Bitrue Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Browser platform
- Proprietary Mobile app
- Several types of investment and staking programs
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Browser platform
- Proprietary Mobile app
- Several types of investment and staking programs
Our Evaluation of Bitrue
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bitrue is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.55 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitrue clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Bitrue is an exchange with a wide range of opportunities for active trading and investing in cryptocurrencies. Clients are provided with simple and functional trading platforms for secure transactions, as well as a good selection of financial instruments.
Brief Look at Bitrue
The Bitrue exchange was founded in Singapore. The parent company was registered in 2018 by an authority under the Ministry of Finance called the Accounting and Corporate Regulatory Authority (ACRA). At the moment, Bitrue has offices globally, including in the USA, Europe, and the Asia-Pacific region. The main coins of this exchange platform are Bitcoin (₿), Ethereum (Ξ), Tether (₮), and Ripple. In addition, operations with more than 60 coins are available here, including the proprietary BTR token. Bitrue is not just for active cryptocurrency traders. The exchange also offers options for generating passive income.
- ability to trade more than 160 pairs of cryptocurrencies;
- the possibility to start working with any amount that is comfortable for you;
- trading commission values comparable with competitors;
- storage of client funds in cold wallets;
- multi-level account protection with two-factor authentication and PIN;
- trading platforms with TradingView charts with which many traders are familiar;
- availability of passive income solutions.
- cryptocurrency trading is carried out only at the expense of the trader’s funds, without the use of leverage;
- there is no chat on the site where you can chat with the operator in real-time;
- fiat cannot be withdrawn.
TU Expert Advice
Financial expert and analyst at Traders Union
Bitrue works closely with Ripple to offer a wide range of XRP pairs. The exchange also has a proprietary Bitrue Coin called the BTR token, which can be used both for trading in tandem with BTC, ETH, USDT, and XRP, as well as when paying a commission for transactions to reduce it by 20%. To fund the deposit account, customers can use 67 coins. You can buy cryptocurrency using fiat currencies via a card or bank transfer. The fiat currencies that are currently supported are: USD, EUR, GBP, AUD, HKD, SGD, CHF, and MXN.
The website, trading platforms, and support are available in 12 languages. Terminals for making exchange transactions work based on TradingView and allow you to build charts for 10 timeframes. Your account login is protected by two-factor authentication, while trading and withdrawals are protected by a 6-digit PIN. Most of the clients’ crypto assets are stored in cold wallets.
On Bitrue, you can trade not only cryptocurrency pairs, but also ETFs. Leveraged futures transactions are also available. The exchange supports market, limit, and preset trigger orders. It is worth noting that funds from the Bitrue platform can only be withdrawn to crypto wallets, but without any additional fees from the exchange. Communication with support is carried out only through email. There is no online chat or ticket system.
- You want low trading fees, as Bitrue offers some of the lowest trading fees in the industry, starting at 0,1% for maker fees and 0,2% for taker fees, allowing you to save on transaction costs.
- You value security, as Bitrue prioritizes security measures, including multi-layer security protocols, cold wallet storage for funds, and partnerships with reputable security firms like McAfee and NSFOCUS, ensuring a secure trading environment for users.
- You prioritize fiat currency support. Bitrue primarily facilitates crypto-to-crypto trading, with limited support for fiat currencies. If you rely heavily on fiat currencies for your trading activities or prefer exchanges with extensive fiat currency options, Bitrue may not be the ideal choice for you.
Bitrue Summary
| 💻 Trading platform: | Proprietary mobile applications and browser platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | 67 cryptocurrencies including BTC, LTC, and XRP |
| 💵 Replenishment / Withdrawal: | Crypto wallets, Visa and MasterCard, ACH, international bank transfer |
| 🚀 Minimum deposit: | No deposit requirements |
| ⚖️ Leverage: | 1:1 is for trading cryptocurrency pairs; 1:2-1:125 are for transactions with futures contracts |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | 0.098-0.280% |
| 🔧 Instruments: | cryptocurrencies, futures for cryptocurrencies, ETFs |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No |
| ⭐ Trading features: | Several types of investment and staking programs |
| 🎁 Contests and bonuses: | Trial funds - virtual funds to pay off commissions for trading futures, contests, and discounts on the purchase of coins (periodically) |
There are 167 trading pairs available on Bitrue, but fiat is not supported. The exchange only provides leverage for futures transactions.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | $2 - with a trading volume of $1,000 | Only network fees of the blockchain system |
The table below shows the commissions of exchanges with different approaches to charging fees for their services. Note that the Traders Union has indicated
| Broker | Average commission | Level |
|---|---|---|
|
$2 | |
|
$6 | |
|
$0.1 |
Investment Options
Bitrue offers users several types of investment programs based on Staking. At the same time, they differ in the amount of interest and the terms for freezing funds, so each trader can easily choose the option that suits him. The exchange also pays a referral fee for attracting new customers.
Investment solutions based on staking
The Yield Farming program allows you to receive passive income not only for storing crypto assets but also for lending them. The exchange blocks funds for a period of 7 to 90 days and pays the investor 2-114.8% per annum after the end of the freezing period specified in the offer. The Power Piggy investment service is similar to Yield Farming but allows you to receive income even before the end of the funds’ blocking period. Interest is available from 1.9% to 20% per annum. Income is accrued every day around 16:00 UTC.
If part of the funds is kept in the BTR token, then the investor receives the following percentages:
6.1% on XRP;
7% on ADA, LINK, VET, and ZIL;
8.5% on BTC;
10% on USDT;
11% on ETH.
Each Bitrue client can participate in investment programs. However, you should take into account that some of them have a minimum investment amount. For the entire duration of the programs, the funds contributed by the investor are blocked and they cannot be used for exchange and trading. You can exit Yield Farming early and withdraw your investments, but in that case, you’ll earn no interest.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Bitrue’s affiliate program
The first type of referral reward is the percentage of the trading commission of connected users. The base level is 25%. If the referrals’ wallet balance is equal to or greater than $10,000, then the amount of payments increases to 50%.
The second type of bonus for partners is a percentage of referrals’ investments in the Power Piggy program. The amount of payment is 0.7% per annum.
A separate type of referral program is available to clients who trade futures through Bitrue. They can earn up to $3,000 per month. Conditions for earning funds are: the referral must deposit at least $500 to Bitrue, transfer $100 or more to a futures account, and trade $1,000 or more every week.
User Satisfaction