Bityard Crypto Contract exchange platform

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Bityard is the world's leading cryptocurrency contract exchange platform.Headquartered in Singapore, it provides customers in more than 150 countries with safe, easy and fast digital asset trading services. Bityard adheres to the business philosophy of "complex contracts simple transactions", and aims to bring customers the most simple experience.

The Product

Traders are able to buy or sell crypto contracts (using USDT) on margins and leverage.
The main trading pair is USDT and users are able to trade on a number of major cryptocurrencies, such as:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Ripple (XRP)
• Bitcoin Cash (BCH)
• Ethereum Classic (ETC)
• EOS
• TRON
• DASH
• LINK

With Bityard contract trading, you can easily hedge market risks with only a small amount of capital and without needing to purchase the actual trading asset. Contract trading allows users to profit from both bear and bull markets, while multiplying potential profits through using higher leverages.

The Advantage

1. Low entry. Users can open a trade from as low as 5 USDT (up to as high as 20,000 USDT)
2. Competitive fees. Trading fee has been adjusted from 0.075% to 0.05%, Bityard will pre-deduct the opening and closing fee [0.05%] when opening a position, and will not be charged when closing a position.
3. High leverage. Leverage anywhere from 5x to 100x. Margin trading carries more risk but also higher rewards.
4. Fair and transparent prices. Bityard uses a K-line weighted average that pulls data from 3 major crypto exchanges which are Binance（30%） & OKEx（40%） & Huobi（30%） to display the fairest and most accurate cryptocurrency prices.
5. Bityard coin BYD. Get BYD through register and trade, you can deduct trading fees, or get excess income from listing.
6. OTC Deposit. Enjoy your trade without cryptocurrencies,OTC deposit helps you with fait deposit.

How to Trade on Bityard

Bityard users can choose to trade on the app (Android or Apple) or the web trader (www.bityard.com) To start trading on Bityard, you will need to:

1. Download the app
2. Register for a new account
3. Place a deposit
4. Open a trade

For users who prefer trading while traveling or commuting, the app is sufficient and easy-to-use. For users who prefer better control and functionality, the web trader will be an ideal choice. It features an industrial grade charts, a full range of TA tools, and modular viewing panels that allow users to shift layouts to their preference - including choosing between light or dark themes. The user-friendly toolbars on the web trader also allow users to quickly gain access to available trading pairs on the platform.

Read More: 1. HOW BITYARD WORKS
                  2. BITYARD COMPLETE GUIDE

Ccto: Bityard

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Unique advantages of Bityard

The cryptocurrency trading market is far more matured compared to the pre-2017 bull market. There are many services that offer cryptocurrency margin trading, spot trading, and contract trading. Although the general service offered are similar, there are few yet crucial differences between these services.

This article is meant to help you understand Bityard better in the context of other cryptocurrency trading platforms - and how you can benefit by choosing to trade on Bityard.

Key Differences in Bityard

1. Tether (USDT) as the base currency.
2. Bityard coin BYD. Get BYD through register and trade, you can deduct trading fees, or get excess income from listing.
3. OTC Deposit. Enjoy your trade without cryptocurrencies,OTC deposit helps you with fait deposit.
4. Bityard uses a K-line weighted average that pulls data from 3 major crypto exchanges which are Binance（30%） & OKEx（40%） & Huobi（30%） to display the fairest and most accurate cryptocurrency prices.
5. Leverage anywhere from 5x to 200x. Margin trading carries more risk but also higher rewards.
6. Zero spread,No slippage cost and no clawback.
7. Unique "close all" function.

Source:  Bityard

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How does Bityard make money?

We make our money primarily through our commissions, with other overnight fees making up a small proportion of our revenue. We aim to build lasting relationships with our clients, and provide a range of tools to support their trading.

1. We want our clients to trade profitably

2. We make most of our money from the commissions that clients pay to trade with us

3. We hedge only when overall client exposure is skewed in one direction

4. We always reserve certain percentage of our daily profit to make sure that clients are able to realize their profits even during extreme market conditions, We’ve invested heavily in tools to help our clients trade profitably

5. We aim to build long-lasting relationships with our clients based on trust

6. We never add spread to profit from clients’ transactions activity

Bityard

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Does Bityard aim to profit from client losses?

Bityard refuse to profit from client losses!

Our business model is based on providing individuals with the opportunity to trade in the cryptocurrency markets, in exchange for fair and proportionate commissions. It is a well-known fact that trading successfully is difficult, and most speculative traders tend to lose. However, we do not typically benefit from trading losses that an unsuccessful client may experience.

Under most circumstances, our clients’ position’’ offset with each other. For example, if client A longs one Bitcoin contract and client B shorts one Bitcoin contract, both sides of the trade are covered. This means Bityard is not exposed to the profit or loss of either client. Instead, we make our money via the commissions that each client pays to trade.

Sometimes, a large majority of clients will trade in one direction. When this happens, we will protect our exposure to risk by hedging in the underlying market or derivates markets. For example, if client A and client B both long Bitcoin contract, we may buy actual Bitcoin or long Bitcoin futures. This then covers the amount we will pay out if both clients are successful.

However, under certain circumstances, the price trends of future markets and Bityard (weight average from current market) may not be perfectly correlated in short term. Consequently, the hedging strategy implemented by Bityard may not be fully effective. Therefore, Bityard will reserve certain percent of the revenue to establish a Risk Reserve Fund to ensure clients can always to realize their profits.

Under some rare and extreme market conditions, to ensure clients’ profitability and manage Bityard risk exposure, Bityard might temporarily suspend clients from opening new positions in a single direction until the risk is reduced to a safety level. The purpose is to protect clients’ investment income by always enable them to realize unearned profit upon liquidation.

Source: Bityard

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Is Bityard a perpetual contract?

Bityard is not a perpetual contract, but we do have the advantage that a perpetual contract does not have.

Bityard has 24 hours of liquidity, users can place orders at any time.

Bityard has no spreads.

Independent R&D, best-in-class security.

Source: Bityard

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SPOT TRADING ON BITYARD New Listing

Pair: GRT/USDT, WNXM/USDT, DOGE/USDT

Happy trading 

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SPOT TRADING ON BITYARD NEW LISTING

PAIR: SNX/USDT, AAVE/USDT, ETC/USDT

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New listing Spot trading on Bityard

Pair: ZEC/USDT, ZEN/USDT, CVC/USDT

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SPOT TRADING ON BITYARD New Listings

Pair: ALPHA/USDT, 1INCH/USDT, UMA/USDT

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New Listings Trade Tokenized Stocks

Pair: FIL/USDT, SNX/USDT, AAVE/USDT

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Trade Tokenized Stocks New Listings

Pair: YFI/USDT, OMG/USDT, REN/USDT

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Trade tokenized stocks bitayrd New listings

Pair: MKR/USDT, CRV/USDT, SUSHI/USDT

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Bityard How to Deposit & Withdraw

1. Select "Deposit" on "My Assets" page and confirm the currency you want to deposit;

2. Select the desired currency in the "Currency" option, the deposit address and QR code will display on the right side, then you can deposit the currency to this address.

Bityard accepts: BTC, ETH, TRX, HT, XRP, EOS, USDT (USDT-Omni, USDT-Erc20, USDT-Trc20)

Tips:

Please strictly follow the displayed currency address to deposit, otherwise the deposit assets may be lost;

Cryptocurrency deposit requires network node confirmation. Different currencies require different confirmation times. The confirmation time is generally 10 minutes to 60 minutes, Details are as follows:

3. The deposit address may be changed. Please confirm the deposit address on the deposit page before each deposit.

How to Withdraw

1. Select “Withdrawal” and choose the USDT chain name on the “My Assets” page;

2. Add "withdrawal address", "amount" and "fund password", enter "verification code" from Email, then click confirm to complete the withdrawal, please get the verification code in "Promotion" of Gmail；

3. Withdrawal currently only supports USDT. The minimum withdrawal amount is 50 USDT, The daily withdrawal is 2 times and the daily limit is 100,000 USDT.

4. The withdrawal service hours is 9: 00-21: 00 Singapore time.

Source: Bityard

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How long does it take to complete deposit and withdraw in Bityard?

Deposit:

Deposit through OTC is real-time. Deposit through external wallets depends on congestions in the blockchain network.
There are three steps for blockchain asset transfers:Initiate - Block Confirmation - Credit

• Initiate:The withdrawal platform or wallet has already performed a transfer;
• Block Confirmation:Complete the block confirmation.If there are congestions and delay in the blockchain network,may cause the digital assets not fully confirmed;
• Credit:After full confirmation, Bityard will credit to your account as soon as possible.

Withdrawal:

• USDT Omni：Based on the Bitcoin network，so the credit is slightly slower. It usually takes more than 30-60 minutes to display the account.
• USDT ERC20：Based on the Ethereum network,same time with the Ethereum Token transfer, it usually take 10-20 minutes to be credited.
• USDT TRC20：Based on the TRON network,same time with the TRON Token transfer, Normally it take 5 minutes to be credited.

Source: Bityard

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What are the deposit and withdrawal fees on Bityard?

Deposit

There will be no fees for deposit USDT-Omni, USDT-Erc20, USDT-Trc20, BTC, ETH, TRX, HT, XRP, EOS

Bityard fiat currency deposit is free of charge.

Tips:

Third-party payment accounts are updated from time to time, and the latest payment information must be obtained before deposit.

Withdrawal

Bityard transaction fee per withdrawal：

OMINI-5.92USDT;
ERC20–6USDT,
TRC20-0USDT。

Source: Bityard