Bityard Review: The New Hub of Options Trading?

“Options Trading” is gaining popularity with every passing day. For those of you unaware, it is a contract that allows the buyer to purchase or sell an underlying asset based on the contract type they have. The reason why many investors are opting for “Options” is that the risk factor associated with this contract is considerably low. Moreover, the pressure of financial commitment, in this case, is quite less in comparison to equities.

Although cryptocurrency options trading is a rising trend in the financial market, the concept can be quite difficult to understand for novice investors. This is where Bityard comes into play.

Bityard: Safe - Easy - Fast

While there’s no denying that various credible platforms offer exceptional crypto asset trading services, most of them cater to investors with a background in trading and may, therefore, turn away the aspiring investors who may classify these platforms as being “too complicated” to comprehend.

When it comes to Bityard, the story is completely different. Despite being touted as the “World’s Leading Cryptocurrency Contracts Exchange”, Bityard’s target audience is mainly the crypto traders who are interested in options trading but lack considerable experience in the said field and are on the lookout for a platform where they could access simplified trading operations.

Bityard is headquartered in Singapore and puts a strong emphasis on the concept of “Complex Contracts Simple Trade”. Moreover, it offers its fast, safe, and easy services across 150+ countries.

Depending on the ongoing complex contract products in the market, Bityard provides its users with insight into the market opportunities, and before you ask us, there are tons of newcomers in the crypto contract markets who could make good use of such data.

In order to keep things simple and prevent “trade leaks”, Bityard refrains from using order books and rather relies on the exchange matches user trading itself.

Bityard: Leading by Example

Within a year of its launch, Bityard has taken the world of options trading by storm. Not only does it offer its customers an easy-to-use trading platform but it also boasts several other perks that will prompt crypto traders to consider growing Bityard. Here are some of the main points, courtesy of which Bityard has gained prominence in a short amount of time.

Bityard is regulated and licensed under Singapore’s ACRA, USA’s MSB from Financial Crimes Enforcement Network which belongs to the United States Department of the Treasury, Estonia’s MTR, and Australia’s AUSTRAC.

Supporting “Leveraged Trading” is another strong suit of Bityard. This allows you to gain considerable exposure regarding a change (increase or decrease) in a specific crypto’s price without requiring you to acquire the underlying assets. Bityard enables you to get up to 100x leverage. Simply put, you are just increasing your bet by borrowing from the exchange.

Using Bityard’s interface is like a walk in the park. It is clean, simple, and allows users to easily understand what’s transpiring on their screens. Moreover, Bityard has made its website available in different languages including English, Russian, Simplified Chinese, Traditional Chinese, Vietnamese, Korean, Japanese and Indonesian.

To further encourage novice investors or crypto traders to get used to options trading, Bityard also boasts a “demo trade” mode. When enabled, this mode allows traders to indulge in “demo” crypto options trading by utilizing authentic price charts and volumes without acquiring genuine assets. Users can also practice “leveraged trading” to get used to how the platform works.

In addition to supporting fiat deposit, the platform in question works with several deposit currencies i.e. USDT, BTC, ETH, XRP, TRX, HT, EOS and BYD.

Bityard’s transaction fee i.e. 0.05% is less than that of its main competitors such as BitMEX and Bybit i.e. 0.075%. This “contracts” platform also enables you to withdraw up to 100,000 USDT at a time.

Its customer support service is off the charts. Available via Email, Telegram, and Online, Bityard strives to achieve customer satisfaction by ensuring that anyone who inquires about the platform or its operations is catered to immediately and respectfully.

Unlike many other trading companies, Bityard is endorsed by world-renowned Muay Thai Champion, Buakaw Banchamek. Not only does this partnership open the door for a completely different audience to gain interest in crypto trading but having such a well-known Ambassador also boosts the credibility of the brand.

There are also plans in place for Bityard to use its own platform’s coin, BYD. It will be along the lines of BNB and is expected to be included in the mainstream exchanges in the future along with playing a major role in the Bityard ecosystem.

What is Bityard up against?

Bybit and BitMEX are among the most credible competitors of Bityard and both platforms have a massive user base currently. While all of the aforementioned platforms allow users to master in contract trading, Bityard manages to stand out among similar platforms.

The reason behind it, as we mentioned above, is that its simple-to-use and easily-comprehensible interface attracts beginners. While there’s no denying the fact that BitMEX has a solid reputation in the trading industry, it’s more suitable for experienced traders due to its complex services and advanced interface.

Conclusion - Is Bityard a Safe Platform?

In the end, what you should know is that in less than a year, Bityard has done a solid job of stabilizing itself. From facilitating its users with a user-friendly interface and a demo trading option to introducing its own coin and finding a well-known personality to represent the brand, the company in question is leaving no stone unturned to live up to its reputations as the “World’s Leading Cryptocurrency Contracts Exchange”.

Even though Bityard offers its users a simplified trading experience along with market insight, it recommends its clients to trade with caution since crypto contracts trading involves considerable reward or risk, especially when leveraged trading is a part of the discussion. Therefore, Bityard advises traders to only trade what they can afford to lose, and do proper research on the underlying market as well as the associated risks beforehand.
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