Bityard: A Complete Beginner’s Guide To The World’s Leading Cryptocurrency Contracts Exchange

How to sign up for Bityard Cryptocurrency Exchange

To get started on Bityard exchange, you have to visit the platform’s official website at bityard.com. Then click on the “Get Started” icon, where you will be taken to a page with two options to register on the platform. The first one is email registration, and the other is mobile registration.

In our case, we opted for the mobile registration since it’s easier. We advise using the mobile phone to access the website, and once you enter your phone number, a verification code will be sent that you will enter before setting your password and clicking on “Register.” For email registration, enter a valid email address, swipe the verification page, and you will receive a verification code that you should enter and solve a simple puzzle. Enter your password and click on register. Your account will get registered immediately, and you will be taken to the dashboard.

Once signed in, proceed to secure your account by clicking on the icon marked on the image below and selecting account security. You will find the option to set a pin that is required for withdrawal verification. You will see the option to set email verification to on, however, this isn’t necessary if you signed up using your mobile number.

The next step is verifying your account to be allowed to deposit, trade, and withdraw on the platform. You can choose either a passport or an identity card for this process. Whichever you choose, follow the steps listed by providing your real name, ID number, uploading a photo of both sides of the ID, and a picture of you holding the ID next to your face and then click “Confirm.”

The next step is depositing on the platform. On the top bar click on “Assets,” a drop-down menu will appear. Proceed to select “Deposit.” This will take you to a page where you will see the available options for depositing, including USDT, BTC, ETH, TRX, and EOS.

Once done with depositing, you can begin trading.

Bityard Trading Dashboard

Once logged in, proceed to click on “Trade” on the top bar, and you will be taken to a very simple interface that is easy to navigate even for beginners. You will see all the available options that can be traded against the USDT. You will also see the price of the coin, the 24-hour change, percentage change, highest and lowest value achieved in 24H, and the volume within the period. Below you can see the line chart with 1 min, 1 hour, 1 day, 1 week, and 1-month candlesticks. On the bottom left, you will see a yellow icon that allows you to switch between live and demo trading.

As a beginner, it’s advisable, to begin with the demo version to familiarize yourself with the platform. For the demo, you will be awarded 100,000 USDT. On the right side of the dashboard, you will see a box where you can place your trade (buy or sell ) by setting how much leverage you want, increase your initial margin and set stop loss and take profit targets.

On the right top corner, you will see a settings tab that allows you to set take profit and stop ratio and a few other options.

Once you have everything set, a Bitcoin contract will appear below the Buy tab, which you can take a closer look at to see the details of the contract.

Also, on the top bar, there is a “More” tab with a detailed explanation of contracts and FAQs, which you can refer to if anything isn’t clear. With everything set now, it’s time to place the trade by clicking on the “Buy” tab, select confirm, and your order will be placed.

Mobile App

In case you find yourself away from your PC, then there is no need to worry since Bityard has a mobile app that can be accessed from the Google play store for android users or APP Store for iPhone users. On the app, you can pull up charts, place trades, and even monitor positions.

However, we found a few complaints online from users of the app based on functionality issues; therefore we believe the company has some improvements to make on this app if it is to offer convenient services for its users like the web version.

Order Types

There are two order types on Bityard; that is Market order that allows one to place an order at the exact market rate and the limit order where you place an order that will be executed once the price reaches the mark.