Bitrue Review: Conduct Transactions Anytime, Anywhere?

Bitrue review is emerging and snatching up the majority of the major financial marketplaces. And just like any other cutting-edge internet platform, it requires a concise yet in-depth Bitrue exchange evaluation. Therefore, let’s begin with a brief overview of this Singapore-based cryptocurrency platform.

Bitrue Summary

Official Website	https://www.bitrue.com/
Headquarters	Singapore
Found in	2016
Native Token	Yes
Listed Cryptocurrencies	114
Supported Fiat Currencies	USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN
Minimum Deposit	N/A
Deposit Fees	3.5% per transaction for credit card
Trading Pairs	160+
Trading Fees	0.098% to 0.28% per trade
Withdrawal Limit	Daily withdrawal limit is 100 BTC
Withdrawal Fees	Takes a Variable Fee
APY	Up to12%
App	Yes
Customer Support	Submit a request form & FAQs

Bitrue review is a platform for managing digital assets and a cryptocurrency exchange. It is one of the exchanges that Ripple recommends for its cryptocurrency trading platform for XRP trades. Bitrue is a one-stop shop where customers can buy, sell, exchange, deposit, and withdraw cryptocurrencies and other blockchain-based digital assets using their Bitrue accounts. One-stop trading platform Bitrue is renowned for its speedy transactions.

One of the first exchanges to provide loans based and guaranteed by cryptocurrencies and blockchain is Bitrue review. For those interested in cryptocurrencies, this offers an unmatched system. With their trust token across five continents, Bitrue gives users of this trading platform confidence and a sense of security. Prior to Bitrue review, cryptocurrency exchanges had their functionalities distributed among multiple apps.

Features of Bitrue

It offers higher incentives as compared to most of the competition. The trading fees for various transactions are also some of the lowest in the industry. It is also one of the first crypto exchanges to offer the crypto loan, with an annual percentage rate of 15% percent being the expected interest rate. Allows users to earn interest on their crypto through their service/product named Power Piggy.

Now, the assets you monitor on most other exchanges can leverage to earn more by joining the community of Bitrue review. Recommended by Ripple Labs (the team that created XRP cryptocurrency) is undoubtedly a vast ‘go-ahead’ for the beginners who are creating their Bitrue review account. The option for BTR lockups is also there for storing digital currency (however, fiat currencies depository is not supported).

Bitrue: Pros and Cons

Pros	Cons
Multiple features included.	Tends to focus on certain markets more.
Two-step sign-in process.	The Website might have vulnerabilities.
Flat fee model with low fee structure.	Fiat currency deposits are not supported.
Trust token available on 160+ markets.	Safety and security isn’t assured.
Offers higher interest rate for investors.	Better alternatives offer more.

Bitrue Sign-Up Process

It’s a welcoming experience as you start to begin with the best exchange for your specific needs. New users can sign up/register using their email and phone number.

Security of your Bitrue account relies on a two-step verification process that aims to protect the history of any transaction or other critical information and control tools. Two primary methods to deposit digital funds and investment include credit card deposits and other online methods for transferring money.

Is Your Bitrue Account Safe?

User safety and the confidentiality of the information is claimed to be on top priority for the brand. Bitrue review also has a multi-signature cold wallet that you can use to increase the security of your assets. The third-party verdict is split when it comes to the security rating. Some reviews tend to make it a good recommendation, while others advise keeping looking.

However, some of the vulnerabilities in the system have been exploited in the past, although the exchange remained afloat and recovered due to its popularity and unique attributes.

Was the Bitrue Account Hacked in the Past?

The brand is trying to increase its security and safety standards after the incident that occurred back in 2019, as the bank was hacked, resulting in a loss of over $4 Million. The exchange was temporarily down until the affected accounts were stopped, and authorities took action. Since the event, the exchange pledged to review its policies and amend the safety protocols.

Bitrue Mobile Application

Bitrue review trading platform, like the majority of all other exchanges, has a mobile application. The app is available for both Android phones and iOS devices on their respective mobile app stores. Bitrue app enables you to have a reliable and close relationship with all your assets, including your cold wallets and bitcoin cash.

Mobile apps can also exchange Bitcoin, USDT, XRP, Ethereum, Litecoin, and dozens of different altcoins following the web-based functionalities. As a platform with a highly responsive and smooth user interface, one can also keep up with the latest news about their highly volatile and digital assets.

Bitrue review, like other exchanges, has an API for those who want to analyze the information in their fashion. API stands for Application programming interface, which can send out a string of any desired information between two devices.

How To Buy and Sell Cryptocurrency on Bitrue?

Buying

Any transaction for buying is a simple and easy process. Users can either use the website or the app for mobile phones to buy. Once you log in to your Bitrue review account, you can simply choose the cryptocurrency you are in the market for. Bitrue supports various cryptocurrencies and other blockchain-based assets that you can buy from your account.

Users can purchase cryptocurrency on Bitrue review with their credit cards, and they are assured to be deposited in your wallet within an hour. The fee is 3.5% per transaction or 10USD, whichever is higher. In simpler words, you will likely be paying 3.5% if you are a high-volume trader.

Selling

Similar to buying, selling is an intuitive process. From your app, you can choose the ones you wish to sell and initiate the transaction. The exchange rate may vary, and it is advised to double-check your trading pairs and crypto-assets. The XRP community is among the most popular when it comes to buying and selling on Bitrue review.

How to Borrow Bitcoin on Bitrue?

Bitrue review offers a digital loan that is based on blockchain and backed by crypto. The interest rates can be assumed to be around 15%. You can borrow bitcoin on the platform, and it will be reflected in your best crypto wallet. Consider this similar to a wire transfer backed by crypto and not your traditional bank (traditional wire transfers are not supported). You can check the most popular bitcoin loan sites here for more details.

As digital lending is the leading service provided by the crypto exchange, it has various methods to make the transaction. With flexible payment methods and no delivery deadline, borrowing Bitcoin is a convenient and easy process.

Bitrue Fees

Bitrue review trading platform offers various cryptocurrency trading features and has maintained highly competitive trading fee structures. The fees for the most widespread trading pairs (such as XRP/BTC, XPR/USDT, XRP/ETH) are 0.2%, while other flexible payment methods, including ETH and USDT Trading pairs, are charged with a 0.098% fee. The XRP trading fees vary based on the usage of BTR for transactional fees. In which case, the exchange offers significant discounts on the trading fees. The withdrawal fee is below the average of the world as a whole. For instance, the withdrawal fee for BTC is 0.0005 BTC, and on the other hand, the withdrawal fee for DASH is 0.002 DASH. Fiat currency deposits are not supported by this platform. This is a decent number by any comparison from the global average. 

Traders can now transfer their desired amounts (in wide variety) without any issues with the business profits that high charges might diminish. It also comes with the ability to do as many transactions as needed between the respective currencies. The XRP withdrawals can be done without any fee, being yet another added benefit. This exchange does not charge different fees between makers and takers. Keep in mind that the fees are constantly fluctuating throughout the market. To know the full fee structure it is highly recommended to check out the details on its official site.

BTR Token Details

BTR, the Bitrue Coin, is the native token of the Bitrue review platform and exchange. This native token has been improvised and is now based on the XRP blockchain ledger. As the XRP is highly scalable and efficient for payments, this can come as an added benefit from the brand’s decision to shift from ERC-20. Any kind of payment on the exchange can be made with crypto coins, but BTR tends to be the most effective and optimal.

Bitrue Customer Service

To reach out to the support, customers can contact the support team via email, Twitter, Telegram, or Facebook. The website has numerous automated pages and sections to help resolve any functionality problem to solve the fundamental issues. With a thorough help center, the website stands to act as a step-by-step walkthrough for most of the functionalities and options that customers might come to use. One thing to consider might be that due to the sheer volume of its users, customers have mentioned delayed responses from the team.

Conclusion

The well-known cryptocurrency exchange Bitrue review trading platform provides an unheard-of number of services while maintaining fees that are lower than those of most other exchanges. Bitrue review would be one of your better bets if you were crossing off your list of cryptocurrency platforms. You will always have a few extra options with its extra features, such as Power Piggy and bitcoin loans, should you ever need them in the future.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News