Bityard Exchange is a platform focusing on cryptocurrency derivatives trading, offering an easy-to-use interface and a wide range of financial instruments for both novice and experienced traders. This article will introduce the basic features of Bityard Exchange, platform functions, how to register and use it, as well as its unique advantages, to help Taiwanese users gain an in-depth understanding of how to use the platform for cryptocurrency trading and improve trading efficiency in the process.
What is Bityard Exchange?
Bityard Exchange is a cryptocurrency derivatives-focused trading platform founded in 2019 that specializes in providing an easy-to-use and efficient trading experience. The platform supports contract trading of many mainstream digital currencies such as Bitcoin and Ether, and offers a leveraging effect of up to 100x, allowing users to trade large amounts with small amounts of capital.Bityard's interface is simple and intuitive, allowing even beginners unfamiliar with cryptocurrencies to get up to speed quickly.
Why Bityard Exchange?
One of the biggest advantages of Bityard is its simple operational process. Unlike traditional cryptocurrency exchanges, Bityard focuses on contract trading and supports a wide range of short and long term financial instruments. The platform is designed to make it easy for even beginners to understand and start trading, and Bityard offers multi-device support, including a mobile app, which allows users to trade anywhere, anytime, adding to the convenience and flexibility of trading.
1. High-bar trading
Bityard supports leverage up to 100x, which allows users to trade more with less capital. While higher leverage can bring greater potential returns, it also means higher risk and investors need to be cautious.
2. Low transaction costs
Bityard's trading fees are relatively low compared to many other exchanges, which is a big advantage for frequent traders. This is especially true when using Bityard's native token, BYD, to pay for trading fees, with an additional discount.
How to register and use Bityard Exchange?
Signing up for Bityard is easy. Users only need to provide a valid email address and set a password to create an account. Next, the user will need to complete KYC (Key Yield Checking) to increase the security of their transactions and to increase the daily trading limit. Once registration is complete, users can fund their account, select a contract type and start trading.
1. Simple registration process
Go to the Bityard website, click the "Register" button on the top right corner, fill in your email and password, and set up double verification. After completing the registration, a confirmation email will be sent to you, and you will need to click on the link in the email to activate your account.
2. Identity verification
Although Bityard offers transaction options that do not require KYC, it is recommended that users undergo identity verification in order to increase the security of their transactions and to add more trading features. Upon completion of KYC, the platform will increase the user's transaction limit and provide more service options.
Introduction to Bityard Platform Features
In addition to regular contract trading, Bityard offers a variety of powerful features to enhance the trading experience. For example, Bityard supports different types of trading products, including futures contracts and perpetual contracts, allowing users to choose the right trading instrument according to their needs, and Bityard also provides a simulation trading function for novice traders to learn without taking risks.
1. perpetual contracts
Unlike traditional futures contracts, perpetual contracts do not have an expiration date, so they can be held for a long period of time, providing you with greater flexibility.
2. Model transactions
For beginners, Bityard provides a simulated trading function. Users can experience the real market environment, familiarize themselves with the trading process and reduce the learning curve without investing real money.
Risk Control and Security for Bityard Trading
Security is Bityard's top priority. The platform employs multi-level security measures, including SSL encryption technology and cold wallet storage, to protect users' funds. In order to further protect the interests of traders, Bityard also provides risk control tools, such as stop-loss, take-profit and other functions, to help users in the market volatility when controlling risk.
1. Funding Protection Measures
Bityard stores most of its users' funds in cold wallets to avoid losses caused by hacker attacks. The platform is equipped with a real-time risk monitoring system and will take immediate action to protect user funds once abnormal transaction behavior is detected.
2. Risk management tools
To minimize the risks associated with leveraged trading, Bityard provides Stop Loss and Take Profit functions. Users can automatically close their positions at a set price point, thus avoiding significant losses due to sharp market fluctuations.
Bityard's Trading Fees and Rebate Programs
Bityard's trading fee structure is relatively transparent and offers a number of ways to minimize trading costs. The basic trading fee is 0.075%, which is a good option for high-frequency traders, and Bityard also has a rebate program that allows users to earn commission after inviting new users to join the platform.
1. Rebate Program
Bityard offers an attractive rebate program that allows users to earn commissions by inviting friends to sign up and trade. This is a good source of income for users with an extensive social network.
2. Discounted transaction fees
Users will be able to enjoy additional discounts if they use BYD, Bityard's native token, to pay for transaction fees. This not only saves on transaction costs, but also encourages users to hold BYD tokens and thus get more benefits.
How to top up and withdraw funds?
Bityard supports multiple top-up methods, including cryptocurrency transfer and fiat currency top-up. Users can choose the method they are familiar with and the platform will process the funds in a short period of time. As for withdrawals, Bityard also offers a variety of options, and has a certain fee standard.
1. Recharging modalities
Bityard supports mainstream cryptocurrency top-ups, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), etc., and provides fiat currency top-up options to facilitate Taiwan users' top-ups.
2. Cash withdrawal handling fee
Withdrawal fees vary depending on the method of withdrawal and the amount withdrawn. Generally, Bityard charges a small fee, but these fees are relatively low compared to other exchanges in the market.
Conclusion
Bityard provides a convenient and efficient trading experience for cryptocurrency traders with its easy-to-use interface, low transaction fees and high leverage trading. Whether you are a novice or an experienced trader, Bityard meets different needs and provides a series of risk control tools to protect the safety of users' funds. For users in Taiwan, Bityard is a cryptocurrency trading platform worth trying.
English 
Chinese