Bitrue

 

Bitrue is an online platform that provides a secure and convenient way for users to trade and store cryptocurrencies. Users can access Bitrue through its website or mobile app, and enjoy a variety of features and benefits that make their crypto experience more enjoyable and profitable. Some of the main features and benefits of Bitrue are:

• High security: Bitrue takes security very seriously and implements multiple measures to protect users’ funds and data from hackers and malicious attacks. Some of these measures include storing most of the assets in offline cold wallets, using SSL encryption to secure the communication between the platform and the users, requiring two-factor authentication for login and withdrawal, and sending anti-phishing codes to users’ emails.
• Low fees: Bitrue charges low fees for trading, depositing and withdrawing cryptocurrencies, compared to other platforms. Users can also reduce their fees by holding Bitrue’s native token BTR, which gives them discounts on trading fees and other benefits. Bitrue also does not charge any fees for depositing fiat currencies through various payment methods, such as credit cards, bank transfers, PayPal and more.
• Fast and easy: Bitrue enables users to trade cryptocurrencies with high liquidity and speed, thanks to its advanced matching engine and global network of partners. Users can also deposit and withdraw cryptocurrencies instantly with various payment methods, such as credit cards, bank transfers, PayPal and more. Bitrue supports trading various types of cryptocurrencies, such as Bitcoin, Bitcoin Cash, Ethereum, USDT and Litecoin, as well as fiat currencies from different countries.
• Diverse products: Bitrue offers a range of products and services to cater to different needs and preferences of users. Users can trade cryptocurrencies on the spot market, or use margin trading and futures trading to leverage their positions and increase their profits. Users can also borrow or lend cryptocurrencies on the loan market, or stake their coins on the staking market to earn passive income. Users can also participate in the power piggy program, which allows them to lock up their coins for a fixed period of time and earn interest.
• Community-oriented: Bitrue values the feedback and suggestions of its users and strives to create a friendly and supportive community. Bitrue also hosts regular events and promotions to reward its loyal customers, such as airdrops, giveaways, trading competitions, referral programs and more. Bitrue also supports various social causes and charities, such as environmental protection, education, health care and more.
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  Bitrue is an online platform that allows users to trade and store cryptocurrencies. It was founded in 2018 in Singapore by a group of enthusiasts who wanted to provide fair financial services to everyone. Bitrue has a special focus on XRP, the cryptocurrency used by the Ripple payment network, and offers many trading pairs involving XRP. Bitrue also supports over 150 other cryptocurrencies and fiat currencies from different countries.

• Some of the specifications of Bitrue are:

  • Trading fees: Bitrue charges a flat fee of 0.098% for spot trading, which is lower than the industry average of 0.1% to 0.2%. Users can also reduce their fees by holding Bitrue’s native token BTR, which gives them discounts and other benefits.
  • Deposit and withdrawal fees: Bitrue does not charge any fees for depositing fiat currencies through various payment methods, such as credit cards, bank transfers, PayPal and more. However, it charges a 3.5% or $10 fee for withdrawing fiat currencies. It also charges variable fees for depositing and withdrawing cryptocurrencies, depending on the network congestion and the type of coin.
  • Minimum trade order: Bitrue requires a minimum trade order of $10 for both spot and margin trading.
  • Leverage: Bitrue offers up to 20x leverage for margin trading and up to 100x leverage for futures trading.
  • Native mobile app: Bitrue has a mobile app for both iOS and Android devices, which allows users to access the platform’s features on the go.
  • Free demo account: Bitrue offers a free demo account for users who want to practice trading without risking real money.
  • Customer support: Bitrue provides customer support through email and social media platforms, such as Telegram and Twitter. However, some users have reported slow or unresponsive service from the support team.

  Some of the pros of Bitrue are:

  • XRP focused: Bitrue is one of the few platforms that supports XRP trading and uses it as a base currency. This makes it attractive for users who are interested in the XRP ecosystem and want to grow their XRP portfolio.
  • TradingView charts: Bitrue integrates with TradingView, the leading provider of analytical tools for traders. This allows users to easily plot advanced strategies and indicators without leaving the platform.
  • Diverse products: Bitrue offers a range of products and services to cater to different needs and preferences of users. Users can trade cryptocurrencies on the spot, margin and futures markets, or borrow or lend cryptocurrencies on the loan market. Users can also stake their coins on the staking market or participate in the power piggy program to earn passive income.
  • Community-oriented: Bitrue values the feedback and suggestions of its users and strives to create a friendly and supportive community. Bitrue also hosts regular events and promotions to reward its loyal customers, such as airdrops, giveaways, trading competitions, referral programs and more. Bitrue also supports various social causes and charities, such as environmental protection, education, health care and more.

  Some of the cons of Bitrue are:

  • Security issues: Security is one of the most important aspects of a crypto platform. Unfortunately, Bitrue suffered a hack in 2018 that resulted in lost funds for some customers. While Bitrue has stated that it has taken steps to improve its security measures, this incident is something to be aware of before using the platform.
  • Unregulated: Bitrue is an unregulated platform that does not require verification from its users. While this may appeal to some users who value privacy and anonymity, it also means that there is no legal protection or recourse for users in case of any disputes or problems with the platform.
  • Confusing fee structure: Bitrue has a complex fee structure that can be challenging for less experienced traders to understand. For example, it charges different fees for different types of trades, such as maker or taker fees, margin interest fees, futures funding fees and more. It also charges different fees for different types of coins, depending on their network congestion and popularity.