Exploring Bitrue Exchange: A User-Friendly Platform for Cryptocurrency Trading and Investing
Welcome to the world of cryptocurrency! With the rapid rise of digital currencies, various platforms have emerged to meet the increasing demand for trading and investing in these digital assets. Bitrue Exchange is one such platform. In this article, we will explore Bitrue Exchange in-depth, discussing its features, supported cryptocurrencies, trading pairs, fees, and more.
II. What is Bitrue Exchange?
Bitrue is a Singapore-based cryptocurrency exchange that was founded 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.
User-friendly Interface: Bitrue’s platform is designed with a user-friendly interface, making it easy for beginners and experienced traders alike to navigate and execute trades.
High liquidity: Bitrue has high liquidity which allows users to execute trades quickly at the best prices.
Bitrue has low trading fees: Bitrue charges lower trading fees than other exchanges on 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.
These are the steps to get started trading on Bitrue
Visit the Bitrue website and click on “Register” to create an account.
Fill in the necessary information, such as email and password, and complete the captcha verification.
Verify your email by clicking on the link sent to your inbox.
For added security, set up two-factor authentication (FA2)
For certain activities like withdrawals, you must complete the KYC (Know Your Customer).
Start trading by depositing funds to your account.
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 gives users flexibility and options when trading digital assets.
As for fees, Bitrue charges a flat 0.098% fee for both makers and takers, making it one of the more competitive exchanges in terms of 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 multi-signature wallets for added security, requiring multiple approvals before transactions can be processed.
Two-Factor authentication (2FA): To access their accounts, users must enable 2FA. This adds an additional 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:
Trading fees at a discount
Higher interest rates in the Power Piggy program
Bitrue Loans: Higher loan-to-value ratios
Exclusive events and promotions available
XI. Power Piggy
Power Piggy is Bitrue’s passive income program that allows users to earn interest on their cryptocurrency holdings. Bitrue will distribute the daily interest earned by users who deposit their coins in Power Piggy. The interest rates vary depending on the cryptocurrency and demand, and BTR holders receive preferential rates.
XII. Bitrue Loans
Bitrue Loans is a crypto-backed lending service that allows users to borrow funds using their cryptocurrency holdings as collateral. 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 can earn BTR tokens and other rewards for their efforts in creating content, hosting events, or assisting with community management.
XIV. Pros and Cons
Both novice and experienced traders will find it easy to use the user-friendly interface
Large range of supported cryptocurrencies, trading pairs
Competitive trading fees and discounts for BTR holders
Strong security measures in place
Responsive customer support available 24/7
Passive income opportunities with Power Piggy
Bitrue loans and crypto-backed loans
Mandatory KYC verification for certain activities
Regulator restrictions may not allow all countries to be supported
Bitrue Exchange is a reliable and user-friendly platform for trading and investing in cryptocurrencies. It caters to both novice and expert traders thanks to its large range of supported coins and competitive fees. Bitrue is still a great option for anyone looking to get into the world of digital assets, despite some restrictions.
Is Bitrue Exchange safe to use? Yes, Bitrue has implemented various security measures, such as cold storage, multi-signature wallets, and 2FA, to protect users’ assets and information.
Does Bitrue offer 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 a flat 0.098% fee for both makers and takers. Users who hold BTR can enjoy discounted trading fees depending on the amount of BTR in their account.
What is Power Piggy? Power Piggy, Bitrue’s passive income program, allows users to earn interest from their cryptocurrency holdings by depositing them in the program.
To use Bitrue, do I have to submit KYC verification? KYC verification is required for certain activities such as withdrawals. However, you can still trade and deposit funds without completing the KYC process.