Getting started in the cryptocurrency space can be overwhelming for some, however, it’s a unique opportunity to get started in something that will undoubtedly be the start of new opportunities in the finance world and the investment space going forward. That’s where Bityard is looking to start. It’s one of the ways that you can get involved in cryptocurrency and still get in on the ground floor of a system that will change the way that we understand and use finance as our society progresses.
What is Bityard?
Bityard began as a crypto contract trading service, however, it has become apparent that even more is needed for this system to be truly as useful as possible. That’s where the company started looking at the benefits of DeFi and the growing popularity thereof. It became apparent from there that something new was needed. In this case, crypto spot trading. Bityard decided to change up what they had on offer and to work with another company, Binance, to create the crypto spot trading platform that the traders needed. And that’s where they are now.
They started with a focus on making the process of cryptocurrency as simple as possible for any user. And this is continued throughout their new features as well. Overall, the system is designed to be interactive and as beneficial to all involved as possible. Bityard is, after all, one of the world’s top crypto exchanges that offer digital trading for more than 150 different countries. They are licensed by four different national institutions for their financial compliance, including the Business Administration of Singapore, the United States Financial Supervisory Authority, the Australian Transaction Reporting, and Analysis Center, and the Estonian Financial Regulatory Authority.
What’s Being Offered
Together, Bityard and Binance are offering their crypto spot trading service through over 30 different currencies. These include some of the most popular options such as Bitcoin and Uniswap to provide users with the best possible offerings and to ensure a comprehensive system. After all, there are many people using different types of cryptocurrency around the world and Bityard determined that it was best to offer their service to as many as possible. The result is a comprehensive digital trading option for use throughout the world. Those who use different types of cryptocurrencies anywhere are able to get started.
Of course, we’ll talk about the copy trading process in a moment, but that’s not all that Bityard has to offer. They also offer multinational licenses, which lets you know that they are certified and providing levels of security and transparency that are backed by organizations around the world. These include the United States, Singapore, Australia, and Estonia. All of this can make you feel more comfortable investing and working with the company for your own trades. These licenses are not necessarily required for cryptocurrency exchanges and platforms, but they are most definitely a reassurance of quality.
Several different languages are also supported by the platform, which means that you can use it if your native language is English, but also if you are more comfortable with simplified or traditional Chinese, Russian, Vietnamese, Japanese, Korean or Indonesian. This makes it even easier for users from different parts of the world to utilize the platform and to understand all of the different features and functions. In any language you can also get your account set up in only a few minutes, so you can be ready to initiate your first trades as soon as possible.
Getting started is simple, with low trading fees and entry levels that make it easy for those who are just getting into the cryptocurrency space. It’s user friendly and the interface is designed to be as simple as possible, making it easy to input commands. But that’s not all because it also offers mining fee deductions to help cut down on the already low 0.05% transaction fees. This can make it, even more, cost-efficient for those who want to get started with a new platform. And there’s plenty of deposit options to help you get your first trade going as well.
Bityard offers deposits in fiat currency, which is not as common as you might think with many cryptocurrency platforms. It also offers seven different cryptocurrency deposit options. This is more than the average, which other platforms offer. In fact, most other platforms offer a maximum of five different deposit currencies. What this means is you’ll have a much easier time getting the current currency that you have put into the platform so that you can start trading right away. While these are all more mainstream currencies, it’s still a benefit over what you’ll find in most areas.
Security features are another important aspect and there are plenty available with Bityard. For example, you can set up two-factor authentication as well as multiple offline signatures. Not only that but you’ll be able to use cold storage for your assets, which makes them less susceptible to hackers and those who are definitely not acting in your best interests. It uses real-time risk audits and there’s even a full refund warranty and stop-loss and take profit compatibilities. All of these things protect your assets and your account as well as protecting you and your investments while you’re getting started.
What is Copy Trading?
So, just what is Bityard offering in the way of copy trading? And what is copy trading in general? Well, copy trading means that you can locate an experienced trader that matches your trading style or risk level and you can choose to set a system to copy their trades. This makes it easier for those who have absolutely no crypto experience to start making trades and start earning some return on their investment. It also makes it easier for them to learn more about what’s happening in the market and to get more comfortable making their own investments.
With Bityard you can choose from several of the top investors on the platform. Then, you can copy their trades to make sure you’re getting a return. Even better for them, the traders who are being copied will get additional revenue if they make good trades and others are copying them. This incentivizes them to offer their profile to be copied and also incentivizes them to make good trades. Not to mention more beginning users are able to get a good start on their trading process and to earn even more as they’re still getting the hang of things.
At this point, Bityard is only offering the copy strategy and making it more beneficial for all of those involved, but they plan to continue advancing the system even further. In fact, they plan to create a social networking function that will allow copiers and traders to better communicate and interact. Though this is not currently in position, the future means that it could make the interaction between these two types of investors even more positive and help to foster even more users on the platform. This would occur as new users are able to get support and advice from more advanced users.
If you’re ready to get started with Bityard for yourself you can do it quite easily. All you have to do is register for an account. You can do that by going directly to the website and clicking to get started. You’ll get the option to register one of two ways, either by email or by your mobile device. From there, you just fill in the required information and get your verification code. Once you get the verification code you’ll be able to register. That’s all there is to it. You’re already signed up and you can actually get a bonus, which is offered in a number of different ways.
At this point, you’re also able to deposit money using whatever current system you have. You get to check out the different crypto wallets available on the platform and send your money to the correct one. You can do that with the deposit address or you can do it with the wallet QR code, just make sure that you’re double-checking any information that you put in so you don’t accidentally lose your coins by sending them to the wrong place. There’s no way that you can get them back once you do.
Once your money is deposited you’re ready to start making some trades or executing transactions. Or even copying one of the more advanced traders. All of the information you need about this process is available on the platform. In fact, you might be surprised at just how simple the entire process is and what it takes to get you from a total beginner to feeling more confident. Before you know it you might be checking out how to be a trader that gets copied rather than being the one who is doing the copying.
With Bityard you’re going to have a number of advanced features and you’re going to have a number of benefits, including the security features. You will have to consider the fact that the regulations mean there is less anonymity and the withdrawal method may not be ideal, but the copy features, as well as all of the other options you’re going to get, can counter most of that. All you have to do is create an account of your own and you’ll be able to start getting into the cryptocurrency world before you know it.
Understanding Bityard: Everything You Need to Know was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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