Bityard Copy Trade Makes Crypto Contract Trading Easier
SINGAPORE, Dec 3, 2020 - (ACN Newswire) - The price of Bitcoin, one of the mainstream cryptocurrencies in the market, recently topped $19,000. At the same time, the Ethereum price also surpassed $600. Even though the prices of most cryptocurrencies have declined slightly in recent days, the market is still crowded with traders and investors.
In the crypto market, spot and contract trading are the common ways for people to invest in digital currencies. Contract trading allows investors to profit in both bear and bull markets, so a lot of people focus on it when spot market becomes less profitable. However, contract trading also comes with some degree of risk, and it requires a high level of financial background and longtime experience.
In the contract trading market, crypto beginners often lose money due to incorrect strategies and unpredictable market changes. This March, the Bitcoin price dropped rapidly and caused heavy losses of many traders. In order to help beginners to invest in cryptocurrencies, Bityard has launched copy trade function to make contract trading easier.
In the copy trade system, Bityard users can find highly professional traders and simply copy their strategies. When copying other traders, the users don't need to manually open or close their positions. The traders will steerbthe whole trading process for the users who copy them. For those copiers, how reliable and skilled the traders they are copying is very important.
In the past, copy trading usually happened in online investment or crypto related communities, and so did crypto scams, as traders could fabricate their trading histories and records to attract followers. With the Bityard copy trade system, all traders must submit their trading history data, which will be viewed by Bityard before the traders get listed and copied. Bityard ensures all traders in the system are qualified for other users to follow their investment strategies.
With the copy trade system, Bityard users can copy any trader on Bityard without a worry. Bityard will keep putting efforts in creating a more secure and simpler trading platform for both beginners and professional traders.
About Bityard Bityard is the world's leading crypto exchange, with Muay Thai superstar Buakaw Banchamek as the brand ambassador, providing customers from more than 150 countries with safe, simple and fast digital currency trading services. The copy trade function launched is designed to make contract trading easier for beginners. In the future, Bityard will continue to improve its products to provide users with better trading services. Bityard official website: bityard.com
Coinbase, available to users in over 55 countries as of 2021, is the world's largest Bitcoin broker.
Is Coinbase safe? What are Coinbase's fees? Is it a legit place to buy cryptocurrency, or are there better options?
Read on to learn!
Is Coinbase Safe? Yes, Coinbase is a crypto company based in San Francisco, and backed by trusted investors. As of August 2020, it has raised over $547 million.
Coinbase is the world's largest Bitcoin exchange and broker. With their exchange, called Coinbase Pro you make buy and sell offers to other users on the platform and Coinbase takes a cut of the deals.
With the brokerage, you simply buy crypto directly from Coinbase at the price they offer (there is no bidding on the brokerage side).
We will discuss Coinbase's safety in greater depth in Chapter 1, but throughout this review, you will learn all the answers to your questions about Coinbase and its products.
Coinbase Compared This table compares Coinbase to other popular exchanges.
Cryptocurrency exchange Coinbase is adding a new way to withdraw funds from your Coinbase account. If you've added a compatible debit card to your account, you can transfer USD, EUR or GBP to your bank account nearly instantly.
There are some drawbacks, and the main one is that you'll pay a lot of fees. In the U.S., Coinbase deducts 1.5% from the transaction, or a minimum $0.55 if it's a small transaction. In the U.K. and Europe, you pay 2% in fees or a minimum fee of £0.45/€0.52, respectively.
You also need to have a compatible card. Not all debit cards support incoming transfers. You need to have a Visa card that supports Visa Fast Funds. In the U.S., you can also use a Mastercard card with Mastercard Send.
It's hard to know whether your bank or card issuer support those features. The best way to figure it out is probably by adding your card to Coinbase and seeing what Coinbase says.
Coinbase isn't removing other withdrawal methods. For instance, if you're looking for a cheaper way to withdraw your funds in Europe, a SEPA bank transfer costs €0.15 per transfer. And Coinbase supports instant SEPA transfers if your bank has enabled that.
The company also lets you link your PayPal account with your Coinbase account. Your funds should hit your PayPal account within a few seconds, and there are no fees on Coinbase's side.
As you can see, there are many ways to move money from your bank account to your Coinbase account. Some of them are slower than others, some of them are more expensive than others. Crypto-to-crypto transactions are a bit simpler by comparison, as you only need your recipient's wallet address to send tokens.