Bityard Review 2020
Bityard is an online cryptocurrency exchange that gives its clients access to trade multiple cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin, XRP, and more through its proprietary trading platform.
Bityard Review 2020, Pros & Cons
- Multiple cryptocurrencies
- 24/7 customer support
- Intuitive trading platform
- No MetaTrader platform
- Cryptocurrency trading only
- Limited funding options
- Lack of trading tools & educational resources
- No contact telephone number
In this detailed Bityard review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Bityard is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Bityard.
Bityard Review: Summary
Bityard is an exchange that was established in 2019 and is based in Singapore. The main products offered by the exchange are leveraged trading instruments on numerous different cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin, XRP, and more. The base currency is USDT.
Bityard Review: Regulation
Bityard is regulated and licensed under Singapore’s ACRA, the 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.
The Exchange features 2-Factor Authentication (2FA), completely anonymous trades, multiple offline signatures, cold storage of assets, real-time risk audit, and more.
Bityard Review: Countries
The Exchange allows traders from different parts of the world to open a trading account with them, provided cryptocurrency trading is permitted in their countries of residence.
Some Bityard features and products mentioned within this Bityard review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Bityard Review: Trading Platforms
Bityard provides traders with the Bityard Trading Platform, which is available in two versions: web and mobile. The web version runs directly on the most modern web browser, while the mobile trading app is compatible with Android and iOS devices and can be downloaded from the respective app stores.
Bityard Review: Trading Tools
The exchange does not have any standalone trading tools at the moment.
Bityard Review: Education
The exchange has a limited supply of educational materials. However, there is an ‘Announcement’ section on its website, which contains updated news to keep traders informed on the happenings in the markets. There are also the beginner’s guide, contract guide, and the FAQ.
Bityard Review: Trading Instruments
Bityard offers leveraged trading on multiple cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin, XRP, and more.
Bityard Review: Trading Accounts & Fees
The exchange offers traders a live trading account and a demo account. The live account gives traders access to trade multiple cryptocurrencies via the provided trading platforms, whereas the demo accounts are solely for practice purposes.
Bityard Review: Customer Service
Bityard offers customer support through Live Chat, email, and social media, and they are available 24/7 on its website. There is no contact telephone number provided on the brokers website.
Bityard Review: Deposit & Withdrawal
The Exchange allows traders to deposit and withdraw funds from their trading accounts using multiple cryptocurrency wallets, including USDT-TRC20, USDT-ERC, USDT-OMNI, Bitcoin, Ethereum, TRX, XRP, EOS, and more. The minimum deposit is 15 USDT, the broker states to ensure that you enter the correct wallet address.
As broker fees can vary and change, there may be additional fees that are not listed in this Bityard review. It is imperative to ensure that you check and understand all of the latest information before you open a Bityard broker account for online trading.
Bityard Review: Account Opening
To open a Bityard trading account, you will need to click on the ’Register’ icon and fill out the form displayed thus:
Next, a verification code will be sent to your email; input the code and click on ‘Confirm’. You can deposit funds to your account and start trading online when you feel ready to do so.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Bityard Review: Conclusion
Overall, Bityard is a cryptocurrency exchange with a wide variety of multiple cryptocurrencies available for trading online via the proprietary trading platform. They operate from Singapore and offer 24/7 customer support.
However, they are limited to cryptocurrency trading with no forex, stocks or commodities. They also do not offer the popular MetaTrader platforms whilst they are lacking in educational materials and standalone trading tools.
The trading of cryptocurrency contracts involves a significant amount of reward or risk, especially with leveraged trading. Each client should trade with caution, conduct proper research on this market, and educate his or herself of the risks associated. Finally, never trade more than you can afford to lose.