Then fill in the code you received and continue to the next step. Due to its lower volume, Bitrue is not among the top 50 exchanges by liquidity. Also, If you decide to partake in yield farming or other risky investment products on the platform, you may lose your entire investment when staking cryptocurrency. Before verifications, users can deposit, trade, invest, buy, and withdraw up to 2 BTC daily. Hackers stole close to $4.5 million worth of Ripple and Cardano coins.
- We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries.
- Thankfully, due to the exchange’s security architecture, most users’ funds were stored in offline multi-signature cold wallets and were unaffected by the hack.
- Overall, charting and trading on Bitrue lets altcoin traders use a wide range of technical indicators to analyze the charts and place orders in the market.
- Paying for transaction fees using the native Bitrue coin (BTR) applies a 30% discount.
- It has a completely different network and structure than the regular Bitcoin.
Bitrue is a good crypto trading platform for individuals that want to trade using XRP as the base pair. With over 50 XRP trading pairs and 114 supported crypto assets, Bitrue is geared toward customers that want to grow their XRP portfolio. Bitrue Exchange is an unregulated cryptocurrency trading platform allowing customers to buy and sell Bitcoin and other crypto assets safely and securely. While headquartered in Singapore, Bitrue is available globally, with offices in the United States, Europe, and Asia Pacific.
Bitrue Customer Support
Coinbase is as of writing this article offering 240 different cryptocurrencies but we are going to focus on buying Tether (USDT) today. Click the button below and sign up to get a bonus of $10 in BTC when you buy $100 worth of any cryptocurrency. Bitrue beginner investing doesn’t specify any minimum or maximum deposit limits for purchase via credit cards. However, there is a 3.5% or $10 charge, whichever is higher for credit card transactions. Deposits take an average of minutes before being credited to the fiat wallet.
- The speeds for withdrawal of crypto will depend on a particular cryptocurrency.
- The stronger your password is, the safest your money will be.
- You should consider whether you can afford to take the high risk of losing your money.
- For example, to borrow USDT, the daily interest rate is between 0.024% and 0.055%.
- Once you have double-checked the address you can enter how much USDT you want to send and a message (if you want to).
Once you have created a new account on Bitrue by following similar steps as we did on Coinbase you will be prompted to activate 2-factor authentication (2FA). You should have by now received a confirmation email in your inbox. However, if you can’t find it in the inbox make sure to check the spam folder before taking any further action. After that open the email and click on the link inside of it to confirm your account.
Written by CryptooGuide
The platform initially started as a platform focusing on XRP, which has worked to its advantage. It is currently the second-best platform after Binance for XRP. Bitrue uses XRP as its base currency, offering many trading pairs involving XRP.
Buy and sell Bitcoin from local sellers on LocalBitcoins.com
There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic. Once you are registered to any of the above, find the BTC/BTR or ETH/BTR trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum. Bitrue provides various rewards and bonuses based on different criteria. Each time the transaction occurs, the original creator gets a percentage of the amount. Using BTR for particular features on the platform can also offer you a bonus regarding discounts on fees.
Is Bitrue available in my language?
The fees reduce for larger transaction sizes which is beneficial for high-net-worth individuals. However, Bitrue will charge a 1.5% premium for purchases between $2,000 and $10,000. The fees on Bitrue depend on the trading pair selected and vary between 0.098% to 0.28%.
The registration process is simple and requires that the user inputs an email address and password. As the exchange is predominately a crypto-to-crypto trading platform, there is no requirement to immediately complete the Know-Your-Customer (KYC) process. Bitrue is one of the best places to buy XRP and is also suited for investors and traders who are looking to trade XRP pairs to accumulate tokens. The exchange added XRP as a base pair in July 2018 and now has over 50 trading pairs to buy and sell XRP for other cryptos. According to the Bitrue website, more than 10% of the world’s trading volume for XRP occurs on their platform. Bitrue is still new in the industry, but it meets the qualification of the ideal trading platform for any traders.
Bitrue is a crypto exchange and a digital asset management platform. It is one of Ripple’s recommended exchanges for the crypto trading platform and XRP trades. Bitrue is an all-in-one platform where users can use their Bitrue accounts to buy/sell, exchange, and deposit/withdraw crypto, and blockchain-based digital assets.
The payment methods available are usually Credit/Debit card & Bank Account. Now it’s time to enable 2-factor authentication (2FA) for your account. The 2FA will add one more layer of safety to your account and is an industry-standard these days. So fill out your phone number and then hit the “Send code” button.
What are the deposit and withdrawal fees, limits, and speeds?
The user web interface is simple enough, and the mobile apps are easy to use. The interface for borrowing and investing is also straightforward. Advanced users can enjoy sophisticated features like perpetual futures and Leveraged EFTs.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. The exchange does not state whether they charge for crypto deposits. Crypto deposits are typically instant but may depend on a specific cryptocurrency.
For your peace of mind while trading, we state whether or not each crypto is regulatory-approved and by which institutions. However, customer funds lost in the hack were reportedly reimbursed by the exchange soon after. Thankfully, due to the exchange’s security architecture, most users’ funds were stored in offline multi-signature cold wallets and were unaffected by the hack.