BitYard, a
Singapore-based cryptocurrency derivative exchange, was founded in 2020. The
platform offers a variety of trading options, including: cryptocurrency, index,
foreign currency, commodity, cryptocurrency spot trading, copy trading and CFD
(contract for difference).
Among all, one of the most widely acclaimed function is copy
trading. Copy trading is a trending innovation on the cryptocurrency market.
With copy trading, even novices can enjoy trading easily. All you need to do is
observe professional investors’ public information, choose a trading strategy that
you approve of, decide on the transaction amount and then copy the selected
trade. Voilà! By
following professional traders’ investment advice and copy their trades, anyone
can start trading at once. Before starting to trade, you need to make a minimum
deposit of 5 USD. The amount is much lower than most trading platforms.
To a great extent, copy trading lowers the threshold of
investing in cryptocurrency for people without financial background. As for
advanced traders being followed by other traders, a commission of at least 8%
of trader’s revenue would be given to them for each successful trade. Copy
trading at BitYard not only benefits copiers, but also listed traders. BitYard
creates a win-win situation to make for a friendly trading environment for
every trader.
Instead of doing endless research from scratch on your own,
or spending a lot of money and time on expensive investment courses/workshops,
copy trading seems to be a more feasible way with a lower cost. It is also
timesaving. By observing and trying different trading strategies and then
choosing the ones that you approve of, users no longer need to spend a great
deal of time analyzing market trends before making transactions. For people who
are unfamiliar with crypto market or don’t have much time to do research, copy
trading is the best choice for you! When copying listed traders at BitYard, you
don’t need to open/close the positions on your own. The traders you follow will
finish the whole process for you.
Copy trading may also help to boost confidence since in the
world of copy trading, one doesn’t need to understand much about cryptocurrency
or become an expert in the field in order to start trading. Practice makes
perfect and plus, with the professional advice coming from listed traders, even
if you are a newbie in investment, you can enjoy trading as well! In the long
run, if you analyze past transactions and learn from experiences, chances are
you may successfully learn to incorporate different trading styles and discover
your own philosophy of trading. It appears that copy trading is really a good
starting point for new traders.
To make copiers reassure with trading advice provided by top
traders, BitYard implements a strict verification process to pick out
professional listed traders to make sure they are qualified enough. BitYard is
devoted to bring global investors a reliable and secure trading experience. Detailed
information about trading performance of listed traders will be shown to global
BitYard users. Visible information includes P/L ratio, profit rate, win rate in
30 days, accumulated followers and total trades in 30 days.
For both webpage and app users, there’s a search tag for
users to filter traders with different trading strategies. These tags help
label traders quickly and enable users to easily search for preferred
conditions accordingly. Optional categories include trading style (short term,
mid term, long term, high risk, steady, etc.), P/L ratio in 30 days (unlimited,
less than 20%, 20-60%, over 60%), and trading days. You can also adjust the
search results in a sequence of P/L ratio, win rate, profit rate or accumulated
followers. You can choose to follow a particular trader to keep the trader on
your radar. And of course, when the trader’s trading style no longer suits your
demands, you can always unfollow that trader.
For experts who hope to become listed traders at BitYard,
your account must have deposits of at least 500 USDT, and you must complete
your KYC on BitYard website. Last but not least, you need to download BitYard
app and file an application.
The BitYard App is
available for both Android and iOS users. Traders are able to trade whenever
and however they like. The website and the app basically share same functions.
Moreover, BitYard trading fees are
much lower than other platforms.
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