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    Home » How to Trade at BitYard for Beginners
    Bityard Tutorials

    How to Trade at BitYard for Beginners

    coffeecoinoBy coffeecoinoJune 5, 2022No Comments23 Mins Read
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    How to Register at BitYard


    How to Register a BitYard Account [PC]


    Register with Email Address

    Step 1: Type and search https://www.bityard.com/ through any browser available.

    How to Trade at BitYard for Beginners

    Step 2: Find Get Started on the right corner of your screen.

    How to Trade at BitYard for Beginners

    Step 3: You will see The Registration page

    1. Choose Email Registration

    2. Enter your complete email address

    3. Click Send to receive the Verification Code

    4. Enter verification code you received from the email (The verification code will be sent to your email, it will be found on your spam or all inbox folder)

    5. Set your own password

    6. Type in your invitation code if its available (optional)

    7. Click Register, then you all set!

    How to Trade at BitYard for Beginners


    Register with Phone Number

    Step 1: Type and search https://www.bityard.com/ through any browser available.

    How to Trade at BitYard for Beginners

    Step 2: Find Get Started on the right corner of your screen.

    How to Trade at BitYard for Beginners

    Step 3: You will see The Registration page

    1. Choose Mobile Registration

    2. Select your Country/Region and type in your mobile number.

    3. Click Send to receive the Verification Code

    4. Enter verification code you received (The verification code will be sent to your registered phone.)

    5. Set your own password

    6. Type in your invitation code if its available (optional)

    7. Click Register, then you all set!

    How to Trade at BitYard for Beginners

    How to Register a BitYard Account [APP]

    Register with Email Address

    Step 1:

    1. Open the BitYard App [BitYard App IOS] or [BitYard App Android] you downloaded

    2. Click Login/Register on the bottom right corner of your screen.

    How to Trade at BitYard for Beginners

    Step 2:

    1. Choose Email Registration

    2. Enter your complete email address

    3. Click Send to receive the Verification Code

    4. Enter verification code you received from the email (The verification code will be sent to your email, it will be found on your spam or all inbox folder)

    5. Set your own password

    6. Type in your invitation code if its available (optional)

    7. Click Confirm

    How to Trade at BitYard for Beginners
    Step 3:
    Click Get Bonus to get the welcome bonus of $258 USDT

    How to Trade at BitYard for Beginners


    Register with Phone Number

    Step 1:

    1. Open the BitYard App [BitYard App IOS] or [BitYard App Android] you downloaded

    2. Click Login/Register on the bottom right corner of your screen.

    How to Trade at BitYard for Beginners
    Step 2: Click Mobile Registration on the bottom of your screen.
    How to Trade at BitYard for Beginners
    Step 3:

    1. Select your Country/Region and type in your mobile number.

    2. Click Send to receive the Verification Code

    3. Enter verification code you received (The verification code will be sent to your registered phone.)

    4. Set your own password

    5. Type in your invitation code if its available (optional)

    6. Click Confirm

    How to Trade at BitYard for Beginners
    Step 3: Click Get Bonus to get the welcome bonus of $258 USDT
    How to Trade at BitYard for Beginners

    Download BitYard App

    BitYard App iOS

    Step 1: Download “Testflight” in Apple Store or Click here to download BitYard iOS App

    How to Trade at BitYard for Beginners

    Step 2: Click the “Continue” Button

    How to Trade at BitYard for Beginners
    Step 3: Copy the link below and open it via “Safari” on your phone

    https://bityard.download/

    Step 4: Click Free Installation and then click Allow

    How to Trade at BitYard for Beginners

    How to Trade at BitYard for Beginners

    Step 5: Click to BitYard on Downloaded Profile; then click Install

    How to Trade at BitYard for Beginners

    How to Trade at BitYard for Beginners
    Step 6:

    1. Click Install

    2. Enter Passcode

    3. Click Done

    How to Trade at BitYard for Beginners

    How to Trade at BitYard for Beginners
    How to Trade at BitYard for Beginners

    Congratulations, you have installed BitYard App successfully!

    Notes:

    1. Updating: If there is any new version, you can update it directly through TestFlight.

    2. In case of failure of the new version, you are able to switch to the old version.


    BitYard App Android

    Step 1: Open Google Play, enter [BitYard] in the search bar and press [search]How to Trade at BitYard for Beginners

    Step 2: Click Install
    How to Trade at BitYard for Beginners

    Step 3: Return to your home screen and open your BitYard App to get started.

    How to Verify Account in BitYard


    How to Complete your Account Verification [PC]

    Step 1: Visit BitYard and click “Portrait” icon. Then press Account Security on the top right corner of your screen.

    How to Trade at BitYard for Beginners

    Step 2: Find Real-name-authentication on the right hand and click it.

    How to Trade at BitYard for Beginners

    Step 3: Real-Name Authentication, there are 2 ways to do :

    Option 1: Passport

    1. Choose The Passport Tab

    2. Choose your Country/Region

    3. Fill in your Full Name

    4. Fill in your Passport Number

    5. Upload a photo of your passport

    6. Upload a photo of you holding your passport while holding a sheet of paper with the word handwritten ” BitYard and the date you apply “
      Example: BitYard KYC 2020/05/05

    7. Press Confirm

    How to Trade at BitYard for Beginners

    Note:

    1. Only JPG and PNG formats are allowed, must be less than 5M

    2. Make sure the photo and the words on the ID can be seen clearly

    3. Processing time approx. in 2 hours

    Option 2: Identity Card

    1. Choose The Identity Card Tab

    2. Choose your Country/Region

    3. Fill in your Full Name

    4. Fill in your ID Number

    5. Upload the front of the ID card and the back of the ID card

    6. Upload a photo of you holding your passport while holding a sheet of paper with the word handwritten ” BitYard and the date you apply “
      Example: BitYard KYC 2020/05/05

    7. Press Confirm

    How to Trade at BitYard for Beginners

    Note:

    1. Only JPG and PNG formats are allowed, must be less than 5M

    2. Make sure the photo and the words on the ID can be seen clearly

    3. Processing time approx. in 2 hours

    How to Complete Your Account Verification [APP]

    Step 1: Click “Portrait” in the upper left corner of the screen

    How to Trade at BitYard for Beginners

    Step 2: Click Unverified

    How to Trade at BitYard for Beginners

    Step 3: Real-Name Authentication, there are 2 ways to do: Passport or Identity Card:

    1. Choose your Country/Region

    2. Fill in your Full Name

    3. Choose the ID Type you want to submit, (Passport or Identity Card)

    4. Fill in your Passport Number or Identity Card

    5. Upload a photo of your passport or front and back of your Identity Card

    6. Click Next

    7. Upload a photo of you holding your passport or ID Card while holding a sheet of paper with the word handwritten ” BitYard and the date you apply “
      Example: BitYard KYC 2020/05/05

    8. After finished uploading, Press Confirm

    How to Trade at BitYard for Beginners

    Note:

    1. Only JPG and PNG formats are allowed, must be less than 5M

    2. Make sure the photo and the words on the ID can be seen clearly

    3. Processing time approx. in 2 hours

    How to Deposit in BitYard


    How to Deposit Cryptos

    [PC]

    Step 1: Visit BitYard

    1. Click Assets on the top right-hand corner of your page

    2. Select Deposit

    How to Trade at BitYard for Beginners
    Step 2:

    1. Select the desired coin on the “Coin” option

    2. Select Chain Type; BitYard supports three networks to deposit digital assets: TRC20, BSC, ERC20

    3. Click [Copy] icon to copy the deposit address and paste it into the withdrawal address field on the external platform or wallet. You can also scan the QR Code to deposit.

    How to Trade at BitYard for Beginners
    Note:

    1. Each coin has its own deposit address, so please read deposit tips carefully.

    2. The coins supported by BitYard for deposit are: USDT(USDT-Erc20, USDT-Trc20, BSC), BTC, ETH, XRP, TRX, EOS, DOGE, LINK, CRV.

    3. Please strictly follow the displayed coins address to deposit, otherwise, the deposit assets may be lost.

    4. Cryptocurrency deposit requires network node confirmation. Different currencies require different confirmation times. The confirmation time is generally 10 minutes to 60 minutes, Details are as follows:

    BTC ETH TRX XRP EOS USDT-Erc20 USD-Trc20
    1 12 1 1 1 12 1

    5. The deposit address may be changed. Please confirm the deposit address on the deposit page beforehand.


    [APP]

    Step 1: Open BitYard iOS App or BitYard Android App on your phone and Login to your BitYard Account.

    Step 2: Click Assets

    How to Trade at BitYard for Beginners

    Step 3:

    1. Choose The Spot Tab

    2. Select Deposit

    How to Trade at BitYard for Beginners
    Step 4:

    1. Select the desired coin on the “Coin” option

    2. Select Chain Name; BitYard supports three networks to deposit digital assets: TRC20, BSC, ERC20

    How to Trade at BitYard for Beginners
    Step 5:
    Click [Copy] icon to copy the deposit address and paste it into the withdrawal address field on the external platform or wallet. You can also scan the QR Code to deposit.
    How to Trade at BitYard for Beginners

    Note:

    1. Each coin has its own deposit address, so please read deposit tips carefully.

    2. The coins supported by BitYard for deposit are: USDT(USDT-Erc20, USDT-Trc20, BSC), BTC, ETH, XRP, TRX, EOS, DOGE, LINK, CRV.

    3. Please strictly follow the displayed coins address to deposit, otherwise, the deposit assets may be lost.

    4. Cryptocurrency deposit requires network node confirmation. Different currencies require different confirmation times. The confirmation time is generally 10 minutes to 60 minutes, Details are as follows:

    BTC ETH TRX XRP EOS USDT-Erc20 USD-Trc20
    1 12 1 1 1 12 1

    5. The deposit address may be changed. Please confirm the deposit address on the deposit page beforehand.

    ​​​​​

    How to Buy Cryptos via Fiat Gateway?

    Before we learn more about using Fiat Gateway, please note that BitYard does not handle fiat deposits directly, and this service is wholly handled by third-party payment providers.

    Please click “Buy Crypto” on the left side of the navigation bar to enter the page.
    How to Trade at BitYard for Beginners
    How to Trade at BitYard for Beginners
    Step 1:

    Select the fiat currency you want to pay. Click on “USD” and the drop-down menu will appear.
    Currently, the fiat currencies BitYard supported include: ARS, AUD, BOB, BRL, BYN, CAD, CHF, CLP, COP, CRC, CZK, DKK, DOP, DZD, EUR, GBP, HKD, IDR, ILS, INR, JPY, KRW, LAK, MXN, MYR, NOK, NPR, NZD, PEN, PHP, PLN, PYG, RUB, SEK, SGD, THB, TRY, TZS, USD, VND, ZAR.

    You can check the purchase limit for each currency in the input box. Taking USD as an example, the minimum purchase amount is $15 and the maximum purchase amount is $15,000.
    How to Trade at BitYard for Beginners
    Step 2:
    Select the cryptocurrency you would like to receive in your BitYard wallet address. Currently, BTC/ETH/USDT/USDC/BUSD/XRP/DOGE/LINK are supported.
    How to Trade at BitYard for Beginners
    Step 3:
    Enter the amount. You can enter the deposit amount based on fiat currency amount (e.g. $1,000) or cryptocurrency amount (eg. 0.1 BTC) according to your needs.
    How to Trade at BitYard for Beginners
    How to Trade at BitYard for Beginners
    In addition, you can check the reference price at the bottom left.

    Step 4:
    Select from the list of service providers.
    According to the fiat currency and cryptocurrency selected by the user, the supplier that provides the corresponding service is displayed in the list.

    We can obtain the following information from the service providers list:

    a) Name of the service provider

    b) Reference quotation and purchase limit

    c) Estimated amount of cryptocurrency

    d) Estimated transfer time and “Buy Now” button
    How to Trade at BitYard for Beginners
    Note:

    The real-time quotation is for reference only. Please refer to the service provider’s website for the exact exchange rate. The real-time quotation in the upper right corner will be refreshed every 20 seconds. You can also click “Refresh” to get the latest quotation.

    Step 5:
    Click the “Buy Now” button. You will be redirected to the third-party payment provider’s official webpage.
    How to Trade at BitYard for Beginners
    Note:

    If you are a first-time user, you need to create an account, and then complete KYC verification first.

    After successfully depositing fiat currency into BitYard, you can click “History” to view historical transaction records.
    How to Trade at BitYard for Beginners
    How to Trade at BitYard for Beginners

    How to Trade Crypto at BitYard


    How to Trade Crypto [PC]

    Step 1: Visit BitYard, then Sign in to your BitYard Account. If you do not have a BitYard account, register here
    How to Trade at BitYard for Beginners

    Step 2: Go to BitYard main page. Click [Spot]
    How to Trade at BitYard for Beginners
    Step 3: Enter the token you need in the search bar, then click Search and choose the trading pair you want.

    Take BTC/USDT as an example:
    How to Trade at BitYard for Beginners
    Step 4: There are two order types.

    Option 1: Market Order

    How to Trade at BitYard for Beginners
    How to Trade at BitYard for Beginners

    Note:
    Market order does not require the trader to set order price by itself. Instead, the order will be traded quickly at the current market price. After a market order is submitted, the execution price of the order cannot be guaranteed although the execution of the order can be guaranteed. The execution price of the order will fluctuate under the influence of the current market situation. You need to pay attention to the order list when selecting market order, otherwise, a market order of large position will lead to “close-out”. The trader only needs to fill in “position quantity” when submitting market order.

    Option 2: Limit Order

    • Enter The Price you want to buy or sell that token

    • Enter Amount of the token you want to buy or sell

    • Then choose [Buy] or [Sell]

    How to Trade at BitYard for Beginners
    How to Trade at BitYard for Beginners

    Note:
    Limit order requires the trader to set order price by itself. When market price reaches the order price, the order will be executed; when market price is far away from the order price, the order will not be executed. By submitting limit order, the trader can control position-opening costs by controlling the trading price of the position. After limit order is submitted, it will be displayed in the “current order” list to wait for trading. Only when any market order meeting the order price appears will the limit order be traded. You can “cancel order” at any time in the “current order” list before the limit order is not traded. The trader needs to fill in “order price” and “position quantity” when submitting limit order.

    Step 5: You can review your order at [Order History]. If you want to cancel your order:

    How to Trade at BitYard for Beginners

    How to Trade Crypto [APP]

    Step 1: Open BitYard iOS App or BitYard Android App on your phone and Login to your BitYard Account.

    Step 2: Click Markets

    How to Trade at BitYard for Beginners
    Step 3: Click Spot on the upper – right corner.

    How to Trade at BitYard for Beginners
    Step 4: Enter the token you need in the search bar, then click Search and choose the trading pair you want.

    Take BTC/USDT as an example:
    How to Trade at BitYard for Beginners
    Step 5: If you want to Buy Token: Click Buy

    How to Trade at BitYard for Beginners
    There are two order types:

    Option 1: Market Order

    1. Click to the dropdown order, choose [Marker Order]

    2. Price: the order will be traded quickly at the current market price

    3. Enter Amount of crypto you want to buy

    4. Then choose [Buy]

    How to Trade at BitYard for Beginners
    Note:

    Market order does not require the trader to set order price by itself. Instead, the order will be traded quickly at the current market price. After a market order is submitted, the execution price of the order cannot be guaranteed although the execution of the order can be guaranteed. The execution price of the order will fluctuate under the influence of the current market situation. You need to pay attention to the order list when selecting market order, otherwise, a market order of large position will lead to “close-out”. The trader only needs to fill in “position quantity” when submitting market order.

    Option 2: Limit Order

    1. Click to the dropdown order, choose [Limit Order]

    2. Enter The Price you want to buy the token

    3. Enter Quantity of the token you want to buy

    4. Then choose [Buy]

    How to Trade at BitYard for Beginners
    Note:

    Limit order requires the trader to set order price by itself. When market price reaches the order price, the order will be executed; when market price is far away from the order price, the order will not be executed. By submitting limit order, the trader can control position-opening costs by controlling the trading price of the position. After limit order is submitted, it will be displayed in the “current order” list to wait for trading. Only when any market order meeting the order price appears will the limit order be traded. You can “cancel order” at any time in the “current order” list before the limit order is not traded. The trader needs to fill in “order price” and “position quantity” when submitting limit order.

    Step 6: If your want to Sell Token: Click Sell

    How to Trade at BitYard for Beginners
    There are two ways to Sell:

    Option 1: Market Order

    1. Click to the dropdown order, choose [Marker Order]

    2. Price: the order will be traded quickly at the current market price

    3. Enter Amount of crypto you want to sell

    4. Then choose [Sell]

    How to Trade at BitYard for Beginners
    Note:

    Market order does not require the trader to set order price by itself. Instead, the order will be traded quickly at the current market price. After a market order is submitted, the execution price of the order cannot be guaranteed although the execution of the order can be guaranteed. The execution price of the order will fluctuate under the influence of the current market situation. You need to pay attention to the order list when selecting market order, otherwise, a market order of large position will lead to “close-out”. The trader only needs to fill in “position quantity” when submitting market order.

    Option 2: Limit Order

    1. Click to the dropdown order, choose [Limit Order]

    2. Enter The Price you want to sell the token

    3. Enter Quantity of the token you want to sell

    4. Then choose [Sell]

    How to Trade at BitYard for Beginners
    Note:

    Limit order requires the trader to set order price by itself. When market price reaches the order price, the order will be executed; when market price is far away from the order price, the order will not be executed. By submitting limit order, the trader can control position-opening costs by controlling the trading price of the position. After limit order is submitted, it will be displayed in the “current order” list to wait for trading. Only when any market order meeting the order price appears will the limit order be traded. You can “cancel order” at any time in the “current order” list before the limit order is not traded. The trader needs to fill in “order price” and “position quantity” when submitting limit order.

    Step 7: You can review your order at [Order History]. If you want to cancel your order:

    • Click to the Icon on the right side of The Open Orders Section
    • Choose Orders History
    • Choose the Order you want to cancel and click Cancel

    How to Trade at BitYard for Beginners
    How to Trade at BitYard for Beginners

    How to long or short?

    In the contract trading of digital assets, based on the market price fluctuations, you can make a profit by choosing to Long(Buy) or Short(Sell).
    How to Trade at BitYard for Beginners
    How to long?
    Open long, refers to investors who expect the market price will rise in the future and buy a certain amount of digital asset bullish contracts.

    When you expect the contract price will rise, you can open long from contract trading. The operation procedure is: transfer part of USDT as margin, select the required leverage, order type, and buy a certain amount of bullish contracts. When the contract price rises, sell the contract at a high price to get a profit, that is buy low and sell high.

    Take bitcoin contract trading as an example. When the price of bitcoin is $ 5,000, we buy a contract worth 1 bitcoin. If the price of bitcoin rises to $ 5,500 each, we sell this contract worth 1 bitcoin and get a $500 profit.

    How to short?
    Open short, refers to investors who expect the market price will fall in the future and sell a certain amount of digital asset bearish contracts.

    When you expect the contract price will fall, you can short from contract trading. The operation procedure is: transfer part of USDT as margin, select the required leverage, order type, and sell a certain amount of bearish contracts. When the contract price falls, buy the contract at a low price to get a profit, that is sell high and buy low.

    Take bitcoin contract trading as an example. When the price of bitcoin is $ 5,000, we sell a contract worth 1 bitcoin. If the price of bitcoin falls to $ 4,500 each, we buy this contract worth 1 bitcoin and get a $500 profit.

    How to Withdraw at BitYard


    How to Withdraw Cryptos [PC]

    Step 1: Visit BitYard

    1. Click Assets on the top right-hand corner of your page

    2. Select Withdraw

    How to Trade at BitYard for Beginners

    Step 2:

    1. Coin: Select the coin you want to withdraw; if available please select Chain Name.

    2. Manage Address: If you already add your withdraw address you can directly type the label of your address on the box. If you havent added your deposit address, please click the “Manage Address” and you will be direct to this page.

    3. Select Chain Name; BitYard supports three networks to deposit digital assets: TRC20, BSC, ERC20

    4. Amount: Check the availability of coins you have and enter the amount correctly.
      Note: please also left some amount for the fee.

    5. Click Withdraw

    How to Trade at BitYard for Beginners

    Step 3: PIN: Enter your PIN; if you havent set it, please set it first

    Step 4: After finished, please click “Confirm“

    Note:

    1. The daily withdrawal limit will vary depending on the selected coins and whether KYC has been completed.

    2. The withdrawal service hours are 9:00-21:00 Singapore time.

    How to Withdraw Cryptos [APP]

    Step 1: Open BitYard iOS App or BitYard Android App on your phone and Login to your BitYard Account.

    Step 2: Click Assets

    How to Trade at BitYard for Beginners

    Step 3:

    1. Choose The Spot Tab

    2. Select Withdraw

    How to Trade at BitYard for Beginners

    Step 4:

    1. Coin: Select the coin you want to withdraw; if available please select Chain Name.

    2. Select Chain Name; BitYard supports three networks to deposit digital assets: TRC20, BSC, ERC20

    3. Manage Address: If you already add your withdraw address you can directly type the label of your address on the box. If you havent added your deposit address, please click the “Manage Address” and you will be direct to this page.

    4. Amount: Check the availability of coins you have and enter the amount correctly.
      Note: please also left some amount for the fee.

    5. Click Confirm

    How to Trade at BitYard for Beginners

    Step 5: PIN: Enter your PIN; if you havent set it, please set it first

    Step 6: After finished, please click “Confirm“

    Note:

    1. The daily withdrawal limit will vary depending on the selected coins and whether KYC has been completed.

    2. The withdrawal service hours are 9:00-21:00 Singapore time.

    Frequently Asked Questions (FAQ)


    Verification


    Losing your BitYard Accounts Google Authenticator (GA) 2FA

    Common reasons for losing access to ones Google Authenticator:

    1. Losing your smartphone

    2. Smartphone malfunctioning (Failing to turn on, water damages, etc)

    Solution 1: Attempt to locate your Recovery Key Phrase (RKP).

    • For security reasons, BitYard does not store any accounts Recovery Key Phrase
    • A Recovery Key Phrase is presented in either a QR code or a string of alphanumeric. It will only be shown once, which is at the point of binding your Google Authenticator. Refer to the screenshot below:

    How to Trade at BitYard for Beginners
    Solution 2:

    Please use the Email Address you registered with and email to our customer support.

    First, provide us your UID, Real name, ID Number, then explain your reason and situation. You will need to upload a self-portrait shot of you holding your ID and the Bityard Paper. The paper must have the information you provided, todays date and a request for Google Authenticator deactivation.
    If your Real Name Authentication(KYC) is not verified. You will also need to upload your ID/Passport with both the front and backside.

    After we deactivate your Google Authenticator. You must complete your Real Name Authentication(KYC) in your account security within 3 working days(same ID you used for deactivation). If you are unable to complete your KYC, this may affect your accounts stability and security.

    Furthermore, please include infomation regarding your accounts asset, recent transactions, and your usual and recent cities you login from.

    Note: We will also highly recommend traders to send in this request using a computer/device and network broadband that is commonly used to log in to the affected BitYard account.


    What if I cant receive SMS verification code?

    Please make sure that the phone number you entered is correct, and keep your network connected. If it still does not work, please contact our customer service and provide your registered mobile phone number, our customer service will help you.


    How to Bind Your Mobile Phone Number?

    Step 1: Go to the profile icon-Account Security on the right-hand corner of your screen.

    How to Trade at BitYard for Beginners

    Step 2: Find and click Mobile for binding.

    How to Trade at BitYard for Beginners

    Step 3: Bind Mobile

    1. Select your Country/Region

    2. Fill in your mobile phone number

    3. Click send, and Fill in the Captcha number you received

    How to Trade at BitYard for Beginners

    Set Google Authentication (2FA)

    Click here


    Change Google Authentication (2FA)

    Click here


    Disable Google Authentication (2FA)

    Click here

    Deposit

    How long does it take to complete deposit

    Deposit through OTC is real-time. Deposit through external wallets depends on congestions in the blockchain network.
    There are three steps for blockchain asset transfers: Initiate – Block Confirmation – Credit

    1. Initiate: The withdrawal platform or wallet has already performed a transfer.
    2. Block Confirmation: Complete the block confirmation. If there are congestions and delays in the blockchain network, may cause the digital assets not be fully confirmed.
    3. Credit: After full confirmation, BitYard will credit to your account as soon as possible.


    What are the deposit fees on BitYard?

    There will be no fees for deposit USDT-Bsc, USDT-Erc20, USDT-Trc20, BTC, ETH, TRX, XRP, EOS, DOGE.

    BitYard fiat currency deposit is free of charge.

    Tips: Third-party payment accounts are updated from time to time, and the latest payment information must be obtained before deposit.


    How to do internal transfer?

    Select [Internal Transfer] from the [Assets].
    How to Trade at BitYard for Beginners
    Follow the instructions to transfer assets from your account to other BitYard users without fees by filling in the username, receiving account, coin, the amount of funds to be transferred, the password, and the email verification code.

    • BitYard internal transfers are free of charge.
    • The single transfer limit varies by currency.
    • Please make sure to confirm your user information when transferring funds.
    • If you encounter any problems during transferring funds, please contact our online customer service.


    Which service providers provide Fiat deposit services on BitYard?

    Currently, our Fiat Gateway partners include Banxa, XanPool, Transak, Ramp.


    Is there a minimum/maximum fiat amount that can be deposited?

    Yes. The purchase limit will be indicated in the amount input box.


    What kind of payment methods are accepted?

    Electronic fund transfers, Visa/Mastercard credit, debit cards and cash deposits (limited to certain areas).
     

    Trading

    Can I use the pending order function?

    Yes, you can. But attention to the following:

    1. The pending order can be successfully placed only when the available balance is greater than the sum of the initial margin and trading fee.
    2. The price must be higher than the market price when you buy long and the price must be lower than the market price when you sell short.
    3. The pending orders will not be canceled automatically.
    4. Transaction fee will be charged only when the order is filled.
    How to Trade at BitYard for Beginners


    Market Order and Trigger Order

    Market Orders

    A market order is an order calculated as follows: estimated execution price = current price * (1 ± spread). Immediate execution of a market order consumes a large amount of liquidity.

    Trigger Orders

    A trigger order is not a limit order. A trigger order is a tool that allows you to set an order that will open when certain conditions are met. Once the price reaches the desired value, a trigger will be triggered and the order will be executed. Trigger orders are also part of the market order category.


    What is Take Profit and Stop Loss?

    To close your position automatically after a certain earning or loss, you need to set a Take Profit or Stop Loss price.

    Default Stop Price: When placing an order, the system will set a default Stop Loss price, which is the price to suffer a loss equals 90% of the margin, as low as 1%.

    Default Take Profit Price: When placing an order, the system will set a default Take Profit price, which is the price to achieve the profit equals 200% of the margin, If you want to achieve higher profit, you can set the Take Profit price to achieve 500% of the margin.

    The lowest Stop Loss point can be set to 5% of the occupied margin and the highest Take Profit point can be set to 500% of the occupied margin.

    For example, if the current value of bitcoin is 8,000 USDT when placing a long or buy position with a leverage of 20X and a margin of 100 USDT.

    The default Stop Loss price is 8000*(5-90%/20), and the default Take Profit price is 8000*(5+200%/20).

    Calculation Formula of Profit and Loss.

    Profit and Loss from Long=(Open price-Close price)*Position

    • Note: The closing price is the buying-down price indicated by the current market

    Profit and Loss from Short=(Open price-Close price)*Position

    • Note: The closing price is the buying-up price indicated by the current market


    What is position?

    An Orders position = Margin * Leverage/Opening Price

    If the price of BTC is 10000USDT and you purchased with a margin of 1000USDT and 20x leverage, then the order position is 2BTC.

     

    Withdrawal


    How long does it take to complete Withdrawal

    • USDT ERC20:Based on the Ethereum network, same time as the Ethereum Token transfer, it usually takes 10-20 minutes to be credited.

    • USDT TRC20:Based on the TRON network, same time with the TRON Token transfer, Normally it takes 5 minutes to be credited.


    What are the Withdrawal fees on BitYard?

    BitYard transaction fee per withdrawal:

    BSC-1USDT
    ERC20-10USDT
    TRC20-1USDT

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