Recently, the price of Bitcoin, one of the mainstream cryptocurrencies in the market, reached $19,000. At the same time, Ethereum price also surpassed $600 last week. Even though the prices of most cryptocurrencies have declined slightly in recent days, the market is still crowded with traders and investors.
In crypto market, spot trading and contract trading are the common ways for people to invest in digital currencies. Contract trading allows investors to get profits 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 contract trading market, crypto beginners often lose money due to incorrect strategies and unpredictable market changes. In March this year, 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 do the whole trading progress for the users who copy them. For those copiers, how reliable and skilled the traders they are copying are is very important.
In the past, copy trading usually happened in online investment or crypto related communities, so did crypto scams. Some traders might fake their trading histories and records to attract people to follow them. Some others might even try to get as many followers as they can to manipulate the crypto market. In Bityard copy trade system, all the traders have to submit their trading history data, and the data will be strictly viewed by Bityard before the traders get listed and copied. Bityard will make sure that all traders in the system are qualified enough 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.
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: www. bityard.com