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. Bitrue Exchange is one such platform. 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
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.
Bitrue has low trading fees: Bitrue charges lower trading fees than other exchanges on the market.
Multilingual support: The platform supports multiple languages to cater to a global user base, making it easier 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.
Verify your email by clicking on the link sent to your inbox.
Set up two-factor authentication (2FA) for added security.
For certain activities like withdrawals, you must complete the KYC (Know Your Customer).
Deposit funds into your account and start trading.
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.
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.
Bitrue charges an flat 0.098% fee to both takers and makers, making it one the most competitive exchanges for 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 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 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. 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. 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 in 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
Increased loan-to-value (LTV) ratios in Bitrue Loans
Access to exclusive events and promotions
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. 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
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
Power Piggy offers passive income opportunities
Crypto-backed loans with Bitrue Loans
Mandatory KYC verification 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. 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.
Is Bitrue Exchange safe? 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 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. You can trade or deposit funds even if you have not completed the KYC process.