I realized that the majority of the posts in the Bityard blog are about derivatives and contract trading but spot trading wasn't covered. This post was created with the purpose to cover all aspects of spot trading on the platform.
Why Bityard is the world's leading cryptocurrency derivatives exchange?
Bityard is the world leading cryptocurrency derivatives exchange, fully regulated and compliant with international laws, with the main activity in cryptocurrency contracts with leverage and derivatives exchange.
The user friendly platform offers a complete range of tools, spot trading, contract trading for cryptocurrencies and derivatives. Bityard's interface is available in nine different languages with non-stop customer support via email and live chat.
The exchange operates with licenses from four different countries: The USA, Australia, Singapore, and Estonia. This are the Singapore’s ACRA (Accounting and Corporate Regulatory Authority), The American Money Services Businesses (MSBs), Estonia’s MTR (Register of Economic Activity) for the European Union, and the Australian Transaction Reports and Analysis Centre (AUSTRAC)
Spot and Contract Trading
Stop trading is not the only available market on the exchange. Contract trading for cryptocurrency and derivatives allow the investors to forecast on the price of assets, involving leverage.
Spot trading is the trading that allow investors to buy and sell cryptocurrencies directly with other investors. The transactions will settled instantly if the demand is matched by an existing offer. The coins and tokens from the exchange account can be used or new ones can be bought. If the demand is matched by an offer, the trading engine will automatically settle the trade. All transactions are done in a paring with Tether (USDT).
By selecting "Optional", the trader can customize his crypto list. Selecting "All" will show all the available coins and tokens, while selecting "DeFi" will show only the decentralized finance assets. The "POS" will show only cryptocurrencies with Proof-of-stake and the "Gray" tab will show the hot trades.
How to buy/sell
The below scenario will use 1inch,a DEX aggregator with the best prices on the market, as an example. To buy 1inch, in green, the trader must select the desired amount and click the "Buy" button. To sell, in red, the trader must select the amount of 1inch he/she wants to sell and click the "Sell" button. Both the selling and buying amount can be customized from the percentage line, by clicking any amount between 0% and 100%.
What makes Bityard special?
There are 44 cryptocurrencies available: 1inch, AAVE, Cardano (ADA), ALGO, Alpha Finance (ALPHA), Aragon (ANT), ATOM, BAND, BAT, Bitcoin (BTC), Compound (COMP), CurveDAO (CRV), Civic (CVC), DASH, DOGE, Polkadot (DOT), Enjin (ENJ), EOS, Ethereum Classic (ETC), Ethereum (ETH), Filecoin (FIL), The Graph (GRT), Kyber Network (KNC), LINK, Loopring (LRC), Litecoin (LTC), Decentraland (MANA), Maker (MKR), OmiseGo (OMG), Ontology (ONT), REN, SAND, Synthetix (SNX), Decentralized cloud storage (STORJ), SUSHI, Tron (TRX), UMA, Uniswap (UNI), Nexus Mutual (WNXM), Stellar Lumens (XML), Ripple (XRP), Tezos (XTZ) and Yearn Finance (YFI). New cryptocurrencies are listed constantly, as the Bityard exchange evolves with the current DeFi demand.
Bityard engine is the fastest on the market, processing up to 1 million transactions per second. The exchange is available for both mobile (Android & IOS) and web, and has the lowest transaction fees. The platform aims for constant development and enhanced customer satisfaction.
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