8/10
Overall Rating
Bityard

Bityard Review

Overview

Trust/Reputation
9/10
Liquidity
8/10
Fees
8/10
Legal Structure
8/10
User Interface (UI)
9/10
Withdrawals
9/10
Customer Support
9/10

Bityard is the world's leading cryptocurrency contracts exchange, which is Headquartered in Singapore. The main aim of the company is to provide safe, secure, and fast crypto asset trading services in more than 150 countries. Bityard adheres to the product concept of "Complex Contracts Simple Trade", and aims to bring the ultimate simplified trading experience to customers.

The company was established in 2020 and focuses on the simple trading environment for new traders. Although it is headquartered in Singapore, they focused on the worldwide market.

Trust/Reputation

9/10

Bityard is regulated and licensed under Singapore's ACRA with license number- 201938576H, USA's MSB from Financial Crimes Enforcement Network which belongs to the United States Department of the Treasury (license no- 31000157825533), Estonia's MTR (license no- 14875721), and Australia's AUSTRAC with license no- 639073519.

Overall, in terms of regulation, it followed a diversification to cover users from all over the world. Furthermore, regulating authorities are highly trustable for users.

Besides regulation, this platform uses two-factor authentication, Completely Anonymous Trades, Multiple Offline signatures, Cold Storage of Assets, Real-Time Risk Audit, Full Refund Warranty, Limited Risk with the potential for infinite profit. On the other hand, the interface of the platform is very easy for traders.

If we consider the feature mentioned above, this company has any reason to remain a trustworthy cryptocurrency user.

Liquidity

8/10

For liquidity info please visit Bityard website.

Fees

8/10

The deposit option is available on the panel. You just have to move through it and hit the deposit option.

If you want to deposit through USDt funding method, there are three different options- TRC20, ERC20 or OMNI. After clicking any of this a QR code or address will be asked.

The timing of deposit depends on types of coin. As we know in the cryptocurrency there are several confirmations required in the coin to be deposited. Therefore, it is difficult to mention the time.

On the other hand, fiat funding is available for China and Vietnam only.

User Interface (UI)

9/10

Bityard trading platform is very user-friendly and straightforward. Furthermore, the trading platform is customizable. Therefore, you can increase or decrease the chart size for a better view.

Bityard Trading Platform

In the layout of the trading platform, you can see the list of the available trading instruments on the left side of the chart. Therefore, trading charts are in the middle of the platform, and on the right side, you can see available order types.

The price and charts in the Bityard platform are very advanced. You can use some available trend lines and drawing tools to analyze the market.

Bityard Platform

The main drawback of this trading platform is that it does not have any advanced technical analysis tools. Therefore, you have to see some alternative charting tools with advanced technical analysis tools.

Order Forms

The order form of Bityard is similar to the other traditional cryptocurrency exchange. There is no complexity in order forms that trade can follow.

Like other platforms, Bityard has two types of orders, as mentioned below:

Market Order 

The market order is the order type that allows a trader to have the exact market rate. In this market order, traders will get the latest available price from the bityard platform.

Limit Order

It is an order type that is a place at a different price from the market rate. The limit order will execute once the price touches the specific amount. You can set the buy limit below the current market price and sell limit above the current market price. Furthermore, you can set how much risk you are willing to take per trade.

In both order types, you are allowed to set an appropriate stop loss and take profit level to make your trade perfect. This broker allows a maximum 500% take profit for a trade due to minimizing the risks of volatility in the cryptocurrency market.

Bityard Mobile App

Bityard mobile app is available for android and iOS platforms. Through the mobile app, you are allowed to manage most of the trading activities of the market.

Like Bityard trading platform, the Bityard mobile app is straightforward to understand for traders. Prices and charts are similar and fast like the web-based platform, and you can take market orders and pending orders through this app. 

However, the main demerits of using a mobile platform are that it is not suitable for analysis as most of the previous prices are not available at a time.

Withdrawals

9/10

Withdrawal is available on USDt only. The minimum requirement for withdrawal is 50$ with the charge of 2$. Therefore, you should make sure to have 52$ in your account to make a withdrawal.

The process of withdrawal is straightforward, as a deposit. You just have to choose the withdraw option and input the Tether address.

Customer Support

9/10

The FAQ section covers most of the traders' queries about the company and services. Furthermore, deposit and withdrawal-related questions are also included in the FAQ section.

Users can access the website in 8 different languages, which covers most of the cryptocurrency traded countries.

Furthermore, the company has a live chat option for Traders who do not find Solutions from the available FAQ section.

When you click on the Live chat and your window will open, and you can write what you want to say.

The contact us page includes a live chat option and email addresses to get through them.

Our view, you will find That customer support is satisfactory. However, we did not find any new information about customer support; therefore, we can consider it as an average.

Social Media Presence

Bityard is active in most of the social media networks. Furthermore, they are present on many social media, as mentioned below:

Conclusion

Bityard is a new cryptocurrency exchange in the world situated in Singapore. The company is currently in the start-up phase. However, it is started with several regulations that can attract new investors.

The company considers the name for the most straightforward and best trading platform for new traders. As we know, cryptocurrency trading is emerging in the market, and a lot of people are seeking an excellent platform to get themselves involved in it.

Therefore, this platform is the right choice for traders. During our review, we found this company as a potential for future market-leading. However, you should justify the service of the company before investing money into it. 

 

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