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2021-03-23 00:48:50
What is Bityard?
Bityard is a cryptocurrency contract exchange operated by a Singapore-based fund. Currently, the floor has been present in more than 150 countries, including Vietnam.
Currently, the floor has obtained licenses from the United States, Singapore, Australia, Estonia:
- MSB (Money Service Business)
- ACRA (Accounting and Corporate Regulatory Authority)
- Estonian MTR
- AUTRAC (Australian Transaction Reports and Analysis Center)
Some of the highlights of the Bityard floor
- Supports many 2FA security features, multi-signature (Multi–Signature), the property is stored in a cold wallet, …
- User-friendly interface, easy to use to register for an account in just 30 seconds.
- Support for recharging with fiat money with many payment channels (MOMO, ViettelPay, …)
- Trade fast contracts with a minimum of 5 USDT.
- There are mobile apps on Android and IOS
- Leverage support from 20-100
- No need KYC
Fees for transactions
When you trade on the exchange, there are 2 types of fees: opening positions and swaps:
–Fee for opening a position = margin amount * (leverage-1) * 0.15%
–Swap = margin amount * (leverage-1) * 0.045% * number of days
Swaps will be charged 6:55:00 Vietnam time. Make sure you have enough balance left so you can deduct the swap if not Your order will be closed.
Instructions for registering a Bityard account
First you visit: https://CHK.com/go/bityard.
There are 2 sections to register by email and register by phone number. You choose 1 of 2 and then fill in the information.
After entering, click the Get code button to receive the SMS code. Finally press the button Registration is done.
During the registration process as well as use you will encounter the authentication below. You just need to drag to match the picture.
Bityard floor account security guide
Email link
For added security as well as being able to withdraw money, you must at least link your email. The first thing you need to do is enter the area Account and security at the top right of the screen.
Next in section Accuracy email you choose the button Link.
Enter the email you want to link and press the button Get the code. Enter the code sent to the email in the box Email code then press the confirm button is done.
You check all mail days including spam if you do not see email sent offline!
Property code
Asset passcode to use when your account is exposed and avoid withdrawal. If someone accesses your account illegally but does not have this password, you cannot withdraw money.
Also in the area Account and security you choose the button Setting at line Property code.
Next you enter:
- Login password password in the Password box
- The new password is the asset code
- Re-enter the property passcode to Confirm is done.
Instructions for loading and withdrawing
For Bityard exchange, the deposit and withdrawal are quite simple. Particularly for the loading section, there are 2 forms for you to choose from:
- Coin deposit is available
- Deposit with legal money.
Here I will show you 2 ways offline!
Coin deposit is available
First, you enter Account -> select Recharge. Next select the coin you want to load and chain name for USDT.
I also recommend using USDT because you both buy or sell contracts must use USDT. If you deposit other coins, you must also convert to USDT for trading.
Once you have the address of the coin you want to load, you just need to move it correctly to that address.
Note: When loading, remember to see the note about the minimum of each coin. For example USDT the minimum deposit is 15 USDT. Transfer XRP, then remember to enter the tag
Deposit USDT in fiat currency
For fiat money you choose the payment method and Quantity purchased. Part of the amount you can customize Buy according to the amount of VND or Buy by the amount of USDT.
Withdraw money on Bityard exchange
- First you choose Chain name: OMNI, ERC20 or TRC20. Then enter your quantity and USDT address.
- Next, enter the Asset Code. This code is the code you have set up above that security.
- Enter your email and get the code
- Finally you press the button Confirm is done.
Note: The minimum amount that can be withdrawn is 50 USDT!
Instructions for trading on Bityard
Introduction to the transaction interface
My trading interface is divided into 4 parts:
(first) – Coin contracts can choose the coin in this area when translated
(2) – Price chart of each contract
(3) – Area to place buy and sell orders (long / short)
(4) – Where you can keep track of the positions you have set
Instructions for placing trading orders
Install an order
Before placing orders, we set the stop loss, stop loss rate for the order and the swap. To install people click on the word Setting at the top right of the order area.
Everyone choose the profit and loss levels that suit their trading style. If you are only trading during the day, then there is no need to choose an Overnight Position (overnight fee).
Those who hold the order overnight must choose if not you will be closed at 6:55:00 Vietnam time home.
Place market orders on the Bityard floor
For market orders, the price will match directly with the market price at that time.
If you expect the price to go up, choose Buy (Long). If you expect the price to go down, choose Short. If the price goes according to what you predicted, you will make a profit.
Your leverage can be adjusted from 20x-100x depending on your strategy.
Remember, the greater the leverage, the higher the risk. For example, if you play 5 USDT but x100, it is equivalent to playing a 500 USDT position.
So when the price goes against the trend you predicted ~ 1%, you will lose that 5 USDT deposit.
Initial margin is the amount you want to play a position (I recommend playing only 5-10% of your initial capital).
Finally, you press buy or sell is finished.
Place limit orders on Bityard
The only difference is that you can place a price first. This means that you place an order to wait for order matching before it will take effect.
For example, if you predict the price of BTC to 10k it will collapse strongly, you place a sell order at 10K. If the BTC reaches it, it will match or not, you can only remove the order without losing anything.
Instructions to receive 258 USDT for free
Receive 4 USDT first
Modify username: In the section “Name“People click on the line below and enter the username you want, then press the confirmation button to get the first USDT.
Mail link, using this step I have shown so I can receive it too
Followed by completing a trade demo order, you will receive another 2 USDT, which is USDT.
To trade demo, you switch from Live Fort Demo at the bottom left of the screen.
Receive the remaining 254 USDT
For the remaining 254 USDT, you must deposit USDT to trade. You must reach a trading volume with hooks of 10,000 – 25,000 – 100,000 – 500,000.
It’s not easy to achieve, but if you hit well, why not try it!
Epilogue
Hopefully through the article, everyone has a better understanding of Bityard floor. In addition, CHK also has a discussion group about Margin Trading, which you can join by following the link: https://t.me/BTA_Margin_Trading.
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