Bityard is a cryptocurrency exchange that aims at providing advanced and complex contracts to crypto traders using a very simple interface that would make it easier for newcomers to start investing in digital assets. This is going to be one of the best platforms for new individuals to start handling digital assets over time.
In this guide, we will be sharing with you which are the main features of this exchange and how you can start enjoying simple and clear trading in the crypto market. It is worth pointing out that this is not a spot exchange but a trading platform that handles crypto contracts. This provides great exposure to the crypto market for both advanced and newcomers to the crypto world.
What is Bityard?
As we have mentioned before, Bityard is a cryptocurrency exchange that is currently offering trading solutions for new users in the crypto market. While there are several exchanges in the space that are already offering crypto trading services, Bityard focuses on simplicity.
One of the exchanges that are currently offering solutions to traders is BitMex. Nonetheless, this platform is complex and it includes things that newcomers do not need to exchange digital assets. This is why Bityard is taking the lead in this segment offering simple and clear trading solutions to users.
Bityard’s Simple Interface
Bityard has a very clear, clean and simple user interface that will be making the whole trading experience much easier for users that are trading cryptocurrencies for the first time. Moreover, advanced traders can also enjoy the solutions the exchange offers related to simplicity and clarity.
As you can see in the image below, Bityard is offering crypto-related contracts in the market without the complex and confusing interface that other platforms and exchanges such as BITMEX can have.
The exchange has been built from scratch up in order to focus on offering users clear and simple solutions to handle digital assets and contracts. In this process, Bityard developers were able to eliminate complex and confusing processes and create a simple and clear interface for users.
The interface is certainly simple. Users will not have any issues to understand how crypto contracts work and how they can use them to get exposure to the crypto market. While other platforms make it very confusing and add many tools that are not necessary for casual traders, Bityard has focused in order to make it super easy, super fast and super clear for traders to understand how to handle all the tools in the platform.
Regulatory Issues
The cryptocurrency market has been evolving over the last years as new companies started offering products and solutions to users. However, countries had to also create better regulatory frameworks and adapt their financial rules in order to include the growing crypto market.
This is why exchanges and other trading services providers have to be properly registered with local authorities in order to operate in some jurisdictions. Platforms are working very hard so as to be compliant with all the requirements created by regulators and financial organizations.
Bityard, like any other exchange, is not an exception. This is why the team behind the platform has been working in order to get licensed under the Singapore ACRA, the United States MSB from Financial Crimes Enforcement Network, the Estonian MTR and the Australian AUSTRAC. This shows Bityard has been working side by side with regulators in order to be compliant with all the requirements and needs.
Take into consideration that things are changing all over the world on a regular basis. This is why the exchange will have to prove that it is able to adapt to new challenges and handle all the necessary issues that may arise in the future. The more the exchange shows it is prepared to handle these regulatory issues, the better it will be for it to gain its place in this competitive industry.
Marketing and Recognition
Bityard is recognized for being a simple cryptocurrency exchange compared to other competitors that are quite complicated to understand or use for novice traders. Moreover, the exchange is expanding thanks to the help of its brand ambassador Buakaw Banchamek, Thai boxing champion and one of the best boxers in the world.
Buakaw has been working in order to spread the word about the platform and to help new users have better services when trading crypto-related contracts and virtual currencies. Other platforms and exchanges do not have brand ambassadors, which shows that Bityard is at the forefront in terms of marketing as well.
This is going to be very important because this would help the exchange reach a larger number of users that other platforms cannot reach. Welcoming new individuals and traders to the crypto market is also going to be certainly positive for the entire ecosystem.
Now it is time for Bityard to become a recognized platform. It may take some time before it achieves its goal and before it gets some users trading on a daily basis the contracts they are offering. However, they have a great advantage: a great ambassador such as Buakaw Banchamek and a platform with very simple solutions and systems.
Deposits and Withdrawals
It is clear that to start trading and handling digital currencies is necessary to deposit funds into the platform. This is why Bityard has been thinking of a way in order to make it very easy and straightforward for users to place their funds on the platform.
At the moment, the platform is accepting Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Tether (USDT), Tronix (TRX), Huobi Token (HT) and Link (LINK) as deposits to start trading. In addition to it, larger traders can start using the OTC services offered by the platform that would make it very easy for larger market participants to get access to the virtual currency market.
In addition to it, users can start depositing fiat currencies and use them in order to trade in the cryptocurrency market. This is an option that is not available in other competitors and that would certainly be considered to be a plus for Bityard.
BYD Token and Partners
Users can also have the possibility to get BYD tokens, a token that was created for the Bityard platform and to use it on it. There are 210 million coins that are going to be issued and that will be eventually traded.
Nowadays, users can receive BYD tokens for getting your account activated and even registering on the platform. Moreover, users will get rewarded with the BYD token when they use this exchange rather than others. This is a great incentive to attract users, traders and to help them trade in a more efficient way.
Indeed, users will be able to simply pay for trading fees using the BYD token and receive a discount on the trading fees. This is going to make trading activities more efficient and profitable in the long run. This is going to be very useful for those traders that handle large amounts of money and that want to be ahead of competitors.
It is worth taking into consideration that the gift money cannot be withdrawn or exchanged for other coins in the platform. Furthermore, it cannot also be used to pay for withdrawal fees.
Bityard’s simple exchange is also rewarding users that expand the knowledge about this crypto trading platform. Indeed, users will be able to get rewarded for referring users and other traders. This is going to help you get up to 60% of commissions on all the trading fees of the users that you promoted.
You can also get more from your referrals if you become a KOL user. When you surpass the 100 referrals, users will then have the possibility to get even higher rewards. In order to do so, individuals will have to fill an application with the platform.
There are different levels of referrals, those that get a lower amount of rewards 5% and expiration date in just 6 months, and other users that will receive 60% from referrals that will never expire. The more users you welcome, the easier it will be for you to get to the top of the exchange and get the most out of the fees paid by your referrals.
Conclusion
Bityard is one of the simplest exchanges in the market for users to get the most out of their crypto trading activities. This is going to be a great exchange for individuals that want to trade in the crypto market and do not know how to do so.
The simple and fast user interface created by Bityard will make it certainly intuitive and easy to use for everyone that starts in the digital asset world. Moreover, the more you invite other users, the easier it will be for you to get commissions from your referrals. Basically, Bityard has developed an easy to use, fast and reliable exchange for newcomers to the crypto market and that want to handle crypto contracts.
