Bitrue demonstrates good liquidity and functionality, but users face issues with delays and lack of localization.
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I have been trading for several months and have identified a few drawbacks: - There is no Russian language option. This is not critical, but I would like to see more loyalty towards traders from the CIS, especially since the site supports a total of 12 languages. This is not some small Chinese exchange with just English and Chinese. - Fees. There are two issues here – their structure and size. Firstly, fees are individual for different pairs, which is not very convenient as I have to constantly check the table. Secondly, for some pairs, fees reach 0.2% or even 0.28% per order. With an average rate of 0.2%, this is not very loyal. Technically, fees can be reduced using the exchange token, but the discount is insignificant. - Security. Everything is fine at the moment, but in 2019 the exchange was hacked, and $4 million of user assets were stolen. I haven't found any more drawbacks. If we disregard the need to trade in English and the constant checking of fees, overall it's not bad. The exchange is large, with good volumes and liquidity, supports numerous cryptocurrencies, and offers various markets and types of trades. It also has pairs with the exchange token BTR, which is an ERC-20 token. It can be used not only for partial payment of fees but also in capital management programs, for accessing certain types of deposits, and so on. The token has a limited supply, which makes it more valuable for investment. Besides trading, you can engage in full-fledged investing, there is farming, various deposit plans, and the option to take cryptocurrency loans secured by your coins.
Bitrue is an excellent alternative to other leading exchanges in terms of functionality and conditions. The daily trading volume is around 3 billion, which eliminates liquidity issues. Trading is possible with relative anonymity, as the registration process is standard and does not require verification. Users can fund their accounts with cryptocurrency, withdraw it, and open positions. Verification only increases limits (which are already quite good) and allows for purchasing crypto with fiat and obtaining crypto loans. Cryptocurrency can be purchased through intermediaries like Simplex, so in this aspect, the exchange doesn't offer anything special. Personally, I am not interested in loans or other tools like staking or farming, as well as futures. I am focused solely on spot trading, and Bitrue provides everything I need: a wide range of options, a convenient terminal with technical analysis capabilities, market, limit, and trigger orders, and much more. Overall, in my opinion, the conditions here are very good.
The exchange is simply awesome! Here you can trade cryptocurrencies, perpetual contracts, and leveraged ETFs/tokens. Both cross and isolated margin are supported, and leverage on some pairs reaches up to x125. On the spot market, there are three types of orders available: market, limit, and trigger. In futures, you can open positions both long and short. Everything works quickly, and the liquidity on the exchange is excellent for most popular assets. Traders are treated fairly; I've never had any issues with withdrawals, which are processed quickly. The fees are quite reasonable, including for withdrawals, not to mention the trading fees. Thanks to the internal token, you can save a bit on trading fees (although the discount is small).
Since the beginning of 2021, I have been collaborating with this exchange, and over more than a year of work, I haven't encountered any problems. The minor drawbacks pointed out by other traders, such as the lack of localization and fluctuating fees, are not critical for me. I consider the platform reliable, as Singapore is a good jurisdiction. Currently, the exchange definitely has no issues with security. I mainly work in the spot market and try to avoid trading with leverage; I have tried contract trading a few times, but that format doesn't suit me very well. I prefer to trade in a volatile market. I also transfer part of my income to staking, where decent interest rates are offered. Of course, in the context of the cryptocurrency market's decline, I had to rethink many strategies and give up investing, but this hasn't affected the quality of regular trading. Overall, the exchange is quite decent; it is not a scam. It is more suitable for experienced traders, but if beginners have no issues with English, they can also give it a try. Withdrawals are processed quickly, and I recommend going through verification just in case, although it is not necessary for trading. I've heard that some unverified users experience delays.
I worked at Bitrue for several months. The exchange is quite decent, showing good liquidity in the main areas. There are many trading pairs available on the spot market and a wide range of features, which will be especially appreciated by those involved in futures and investments. They plan to add copy trading in the future, which will attract many interested users. However, there is currently a lack of localization. The exchange's website is available in several languages, including Polish and Spanish, but not in Russian. I hope they will fix this. I believe the exchange has a bright future. If they improve certain aspects, they could become one of the leaders.
According to the calculations on the listing, there was supposed to be a 1:3 increase. However, the exchange started trading 3 minutes later than Bybit. The market order took a full 15 minutes to execute. As a result, the scalping attempt failed. Withdrawing funds from Bybit took another 15 minutes, and during that time, the price went to 10:35. Overall, due to the delays on Bitrue, the scalping did not happen, and I couldn't make a profit. It's worth noting that the order was not executed at all. *** , in general.
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Bitrue is an online service providing a platform for cryptocurrency trading. The company offers users tools for exchanging, storing, and managing digital assets, as well as lending services and earning on cryptocurrencies.
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