𝔹𝕚𝕥𝕪𝕒𝕣𝕕 is an exchange launched in 2019 in Singapore and which allows for leverage. I remind everyone that before starting to do Margin Trading with leverage you must first understand how it works. After understanding the mechanism, it is time to choose the platform. The exchange makes its simplicity its strong point so in this article, in a fairly linear and simple way, I will explain all its main functions. This exchange, unlike other platforms of this type, is known for its simplicity so it is very useful for those who want to leverage without getting lost in too complex screens. It is based on USDT (as a pair). Contract trading allows users to access huge amounts of capital by leveraging leverage. The platform's ambassador is Buakaw Banchamek, a Thai thaiboxe champion.
"Life is really simple, but we insist on making it complicated"
▇Security: anonymity, 2-factor authentication (2FA), cold storage, full money back guarantee, regulated licenses (MSB USA, ACRA Singapore, AUSTRAC Australia, MTR Estonia)
▇Easy of use: quick registration and the ability to trade from USDT 5
For sign-up: Bityard (also available app for Android and Apple)
REF LINKS AND PROMOTIONS
In addition to an interesting ref link system (60% commission on all trading fees) it also features bonuses in USDT for each step you perform:
1) 1 USDT (set username)
2) 1 USDT (bing mobile phone or mail)
3) 2 USDT (conduct a demo trade)
4) 2 USDT (conduct a live trade)
5) 8 USDT (surpass 10,000 in trading volume)
6) 18 USDT (surpass 50,000 in trading volume)
7) 38 USDT (200,000 surpass in trading volume)
8) 188 USDT (surpass 1,000,000 in trading volume)
First deposit: 0.5 BTC = get 50 USDT
To set the username and change other options of your account just go to the top right (little man with yellow box), where we will find:
✅Account Security (commission rate, nickname, pin to withdraw, password, real name authentication, eMail authentication, SMS authentication)
✅Promotion (step we have seen above to receive bonuses)
✅Affiliate (based on the users you have invited)
In "Asset/My Asset" you can read the supported assets (USDT, BTC, ETH, XRP, TRX, EOS, ALGO, ANT, ATOM, ADA, BAT, COMP, BAND, DOT, DASH, ENJ, FIL, KNC, LRC, LTC, MANA, LINK, ONT, MKR, OMG, REN, SAND, UNI, STORJ, XTZ, XLM, YFI, ZRX, BYD: deriving from mining). Still in the same section by pressing on "deposit" you can choose the crypto and the chain (supported for the moment: USDT, BTC, ETH, XRP, TRX, EOS).
For the withdrawal, as mentioned, the pin must be set. Everything is very simple and intuitive.
BYD is the cryptocurrency of the Exchange (a bit like BNB on Binance) and 6 are obtained upon registration (the supply is 210 million). In fact, another interesting function is daily mining. The rewards obtained can then be placed in the Trading account.
Two modes: 🅻🅸🆅🅴 and 【ＤＥＭＯ】
Going to the Trading (Contract) section, on the right you can set the leverage (from 5x to 100), on the left the crypto that can be traded.
The graph shows the timeframe: 1m to 30m, 1h to 12h, daily, weekly, monthly). Other features: daily high / low and traded volumes.
It is possible (like TradingView) to trace the "Trend Line", "Trend Angle", "Horizontal Lines", "Fib Retracement", "Pitchfork", "Brush", etc.
All the drawn lines are customizable by changing color and layout.
Below we read: the open positions, those in pending (for orders) and the history of the Trade. The functions are then the classic: buy (long) and sell (short). In "Limit" I choose when to start the order (at a certain price, it will end in pending).
In "Set TP / SL" it is possible to set "stop loss" and "take profit".
To exit the position just click on "close". This mentioned is the "🅻🅸🆅🅴" mode, at the top right you can switch to the "【ＤＥＭＯ】" one.
Another thing that must absolutely be underlined is the support (present both in the internal chat and in the various social networks where the exchange is active).
Twitter page: Bityard
For those who have never done trading (in leverage), what better platform to start? As we have seen: safety, regulations, ease of use, excellent bonuses, low fees.
Try to make a comparison with Bitmex and you will notice the clear difference between the two platforms. Obviously, despite its "simplicity", this exchange can also be used by more experienced users. We could call it the "Coinbase" of leveraged trading!
░T░h░a░n░k░ ░F░o░r░ ░R░e░a░d░i░n░g░
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