Bityard Review: Derivative trading for everyone
It is well known that derivative trading is hard and many people have lost money by trading derivatives. The main reason for this has been that, popular Derivatives trading platforms such as Bitmex don’t cater to retail traders but rather professional traders only.
But Singapore based derivative trading platform, BitYard is soon going to change that. Bityard has a simple philosophy, complex contract, simple trade. The platform is designed to be familiar for new users so that users coming from other forms of trading (such as spot and margin) feel directly at home.
Platforms such as Bitmex and ByBit are successful as the market for professional traders is big. Now, when we say the market is big, we don’t mean in terms of the number of people, but rather in terms of the total volume generated. That’s why current platforms are only focussed on professional and institutional traders.
The majority of the retail investors trade in Spot and margin but are interested in derivative trading (including me). The only problem with the current platforms is that the learning curve of current platforms is very high which causes the new investor to lose money due to lack of understanding.
Bityard understands this problem and is solving it with its unique UI which allows any cryptocurrency trader (both retail and professional) to feel comfortable.
Comparison of Bitmex and Bityard UI – Notice how simple Bityard is
Advantages of Bityard
As a relative newcomer in the derivative trading space, Bityard does have a few advantages over its peers. They are-
- Fiat and Multiple Cryptocurrency support
One of the advantages of Bityard over other derivatives platform is the support for fiat currencies and multiple cryptocurrencies. Bityard has its own OTC desk which caters to both retail and professional traders. Moreover, Bityard support 7 cryptocurrencies – BTC、ETH、XRP、USDT、TRX、HT, EOS.
- Regulatory compliance from multiple countries
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.
- Lowest Trading Fee
Bityard supports the lowest trading fee of any major derivatives trading platform. Their current fee is just 0.05%.
- Attractive offers for KOLs
Bityard has one of the most attractive offers for KOLs which includes,
- 40% rebate as referral commission
- Monthly KOL salary
- User joining bonus
Bityard recently signed up Buakaw Banchamek, the Thai boxing champion, as its brand ambassador.
Do check out the Bityard platform at https://bityard.com/
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
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