Exploring Bitrue Exchange: A User-Friendly Platform for Cryptocurrency Trading and Investing
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.
II. What is Bitrue Exchange?
Bitrue is a Singapore-based cryptocurrency exchange that was founded in 2018. It aims to provide users with a secure, user-friendly, and cost-effective platform for trading and investing in cryptocurrencies. The platform is available globally, with a strong focus on customer service, security, and user experience.
III. Bitrue Exchange Features
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.
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.
IV. Getting Started with Bitrue
These are the steps to get started trading on Bitrue
To create an account, visit the Bitrue website. Click on “Register”.
Fill in the necessary information, such as email and password, and complete the captcha verification.
Click on the link in your email to verify your email.
Set up two-factor authentication (2FA) for added security.
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 variety of cryptocurrencies including Bitcoin (BTC), Ethereum(ETH), Ripple [XRP], Litecoin (“LTC”), and many others. 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.
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: 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 employs anti-phishing measures to prevent phishing attacks and protect user information.
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 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. BTR can be held in your account for many 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, Bitrue’s passive income program, allows users to earn interest from their cryptocurrency holdings. Users can deposit their coins into Power Piggy, and Bitrue distributes the interest generated daily. The interest rates vary depending on the cryptocurrency and demand, and BTR holders receive preferential rates.
XII. Bitrue Loans
Bitrue Loans, a crypto-backed lending platform that allows users to borrow money using their cryptocurrency holdings. This service provides a way for users to access liquidity of their assets. 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 can earn BTR tokens and other rewards for their efforts in creating content, hosting events, or assisting with community management.
XIV. Pros and cons
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
Bitrue loans and crypto-backed loans
KYC mandatory verification required for certain activities
Not all countries are supported due to regulatory restrictions
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. 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 fees 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.
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.