Bitrue
review and rating
Singapore
Bitrue
review and rating
Singapore
About Bitrue
Established in 2018, Bitrue has established itself as a cutting-edge cryptocurrency exchange and management platform with a strong focus on utilizing blockchain and emerging technologies. These technologies empower users to access a wide array of cryptocurrency products, choices, and services.
Bitrue operates as a digital asset trading platform, with a foundation built on globalization, specialization, and diversification. The primary goal of Bitrue is to emerge as a prominent contributor in democratizing blockchain and digital asset infrastructure, making it accessible to a broad audience. This accessibility is achieved by facilitating users to engage in the purchase, sale, and investment of over 700 different cryptocurrencies.
Pros:
- Bitrue supports a wide range of cryptocurrencies, offering users the ability to trade and invest in various digital assets.
- The Power Piggy savings program allows users to earn interest on their cryptocurrencies, providing an avenue for passive income.
- Using XRP as the base currency can offer faster transaction settlements and potentially lower fees compared to exchanges using other base currencies.
- The margin trading platform caters to users who want to leverage their positions, potentially amplifying profits in a bullish market.
- Bitrue's mobile app allows users to manage their portfolios and trade cryptocurrencies conveniently from their mobile devices.
Cons:
- Like any cryptocurrency exchange, Bitrue is susceptible to security threats. While the platform implements security measures, users should remain vigilant and take additional precautions to protect their accounts.
- Bitrue may not be available to users in all countries due to regulatory restrictions. Users should check the platform's availability in their region.
- Bitrue is a relatively young exchange compared to some industry giants. Users may consider the exchange's track record and reputation when choosing a platform.
700+
Coins
6.9M
Monthly Visits
$1,6М+
Daily volume
About Bitrue
Established in 2018, Bitrue has established itself as a cutting-edge cryptocurrency exchange and management platform with a strong focus on utilizing blockchain and emerging technologies. These technologies empower users to access a wide array of cryptocurrency products, choices, and services.
Bitrue operates as a digital asset trading platform, with a foundation built on globalization, specialization, and diversification. The primary goal of Bitrue is to emerge as a prominent contributor in democratizing blockchain and digital asset infrastructure, making it accessible to a broad audience. This accessibility is achieved by facilitating users to engage in the purchase, sale, and investment of over 700 different cryptocurrencies.
Pros:
- Bitrue supports a wide range of cryptocurrencies, offering users the ability to trade and invest in various digital assets.
- The Power Piggy savings program allows users to earn interest on their cryptocurrencies, providing an avenue for passive income.
- Using XRP as the base currency can offer faster transaction settlements and potentially lower fees compared to exchanges using other base currencies.
- The margin trading platform caters to users who want to leverage their positions, potentially amplifying profits in a bullish market.
- Bitrue's mobile app allows users to manage their portfolios and trade cryptocurrencies conveniently from their mobile devices.
Cons:
- Like any cryptocurrency exchange, Bitrue is susceptible to security threats. While the platform implements security measures, users should remain vigilant and take additional precautions to protect their accounts.
- Bitrue may not be available to users in all countries due to regulatory restrictions. Users should check the platform's availability in their region.
- Bitrue is a relatively young exchange compared to some industry giants. Users may consider the exchange's track record and reputation when choosing a platform.
700+
Coins
6.9M
Monthly Visits
$1,6М+
Daily volume
How much are Bitrue fees?
Except for some pairs, Bitrue’s standard trading fees are as follows:
XRP/BTC, XRP/USDT, XRP/ETH: 0.20%
Other BTC, ETH & USDT trading pairs: 0.098%
XRP trading pairs: 0.28%
Using BTR, the native currency of the exchange, for transaction fees attracts a 30% discount.
What coins are supported on Bitrue?
Bitrue offers a wide selection of over 700 cryptocurrencies, with prominent digital assets like BTC, ETH, XRP, and SOL among the available options. The platform facilitates both fiat-to-crypto conversions and cryptocurrency swaps for its users.
Is It possible to use leverage or margin trading on Bitrue?
Margin trading is not a feature available on the platform. Yet, in 2021, the exchange introduced a form of cryptocurrency derivative contracts aimed at offering investors enhanced exposure to the performance of an underlying asset, without the intricacies associated with managing margin trading. This was achieved through the introduction of leveraged tokens, enabling traders to amplify their positions by up to 3x leverage.
XRP Base Currency:
Bitrue uniquely uses XRP (Ripple) as its base currency, meaning that most trading pairs are quoted against XRP instead of Bitcoin or Ethereum. This sets Bitrue apart from many other exchanges that primarily use BTC or ETH as the base.
Earn Interest with Power Piggy:
Bitrue offers a savings program known as Power Piggy, where users can earn interest on their deposited cryptocurrencies. This feature allows users to put their idle assets to work and earn passive income.
Margin Trading:
Bitrue provides a margin trading platform that allows users to borrow funds to amplify their trading positions. While margin trading can increase potential profits, it also involves higher risk, and users should be cautious.
Mobile App and User Interface:
Bitrue offers a mobile application for both iOS and Android, providing users with the flexibility to trade and manage their portfolios on the go. The user interface is designed to be intuitive and accessible.
More in
Exchanges
Binance
China, Hong Kong
Binance is one of the world's largest and most popular cryptocurrency exchanges, offering a platform for trading a wide range of digital assets.
Bybit
Asia, Singapore
Bybit provides a platform for traders to engage in various cryptocurrency trading activities, with a particular emphasis on derivatives like perpetual contracts.
WhiteBit
Ukraine
WhiteBIT is one of the biggest European crypto exchanges, founded back in 2018 in Ukraine.
Huobi
China, Beijing
Huobi is an international cryptocurrency exchange. The work of the international company Huobi began in 2013.
CoinBase
San Francisco, California, U.S.
Coinbase is a cryptocurrency exchange platform that facilitates the buying, selling, and trading of various digital currencies. It was founded in 2012 by Brian Armstrong and Fred Ehrsam and has since become one of the largest and most well-known cryptocurrency exchanges in the world.
Kraken
San Francisco, California
Kraken is one of the world's largest digital asset exchanges and the leader in euro volume and liquidity. Globally, Kraken's client base trades more than 200 digital assets and 8 different fiat currencies, including GBP, EUR, USD, CAD, JPY, CHF AED and AUD.
Okx
Seychelles
OKX is an innovative cryptocurrency exchange with advanced financial services.
KuCoin
China, Hong Kong
KuCoin is a secure cryptocurrency exchange where you can purchase, sell, and trade Bitcoin, Ethereum, and over 700 alternative cryptocurrencies.
Gate
China
Gate.io is an international cryptocurrency exchange that has been in operation since 2013. Boasting more than 4 million users across the globe, it stands as one of the swiftly expanding cryptocurrency platforms, offering a wide range of products including Spot and Margin trading, DeFi, NFT, IEO, and various other services.
P2pb2b
Lithuania
P2B cryptocurrency Exchange, a major global digital assets trading platform with daily trading volumes reaching $1.5 billion
Xt.com
Dubai
XT.COM is a well-rounded trading platform, backing over 800 top-notch tokens and facilitating more than 1000 trading pairs.
Bitget
Seychelles
Bitget is a cryptocurrency exchange that was founded in 2018 with a mission to inspire individuals to embrace crypto and connect to the future. It offers a wide range of crypto trading services, including futures trading, spot trading, spot margin trading, and strategy trading.
