When it comes to crypto trading, choosing the right trading platform is just as important as finding a successful trading strategy. However, with so many trading platforms available on the market, deciding which one to choose can feel like a nightmare.

This article will compare two trading platforms, namely Bityard and eToro. The platforms will be compared based on the most important metrics that users use to choose which platform to use.

What is eToro?

Etoro was founded in 2007 as a forex trading platform. It has evolved over the years to include stocks, derivatives, CFDs, and cryptocurrencies. It has a global reach, serving more than 17 million users in 140 countries. It is a multi-national licensed company, with licenses in countries such as Israel, UK, United States, Australia, and others.

What is Bityard?

Bityard is a contract trading platform with crypto assets and derivatives. It was founded in 2019. So far, it has more than 100,000 registered users in more than 150 countries around the world, making it one of the fastest crypto trading platforms in the world. Headquartered in Singapore, and has multi-national licenses from Estonia, Singapore, US, and Australia.

Comparison of Bityard and eToro

Layout and user interface

The Bityard website is easy to navigate, staying true to Bityard's mantra of designing platforms that simplify complex trading. Which makes it user-friendly, regardless of the merchant's experience level. Traders have the option of trading via the website or application versions available for Android and iOS. Websites and applications provide similar features.

There are many similarities between the eToro and Bityard platforms. However, the Bityard website has more charts, technical analysis tools and customizable display panels. Likewise, the Bityard app is easier to navigate as most of the features are easier to find. The eToro platform is loaded with more features such as news feeds and market research, which are harder for a beginner to find. A little tutorial may be required for new users to learn about the eToro platform.
Open an account

Both EToro and Bityard require one to be registered in order to trade on the platform. It only takes a few seconds to open an account. Bityard has the option to open an account using either an email or a phone number, while eToro offers an email, Facebook or Google option. You will receive a confirmation code that you will use to complete the registration. Once done, your account is ready to use. However, there is limited functionality for accounts that have not verified their identity.

For both platforms, users who have not completed the top level of KYC have limited access to platform features. EToro goes a step further by making some features only available to users who have made the first deposit to their account. A minimum deposit of $ 200 on eToro is required

Bityard offers a commission for referrals. At Bityard, users can earn up to 60% commission on trading fees from referrals.

Trading Experience

As already mentioned, Bityard strives to simplify trading. "Simple trading complex contracts" appears on the first page of their website. True to that slogan, the trading experience at Bityard is seamless. There are 33 crypto assets with 19 trading pairs, and many derivatives ranging from stock market indices to precious metals. Although Etoro only has 16 crypto assets, it owns hundreds of stocks, ETFs, indices and currency pairs.

Funding a Bityard account can be done via cryptocurrency and fiat. Unfortunately, currently fiat deposits for Bityard are only available in certain regions (Vietnam, Indonesia and China). There are plans to expand the service to more countries. On the other hand, eToro only accepts credit / debit card funding.
Bityard and eToro both have demo accounts which allow users to try real trading with counterfeit money. Both platforms also have a CopyTrade feature which allows the user to copy the position of a more experienced user on the platform

Fee

Bityard has lower maker / taker fees, charging 0.05% of transactions. For withdrawals, 2 USDT is a fee at Bityard. Etoro trading fees vary by asset; ranged from 0.75% - 5%. The minimum deposit that can be made is $ 200, while the minimum trade amount is $ 25. Etoro charges trading fees via spread, which can go up and down depending on market conditions. The withdrawal fee on eToro is $ 5.

Security

Both platforms have taken steps to improve security features on the platform. Each new login is authenticated by 2FA. Both platforms have PIN authentication for withdrawals. Bityard keeps crypto assets in cold storage, which protects them from hackers. The Bityard website also has full SSL encryption, making all connections secure.

In this article, Bityard and eToro have been compared in various aspects. In terms of size, eToro has proven to have a larger user base and a wider choice of non-crypto assets than Bityard. However, Bityard has a lot more crypto assets to trade with. The ease of registration is somewhat similar across the two platforms, although it is much easier to register with Bityard as new users can enjoy the full features of the platform without first making a minimum deposit.

In addition, the layout and user interface in Bityard has been shown to have superior features, thus providing a better trading experience. The welcome bonus and higher referral rewards on Bityard also make it a more attractive platform. Bityard trading fees are also relatively lower than eToro. In terms of security, both platforms have shown their high appreciation for increased security, which is remarkable.

Bityard Social Media:

Telegram Group: https://t.me/bityardindonesia
Twitter: https://twitter.com/Bityardofficial
Facebook: https://www.facebook.com/Bityardofficial/
Linkedin: https://www.linkedin.com/in/bityard/
Medium: https://medium.com/@bityardsns
Steemit: https://steemit.com/@bityard
Youtube: https://www.youtube.com/c/BityardOfficial/
App store apple: https://apps.apple.com/cn/app/id1530015018
Google play: https://play.google.com/store/apps/details?id=com.bityard.professional4