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. In this article, we will explore Bitrue Exchange in-depth, discussing its features, supported cryptocurrencies, trading pairs, fees, and more.
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.
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.
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 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”.
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.
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. Trading Pairs and Fees
Bitrue offers numerous trading pairs, with most cryptocurrencies paired against BTC, ETH, 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 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 multisignature wallets to increase security. Multiple approvals are required before transactions can be processed.
Two-Factor authentication (2FA): To access their accounts, users must enable 2FA. This adds an additional 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 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 of the Bitrue ecosystem. Holding BTR in your account offers several benefits, including:
Trading fees at a discount
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. Bitrue will distribute the daily interest earned by users who deposit their coins in Power Piggy. 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
The Bitrue Ambassadors Program aims to grow the Bitrue community by rewarding users who actively promote the platform. 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
Both novice and experienced traders will find it easy to use the user-friendly interface
Large range of supported cryptocurrencies, trading pairs
Competitive trading fees and discounts for BTR holders
Strong security measures in place
Responsive customer support available 24/7
Passive income opportunities with Power Piggy
Crypto-backed loans with Bitrue Loans
Mandatory KYC verification 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 to use? 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 fees on Bitrue Exchange? Bitrue charges a flat 0.098% fee for both makers and takers. 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 mandatory for certain activities, such as withdrawals. However, you can still trade and deposit funds without completing the KYC process.