Bityard Exchange Review 2022 – Is This a Legit Crypto Contracts Trading Platform?

One of the major complaints newcomers into the crypto space have is the complexity of the whole bitcoin world. From unintuitive and user-unfriendly trading platforms and wallets, to completely new terminology and philosophy, bitcoin is a lot to digest for a newbie trader and investor.

Luckily, at least in the sector of crypto exchanges, a lot of progress has been made when it comes to simplicity and user interface without sacrificing utility and efficacy. Bityard is one of the cryptocurrency derivative trading exchanges that set simplicity and beginner-friendliness as its top priority. This Bityard review will go over all important features of this Singapore-based exchange including fees, security, trustworthiness and other pros & cons. So, let’s dive into the review process by checking some basic background info and offering of Bityard platform.


What is Bityard and where is it located?

Bityard s based in Singapore and is led by a slogan “Complex Contracts Simple Trade”. Bityard has a goal to bring the ultimate simplified trading experience to new customers.

As we mentioned above, older and still popular margin and futures trading exchanges like BitMex or Poloniex are very powerful trading platforms with a host of options that can be overwhelming for a rookie trader. This is where platforms like Bityard jump in to save the day – their dashboard and user interface is much simpler, decluttered and easier to comprehend.

They say an image is worth a thousand words so have a look at a neck-and-neck comparison of the Bitmex and Bityard user interfaces to understand what we mean:

Bitmex dashboard
Bityard dashboard

Bityard regulatory status – is the exchange regulated?

Bityard is regulated and licensed under the Singapore’s ACRA, USA’s MSB from Financial Crimes Enforcement Network which belongs to United States Department of the Treasury, Estonia’s MTR and Australia’s AUSTRAC.

This is a huge advantage for Bityard considering most of its competitors like Primebit, PrimeXBT or SimpleFX are all unlicensed and have a murky regulatory status.

Bityard dashboard – Key features

Middle name for Bityard platform is simplicity. The trading dashboard is neat and intuitive.

User interface is modular and highly customizable – you can drag and drop separate sections like charts, assets, order box etc. to arrange them to your liking.


Bityard mobile apps

As you would expect from an exchange aiming to challenge top leaders in leveraged trading, Bityard is a full stack platform with apps for all major platforms: android apps, iOS apps and of course the web version.


Deposit and Withdrawal options

Bityard allows for both fiat (USD) and crypto deposits with support for all top coins on the market: USDT, BTC, ETH, TRX, XRP, EOS and Huobi Token.


BitYard also offers OTC services for buying USDT with low trading fees that cater to first time traders and institutions alike.

Does Bityard have a demo account?

Yes, Bityard has a fully featured demo account where you can hone your skills before taking the training wheels off.

Does Bityard require KYC?

No, Bityard has no mandatory KYC process which is a big plus in the eyes of many crypto traders as it fits into the original narrative and ethos of cypherpunks and crypto OGs.

Bityard native token – BYD

Bityard introduced mining activity as well where the mining rewards are paid out in BYD – a native platform token that is yet to have a public ICO.

BYD is a platform coin issued by Bityard with a total circulation of 210M. It plays an important role in the Bityard ecosystem and will be listed on mainstream exchanges in the future. Design and role of the token is similar to BNB and other exchange tokens launched by almost all major crypto trading platforms.

Bityard’s brand ambassadors

Bityard sets itself apart from their competition by their strong marketing and brand building game. One of the top bran ambassadors of the exchange is a Thai boxin champion, Buakaw Banchamek.

This is Buakaw’s Facebook about cooperation whit Bityard:

สวัสดีครับทุกคน พี่บัวขอแนะนำแบรนด์ใหม่ให้รู้จักครับ "Bityard" แพลตฟอร์มออนไลน์ให้บริการแลกเปลี่ยนสกุลเงินดิจิทัล…

Posted by Banchamek Gym (Buakaw Banchamek, บัวขาว บัญชาเมฆ) on Friday, May 8, 2020

Bityard vs competitors

LicenseSecurities Dealer LicenseFinancial Services ComissionMTRAUSTRAC,
Transaction fee0.075%0.075%0.075%0.05% (The mining reward can be deducted by another 10%)
Fiat deposit?NoNoNoYes
Minimum Margin1 USDT5 USDT0.1 BTC / 1 ETH5.00 USDT
No. Of Assets Options84210
Demo modeYesYesYesYes
Forced liquidation?YesNoNoNo
Max. withdrawalNone10 BTCNone with KYC100,000USDT
KYC?NoNoWithdrawals > 1BTCNo
Customer SupportEmail, TelegramEmail, Online customerEmailEmail,Telegram,Online customer
Brand AmbassadorsNoneNoneNoneBuakaw Banchamek

Final verdict

Trading crypto contracts with leverage is a highly risky endeavor and you should first make sure to get a good grip of spot trading and all risks and benefits before you ignite the leveraged trading rocket. Once you are ready to make a plunge, Bityard is definitely a platform worth of considering thanks to their easy to use and straightforward dashboard.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of

Torsten Hartmann

Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

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