Bitcoin

How to Trade BTC on Bityard

Bitcoin, created in 2008 by Satoshi Nakamoto. Is it still unclear if this was the name of a group or a single person. In 2009, Bitcoin was released as open-source softer and began the journey that leaded to a $50,000 all time high on the 16th of February 2021. The new value topped the one on the 8th of February 2021 at $43,878 achieved after Tesla invested in Bitcoin.

Bitcoin (BTC) is the largest cryptocurrency measured by market capitalization and amount of data stored on its blockchain, and is forecasted to continually expand.. Due to the market capitalization and global implementation, Bitcoin is the most traded cryptocurrency, in spot or contract trading. The Crypto Contract layout makes it easier for traders to select crypto contracts and gain profit depending on the market.

Tesla Boost!

On Monday, 8th of February, Tesla announced they bought $1,500,000,000 worth of Bitcoin (BTC) as a method to diversify and maximize cash returns. As an instant result, the price of Bitcoin surged from $38,000 to $42,000 in matter of hours.

Contract Trading

The contract trading is the method of trading that aims to gain profit from market volatility. This method allows the user to forecast if the price of an asset will go up or down, involving leverage.

The traders are not buying or selling the asset, only speculating the price and forecasting if the value will go up or down. Contract trading can bring profit quicker than holding assets but the risk involved with this type of trading is higher. Bityard has two different types of Contract Trading: Cryptocurrencies and Derivatives.

The Contract trading is different from spot trading. The trading instrument called contract allows the investor to trade on the price movement of the cryptocurrency, at a future date or and at the desired price. It involves leverage and therefore the traders are not buying or selling the asset, only speculating on the price movement. With a trading fee set at 0.05%, Bityard has trading fees lower than the industry’s average.

In the below scenario, I am forecasting that the Bitcoin price will go up. Selecting “Long” will open the contract, at the current value of $38689,88 and profit will be generated if the price goes upwards. 

For this transaction I set the leverage at 25x, using 5 USDT for this contract. The 0.05% fee was added to the order. Once confirmed, the Bitcoin contract will appear in the bottom of the dashboard, under the “Positions” tab. The contract details will include the name of the cryptocurrency, the leverage, the chosen margin, opening price and opening time. 

For this transaction I set the leverage at 25x, using 5 USDT for this contract. The 0.05% fee was added to the order. Once confirmed, the Bitcoin contract will appear in the bottom of the dashboard, under the “Positions” tab. The contract details will include the name of the cryptocurrency, the leverage, the chosen margin, opening price and opening time. 

Why Bityard is different?

Bityard engine is the fastest on the market, processing up to 1 million transactions per second. The exchange is available for both mobile (Android & IOS) and web, and has the lowest transaction fees. The website interface is available in nine different languages with customer support 24/7 via email and live chat.

About Bityard

Bityard is the world leading cryptocurrency derivatives exchange, fully regulated and compliant with international laws, with the main activity in cryptocurrency contracts with leverage and derivatives exchange.

Bityard operates with licenses from four different countries: The USA, Australia, Singapore, and Estonia. The following licenses are regulating the exchange activity: the Singapore’s ACRA (Accounting and Corporate Regulatory Authority), The American Money Services Businesses (MSBs), Estonia’s MTR (Register of Economic Activity) for the European Union, and the Australian Transaction Reports and Analysis Centre (AUSTRAC)

Bityard

BitYard, founded in late 2019 and headquartered in Singapore, is the world’s leading cryptocurrency derivative exchange. As one of the fastest-growing exchanges, BitYard has continuously improved its platform to bring BitYard users many advanced trading services. With the current company slogan "Grow Your Future in the Yard", BitYard is fully committed to helping global traders to invest in their own future through its one-stop financial trading services.

Share
Published by
Bityard

Recent Posts

Get Your Business’ Finances Back On Track As Soon As Possible

If you are keen to make sure that your business is as successful as possible,…

1 hour ago

The Chronicles of Lynus Woo: Interests, Talents, and History

The Personal Trainers industry’s market size is valued at approximately USD $10.5 billion as of…

1 hour ago

What Are The Smart Ways To Save Money on Your Tech Gadgets?

The ideal thing that you can do right now is to find a clever method…

2 hours ago

CryptoSlots’ Success Expands with New Game “Go for Gold”

The global gaming industry is estimated to have a compound annual growth rate (CAGR) of 10.5%…

2 hours ago

How to fix a cracked laptop screen?

A laptop just doesn't have its advantages. Because of its mobility, it is also more…

2 hours ago

Micro Rockets – the Future of Space

A small launcher, or a micro rocket, is a small, lightweight spacecraft that can only…

3 hours ago