Recently, as the prices of many mainstream cryptocurrencies keep going up, more and more investors are pouring into the market, including the beginners without experiences in investment.
Bityard made a name for itself when its officials assured its users that all traders, veterans or newbies, will be treated to the same features. The exchange received a boost when it launched its copy trading feature which allowed uninitiated users to follow the trading patterns of experienced professionals. The copy trading feature was launched on the back of its demo trading addition which garnered praise from the ecosystem.
About Bityard
Bityard, the world’s leading cryptocurrency derivatives exchange, provides customers from more than 150 countries with safe, simple, and fast digital currency trading services, including more than 30 types of crypto spots and more than 15 contract trading options. Popular currencies related to Defi (decentralized finance) are also available on Bityard.
Bityard has obtained financial licenses issued by four national institutions, which are: The Business Administration of Singapore (ACRA), The United States Financial Supervisory Authority (MSB), The Australian Transaction Reporting and Analysis Center (AUSTRAC), and the Estonian Financial Regulatory Authority (MTR). Bityard aims to create a safe and reliable crypto trading platform for global investors.
Copy Trading Services
Copy-trading involves mimicking the trading strategy or moves of another trader. Platforms that offer copy trading services enable traders to select a trader whose trading move is to be mimicked. As soon as the selected trader executes any trade, the same trade is executed on behalf of the first trader on their trading account.
The copy trading service is the best example for users who have no crypto-related background, as a new trader can benefit from an experienced trader’s knowledge and trading strategy.
On the Bityard platform, traders are divided into ordinary traders and star traders. They enjoy 8% and 10% of copy trade profit respectively.
Cryptocurrency Contract Trading
A cryptocurrency contract is a type of derivatives trading where you can have a margin account and trade with leverage. Instead of buying and holding the underlying asset, you can enter a position that tracks the value of the underlying assets and potentially profit when it’s going up or down.
Bityard combines real-time API-fed price data from Binance, Huobi, and OKEx to obtain fair and weighted price averages for Bityard users – this ensures prime price discovery at Bityard when compared to other margin trading platforms.
Conclusion
Nowadays, many trading platforms have launched products, which allows most investors to trade in an easier way. Each platform has its own features. On Bityard, most people with no financial background can become familiar with crypto investment in a short time. However, traders should choose the right platform according to their own needs.
Note: This article is for informational purposes only and should not be construed as investment advice. All investments come with some degree of risk.
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