Bityard is a preeminent online cryptocurrency contract exchange. Crypto contracts are a trading tool that allows the investor to trade the crypto price movements with a set of predetermined price and date.
Traders often use contracts in dynamic markets that make crypto contracts a viable financial tool for traders who want to be exposed to the crypto market.
Bityard’s platform is easy to use, giving many novice traders access to the world of crypto contracts. The platform’s interface is very easy to use and concise, with easy to follow-order sections.
It is also appropriate to highlight the speed of purchase. Bityard has the fastest trade engine, with matching one million transactions every second. This is especially important in the changing world of crypto.
Founded in November 2019, Bityard is based in Singapore and, most importantly, is managed by:
- American Money Services Businesses. (Financial crime agency under the U.S. Treasury Department).
- Singaporean Accounting and Corporate Regulatory Authority (ACRA).
- Estonia’s MTR for the European Union.
- AUSTRAC of Australia.
Most regulated exchanges fall under one right. Bityard falls below 4, which is the almost unheard thing.
For traders looking for an easy to use contract exchange platform, this should bring great comfort.
- An easy-to-use and concise interface, with a simple set of input instructions.
- The fastest sales engine in the industry, which includes one million transactions every second.
- Sizeable leverage between 5x to 100x.
- It allows traders to invest in 7 common digital currency, which is higher than their peers.
- The tariffs are only 0.05%, and there is an opportunity to withdraw mining money to reduce it further.
- A demo account available to familiarize traders with the platform.
- No forced liquidation.
- Except for traders who wish to withdraw fiat money, there is no KYC, which offers traders anonymously.
- Bityard allows a maximum withdrawal amount of USDT100,000, which is much higher than its peers.
- For retailers looking for a wide range of real estate, Bityard offers ten asset options compared to 16 from our closest competitor.
- Unlike our competitors, Bityard supports fiat currency deposits and seven crypto deposit options. Its nearest rivals give 5.
- Global Presence, as shown by four different regulators, Bityard falls under and is accessible to more than 150 countries.
- Users can get started with Bityard by registering and opening a Bityard account in 30 seconds and start trading for as little as 5 USDT.
- Bityard supports trading of significant cryptos with OTC.
- Strong security emphasis including (See “Safety section” for details):
- Multiple Offline Signature.
- Cold Storage of Assets.
- Real-time Risk Assessment/audit
- Full Return Warranty.
Other positives include
- Research: Real-time.
- Free Coins: Promotional campaigns and related programs.
- Compatible: Mobile and iOS
- Risk Management: Stop-loss and take profits to gain.
- Traders are only allowed to withdraw USDT. This is true except for users based in Mainland China, Indonesia, and Vietnam.
- Bityard supports a limited number of coins, or supported coins are among the largest crypto markets at market price. And, while limited, Bityard offers more than its peers.
- Bityard is regulated and aligned with KYC and AML for traders who wish to withdraw fiat money, eliminating any anonymity option altogether.
Is Bityard Safe?
Bityard is one of the few trading partners to trade licenses in Syria, Estonia, Australia, and the USA. Since the launch of bityard in 2019, it has expanded its delivery to more than 150 countries and translated its website into eight languages: English, Russian, Simplified Chinese, Traditional Chinese, Vietnamese, Korea, Japan, and Indonesia (and Portugal) recently.
Regulation: Bityard is regulated and licensed under SRARA of Singapore, USAB US from the Financial Crimes Enforcing Network of the United States Department of Finance, MTR of Estonia, and AUSTRAC of Australia.
Wallet security: Bityard uses many cold offline wallets to protect users’ money from hackers. A small portion of “hot wallets” online should be used to pay withdrawals and withdraw money. Bityard also has a user safety menu to help users restore their accounts’ security with features like 2FA.
Bityard uses real-time risk analysis and risk management tools to monitor market exposure and the positions of each employee involved in trading cryptocurrency options and trading in the cryptocurrency margin.
With 24/7 online support and the above verification, Bityard seems safe, but we remind our users to be aware of the risks of using an online platform. Be sure to keep your digital assets like Bitcoin in a safe cold wallet.
How to get started with Bityard
To open a new account, go to the Bityard homepage and click “Get Started” at the top right of the site.
You are given the option to register by email or mobile. Choose the method you like and complete the required details.
Once you have entered your account email id and password, you will need to complete the jigsaw. Complete and go to your email address, get the verification code on the email address you just entered, enter the code, and then click “Register.”
You have now successfully opened your fresh Bityard account and are also eligible for the “sign up” bonus. Click “Receive a bonus” to receive your signature bonus.
There are a number of bonuses you can choose from, and these are divided into several categories:
When you click “Edit,” you are redirected to your “Security” page.
We recommend that you create any low-level password very convenient and use “pin” and “SMS authentication.” By binding, either your email or your mobile phone, you will receive 1 USDT. You will also receive 1 USDT for username set.
Please note that you have to set a PIN to be able to undo anything.
Once you have completed the additional security measures as quoted and described above, you can deposit and start trading.
You can find more information relating to rewards on the platform.
Deposits after Registration
To make your deposit, go to the “Assets” drop-down menu at the top left of your page and select “Deposit.”
Select the crypto wallet you wish to deposit from the menu on the left.
To make a deposit, use the wallet Q.R. code or copy the given deposit address and enter this into your existing crypto wallet. Entering the wrong wallet address will result in a loss of money.
Please note that there is a minimum amount deposit for each crypto. Any deposit attempts made at prices below the specified amounts will fail.
Also, you will see that you can withdraw from this page. As mentioned earlier, you will need to set a “Pin” before doing anything.
Once you have funded your Bityard account’s wallet, you are ready to trade. There are limitations, however, until the verification process is complete. Merchants abroad are allowed to withdraw fiat money, and you must complete the KYC verification process.
Deposit and withdrawal options
Bityard facilitates depositing and withdrawing in crypto.
For Bityard traders found in Mainland China, Indonesia, or Vietnam, Bityard also supports fixtures and withdrawals. Note that Bityard is looking to increase the number of countries that can deposit and withdraw fiat money.
Bityard sponsors the following cryptos:
Bitcoin (“BTC”), EOS (“EOS”), Ethereum (“ETH”), Huobi (“HT”), Ripple (“XRP”), Tether (“USDT”), and Tron (“TRX”).
Traders available outside of the three geographies allowed to deposit fiat money, you will need to purchase Bityard crypto supported to make a deposit.
Traders who already have Bityard-backed crypto can simply create a wallet transfer to another wallet. In the case of transferring pre-managed cryptocurrencies, select the appropriate crypto wallet listed on the “Wallets” page and click on the deposit option. For display purposes, we have selected EOS (“EOS”).
Go to the “My Assets” page under the Inheritance drop-down menu, find the EOS wallet, and click “Receive.”
We recommend that you check the Q.R. code, where possible, to transfer from your wallet to your Bityard wallet. Once you have issued the Q.R. code, enter the EOS wallet address you wish to transfer and complete the deposit.
There is also an option to copy the EOS wallet address to prevent typing. A transfer to the wrong wallet address will result in a loss of money.
Please note that there is a minimum deposit of 5 EOS, anything small, and the deposit will fail.
Bityard also requires a MEMO in addition to the address to deposit your EOS in Bityard successfully. You can copy and paste the MEMO from the EOS wallet, as shown above by the arrow. This is only required for the EOS deposit.
Minor investments in other cryptos supported by Bityard are as follows:
Ethereum: 0.05ETH. Users can only download Ethereum from the Ethereum network.
Huobi: 5 H.T. Users can only download Ethereum from the Ethereum network
RRle’s XRP: 100XRP. In addition to the address, users need to use the Tag provided for successful transfer.
TRON’s TRX: 500 TRX
Fiat cash deposit
Traders located in Mainland China, Indonesia, or Vietnam:
Select “My Assets” from the “Assets” drop-down menu and select the fiat currency you wish to deposit and follow the instructions.
If in doubt, please contact support before proceeding.
Ironically, traders and investors can issue USDT and deposit in private holdings associated with certain Tether holdings.
Bityard does not support the withdrawal of fiat money from the broader market or other cryptos supported by the trading platform.
To perform a crypto withdrawal, get a wallet where you wish to withdraw your cryptocurrencies. If you want to withdraw anything other than USDT, you will need to convert it before withdrawing.
For display purposes, go to the Ethereum wallet and click “Convert.” Enter the Ethereum number you wish to convert, then click “Convert.”
As shown below, you are also provided with the available ETH, and the “Change All” option. Bityard also gives you a measure of the apparent conversion between ETH and USDT.
Once you have converted your Ethereum into USDT, you can withdraw USDT from your fund that has already received USDT support.
Go to your USDT wallet and click “Send.” Select the chain name, the amount you wish to withdraw, your wallet address (in your control addresses), and enter your “Pin,” then click “Confirm.” See below:
Also, note that there is a withdrawal limit of 100,000USDT with a withdrawal fee corresponding to 2USDT. The minimum output is 50USDT.
An additional feature of the USDT wallet is that you can view your USDT withdrawal history. Scroll down to the bottom of the “Withdraw” page and click “Withdrawal History.”
Privacy and Security
Bityard Delivery provides an environment of a high level of protection for investors’ assets and the platform.
To upgrade your security settings, go to “Account Security” from the Account drop-down menu.
Pin: Bityard requires users to have a Pin set to withdraw from the Bityard exchange. Users need to enter the PIN every time they withdraw.
Email Verification: By setting up email verification, users must enter the verification code to withdraw, change passwords, and make changes to account security settings.
SMS Authentication: By setting up SMS authentication, users must enter verification code to withdraw, change passwords, and make any changes to account security settings.
Login Records: Users can review logins and tighten security settings and report any unauthorized access.
Withdrawal Address Management: Users can enter withdrawal addresses to facilitate the withdrawal of cryptos from the Bityard exchange. Select “View” in “Withdraw Address Management” and click “Add.”
Select Coin, enter the wallet address and address Tag and click “Confirm.”
Please make sure you enter the correct wallet address. Wrong entries will result in a loss of funds.
KYC Verification: In order to withdraw fiat money, users must complete KYC verification. Click “Enable KYC verification” at the top of your “Account Security” page and provide the required information and then click “Confirm.”
Bityard supports trading the following cryptos:
Bitcoin (“BTC”), DASH (“DASH”), EOS (“EOS”), Ethereum (“ETH”), Ethereum Classic (“ETC”), LINK ( “LINK”), Litecoin (“LTC), Ripple’s XRP (” XRP “), Tether (” USDT), and Tron (“TRX”).
Traders can find Bityard-supported cryptos on the “Trade” page.
Bityard offers a wide range of customer support options.
With the online support link, users can chat with the robot or request to chat directly with the operator, as shown below. Just click the “Support” icon to the left of your Bityard page.
Users have access to the FAQ and Help Centers and the Guide Guide and contract startup. This is available under the “More” drop-down menu above your Bityard interface.
Maximum Leverage limits are as follows:
BTC / USD: 5x to 100x.
BCH / USD: 5x to 50x.
DASH / USD: 5x to 50x.
EOS / USD: 5x to 50x.
ETC / USD: 5x to 50x.
ETH / USD: 5x to 80x.
LINK / USD: 5x to 50x.
LTC / USD: 5x to 50x.
TRX / USD: 5x to 50x.
XRP / USD: 5x to 50x.
ADA/USDT: 5x to 50x
BAT/USDT: 5x to 50x
KNC/USDT: 5x to 50x
XLM/USDT: 5x to 50x
XTZ/USDT: 5x to 50x
ZRX/USDT: 5x to 50x
|License||Securities Dealer License||Financial Services Commission||MTR||AUSTRAC,
(The mining reward can be deducted by another 10%)
|Supported deposit currency||Only 1
USDT, BTC, ETH,TRX, XRP, EOS, HT
|Minimum Margin||1 USDT||5 USDT||0.1 BTC / 1 ETH||5.00 USDT|
|No. Of Assets Options||8||4||2||16|
|Max. withdrawal||None||10 BTC||None with KYC||100,000USDT|
|KYC?||No||No||Withdrawals > 1BTC||No|
|Customer Support||Email, Telegram||Email, Online customer||Email, Telegram, Online customer|
|Brand Ambassadors||None||None||None||Buakaw Banchamek|