Bitrue Review: Latest Bitrue Pros, Cons, and Key Features 2024

Bitrue Review: A Deep Dive into the Singapore-Based Crypto Exchange.

Bitrue launched in 2018. It's a global crypto trading platform from Singapore. Users can trade Bitcoin, Ethereum, and over 60 other coins. The exchange offers its own BTR token too.

I'm David Wabinz. I've explored many exchanges. Bitrue stands out. It serves both new and expert traders well. This review will cover Bitrue's key features and user experience. You'll learn if it's the right choice for your crypto needs.

Learn more exchanges at DavidWabinz.com.

What is Bitrue?

Bitrue leads the crypto exchange market in 2024. Since 2018, this Singapore platform has soared. Bitrue offers many digital coins and pro tools. New traders and experts alike find Bitrue easy to use. The exchange's rapid growth shows its strong appeal. Bitrue's wide selection attracts diverse users. Its user-friendly design sets Bitrue apart from rivals. Traders praise Bitrue for its powerful features and simplicity.

The exchange reaches users worldwide. Its global presence makes it a go-to choice for many. Bitrue's extensive list of coins includes popular options like Bitcoin and Ethereum. It also features lesser-known altcoins, giving traders more choices. This variety sets Bitrue apart from other exchanges.

Beginners find Bitrue's interface simple and clear. The platform makes buying and selling crypto straightforward. Yet, it doesn't skimp on features for advanced users. Experienced traders enjoy the depth of tools available. This balance helps Bitrue cater to a broad user base effectively.

Security stands as a top priority for Bitrue. The exchange uses strong protocols to protect user funds. While past breaches occurred, Bitrue's response impressed many. It fully compensated affected users, showing its commitment to customer trust. This action helped maintain Bitrue's good reputation in the crypto community.

Bitrue's journey since 2018 shows its resilience and growth. The platform continues to evolve, adding new features and coins regularly. Its focus on user needs and market trends keeps it relevant. For those seeking a reliable crypto exchange in 2024, Bitrue offers a compelling option. Its blend of accessibility, variety, and security make it a strong contender in the digital currency space.

Is Bitrue Safe?

Bitrue stands out in the crypto world, but safety concerns linger in 2024. This Singapore-based exchange, founded in 2018, has faced challenges. Bitrue's rapid growth and wide range of services attract many users. Yet, its unregulated status raises questions about long-term security.

Two major hacks hit Bitrue hard, resulting in losses over $27 million. These incidents shook user trust. However, Bitrue responded by strengthening its defenses. The exchange now uses multisig cold storage for most customer funds. This method keeps assets offline, away from potential online threats.

Bitrue encourages users to boost their account safety. Setting up a PIN code for withdrawals adds a layer of protection. Enabling SMS verification or Google Authenticator further secures accounts. These steps help shield users from unauthorized access. Still, Bitrue lacks proof of reserves, leaving some to wonder about fund management.

Overall, Bitrue's safety record is mixed. The exchange has taken steps to improve security after past breaches. Its cold storage system offers some peace of mind. Yet, the lack of regulation and proof of reserves may concern cautious traders. Users should weigh these factors carefully when considering Bitrue for their crypto needs in 2024.

Bitrue Pros and Cons

Bitrue stands out as a leading crypto exchange. Many users choose Bitrue for its unique features. The platform offers a wide range of services that appeal to crypto fans. Bitrue's popularity stems from its innovative approach to trading. Yet, Bitrue has both strengths and weaknesses. Understanding Bitrue's pros and cons helps users make informed decisions. Bitrue's distinctive offerings set it apart in the crowded exchange market. Potential users should weigh Bitrue's advantages against its drawbacks. This balanced view of Bitrue ensures traders can assess its value accurately.

Pros:

Bitrue offers several key advantages for crypto traders:

• Wide selection: Trade over 700 cryptocurrencies at market rates.
• High yield potential: Earn up to 100% APY through farming and investments.
• Low fees: Enjoy competitive rates starting at just 0.32% for spot trading.
• User-friendly platform: Navigate easily with a clean, intuitive interface.
• Advanced tools: Access pro-level charts and analysis features.
• Mobile trading: Manage your portfolio on-the-go with the Bitrue app.
• Strong security: Benefit from robust measures to protect your assets.
• Quick transactions: Experience fast deposits and withdrawals.
• Regular updates: Stay current with new coins and features added often.
• Global accessibility: Trade from most countries worldwide.

Cons:

Bitrue's drawbacks:

• Lower trading volume limits some coin liquidity.
• Yield farming and staking carry high risk of loss.
• Past security breaches led to significant thefts.
• Not ranked in top 50 exchanges by volume.
• $4 million hack in 2019 raised safety concerns.
• Recent 2023 breach resulted in $23 million loss.
• Investment products pose substantial risks.
• Platform security history may worry some users.

Bitrue Cryptocurrencies

Bitrue Cryptocurrencies offer unmatched variety. Hundreds of coins trade on this platform. Bitrue Cryptocurrencies outshine many rivals in selection. The lineup includes Bitrue's own token, BTR. Major cryptos and rising altcoins fill Bitrue's roster. Diverse strategies thrive with Bitrue Cryptocurrencies' wide range. Crypto fans flock to Bitrue for its vast coin choices. Bitrue Cryptocurrencies cater to all trader types. The platform's extensive list makes it a top pick. Bitrue Cryptocurrencies stand out in the crowded market.

Top cryptocurrencies on Bitrue:

• Bitcoin (BTC) – the original and most valuable crypto.
• XRP (XRP) – known for fast, low-cost transactions.
• Ethereum (ETH) – popular for smart contracts.
• Cardano (ADA) – eco-friendly blockchain platform.
• Solana (SOL) – high-speed, low-fee network.
• TRON (TRX) – entertainment-focused blockchain.

Bitrue Security

Bitrue security stands as a top priority. Two-factor authentication guards user accounts on Bitrue. Bitrue security includes cold wallet storage for most funds. Suspicious activity triggers account locks in Bitrue's security system. Email safety codes accompany all Bitrue communications. These Bitrue security measures create a robust shield against cyber threats. Bitrue security practices aim to protect users at every turn. The exchange's multi-layered approach showcases Bitrue's security commitment. Users benefit from Bitrue's comprehensive security strategy. Bitrue security features work together to safeguard digital assets.

The exchange backs its security with a dedicated insurance fund. This fund holds 41 million XRP and 40 million BTR. It offers a safety net for users in case of unforeseen events. Bitrue's commitment to user protection shows in these robust safeguards.

Despite these efforts, Bitrue faced challenges. In 2019, hackers stole over $4 million in crypto. A more recent breach in April 2023 led to a $23 million loss. Bitrue responded quickly in both cases. It covered all losses, ensuring no financial harm to customers. These incidents pushed Bitrue to strengthen its defenses further. The exchange's swift action and full compensation demonstrate its dedication to user trust.

Bitrue Fee

Bitrue fees offer competitive rates for traders. Standard Bitrue fees match industry norms. Using Bitrue Coin cuts Bitrue fees by 20%. This discount makes Bitrue fees more attractive. Compared to major rivals, Bitrue fees often come in lower. While not the absolute cheapest, Bitrue fees remain budget-friendly. Traders appreciate the reasonable Bitrue fee structure. The Bitrue fees system rewards loyal users effectively. Smart traders leverage Bitrue fees to maximize profits. Overall, Bitrue fees provide good value in the crypto market.

Spot Trading Fees

Bitrue spot trading offers diverse fee rates. New users may find Bitrue spot trading fees complex. Grasping Bitrue spot trading costs is key for success. We'll examine Bitrue spot trading fees closely. Effective Bitrue spot trading requires fee knowledge. The platform's fee structure impacts Bitrue spot trading profits. Bitrue spot trading attracts users with its unique rates. Smart traders optimize their Bitrue spot trading strategy around fees. Understanding Bitrue spot trading costs can boost your returns. Let's dive into the details of Bitrue spot trading fees update in 2024.

For trades involving XRP pairs, the fees are set at 0.2% for both makers and takers. This rate is much higher than the crypto market average. This could be a big factor for traders who often deal with XRP.

Bitrue has much lower fees for major trading pairs, like BTC, ETH, and USDT. For these, all traders pay just 0.098%. This rate is substantially lower than the industry standard of 0.2%, making it an attractive option for high-volume traders. Bitrue offers lower fees for these popular pairs. It is a cheap choice for traders. They prioritize cutting costs while trading major cryptocurrencies.

Additionally, Bitrue incentivizes using its native token, BTR. It provides a 20% discount on trading fees for paying with BTR. This benefit is particularly appealing to frequent traders who seek to reduce their overall costs. Bitrue does not offer volume discounts for high-volume traders. But, the savings from using BTR can still be significant. This strategy promotes BTR adoption. It also improves the trading experience for Bitrue's loyal users.

Futures Trading Fees

Bitrue's futures trading fees are set at 0.038% for makers and 0.07% for takers. These fees are slightly higher than the industry standard. The standard is 0.02% for makers and 0.06% for takers. But, the fees are still a reasonable rate for using a quality trading platform. Bitrue lacks volume-based discounts. But, it continues to offer competitive fees. The fees show Bitrue's commitment. They aim to provide a reliable and user-friendly experience for futures traders.

Bitrue Withdrawal fees

Bitrue's withdrawal fees are notably consumer-friendly. When withdrawing BTC from this trading platform, a fee of 0.0005 BTC is applied. This fee is marginally lower than the global industry average of 0.000812 BTC, making Bitrue a good choice for many users. Bitrue offers low withdrawal fees. This shows its commitment to providing a cheap and user-centric service for its traders.

Bitrue Deposit Methods

Bitrue Deposit Methods include several ways to add funds to your account. Bitrue does not support direct FIAT deposits or withdrawals. However, it allows users to buy cryptocurrencies using FIAT currencies. This feature lets users convert their traditional money into digital assets directly on Bitrue. With many supported coins, users have many options for their cryptocurrency transactions.

Depositing cryptocurrencies into your Bitrue wallet is straightforward and free of additional charges. This free deposit process is a big advantage for users. They want to grow their investment without extra costs. Bitrue is committed to providing a smooth and cheap deposit experience. This sets it apart in the competitive cryptocurrency exchange market. Users can rest assured that their deposits will be credited to their accounts without any hidden fees.

Bitrue applies standard industry rates to withdrawals. The rates vary by cryptocurrency and network. For example, USDT withdrawals use the TRC20 network. They have among the lowest fees, ranging from $0.50 to $1. These low fees are beneficial for users looking to transfer their funds without spending too much on transaction costs. However, it's important to note that withdrawal fees can fluctuate based on network capacity and other factors.

Bitrue also offers a tiered KYC system. It boosts security and raises withdrawal limits. Without KYC verification, users face a daily withdrawal limit. Completing KYC Level 1 verification raises the withdrawal limit to 2 BTC per 24 hours. That's about $500,000. For those needing even higher limits, Level 2 KYC verification raises the 24-hour withdrawal limit to 500 BTC. This tiered approach ensures that users have the flexibility and security. They need to manage their cryptocurrency transactions well.

Bitrue Features

Bitrue offers a wealth of features, from user-friendly beginner options to powerful tools for experienced traders. This empowers users to earn interest and borrow against their holdings, making Bitrue a feature-rich platform.

Bitrue Spot Trading

Bitrue provides an extensive spot trading market, boasting 568 different coins and 1129 trading pairs as of 2023. The spot market witnesses an average daily trading volume of $1 billion, placing Bitrue among the top 10 exchanges by daily volume. Despite this substantial volume, Bitrue appears to face liquidity challenges in its spot market.

The platform's interface maintains a user-friendly design, offering access to live charts powered by Trading View, an order book, trade history, and an order book depth chart for in-depth analysis.

In addition to standard trading pairs, Bitrue introduces leveraged ETFs on the spot market, allowing users to magnify their exposure to cryptocurrencies like BTC and ETH up to 3x. While these leveraged ETFs have the potential to amplify profits, they also increase the risk of substantial losses. For beginners, it's advisable to stick to traditional spot trading.

The majority of spot trading pairs on Bitrue involve USDT, but the platform also supports some pairs against USDC and BUSD, offering traders the flexibility to choose their preferred stablecoin.

With a competitive fee structure of 0.98% for both makers and takers, Bitrue provides cost-effective rates for spot trading.

Bitrue Futures Trading

Futures Trading on Bitrue sees a daily market volume exceeding $11 billion, ranking it among the top 7 exchanges. Our analysis reveals that futures trading liquidity on Bitrue is balanced. The futures trading interface is carefully designed. It is easy to use and works smoothly. It had no lags or network issues during testing. Despite a few bugs that briefly hindered leverage adjustments, reloading the page fixed them.

Futures Trading on Bitrue offers a wide selection, with 142 trading pairs primarily against USDT. Bitrue also supports some pairs against USDC and provides coin-marginated futures contracts, focusing mainly on major cryptocurrencies like BTC, ETH, XRP, ADA, ALGO, ETC, EOS, DOGE, and GMT. This variety ensures that traders have ample choices to diversify their portfolios and explore different market opportunities.

Bitrue allows up to 50x leverage on major cryptocurrencies to amplify potential gains. While this leverage is lower than the industry standard of 100x, it is sufficient, especially for novice traders. High leverage can be risky, and a 50x cap encourages responsible trading. The platform's futures trading interface is user-friendly and operates smoothly. It offers features like an order book, trading history, and live Trading View charts, allowing comprehensive analysis directly within the trading terminal.

Expert Review of Bitrue

• Bitrue collaborates with Ripple, providing an array of XRP pairs for trading.
• The platform employs its native BTR token for trading, alongside BTC, ETH, USDT, and XRP, thereby reducing transaction fees by 20%.
• Clients have the option to fund their accounts using 67 different cryptocurrencies.
• Purchasing cryptocurrencies is facilitated through card or bank transfers, supporting multiple fiat currencies such as USD, EUR, GBP, AUD, HKD, SGD, CHF, and MXN.
• Bitrue's website, platforms, and support services are multilingual, accommodating users in 12 languages.
• TradingView-based terminals enable charting across 10 different timeframes.
• Security protocols include two-factor authentication and a 6-digit PIN for trading and withdrawals, with the majority of assets stored in cold storage for enhanced security.
• In addition to cryptocurrency pairs, clients can also engage in trading ETFs and leveraged futures transactions.
• The platform supports various order types, including market, limit, and preset trigger orders.
• Withdrawals are exclusively permitted to cryptocurrency wallets, without incurring any additional exchange fees.
• Customer support is accessible solely via email, lacking live chat or a ticketing system.

What is the Bitrue Invite Code?

The Bitrue invite code “ZETLLGA” grants users access to exclusive benefits upon signup. By using this code, you can claim a $1000 bonus, enriching your cryptocurrency trading endeavors. Also, when you register for Bitrue with invite code “ZETLLGA,” you will get a 40% discount on cryptocurrency transaction fees.

Note: It's important to note that accessing the invitee reward center is contingent upon applying the promo code during signup.

Bitrue is a top cryptocurrency trading platform. It has a daily trading volume over $10 billion and 8 million traders. To maximize your rewards and benefits, it's imperative to register on Bitrue using the invite code “ZETLLGA“.

How to Open an Account at Bitrue

If you're ready to dive into the realm of digital assets, opening an account at Bitrue is a great start. To maximize your benefits, it's essential to ensure your Bitrue invite code is correctly applied. This guide will lead you through each step, ensuring a smooth process.

1. Access the Bitrue Website: Start by visiting the official Bitrue website. For convenience, you can use the link provided on this page. The Bitrue platform is designed for ease of use, making it simple for both beginners and seasoned traders to navigate.
2. Claim Your Rewards: Upon reaching the Bitrue homepage, locate and click the “Claim Them Now” button. This action will kickstart your journey toward maximizing benefits. Bitrue often offers various promotions and bonuses that you wouldn't want to miss.
3. Authenticate Your Invitation Code: The Bitrue invitation code “ZETLLGA” should automatically populate on the “Sign Up” page. Bitrue seamlessly applies this code when using our link. However, if you encounter technical issues and the code doesn't show up, you can manually enter it. Simply copy “ZETLLGA” and paste it into the designated field. This code is your key to unlocking additional benefits and rewards.
4. Create Your Account: Once the invite code is verified, proceed to set up your Bitrue account. Enter your email address and select a strong password. For enhanced security, promptly verify your email. Click “Send” to receive a verification code in your inbox. If you don't see the email right away, check your spam folder; sometimes, there may be a slight delay. Bitrue's verification process ensures your account is secure and ready for trading.
5. Deposit and Trade: Congratulations on joining the Bitrue community! Now it's time to deposit your preferred cryptocurrencies and commence trading. Bitrue offers a diverse range of digital assets for exploration and investment. With a user-friendly interface and advanced trading features, Bitrue makes it easy to manage your portfolio and execute trades efficiently.
6. Claim Your Bonuses: As an active Bitrue user, it's time to collect your rewards. Visit the Reward Center to claim various bonuses, enriching your trading experience and maximizing potential profits. Bitrue's Reward Center is packed with opportunities to boost your earnings and enhance your trading activities.

Opening an account at Bitrue is straightforward and rewarding. By following these steps and using the invitation code “ZETLLGA,” you can take full advantage of the platform's offerings and start your journey in the digital asset world with confidence. Happy trading!

Bitrue VIP Trader

The Bitrue VIP Trader Benefit program enhances your trading experience with exclusive perks. Joining this program provides you with:

• A dedicated VIP Ambassador for personalized assistance.
• Priority 1-on-1 customer support.
• Welcome gifts tailored for VIP members.
• Lower trading fees exclusive to VIPs.
• Invitations to special events and campaigns.

To qualify for the VIP program, you must meet certain criteria related to your asset balance and trading volume. For instance, having an asset balance of $300,000 or trading $50 million in futures in 30 days can raise you to VIP Level 3. It gives you big fee discounts and other benefits.

Additionally, VIP members enjoy an extra 20% discount on trading fees when using Bitrue's native token, BTR.

For more on how to join and the benefits, visit Bitrue’s official website. Or, check their support pages for fees and application instructions.

Bitrue VIP Trading Fee Structure

• The stated Spot Trading fee rate applies exclusively to Crypto Trading pairs.
• Users can avail of an additional 20% discount on trading fees by utilizing BTR.

Bitrue FAQs

Is Bitrue safe to use?

Bitrue is considered an untrustworthy broker due to its lack of regulation by a financial authority with rigorous standards. We advise you to exclusively open accounts with brokers supervised by top-tier and stringent regulators. All of the 100+ brokers assessed on the BrokerChooser website meet this criterion.

Is Bitrue a legit exchange?

Similar to many other cryptocurrency exchanges, Bitrue can be regarded as a self-service platform due to its relatively limited customer support options. Bitrue has received mixed reviews from previous users, with an average rating of 2.1 out of 5 stars based on over 220 reviews on Trustpilot, for instance.

Can US residents use Bitrue?

Yes, different states in the US have varying laws governing cryptocurrency usage. Bitrue must comply with stringent regulations in Texas and New York concerning crypto assets. Using a VPN can assist you in bypassing these restrictions.

How does Bitrue work?

The Bitrue platform enables users to purchase and trade more than 700 cryptocurrencies. It offers numerous advanced trading features, such as ETFs and derivatives. Notably, the exchange has a strong emphasis on XRP and is renowned as one of the leading platforms for XRP trading.

Is Bitrue a Secure Platform?

Bitrue has suffered two hacks in the past four years, resulting in the loss of over $27 million in customer funds. Unfortunately, these incidents raise concerns about Bitrue's safety and reliability as a cryptocurrency exchange.

Does Bitrue Require KYC Verification?

No, Bitrue does not mandate Know Your Customer (KYC) verification, allowing users to trade anonymously on the platform.

What is the Bitrue Invite Code?

The Bitrue invite code is ZETLLGA.

What Are Some Alternatives to Bitrue?

Some reputable alternatives to Bitrue include Bitget, MEXC, and Bybit. These exchanges have never experienced hacks, offer competitive fees, maintain full proof of reserves, provide 24/7 live chat customer support, and boast user-friendly interfaces.

What Are the Trading Fees on Bitrue?

Bitrue charges spot fees of 0.098% for both makers and takers. On the futures market, the fees are 0.038% for makers and 0.07% for takers. These fees are relatively high, and Bitrue does not offer any fee discounts based on trading volume over 30 days.

Can you withdraw money from Bitrue?

To initiate a withdrawal on Bitrue, you need to verify your account beforehand. Moreover, there are common errors associated with Bitrue withdrawals. For instance, if you input your destination address with a minor mistake, there's a risk of permanently losing your cryptocurrency.