BitYard Review

BitYard, founded in 2019, is a diverse crypto exchange that also supports trading forex and other assets.

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bityard review logo
Our Rating:
4.4
5
Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

Quick summary

BitYard is establishing itself as a trustworthy and highly competitive cryptocurrency exchange for bitcoin trading and many other services. Its high trust ratings and strong licensing help it stand out from the crowd, while its affiliate program is an attractive prospect for global partners.

Pros and Cons

Pros

  • Copy Trading service
  • Easy & intuitive app
  • Trade crypto & other assets

Cons

  • No phone support
  • Withdrawal fees
  • Only been around a few years

BitYard Introduction

How do you choose the best cryptocurrency exchange for DeFi trading? What’s the best place for bitcoin trading online? In our BitYard review, we cover everything you need to know about this crypto exchange and ask the important questions.

Bityard supported coins
BitYard supported coins

About BitYard

BitYard was founded in 2019, with its trading platform debuting in April 2020. Its headquarters are in Singapore. In addition to being a diverse cryptocurrency exchange, it offers fiat trading services such as Forex and commodities.

The platform offers an impressive range of options, with over 1,400 currency pairs available. In addition to bitcoin trading and supporting other major cryptocurrencies such as Ethereum and Litecoin, it offers many altcoins, including Dogecoin and Chainlink.

Wondering how to register with BitYard? U.S. traders will be delighted to learn that this platform is supported in the United States and around 150 other countries worldwide. An account can be created within minutes using a mobile number or email as verification.

How to deposit with BitYard is equally straightforward. No fees are charged for deposits on this DeFi trading platform using cryptocurrencies (more on fiat deposits below). BitYard doesn’t use KYC measures for signing up or depositing crypto, although it requires some KYC security checks when you want to withdraw.

Is BitYard Legit and Safe?

Having been around since 2019, BitYard isn’t as established as some better-known cryptocurrency exchanges. However, nor is it the new kid on the block. Many DeFi trading exchanges have sprung up in the last couple of years with far less pedigree than BitYard. 

So what makes BitYard secure?

Multiple Licenses

This exchange is licensed in 4 countries: the U.S., Singapore, Australia, and Estonia (through which it can be accessed in EU countries). This is a welcome sign in any DeFi trading platform.

Partners

The platform works with several partners to supervise its fiat deposits. These include:

  • Banxa
  • XanPool
  • Transak
  • Ramp

These are well-known and respected names within the crypto community and help to guarantee the security of payments. Partnering with multiple highly-regarded platforms is a solid indicator that BitYard is a trustworthy place for bitcoin trading.

BitYard Highlights – One-Stop Trading Platform

Below we detail the key features of this cryptocurrency exchange.

Spot Market

The spot market offers access to over 1,400 trading pairs. This includes 32 cryptocurrencies that are supported by the platform – bitcoin trading is one of the most popular services, but it’s also commendable for its inclusion of many altcoins.

Perpetual Futures (Inverse)

The platform offers perpetual futures and inverse perpetual futures. For users searching for DeFi trading platforms, access to inverse perpetual futures is attractive as it allows them to take up long-term positions using crypto as their underlying currency.

Lite Trading (CFDs)

BitYard offers CFDs in markets including:

  • Crypto
  • Forex
  • Derivatives

While CFDs can be lucrative, novice traders should note that these are highly complex financial instruments.

Copy Trade

Copy trading is a growing service within bitcoin trading. It allows users to mirror the actions of more experienced traders. BitYard provides an innovative copy trading service that is well-suited for inexperienced crypto enthusiasts.

For users wishing to become registered traders, you can apply through the company’s affiliate center.

Deposits with FIAT

Deposits with fiat currencies are protected by Banxa or other associated payment platforms. These will also require users to go through KYC measures (unlike crypto deposits).

Roadmap

This cryptocurrency exchange is targeting ambitious growth in the coming years. Not yet established as a leading DeFi platform (but on the way there), it aims to attract users with sound educational resources and high leveraging potential.

BitYard Fees

Positions are charged at opening and closing. There’s also a small overnight fee for positions held longer than 12 hours. Withdrawals may incur a fee, but deposits are free.

BitYard App

The app is well-designed and intuitive. It makes it simple for mobile traders to monitor bitcoin trading and other investments.

Customer Support

BitYard offers a live chat service but is also accessible by email or social media. Its live chat is considered its best customer support option.

Attractive Affiliate Program

BitYard offers an impressive affiliate program. Anyone looking to join can apply with details of their profession and expect to earn a commission and insider privileges in exchange for balanced reviews of the platform. Benefits increase as you provide more referrals as part of its multiple affiliate system.

Check out the company’s “global partners” program to learn more.

Conclusion

BitYard is establishing itself as a trustworthy and highly competitive cryptocurrency exchange for bitcoin trading and many other services. Its high trust ratings and strong licensing help it stand out from the crowd, while its affiliate program is an attractive prospect for global partners.

We highly recommend opening an account with this cryptocurrency exchange today. 

bityard review logo
Our Rating:
4.4
5
Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.