Buy & Sell Bitcoin, Ethereum, Ripple Crypto Exchange

However, it is not recommended to buy crypto with a credit card due to the high fees. 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. Like most crypto exchanges, Bitrue claims to operate within the bounds of its registered nation, Singapore. The company’s website has undergone breaches, though they stay functional and competitive with more than 4.2 millions users accounts.

• However, it does not operate in OFAC countries or countries like China, where crypto exchanges are banned.
• Since the Bitrue hack in 2019, the exchange has been incident-free and is now considered a safe platform to trade crypto.
• The Power Piggy feature allows users to earn by investing their crypto in the exchange.
• You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.

With their trust token across five continents, Bitrue inspires trust and a sense of safety in the individuals who use this trading platform. Crypto exchanges have previously spread their functionalities over understanding technical analysis various apps, but Bitrue brings it all to one platform. Coinbase is one of the largest and most secure FIAT-to-crypto exchanges in the world. And this is where most people in fact start their crypto journey.

Buy, trade, & invest more than 700 cryptocurrencies

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. Our Bitrue exchange review detailed the various features that allows you to buy, sell, invest and borrow. Purchasing crypto on the platform doesn’t require KYC verification.

• A user needs only decide on an order type, enter a price and quantity, and then place the order.
• OTC traders using the Legend Trading platform can expect a fee of $30 for fiat withdrawal to the bank account.
• The exchange was temporarily down until the affected accounts were stopped, and authorities took action.

LocalBitcoins is a trading platform where people from your local area will buy from you and sell to you. The amount of bitcoins/cash you will get from LocalBitcoins is a bit lower than from regular exchanges. However, it is the price you have to pay if you want to use cash.

Bitrue Review 2023

“ETH” if you are depositing Ethereum and as of writing this guide “ETH (ERC-20)” if you are depositing USDT from Coinbase (make sure to double check before sending). It is really important that you fill out your real information as Coinbase will need it to verify your identity. A strong password is really important to keep your account and funds safe from hackers. Professional traders might feel left out because these tools are basic to intermediate. The platform recommends using the Legend Trading platform, integrated with Bitrue. The exchange now says it has bolstered its security preparedness.

Frequently Asked Questions (Faqs)

Bitrue has added support for popular tokens such as DOGE, SAFEMOON, SHIB, SOL, HBAR and others with an Annual Percentage Rate (APR) of up to 15%. There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options. BTR is a platform token issued by a crypto exchange from Singapore called Bitrue. Bitrue has headquarters located not only in Singapore but also in Taiwan, as well as some local offices in Europe and US.

Frequently Asked Questions about BTR

However, customer support needs more in-depth support articles for troubleshooting issues. While the ticket system was reasonably responsive, the lack of live chat is unacceptable for such a large platform. The charts and trading tools are powered by TradingView, which offers hundreds of technical indicators and drawing overlays. In addition, there is a Day and night mode to change the background color of the user interface, improving accessibility. All Bitrue users with a KYC-verified account can use the OTC desk to buy crypto with fiat currencies. The fees for buying crypto with traditional money depend on the trade size but range between 0.08% and 2% per transaction.

The order types on Bitrue do not match the variety offered on Binance. However, it does include a couple of widely used orders, such as Market, Limit, and Stop-Limit. The overall trading fees are relatively comparable in the market, particularly for BTC, ETH, and USDT pairs. For example, the costs are slightly cheaper than Binance and KuCoin, which use tiered fees starting from 0.1% per buy/sell position. However, the pair-based fee structure present on Bitrue is likely confusing for new users.

Bitrue Loans

Bitrue is not merely a spot for trading, but is also supports more than 10 cryptocurrencies with yearly percentage rate reaching 15% through its “interest-earn program”. Furthermore, it’s the first exchange which launched loan services backed by crypto. The range of its financial services is getting larger as the exchange continues to grow. Based in Singapore, Bitrue is one of the most trusted and commonly used crypto exchanges.