Introduction
For the first time ever, the market capitalization in cryptocurrencies has hit an all-time high of 1.6 Trillion US dollars (coingecko.com). In addition, Bitcoin and many other altcoins are trading at their all-time highs. Clearly, this is evidence of the growing demand by individuals and institutions to invest in crypto assets. With heightened interest in crypto assets, so is the need for trusted platforms on which to trade, exchange, sell, buy and store said assets. Those who wish to involve themselves in the investment of crypto assets must make themselves aware of the different platforms available and how they can leverage that knowledge to their advantage.
This article will focus on highlighting two distinct features of Bityard that you will probably not find on any other major trading platform on the market. Some platforms may have one of the features, but not both.
Brief summary of Bityard
Just in case you are not familiar with Bityard, here is a brief introduction. Bityard is the leading cryptocurrency contracts exchange in the world. It is headquartered in Singapore. Its services are available in more than 150 countries around the world. It operates under a multi-national regulation and licensing framework in Singapore, the United States of America, Australia, and Estonia. Currently, the platform has more than 100,000 registered users.
Bityard offers a welcome bonus to new users. The welcome bonus can accumulate up to a sum of 258 USDT. Rewards are offered to new users who fully complete their registration and pass different levels in terms of the trading volume.
Two things that make Bityard better than other platforms
Now that you are familiar with the Bityard platform, let us get into the two unique features that make Bityard a superior trading platform when compared to other platforms.
- Demo account
Once you are a registered user on Bityard, you automatically get a Demo account that is loaded with 100,000 USDT. This is not real money. Bityard also has the option of a Demo account that allows users to test their trading strategies or acquaint themselves with the platform without running the risk of losing their funds. A Demo account is meant to simulate a real trading experience. It allows someone to make real-time trades with fake money.
Users can switch between a Demo account and a live account at the top-right corner of the user interface. A Demo account is a safe way for someone to learn how to trade. Even experienced traders can use the feature to test their trading strategies to see how profitable they are.
- Copy Trading
One of the most outstanding features of Bityard is the CopyTrade feature. This feature allows users to simply follow and copy other traders’ positions. It is a feature that enables less experienced traders to benefit from traders who are more experienced. With Copy trading, even amateur traders can trade like professional traders. The best part about this feature is that the person who is copied gets to share in the trade profits. Traders get 8% of the profit from the followers’ orders. Therefore, there is an incentive for experienced traders to share their positions so that they can be copied.
How to copy trades
Users can copy trades by going to the app and select which traders to follow in “community”. On the copy trade page, the user can set the method and amount. It is important for the user to browse through the list of traders and choose which trader meets their profit objectives and risk profile. Also, remember that there is no additional cost to you for copying a trader.
Conclusion
Bityard is a trading platform that wants to make trading easy, and this article has highlighted just two of the features that make trading on Bityard easy. the two features are Demo account and Copy Trading. These are features that you will most likely not find on other trading platforms.