Bitrue Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A cryptocurrency exchange, sometimes known as a crypto exchange, is a marketplace where users and traders may purchase, exchange, and trade different cryptocurrencies. These platforms make it easier to swap cryptocurrencies for other digital assets or fiat money, such as US dollars, euros, or other fiat currencies.

Exchanges for cryptocurrencies act as a middleman between buyers and sellers in the market for cryptocurrencies. Users can make orders to purchase or sell various cryptocurrencies on their marketplace at the most recent market rates. The two primary categories of cryptocurrency exchanges are:

These are run by centralized organizations, who serve as middlemen and regulate the trading flow. On these platforms, users can open accounts and trade using the order books of the exchange. Centralized exchanges with a good reputation include Coinbase, Binance, and Kraken. They give features like advanced trading options, liquidity pools, and more, and they have user-friendly interfaces.

What Is Bitrue Crypto Exchange ?

Founded in 2018, Bitrue is one of the world’s most advanced cryptocurrency exchanges and management platforms. Bitrue employs blockchain and emerging technologies that enable access to an expansive suite of crypto products, options, and services.

As a digital assets trading platform, Bitrue operates with globalization, specialization, and diversification at its core. Bitrue’s mission is to become a key player in making blockchain and digital assets infrastructure available to everyone by enabling users to buy, sell and invest in more than 700 cryptocurrencies.

Bitrue Crypto Exchange Quick Facts

How To Register At Bitrue Exchange?

To register on Bitrue , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

Bitrue Exchange Supported Countries

Bitrue Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Bitrue.

How To Verify Your Bitrue Cryptocurrency Account ?

There is no mandatory verification at Bitrue , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Bitrue , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Bitrue Crypto Exchange?

There are two main options for topping up your balance on Bitrue . Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Bitrue Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Bitrue Account ?

There are several steps you can take to help secure your Bitrue account and protect your funds:

1. Use Strong Passwords : Create a solid, one-of-a-kind password for your Bitrue account by using strong passwords. Useless information like names or birthdays should be avoided. Put capital and lowercase letters, numerals, and special characters together.
2. Enable Two-Factor Authentication (2FA): As an additional security measure, Bitrue provides two-factor authentication. Use an authenticator app, such as Google Authenticator or Authy, to enable 2FA. When signing in or carrying out specific tasks, this will necessitate an additional verification step.
3. Secure Email Account: Be careful to use 2FA and a strong password to secure your Bitrue-related email account. A compromised email account may result in a compromised Bitrue account because hackers frequently target email accounts to access other accounts.
4. Phishing Attacks to Avoid: Be wary of phishing emails, messages, or websites that pretend to be from Bitrue. Verify the URL a second time before entering your credentials. The correct domain name and a valid SSL certificate (https://) should be present on the official Bitrue website.
5. Use a Dedicated Device: Steer clear of using shared or public computers to access your Bitrue account. When engaging in cryptocurrency-related activities, use a dedicated, secure device.
6. Be Cautious of Phishing Scams: Be wary of emails, messages, or phone calls that ask for your personal information or account details. Bitrue will never ask you for your password or 2FA code. Always double-check the URL of the website you are logging in to and make sure it is the official Bitrue website.
7. By taking these steps, you can help protect your Bitrue account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

Bitrue Trading fees

This exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Their flat fee model is 0.098%. This far lower than both the global industry average (arguably 0.25%) and the domestic industry average.

Taker fee industry average in Singapore: 0.29%

Maker fee industry average in Singapore: 0.21%

Bitrue’s 0.098% taker and maker fee is substantially below the above domestic averages.

Bitrue Withdrawal fees

When you withdraw BTC from this trading site, a fee of 0.0005 BTC is assessed. The fact that this cost is a little lower than the industry average globally (0.000812 BTC) makes it a wonderful user-friendly aspect of this trading platform.

Deposit Methods

If you deposit USD or EUR, you can use a credit card at this exchange. Information provided to Cryptowisser indicates that the company is now attempting to make credit card deposits available for six additional fiat currencies. However, deposits by wire transfer are not supported.

Deposits made via credit cards might be especially useful for novice cryptocurrency investors. This exchange is considered to be a “entry-level exchange” because deposits in fiat currency are at least theoretically conceivable.

How To Contact Bitrue Customer Support Team?

If you need help with your Bitrue account or have any questions, you can contact Bitrue customer support through the following methods:

Check out the official website: Visit www.bitrue.com to access the official Bitrue website.

Register for a new account: Use your login information to access your account, if you have one.

Locate customer service: On the website, look for a “Help” or “Support” area. This is frequently found in the bottom, top menu, or account settings.

Live Chat: A live chat option is available on some platforms, allowing you to communicate in real-time with a customer service agent.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that Bitrue customer support can assist you efficiently.

Features Of Bitrue Crypto Exchange

Safer

Leading 2FA & multisignature cold wallet technology

Faster

Unique core pair system ensures rapid trade matches

Easier

Powerful enough for experts, simple enough for your grandma

World-Class Team

Started by executives from the technology industry who developed a passion for blockchain, Bitrue is now an international team of experts in security, cryptography, finance, and other fields

Secure, Stable, Efficient

Proprietary multi-level clustering structure & cold wallet with advanced security system ensures your funds will always be safe.

International Operations

Our team is spread across offices in the US, Europe, and Asia. Our support staff are available 24/7 to assist with any queries.

User-Friendly Interface

The has a user-friendly interface that is easy to navigate, making it ideal for both beginner and advanced traders.

Trading Tools:

They provides users with a range of trading tools, including advanced charting, technical indicators, and order types. This allows traders to make informed trading decisions.

Bitrue Good Or Bad Points

Bitrue is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Bitrue :

Good points:

1. Wide Range of Cryptocurrencies : An extensive selection of cryptocurrencies are available for trading on Bitrue, including well-known ones like Bitcoin, Ethereum, and Ripple as well as some lesser-known altcoins.
2. User-Friendly Interface: Bitrue’s user-friendly interface is made to make navigating the site relatively simple for both novice and expert traders.
3. Security methods: The platform uses security methods to protect your assets, including two-factor authentication (2FA) and cold storage for the bulk of user cash.
4. Staking and Earn Programs : Programs for staking and earning interest on specific cryptocurrencies are provided by Bitrue, enabling users to potentially generate passive income from their holdings.
5. Mobile App : Bitrue offers consumers the ease of trading on the go with a mobile app that is compatible with both Android and iOS smartphones.

Bad points:

1. Legal Changes and Regulatory issues: As with many cryptocurrency exchanges, legal changes and regulatory issues may have an impact on business operations and customer experience.
2. Limited Fiat possibilities: Bitrue may have few possibilities for depositing and withdrawing fiat currency, which may be inconvenient for some users. This depends on your location.
3. Customer care: Similar to many exchangers, Bitrue has gotten conflicting feedback regarding the caliber and responsiveness of its customer care, with some users claiming delays or challenges in having their issues fixed.
4. Liquidity: Some trading pairs on Bitrue might not have as much liquidity as on larger exchanges, which could result in wider spreads and more slippage when trading.
5. Hacks and Security Incidents: Despite the security safeguards Bitrue has put in place, no exchange is totally impervious to security lapses or hacks. It’s necessary to exercise caution and implement extra security safeguards, such as hardware wallets.

Is Bitrue Is Safe Platform To Trade ?

Examine the platform’s security methods, such as two-factor authentication (2FA), cold storage for the bulk of funds, ongoing security audits, and the application of industry-standard encryption standards. Verify whether the platform is subject to any financial regulatory bodies. Regulatory control can give users an additional layer of security.

Look into online user testimonials and platform experiences. Look for any prior instances of security breaches, poor customer service, or other problems. Is the platform transparent about its personnel, business procedures, and terms of service? Platforms that are transparent tend to be more reliable.

If you run into any problems or have any inquiries, having a responsive and knowledgeable customer support crew is essential. Make sure the platform provides safe deposit and withdrawal options. Higher trade volumes typically signify a platform that is more trustworthy and active.

Verify the platform’s privacy policies to be sure it doesn’t reveal your personal information without your permission.

Bitrue Conclusion

Bitrue was established by a group of blockchain enthusiasts with a goal of providing complete financial services for the currencies of the future. We are dedicated to providing safe, convenient, and diversified services to meet all crypto needs, including trading, investing, purchasing, staking, borrowing, and more.

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