With the growing popularity of cryptocurrencies, there has also been an increase in the number of crypto exchanges and platforms in the space. Although the space can be complex and difficult to navigate for new users and novice traders, the task of choosing the right exchange can seem daunting.
BitYard is a cryptocurrency exchange that aims to provide newbie traders with a safe space to trade and explore the crypto sphere. The platform offers many advantages to its users and intends to simplify their trading experience through its tools and services.
What is BitYard?
BitYard is a one-stop crypto exchange that was founded in 2019 and is headquartered in Singapore. The platform offers traders and users a trading solution through Spot, Contracts for Differences (CFD), reverse perpetual contract and copy trading services.
The platform features over 100 coins, including Bitcoin, Litecoin, Ethereum, and Dogecoin and Forex trading pairs such as AUDUSD, USDCAD, EURUSD, GBPUSD, USDJPY, USDCHF, and NZDUSD.
BitYard is regulated by American Money Services Business, the Estonian Financial Regulatory Authority, the Australian Center for Transaction Reporting and Analysis, and the Singapore Commerce Authority, which makes it safe for its users. By holding various licenses in all jurisdictions, BitYard offers a guarantee to its users.
Some of the main features offered by the BitYard platform include:
- BitYard offers traders a full money-back guarantee along with cold storage facilities for crypto assets.
- The platform offers users a maximum withdrawal limit of 100,000 USDT. It also offers 7 deposit options other than contract exchange.
- Along with cold storage wallets, double authentication and engine and system security protocols also help users achieve a high level of protection.
- With the BitYard demo account, novice traders learn to understand and familiarize themselves with the space before trading live.
- The platform offers high leverage with a minimum investment of just $2.
- BitYard also offers 7/24 customer support via live chat, message and email to help traders with any issues or problems they have.
Mystery box challenge and easy registration
Opening an account with BitYard is easy and takes no time at all. The platform offers a mystery box challenge in one place that allows users who buy or sell on the spot market to have a chance to win BTC, ETH, DOGE, SHIB, NFT and other prizes. Joining the challenge is easy as users only need to create their BitYard trading account and deposit crypto or fiat to trade in the spot market. They can then enjoy their rewards by heading to the mystery box section.
BitYard has over 300 spot trading pairs in USDC, USDT, BUSD, EUR, and GBP, making it easy for traders to get the mystery box regardless of trading volume or number of trades.
Contract and cash negotiation
On BitYard, traders can access crypto-USDT pairs such as Atomic (ATOM), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA), Chainlink (LINK) , EOS (EOS), Tron (TRX), Polkadot (DOT), Ripple (XRP) and Uniswap (UNI). Users can also purchase coins such as Shiba Inu, Floki, Looks, and BabyDoge on the platform.
The platform also has over 400 crypto-USDT pairs available for spot trading. Traders also have access to the order book and recent trades on the spot trading platform. For spot trading pairs, a 0.1% fee is charged to both makers and takers.
Fiat deposits and inverse contracts
BitYard has partnered with Banxa to make it easy for users to buy cryptocurrencies through their credit cards and local payment methods like cash deposits and bank transfers. Banxa is a payment platform for the digital asset industry that works to create a fairer financial system in the world.
Inverse contracts use cryptocurrencies such as BTC or ETH as the base currency to calculate margin, profit and loss. On BitYard, reverse perpetual contracts are quoted in USD but settlement occurs in the chosen base cryptocurrency. This feature is designed to give users the ability to easily trade with as little as 1 USD.
BitYard’s affiliate program helps users earn up to 40% commissions on trading fees generated by other traders they refer. The referral program process is simple and easy to follow.
Users just need to share their referral link through social media, and then they can monitor stats from their referral link and commission records through affiliate influencer records. They also have the chance to become an elite member if their performance is outstanding.
BitYard has established itself as a popular cryptocurrency and contracts platform since its inception.
The exchange offers an easy to use and minimalist user interface which can be useful for users who are new to the space and are overwhelmed by a complex trading and exchange interface. BitYard adheres to several regulations and also has a mandatory KYC process for deposits, which makes it safe and secure for traders.
For more information on BitYard, please see their official site.
Disclaimer: This is a paid publication and should not be considered news or advice.