Exploring Bitrue exchange: A user-friendly platform for cryptocurrency trading and investing
Welcome to the world 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. 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.
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.
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 boasts high liquidity, ensuring that users can execute trades quickly and at the best possible 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.
These are the steps to get started trading on Bitrue
Visit the Bitrue website and click on “Register” to create an account.
Complete the captcha verification by filling in the required information such as password and email.
Verify your email by clicking on the link sent to your inbox.
For added security, set up two-factor authentication (FA2)
Complete the KYC (Know Your Customer) verification process, which is mandatory for certain activities, like withdrawals.
Start trading by depositing funds to your account.
V. Supported Cryptocurrencies
Bitrue supports a wide range of cryptocurrencies, including popular ones like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many more. In addition, the platform continually adds new coins to its offering, ensuring that users have access to the latest and most promising projects in the crypto space.
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.
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): Users are required to enable 2FA to access their accounts, adding an extra layer of protection.
Anti-Phishing measures: Bitrue uses anti-phishing methods to protect users’ information and prevent phishing attacks.
VIII. Customer Support
Bitrue provides responsive and helpful customer service through various channels including Twitter, Telegram, and live. The support team is available 24/7 to assist users with any issues or queries they may have.
IX. Bitrue Mobile App
Bitrue offers a mobile app for iOS and Android that allows users to trade, manage and monitor their portfolios from anywhere. 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. BTR can be held in your account for many benefits including:
Trading fees at a discount
Higher interest rates for 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. BTR holders get preferential rates, as the interest rates are subject to change depending on cryptocurrency demand.
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 loan-to-value (LTV) ratio and interest rates depend on the type of cryptocurrency used as collateral, and holding BTR can increase the LTV ratio 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
Both novice and experienced traders will find it easy to use the user-friendly interface
Large range of supported cryptocurrencies, trading pairs
BTR holders get discounts and competitive trading fees
Strong security measures in place
Responsive customer support available 24/7
Passive income opportunities with Power Piggy
Bitrue loans and crypto-backed loans
KYC mandatory verification required for certain activities
Regulator restrictions may not allow all countries to be supported
Bitrue Exchange offers a safe and easy way to invest in and trade cryptocurrencies. It caters to both novice and expert traders thanks to its large range of supported coins and competitive fees. While there are some limitations due to regulatory restrictions, Bitrue remains an attractive option for those looking to enter the world of digital assets.
Is Bitrue Exchange safe? Bitrue has taken various security measures to protect information and assets, including cold storage and multi-signature wallets.
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. BTR holders can receive discounted trading fees depending upon the amount of BTR they have.
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.
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.