Getting started is simple, with low trading fees and entry levels that make it easy for those who are just getting into the cryptocurrency space. It’s user friendly and the interface is designed to be as simple as possible, making it easy to input commands. But that’s not all because it also offers mining fee deductions to help cut down on the already low 0.05% transaction fees. This can make it, even more, cost-efficient for those who want to get started with a new platform. And there’s plenty of deposit options to help you get your first trade going as well.
Bityard offers deposits in fiat currency, which is not as common as you might think with many cryptocurrency platforms. It also offers seven different cryptocurrency deposit options. This is more than the average, which other platforms offer. In fact, most other platforms offer a maximum of five different deposit currencies. What this means is you’ll have a much easier time getting the current currency that you have put into the platform so that you can start trading right away. While these are all more mainstream currencies, it’s still a benefit over what you’ll find in most areas.
Security features are another important aspect and there are plenty available with Bityard. For example, you can set up two-factor authentication as well as multiple offline signatures. Not only that but you’ll be able to use cold storage for your assets, which makes them less susceptible to hackers and those who are definitely not acting in your best interests. It uses real-time risk audits and there’s even a full refund warranty and stop-loss and take profit compatibilities. All of these things protect your assets and your account as well as protecting you and your investments while you’re getting started.
What is Copy Trading?
So, just what is Bityard offering in the way of copy trading? And what is copy trading in general? Well, copy trading means that you can locate an experienced trader that matches your trading style or risk level and you can choose to set a system to copy their trades. This makes it easier for those who have absolutely no crypto experience to start making trades and start earning some return on their investment. It also makes it easier for them to learn more about what’s happening in the market and to get more comfortable making their own investments.
With Bityard you can choose from several of the top investors on the platform. Then, you can copy their trades to make sure you’re getting a return. Even better for them, the traders who are being copied will get additional revenue if they make good trades and others are copying them. This incentivizes them to offer their profile to be copied and also incentivizes them to make good trades. Not to mention more beginning users are able to get a good start on their trading process and to earn even more as they’re still getting the hang of things.
At this point, Bityard is only offering the copy strategy and making it more beneficial for all of those involved, but they plan to continue advancing the system even further. In fact, they plan to create a social networking function that will allow copiers and traders to better communicate and interact. Though this is not currently in position, the future means that it could make the interaction between these two types of investors even more positive and help to foster even more users on the platform. This would occur as new users are able to get support and advice from more advanced users.
If you’re ready to get started with Bityard for yourself you can do it quite easily. All you have to do is register for an account. You can do that by going directly to the website and clicking to get started. You’ll get the option to register one of two ways, either by email or by your mobile device. From there, you just fill in the required information and get your verification code. Once you get the verification code you’ll be able to register. That’s all there is to it. You’re already signed up and you can actually get a bonus, which is offered in a number of different ways.
At this point, you’re also able to deposit money using whatever current system you have. You get to check out the different crypto wallets available on the platform and send your money to the correct one. You can do that with the deposit address or you can do it with the wallet QR code, just make sure that you’re double-checking any information that you put in so you don’t accidentally lose your coins by sending them to the wrong place. There’s no way that you can get them back once you do.
Once your money is deposited you’re ready to start making some trades or executing transactions. Or even copying one of the more advanced traders. All of the information you need about this process is available on the platform. In fact, you might be surprised at just how simple the entire process is and what it takes to get you from a total beginner to feeling more confident. Before you know it you might be checking out how to be a trader that gets copied rather than being the one who is doing the copying.
With Bityard you’re going to have a number of advanced features and you’re going to have a number of benefits, including the security features. You will have to consider the fact that the regulations mean there is less anonymity and the withdrawal method may not be ideal, but the copy features, as well as all of the other options you’re going to get, can counter most of that. All you have to do is create an account of your own and you’ll be able to start getting into the cryptocurrency world before you know it.