Exploring Bitrue exchange: A user-friendly platform for cryptocurrency trading and investing
Welcome to the world of 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.
II. What is Bitrue Exchange?
Bitrue, a Singapore-based cryptocurrency exchange, was established 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.
III. Bitrue Exchange Features
Bitrue’s Platform has a User-Friendly Interface. This makes it simple for both novice and expert traders to use the platform and make 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 offers API integration for developers and traders who wish to build custom trading tools and bots.
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.
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 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 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: Majority of the funds are stored in cold wallets, which are offline and less susceptible to hacking attempts.
Multi-Signature Wallets: Bitrue uses multi-signature wallets for added security, requiring multiple approvals 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. The support team is available 24/7 to assist users with any issues or queries they 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. BTR can be held in your account for many benefits including:
Discounted trading fees
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, 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
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
Both novice and experienced traders will find it easy to use the user-friendly interface
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
Crypto-backed loans with Bitrue Loans
Mandatory KYC verification 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. 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? Bitrue has taken various security measures to protect information and assets, including cold storage and multi-signature wallets.
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 charges 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, 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. You can trade or deposit funds even if you have not completed the KYC process.