BitYard Review: Is It Legit?

BitYard is a well-known and respected cryptocurrency exchange. It is located in Singapore and offers safe, quick, and easy cryptocurrency asset trading services to more than 150 countries. BitYard broker is regulated and supervised by the American Money Services Businesses, Singaporean accounting firm and Corporate Regulatory Authority (ACRA) and the MTR of Estonia to the European Union. It also has an operation in Southeast Asia. The exchange caters to the market for digital assets that are backed by government-backed blockchain technology. You can read the full review to learn more about this exchange platform.

What is BitYard?

BitYard, a cryptocurrency exchange, offers traders and investors some trading services. It has a global reach of over 150 countries and offers a reliable, easy-to-use, and fast operation.

The crypto exchange was launched in 2019 and is located in Singapore. It facilitates trading in over 400 crypto tokens. The platform supports trading in Bitcoin, Ethereum and Dogecoin as well as Litecoin and other cryptocurrencies.

BitYard is quickly becoming one of the most trusted crypto-contracts exchanges in the world. It aims to simplify complex contract trading and it is fast becoming a well-respected platform. It offers trading tools that can help users achieve high profitability. BitYard’s brand identity is simple.

Open a BitYard account

  • The account opening process is simple and takes less than 30 seconds on the platform. The platform does not accept fiat currencies, so the main currency used for trades is the stable coin USDT. For deposits, the trader can use any of the seven digital currencies listed below: BTC, XRP. ETH. TRX. USDT. LINK. HT. This is considered to be a high-quality crypto contract exchange.
  • BitYard’s platform can be accessed in 8 languages, including English, Russian, Traditional Chinese and Korean. It is clearly aimed at Asian customers based on the languages it offers for them.
  • The trader only needs an email address or mobile number to sign up for the platform. Once they have done this, they will be registered within 30 seconds.
  • To trade immediately, the user must first register on the website.
  • The platform offers many advantages, including the simplicity of registration. This is in contrast to other cryptocurrency exchanges which require a lot of information and verification. The platform allows traders to trade their first Bitcoin contracts within seconds.

Demo Account

This platform offers its users a demo account. It is one of the best features. It allows traders to learn more about the platform and its key functions without having to risk real money. It is free and easy to use. The trader does not need to create a test account to trade. You can switch between accounts as a demo and a live account through a platform.

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BitYard Features

Copy Trading on BitYard

BitYard offers copying tools that allow users to copy trading patterns from professional traders. Copy trading is another feature that gives beginners the foundation for rapid growth.

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MIN. DEPOSIT

$50

EXCL. OFFER

USER RATING

9.8

4.9/5

78% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

MIN. DEPOSIT

$100

EXCL. OFFER

USER RATING

9.7

4.8/5

Trading forex or CFDs on margin involves a high degree of risk and may not be suitable for all investors. There is a possibility that you may suffer a loss equal to or greater than your entire investment.

MIN. DEPOSIT

$250

EXCL. OFFER

USER RATING

9.6

4.5/5

CFDs are complex instruments and involve a high risk of losing money quickly because of the leverage effect. 68% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This tool allows newbies duplicate positions that have been opened by their chosen traders automatically. The professional traders will either pay a monthly fee or a percentage of their profits. Both beginners and professionals can benefit from the copy trading software.

Fiat Currency Support

Fiat support is a standard feature for any trustworthy cryptocurrency exchange. This is not surprising, as this is a core feature that every top-rated exchange should have. This is a great way for beginners to get into crypto. A lack of a fiat-on-ramp can be viewed as a bit suspicious unless you trade on a DEX.

If you are still unsure if BitYard really is legit, then it will be a relief to learn that BitYard does accept fiat payments, specifically fiat-crypto purchases.

BitYard doesn’t actually process transactions. This is handled by Banxa and XanPool as well as Transak and Ramp.

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Users can currently purchase 15 crypto assets using fiat money in fiat-crypto transactions. These include some of the most popular coins, like Bitcoin, Ethereum, Tether and XRP, as well as lesser-known cryptos such as AAVE (Complete, BAT), COMP, and many more.

You can also transfer fiat money via BitYard’s credit or debit cards, cash deposits, or electronic money transfer. The company supports most of the most popular methods of money transfer so you can choose the one that is most convenient for you.

Inverse Perpetual Futures

This feature of BitYard could lead to high profits. Perpetual futures trading could also lead to loss. It is best to avoid this type of trading for beginners until you have more experience with crypto transactions.

Affiliate Program

BitYard provides a great affiliate program that allows users to explore the site and make huge profits. A user can partner with BitYard to earn up to 40% commission on the referral fees.

BitYard Supported Cryptocurrency

Bityard exchange can trade 10 cryptocurrencies against USDT. BTC, BCH and DASH can all be traded on the exchange. EOS, ETC. ETH, LINK. LTC. TRX, XRP, EOS. EOS, EOS. ETC. It is still a new exchange, so we expect the platform will grow its asset offering and allow for profits in digital assets and fiat currencies.

Live Support for Customers

Many people assume that all major crypto exchange platforms will offer live customer support. However, this is not the case. There are still a lot of exchanges out there that do not offer live customer service. Instead, you can either use a ticketing system or reach out via email.

BitYard’s app is free and all you need to do is connect with a support agent via live chat. The company provides 24/7 customer service. You can connect to a support representative via the live chat feature at the bottom-left corner.

This is amazing! This means that no matter what kind of situation you may find yourself in or the questions you may have about the exchange services, you will always get a prompt and definitive answer.

BitYard actually helped me to contact a support agent. I was having questions about some services offered by the company and decided to ask for assistance. The agent that I connected with was kind and patient, and answered all my questions immediately.

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You can contact BitYard’s support team if you have any questions about BitYard or just want to know if BitYard has security.

Fees

Bityard charges a transaction fee of 0.05% for orders that are opened and closed. The order window will display the trade fee and calculate it using the following formula:

  • Opening Fee=Margin*leverage*0.05%
  • Closing Fee=Margin*leverage*0.05%

An overnight fee may be assessed for positions that are kept longer than 12 hours. This fee is in addition to transaction fees. The fees are comparable to other cryptocurrency trading exchanges. However, they could be further reduced to increase competition.

Bityard does not charge a deposit fee to transfer cryptocurrency or fiat currency. Node confirmations and blockchain network load determine the deposit time required to reach Bityard wallet. There is a $2 USDT fee for withdrawals during the current promotion period. Withdrawals are processed in less than an hour, and the minimum withdrawal limit is $50 USDT.

Although the fees for trading are generally competitive, they are not the most affordable. The fees are relatively low when compared to Bithumb and other exchanges.

Is BitYard regulated?

We are all aware that very few exchanges are regulated. BitYard is regulated by 4 jurisdictions, meaning traders can use it with no worries. BitYard is the first platform to offer its services to traders looking for an easy-to-use contract exchange platform. This broker is regulated by the following authorities:

  • AUSTRAC Australia
  • American Money Services Businesses
  • Estonia’s MTR for the European Union
  • Singaporean Accounting and Corporate Regulatory Authority

Security

Bityard claims that the platform uses several security measures to protect funds from fraud and theft. Two Factor authentication (2FA), multiple offline signatures and cold storage of client assets are some of the security measures.

It can be difficult to verify security measures on crypto exchanges. Users should do their research and only lose what they can afford.

Conclusion

BitYard, a trusted crypto-contract trading platform, allows its users to access great services via its unique platform. Its brand philosophy is SIMPLE, which removes all complexities in the trading of cryptocurrency and other financial assets.

All customers are welcome, regardless of trading experience. Even beginners will find the interface easy to use and intuitive. Professional traders will also find many outstanding features. BitYard is a complete package for its users.

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