Good morning Publish0x community and welcome to a new article dedicated to the latest contest of this blog! Publish0x has given this new opportunity to us authors to try a new contest dedicated to BitYard!
When it comes to exchanges, BitYard and its philosophy does not go unnoticed: Grow Your Future In The Yard.
One-stop technology allows any operation to be carried out directly from the platform itself: in addition to crypto, Futures have been introduced. With one platform we can manage all markets!
BitYard is based in Singapore and it was founded in 2019. It already counts more than 150 countries to which it offers various services as a Broker/Exchange. The structure is solid and to be able to manage many world countries in full compliance with current laws, it has obtained licenses from:
- American Money Services Businesses (MSB).
- Singapore Accounting and Business Regulatory Authority (ACRA).
- Estonia's Business Register (MTR).
- Australian AUSTRAC.
As you can understand, having those licenses lead us to think that this exchange is legally safe and safer than other; obviously the management of funds is the direct responsibility of the operator and that goes beyond mere legal certifications.
On BitYard, you can really find all the cryptocurrencies you want!
Lately we've seen the rise and arrival of many exciting new projects. There are several that I'm keeping an eye on. Today I wanted to share with you two coins that I think will stand out in 2022. You can find these coins just fine on BitYard (https://www.bityard.com/en-US/markets) as well. I'm talking about Fantom (FTM) and Terra (LUNA).
As for the general market situation, I think many have been surprised by the recent crypto market depreciations. This 2022 has started off on a negative note for Bitcoin, which is posting a loss of about 20%, after having reached a minimum of -29%.
In my opinion, we could still see a downtrend and accumulation phase, before we see the market really bullish again towards Q2/Q3 of 2022. Many are screaming bear market, but on a macro level we are still totally bullish. Moreover, a whole series of circumstances, such as the buying and entry of many institutional and whales into the market, also suggest that the real bull run is yet to come.
I believe that coins related to the NFT world and metaverse will also give us satisfaction in this 2022. I am looking at coins from major metaverses such as The Sandbox (SAND), Decentraland (MANA) and Enjoin Coin (ENJ). I am very attached to the last one, as it was one of my first coins I started investing and trading on in 2017/2018.
In order to start using the exchange, you must perform a cryptocurrency purchase at first, as BitYard does not directly deals with fiat currencies and legal tenders. The platform provides 3 providers for purchase that are: Banxa, Transak, Ramp. (in the How To section I illustrate the various steps and possibilities offered). As mentioned above, since it does not handle legal currencies directly, it is not possible to purchase via credit card or bank account.
What about the trading section?
The part including trading is obviously the most complex of the possibilities it offers, but the Graphical User Interface (GUI) makes the procedure very simple. Various tabs make it very easy to navigate and open/close positions in various markets. The distinction between spot and futures is clear, in fact each section is well identified by a specific tab. Regarding futures, there are a few markets to choose from: cryptocurrencies, derivatives and foreign exchange.
In the futures interface, the use and application of leverage is very clear. Trades can be accessed directly from the main screen through the 'Markets' folder under the main tabs 'Futures' and 'Spot'; once the action market has been decided, to enter the trade section simply press the relevant button at the bottom of the row and write " trade".
Although it is a trading type, copy trading is a unique theme because there is a dedicated tab on the home page.
Competitive Fees
The fees of this exchange are divided according to the section in which we operate.
- Spot: 0.1% on trade size.
- Convert: 0.1% - 0.15% of the converted size.
- CFD: 0.05% (also considered the leverage and for long positions the duration in days is also included in the calculation).
- Derivatives: 0.025% (also considered the leverage)
Affiliate program
Like many platforms, as soon as you register, you are given an affiliate code.
The program is divided into two stages:
Simple affiliation with which we recommend several people to use this platform: with this type you receive 40% of the trading commissions of the person who joined.
The other possibility is that of multilevel, which offers the possibility to earn commissions indirectly.
In order to join this possibility, it is necessary to have an excellent affiliation performance and to request the administrators to join the "eContracts".
This recognition, in addition to giving the possibility to earn by publicizing the platform, allows you to achieve professional goals helped by professionals in the field.
BitYard has many key aspects that will make it one of the relevant exchanges into the market, thanks to many regulations it has already got and the wide market offer it provides.
If you are already using it, be sure to leave your feedback here in the comments, or otherwise, be sure to go to BitYard website to watch with your own eyes!
https://www.bityard.com/en-US/account/register?ru=m5K2Qs&f=publish0x
