Bitrue calls itself a cryptocurrency management platform – where you can buy, sell and borrow digital assets, all in one place.
If you want to know more about this cryptocurrency exchange, then our Bitrue Review is the perfect place to get started. We cover all the features of this platform, the different markets supported, fees, security, customer service, and more. Recommended Broker – eToro
Our score10 What is Bitrue?
Founded in 2018 and registered in Singapore, Bitrue has over 4 million registered traders using its cryptocurrency platform. The exchange offers its services across the globe, and has offices in multiple locations, including the US, Europe, and Taiwan.
The platform currently supports more than 270+ cryptocurrencies and over 490+ pairs. Additionally, you will also be able to buy and sell crypto-centric ETFs while accessing leverage on them. Bitrue has also recently introduced futures trading on its exchange in the form of perpetual contracts for USDT markets.
Apart from trading, this exchange also facilitates crypto loans on its platform. When it comes to fees, you will be charged between 0.098％ and 0.280% depending on your chosen pair. You can further reduce these costs by paying with the native token of the Bitrue ecosystem – BTR.
Another notable feature about Bitrue is that it is one of the world’s first cryptocurrency exchanges to integrate Ripple so closely within its system. In other words, XRP is the base currency on this platform, allowing you to hold and use this digital asset to purchase other tokens, all while paying lower fees.
However, while Bitrue offers attractive features, the platform still lacks regulation – making it a less secure option for investors and traders. As we proceed with our Bitrue review, we will cover more regarding these aspects, and more crucially – consider whether this exchange is safe for trading cryptocurrencies online. Bitrue Pros and Cons
Our Bitrue review concludes that the cryptocurrency exchange comes with the following advantages and drawbacks.
Pros Over 270 digital currencies supported
Buy cryptocurrencies with a credit card
Low trading commission with a flat-fee model
Cons Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider. Bitrue Supported Markets Bitrue offers a range of markets for its users that cater to different investment and trading styles.Let us take a closer look at these. Instant Buy If you are looking only to invest in cryptocurrencies in the long-term rather than engaging in day trading, what you need is a platform that facilitates direct purchases. Our Bitrue review found that this is one of the many exchanges that support such an Instant Buy feature.In simple terms, on Bitrue, you can buy cryptocurrencies by funding them using your credit card. The platform accepts fiat payments in USD, EUR, ZAR, AUD, and CAD for this purpose. You can use both Visa and Mastercard and transactions are processed by Simplex, a third-party provider.The minimum amount required to buy cryptocurrencies using a credit card is set […]