Contracts Trading. Futures Contract. Leveraged Trading. Derivatives Trading.
Intimidating, right? A lot of investors veer away from contract trading. There exists a notion that this kind trading requires a high level of entry when it comes to expertise and experience. While many platforms offering futures contract exist, none has strived to simplify and to streamline the processes to make it more accessible even to average traders.
Bityard was founded for this very reason, to simplify the trading of complex contracts and to break the barriers that have pushed away many investors.
Understanding Contracts Trading
Contracts trading are instruments that allow investors to trade on the price movement of assets, which could either be commodities such as oil, rice and wheat or financial instruments such as stocks and cryptocurrencies, at a predetermined future date and price.
For example, the parties to a contract may speculate on the price movement of Bitcoin. One asserts that its price will go up a week from now while the other believes that the price will go down. The parties may then agree to pay whoever will be right the exact amount that was gained or lost by Bitcoin.
The parties in contracts trading do not necessarily need to own a Bitcoin. There is also no need for them to buy one. The object of the contract is their respective projections. In this process, Bityard does the settlement work to ensure the enforcement and compliance of both parties on the contract that they have agreed upon.
Simplifying Contracts Trading
It is entrenched on the philosophy of Bityard that contracts trading, although complex should be streamlined and be made less intimidating. By simplifying contracts trading, it aims to give the best trading experience and build lasting relationships with its users based on trust.
Founded in November 2019, Bityard is one of the world’s leading cryptocurrency contract trading platforms. It is based on Singapore, one of the safest financial jurisdictions, and is currently serving customers in more than 150 countries with safe, easy and fast digital asset trading services.
Bityard provides a range of tools to support traders, whether they are experts or just starting to learn the basics of trading. Its users can choose to trade on the mobile application which is sufficient and user-friendly or the web trader which is suitable for those who prefer better control and functionality.
The Bityard Advantage
Bityard does not only streamline but also breaks the barriers to make contracts trading more accessible to wider users.
Signing up with Bityard is the most convenient and does not take more than two or three minutes. Users can choose to deposit from seven digital assets, namely, Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Tether (USDT), Tron (TRX), Chainlink (LINK). This is more than the options currently being offered by other contracts trading platform. Users can also choose OTC deposit for fiat deposits.
Unlike other contracts trading platforms which require a massive capital, users can open trade from as low as 5 USDT for every order. This greatly helps new traders in minimizing the risks while gradually increasing their investments as they familiarize and learn in the process. On the other hand, experienced traders can open a trade up to as high as 20,000 USDT.
Bityard also has competitive fees which have been adjusted from 0.075 percent to 0.05 percent. While other platforms charge their users exorbitant fees whenever they open and close a position, Bityard pre-deducts its opening and closing fee of 0.05 percent only when opening a position and does not charge when closing a position.
With its native token, Bityard coin (BYD), users can save from trading fees and get excess income from listings. Users can acquire BYD the moment they register on the platform and whenever they make a trade. Bityard has also a long term plan of giving its users more ways to save and earn from its token as well as listing it on mainstream exchanges.
As to the prices, Bityard does not add its own platform spreads and slippages. It uses a K-line weighted average from three major crypto exchanges, namely, OKEx (40 percent), BINANCE (30 percent) and Huobi (30 percent). By using this method, users are ensured that they are getting the fairest and most accurate cryptocurrency prices at all times.
Traders could leverage anywhere from 5x to 100x, giving more control and potential to multiply their profits. At the same time, Bityard is transparent in constantly reminding its users that although trading offers higher rewards, it also carries more risks. In addition, Bityard has 24 hours of liquidity, enabling users to place orders at any time.
Moreover, Bityard has the fastest trading engine which could match one million transactions per second while offering peace of mind to its users with its best-in-class security. Recently, it has also launched its copy trading feature where users who do not have the time to keep eye on the crypto market can copy top-performing traders without any extra trading fee.
With all of these advantages and benefits, one of the first questions that users raise is ‘where does Bityard income comes from?’
Bityard generates its income primarily through the commissions that its users pay and secondarily with other overnight fees. It reserves certain percentage of its daily profit to ensure that its users are able to realize their profits even during extreme market conditions.
By building lasting relationships based on trust, Bityard ensures the sustainability not only of its business and platform but also the protection of its users.
Cryptocurrency trading is not a get-rich-quick scheme or a risk-free investment. While it offers a great opportunity for many to improve their lives and participate in perhaps what most considers as the greatest wealth redistribution of our generation, utmost diligence on the part of every user is a must.
Similar to other investments, thorough research, market knowledge and human behavior are equally necessary to succeed. But this alone could crumble if users could not familiarize the platform that they are using. One wrong click of a button could swiftly result in mega losses. The same is true the other way around; a clean and easy-to-use trading platform could greatly help users amass massive profits.
With Bityard, users can easily hedge market risks with only a small amount of capital and without the need to purchase and secure the actual trading asset. Whether the market is in bull or bear, Bityard allow users to profit by helping them multiply their potential profits through using higher leverages.
I just signed up and placed my first order. How about you?
References
1. Bityard Introduction, https://support.bityard.com/hc/en-us/articles/360040014091-Bityard-Introduction;
2. Unique Advantages of Bityard, https://support.bityard.com/hc/en-us/articles/360038494871-Unique-advantages-of-Bityard;
3. How does Bityard Make Money, https://support.bityard.com/hc/en-us/articles/360040222591-How-does-Bityard-make-money;
4. Where does Bityard Income Come From?, https://support.bityard.com/hc/en-us/articles/360039811052-Where-does-Bityard-income-come-from;
5. Does Bityard Aim to Profit from Client Losses, https://support.bityard.com/hc/en-us/articles/360039811072-Does-Bityard-aim-to-profit-from-client-losses.
