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.
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. It is accessible worldwide, with a strong emphasis 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 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. Getting Started with Bitrue
To start trading on Bitrue, you need to follow these simple steps:
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)
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 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.
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.
As for fees, Bitrue charges a flat 0.098% fee for both makers and takers, making it one of the more competitive exchanges in terms of 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 employs anti-phishing measures to prevent phishing attacks and protect user information.
VIII. 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 in the Bitrue ecosystem. BTR can be held in your account for many benefits including:
Discounted trading fees
Higher interest rates for the Power Piggy Program
Increased loan-to-value (LTV) ratios in Bitrue Loans
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 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 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
The Bitrue Ambassadors Program aims to grow the Bitrue community by rewarding users who actively promote the platform. Ambassadors may earn BTR tokens or other rewards for hosting events, creating content, and helping with community management.
XIV. Pros and cons
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
Passive income opportunities with Power Piggy
Bitrue loans and crypto-backed loans
KYC mandatory verification required for certain activities
Not all countries are supported due to regulatory restrictions
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.
Is Bitrue Exchange safe to use? 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 charges 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.