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Exploring Bitrue exchange: A user-friendly platform for cryptocurrency trading and investing

I. Introduction

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. 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. II.

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. It is accessible worldwide, with a strong emphasis on customer service, security and user experience.

III. III.

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.

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.

For added security, set up two-factor authentication (FA2)

For certain activities like withdrawals, you must complete the KYC (Know Your Customer).

Deposit funds into your account and start trading.

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. 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. 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 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 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:

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, Bitrue’s passive income program, allows users to earn interest from 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 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

Pros:

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

Passive income opportunities with Power Piggy

Bitrue loans and crypto-backed loans

Cons:

KYC mandatory verification required for certain activities

Regulator restrictions may not allow all countries to be supported

Conclusion

Bitrue Exchange offers a safe and easy way to invest in and trade cryptocurrencies. With its wide range of supported coins, competitive fees, and various features like Power Piggy and Bitrue Loans, it caters to both beginners and experienced traders. While there are some limitations due to regulatory restrictions, Bitrue remains an attractive option for those looking to enter the world of digital assets.

XVI. FAQs

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? 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, 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 mandatory for certain activities, such as withdrawals. You can trade or deposit funds even if you have not completed the KYC process.

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