Bitrue Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Bitrue trading signals. You will learn what kinds of trading signals Bitrue offers and what the conditions for using them are.
Short introduction of 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.
| 💰 Account currency: | 67 cryptocurrencies including BTC, LTC, and XRP |
| 🚀 Minimum deposit: | No deposit requirements |
| ⚖️ Leverage: | 1:1 is for trading cryptocurrency pairs; 1:2-1:125 are for transactions with futures contracts |
| 💱 Spread: | 0.098-0.280% |
| 🔧 Instruments: | cryptocurrencies, futures for cryptocurrencies, ETFs |
| 💹 Margin Call / Stop Out: | No |
Bitrue Pros and Cons
👍 Advantages of trading with Bitrue:
•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.
👎 Disadvantages of Bitrue:
•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•fiat cannot be withdrawn.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Bitrue Trading Signals
The size of the trading commission on Bitrue does not depend on the type of order (taker, maker) and turnover. The lowest fees are paid by traders who trade pairs with BTC, ETH, and USDT which is 0.098%. The exceptions are the XRP/BTC, XRP/ETH, and XPR/USDT pairs, for which the commission is 0.2%. The exchange fee for transactions with all other pairs is 0.280%. The commission is reduced by 20% if the trader pays it in BTR. Commissions for deposits and withdrawals of cryptocurrencies are dynamically adjusted under the conditions of the blockchain network. If a trader buys crypto with fiat through a Legend Trading partner using a bank transfer, then the commission is 0.08%. It is free if the ACH channel is used. The fee for buying crypto with fiat currencies for cards is 5% per transaction or $10 (whichever is greater).
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | $2 - with a trading volume of $1,000 | Only network fees of the blockchain system |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Bitrue does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
Can I lose money by trading signals?
Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.
Can trading signals depend on the account type?
Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.