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. Bitrue Exchange is one such platform. 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 is a Singapore-based cryptocurrency exchange that was founded in 2018. It is a platform that allows users to trade and invest in cryptocurrency. It is accessible worldwide, with a strong emphasis on customer service, security and user experience.
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.
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.
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. The platform constantly adds new coins, so users always have access to the most exciting projects in crypto.
VI. Trading Pairs and Fees
Bitrue offers numerous trading pairs, with most cryptocurrencies paired against BTC, ETH, 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. VII. Security Measures
Bitrue is serious about security and has taken several steps to ensure that users’ information and assets are protected. 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 uses anti-phishing methods to protect users’ information and prevent phishing attacks.
VIII. 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 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 is Bitrue’s passive income program that allows users to earn interest on 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. This service provides a way for users to access liquidity of their assets. 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
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
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
Bitrue loans and crypto-backed loans
Mandatory KYC verification 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. It caters to both novice and expert traders thanks to its large range of supported coins and competitive fees. 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? Yes, Bitrue has implemented various security measures, such as cold storage, multi-signature wallets, and 2FA, to protect users’ assets and information.
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.
To use Bitrue, do I have to submit KYC verification? KYC verification is required for certain activities such as withdrawals. However, you can still trade and deposit funds without completing the KYC process.