Undoubtedly, the coronavirus pandemic has amplified the importance of cryptocurrencies. Since the start of 2020, the prices of Bitcoin and major digital assets have reached record highs, attracting retail traders, institutions, governments and public companies. Currently, for example, NASDAQ-listed MicroStrategy is the largest BTC whale. At the same time, El Salvador is the first country to make Bitcoin legal tender.
Ramps and trusted exchanges like BitYard have become essential enablers, catering to the diverse needs of traders.
BitYard Services: a cash market with support for Fiat deposits
BitYard is a multi-agency regulated cryptocurrency exchange established in 2019. The ramp supports various aspects of crypto trading, including crypto market spot trading. Major cryptocurrencies supported include Bitcoin, Ethereum, Litecoin and more than ten other digital assets, mostly in the top 100 of the crypto ranking. This meets the needs of newbie traders who want to trade liquid cryptocurrencies and hold them through exchange wallets.
BitYard is headquartered in Singapore, an area with relatively mature crypto and blockchain laws. Singapore is already home to major cryptocurrency exchanges migrating from China. Therefore, that BitYard is located in Singapore is a massive vote of confidence, eliminating any shadow of doubt.
Beyond the geographical aspects, BitYard is also regulated and holds four licenses guiding its operations. BitYard is compliant with the Financial Regulatory Authority (MTR) of Estonia, the Money Services Business (MSB) of the United States, the Transaction Reporting and Analysis Center (AUSTRAC) of Australia and finally, the Business Administration of Singapore of Singapore.
BitYard’s decision to adhere to and comply with the crypto guidelines laid out in some of the world’s leading crypto hubs is a net positive for its traders and, by extension, the exchange. BitYard can quickly release products in compliance with the law, as directed by regulators, and offer them with confidence to its global customers.
At the same time, they support depositing and withdrawing fiat currencies through BANXA, unlike some crypto exchanges which cannot tie their ramps to users’ bank accounts due to regulatory hurdles. As a selection criterion, traders should avoid custodial cryptocurrency exchanges that circumvent established laws despite holding user funds, as this is a red flag.
Inverse Perpetual Futures and Lite CFD Trading
In addition to supporting the purchase of supported cryptocurrencies, BitYard also supports derivatives trading and has enabled copy trading.
On the table are various derivative products including Lite Trading or Contract for Differences (CFD) for intermediate and experienced traders where they list various instruments including indices, Forex-majors and exotic pairs, precious metals like gold and commodities like oil and natural gas. In the medium term, they indicated plans to support the reverse perpetual futures trade.
These products offer more flexibility to traders, allowing them to profit even more from market volatility. The exchange plans to support the grid trading system and launch perpetual crypto trading services for its global customer base in the coming days.
With a global outlook, BitYard is multilingual and supports multiple languages including English, Russian, Chinese, Japanese, etc.
BitYard also runs an affiliate program. Moreover, they have so far partnered with top crypto players such as Paxful, Banxa, Transak, and Revain to onboard more people into the rapidly growing cryptocurrency space.
BitYard fees and attractive affiliate program
BitYard stands out for its low fees of 0.05% per transaction with no slippage, recoupment or commissions. This is extremely low compared to other crypto-to-crypto exchanges like Binance which, on average, charges 0.10% per spot transaction.
At the same time, BitYard has a quick and easy registration process, high leverage of up to 100X in Lite Trading, and even lower entry barriers for beginner traders from $5 . Enhancing the customer experience, BitYard also has a live customer support system, a global presence attracting over 100,000 traders from over 150 countries, and is secure.
For its product offerings, regulations, and easy-to-use interface, BitYard continues to gain market share, becoming a key player in cryptocurrency trading. As part of their development roadmap, they plan to offer even more services like a grid trading system, add more coins/tokens, introduce a reverse perpetual trading program, and support charge more fiat currencies. Currently, BitYard supports more than ten digital assets and even more traditional commodities and Forex trading instruments through its CFD program. The BitYard trading app is also accessible from mobile and desktop.
BitYard is a sufficiently regulated global spot and derivatives cryptocurrency exchange. With a solid foundation, it is flexible, offering a range of on-demand products while simultaneously allowing trading at low fees, and accepts deposits via traditional methods such as debit cards. BitYard’s user interface is also easy to use, multilingual and has a reliable customer support system, which sets it apart from its competitors.
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