Exploring Bitrue Exchange: A User-Friendly Platform for Cryptocurrency Trading and Investing
I. Introduction
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. 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.
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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.
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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 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.
Multilingual support: The platform supports multiple languages to cater to a global user base, making it easier for non-English speakers.
API Integration: Bitrue provides API integration to developers and traders who want to create custom trading tools and bots.
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These are the steps to get started trading on Bitrue
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.
Set up two-factor authentication (2FA) for added security.
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 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 offers numerous trading pairs, with most cryptocurrencies paired against BTC, ETH, 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. Users who have Bitrue’s native token BTR can receive discounted trading fees depending upon the amount of BTR in their account.
VII. Security Measures
Bitrue is serious about security and has taken several steps to ensure that users’ information and assets are protected. These measures include:
Cold Storage: Majority of the funds are stored in cold wallets, which are offline and less susceptible 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 uses anti-phishing methods to protect users’ information and prevent phishing attacks.
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Bitrue offers responsive and helpful customer support through various channels, including live and social media platforms like Twitter and Telegram. 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. It has a simple interface, and all of the functionality available in the desktop version. This allows for seamless trading across platforms.
X. Bitrue Coin, (BTR).
Bitrue Coin (BTR) is the native utility token of the Bitrue ecosystem. Holding BTR in your account offers several benefits, including:
Discounted trading fees
Higher interest rates in the Power Piggy program
Bitrue Loans: Higher loan-to-value ratios
Access to exclusive events and promotions
XI. Power Piggy
Power Piggy is Bitrue’s passive income program that allows users to earn interest on their cryptocurrency holdings. Users can deposit their coins into Power Piggy, and Bitrue distributes the interest generated daily. 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 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
The Bitrue Ambassadors Program aims to grow the Bitrue community by rewarding users who actively promote the platform. 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
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
Crypto-backed loans with Bitrue Loans
Cons:
Mandatory KYC verification for certain activities
Regulator restrictions may not allow all countries to be supported
Conclusion
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.
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.
Does Bitrue offer a mobile app? Bitrue offers a mobile app for iOS and Android that allows users to trade and manage accounts from anywhere.
What are the trading charges on Bitrue Exchange Bitrue charges an annual flat 0.098% fee to both takers and makers. 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.
Do I need to complete KYC verification to use Bitrue? KYC verification is required for certain activities such as withdrawals. You can trade or deposit funds even if you have not completed the KYC process.