Frequently Asked Questions
What is Bitdaytrade and what purpose does it serve ?
Bitdaytrade is an exchange traded fund allowing you to trade commodities with Bitcoin (Gold only at the moment).
How can i use Bitdaytrade ?
Bitdaytrade gives you the ability to trade commodities like Gold, and coming soon Oil, Silver, and more.
You can leverage your trades up to 50:1, this means that with 1000 USD of investment you can trade up to 50.000 USD worth of contracts.
With Bitdaytrade you can take advantage of the price fluctuation of the commodities offered for trading to earn profits.
Can i deposit USD ?
No, you can only deposit Bitcoin, the value in Us Dollars of your Bitcoin will be calculated against the market latest quotation.
What are the contract specifications?
At the moment we do only offer Gold contracts. The minimum trading lot is 0.01 contracts. Standard lot for 1 (one) contract is 1 (one) Troy of gold.
Are there any fees?
There are no hidden fees, we earn money through the bid/ask spread commission.
Is this site safe ?
We do our best to implement the best industry practices and state of the art technologies, but this might not be perfect.
Do you handle physically the commodities offered for trading ?
We do mirror every trade on the real-world market but do not hold any reserve of any commodity whatsoever.
Is the market always open ?
The (Gold) market currently stops on Friday at 21:00 PM EST and trading starts again on Monday at 9:00 AM EST.
Can i withdraw USD ?
Withdrawals are only available in Bitcoin.
How often are withdrawals processed?
Withdrawals are processed every 15 minutes.
Can i make easy money with Bitdaytrade?
Bitdaytrade, nearly as every Forex-like trading platform, gives you the ability to leverage your profits as well as your losses.
Use it with common sense, do not risk more than you can afford to lose.
Do you require identify verification?
We do require identify verification for balances larger than 5.000,00 USD.