Bitrue Review 2024

Autor

Revisor

Last update: 6 months ago

Our veredict

Bitrue, as a crypto exchange, offers several robust features that make it attractive, particularly for users looking to explore a variety of crypto assets. Its strength lies in its diverse range of supported cryptocurrencies, enabling users to trade a broad spectrum of coins beyond just the major ones. This diversity is especially beneficial for traders interested in less mainstream options, providing them a platform to engage with different crypto markets.

However, there are some drawbacks to consider. Bitrue’s platform might not be as accessible to users in certain regions due to geographic restrictions, which limits its usability globally. Additionally, while it offers a variety of cryptocurrencies, its features such as advanced trading options might not be as developed as those found in more established exchanges. Despite these issues, Bitrue remains a competitive option for crypto traders looking for variety and an expansive asset catalog.

Pros

Cons

4,1

Threenvest Score

Fees

0,01%/0,35%

U.S Legal

With the confidence of Threenvest

Security Methods: Bitrue implements robust security measures to protect user assets. These include two-factor authentication (2FA), cold storage of the majority of funds to minimize exposure to potential hacks, and encryption technology to secure users’ data. These stringent security protocols are a cornerstone of Bitrue’s reliability.

Year Founded: Established in 2018, Bitrue has quickly risen to prominence in the cryptocurrency space. Despite being relatively new, it has built a reputation for reliability and innovation, indicating a solid foundation and a commitment to long-term growth and stability.

Trading Volume and Liquidity: Bitrue boasts a high trading volume and liquidity, which is indicative of a healthy trading environment. High liquidity ensures that traders can execute transactions quickly and at predictable prices, making Bitrue an attractive platform for both casual and serious traders.

Customer Service: Bitrue is known for its responsive and helpful customer service. Having a reliable customer support team is essential in the crypto space where users often need quick and effective solutions to their issues. Bitrue’s commitment to excellent customer service fosters trust and user satisfaction.

Reputation and Reviews: The exchange has garnered positive reviews and a good reputation within the cryptocurrency community. User feedback often highlights the platform’s user-friendly interface, range of supported cryptocurrencies, and the reliability of its services. Positive community feedback and testimonials further reinforce the trustworthiness of Bitrue.

Best Crypto Exchanges

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About Bitrue Exchange

Introduction Bitrue, launched in 2018, has quickly established itself as a notable player in the global cryptocurrency market. It blends traditional finance’s reliability with the innovative potential of cryptocurrencies, offering users a wide range of digital assets and financial products.
What is Bitrue? Bitrue is a cryptocurrency exchange that caters to the trading and investment needs of both beginners and experienced traders. It offers a platform for trading various digital currencies, along with additional investment options such as loans, staking, and yield farming.
Background and History Founded with a commitment to security and user satisfaction, Bitrue has expanded its offerings over time to include not just trading but also comprehensive financial services in the crypto space. Despite facing challenges like security breaches, it has continued to grow and adapt, enhancing its security measures and user features.
Founders Bitrue was founded by a team led by Curis Wang, an entrepreneur with a background in both the technology and finance industries. The leadership’s vision of bridging the gap between traditional finance and cryptocurrencies has guided Bitrue’s strategies and operations.
Fun Fact Did you know? Bitrue was one of the first exchanges to offer “Power Piggy,” an investment product allowing users to earn interest on their idle cryptocurrencies.
Interesting Fact Bitrue is not just a trading platform; it also places a strong emphasis on community involvement and offers regular trading competitions and interactive sessions, which have been pivotal in building a loyal user base.

Why Choose Bitrue?

Choosing Bitrue as your cryptocurrency exchange offers several compelling benefits that cater to both new and seasoned investors. Firstly, Bitrue’s extensive selection of cryptocurrencies, including major coins and various altcoins, provides a broad market for traders looking to diversify their portfolios. This variety, combined with competitive trading fees, makes it an attractive platform for engaging in various trading activities.

Secondly, Bitrue is not just a trading platform; it’s a comprehensive financial hub in the crypto space. It offers innovative financial products such as loans, staking, and yield farming, which allow users to earn passive income on their holdings. This feature is particularly beneficial for long-term investors who want to maximize the yield on their investments.

Lastly, Bitrue’s commitment to security and user support stands out. With robust security measures in place, including cold storage options and multi-signature technologies, users can trade with confidence knowing their assets are protected. Additionally, Bitrue’s responsive customer service ensures that users receive the help they need when they need it, enhancing the overall user experience and making it a reliable choice for entering the crypto market.

Where it falls short

User Interface Complexity: While Bitrue offers a wealth of features and financial products, new users may find the platform’s interface overwhelming. The complexity of navigating through various trading and financial options can deter beginners who are not yet familiar with cryptocurrency trading. To enhance user experience, Bitrue could streamline its interface, making it more intuitive and user-friendly. Simplifying the dashboard and providing more guided tutorials could help new users ease into crypto trading more smoothly.

Past Security Breaches: Bitrue has experienced security breaches in the past, which is a significant concern for users. Although steps have been taken to bolster security, there’s always room for improvement in this critical area. Increasing transparency regarding ongoing security measures, conducting regular third-party security audits, and further enhancing their cold storage capabilities could reassure users about the safety of their funds. Additionally, implementing more stringent real-time monitoring to detect and prevent unauthorized access can further fortify their defenses.

Features	Explanation
Minimum Trade	Bitrue allows users to engage in trading with relatively low minimum trade requirements, making it accessible for beginners.
Trading and Transaction Fees	Bitrue offers competitive trading fees that are lower than many other exchanges, though they can vary based on market conditions and trading volume.
Number of Cryptocurrencies	Offers a wide range of cryptocurrencies, providing users with many trading options across popular and niche markets.
Crypto-to-Crypto Trading Pairs	Bitrue excels in offering a diverse array of crypto-to-crypto trading pairs, facilitating robust trading strategies.
Website Transparency	While Bitrue provides essential information, some users might find it difficult to locate detailed data about certain policies or operational aspects.
Credit/Debit Card	Bitrue lacks an exchange card feature, which is a notable omission compared to some competitors who provide this convenient service for everyday transactions.
Storage Offering	Provides secure storage options with the integration of cold storage solutions, enhancing the safety of user funds.
Staking and Rewards	One of Bitrue’s strengths, offering competitive staking options and rewards that are attractive to users looking to earn passive income.
Mobile App and Desktop	Both the mobile app and desktop platform are well-designed, offering full functionality with occasional user interface complexities.
Customer Service	Offers 24/7 customer support, though response times and the quality of support can vary, reflecting room for improvement.
Deposit and Withdraw	Bitrue provides a variety of deposit and withdrawal methods, although some users have reported delays with fiat transactions.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert on our website, I recommend Bitrue for those interested in a diverse selection of cryptocurrencies and robust security features. In my experience, Bitrue’s platform is user-friendly and ideal for both beginners and experienced traders. The exchange’s commitment to maintaining competitive fees and offering a reliable customer support service makes it a solid choice for anyone looking to engage with the crypto market effectively.

Fees

Bitrue’s commission structure is designed to be competitive and accessible for traders of all levels. The exchange utilizes a tiered fee system, where the fees decrease as a user’s trading volume increases, incentivizing active trading. Typically, trading fees range from 0.098% to 0.028% for takers and from 0.075% to 0.020% for makers, which are below industry averages. This structure makes Bitrue an attractive option for both high-volume traders seeking to minimize costs and newcomers looking to enter the crypto trading space affordably.

Pros

Competitive Rates: Bitrue offers lower than average trading fees, which decrease further with increased trading volume, making it cost-effective for frequent traders.
Incentives for Makers: Makers receive reduced fees, promoting liquidity on the platform by rewarding those who add to the order book.
No Deposit Fees: Users benefit from zero fees on deposits, reducing the cost of entry for new traders and those looking to top up their accounts.

Cons

Variable Withdrawal Fees: Withdrawal fees can vary depending on the cryptocurrency, which might lead to unpredictability in planning withdrawals, especially in a volatile market.
Complexity for New Users: The tiered fee structure, while beneficial for some, can be complex for new users to understand, potentially leading to confusion about the actual costs of trading.

Product selection

Bitrue provides a comprehensive array of services and products designed to cater to a broad spectrum of cryptocurrency enthusiasts, from beginners to advanced traders. The platform stands out for its diverse offerings which include spot trading, futures trading, and an extensive range of altcoins. Additionally, Bitrue is recognized for its innovative financial services like crypto-backed loans and interest-earning opportunities through staking and various savings programs. These features allow users to not only trade but also enhance their assets through passive income, making Bitrue a versatile platform for comprehensive crypto financial management.

Pros

Diverse Financial Products: Bitrue offers a range of financial products including staking, loans, and yield farming, providing users with multiple avenues to earn passive income on their cryptocurrency holdings.
Comprehensive Trading Options: The platform supports spot, futures, and options trading, catering to various trading strategies and risk preferences among users.
User-Friendly Mobile App: Bitrue’s mobile app is highly rated for its ease of use and full functionality, which allows users to trade on the go and manage their accounts efficiently from anywhere.

Cons

Complex Interface for Beginners: While Bitrue offers a wide array of features, the interface can be overwhelming for new users, making it difficult to navigate and utilize the platform effectively without a learning curve.
Limited Educational Resources: Despite its advanced offerings, Bitrue lacks comprehensive educational materials that could help new traders understand complex trading products and the crypto market dynamics, which could hinder less experienced users from fully leveraging the platform’s capabilities.

Read more about product selection in Bitrue

Bitrue stands out as a robust cryptocurrency exchange with a comprehensive suite of services and products that cater to a diverse range of user needs. Here’s a detailed exploration of the offerings available on Bitrue, aimed at both beginners and seasoned crypto enthusiasts.

Leveraged Tokens: Bitrue offers leveraged tokens, allowing users to gain increased exposure to the price movements of cryptocurrencies without the need to manage a leveraged position manually.
Debit Card: Bitrue provides a connected debit card, enabling users to spend their cryptocurrency holdings in real-world scenarios, bridging the gap between digital and traditional finance.
Mobile App: The platform features a user-friendly mobile application that supports trading, fund management, and other functionalities, ensuring users can access their accounts and trade from anywhere.
Own Cryptocurrencies: Bitrue has launched its own native tokens, which can be used within the ecosystem for trading fee discounts, staking rewards, and participation in unique platform activities.
Financial Products: Bitrue offers a variety of financial products such as staking, loans against crypto holdings, and liquid swap facilities, enhancing user engagement and investment opportunities.
Launchpad: The Bitrue Launchpad serves as a platform for launching new tokens and cryptocurrencies, providing users with early access to new and potentially lucrative crypto projects.
EARN: Users can participate in Bitrue’s EARN program, which includes options for staking and other passive income strategies, optimizing the earning potential from idle assets.
Yielding Pools: Bitrue provides yielding pools that allow users to deposit their cryptocurrencies to earn interest, compounding their holdings over time.
Bonus Deals: Regular promotional events and bonus deals incentivize user participation and trading on the platform, adding value through discounts or bonus tokens.
Referral Codes: Bitrue offers a referral system that rewards users for inviting new traders to the platform, encouraging community growth and platform loyalty.
Tournaments: Bitrue organizes trading tournaments and contests, offering substantial rewards and fostering a competitive yet collaborative community environment.
API Access: For advanced users, Bitrue provides API access for automated trading and custom integration, catering to algorithmic traders and developers.
Trading View Integration: The platform integrates Trading View charts, offering comprehensive analysis tools that help users make informed trading decisions based on technical analysis.

Each of these services and products is designed to provide a holistic trading and investment experience, making Bitrue not just a trading platform but a comprehensive crypto financial ecosystem. Whether you are looking to trade actively, invest passively, or explore new crypto projects, Bitrue offers tools and resources that can cater to a wide spectrum of financial activities in the crypto space.

Account opening

Opening an account on Bitrue is a straightforward process designed to be quick and user-friendly, catering to both novice users and experienced traders. To get started, you simply need to visit the Bitrue website or download the mobile app, click on the “Sign Up” button, and enter your email address or phone number along with a secure password. After verifying your email or phone through a verification code sent to you, your account is ready for use. This initial setup allows immediate access to trading features, although further identity verification may be required to unlock higher withdrawal limits and access to additional services.

Pros

Speed and Simplicity: The registration process on Bitrue is fast and straightforward, requiring just an email address or phone number, which makes it accessible for users eager to start trading quickly.
No Immediate KYC Required: Bitrue allows users to explore and use basic trading features without immediate identity verification, offering convenience and privacy for new users.
Multi-Platform Accessibility: Users can sign up and manage their accounts through both the desktop and mobile platforms, providing flexibility to trade and check investments on-the-go.

Cons

Limited Initial Functionality: Without completing additional KYC verification, users are restricted to lower withdrawal limits and cannot access the full spectrum of services, which may delay full engagement with the platform.
Complexity for Advanced Features: Accessing more sophisticated trading options and higher account limits requires navigating multiple levels of verification, which can be cumbersome and time-consuming for users looking to quickly escalate their trading activities.

Read more about account opening in Bitrue

Opening an account on Bitrue involves several key steps designed to ensure security and compliance while providing users with access to its comprehensive crypto trading services. Here’s a detailed guide on how to navigate these steps:

How to Sign Up on Bitrue

Visit the Website or Mobile App: Start by navigating to Bitrue’s official website or downloading its mobile application from the app store suitable for your device.
Create an Account: Click on the ‘Sign Up’ button. You will need to provide an email address or mobile number. Set a strong password to enhance account security.
Email/Mobile Verification: Verify your email or mobile number through the code sent to your chosen method of communication. This step is crucial for the activation of your account.
Two-Factor Authentication (2FA): Set up 2FA using Google Authenticator or SMS for an added layer of security. This step is optional initially but recommended before you start trading.

Opening An Account

KYC Verification: Complete the Know Your Customer (KYC) process by submitting the required identification documents. This may include a photo ID and, in some jurisdictions, proof of address.
Security Settings: Configure additional security settings, which include setting up security questions and anti-phishing codes.

How to Buy Your First Cryptocurrency

Deposit Funds: You can deposit fiat via bank transfer or credit card, or crypto into your newly created Bitrue account. Navigate to the ‘Deposit’ section, select your preferred currency, and follow the instructions to transfer funds.
Navigate the Trading Interface: Once your funds are deposited, go to the trading interface. Select the cryptocurrency you wish to purchase.
Place an Order: Choose between a market order (buy immediately at the current market price) or a limit order (set a price at which you want to buy the cryptocurrency), and execute the trade.

Account Types

Bitrue offers different account types based on trading volume and KYC level:

Basic Account: Allows trading and withdrawals with a lower limit.
Verified Account: Increases withdrawal limits and provides access to advanced trading tools.
Institutional Account: For users with high volume, offering personalized service and fee structures.

How to Use Bitrue?

Navigate: Use the dashboard to monitor your assets, check market graphs, and manage your investments.
Trade: Access various trading pairs, adjust settings, and track your trading history.
Security Management: Regularly update your security settings and monitor login activity.

Registration and KYC

This process involves providing personal details and uploading ID documents to meet regulatory requirements. KYC is essential for unlocking higher withdrawal limits and accessing a broader range of services. Remember, learning how to deposit money is crucial, and detailed instructions are typically available under the ‘Deposit’ section of your account dashboard. This comprehensive guide aims to make your entry into cryptocurrency trading as seamless and secure as possible.

Security

Bitrue emphasizes robust security measures to protect user assets and data, employing a comprehensive security framework that includes cold storage for the majority of digital assets, which minimizes the risk of hacks by keeping funds offline. The platform also requires two-factor authentication (2FA) for all users, adding an additional layer of protection against unauthorized access. Advanced encryption technologies are in place to safeguard personal and financial information, and regular third-party security audits are conducted to identify and mitigate potential vulnerabilities. These practices demonstrate Bitrue’s commitment to maintaining a secure trading environment for its users. Despite these strong security measures, Bitrue’s history includes past security breaches that have raised concerns among some users. The platform has responded by significantly enhancing its security protocols and maintaining transparency about these improvements. However, these incidents highlight the ongoing challenges of maintaining security in the dynamic cryptocurrency landscape. While Bitrue has taken considerable steps to bolster its defenses and ensure user confidence, it is crucial for users to stay vigilant and adopt best security practices to protect their accounts further. Overall, Bitrue offers a solid security foundation, but like all exchanges, it continuously works to adapt and improve its security measures in response to emerging threats

Pros

Robust Cold Storage Measures: Bitrue stores a significant portion of user funds in cold storage, minimizing the risk of theft from cyberattacks by keeping assets offline.
Regular Security Audits: Bitrue conducts frequent security audits by third-party firms to identify and mitigate vulnerabilities, ensuring the platform's defenses remain robust against potential security breaches.
Enhanced User Authentication: The mandatory implementation of two-factor authentication (2FA) for all users adds an extra layer of security, significantly reducing the chances of unauthorized access to accounts.

Cons

Past Security Incidents: Despite strong security measures, Bitrue has experienced security breaches in the past. This history might concern users about potential future vulnerabilities.
Complex Security Measures for New Users: While effective, the security measures can be overwhelming for new users, particularly those not familiar with practices like using 2FA or managing multi-signature wallets. This complexity might deter less tech-savvy individuals from using the platform effectively.

Is Bitrue Legit?

Bitrue is a legitimate cryptocurrency exchange that has been operational since 2018. It operates with a strong adherence to industry standards and regulatory requirements, providing a reliable platform for cryptocurrency trading. Bitrue has established itself with a growing user base and has been active in expanding its services globally.

Regulation and Licensing

While Bitrue is not regulated by a major financial authority, it follows stringent self-regulatory practices. The platform employs compliance measures in line with global cryptocurrency standards, aiming to ensure user transactions are secure and transparent.

Is Bitrue Safe to Use?

Security Methods: Bitrue incorporates several advanced security protocols:

Cold Storage: A significant portion of the digital assets on Bitrue are stored in cold wallets, which are isolated from any online system and provide strong protection against hacking.
Multi-Factor Authentication (MFA): This is required for all transactions, withdrawals, and significant account changes, adding an extra layer of security.
Encryption and Network Security: The platform uses high-grade encryption to protect user data and transaction details, safeguarding them from unauthorized access.

User Security Education: Bitrue invests in educating its users about security best practices and how to protect their accounts against common threats, such as phishing.

History of Security

While Bitrue has faced security challenges in the past, including breaches where user funds were compromised, it has taken substantial steps to overhaul its security measures. These incidents have led to strengthened security protocols and systems designed to better protect user assets.

Security Conclusion

Overall, Bitrue has demonstrated a commitment to security by implementing robust measures and continuously improving its security posture. However, users should remain vigilant and adhere to recommended security practices, especially given the platform’s history of breaches.

Conclusion

As with any cryptocurrency exchange, while Bitrue has established strong security measures, the inherent risks associated with digital asset platforms suggest that users should employ personal security strategies alongside relying on the platform’s protections.

Customer service

Bitrue’s customer service is structured to offer comprehensive support through various channels, ensuring users can get assistance whenever needed. Available 24/7, Bitrue’s support team can be reached via live chat, email, and an extensive help center. The live chat feature is particularly praised for its quick response times, making it a preferred method for urgent issues. The help center provides detailed articles and FAQs, helping users troubleshoot common problems independently. Despite the generally positive feedback on accessibility, some users have reported that resolving complex issues can take longer than expected, highlighting an area for improvement. Reputation-wise, Bitrue’s customer service receives mixed reviews. Many users commend the prompt and helpful responses, especially for straightforward inquiries. However, there are instances where the quality of responses for more technical or complicated issues falls short, necessitating multiple follow-ups. Additionally, while the platform’s support is available through multiple channels, enhancing the depth of technical support and ensuring quicker resolutions for intricate problems could significantly boost user satisfaction. Bitrue’s commitment to improving its customer service is evident, but continuous enhancements are needed to meet the high expectations of a diverse and growing user base.

Pros

24/7 Availability: Bitrue offers round-the-clock customer support, ensuring that users can access assistance at any time, which is particularly beneficial for a global user base operating in different time zones.
Responsive Live Chat: The live chat feature is noted for its quick response times, providing immediate assistance to users, which is crucial for urgent issues that need swift resolution.
Multiple Support Channels: Users can reach out via live chat, email, and through the help center, providing various options to suit different preferences and needs. This flexibility enhances user satisfaction by allowing them to choose the most convenient way to get support.

Cons

Resolution Time for Complex Issues: While basic inquiries are handled quickly, more complex issues may experience delays in resolution. Users have reported frustration over the time taken to resolve detailed problems, which can affect trading activities and overall user experience.
Quality of Responses: Some users have noted that while the response times are quick, the quality of the answers can sometimes be lacking, particularly for technical or non-standard issues. This can lead to multiple interactions before reaching a satisfactory resolution, impacting user satisfaction.

Read more about customer service in Bitrue

For the customer service section of Bitrue, here’s a comprehensive breakdown covering key aspects such as support options, reputation, user feedback, contact methods, response times, and additional considerations that users may find valuable:

Customer Support

Bitrue’s customer service is designed to be responsive and supportive, addressing users’ needs promptly. The platform offers several avenues through which users can seek help and information, ranging from direct support options to self-help resources.

Reputation and Customer Feedback

Reputation: Bitrue has developed a reputation for providing accessible and effective customer service. The availability of multiple support channels and 24/7 customer service is particularly appreciated by its global user base. Customer Feedback:

Positive: Users often praise the quick response times and the availability of support staff around the clock. The ability to address urgent issues quickly is frequently highlighted in user reviews.
Negative: There are some criticisms regarding the depth of responses for more complex issues. Some users feel that while responses are quick, they sometimes lack the necessary details or follow-through to resolve more intricate problems fully.

Methods of Contact

Bitrue provides various methods for users to contact customer support:

Live Chat: Available directly on the platform for real-time assistance.
Email Support: Users can send detailed queries and expect a comprehensive response.
Help Center: A detailed FAQ and troubleshooting guide that allows users to independently resolve common issues or learn more about the platform.
Social Media: Bitrue is active on several social media platforms, where users can reach out for support or stay updated on platform news.

Response Time

Live Chat: Typically responds within minutes, making it suitable for urgent support needs.
Email: Responses can vary from a few hours to a day, depending on the complexity of the issue raised.
Help Center: Instant access to articles and guides, providing immediate assistance for common questions and technical issues.

Additional Considerations

Language Support: Considering Bitrue’s global user base, the availability of support in multiple languages would be a significant advantage, ensuring that non-English speakers receive adequate support. Quality of Information: Enhancing the training of customer support representatives to provide more detailed and technically accurate responses could improve the resolution rate for complex inquiries. Proactive Communication: Bitrue could benefit from more proactive communication regarding updates, known issues, or changes affecting users, potentially reducing the volume of support requests related to common queries or platform updates. Customized Support: For advanced traders or those with significant investment on the platform, dedicated account managers or tiered support levels could enhance the user experience by providing more personalized service. This comprehensive view of Bitrue’s customer service aims to inform potential and current users about what to expect when interacting with the platform’s support team, highlighting the strengths and areas for improvement in Bitrue’s customer support strategy.

Is bitrue Right for You?

1. Trading and Financial Product Needs

If you’re seeking a platform that offers a wide range of trading options including spot, futures, and options trading, Bitrue could be a great match. Moreover, Bitrue stands out for its innovative financial products such as staking, loans against crypto, and other earning opportunities like yield farming. This makes it an attractive option for users interested in more than just trading cryptocurrencies but also in earning passive income from their holdings.

2. Security and Risk Management

Security is a paramount concern for any trader in the cryptocurrency space. Bitrue has made significant efforts to enhance its security protocols, especially following past security breaches. It employs robust measures such as cold storage for the majority of funds, two-factor authentication, and regular security audits. If you prioritize security but are also willing to look past historical issues that have since been addressed, Bitrue’s current security measures and transparency might meet your standards.

3. User Interface and Support Services

Bitrue offers a comprehensive trading environment with advanced tools integrated into a user-friendly interface, which is beneficial for both novice and experienced traders. However, if you are new to cryptocurrency trading, consider whether you will need extensive customer support. Bitrue provides 24/7 customer service and multiple support channels, which can be particularly helpful as you navigate your initial trading experiences. Evaluate if the level of support and the educational resources provided align with your needs, especially if you are less experienced. By reflecting on these points, you can better assess whether Bitrue aligns with your specific trading style, security preferences, and support needs, making it easier to decide if this platform is the right choice for engaging in cryptocurrency trading and investment activities.

Bitrue compared to other crypto exchanges

Threenvest score

4,1

Fees

0,01%/0,35%

US Legal

Security

High 4,9/5

On the exhange website

Threenvest score

4,9

Fees

0,08%

US Legal

Yes

Security

High 4,9/5

bingx

Threenvest score

4,7

Fees

US Legal

Yes

Security

High 4,9/5

Available cryptocurrencies and countries available

Bitrue offers an extensive range of cryptocurrencies, boasting over 200 different digital assets for trading. This diversity makes it a suitable platform for traders looking to explore a variety of cryptocurrency markets, from popular ones to more niche offerings.

Principal Countries Available

Bitrue is accessible in many countries across the globe, including but not limited to:

Major European countries
Parts of Asia, including Japan and South Korea
Australia
Canada

However, it’s important to note that regulatory environments affect availability, and users should check the specific availability in their location.

Main Cryptos Not Available

While Bitrue supports a wide array of cryptocurrencies, it does not currently offer some specific prominent cryptocurrencies like Cardano (ADA) and Polkadot (DOT). The absence of these coins might be a significant factor for traders whose strategies are centered around such assets.

Important Countries Not Supported

One notable limitation is the non-availability of Bitrue for residents of the United States. Due to regulatory restrictions, U.S. residents cannot open accounts with Bitrue, which can be a significant drawback for traders based in the U.S. seeking to access its services. This snapshot of Bitrue’s cryptocurrency offerings and geographical availability should help potential users determine if the exchange meets their trading needs and whether they can access its services from their respective countries.

Main cryptocurrencies available

Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
Litecoin (LTC)
Bitcoin Cash (BCH)
EOS (EOS)
Tron (TRX)
Stellar (XLM)
IOTA (MIOTA)
NEO (NEO)
Dash (DASH)
NEM (XEM)
Zcash (ZEC)
VeChain (VET)
Tezos (XTZ)
Chainlink (LINK)
Cosmos (ATOM)
Monero (XMR)
Ethereum Classic (ETC)
Binance Coin (BNB)

Main countries where you can open an account

Canada
Australia
United Kingdom
Germany
France
Netherlands
Italy
Spain
Switzerland
Sweden
Norway
Japan
South Korea
Singapore
New Zealand
India
Brazil
South Africa
Russia
Hong Kong

FAQs

1. How do I get started with trading on Bitrue?

To begin trading on Bitrue, simply create an account by visiting the Bitrue website or downloading the mobile app. Register using your email or mobile number, verify your account, and you can start trading by depositing funds either in fiat or cryptocurrency.

2. What are the fees for trading on Bitrue?

Bitrue charges a variable fee for trades, based on the maker-taker model. Fees can range from 0.075% to 0.098% for takers and even lower for makers, depending on the user’s trading volume over the previous 30 days.

3. Can I use Bitrue in the United States?

As of 2024, Bitrue is not available to residents of the United States due to regulatory constraints. U.S. residents are advised to seek other platforms that comply with local financial regulations.

4. What security measures does Bitrue have in place?

Bitrue employs several robust security measures, including cold storage of assets, mandatory two-factor authentication (2FA), and regular security audits by third-party services to protect user accounts and assets.

5. How can I withdraw my funds from Bitrue?

To withdraw funds, navigate to the ‘Withdraw’ section in your account, select the currency and amount you wish to withdraw, and input your wallet address. After completing any required security verifications, your transaction will be processed.

6. Does Bitrue support fiat deposits?

Yes, Bitrue supports fiat deposits. Users can fund their accounts using various methods including bank transfers and credit/debit cards, depending on their geographical location.

7. What should I do if I forget my login password?

If you forget your password, you can reset it by clicking the ‘Forgot Password’ link on the login page. You will need to provide your registered email address or phone number to receive a reset link or code. Follow the instructions carefully to set up a new password.

Final opinion on Bitrue

At Threenvest, our comprehensive review of Bitrue reveals that it is a dynamic cryptocurrency exchange catering to a diverse audience, from novice traders to experienced market participants. With an extensive selection of over 200 cryptocurrencies, Bitrue offers a robust trading environment that supports a variety of trading strategies through its spot, futures, and options markets. Additionally, Bitrue distinguishes itself with innovative financial products such as staking, loans, and yield farming, allowing users to not only trade but also maximize their investments passively.

However, despite its strengths, Bitrue has areas that require attention, particularly in its past security breaches. While the platform has significantly enhanced its security measures, including implementing cold storage and mandatory two-factor authentication, these past issues may still be a concern for potential users. Moreover, its interface, while comprehensive, can be complex for beginners compared to more streamlined services offered by competitors. Overall, Bitrue stands out for its diverse offerings and commitment to security enhancements, making it a noteworthy option in the crowded cryptocurrency exchange market. For users seeking a platform that balances trading options with innovative financial products, Bitrue, as reviewed by Threenvest, offers a compelling choice, provided users are aware and comfortable with navigating its comprehensive environment.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.