Bitrue is a trading platform that was launched in the year 2018, in Singapore. It was founded by a team of experts with solid knowledge on traditional finance and advanced internet.
Bitrue was specific with its mission from the onset. It embraced the use XRP to speed up trading at a lower cost. This helps exchange happen faster more than other Bitrue competitors.
The platform later moved its headquarter to Costa Rica due to its continuous rapid expansion. As the platform continues to expand to many regions, local centers where set up in Taiwan and Europe. This helps to create an easy avenue for anyone to gain entry into the crypto world.
Bitrue also uses “Hybrid Finance” (HyFi). It helps to close the gap between traditional bank and crypto.
Bitrue offers a huge variety of digital assets and financial services. This shows that Bitrue is beyond just buying and selling of cryptocurrency.
Bitrue didn’t just stop there. In 2019, it launched a Power Piggy, which is there signature product.
Power Piggy allows users to earn daily interest on their fixed coin in Bitrue account. This is known as passive income.
Shortly after, they introduced Bitrue Coin (BTR), a native token. BTR was created to support traders.
- It offers lower trading cost.
- Higher interest rates on fixed savings.
- Gives users the opportunity to decide which new project should be on the exchange list.
In 2019, Bitrue faced a serious security challenge. The Bitrue’s wallet was hacked and users lost their funds.
However, with the platforms insurance policy, all affected users were fully reimbursed. Today, Bitrue supports over 700 varieties of cryptocurrency.
Having talked about Bitrue’s history, let’s move over to Bitrue in full details. This also includes all Bitrue restricted countries.
What is Bitrue?
Bitrue is a digital marketplace for trading digital coins. It uses XRP to speed up users trading activity at a better lower cost.
What Exactly Does Bitrue Do?
- Buying and selling of digital coin through the use of bank transfer or credit card.
- Earning daily high interest through the power piggy savings account.
- It’s a home for many digital coins. Users can find newer, popular and less-common coins.
- It allows borrowing of cash, but you have to pledge your digital assets as a collateral.
- Copy trading can be used by new beginners to copy the moves of professional traders.
Bitrue’s simple app and website was designed majorly to accommodate beginners. However, it also has “Advanced” sections with complex charts for expert traders. Below are the Bitrue banned countries:
List of Bitrueis Restricted Countries:
- China
- Singapore
- South Korea
- IranHong Kong
- Japan
- North Korea
- Canada
- Netherlands
- United States
- Syria
- Cuba
- South Sudan
- Russia
- Ukraine
- North Sudan
- Tunisia
- Morocco
- Somalia
- Lybia
- Egypt
- Algeria
List of Bitrueis Restricted States in the USA
Bitrue is not available to all residents in the United States. The platform is broadly suspended throughout the state.
Bitrue Alternatives:
- Bitget
- Binance
- Coinbase
- Bybit
- KuCoin
- Kraken
- Nexo
How Bitrue Works
Bitrue creates an avenue that connects buyers and sellers of cryptocurrencies. It also offers various means traders can earn extra money aside their trading activities. It has a simple sign up process that lets users manage their assets.
Moreover, traders in Bitrue Restricted Countries can’t use this platform because its not supported in their region.
Setting Up Your Account
- Go to the website and sign up.
- Register with an active email address.
- Create a strong password. This will help to secure your account.
- Verify your identity with a picture ID and a selfie. This enables you to unlock more trading features. Without identity verification, you can’t withdrawal your funds.
Funding Your Wallet
After account verification, fund your Bitrue account.You can add funds through:
- Crypto deposit from an existing wallet to your Bitrue wallet address. However, be sure you’re sending the coins to the right wallet address to avoid losing your coins.
- Fiat Deposit through third-party partners like Simplex or Legend Trading. It allows users to buy crypto using bank transfer or cards.
Trading and Earning
This aspect shows the core function of the platform. Bitrue offers:
- Spot Trading: This is the simplest trading method. Pick a pair of coin and place a market order. Traders can either buy or sell at the current market price. They can also choose to set a price and wait for a buyer or seller.
- Power Piggy: Bitrue’s Power Piggy allows traders to save and earn daily interest. They can take out their money at anytime.
- Futures Trading: It lets users borrow funds to amplify their trade.
- Copy Trading: This allows new traders to learn from successful traders by coping their trading pattern.
Taking Your Money Out
- Withdrawal of crypto can be done directly to your personal wallet.
- While withdrawal of cash goes to your bank account.
It’s important to know that cash has to be done in an exchange platform that lets you withdrawal crypto inform of cash. Bitrue focuses only on crypto-to-crypto transfers.
Conclusion
Bitrue is a trading platform for digital currency. Bitrue uses XRP to speed up trading activities at low costs. The platform was made to accommodate both beginners and expert traders.
Bitrue has over 700 crypto coins. It offers daily interest through savings on Power Piggy program.
Bitrue faced some security challenges in the past and was able to resolve it.
Bitrue resticted countries includes: United States, Egypt, Singapore and more. Visit the site to see if your location is among the restricted region.
Furthermore, Bitrue use strong security settings to verify users real identity.
If you’re looking for a crypto platform to grow your trading activity, choose Bitrue.