Bitrue Review
Website: bitrue.com
About company:
Bitrue is a cryptocurrency exchange that launched in July 2017. The trading floor was registered in Canada, but over time the company opened additional offices in the United States and Singapore. The US and Southeast Asian markets are a priority for bitrue.com, but traders from Russia can also work on it. We bring to your attention a detailed review of the Bitrue cryptocurrency exchange, consider the capabilities of this exchange and customer reviews about the company. Site review bitrue.com Since the cryptocurrency exchange is aimed at users from America and Southeast Asia, there is no Russian-language interface on the site. Traders who know English well will be able to work on the stock exchange. The main page of Bitrue contains an overview of the latest news and company announcements. In particular, in December, the platform introduced the possibility of borrowing, added 30 new trading pairs with Ripple, and also announced a drawing of 240,000 XRP.
Bitrue is a good alternative to other top exchanges. Both in terms of conditions and functionality. It has a daily turnover of around 3 billion, so there are no problems with liquidity. At the same time, you can trade relatively anonymously by registering in a standard way and without passing verification. It will be possible to replenish the account in the crypt, withdraw it and open positions. And verification will only increase the limits (they are not bad by the standard there) and open access to buying crypto for fiat and crypto loans.
Exchange – fire! You can trade crypto, perpetual contracts and leveraged ETFs/tokens. At the same time, cross and isolated margins are supported, and leverage for some pairs reaches x125. There are 3 types of orders supported on the spot: market, limit and trigger. In the futures market, you can enter into long and short trades. Everything works smartly, the exchange has excellent liquidity in most popular destinations. The attitude towards traders is adequate, they have never put a spoke in the wheel when withdrawing, the withdrawal itself is carried out promptly. Commissions are more than normal, including for withdrawal, not to mention trading. Due to the fact that there is an internal token, you can save on trading commissions (but the discount is small).
I have been cooperating with the exchange since the beginning of 2021. For more than a year of work, I have not experienced any problems. Those minor shortcomings that other traders point out (lack of localization, non-fixed commissions, etc.) are not critical for me. I consider the site to be reliable, yet Singapore is a good jurisdiction. Well, now there are definitely no security problems with the exchange.
I work primarily in the spot market. I prefer not to go into trading with leverage, I made deals with contracts a couple of times, but I don’t really like this format. I prefer to play in a volatile market. At the same time, I transfer part of the income to staking. There are good interest rates. Of course, now, against the backdrop of the fall of the crypto market, I had to change many strategies and stop investing. But this did not affect the quality of regular trade. In short, the exchange is really normal, not a scam. More suitable for experienced traders, although if beginners have no problems with English, then they can drop by. Money is withdrawn quickly, plus I still recommend that you go through verification just in case, although it is not required for trading. I heard that some unverified users have delays.