How To Trade In Uphold

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, a Singapore-based cryptocurrency exchange, was established 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 has high liquidity which allows users to execute trades quickly at the best 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 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

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.

Verify your email by clicking on the link sent to your inbox.

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 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 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. Users who have Bitrue’s native token BTR can receive discounted trading fees depending upon the amount of BTR 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 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. 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. Holding BTR in your account offers several benefits, including:

Discounted trading fees

Higher interest rates for the Power Piggy Program

Increased loan-to-value (LTV) ratios in Bitrue Loans

Exclusive events and promotions available

XI. Power Piggy

Power Piggy is Bitrue’s passive income program that allows users to earn interest on 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 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:

Both novice and experienced traders will find it easy to use the user-friendly interface

Wide range of supported cryptocurrencies and trading pairs

Competitive trading fees and discounts for BTR holders

Strong security measures in place

Responsive customer support available 24/7

Power Piggy offers passive income opportunities

Bitrue loans and crypto-backed loans

Cons:

Mandatory KYC verification 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. 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.

Bitrue offers 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. Users who hold BTR can enjoy discounted trading fees depending on the amount of BTR in their account.

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 mandatory for certain activities, such as withdrawals. However, you can still trade and deposit funds without completing the KYC process.

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