BitYard Exchange Review 2022- Leading Cryptocurrency Contracts Exchange
Established in 2019, BitYard is a Singapore-based crypto exchange company. It is a well-known crypto exchange in over 249 countries now.
BitYard is a centralized exchange known to trade crypto exchange, CFDs, and copy trading. Aimed to provide an easy-to-use interface and has a quick registration process.
This stands out to be a complete crypto exchange and supports fiat currency deposits. It offers various features like easy payments, spot trades, futures trade, copy trading, and various other programs. Thus making it a perfect platform to trade.
Let us look into what BitYard has to offer. Before trusting the exchange you need to know how secure the platform is, its terms and conditions, and much more.
Is BitYard Legit and Safe?
BitYard is surely one of the safe and secure trading platforms for users who are new to the crypto world. It does not add any comprehensive features thus making it a simple and easy-to-use interface.
Any user can trade futures contracts, spot trades, and CFDs for forex, indices, commodities, and cryptocurrencies.
Usually, exchanges have one or two regulations. BitYard has 4 licenses which make it one of the safest trading platforms for users. Following are BitYard regulations
- Australia’s AUSTRAC
- Singapore’s ACRA (Accounting and corporate regulatory authority)
- Estonia’s MTR
- USA’s Financial Crimes Enforcement Network( FinCEN).
Above mentioned regulators help BitYard to combat financial crimes and secure its users accounts.
BitYard Highlights – One Stop Trading Platform
- Spot Market: You are provided with two user platforms: classic and advanced trading interfaces.
You can trade the below-given options on the spot market.
- Market order- The trade is executed on the exact market price at the time of order placement. The trade is executed as quickly as possible on the current price of the market.
- Limit order- The order can be placed on the maximum or minimum price at which the trader wants to buy and sell. It sets a limit on the trade.
- Perpetual Futures (Inverse): Users need to trade currencies in terms of USD. To calculate profit and loss you need to do it in terms of base currency. Currently BitYard offers 4 pairs and they are: BTCUSD, ETHUSD, DOTUSD, and XRPUSD. Users use BTC to calculate margin and for settlement. These provide maximum leverage ranging from 50X to 100X.
- Lite trading (CFDs): BitYard allows traders to trade on the price movement on commodities and financial instruments. Commodities are rice, wheat, jawar, etc. Financial instruments are bonds, derivatives, stocks,etc. Trades predict future prices at a particular date and time.
- Copy Trade: This is considered to be one of the finest features of BitYard. You can pick any professional trade and copy their trading styles. You can see the information related to the risk capacity of traders, performance and ROI’s. BitYard immediately copies the trade of the trader you follow. You can watch and learn from pro traders.
- Deposits with Fiat: BitYard is among one of the crypto exchanges which receives deposits via fiat. At present it supports 59 fiat currencies and they include AUD, EUR, CAD, COP, etc. It also accepts deposits via BTC, ETH, USDT, XRP, TRX, HUOBI, EOS.
BitYard Fees 2022
BitYard’s Spot trading fee including futures and USDT contracts range from 0.1% to 0.3%. For conversion of cryptocurrencies, the transaction fee is charged anywhere from 0.1% to 0.15%.
For CFD, the fee is 0.075% to 0.05%.Users are also liable to pay overnight fees. This platform does not charge any fees for deposits but charges 2 USDT for withdrawals. There are specific discounts if the requirements are met by the traders.
You will get a full picture of BitYard trading fees on support.bityard.com
If you are not available on the desktop, then you can use the mobile app of BitYard. It has similar functionalities as that of the desktop version.
Users can trade anytime anywhere with this app. You can trade with just a few taps on the mobile app, thus giving the traders an easy-to-use interface.
It provides advanced trading charts and tools for mobile users. It gives users the facility where they can walk and trade.
How to Register on BitYard?
- Go to the homepage of bityard. Click on ‘Get started’.
- Select Email registration. Enter your Email ID
- Tap ‘send’. You will get a verification code via Email.
- Enter the code. Set a strong password.
- Type in invitation code(optional).
- Click ‘Get Started
For registration using mobile number
- Go to the dashboard of BitYard. Choose mobile verification.
- Select your country. Type in mobile number.
- Click ‘send’ to get the verification code.
- Fill in the code. Type in strong password.
- Type in invitation code(optional).
- Tap ‘confirm’.
How to Deposit funds on BitYard?
- Visit BitYard. Go to the ‘assets’ option on the right side of the page.
- Select ‘deposit’. Choose your desired token.
- Select USDT chain type (TRC20, BSC, ERC20)
- You can copy or scan the QR code to deposit.
For Deposite using banxa ( Fiat gateway)
- Click the fiat button on the deposit page
- Select ‘coin’ . Enter the amount.
- Choose service provider ‘Banxa’.
- Share your KYC details with Banxa. Click ‘Confirm’.
- Enter the verification code and other details.
- Fill in the payment method and complete your transaction.
How to copy trade on BitYard?
- Go to the homepage of BitYard. Select ‘copy trade’ From the top navigation bar .
- You will get a list of professional traders. Choose one trader .
- Click ‘Follow trade’. This will take you to the traders page.
- Select between fixed count or ratio.
- Choose the minimum amount and margin. Tap on ‘copy’.
BitYard supports its users via Email and Live chat. It provides 24/7 customer service where users can clarify their queries.
It is active on social media sites like youtube, telegram, facebook and twitter. If users have general issues regarding the platform and trades, they can visit the FAQ section where users can get their answers.
The customer support team of BitYard is steadfast and devoted to its users.
BitYard Attractive Affiliate Program
BitYard has an attractive affiliate program. Traders can use this program to get partnered with the exchange.
You can get a 40% commission on trading fees by referring this exchange to your friends and family. You can easily earn money by suggesting this platform to others.
Just share your referral link and convert your influence into commission.
There are multi-level commissions based on your referral levels.
You will get the following benefits if you use this program:
- 40% commission on all trading fees
- 1-on-1 assistance to expand your business
- Real time data updates.
- Multi-dimensional reports with detailed information.
BitYard is one of the popular trading exchanges in terms of spot and futures trading. Furthermore, it also offers CFD trading.
According to the research done for this article, we did not find any data breach activities on this platform. It is safe, secure, and has a straightforward trading platform.
It is friendly for new beginners as it provides a copy trading facility, where you learn and expand your knowledge of the crypto world.
Users Trade without worries as it is administered by 4 licenses.
The safety, future trading, and its global presence in over 150 countries make it one of the prime choices of traders.