Bitrue

4
Rating 4 · 6 reviews
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Андрей Ластовка

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.

Pros
  • Хорошие объемы и ликвидность
  • Поддержка множества криптовалют
  • Разные рынки и типы сделок
  • Возможность инвестирования и фарминга
  • Использование биржевого токена BTR
Cons
  • Нет русского языка
  • Высокие комиссии
  • Неудобная структура комиссий
  • История взлома биржи
  • Необходимость торговли на английском
4
Date of experience: май 12, 2024