Hello Guys Today we come with one most popular exchange review Called Bitrue on special request of our users.
Bitrue stands out among different exchanges and in this review we will have a look at the features that are beneficial for both the beginners and the seasoned traders. If you are questioning “Is Bitrue safe?” or how safe your assets are we have you covered in this review.
The site combines several features: strong Bitrue security measures, effective trading capabilities and lots of available cryptocurrencies, which makes it giving the user the most confidence as a platform.
We will also consider the advantages of Bitrue, the fees charged on its use, the safety protocols employed and customer support options available, enabling you decide whether the currency trading exchange fits your needs in the fiercely competitive landscape of crypto trading.
Introduction
Bitrue is a leading cryptocurrency exchange offering access to 700+ cryptocurrencies, with services including spot trading, futures, OTC, staking, copy trading, and more.
They rank globally in the top tiers for trading volume, notably in XRP trading. The platform provides a broad range of staking options, diverse trading pairs, and specialized ETFs, attracting investors with APRs up to 55%. Bitrue has played a pivotal role in industry growth through global partnerships with projects like XRP and ADA, pioneering support for Cardano’s native assets.
With a strong commitment to security and customer protection, Bitrue aims to facilitate financial opportunities within the cryptocurrency and digital economy, contributing to its ongoing evolution.
Know Quick Details About Bitrue
| Feature | Details |
|---|---|
| Fees | 0.098% flat fee for takers and makers |
| Security | 2FA, cold storage, encryption |
| Supported Cryptos | Wide range, including BTC, ETH, XRP, and more |
| Withdrawal Fees | 0.0005 BTC for BTC withdrawals |
| Deposit Methods | Credit card (USD, EUR), future plans for more |
| Mobile App | Available for iOS and Android |
| Customer Support | 24/7 customer service |
| Global Reach | Available in many countries, but some restrictions |
| Trading Options | Spot trading, staking, futures |
| User Interface | Beginner-friendly and intuitive |
Some Popular Token Available On This Exchange
| Token Symbol | Token Name | Category | Key Use Case | Blockchain |
|---|---|---|---|---|
| BTC | Bitcoin | Cryptocurrency | Digital store of value | Bitcoin |
| ETH | Ethereum | Smart Contract Platform | DeFi, DApps | Ethereum |
| XRP | Ripple | Cryptocurrency | Cross-border payments | Ripple |
| ADA | Cardano | Smart Contract Platform | DeFi, DApps | Cardano |
| BNB | Binance Coin | Cryptocurrency | Exchange token, DApps | BNB Chain |
| SOL | Solana | Smart Contract Platform | High-performance DApps | Solana |
| MATIC | Polygon | Layer 2 Solution | Scaling Ethereum | Ethereum |
| DOGE | Dogecoin | Meme Coin | Tipping, Peer-to-peer transactions | Dogecoin |
| SHIB | Shiba Inu | Meme Coin | Decentralized Ecosystem | Ethereum |
| AVAX | Avalanche | Smart Contract Platform | High-speed blockchain | Avalanche |
Trading Fees on Bitrue
This exchange does not have a separate fee structure for takers and makers; rather, they have a very simple percentage charge of 0.098%. This is a low rate compared to the global average of around 0.25% and even lower compared to Singapore’s industry average.
The Singapore average taker fee for Coinut, COSS, Coinhako, Cointiger, DragonEX, Coinhub and Tokenomy exchanges sits at 0.29%, with the average maker fee sitting at 0.21%. Bitrue’s flat fee percentage of 0.098% is lower than the country’s averages.
Bitrue Withdrawal Fees
For those looking to withdraw BTC, the exchange charges 0.0005 BTC, which is lower than the global average of 0.000812 BTC which makes it a better option for the consumer.
Deposit Methods
Wire transfers are not offered as an option but credit card deposits can be used for USD and EUR currency exchanges, with plans to expand to six more fiat currencies.
For first time crypto investors this exchange is perfect as it lets you deposit fiat currency, and credit card deposits make it even easier to get started.
2. Futures Trading Fees
Please see the table below for the full list of active trading pairs on Bitrue and their related futures trading fees.
| Trading Pair | Maker | Taker |
| BTC-USDT | 0.02% | 0.06% |
| ETH-USDT | 0.02% | 0.06% |
| BCH-USDT | 0.02% | 0.06% |
| TRX-USDT | 0.02% | 0.06% |
| EOS-USDT | 0.02% | 0.06% |
| XRP-USDT | 0.02% | 0.06% |
| ADA-USDT | 0.02% | 0.06% |
| VET-USDT | 0.02% | 0.06% |
| SOL-USDT | 0.02% | 0.06% |
| ETC-USDT | 0.02% | 0.06% |
| LINK-USDT | 0.02% | 0.06% |
| XLM-USDT | 0.02% | 0.06% |
| BNB-USDT | 0.02% | 0.06% |
| DOT-USDT | 0.02% | 0.06% |
| DOGE-USDT | 0.02% | 0.06% |
| HBAR-USDT | 0.02% | 0.06% |
| HOT-USDT | 0.02% | 0.06% |
| MATIC-USDT | 0.02% | 0.06% |
| LUNA-USDT | 0.02% | 0.06% |
| THETA-USDT | 0.02% | 0.06% |
| GALA-USDT | 0.02% | 0.06% |
| LTC-USDT | 0.02% | 0.06% |
| ATOM-USDT | 0.02% | 0.06% |
| OMG-USDT | 0.02% | 0.06% |
| AXS-USDT | 0.02% | 0.06% |
| FIL-USDT | 0.02% | 0.06% |
| XTZ-USDT | 0.02% | 0.06% |
| UNI-USDT | 0.02% | 0.06% |
How to Start Trading on Bitrue
To begin transacting on Bitrue, take the following actions:
Set Up an Account
Go to the Bitrue website and submit your details to create your account. You may be required to complete certain requirements including KYC which entails identifying oneself, depending on where you are located.
Fund Your Account:
After setting an account successfully, your next step is to load some money into the account. Bitrue allows deposits of a variety of cryptocurrencies and stablecoins like USDT and USDC for which they have an account.
Create a Trust Account
Open your trust account in the trading section if you wish to engage in futures trading by navigating to that section. However, if you wish to participate in spot trading, there is no requirement to create an account.
Decide On a Trading Type
You can choose from spot or futures depending on how you want to trade. Buying and selling of crypto currencies is done instantly which is what spot trading entails, futures trading however, offers hedging against not only the current price but the future price of the cryptocurrency with regards to speculation.
Put In Your Orders
In spot trading you will choose the coin pair and then either make a “Limit” or “Market” Order. Setting a specific price and quantity is done by using Limit orders where as Market orders are sold at the prevailing best price.
Begin To Trade
Click “Bid” which is used to buy orders or click “Ask” which is used to sell orders after all your orders have been set in place. Your trades will require you to monitor them in order to keep adjusting your strategy.
Cashout
To grab your assets, head to the withdraw section to transfer your coins or cash to your wallet.
For further information, you may check out Bitrue’s website on instructions and tutorials for a detailed description of the platform’s features.
Bitrue Crypto Direct Purchases
In case you have no crypto yet or want to have more, you can use your credit card or bank account to purchase crypto directly on Bitrue. Simplex, an external cryptocurrency payment processor, powers the service.
The charge of 3.5% is Bitrue’s basic fee for buying crypto. In addition to USD, crypto can be purchased with 10 more FIAT currencies such as EURO, GBP, CAD, etc. There’s no need to do KYC verification in order to purchase crypto on Bitrue.
Interest-Earn Program
In addition to spot trading, Bitrue was also the very first exchange to introduce the “interest-earn program”, with more than 10 cryptos covered and an annual percentage rate of 15 percent. They also pioneered in launching crypto-backed loans on exchanges.
Liquidity
Bitrue appears to have outperformed many other exchanges in terms of liquidity. as per the last review update (2 December 2021), the exchange had about USD 2.3 billion in 24 hour trading volume. This is definitely a good technology level study. However, this exchange still has some distance to cover if it wants to be among the top 10 exchanges. On this date, Binance was at the top of the leaderboard with a trading volume close to USD 30 billion…
Bitrue Services and Features
Spot Trading
The buying and selling of cryptocurrencies takes place in minutes with Bitrue which provides a great fee range alongside great trading pairs. The platform has a customer friendly structure that works great for both the new and experienced traders by providing historical data and premium graphing features in real time.
Futures Trading
Bitrue has a provision for derivatives trading that includes leveraging only for up to 5x on futures contracts. This provision allows traders to press the issues on price variations in the cryptocurrency market and even settle any existing positions. With provision in place for market security and solid risk interaction measures, users can participate in futures trading with less fear of loss.
Power Piggy
A savings program created by Bitrue that enables customers to earn interest every day on their cryptocurrencies by depositing for any time frame. This leads to a passive growth of the assets when a customer joins this program with a possibility to have the funds returned at any time without being fined.
Staking
Users may use their cryptocurrencies to receive benefits from their locking up during the staking process because Bitrue offers staking services. This action enhances the security and function of the network while also providing good returns to the participants of the network. Bitrue provides staking options on many coins leading to different ways of earning.
Lending Services
With its lending service, Bitrue allows users to tap into liquidity without selling their assets. By putting their cryptocurrencies up as collateral, users can borrow in stablecoins or other cryptocurrencies enabling them to use their assets for further investments or for personal use.
Investment Products
Bitrue has a wide variety of investment products including savings accounts and fixed-term deposits. The idea behind this is to significantly increase the earnings on the deposited assets of the users. It offers competitive rates with the flexibility in terms suitable for different users’ needs.
Web/Application Accounts and Holder Tools
Bitrue’s site is user intuitive and easy to use with the same user interface in web and mobile applications on both Android and iOS. The thoughtful interface design makes it simple to find the information needed, so all users, regardless of experience level, can easily manage their accounts and make transactions.
User Data Protection
Security is of the utmost concern at Bitrue consisting of 2-factor authentication, crypto funds held in cold storage, and persistent updates. Such features add additional safeguards to users’ assets and sensitive data granting them a secure trading environment with less worry.
Extensive Selection of Cryptocurrencies
Bitrue allows over 700 cryptocurrencies which gives a wider choice for traders and investors, the collection encompasses top coins such as Bitcoin and Ethereum as well as other altcoins allowing users to multi coin and manage their investments as needed.
Bitrue Regulation
Bitrue complies with regulatory conditions from different jurisdictions with respect to the law for Cryptocurrency Exchanges. Before transacting in Bitrue, users must check the terms of service relevant to their region.
Team
Here’s a table showing the supported countries and banned countries for Bitrue:
Here’s a table showing the supported and banned countries for Bitrue:
| Supported Countries | Banned Countries |
|---|---|
| ✅ United States | ❌ Afghanistan |
| ✅ United Kingdom | ❌ North Korea |
| ✅ Singapore | ❌ Iran |
| ✅ Canada | ❌ Syria |
| ✅ Germany | ❌ Cuba |
| ✅ Australia | ❌ Sudan |
| ✅ Japan | ❌ Crimea (Russia) |
| ✅ South Korea | ❌ Belarus |
Bitrue PROS & CONS
| Pros | Cons |
|---|---|
| ✅ Low flat fee of 0.098% | ❌ Limited fiat deposit options |
| ✅ Secure with 2FA and cold storage | ❌ No wire transfer deposits |
| ✅ User-friendly mobile app | ❌ Some countries are restricted |
| ✅ Wide range of cryptocurrencies | ❌ Limited advanced trading features for beginners |
| ✅ Staking and rewards options | ❌ High withdrawal fees for certain cryptos |
| ✅ 24/7 customer support | ❌ Not as well-known as major exchanges |
Is Bitrue Secure?
Bitrue is regarded as safe owing to its advanced technologies that are intended to secure user funds and sensitive data. The platform has integrated two-factor authentication (2FA) as part of the login process in order to enhance security.
The majority of the assets are kept in offline cold wallets which are less prone to hacking. Other measures include IP and device whitelisted access for withdrawal, together with email security codes for account restoration and transaction authorization.
Besides, there are features for locking the account against unauthorized log in and insurance funds to compensate for possible net losses from network security risks. All of these strong security measures work together to provide Bitrue users with a safe trading environment.
Bitrue Customer Support
Regrettably, Bitrue lacks the industry standard of 24-7 live chat assistance that all other leading cryptocurrency exchanges provide. If you require assistance from Bitrue, then you will need to fill out a request form through email.
The response takes up to a day which makes the help process quite cumbersome. The support workers knew their stuff, but alas, email support takes too long to work. There’s a good chance cryptocurrency traders will not be satisfied with that in 2023.
Conclusion
Bitrue emerges as a truly multifunctional and reliable cryptocurrency trading platform that is suitable for both beginner and advanced users. For instance, its strong security features, such as two factor authentication and cold wallet offer, maintain a secure trading environment.
Whether it comes to spot and futures trading, staking or high-yield investment products, Bitrue has outstanding possibilities of taking care or increasing the crypto assets of the users.
Furthermore, the rapid responses from customer service as well as a simplified interface from the site upgrade the all-round experience making Bitrue a preferred platform for making crypto currency trades and investments.
No matter which aspect of crypto you are considering taking part in, whether it’s trading, HOD Ling, or even just getting familiarized with the environment, with Bitrue you have everything to progress accordingly.
