Exploring Bitrue exchange: A user-friendly platform for cryptocurrency trading and investing
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. What is Bitrue Exchange?
Bitrue, a Singapore-based cryptocurrency exchange, was established 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 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.
These are the steps to get started trading on Bitrue
Visit the Bitrue website and click on “Register” to create an account.
Complete the captcha verification by filling in the required information such as password and email.
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 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.
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. Additionally, users who hold Bitrue’s native token, BTR, can enjoy discounted trading fees depending on the amount of BTR they hold 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. 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 of the Bitrue ecosystem. BTR can be held in your account for many benefits including:
Trading fees at a discount
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, Bitrue’s passive income program, allows users to earn interest from 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 can earn BTR tokens and other rewards for their efforts in creating content, hosting events, or assisting 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
Power Piggy offers passive income opportunities
Crypto-backed loans with Bitrue Loans
KYC mandatory verification required for certain activities
Not all countries are supported due to regulatory restrictions
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? Yes, Bitrue has implemented various security measures, such as cold storage, multi-signature wallets, and 2FA, to protect users’ assets and information.
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 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 required for certain activities such as withdrawals. However, you can still trade and deposit funds without completing the KYC process.