Exploring Bitrue Exchange: A User-Friendly Platform for Cryptocurrency Trading and Investing
I. Introduction
Welcome to the world cryptocurrency! Many platforms have emerged to cater for the growing demand for digital currencies. One such platform that has gained popularity is Bitrue Exchange. We will be discussing the features and fees of Bitrue Exchange, as well as trading pairs and supported cryptocurrencies in this article.
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Bitrue, a Singapore-based cryptocurrency exchange, was established in 2018. It is a platform that allows users to trade and invest in cryptocurrency. The platform is available globally, with a strong focus on customer service, security, and user experience.
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Bitrue’s Platform has a User-Friendly Interface. This makes it simple for both novice and expert traders to use the platform and make trades.
High liquidity: Bitrue has high liquidity which allows users to execute trades quickly at the best prices.
Low Trading Fees: Bitrue offers competitive trading fees, which are lower than many other exchanges in the market.
Multi-lingual support: Platform supports multiple languages, catering to a global user base and making it more accessible for non-English speakers.
API Integration: Bitrue offers API integration for developers and traders who wish to build custom trading tools and bots.
IV. Getting Started with Bitrue
To start trading on Bitrue, you need to follow these simple steps:
To create an account, visit the Bitrue website. Click on “Register”.
Complete the captcha verification by filling in the required information such as password and email.
Click on the link in your email to verify your email.
For added security, set up two-factor authentication (FA2)
For certain activities like withdrawals, you must complete the KYC (Know Your Customer).
Deposit funds into your account and start trading.
V. Supported Cryptocurrencies
Bitrue supports a variety of cryptocurrencies including Bitcoin (BTC), Ethereum(ETH), Ripple [XRP], Litecoin (“LTC”), and many others. The platform constantly adds new coins, so users always have access to the most exciting projects in crypto.
VI. Trading Pairs and Fees
Bitrue has many trading pairs. Most cryptocurrencies can be paired with BTC, Ethereum, XRP and BTR. This provides users with various options and flexibility when trading their digital assets.
Bitrue charges an flat 0.098% fee to both takers and makers, making it one the most competitive exchanges for trading fees. Additionally, users who hold Bitrue’s native token, BTR, can enjoy discounted trading fees depending on the amount of BTR they hold in their account.
VII. VII. Security Measures
Bitrue takes security seriously and has implemented several measures to protect users’ assets and information. These measures include:
Cold Storage: The majority of funds are kept in cold wallets that are offline and are less vulnerable to hacking attempts.
Multi-Signature Wallets – Bitrue uses multisignature wallets to increase security. Multiple approvals are required before transactions can be processed.
Two-Factor Authentication (2FA): Users are required to enable 2FA to access their accounts, adding an extra layer of protection.
Anti-Phishing Measures: Bitrue employs anti-phishing measures to prevent phishing attacks and protect user information.
VIII. Customer Support
Bitrue offers responsive and helpful customer support through various channels, including live and social media platforms like Twitter and Telegram. Support is available 24 hours a day to answer any questions or problems users may have.
IX. Bitrue Mobile App
Bitrue has a mobile app available for both iOS and Android devices, allowing users to manage their accounts, trade, and monitor their portfolios on the go. The app features a user-friendly interface and retains all the functionalities available on the desktop version, ensuring a seamless trading experience across platforms.
X. Bitrue Coin, (BTR).
Bitrue Coin (BTR), is the native utility token in the Bitrue ecosystem. Holding BTR in your account offers several benefits, including:
Discounted trading fees
Higher interest rates for the Power Piggy Program
Increased loan-to-value (LTV) ratios in Bitrue Loans
Exclusive events and promotions available
XI. Power Piggy
Power Piggy, Bitrue’s passive income program, allows users to earn interest from their cryptocurrency holdings. Bitrue will distribute the daily interest earned by users who deposit their coins in Power Piggy. BTR holders get preferential rates, as the interest rates are subject to change depending on cryptocurrency demand.
XII. Bitrue Loans
Bitrue Loans, a crypto-backed lending platform that allows users to borrow money using their cryptocurrency holdings. Users can access liquidity from their assets through this service. The interest rate and loan-to-value ratio (LTV) depend on the cryptocurrency being used as collateral. Holding BTR can increase LTV and lower interest rates.
XIII. Bitrue Ambassadors Program
Bitrue Ambassadors Program rewards users who promote the platform and helps to grow the community. Ambassadors may earn BTR tokens or other rewards for hosting events, creating content, and helping with community management.
XIV. Pros and cons
Pros:
User-friendly interface suitable for both beginners and experienced traders
Wide range of supported cryptocurrencies and trading pairs
BTR holders get discounts and competitive trading fees
Strong security measures in place
Responsive customer support available 24/7
Power Piggy offers passive income opportunities
Crypto-backed loans with Bitrue Loans
Cons:
KYC mandatory verification required for certain activities
Regulator restrictions may not allow all countries to be supported
Conclusion
Bitrue Exchange offers a safe and easy way to invest in and trade cryptocurrencies. With its wide range of supported coins, competitive fees, and various features like Power Piggy and Bitrue Loans, it caters to both beginners and experienced traders. While there are some limitations due to regulatory restrictions, Bitrue remains an attractive option for those looking to enter the world of digital assets.
XVI. FAQs
Is Bitrue Exchange safe? Yes, Bitrue has implemented various security measures, such as cold storage, multi-signature wallets, and 2FA, to protect users’ assets and information.
Bitrue offers a mobile app. Yes, Bitrue has a mobile app available for both iOS and Android devices, allowing users to trade and manage their accounts on the go.
What are the trading charges on Bitrue Exchange Bitrue charges an annual flat 0.098% fee to both takers and makers. BTR holders can receive discounted trading fees depending upon the amount of BTR they have.
What is Power Piggy? Power Piggy is Bitrue’s passive income program that allows users to earn interest on their cryptocurrency holdings by depositing them into the program.
Do I need to complete KYC verification to use Bitrue? KYC verification is mandatory for certain activities, such as withdrawals. You can trade or deposit funds even if you have not completed the KYC process.