Bitrue Tax

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. We will be discussing the features and fees of Bitrue Exchange, as well as trading pairs and supported cryptocurrencies in this article.

II. II.

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 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.

IV. IV.

To start trading on Bitrue, you need to follow these simple steps:

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.

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).

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. VI.

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.

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 is serious about security and has taken several steps to ensure that users’ information and assets are protected. 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 uses anti-phishing methods to protect users’ information and prevent phishing attacks.

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 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. 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

Exclusive events and promotions available

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 is a crypto-backed lending service that allows users to borrow funds using their cryptocurrency holdings as collateral. 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

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

Power Piggy offers passive income opportunities

Crypto-backed loans with Bitrue Loans

Cons:

KYC mandatory verification required for certain activities

Not all countries are supported due to regulatory restrictions

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? Bitrue has taken various security measures to protect information and assets, including cold storage and multi-signature wallets.

Bitrue offers 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 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.

Do I need to complete KYC verification to use Bitrue? KYC verification is required for certain activities such as withdrawals. However, you can still trade and deposit funds without completing the KYC process.

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