Exploring Bitrue Exchange: A User-Friendly Platform for Cryptocurrency Trading and Investing
I. Introduction
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. In this article, we will explore Bitrue Exchange in-depth, discussing its features, supported cryptocurrencies, trading pairs, fees, and more.
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. III.
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.
Bitrue has low trading fees: Bitrue charges lower trading fees than other exchanges on 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.
IV. Getting Started with Bitrue
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.
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).
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. The platform constantly adds new coins, so users always have access to the most exciting projects in crypto.
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.
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. 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 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. Support is available 24 hours a day to answer any questions or problems users 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 in the Bitrue ecosystem. Holding BTR in your account offers several benefits, including:
Trading fees at a discount
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, a crypto-backed lending platform that allows users to borrow money using their cryptocurrency holdings. Users can access liquidity from their assets through this service. 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
Pros:
User-friendly interface suitable for both beginners and experienced traders
Wide range of supported cryptocurrencies and 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
Cons:
Mandatory KYC verification for certain activities
Not all countries are supported due to regulatory restrictions
Conclusion
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.
XVI. FAQs
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.
To use Bitrue, do I have to submit KYC verification? KYC verification is required for certain activities such as withdrawals. You can trade or deposit funds even if you have not completed the KYC process.