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(https://support.bityard.com/hc/article_attachments/900001470603/__2.jpg)
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
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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 (https://www.altcoinstalks.com/index.php?topic=190573.msg1075481#msg1075481)
2. BITYARD COMPLETE GUIDE (https://www.altcoinstalks.com/index.php?topic=190557.msg1075441#msg1075441)
Ccto: Bityard (https://support.bityard.com/hc/en-us/articles/360040014091-Bityard-Introduction)
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Unique advantages of Bityard
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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 (https://support.bityard.com/hc/en-us/articles/360038494871-Unique-advantages-of-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 (https://support.bityard.com/hc/en-us/articles/360040222591-How-does-Bityard-make-money-)
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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 (https://support.bityard.com/hc/en-us/articles/360039811072-Does-Bityard-aim-to-profit-from-client-losses-)
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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 (https://support.bityard.com/hc/en-us/articles/360040223451-Is-Bityard-a-perpetual-contract-)
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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;
(https://support.bityard.com/hc/article_attachments/900001937546/_1.png)
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.
(https://support.bityard.com/hc/article_attachments/900001912383/_1.1.png)
Bityard accepts: BTC, ETH, TRX, HT, XRP, EOS, USDT (USDT-Omni, USDT-Erc20, USDT-Trc20)
(https://support.bityard.com/hc/article_attachments/900001587003/__.jpg)
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;
(https://support.bityard.com/hc/article_attachments/900001937646/_2.png)
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；
(https://support.bityard.com/hc/article_attachments/900001936706/_2.2.png)
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 (https://support.bityard.com/hc/en-us/articles/360039964532-How-to-Deposit-Withdrawal)
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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 (https://support.bityard.com/hc/en-us/articles/360039848092-How-long-does-it-take-to-complete-deposit-and-withdraw-)
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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 (https://support.bityard.com/hc/en-us/articles/360040265791-What-are-the-deposit-and-withdrawal-fees-on-Bityard-)
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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 (https://support.bityard.com/hc/en-us/articles/360040262131-How-to-trade-)
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Bityard Trading hours
(https://support.bityard.com/hc/article_attachments/900001472586/7x24.jpg)
Source: Bityard (https://support.bityard.com/hc/en-us/articles/360040262371-Trading-hours)
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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 (https://support.bityard.com/hc/en-us/articles/360039845752-Are-there-any-spreads-on-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 (https://support.bityard.com/hc/en-us/articles/360039845792-What-is-Take-Profit-and-Stop-Loss-)
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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 (https://support.bityard.com/hc/en-us/articles/360040262451-Why-can-I-only-set-up-to-500-for-Take-Profit-)
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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 (https://support.bityard.com/hc/en-us/articles/360039811512-Stop-Loss-and-Take-Profit)
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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 (https://support.bityard.com/hc/en-us/articles/360039845872-Under-what-circumstances-will-the-positions-be-closed-)
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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 (https://support.bityard.com/hc/en-us/articles/360040262471-Why-is-Ask-price-is-different-from-Bid-price-)
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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 (https://support.bityard.com/hc/en-us/articles/360039845892-How-long-can-I-hold-a-position-)
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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 (https://support.bityard.com/hc/en-us/articles/360039845912-Can-I-make-a-margin-call-)
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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 (https://support.bityard.com/hc/en-us/articles/360040262531-What-is-a-position-)
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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 (https://support.bityard.com/hc/en-us/articles/360039845932-How-to-view-position-details-)
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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 (https://support.bityard.com/hc/en-us/articles/360040262551-Can-I-use-the-pending-order-function-)
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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 (https://support.bityard.com/hc/en-us/articles/360038353932-How-to-buy-long-sell-short-)
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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 (https://support.bityard.com/hc/en-us/articles/360040262571-Will-I-be-liquidated-on-your-platform-)
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How to download Bityard App?
iOS users can download through Apple Store;
Android users can download through Google Play or other app stores;
Source: Bityard (https://support.bityard.com/hc/en-us/articles/360039845452-How-to-download-Bityard-App-)
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Why can not login to Bityard?
Please check if the login ID and password you entered are correct.
If you have forgotten your password, you can reset your password by clicking "Forgot Password?" And entering the login ID to receive the verification code,then reset your password.
If you still can not log in, please contact Bityard customer service immediately, we will help you as soon as possible.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/360039491271-Why-can-not-login-to-Bityard-)
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How many ways to register to Bityard?
Bityard supports email and mobile phone number registration.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/360040262051-How-many-ways-to-register-to-Bityard-)
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How to register an account?
(https://support.bityard.com/hc/article_attachments/900000689263/mceclip0.png)
You can register with your email or mobile number
For email registration
1. Please enter your email, login password, and click "register".
2. Swipe the verification page then enter the verification code sent to your email.
For mobile registration
1. Please select your country code and enter your mobile number, login password, and password confirmation accordingly.
2. Swipe the verification page then enter the verification code sent to you by SMS.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/360038444412-How-to-register-an-account-)
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Can I open multiple accounts?
Bityard currently supports one Email or one Mobile Phone Number for only one trading account registration.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/360039845472-Can-I-open-multiple-accounts-)
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What if I forget my login password?
If you forget your login password, you can click "Forgot Password?" on the login page, follow the instructions to enter the email or mobile phone verification code, and reset the password.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/360039845492-What-if-I-forget-my-login-password-)
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What if I cannot receive SMS verification code?
Please make sure that the phone number you entered is correct, and keep your network connected. If it still does not work, Please contact our customer service and provide your registered mobile phone number, our customer service will help you.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/360039845552-What-if-I-cannot-receive-SMS-verification-code-)
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Copy Trading Service Agreement
Copy Trading Service Agreement (hereinafter referred to as the "Agreement") is a statutory agreement clause between the Bityard (hereinafter referred to as the "Platform") and the copy trading service follower or trader (hereinafter referred to as "you"). Please read all the terms of this agreement carefully. If you have become a follower or a trader, it means that you and the platform have reached an agreement, you accept all the terms of this agreement and are bound by the terms of this agreement.
1. Follower/Trader Rights and Obligations
a. Users who become followers or traders on the platform must be natural or legal persons who can fully assume legal responsibility.
b. You ensure the personal data (including documents and other relevant information) provided to the platform is authentic and reliable, and the platform will strictly verify and evaluate.
c.If your personal information (such as trading experience, trading strategy, etc.) is insufficient or fails to pass the review, the platform will not allow you to trade.
d. Do not use other people's information (such as name, ID number, phone number, email address), if the information you provide is inaccurate, illegal or invalid, the platform will prohibit you from using the platform's products and services.
e. If your personal information changes or you want to change the account type, you can apply to the platform customer service by submitting a work order, and the platform will process it after reviewing. If you cannot timely inform the platform about the change of personal information, the platform will not be responsible for any loss caused by the change. In order to ensure the accuracy of personal information, please update in time, you can ask the platform to correct or delete information that you think is incorrect.
f. You need to keep the account ID and password of the account yourself, and bear the relevant legal responsibility for trading behavior of the follower or trader account.
g. Please check the relevant terms of the platform's official website carefully, understand the relevant laws and regulations, and bear all the risks of your own trading and copy trading. The platform does not provide any specific investment advice and does not express any relevant opinions.
h. When you post information and use services on the platform website, you must comply with the relevant laws and regulations. Do not maliciously publish or spread bad information that violates laws and regulations and unethical on the website, including text, pictures, audio, video, etc. Do not publish any defamatory and harmful comments that damage the reputation of the platform.
i. Please check your account information regularly and inform the platform of any errors in time. If you have not informed the platform of any errors that have occurred within 72 hours after trades are executed, any losses and damages caused thereby shall be borne by you.
j. The trader's trading strategy description on the platform must be accurate so that followers can follow the investment based on this description. The trader's trading behavior must be consistent with the strategy description. When the actual trading method of the trader is different from the strategy description, the platform will not approve the adoption of this trading strategy. If the trading behavior leads to serious consequences, the platform will take relevant actions to interfere with your trading, such as deactivating the trader account or cutting off the copy trading followers.
k. Traders need to ensure that the trading status is updated in time to allow followers to understand their trading behavior and strategies in time to maintain a good following relationship.
l. Traders are not allowed to conduct malicious operations, including but not limit malicious orders to increase the number of followers or funds, otherwise the platform will revoke the service fees received by them and the trader account may be permanently suspended.
m. If you place an order with a trader or other investors on the platform, there may be a risk of loss. In the case of improper risk control, the entire account may lose money, and the loss is borne solely by the follower.
2. Platform Rights and Obligations
a. The information you publish on the platform (such as text, pictures, etc., excluding ID cards, bank cards, and personal privacy information), the platform has the right to use the content for other legal channels, such as copying, modifying, adapting, translating, and promoting, analysis, etc.
b. All graphic information on the platform website is for the purpose of disseminating useful information for the public, and does not mean that the platform agrees with its views.
c. The platform will not provide you with any investment advice or express investment-related opinions. You need to think independently and execute trading independently.
d. If the trader's account does not have any trading behavior for more than 2 months, the system will automatically delete the permissions.
e. In order to protect the legal rights of you and the platform, the platform has the right to evaluate your knowledge, experience and adaptability based on the information you provide to the platform. If the platform will not pass the information that is unreliable or inaccurate.
f. Any natural or legal person's unauthorized consent to provide the platform with other people's trading data or related information, the platform is not responsible for any loss caused by this behavior.
3. Online Trading Risk Disclosure
a. If there are trading errors (such as transmission errors, delays, interruptions of network signals, errors caused by the strength of network signals, data errors, and errors caused by the stability of the device connection, etc.) when you are using the network equipment, the direct, indirect, and occasional losses and gains caused by you will be all borne by you, and the platform will not bear any responsibility.
b. If any force majeure incidents (such as system failures in technical incident, delayed update of client terminals, incorrect installation, network connection failures, security loopholes beyond reasonable control, etc.) that occur beyond the control of the platform, the platform will not be responsible for any claims and losses arising from this incident.
c. The platform recommends you use mobile devices for trading or receive data carefully. As mobile devices are restricted by network connections, they may not provide the same functions as when accessing the platform through a web browser. The platform shall not be responsible for any losses, damages, costs or expenses arising from your use of mobile devices, including but not limited to loss of profits, direct, indirect or incidental damages incurred during use.
d.To use the copy trading service, it is necessary to clarify that the platform only provides the copy trading order service, and sends the trader order as synchronized with the trader to the market under the user's authorization to deal with the market counterparty. Limited by reasons such as changes in market conditions, changes in market depth, and time-delayed execution of system instructions, there is no guarantee that the copied orders will have the same opening (closing) price, opening (closing) time, and profit/loss (profit/loss ratio).
4. Effectiveness, Modification and Termination of the Agreement
a. This agreement will take effect from the moment you become a follower or trader on the platform, until the termination of this agreement and breach of contract. Either party can terminate this agreement at any time. If you need to cancel this agreement, please notify the termination in writing or by mail in advance. After receiving the notice, the platform will notify you in writing or email within 7 working days to clarify the termination of this agreement.
b. In order to maintain the legal rights and interests of the platform and improve this agreement, the platform reserves the right to modify the relevant terms of this agreement and the final interpretation. If you modify the relevant terms of this agreement, the platform will make the necessary specific notice through the official website (or email and other communication means). When you enjoy various services, please check and understand the relevant amendments in a timely manner, and consciously abide by this agreement and related service agreements. Even if the platform revises the trading conditions and any part of the execution rules, you will continue to be bound by this agreement.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/900004317503-Copy-Trading-Service-Agreement)
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Stop Copy Trading
1. Bityard App – Account – Copy Trading
2. Select a trader, click the “Edit” button to enter the edit page, turn off the “Copy Switch” button, or click “Stop Copying” in the upper right corner.
Tips: After stopping copy trading, open positions will not be affected.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/900003299606-Stop-Copy-Trading)
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Adjusting Copy Trading Settings
1. Open the Bityard App – Account – Copy Trading
2. Select a trader and click the “Edit” button to enter the edit page. You can modify the margin, daily copy trading amount, maximum position amount and Stop Loss by ratio. Once you finish the adjustment, click “Save”.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/900004226363-Adjusting-Copy-Trading-Settings)
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Copy and edit setting instructions
After the user selects the trader to copy, he needs to edit the copy to complete the copy setting.
Copy switch: After you manually close it, it will no longer automatically follow the trader to place orders, and the orders that have followed the opened positions will remain synchronized without being affected.
Copy amount: The amount of a single follow-up trader's order. (That is, no matter how many traders place, the amount you copy is the same)
Example: The trader places an order amount of 100USDT, you set 2USDT, and the order you follow is 2USDT.
Proportional copy: The design of proportional copy is to allow followers to follow the relative principal size of several orders before and after the trader. To
Example: If the trader places an order for 100USDT, and you set the copy ratio to 20%, the copy amount is 20USDT.
Warning value: Set a maximum copy amount that you can accept. If the single amount is greater than the warning value, the system will copy the order at the amount set by the warning value. The maximum warning value can be set to 200USDT.
Note: If the single copy amount is less than 5USDT, the copy will fail.
Single-day follow-up principal: After the accumulated copy amount in a single day reaches the value, it will no longer follow the order, and the maximum setting limit is 4000USDT.
Example: Suppose you set a 100U order and set the follow-up amount of a single day to 300U, then the fourth order will not be copied.
advanced settings:
Maximum position amount: that is, the total amount of the position that follows the trader's position. Once this limit is reached, there will be no copying. The maximum setting limit is 4000USDT
Example: Suppose you set a single copy of 100U, and set a maximum position of 100U, then you can only wait for the last position to be closed before following orders.
Order stop loss ratio: If you set 70%, the default stop loss ratio for follow orders is 70%; if you set [Unlimited], it will automatically follow the stop loss ratio set by the trader.
Example: Suppose you set 70% of the stop loss price, and the stop loss will be triggered when the loss following the order reaches 70%.
After the above settings are completed, click Save to complete the copy setting.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/900003299406-Copy-and-edit-setting-instructions)
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Risk warning for document copy function
Bityard provides copy trading function. When deciding to copy one or more traders/or implement a specific strategy, you must consider your overall financial situation, including financial planning, and understand that the use of copy trading features is extremely speculative and you may suffer Larger losses in excess of the amount used to copy the trader. The risks associated with the copy trading function include but are not limited to automated trading operations, that is, your account can start and end trading without your manual intervention.
Automatic transaction execution and other related transaction operations can complete opening and closing transactions in your account without your manual operations;
Bityard investment management services are at your discretion. You decide to copy a specific trader or multiple traders and/or follow a specific trading strategy. When making these decisions, you have considered your overall financial situation including financial planning, and understand that using the copy trading function is extremely speculative, and you may incur losses than the amount used to copy this trader Much bigger；
The copy trading function we provide is for reference only. Employees and agents of Bityard and its affiliates are not investment or financial advisors. If you make an investment decision based on the information provided on our website or the information obtained through the copy transaction function, you should bear your own risk, and Bityard and its affiliates, its employees and agents will not bear any losses;
You should make your own research and judgment before making an investment decision. You should independently determine whether your investment, strategy, or any other products and services meet your own needs based on your investment objectives and personal and financial conditions;
If you conduct other transactions on your own or modify or cancel the instructions generated by the copy transaction function, the asset performance of your account may be significantly different from the user you are copying. Withdrawals and withdrawals of copy objects may also cause differences in the performance of the two accounts, because these measures may affect the ratio of copy transactions;
Our user's past performance, risk rate, statistical data, and all information about the user displayed on our website and apps do not represent future performance and should be treated as hypothetical situations;
Past performance and/or risk ratio should be considered hypothetical performance. Assuming performance has many inherent limitations. It shall not be stated or guaranteed that any account will be able or may obtain gains or losses similar to past performance or displayed risk rate. The actual profit/loss percentage of each investor may vary, depending on many factors, including but not limited to: account balance (deposit and withdrawal) at the time of trading, market behavior, investor’s account settings, and copy orders The actual performance of the subject.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/900004226323-Risk-warning-for-document-copy-function)
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Currency exchange fee
Bityard currency exchange fee is currently 0.05%.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/900004308683-Currency-exchange-fee)
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Transaction fee
Contract fee：
Bityard trading fee has been adjusted from 0.075% to 0.05% and the formula has also been changed.
The formula for the trading fee is changed to:
Opening Fee=Margin*leverage*0.05%
Closing Fee=Margin*leverage*0.05%
Note: Bityard will pre-deduct the opening and closing fee [0.1%] when opening a position, and will not be charged when closing a position.
Derivatives handling fee:
The derivatives handling fee is:
Opening fee = margin * leverage * 0.025%
Liquidation fee = margin * leverage * 0.025%
Note: Bityard will pre-deduct the opening and closing transaction fee [0.05%] when opening a position, and will no longer charge it when closing a position.
Spot handling fee：
Bityard's current spot procedures are:
Maker/Taker
0.1%/0.1%
Note: The handling fee is charged separately when buying/selling.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/360039848212-Transaction-fee-)
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When will the transaction fee be charged？
The transaction fee is only generated when the order is opening,it will be deducted from the account balance and does not affect the initial margin.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/360040265811-When-will-the-transaction-fee-be-charged-)
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Overnight fee
Bityard has adjusted the rules for charging overnight fee, For the position being held for less than 12 hours, the overnight fee will be waived, For the position being held for more than 12 hours and closed after SGT 05:55:00, The overnight fee will be charged, The previous overnight settings is invalid, After adjustment, the overnight settings will be enabled by default.
The formula for the Overnight fee is:
Overnight Fee=Margin * Leverage * 0.045% * Days
SOurce: Bityard (https://support.bityard.com/hc/en-us/articles/360040265831-Overnight-fee)
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How To search Bityard Regulatory License
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How To Claim Rewards On Bityard Mobile?
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How to get BYD on Bityard Mobile?
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Bityard's Risk Management for Traders
1.Prohibited Items for Traders
（1）Traders are prohibited from using multiple accounts to get profit shares by sharing trading activity.
（2）Traders are prohibited from plagiarizing the orders of other traders in any way such as copying other trader's trading strategy.
（3）Traders are not allowed to conduct ultra-short-term transactions.
（4）Traders shall not publish any bad opinions that slander or damage Bityard's reputation.
（5）Traders are forbidden to use multiple accounts for pair trading. Once discovered, they will be permanently disqualified from being Bitget traders.
（6）In order to protect the interests of followers, traders are not allowed to display, disclose or imply social accounts or contact information in information display places such as nicknames and personal profiles.
（7） Traders must not perform malicious operations, including but not limited to malicious transactions that increase the number of followers or qualifications.
2.Relevant restrictions will be enforced depending on the severity of the cases.
（1）Warning
（2）Reduce the weight of the community rankings
（3）Reduce your max. trading leverage or the max. trading volume of all your followers
（4）Disqualification from the copy trader list
（5）Confiscation of the profit share earned from the violation trading
Special note: The system will detect accounts based on an automatic recognition algorithm. Thus, there may be misjudgments. If you do not agree with the decision of the platform, you can contact Bityard customer support to appeal.
3. Traders need to be aware of the following :
（1）Affected by the time-consuming of the system or market factors, there may be situations in which the time and price between traders' order and followers' copy trade is not synchronized.
（2）The relationship with the already-followed traders may be cancelled due to modification of the copy trade function or resource optimization.
（3）The platform has the right to adjust the design of the Copy Trading community rules in accordance with the development direction of the community, including the ratio, the leverage limit , the number of followers, the copy trade-related products.
（4）The platform for outstanding matters reserves the right of final interpretation.
Source: Bityard (https://support.bityard.com/hc/en-us/articles/900005733446-Bityard-s-Risk-Management-for-Traders-)
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Announcement on the adjustment of copy trade restrictions
Due to the rapid increase in the amount of copy orders, the current market makers that cooperate with each other cannot guarantee the same trading pairs, at the same time, and the same price to complete the opening and closing positions, also on moving stop loss funtions . The number and amount of orders and the followers on the platform are now restricted below:
1. The maximum copy amount of the platform is adjusted from 400 USDT to 200 USDT
2. The increase in the number of order holders will cause the original user’s maximum order amount to change. See the table below for details.
The actual number of followers Maximum amount
＞1000 5 U
801-1000 20 U
501-800 50 U
151-500 100 U
≤150 200 U
For example: the user set a copy amount of 200 USDT , the current trader’s follower number is 150, then the maximum order amount when placing an order is 200 USDT ; when the trader’s follower number increase to 500 , the actual maximum copy amount is 100 USDT .
3. To provide customers with better services, the Trailing stop function will be suspended from now on and will be relaunched after improvement.
Adjustment date: April 10, 2021 Singapore time.
Sorce: Bityard (https://support.bityard.com/hc/en-us/articles/900005566846-Announcement-on-the-adjustment-of-copy-trade-restrictions)
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Announcement of adjusting the trader's profit share
Bityard will adjust the trader's profit share on Jan 16, 2021 (SGT).
The new trader's profit share would be:
Trader's profit share= net profit * ratio(8% or 10%)
Net profit = order profit-trading fee-O/N fee-gift money
Source: Bityard (https://support.bityard.com/hc/en-us/articles/900004156126-Announcement-of-adjusting-the-trader-s-profit-share)
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How To Make Trade on Bityard?