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 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.
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 provides API integration to developers and traders who want to create custom trading tools and bots.
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.
Set up two-factor authentication (2FA) for added security.
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 variety of cryptocurrencies including Bitcoin (BTC), Ethereum(ETH), Ripple [XRP], Litecoin (“LTC”), and many others. 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 offers numerous trading pairs, with most cryptocurrencies paired against BTC, ETH, 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 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 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 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 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 in the Power Piggy program
Bitrue Loans: Higher loan-to-value ratios
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. Users can deposit their coins into Power Piggy, and Bitrue distributes the interest generated daily. 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. 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 may earn BTR tokens or other rewards for hosting events, creating content, and helping 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
KYC mandatory verification required 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. 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. 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.
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. However, you can still trade and deposit funds without completing the KYC process.