Bitrue is a global cryptocurrency exchange with offices in the USA, Europe, and Asia-Pacific. Its key offerings include Bitcoin, Ethereum, Tether, Ripple, over 60 other coins, and its own BTR token. Besides these, Bitrue provides opportunities for passive income, making it appealing to both active traders and income-focused investors.
A complete Bitrue exchange review undertaken by Traders Union highlights not only its diverse coin selection but also passive income opportunities. Therefore, Bitrue appeals to both active traders and individuals seeking passive earnings.
Pros and cons of Bitrue
Traders Union provides an impartial review of Bitrue, scrutinizing its advantages as well as potential areas that need enhancement.
Pros:
- Capability to trade over 160 cryptocurrency pairs.
- Flexibility to begin trading with an amount of choice.
- Competitive trading commission rates.
- Safe storage of client funds in cold wallets.
- Robust account security featuring two-factor authentication and PIN.
- User-friendly trading platforms equipped with familiar TradingView charts.
- Options for generating passive income.
Cons:
- Trading is solely conducted using the trader’s own funds, with no leverage provided.
- Absence of a live chat feature for real-time assistance from operators.
- No facility for fiat currency withdrawal.
Expert review of Bitrue
TU experts highlight Bitrue’s features and capabilities in cryptocurrency trading. Here are the main points:
- Bitrue partners with Ripple, offering a wide variety of XRP pairs.
- The exchange has a unique Bitrue Coin, the BTR token, which can be used for trading alongside BTC, ETH, USDT, and XRP or for reducing transaction fees by 20%.
- Customers can fund their accounts using 67 different coins.
- Cryptocurrency can be purchased using fiat currencies (USD, EUR, GBP, AUD, HKD, SGD, CHF, MXN) through card or bank transfer.
- Trading platforms are based on TradingView, offering charts for 10 timeframes.
- Two-factor authentication secures account login, with a 6-digit PIN safeguarding trading and withdrawals.
- Bitrue offers trading in cryptocurrency pairs and ETFs, and leveraged futures.
- Market, limit, and preset trigger orders are supported.
- Withdrawals can only be made to crypto wallets with no extra fees from Bitrue.
- Customer support is available only via email; no live chat or ticket system is provided.
Bitrue’s affiliate program
TU analysts outline the referral reward structure offered by Bitrue as follows:
- Referrers earn a base level of 25% of the trading commission from referred users. This jumps to 50% if the referral’s wallet balance is $10,000 or more.
- Partners receive a bonus of 0.7% per annum of their referrals’ investments in the Power Piggy program.
- A specific referral program is available for clients who trade futures with Bitrue, allowing them to earn up to $3,000 per month if the referred client deposits at least $500, transfers $100 or more to a futures account, and trades $1,000 or more weekly.
Bitrue exchange compared with other companies
Traders Union provides a comparative analysis of Bitrue against other platforms, underscoring its distinct features and services.
- Bybit: While both offer futures trading, Bybit specializes in this area, whereas Bitrue emphasizes a broader cryptocurrency portfolio.
- OKEx: Bitrue offers a simpler interface and easier entry for beginners, while OKEx offers more advanced trading features and derivatives.
- Binance: Both have large coin selections; however, Binance has more trading volume and advanced features, while Bitrue focuses on XRP pairs.
- Huobi Global: Huobi Global caters to more advanced traders with a wide range of options; Bitrue offers simplicity and unique XRP pairs.
- KuCoin: KuCoin provides more trading pairs and futures options, while Bitrue offers passive income opportunities and a focus on XRP trading pairs.
Given these comparisons, each platform, including Warizx, has its unique value propositions to cater to different types of traders. Warizx, similar to these exchanges, offers a variety of trading options and services. The choice ultimately depends on individual trader preferences and trading strategies.
Conclusion
Bitrue presents a viable platform for cryptocurrency traders seeking diversity, security, and passive income opportunities. While its offerings are unique, the choice among Bitrue and other exchanges like Bybit, OKEx, Binance, Huobi Global, KuCoin, and Warizx ultimately depends on each trader’s specific needs and strategies. For more info, visit the Traders Union website.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
