Bityard Exchange

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Avatar for Ivankov
3 years ago
Topics: Crypto Trading

Bityard is a cryptocurrency derivatives trading site that is fully regulated. The exchange rapidly established itself as one of the most well-known cryptocurrency contract exchanges in the world. This success stems from the developer's ability to make leveraged contract trading as easy as possible. Bityard exchange, as part of this strategy, offers a convenient, user-friendly platform that allows everyone to buy contracts in a comfortable, fast, and secure manner.

Alternatives to Cryptocurrency

Trading cryptocurrency options is distinct from trading coins directly. Real cryptos, such as Bitcoin or Ethereum, are not purchased. Instead, you buy contracts based on potential future price scenarios. For advanced users, options are a valuable tool. These contracts allow investors to bet on an asset's price fluctuations without actually owning the asset. Bityard recently extended its product range to include both spot and futures trading. The transition has assisted the exchange in expanding its user base and serving a broader audience of cryptocurrency investors.

Contractual Threats

There are a few drawbacks to this advanced trading approach that are worth noting. Many contract traders, for example, use some form of leverage. Margin and leveraged trading are advanced strategies for increasing the future return on investment. They do, however, increase the risk exposure significantly. Leveraged trading options are ideally suited for professional traders for these reasons.

Bityard Exchange Benefits

Bityard has the most beginner-friendly software on the market for those who are willing to start trading options. Because of its low entry levels, low fees, and 24/7 online support, the platform is suitable for new users. Here are a few of the advantages Bityard users get:

Interface that is easy to use

Bityard offers one of the most user-friendly options trading platforms online. The portal makes it simple to keep track of all of your investments. In this way, Bityard's user interface makes it easier for beginners to navigate the world of crypto contracts. Bityard's interface helps users to quickly monitor business exposure and positions. To help the approach, the portal offers real-time risk auditing and risk management software.

Effective

Bityard leads the industry in terms of trading performance. The trading engine on the platform is the fastest in the industry. Around 1 million transactions per second can be matched by this advanced protocol.

Adaptability

Bityard is a decentralised ecosystem for crypto contracts. Investing is made easier by the network's dynamic contract offerings. Since all technological aspects of trading are done on the backend, these special protocols assist in the onboarding of new investors into the market. The platform also embraces a wide range of fiat currencies. The network, for example, accepts RMB (China), Vietnamese Dong, and Indonesian Rupiah.

Trade Demos

The demo mode is a good place to start for new users. This feature is a perfect way to learn about the intricacies of trading crypto derivatives. The demo mode, best of all, uses actual price charts and volumes. As a consequence, you gain experience without investing in real estate.

Cryptography

The opportunity to short crypto markets is another bonus for Bityard users. Shorting is a complex trading technique that enables users to bet against the price of cryptocurrencies. When you short an asset, you are taking a leveraged position on it. Then you sell everything you own. You repurchase the asset when the price falls, which improves your position. Finally, you pay back the loan while retaining the income.

Fees are low.

In comparison to its rivals, Bityard has a low fee structure. The platform charges a transaction fee of 0.05 percent. This is a lower rate than what major rivals including Binance, Coinbase, and Deribit are currently charging.

Governed

Bityard is a cryptocurrency derivatives exchange that is fully regulated. Singapore, Estonia, Australia, and the United States all have regulatory licences for this website. The exchange is regulated and authorised by Singapore's ACRA and the Financial Crimes Compliance Network's MSB in the United States. The MSB is a joint venture between the US Department of Treasury, Estonia's MTR, and Australia's AUSTRA.

world-wide

Bityard was developed by developers to serve an international community. Currently, the network is available in over 150 countries. The website is also available in eight different languages. Bityard supports English, Russian, Simplified Chinese, Traditional Chinese, Vietnamese, Korean, Japanese, Indonesian, and Portuguese as well as other languages.

Safety is paramount.

Bityard is concerned about defence. The network uses several offline cold wallets to shield user funds from malicious actors. Safe Sockets Layer (SSL) encryption is also used on the website. You can add 2FA security to your account withdrawals as an extra move.

What Is The Bityard Exchange And How Does It Work?

Bityard, interestingly, does away with the conventional order book seen on today's exchanges. Instead, the network employs a proprietary matching engine to prevent slippage. This engine is also responsible for the network's pace.

App for mobile devices

With any Android or iOS device, you can exchange crypto derivatives, copy trades with other participants, and trade contracts on the go. The Bityard app is impressive in that it provides all of the website's core trading features in a mobile-friendly format. Bityard is a forerunner in this field, as there are currently few mobile options for crypto derivatives.

Copy trade

Bityard added a copy trade feature this year. This device enables users to mimic skilled trades. To use this feature, you must have at least 500 USDT in your account. This approach enables new users to benefit while also learning trading strategies. The best aspect is that the feature works on both mobile and desktop computers.

Margin Trading

Margin trading is supported by Bityard. Margin traders deal with a leveraged position and just make a small deposit. Margin trading necessitates the provision of some kind of protection.

Utilization of leverage

Futures contracts can be traded with a 100x leverage. This method helps skilled traders to increase their profits. New users should stop investing at 100x leverage because they risk losing their entire deposit if the market turns against their strategy.

Conclusion

Bityard fills a major void in the market. Professional and intermediate traders seeking to enter the derivatives market may use the exchange as a link. As a result, the Bityard exchange will continue to be a valuable trading platform in the industry for many years.

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Avatar for Ivankov
3 years ago
Topics: Crypto Trading

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