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
- 5 USDT
- Web platform
- Mobile Apps
- Copy trading
- Active and automated trading.
Our Evaluation of TruBit
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
TruBit is a high-risk cryptocurrency exchange with the TU Overall Score of 1.88 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by TruBit clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
TruBit Pro offers a wide range of services for traders and investors, with a particular focus on the Latin American market. It provides competitive fees and a diverse product range, catering to both active traders and passive investors.
Brief Look at TruBit
TruBit Pro is a global cryptocurrency exchange launched in 2019 as Mexo. In October 2022, it was rebranded to TruBit Pro. The platform offers a wide range of options for active trading and investing, including spot trading, perpetual futures with leverage, Earn+ programs, copy trading, etc. TruBit Pro supports popular cryptocurrencies, along with ARS (Argentine peso) and BRL (Brazilian real). The exchange implements advanced security measures, including two-factor authentication (2FA) and cold wallet storage for user funds.
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- Wide choice of trading and investment instruments;
- User-friendly mobile apps for trading and asset management;
- Low trading fees and loyal initial deposit requirements;
- Copy trading service is available.
- Limited support for fiat currencies;
- Free wallet version offers limited features.
TU Expert Advice
Author, Financial Expert at Traders Union
TruBit Pro provides a comprehensive suite of services for traders, focusing on the Latin American market. It offers a variety of account types including Live and Paper, with access to trading instruments such as spot trading, perpetual futures, and copy trading. The platform supports mobile and web interfaces and facilitates transactions primarily through cryptocurrencies, with ARS and BRL as supported fiat currencies. Low trading fees, user-friendly mobile apps, and minimal deposit requirements are notable advantages, enhancing accessibility for both active and passive traders.
Despite these benefits, TruBit faces several drawbacks. The platform's support for fiat currencies is limited, and its free wallet version offers constrained features. Spot trading fees may be above average for some pairs, and there is a notable barrier with the $10,000 minimum for OTC trading. Given these factors, TruBit may suit traders prioritizing cryptocurrency options and those in the Latin American region but may not fully meet the needs of traders seeking extensive fiat currency support or advanced trading features.
TruBit Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Web platform and mobile apps |
|---|---|
| 📊 Accounts: | Live (Spot, Contract, Funding, Copy Trading, Pro Earn+, Grid, and Sub), and Paper (demo) |
| 💰 Account currency: | USDT, BTC, and other cryptocurrencies |
| 💵 Deposit / Withdrawal: | Cryptocurrencies, P2P, Mercuryo, and bank transfers in ARS and BRL |
| 🚀 Minimum deposit: | 5 USDT |
| ⚖️ Leverage: | Up to 1:200 for perpetual contracts |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Commission: |
Spot: 0,2%-0,2% Futures: 0,02%-0,06% |
| 🔧 Instruments: | 69 supported coins, Futures, Perpetual contracts, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Spot: Limit, market, and stop limit; Perpetual contracts: Limit, market, stop limit, stop market, and post only |
| ⭐ Trading features: | Copy trading; Active and automated trading. |
| 🎁 Contests and bonuses: | Yes |
TruBit Pro offers perpetual contracts of various types, including Inverse, General, and Hybrid, with leverage up to 1:200, along with spot trading on exchange and OTC markets. OTC services are available to residents of Latin America with a minimum trading volume of $10,000 or its equivalent in other currencies.
TruBit Key Parameters Evaluation
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Regulation and safety
With a 7/10 score, TruBit demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- Government-regulated
- Cold wallet storage
- 2FA
- Facial recognition
- No successful hacks history
- Not tier-1 regulated
- No investor protection fund
- Not U.S regulated
TruBit Security Factors
We also compared TruBit against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| TruBit | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | Yes | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is TruBit a regulated crypto exchange?
TruBit is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
TruBit is authorized or licensed in accordance with local regulations in the following regions: VASP in Mexico, PSP in Argentina.
Is verification (KYC) mandatory at TruBit?
Yes, KYC verification is mandatory at TruBit. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is TruBit available?
TruBit complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Iran, Islamic republic, Iraq, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia. For the most up-to-date information on regional availability, please contact TruBit support.
Is TruBit available in the USA?
Yes, TruBit is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
TruBit commissions and fees
TruBit received a 5.75/10 score for its trading fees. While TruBit is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Futures fees below industry average
- No deposit fee
- Spot fee above industry average
- Withdrawal fee may be applied
What are TruBit trading fees?
We analyzed TruBit’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
TruBit trading fees vs competitors
| TruBit Pro | Binance | Bybit | Industry average | |
| Spot, maker fee (%) | 0,2 | 0,1 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0,2 | 0,1 | 0,1 | 0.194 |
| Futures, maker fee(%) | 0,02 | 0,02 | 0,02 | 0.024 |
| Futures, taker fee(%) | 0,06 | 0,05 | 0,055 | 0.053 |
What are TruBit deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,00079 BTC 0,0012 ETH |
Does TruBit offer P2P trading?
No, TruBit does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
TruBit received a 4/10 rating for its deposit and withdrawal services. TruBit offers limited funding options and may charge fees, which could be inconvenient for many users.
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- No PayPal option
- Withdrawal fee applies
Deposit and withdrawal options
TruBit supports the following deposit and withdrawal options: Bank transfers, Crypto.
TruBit Deposit and withdrawal options vs competitors
| TruBit | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is TruBit minimum deposit?
The minimum deposit at TruBit is 5 USD/USDT or 0,00029 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
TruBit minimum deposit vs competitors
| TruBit | OKX | Kraken | |
| Minimum deposit, USD or USDT | 5 | 10 | 10 |
| Minimum deposit, BTC | 0,00029 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does TruBit support fiat money?
TruBit supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
TruBit received a score of 6.5/10 in this category, reflecting a solid selection of tradable assets and markets. TruBit supports 69 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- Fiat currencies supported
- Crypto copy trading available
- Crypto futures available
- Crypto options not available
- Yield farming not available
TruBit supported coins and markets vs competitors
We compared TruBit with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| TruBit Pro | OKX | Kraken | |
| Supported coins | 69 | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
TruBit passive income options vs competitors
We also compared TruBit with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
| TruBit Pro | OKX | Kraken | |
| Staking | Yes | Yes | Yes |
| Yield farming | No | Yes | Yes |
| Copy trading | Yes | Yes | Yes |
Trading apps & tools
TruBit received a score of 7.1/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Mobile indicators allowed
- Fast and secure login with Face ID
- Strategy sharing with Copy Trading
- Advanced tools and automation with API
- No access to TradingView features
- Advanced orders not available
- Android App score below 4 points
Trading apps
TruBit provides web and mobile apps for both Android and iOS users, with an average rating of 4,9 on the App Store and 3,2 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the TruBit platform is for mobile use.
| TruBit Pro | Bybit | |
| 2FA | Yes | Yes |
| Face ID | Yes | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | Yes | Yes |
| Advanced Orders | No | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does TruBit offer a desktop app?
No, TruBit does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does TruBit offer advanced charting with TradingView integration?
No, TruBit does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Official site | https://www.trubit.com/new/ |
|---|
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