Bityard Review – An easy way to trade crypto contracts

Here is a review of the Singapore based crypto contract exchange, Bityard, that is trying to offer a unique and uncomplicated leveraged trading experience to its users.

The crypto industry has come a long way in the last decade and is still emerging at an impressive speed. More and more platforms are coming up to provide people with easy access to cryptocurrencies around the world. One such platform is Bityard. The Singapore-based crypto contract exchange was founded in 2019, and it provides services to its customers in 150 countries around the world. 

Bityard successfully brings simplicity to its users

The emerging crypto contract trading platform is headquartered in Singapore and provides services in 150 countries and regions,

including North America, Europe, Asia Pacific, and Southeast Asia. The crypto trading platform is very trustable as it complies with regulators and is properly licensed. More details about licensing are discussed below in the article. The crypto contract trading platform stands out amongst its competitors as it strives simplicity and quite successfully achieves it. 

It is quite understandable that dealing with crypto for first-time customers can be quite complicated and confusing, but Bityard’s interface makes it simple for new customers to place their first order. 

 

Bityard has a well-simplified user interface design

The Singapore-headquartered crypto contract trading platform has a well-simplified user interface design that appeals to first-time crypto traders and newbies. The Crypto industry is an emerging market, and more and more new people join it each day. Simple to understand interface design can be a real advantage for a platform to attract new customers, which Bityard seems to do successfully. 

 

Bityard Features Review:

  • Simple to sign up – The only thing user needs to register on Bityard is a phone number or an email address. It only takes 30 seconds to register on the crypto trading platform. 

Click here to Register on Bityard.

  • Deals in 10 mainstream cryptocurrencies – Currently, Bityard supports the deposit of ten mainstream crypto with Chinese Yuan (CNY), Indonesian Rupiah (IDR), Vietnamese Dong (VND). The crypto contract trading platform promises to add more fiat on-ramp services in the future. The seven cryptocurrencies that Bityard accepts for deposit are BTC, ETH, XRP, USDT, TRX, HT, and LINK.
  • Simulated trading account – The crypto contract trading platform also provides its customers with a simulated trading account so that new users can practice how to place orders before using their real funds. Small features like these make Bityard stand out amongst its competitors. The complex trading interface functions are simplified, and users can trade from as little as 5 USDT on Bityard. 
  • Better Leverage –  Bityard provides better leverage than other exchanges out there in the market. Bitmex, Bybit, and Deribit provide a leverage of 1 -100x while Bityard offers its customers leverage of 5-100x. The better leverage makes the crypto contract exchange stand out amongst its competitors. The crypto exchange also has the maximum withdrawal limit of 100,000 USDT. 

 

Bityard complies with regulators

The crypto contract trading platform complies with regulators in countries it provides its services. Complying with regulators assures users that are engaging with a legitimate platform, and the company has the best interest of its customers in mind. The company holds licenses issued by financial regulators, the Business Administration of Singapore (ACRA), the United States Financial Supervisory Authority (MSB), the Australian Transaction Reporting and Analysis Center (AUSTRAC), and the Estonian Financial Regulatory Authority (MTR). The platform is under standard global regulations for cryptocurrency companies. 

 

The native token of Bityard

BYD is a platform coin issued by the crypto contract trading platform. The coin has a total circulation of 210 million. Users can get free BYD while registering and trading on the crypto contract trading platform. Bityard plans to list BYD on the exchange to obtain excess returns from the listing for users who hold the native coin. 

Bityard had received a strategic investment from a US hedge fund worth $10 million, creating a precedent in the industry for complex contracts and simple transactions. 

Click here to register on Bityard.

 

Bityard Exchange Security Features

When someone wants to engage in crypto, the first question that comes in their mind is how secure the platform is and how safe their funds are with the platform. Security features of a crypto platform are essential. So how does Bityard perform on this aspect? The crypto contract trading platform uses multiple wallets stored offline in cold environments. Cold storage is considered the best way to protect the funds from a hacker as it cannot be accessed from the internet. The exchange keeps most of the funds in cold storage with only a smaller portion in “hot wallets,” which is used to pay for withdrawals/take deposits.

 

Simple deposit and withdrawals on the platform

Making a deposit at Bityard is quite simple and easy as compared to other crypto platforms. In order to make a deposit, all you have to do is head on over to “Panel” then hit “Deposit.” How long the deposit takes depends on the coin that you are sending. Different coins require a different amount of confirmations to be completed before they are credited in your account.

 

Conclusion

Bityard has several features that make it different from its competitors in the crypto industry. But what stands out for us is the simplicity of the crypto trading platform. The simple interface design and the ease with which a user can place an order without going through a complicated process. Singapore headquartered crypto exchange has a user base all around the world, which proves its reliability. The exchange promises to introduce more features and support for more cryptocurrencies in the future.  

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Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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