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A new cryptocurrency exchange is capitalizing on the market gaps that other trading participants have failed to fulfill, while promising market-leading execution tools and institutional-level liquidity for users.
Its motto is singular and forward-thinking; making crypto trading simple while taking the “complexity out of contracts.” Bityard’s product goal is to offer complex contracts with a simple trading experience.
Making margin trading simple
Bityard, founded in late-2019 in Singapore, was built on the belief that existing solutions for margin trading popular and large-cap cryptocurrencies, like Bitcoin, Ether, Bitcoin Cash, and XRP, is not geared at beginners.
Simply put; while BitMex, Deribit, and similar exchanges offer a good product with world-class execution, they are not immediately intuitive for crypto newcomers. Both exchange boast millions in daily trading volume and are the mainstays of many crypto hedge funds.
However, Bityard wants to make the leverage trading process much more simple for the everyday cryptocurrency individual, or even mom-and-pop type investors looking for larger market exposure with lesser capital.
Bityard’s brand ambassador is Buakaw Banchamek, a Thai boxing champion. Banchamek’s popularity and influence will help propel the exchange to newer heights, and usher in millions of users to margin trading using simple tools.
Bityard’s mobile and online tools provide a simple, intuitive interface for users; including how much leverage to choose from, the amount of crypto to bet on a certain position, and very succinct buttons on closing a profitable position.
Signup to trading in 30 seconds
The end-to-end signup process takes no longer than a minute, cutting out the excessive and oft-days long process to sign up on popular cryptocurrency exchanges to deploying capital on personal accounts.
Users just need to provide either a mobile number or an email address to start. Once this is confirmed and ready, a secure, unique multi-asset wallet is immediately assigned and users can start trading.
Account-holders don’t even need a lot of money to start with. Bityard allows users to open $5 accounts, meaning everyone is welcome and can use all features of the exchange regardless of their economic standing. This increases and ensures financial inclusivity for everyone.
At present, users can fund their individual wallets with seven cryptocurrencies: USDT, BTC, ETH, TRX, XRP, XT, and LINK. Two fiat options are available currently, the Chinese RMB and Vietnamese VND, with support for more cash options on the way.
Depositing any currency is quick and requires fewer confirmations than other exchanges, allowing one to react “quickly to evolving market conditions.”
Trading is enabled as soon as deposits are complete. Attached below is an exchange snapshot, showing all supported…