BitYard Review | Crypto Exchange Guide For Casino Players

What is BitYard Exchange?

BitYard Exchange is a, relatively, one-stop trading platform, based in Singapore. This exchange is available in over 150 countries and offers lots of basic and advanced features that are great for crypto traders and even online casino players.

While crypto traders can appreciate features like leverage when buying and selling crypto, casino players can also look forward to adjustable transaction fees. BitYard is one of the very few crypto exchange platforms that enable users to adjust fees according to their liking.

Fees can be as low as 5 USDT or as high as 20,000 USDT and this is great if you are planning to get as much crypto as you can for your next online casino session.

There are a few downsides, unfortunately. Two of the biggest downsides are not being able to stake investments or not being able to withdraw funds in fiat currency. Despite the downsides, BitYard has become a very popular crypto-exchange platform, which is especially impressive for a crypto-trading platform that isn’t even 5 years old.

BitYard Overview

BitYard started operation in 2019. Their main headquarters are located in Singapore. Their services are regulated by American Money Services Businesses, the Estonian Financial Crimes Enforcement Network of the European Union, and the Singaporean accounting and Corporate Regulatory Authority.

BitYard’s aim is to make complicated trades seem easy. While other platforms can make advanced crypto trading seem daunting, BitYard uses various tools to make simplify it. Because of these reasons, BitYard may not seem all that useful to online casino players who only need to fund their crypto accounts. Fortunately, the company also incorporates adjustable fees.

Depending on how much the users are willing to pay, the transactions will be done faster. In the case of online casino players, if they don’t mind waiting a bit, they can simply pay the lowest fees (5 USDT per transaction). This is one of the best places for crypto trading if you can’t stand high transaction fees.

BitYard is also incredibly easy to set up and use. Creating an account only takes a few minutes without any KYC at all. While BitYard hasn’t existed for a very long time, ever since it was operational it has never had a major attack. BitYard’s security is tight and, since writing this, has never been breached.

Pros and Cons of BitYard Exchange

Using BitYard in Online Casinos

Using BitYard for online casinos is perfectly serviceable. Users can buy, store and sell their cryptocurrencies using a BitYard account. What makes BitYard a better choice than most online casinos is that it offers very low fees during crypto trading.

This lets casino players save some of their precious Bitcoin (or other cryptocurrencies) for a few extra spins at the casino. The account is also pretty easy to set up unlike lots of other crypto exchanges out there.

One thing that might drive away players is that BitYard does not allow any fiat withdrawals. In fact, BitYard only allows users to withdraw in Tether (USDT) which can be a turn-off. If you are planning to buy and use a BitYard account for online casinos, make sure you have accounts on other crypto trading services for withdrawing funds in fiat currency.

PC App

BitYard can be accessed on almost all platforms, including the PC. While users are able to do everything by simply logging in to their account page using a browser, BitYard also allows users to download their PC app. Using the app has several advantages to the browser versions.

• Users don’t have to log in every time they open the app
• Having the app on their desktop / pc makes it easier to access
• Faster performance
• Can run independently of the browser
• It can be used simultaneously while playing casino games

While it’s not necessary, the app is a handy tool for accessing your funds.

Mobile App

Just like all crypto exchange platforms out there, BitYard also has a mobile app. The mobile app is able to do everything that the PC version can do as well. Online casino players that play on mobile will be happy to know that with this app, they won’t really need the pc version at all.

Apart from having all the features of other versions, the BitYard app also includes features like two-factor authentication, face id recognition, QR code scanning, and other minor but useful features. The app can be downloaded via Google Play Store and Apple AppStore.

Security

Security is something that BitYard takes very seriously. Unlike most other exchanges out there, BitYard itself is decentralized and has nodes all over the world. It would take an incredible amount of work, time, and money to even attempt to hack the BitYard system. Since writing this, the platform has never been hacked.

Other than that, it offers basic features like basic account encryption, passphrases, two-factor authentication, and others. Users who create wallets should keep their passphrases in safe physical locations.
It is important to note that, unlike other crypto exchange platforms, BitYard does not have any KYC.

Fees

One of the main draws of the BitYard exchange is its adjustable trading fees. Whenever an exchange happens, the buyer (and sometimes the seller) can choose how much they wish to pay in fees. Fees can be as low as 5 USDT or as high as 20,000 USDT. The higher the fee, the faster the transaction completes.

Unfortunately, this means that users might end up waiting for days until they receive their cryptocurrency from BitYard. This is also another reason why many users may wish to avoid the platform and stick to a different one that has higher fees but faster transactions.

BitYard Customer Support

BitYard has a really dedicated customer support team. The platform offers email support, 24/7 live chat support, and a robust FAQ section. Players can contact the platform whenever and check on their trades and solve any problems they might be facing. Many players who use BitYard claim that their customer services are pretty great.

The BitYard platform, as well as the customer support, focuses on crypto derivatives and is available in the following languages:

• English, Russian, Chinese (simplified and traditional), Vietnamese, Korean, Japanese, and Indonesian.

User Reviews

What users like

• Adjustable fees – Users, and casino players especially, really like the adjustable trading fees at BitYard. When using trading services like crypto exchanges, fees usually pile up and users end up getting a lot less than they initially hoped for. With adjustable fees, players can save money and use it on better things like more spins on slot games.
• No KYC – Users also like how there is no KYC at BitYard. Anonymity is something that many players like to have and with BitYard there won’t be a paper trail leading from the casino to the crypto exchange, just a couple of wallet addresses.
• The ability to use leveraged funds for trading – Many crypto enthusiasts are huge fans of leveraged trading which allows them to make better deals than they normally would by using borrowed funds.

What users dislike

• No way to withdraw funds in fiat currency – Users dislike how needlessly difficult it is to withdraw funds from BitYard. Users can withdraw funds but it can only be done in USDT. This means that casino players need to create a separate wallet on a different crypto exchange website so they can turn their cryptocurrency into fiat. Because of this, we only recommend BitYard to players who generally hold a decent amount of crypto and who don’t mind transferring funds from one wallet to another.
• Slow transaction speed – While lower fees are a great bonus, the transactions themselves can take quite a while. If users pay the minimum amount for the trading services, they could potentially wait for a few days before the funds reach their wallets.
• No staking – Users aren’t happy that they cannot stake their crypto and receive rewards over time. This is because BitYard is more about trading than simply holding onto cryptocurrency.

Is BitYard Trustworthy?

Yes, BitYard is a trustworthy crypto trading platform with a straightforward interface that ensures easy navigation. Casino players who also happen to be crypto-enthusiasts will also find the exchange useful. It’s a great place to get started on your crypto gambling because you can get your hands on different coins at better prices.

On the other hand, if you want to buy crypto just so you can visit one crypto casino (and convert them back into fiat), then perhaps joining BitYard isn’t the best idea. What BitYard does, it does really well, but these features are only really useful for advanced crypto users.

Thank you for reading our BitYard review! We hope that this information has helped you in making your decision about this exchange platform.