BitYard Review 2023 in the UK: Legit and Safe or not
BitYard is a popular exchange providing the opportunity to trade in cryptocurrencies and derivatives. The young and ambitious site is steadily gaining popularity among clients and has become the main platform for many traders to conduct transactions with cryptocurrencies. Read about the features of the exchange in this detailed review.
What is BitYard?
BitYard is a Singapore-based exchange that launched in 2019. It focuses on cryptocurrency derivatives and supports major international languages: English, Russian, Vietnamese, Korean, Japanese, Indonesian Portuguese, Spanish and French. The exchange provides a variety of services in addition to currency exchange and has a reliable security system.
Users can work on BitYard with cryptocurrency and cryptocurrency contracts - derivatives. The latter are financial contracts to buy cryptocurrencies at a specific price and, although for many users this direction seems complicated, in fact, BitYard significantly simplifies the process and makes it as simple and comfortable as possible for users with different trading experience. A large arsenal of functions and their simplicity is the key advantage of the exchange, which attracts clients to it.
In addition to the aforementioned areas for trading, you can also note other opportunities for traders:
- Margin trading with a leverage from 5x to 125x.
- Overnight function that allows you to keep orders open for a long time with an additional fee.
- Fast exchange of cryptocurrencies between your account balances.
How to start use BitYard
In order to start using the exchange, it is enough to go through a simple registration procedure
To unlock the full functionality of the platform, you need to enable the two-factor verification system and go through the KYC procedure.
One of the clear advantages of this exchange is a user-friendly interface. The platform provides different variations of the toolkit, which is equally convenient for experienced users and novice traders.
It should be noted that the BitYard exchange has extremely low commissions for trading operations. When exchanging the user will be charged a commission of 0.05% and the commission for the spot is 0.1 - 0.3%.
Partners of the exchange are offered to earn a profit of up to 40% of the commission fees for transactions of referrals. In order to make a profit, you need to invite a trader using a unique affiliate link, which becomes available after registration on the site. The more referrals you have, the higher your earnings will be, so the affiliate program can be used as a good opportunity to generate additional income.
The administration of the exchange BitYard.com has carefully approached the organization of technical support service, which works quickly enough (as evidenced by the customer reviews presented about BitYard.com). First of all, it is worth noting that the site has a detailed section with questions and answers for users, which allows you to find the information clients are interested in.
If the data in this section is not enough, then you can contact the consultant through the form on the site. It is also possible to contact by e-mail or through a Telegram-account. Additional information can be obtained by the client on the pages of the exchange in popular social networks.
Social Media links
Any exchange carries risks, so we remind you that you are personally responsible for all transactions and it's up to you to decide whether to use this product or not. Be careful. This is not an invest recommendation.
Which service providers provide Fiat deposit services on BitYard?
Currently, our Fiat Gateway partners include Banxa, XanPool, Transak, Ramp, Paxful, Mercuryo.
What kind of payment methods are accepted?
Electronic fund transfers, Visa/Mastercard credit, debit cards and cash deposits (limited to certain areas).
Bityard is a cryptocurrency trading platform that offers traders all the necessary functionality for comfortable execution of transactions with cryptocurrencies and derivatives. The reviews about Bityard presented in the network indicate that the platform is used both by experienced traders and beginners, who are attracted by the multilingual friendly interface, the ability to quickly register and perform the necessary trading operations.
It is important to note that the exchange BitYard carries out its activities completely legally and provides high security for customer funds, which is ensured by storing coins in "cold" wallets. To date, the exchange has not been noticed in any scandals and theft of funds from its accounts, so it gives the impression of a reliable place for operations with cryptocurrency.
BitYard Review Summary
We have analyzed key features of BitYard based on 3 important criteria for choosing crypto exchange:
Based on researches and our own tests, we have made an independent rating.