Bityard Crypto Contract exchange platform

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HOW TO TRADE?

Step 1, go to the "Trade" after login. Or select the cryptocurrency and enter the "Trade".

Step 2, select the "market or limit" and "Buy/Long" or "Sell/Short",select leverage and enter the marging the "Trade".

Step 3, you can adjust "Take Profit Ratio" or "Stop Loss Ratio" and choose "over night" in settings.

Step 4, click buy or sell button and then confirm the order.

Source: Bityard

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Bityard Trading hours

Source: Bityard

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Are there any spreads on Bityard?

Bityard does not add its own platform spread. The prices that traders see on Bityard are the most accurate spot prices without additional spreads and slippages. In addition, Bityard has 24 hours of liquidity. And it's more fair and secure.

Source: Bityard

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What is Take Profit and Stop Loss?

To liquidate your position automatically after certain earning or loss, you need to set a Take Profit or Stop Loss price.

Default Stop Price: When placing an order, the system will set a default Stop Loss price, which is the price to suffer a loss equals to 90% of the margin,as low as 10%.

Default Take Profit Price: When placing an order, the system will set a default Take Profit price, which is the price to achieve the profit equals to 300% of the margin,If you want to achieve higher profit, you can set the Take Profit price to achieve 500% of the margin.

Take Profit and Stop Loss can be adjusted in Position area.

Source: Bityard

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Why can I only set up to 500% for Take Profit in bityard?

Since the price of cryptocurrency contract is more volatile than the price of the general financial asset, Bityard will select the most reliable channel to hedge or partially hedge user's contract position to ensure that users can profit in real time. Take Profit function can greatly ensure the validity of above method.

Compared with the force liquidation policy of other futures contract platforms (investment winners bear losses for losers), Bityard can better help investors lock in investment returns and better control investment risks with Take Profit function.

Source: Bityard

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Bityard Stop Loss and Take Profit

The default Stop Loss price functions are set to be triggered if a user loses 90% of his or her Margin. The default Take Profit price functions are set to be triggered if a user earns 300% of his or her Margin. The lowest Stop Loss point can be set to 10% of the occupied margin and the highest Take Profit point can be set to 500% of the occupied margin.

For example, if the current value of bitcoin is 8,000 USDT, when placing a long or buy position with a leverage of 20X and a margin of 100 USDT

the default Stop Loss price is: 8000*(1-90%/20), and the default Take Profit price is: 8000*(1+300%/20).

Calculation Formula of Profit and Loss

Profit and Loss from Long=(Open price-Close price)*Position
Note: The closing price is the buying-down price indicated by the current market
Profit and Loss from Short=(Open price-Close price)*Position
Note: The closing price is the buying-up price indicated by the current market

Source: Bityard

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Under what circumstances will the positions be closed?

Orders can be closed under the following circumstances.

1. Manual closing: users manually close current positions.

2. Automatically closing (Take Profit): when current price reaches the Take Profit price.

3. Automatically closing (Stop Loss): when current price reaches Stop Loss price.

4. The system will close the positions on 05:55:00 (Singapore Time) if the orders are set to be not holding overnight.

5. Even though you have chosen to hold overnight, the system will still close the positions on 05:55:00 (Singapore Time) if the overnight fee cannot be covered by your account balance.

Source: Bityard

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Why is Ask price is different from Bid price？ in bityard

Bityard can acquire ask and bid price from the secondary market.
When users are bullish on a certain currency in the future, they need to buy the contract according to the market price, that is, the lowest quotation of ask price.

When users are bearish on a certain currency in the future, they need to sell the contract according to the market price, that is, the highest quotation of bid price.

Because the quotation of ask price will be higher than that of bid price, so the ask price and bid price is different on Bityard.

Source: Bityard

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How long can I hold a position?

Positions can be held perpetually without closing position.

the system will still close the positions on 05:55:00 (Singapore Time) if the overnight fee cannot be covered by your account balance.

Source: Bityard

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Can I make a margin call?

When you open a position with a leverage more than 20X, you can add variation Margin after opening a position.

Source: Bityard

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What is a position?

An Order's position = Margin * Leverage/Opening Price

If the price of BTC is 10000USDT and you purchased with a margin of 1000USDT and 20x leverage, then the order position is 2BTC.

Source: Bityard

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How to view position details?

Click Trading After login and you can see all the position at the bottom of the page. you can view the details of the position in the position page, you can choose to close the order or adjust the take profit and stop loss, or add variation Margin.

Source: Bityard

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Can I use the pending order function?

Yes,you can. Attention should be paid to the following:

1. The pending order can be successfully placed only when the available balance is greater than the sum of the initial margin and trading fee
2. The price must be higher than market price when you buy long and the price must be lower than market price when you sell short
3. The pending orders will not be cancelled automatically
4. Transaction fee will be charged only when the order is filled

Source: Bityard

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How to buy long/sell short?

In the contract trading of digital assets,based on the market price fluctuations,you can make a profit by choosing to Buy Long or Sell Short.

How to buy long

Buy long,refers to investors who expect the market price will rise in the future and buy a certain amount of digital asset bullish contracts.

When you expect the contract price will rise, you can buy long from contract trading. The operation procedure is: transfer part of USDT as margin, select the required leverage, order type, and buy a certain amount of bullish contracts. When the contract price rises, sell the contract at a high price to get a profit, that is buy low and sell high.

Take bitcoin contract trading as an example. When the price of bitcoin is $ 5,000, we buy a contract worth 1 bitcoin. If the price of bitcoin rises to $ 5,500 each, we sell this contract worth 1 bitcoin and get $500 profit.

How to sell short

Sell short,refers to investors who expect the market price will fall in the future and sell a certain amount of digital asset bearish contracts.

When you expect the contract price will fall, you can sell short from contract trading. The operation procedure is: transfer part of USDT as margin, select the required leverage, order type, and sell a certain amount of bearish contracts. When the contract price falls, buy the contract at a low price to get a profit, that is sell high and buy low.

Take bitcoin contract trading as an example. When the price of bitcoin is $ 5,000, we sell a contract worth 1 bitcoin. If the price of bitcoin falls to $ 4,500 each, we buy this contract worth 1 bitcoin and get $500 profit.

Source: Bityard

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Will I be liquidated on your platform?

Bityard offers isolated trading mode. You will never be liquidated in such mode. Mandatory liquidation only exists in cross trading mode.

Source: Bityard