Review on BYDFI by Inioluwa Okedeji
BitYard IS GOING TO BE IN THE BIG LEAGUE VERY SOON!
BITYARD! Personally, I am very particular and conscious about the cryptocurrency exchange platforms I make use of as a cryptocurrency enthusiast and trader. There are too many cryptocurrency trading platforms out there these days and one must be very careful in order to avoid scam operations and loss of funds. That being said, I have engaged with Bityard for quite a while now and what I can say is that the Bityard exchange is still one of the best and most simple cryptocurrency exchange to use. I love the interface because it is very easy to use, unlike other crypto exchange. Also using the exchange through the web app is very fluid and uncomplicated. I remember that when I used it, I didn’t experience any of the usual lagging that is common with other high-end web-based applications. The fees involved in transactions are very user-friendly and affordable which is a very attractive feature of the Bityard Exchange. As a matter of fact, I made my cryptocurrency exchanges on Bityard I barely raised an eyebrow because it was all so comfortable. Although it is true that Bityard is not as popular and commonly used as other bigger cryptocurrency exchanges I will still recommend Bityard to any new trader looking for a simple and easy-to-use cryptocurrency exchange platform, like Bityard. Visa and MasterCard are accepted payment options and this makes things relatively easier. There are also over 400 cryptocurrency trading pairs to pick from and this is a very pleasing variety. Additionally, you can download the mobile app from playstore. One interesting feature of the Bityard Exchange is the newly added USDT margined perpetual futures, and even the CFD trading option. This is a very good initiative, and I am yet to engage with these new features. Another feature I love about the Bityard Exchange is that users have the opportunity to mine BYD. This is a relatively new feature i the exchange platform, and I’m really excited to mine BYD. I can only hope that the coin will achieve utility and price status in the nearest future because the exchange definitely has great plans for BYD. I currently have mined some BYD and I’m hoping to increase my holdings over time and keep mining as long as I can. For new-time users, there are lots of bonuses and this is really attractive to multiple traders. When I completed KYC I was also given cryptocurrency bonuses. On Bityard there is a copy trade option that really makes trading very easy. I have used this option before, so I should know. About the security of the platform, Bityard is pretty secure. From the phone and email binding of the use of passwords and pin, I think it’s very secure. Bityard's mystery box also adds to the fun of trading on the exchange platform. I am highly expectant of Bityard’s progress in the future and in the global cryptocurrency community. I hope to see more growth and expansion that will bring Bityard to the big leagues. I am also very interested in BYD as well and can’t wait to see more news on the exchange's native cryptocurrency. Bityard’s roadmap for this year and subsequent o is very promising so I can confidently say that Bityard Exchange is one of the best trading exchanges any trader will want to make use of, and enjoy numerous benefits.
In the conclusion of my last review, I mentioned how highly expectant I was about subsequent developments on BitYard Exchange - and as expected, the exchange has seen more updates aimed towards attaining its goal of being a suitable exchange in the crypto space, offering easy, unique, quality trading services and top security of assets for all its users.
Latest Updates On BitYard
1. New Token Listings and Addition of New Trading Pairs.
Most of the recent updates on BitYard have revolved around new token listings and addition of new trading pairs in order to provide more options for traders and users in their investment decisions.
Imagine how you will feel visiting a crypto exchange to trade a particular token or pair, but couldn't find it because it was not listed on such exchange, I imagine you'll be disappointed and probably move on to another exchange that can provide you with the token and trading pair you need. In order to prevent their users from having a similar experience, BitYard is providing more trading options for their users by adding new trading pairs and listing new tokens.
Furthermore, BitYard also delists tokens and trading pairs with low trading volumes and activities in order to prevent users from unintentionally making poor investment decisions - in short, BitYard provides their users with only the very best of options.
2. Login With QR Code
Accessibility [Ease of Access] to a platform is a feature that most platforms trivialize and sometimes fail to consider, but personally, I find it to be an essential and user-friendly feature.
About 2 weeks ago, BitYard added the QR Code Login function to the platform. With this function, users can easily access the exchange platform by just clicking the scan QR icon and scanning the respective QR Codes. This allows users [especially those using PC and Mobile devices] to boycott the stress of inputting their login details more than once - instead they utilize the QR Code Login function and access the platform with ease.
Below are some sections that fascinates me about BitYard;
A. Spot Trading Section
Firstly, I'll be making more emphasis on BitYard's Spot Trading Section.
While interacting with the exchange platform, I came across some distinguishing features about the spot trading section that I haven't encountered on most exchanges I've interacted with. I noticed that the section was developed with the consideration that all users are not equal, because - inasmuch as all traders are expected to be professionals before trading, there'll always be beginners and newbies with little knowledge about the intricacies of spot trading, and BitYard's Spot Trading section has put this into consideration by providing 3 aspects to this important section of the exchange - which are;
- Classic: This aspect was designed with newbies in consideration by making available trading tools that are simple and easy to use.
- Advanced: This aspect was designed for professional traders, hence it is equipped with advanced trading tools suitable for professional usage.
- Convert: This aspect is an addition to the two aspects above, it allows users to swap crypto easily without the need to utilize any of the spot trading features above - another aspect designed with ease of usage in consideration, allowing users to convert different cryptocurrencies with the click of a button.
B. Mystery Box Section
There are general features that all exchanges possess, which sometimes makes it difficult for users and traders to make a choice on which to use, because it seems all exchanges are providing almost the same services. Hence, it is the duty of each exchange to come up with unique features that'll make users and potential traders choose them above others - and this is the purpose of BitYard's Mystery Box section.
This section was designed to reward users with random mystery boxes after the completion of specified tasks - which is an applaudable feature because it keeps users engaged to the platform, and pushes them to invite other users to benefit from the same rewards.
Based on the few points I've made mention above, it is evident that BitYard is a continuously developing platform [just like it has been since its inception], focused on providing quality trading services while coming up with better ways to satisfy users and keep up with the developing trends in the crypto space - hence, this makes it a suitable exchange platform for both beginners and all traders alike.
BitYard is an exchange with something for everyone, so I see no reason why I wouldn't use the exchange. I look forward to seeing more updates on BitYard, most especially in the NFTs aspect, because it is already a common trend and I'll love to see that aspect implemented on the exchange.
- BitYard offers low trading fees
- Multiple trading pairs
- BYD mining option
- Copy-trading option available to make trading easier
- Bonuses available.
- The exchange is not in the big leagues yet but this will change soon.
