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Is Bitrue Exchange a good crypto trading platform?

Nowadays, cryptocurrency is no longer new since more and more people are beginning to embrace it as a means of payment and as a lucrative investment. Because of that, many people have become interested in crypto trading which led to the rise of various exchanges specializing in trading specific coins and one of them is Bitrue. 

Founded in 2018, Bitrue is a digital asset management and exchange platform that focuses on the market of Ripple. Due to this, it is recommended by Ripple Labs and is considered one of the best exchanges for XRP holders. Aside from the option to buy and sell digital assets, this Singapore-based platform also supports loans, investments and more.

An overview of the Bitrue Exchange platform

Take a look at the Bitrue Exchange platform’s components and what it can offer its users below:

Bitrue trading view

The trading view includes trading basics such as order types, charts, limits, orders and history. The simple and interactive user interface makes it easy for traders to navigate through the screen. It also has a Day and Night mode that allows users to change the UI’s background colour.

Security features

Security protocols added within the Bitrue Exchange protect both the platform and the assets deposited in the platform. Bitrue also holds 99% of its digital assets in cold storage wallets with a 2-factor authentication procedure. KYC protocol is not required when trading on the platform, but it can still be conducted if your account raises suspicions. 


Bitrue offers a mobile app that is available for both iOS and Android devices which is highly beneficial for those who want to trade on the go or check their trades whenever, wherever they want.

Withdrawal and deposit fees

If the deposits are done using cryptos, there are no fees imposed. However, withdrawal fees apply and depend on the coin and the blockchain traffic during the time of withdrawal.

Deposit methods

Users can use wire transfers and credit cards when making their deposits. Should you wish to make a deposit using a credit card, use the Simplex payment gateway which charges 3.5% per transaction.

The exchange also accepts fiat deposits, making it suitable for new crypto traders. You can deposit using USD, EUR, GBP, HKD, MXN, SGD, AUD and CHF.

Supported languages

Bitrue strives to have a convenient platform by extending its services to other parts of the world such as Taiwan, the United States, Canada, Japan and Europe. Its website can support multiple languages such as Chinese, Korean, English, Spanish and Japanese.

Customer support

A 24/7 customer support service is provided to Bitrue users through email as well as social media outlets like Twitter and Telegram. It also has a FAQ support section though it isn’t as wide as what other exchange platforms offer.

History of network hacks 

Back in 2019, Bitrue was hacked which resulted in a loss worth $4.5 million of XRP and ADA stored in hot wallets. The exchange assured that the funds will be fully returned to their users. The good news is that the vast majority of users’ funds are stored in multi-signature cold wallets that were not affected by the hack.

Key features of Bitrue Exchange

Check out the key features of Bitrue Exchange that help the platform garner a huge user base below:

Bitrue native token (BTR)

The Bitrue coin (BTR) is used to support Bitrue services such as farming, trading fees, cash deposits, voting for listings, loan programs and others. It ranks #589 in CoinMarketCap with a market cap of $42.3 million and a circulating supply of 150.5 million BTR as of October 11, 2021.

Users can get up to a 30% discount on trading fees if they pay using BTR. The trading fee depends on the coin and can vary between 0.098 to 0.28%. With each purchase using BTR, users can also earn bonuses of up to 20% discount.

Bitrue Power Piggy

The Bitrue Power Piggy offers investment for its users where they can earn passive income by storing coins on the site which will accumulate interest over time. Here, users will choose over which tokens listed for Power Piggy will they invest in with up to a 12% annual percentage rate (APR) in return, enticing asset holders to HODL. Power Piggy supports BTC, ETH, XRP, ADA, DOGE, BTR and more.

Bitrue Loan

Bitrue is one of the first crypto exchanges along with BlockFi and NEXO to offer a loan program with an APR of up to 15%. Some of the supported coins are BTC, XRP, ETH, and USDT.

BTR Lockups

The BTR lockup feature gives users a higher interest rate than Power Piggy which can go up to 16%. Here, you can invest a certain amount and lock it up for 30 days. The more coins you stake and the longer you lock them up, the higher your APR will be. You can lock up XRP, ADA, BTC, USDT and many more assets with this feature.

BTR Voting

BTR Voting lets users decide the future of Bitrue by supporting new projects and voting on which coins should join Bitrue Exchange by paying BTR.

Top currencies available in Bitrue Exchange

Aside from its native token, major cryptos are also available at Bitrue Exchange. Check them out below:

  • Bitcoin (BTC)
  • Ripple (XRP)
  • Ethereum (ETH)
  • Cardano (ADA)
  • Bitcoin Cash (BCH)
  • Ethereum Classic (ETC)
  • Chainlink (LINK)
  • Dogecoin (DOGE)
  • Terra Lune (LUNA)
  • Litecoin (LTC)

Why choose Bitrue exchange?

Recommended by Ripple

As the sixth-largest cryptocurrency, Ripple (XRP) has a huge user base and to cater to them, Bitrue made sure to offer a huge collection of XRP trading pairs. Generally, there are over 50 trading pairs that can be easily matched with XRP, making Bitrue a recommended exchange by Ripple Labs, the company behind XRP.

Quick crypto trading process

Bitrue does not require an initial KYC process which means users can trade immediately without any ID verification requirements. You can also trade on the go with the help of its mobile application. In addition, credit card and wire transfer transactions make it easier for beginners to trade using the platform.

Worldwide offices for better local operations

For better local operations, Bitrue extended its services globally and began having offices in the USA, Canada, Japan and Taiwan.

Is Bitrue Exchange worth trading on?

One of the reasons why Bitrue Exchange is becoming bigger is its focus on XRP which has a larger user base. Also, it has a simple user interface that is easily accessible via their website and mobile app which makes it suitable for new traders to use. Although it has a history of hacking, no other similar incident has been recorded after it as of writing. This is an indication that Bitrue Exchange is worth a shot.

Expand your knowledge about crypto by checking out more info about various crypto exchanges here at Cryptoshimbun.

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