Cryptocurrencies are highly volatile digital assets. The daily highs and lows are far greater in intensity than any other tradable asset. This creates an opportunity for people to capitalize on the gains and mitigate their losses on value shedding. Buying highs and selling lows makes for an excellent way to make profits and increase assets at the same time.
However, trading is much more complex than that. There are trends to consider, trading margins, leveraged products, derivatives and much more. Instant access to the right development is also crucial. Not everyone is privy to these.
Paper Trading by Bityard
There are hundreds of thousands of people around the world that would definitely love to start crypto trading to increase their funds and profits, but lack of knowledge and in accessibility to the right information means that they are cut off.
Bityard, however, lowers the barrier and opens up the whole crypto trading world to everyone with its paper trading feature. The year 2020 has been a roller coaster ride, with cryptos seeing lows that were opened up the possibility of another crypto winter, but only to defy and now seeing their highs that are touching their 2017 all-time highs. In the midst of all this, the COVID-19 has fueled interest in decentralized finance as trust in fiat falls low. Paypals support for cryptos recently also has pushed the interest in cryptocurrencies, further driving demand and value.
The paper trading means that Bityard users don’t need to worry about making the right trades. They can simply select a trader they believe is good at his or her job and let Bityard shadow their moves. The service is safe, transparent, and convenient to people with limited knowledge of crypto or trading. This way, the make profits, and the trader also generates a little too with a cut for his services.
Compliant, Safe, Popular
Bityard is one of the leading crypto exchanges that serve traders from around the world. With a license from United States Financial Supervisory Authority (MSB), Australian Transaction Reporting and Analysis Center (AUSTRAC), Business Administration of Singapore (ACRA), Estonian Financial Regulatory Authority (MTR), Bityard is one of the few crypto exchanges that offer a legally compliant and safe environment for traders.
To start your crypto copy trading, sign up here. You can then deposit assets, select your preferred trader, and sit back and enjoy.