The cryptocurrency market is currently developing strongly, along with the appearance of many exchanges with many forms of exchange such as derivatives, leverage ... This makes investors I am confused when I have to choose a platform to invest in. Among these, Bityard floor is a new name that has appeared but has attracted a lot of attention. In this article, KTS Group will evaluate the functionality and reliability of the Bityard exchange to provide more information to investors.
The article is divided into 2 parts:
Part 1: Detailed review of Bityard floor
Part 2: Summarize and evaluate the pros and cons of Bityard floor
Part 1: Detailed evaluation of Bityard floor
1. Bityard floor introduction
Bityard is a cryptocurrency contract exchange operated by a Singapore-based fund. Currently, the floor is present in more than 150 countries. Bityard's criterion is "complex contracts, simple transactions", with the goal of making user transactions as simple as possible.
In addition, Bityard has just invited the famous puncher Buakaw to become the representative face, showing his strong financial potential.
2. Bityard floor interface
The first impression is the intuitive interface, easy to follow and easy to use right from the step of account registration.
To start trading you just need to follow the following 4 steps:
- Visit here to https://www.bityard.com/trade/register
- Sign up for an account
- Recharge
- Start trading
- Trade interface has full features similar to Trading View. Trading View users need to pay to use it, but Bityard is offering it completely free. You can choose to view different types of chart and time as shown below.
- The information is scientifically arranged and easy to observe. Optimized for Margin form
- A new thing is that Bityard provides a Demo section for users to try out trading, and can switch to a real account with just 1 click.
In addition, Bityard also has a very convenient mobile app for transactions.
3. Rate the fees on the Bityard exchange
Currently, Bityard only charges 1 fee for margin trading: Margin x (Leverage -1) x 0.15%.
This is arguably one of the simplest and most low-cost images of any platform today. Even lower than big platforms like Binance, Huobi, ...
Users also have a variety of top up options such as wallet transfer, OTC cash, or credit card.
In the near future, Bityard will launch an exchange coin, if holding a floor coin (BYD), users will receive a discount on transaction fees and receive income through coin listings.
4. Transaction price on Bityard floor
The transaction price at Bityard is calculated according to the K-Line model with data from 3 major exchanges, BINANCE (30%), OKEx (40%) and Huobi (30%) to give an accurate and fair general price. Best.
5. Evaluation of trading pairs on Bityard
Users can buy and sell cryptocurrencies (through USDT) through margin and leverage from 20X to 100X.
Users can exchange most of the major cryptocurrencies on the market today including:
Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
Ripple (XRP)
Bitcoin Cash (BCH)
Ethereum Classic (ETC)
EOS
Tron
Dash
With margin contract exchange, you can reduce the risk when you only need a small amount of capital and don't have to actually spend money on crypto. Contract exchange allows users to profit whether the market is up or down, while also increasing profits through high leverage.
In terms of diversity, Bityard may not be as good as the big ones. But in terms of liquidity, it is completely reassuring, especially easy for newcomers to get acquainted with.
6. Bityard Customer Service Review
- Fast response speed.
- The system is thriving, you just need to send mail to be supported very quickly.
7. System of referral commissions
To expand and engage users, Bityard created a program to assist users to invite more friends to join. Bityard will provide advertising materials, communication channels, strategic advice ...
The commission system is decentralized with the highest rate up to 60%.
Summary of reviews of the pros and cons of Bityard floor
Advantages of Bityard flooring
There is only one transaction fee and it's also very low.
- Low minimum transaction amount. You only need 5 USDT to start trading.
- High leverage. Between 20x and 100x. Margin can be highly profitable.
- Fair and transparent transaction prices. Synthesized from 3 major exchanges are Binance, OKEx and Huobi.
- Attractive commission mechanism.
Disadvantages of Bityard floor
- There is only one transaction form is Margin
- Anonymous development team
- There is no feature of direct withdrawal to the bank account.
Link to register to create a free Bityard investment account HERE. Experience the new exchange's features.
Thank you for reading!
I will update how to withdraw and deposit funds to you in the following articles.
