The cryptocurrency market went through a resurgence recently when the price of Bitcoin seared its all-time highs, with investors ringing in the dawn of a new positive sentiment. This event was made even more spectacular with Bitcoin and the rest of the altcoins maintaining their price points for weeks on end.
In the midst of this bullish atmosphere, organizations like Bityard have taken it upon themselves to improve the overall customer experience. The first step in this process was the launch of the native copy trade system where new entrants would be able to utilize the trading expertise of veterans.
Bityard made a name for itself in the cryptocurrency industry by launching products that cater to the explicit use of users. Adhering to the concept of “complex contract, simple trade”, Bityard has ensured that the latest developments are onboarded into their roster so that no trader is left behind in the lurch. The copy trading mechanism acts as a channel for experienced traders to interact with greenhorns and pass on their knowledge and trading methods.
According to Bityard, the copy trading feature greatly reduces the difficulties of contract trading on the platform. All they have to do is choose a trader whose actions they want to copy and voila, the trade patterns will be replicated. In an official release, the cryptocurrency exchange stated:
“On Bityard, when a user starts copying an advanced trader, there is no more action needed to take for the user afterwards. The trader who is copied will conduct an in-depth crypto investment strategy and start trading for all other users who copy the trader. The appearance of Bityard copy trade function also helps beginners to learn advanced investment strategy from either experienced traders to improve their skills and quickly enter the highest level.”
The copy trading feature includes levels within itself where traders are divided into two separate categories: ordinary merchants and star merchants. A merchant in the ordinary category will enjoy a copy trade commerce revenue of 8 percent while a star merchant will take home a 10 percent commission. Ordinary category merchants are required to complete their KYC authentication where the cumulative recharge quantity is greater than or equal to $500.
Merchants in the star category have the opportunity to be promoted just based on how they impacted another merchant’s trade. Traders also have the option to directly become a star trade by following a few simple steps. The 10 percent of commerce revenue is one of the highest in the industry with Bityard continuing to stick with the ‘user first’ strategy. The aforementioned features is one of the few things that make Bityard alluring to investors and traders alike. Bityard further assured users that more developments are in the pipeline as more people contemplate entering the industry.