How to buy on bitrue: Bitrue Review 2023 Pricing, Features, Pros and Cons
We believe that account holders can buy the smallest fractional unit of crypto. The maximum amount users can trade is at the discretion of the exchange. Bitrue doesn’t specify any minimum or maximum deposit limits for purchase via credit cards. However, there is a 3.5% or $10 charge, whichever is higher for credit card transactions. Deposits take an average of minutes before being credited to the fiat wallet.
A lengthy list of currencies to earn from yield farming, investing, and lockups. We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation. Users can deposit their money in exchange for crypto or fund their purchases using a variety of crypto. Before verifications, users can deposit, trade, invest, buy, and withdraw up to 2 BTC daily. Bitrue can be accessed globally in countries including Singapore, the USA, the UK and Canada.
This will make your account much more secure against hackers. I would recommend enabling the other security measures as well. One way to make the USD Coin stand out is to give its users the guarantee of withdrawing one USDC and receiving $1 in return without any problem.
The leveraged EFTs and perpetual futures leverage are comparable to those of Binance. Users can increase their risk exposure on various cryptos and trading pairs. As of December 2021, Bitrue leads other centralized exchanges in the number of Leverage tokens with the support of over 100 coins. Traders can amplify their profits/losses with leverage for long and short positions on individual cryptocurrencies.
This is an easy step-by-step guide for a complete beginner to buy crypto with a credit card on Bitrue and to send it to an external wallet if you wish. In March 2020, the exchange finally ranked 64th in CoinMarketCap listing, and crypto traders exchanges recorded $218 million in twenty-four-hour daily trading. The sale ranked 70th on CoinMarketCap and exchange which was slightly above $1.2billion. While Bitrue employs strong security practices today, it’s been hacked in the past.
Leverage functions by using a deposit called margin to give you increased exposure to major cryptocurrencies. In 2018, Bitrue was created by a team of intelligent crypto experts led by a high-profile individual in the cryptocurrency space, Cruis Wang. Bitrue headquarters are in Singapore and Taiwan, with its local offices in the United States and England. This exchange also requires identity verification steps to use all account features.
Furthermore, investors must also understand that losses are magnified relative to their margin. Professional traders might feel left out because these tools are basic to intermediate. The platform recommends using the Legend Trading platform, integrated with Bitrue. Account-holders with verified accounts can withdraw up to 100BTC per day. Cross mode will use all the funds in your futures account while you have a chance to specify the amount for isolated mode. There are several DEXs to choose from; you just have to make sure the wallet you selected in Step 2 is supported by the exchange.
You start by registering a new account with an email address and password. As with all online accounts, it’s best to use a unique password that you don’t use anywhere else. Futures trading offers advanced users high-risk, high-return opportunities. Since launching in 2012, Bankless Times is dedicated to bringing you the latest news and informational content within the alternative finance industry. Our news coverage spans the whole crypto-sphere so you’ll always stay up to date — be it on cryptocurrencies, NFTs, ICOs, Fintech, or Blockchain. The exchange now says it has bolstered its security preparedness.
Security and Regulation
For example, if you place a buy or sell order on a spot exchange, you are seeking to trade your crypto for fiat or another cryptocurrency straight away. Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions. We are committed to providing our readers with unbiased reviews of the top cryptocurrency exchanges for investors of all levels. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of theSecurities Investor Protection Corp. . Users can trade long and short cryptocurrencies without the need for a digital wallet.
Futures and the use of leverage are inherently riskier than the regular buying and selling of cryptocurrencies. They increase your risk and may put you in financial danger. Another trading instrument on Bitrue is perpetual futures. There are over 50 pairs that you can trade with this contract.
With a twenty-four-hour trading volume of $48,881,963,265, the bitcoin price today is $57,568.69. Khashayar discovered Bitcoin back in 2014 and has since spent countless hours researching the different use cases of cryptocurrencies. He has a bachelor’s degree in International Relations and has been a writer in the financial services industry for nearly half a decade. In his spare time, Khashayar enjoys photography, cycling, and ice skating. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Bitrue Fiat Deposit
Positive reviews mention Bitrue’s reliability and ease of use. However, one major past security breach tarnishes this exchange’s reputation. In 2019, cybercriminals took over $4 million in cryptocurrency funds from Bitrue, Ripple, and Cardano wallets.
Like most crypto exchanges, Bitrue should be considered a self-service platform, as customer support options are fairly limited. The futures trading platform looks very similar but works with an entirely different product. Due to leverage and the risk of losses, futures trading is not suitable for beginner investors. Newer users can buy and sell easily with the simple cryptocurrency purchase form. However, the site is built around products that are best for those with experience in crypto or other active trading markets.
The platform offers low fees, which means that traders can keep more of their investments and profits. There is also an impressive selection of trading options and order types. The platform boasts multi-layered systems to protect data and assets.
Assets are also secured using a multi signature cold and hot wallet with isolation technology to guarantee asset safety. 99% of crypto assets are stored offline in the cold wallet to prevent easy access by hackers. The platform now uses McAfee security solutions to secure personal data and crypto-assets. Verified users also have to use the 2FA feature to secure their accounts. The exchange doesn’t specify any sort of limits for spot trading.
How to Buy and Sell Cryptocurrency on Bitrue – For exchanges
Bitrue is a cryptocurrency trading and investment company with a range of financial products for crypto enthusiasts. Bitrue offers cryptocurrency services, including an active trading platform, futures trading platform, loans, and high-interest yield farming and staking. With a Bitrue account, you can trade over 200 different cryptocurrencies at market prices with reasonable exchange fees. With a suite of active and advanced cryptocurrency trading features, Bitrue could be a good choice for many crypto users worldwide. Low fees and a long list of supported currencies are a major draw, as are staking and yield farming features where you could earn as much as 100% APY.
Step 1: Secure and verify your account
However, it does not operate in OFAC countries or countries like China, where crypto exchanges are banned. The exchange does not state whether they charge for crypto deposits. Crypto deposits are typically instant but may depend on a specific cryptocurrency. Users can deposit various fiat currencies, including USD, EUR, GBP, and AUD. ACH and wire transfers may take more than one business day. International wire transfer will take between 2 to 4 business days.
How easy is it to use Bitrue?
Due to its lower volume, Bitrue is not among the top 50 exchanges by liquidity. Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more. We also considered if the exchange is regulated by a proper agency or entirely decentralized. Our full cryptocurrency exchange methodology, including the review process and weighted data points, is available for review. Our Bitrue exchange review detailed the various features that allows you to buy, sell, invest and borrow. Purchasing crypto on the platform doesn’t require KYC verification.
Once your wallet is setup, you can login to your binance account and proceed to the Buy & Sell crypto webpage to buy the Ethereum. If you are not an existing user, you can refer to our How to Buy Ethereum guide on registering and buying your first cryptocurrency on Binance. Professional development team with superior expertise and senior financial experience working in renowned financial service and internet companies. Global Customer Support team able to provide round-the-clock services.
