bitrue

What is bitrue？

Bitrue is a cryptocurrency exchange founded in 2018, based in Singapore. It supports 700+ cryptocurrencies and charges around 0.098% for trading, a fair rate. Bitrue's daily trading is worth over $184 million. Besides cryptocurrencies, they offer cool features like margin trading, staking, and crypto loans.

Pros and cons

Regulation

This is true, a valid concern is that Bitrue doesn't have regulation from a big authority. Though registered in Singapore, but the government there doesn't oversee crypto exchanges. Therefore, the choice to use a non-regulated exchange is yours. If regulations matter to you, pick a regulated exchange. But if you're fine with the risks, Bitrue could be an option for you.

Security

Bitrue boasts that it has taken bunch of measures in place to make sure your funds are well-protected.

Two-factor authentication (2FA): Bitrue requires users to enable 2FA for their accounts. This adds an extra layer of security by requiring users to enter a code from their phone in addition to their password when logging in.

Cold storage: Bitrue stores the majority of user funds in cold storage, which means that they are offline and not connected to the internet. This makes them much less vulnerable to attack.

Data encryption: Bitrue encrypts all user data, including passwords and trading history. This makes it much more difficult for hackers to steal user data.

Cryptocurrencies available

Bitrue supports over 700 cryptocurrencies, which gives traders a wide variety of options to choose from. The exchange also lists new cryptocurrencies on a regular basis.

Here are some of the cryptocurrencies that are currently available on Bitrue:

Bitcoin (BTC)

Ethereum (ETH)

Tether (USDT)

Binance Coin (BNB)

USD Coin (USDC)

XRP

Cardano (ADA)

Solana (SOL)

Terra (LUNA)

Avalanche (AVAX)

You can find the full list of cryptocurrencies available here: https://www.bitrue.com/trade/.

Bitrue also lists a variety of altcoins, including meme coins and other small-cap cryptocurrencies. Bitrue adds new coins pretty quickly. When a project team asks, they usually list cryptocurrency within a few weeks. But, the exact time might change based on the coin and if the project follows Bitrue's rules.

How to open an account？

The registration process for Bitrue is simple and straightforward. Here are the six steps:

1. Visit the Bitrue website and click on the “Sign Up” button to begin the registration process.

2. Enter your email address and create a secure password for your account.

3. Verify your email address by clicking on the confirmation link sent to your email.

4. Provide personal information, including your full name, date of birth, and country of residence.

5. Complete the KYC (Know Your Customer) verification by submitting a copy of your identification document, such as a passport or driver's license.

6. Set up additional security measures, such as enabling two-factor authentication (2FA), to further secure your account.

Fees

Bitrue's trading fees vary based on the trading pairs:

When you use BTR for transaction fees, you get a cool 20% discount. Bitrue Coin (BTR) is a special token issued by Bitrue. It works as a kind of currency within Bitrue. BTR helps with various things on the platform like reducing trading fees, funding projects, voting for new coins, wealth management, and loans (coming soon).

With BTR for fees:

With BTR, you can cut down on your trading fees using the current market price.

Deposit & Withdrawal

Bitrue lets you deposit crypto and fiat currency.

Cryptocurrency deposits: You can deposit cryptocurrencies to your Bitrue account by sending them to the deposit address provided by Bitrue. Bitrue does not charge any fees for cryptocurrency deposits. However, the network fees may vary depending on the cryptocurrency you are depositing.

Fiat deposits: Bitrue supports fiat deposits through a variety of third-party payment processors, including:

SWIFT: For fiat deposits through SWIFT transfers, there's a 1% fee.

SEPA: If you use SEPA transfers, the fee is 0.5%.

ACH: ACH transfers cost 0.3% for fiat deposits.

Cards: For credit/debit card deposits via Simplex, there's a 3.5% charge.

Bitrue changes withdrawal fees based on how the blockchain's network is doing. But, they've got standard charges too. For instance, you'd pay around 0.05 for BNB, 0.0005 for BTC, and 0.01 for ETH.

Is bitrue a Good Exchange for You？

bitrue appears to be a good exchange for traders in the following types:

Traders who are looking for a big selection with over 800 cryptocurrencies.

Traders who are aiming to earn rewards by staking.

Traders who care about keeping trading fees low.

Compare Bitrue with other exchanges

Features
Trading Fees	Generally 0.098%	Maker: 0.04%, Taker: 0.075%	Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5%	Up to 0.40% maker fee and up to 0.60% for taker fee
Cryptocurrencies	700+	500+	11	200+
Regulation	No regulated	Regulated by NMLS, MAS/FinCEN (Exceeded)	Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS	Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)