growing and for sure in no time my concerns will be attended so Bityard traders will have a better experience in the platform.They'll continue using the platform and even introduced it with their friends because they have nice experience with it.

This is an entry for Bityard review content under Club1BCH & Bityard Events - Three Crypto Opportunities

Bityard UID:

540739835725119488

Thank you for reading!

Date Published: December 16, 2021