Decentralized trade with a variety of cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and more. Market makers and liquidity providers welcome.

Why BityX?

It’s a place you can go if you want to buy low and sell high. BityX is a combination of the best of both worlds—the simplicity and security of bityx exchange and the versatility and reliability of traditional investing.

How Does It Work?

BityX is a decentralized, cryptocurrency-only stock exchange. What this means is that there is no need to trust (and potentially lose) your money with a third party. When you buy or sell stock on BityX, you’re essentially trading direct with other traders. There is no middleman or third party involved in the transaction. This reduces the risk of fraud and abuse.

BityX also makes use of smart contracts. These are automated tools that remove the need for human intervention and error-prone processes when executing a trade. Smart contracts enable highly efficient and transparent trades without the need for middlemen. They also provide the ability to track the status of each trade and verify that all parties acted in good faith. BityX is one of the first platforms of its kind, and it’s been years in the making. The team is dedicated to providing the absolute best user experience imaginable. When you trade on BityX, you’re essentially trading direct with other traders. There is no middleman or third party involved in the transaction. This reduces the risk of fraud and abuse.

Features

BityX is a self-described ‘hybrid exchange’, which strives to combine the best of both worlds—the simplicity and security of cryptocurrency with the features and reliability of a traditional stock exchange. To that end, BityX provides the following features:

• Fully compliant with securities regulations.
• Access to over 70 markets (more than 40 cryptocurrency markets or commodities markets).
• High performance, low latency, and high reliability.
• Optional limited orders and stops (depending on your account type you may place limits on your orders).
• Margin trading.
• Multilingual interface (English, Japanese, and Chinese).
• Mobile apps for Android and iOS.
• Dollars and Euro (for EU members).

Community

BityX is committed to providing a safe and secure environment for its customers. To that end, the platform uses 2-factor authentication for login and security cameras located around the exchange platform. The community of BityX is also committed to promoting a welcoming, open, and positive environment. As such, BityX has a 24/7 live chat support team available to assist with any questions you may have. The community also uses social media to keep in touch and provide updates on new features, security, and more.

How Do I Use BityX?

To get started, simply visit the BityX website and click on the ‘Sign Up’ button. Alternatively, you can also download the platform directly to your desktop. Either way, you’ll be taken to the ‘Sign In’ page where you can use your email address and password to log in.

As a first time user, you will need to select a username and password. Depending on your choice of account type, you’ll be presented with a list of markets and tools for you to choose from. For instance, if you’re a traditional investor, you may want to choose between stocks and bonds. Once you’ve made your selection, click on the ‘Sign Up’ button to continue to the dashboard.

The dashboard of BityX provides you with a variety of information including news, social media activity, website traffic, and more. To the right of the dashboard, you’ll find three tabs: ‘Accounts’, ‘Tools’, and ‘Markets’. Below these tabs, you’ll see a variety of tools and information—some of which are more relevant depending on your choice of account type. Let’s take a closer look at each tab.

Accounts

In the accounts section of BityX, you’ll find three account types—legacy, basic, and full—along with an option to create a custom account. You may also have a look at your summary of trading activity to determine which account type you should use based on your existing investing experience. For instance, if you’re a seasoned investor, you may want to consider the basic account for more flexible trading. If you’re new to the stock market, the full account may be the best option since it provides you with more features and tools. In any case, the goal is to find a balance between security and flexibility.

As a first time user, you’ll have to choose either the basic or the legacy account. The basic account provides many of the features available on the legacy account along with the added benefits of the cryptocurrency world. The reason for this is to ensure that the experience of a first-time user is as simple, safe, and easy to use as possible. To start, you’ll want to set your ‘Minimum Initial Deposit’ to either $1, $10, or $25. This is to provide you with some flexibility when choosing your initial balance. Keep in mind that the minimum deposit requirement varies by country. As a general rule of thumb, the lower the minimum deposit, the less cumbersome the process (and the less risk you bear). To continue, simply choose either the Buy or the Sell button to go into a specific market. You can also use the ‘Map’ feature to locate specific markets or choose from one of the 70 available markets globally.

Markets

In the markets section of BityX, you’ll find a variety of markets including stocks, futures, indexes, crypto currencies, and more. As a first time user, you may want to start with the basic stock market to build your knowledge base before exploring other markets. You may also want to consider using a crypto currency for your investment since these digital assets are known for their sharp price fluctuations. When selecting a market, you want to make sure that you’re trading in an environment that is regulated and offers the security you need. For instance, if you’re not comfortable buying stocks during normal U.S. business hours, you may want to avoid places like OTC markets and choose a regulated exchange such as the New York Stock Exchange or NASDAQ. The reason for this is to ensure that trades are executed in a secure and timely manner. Furthermore, if you’re new to investing, you may want to consider using a managed account which provides you with additional benefits.

Tools

The tools section of BityX provides you with a variety of ways to make your investment easier. The goal is to provide the best experience for first-time and experienced investors alike. One of the great features of BityX is the diversity of tools available for both traditional and cryptocurrency investors. To that end, the platform provides a ‘Watch List’ (accessible from the ‘Accounts’ section along with the ‘Markets’ section) which keeps track of certain cryptocurrencies (or token) you might want to consider investing in. Another great feature of the tools section is how much information is provided for each tool—ensuring that you can easily find what you need without getting lost in a sea of numbers.

To start, you’ll want to use one of the demo accounts to familiarize yourself with the interface. Once you’re comfortable with the basics, you can move over to your personal account and begin investing in the markets.