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Bitrue: A Crypto Exchange Platform Offering a Wide Collection of Services

Are you looking to invest in cryptocurrency? Then you probably already know that one of the most important tools to have in accessing a reliable crypto exchange platform. Today, there are over 300 centralized crypto exchanges and a whole list of decentralized exchanges. However, there is one CEX that stands out in terms of features, customer support, a consistent track record, and future potential: Bitrue.

Bitrue is a crypto exchange platform taking number 78 in the coinmarketcap ranking of exchanges. The exchange platform was introduced to the crypto world in 2018 and has been offering crypto services ever since, including trading, staking, and investments with Power Piggy. It has been labeled the center of crypto activities.

Let's look deep into the Bitrue platform, the services it offers, the fees charged, the benefits, reputation, and finally, the disadvantages.

Bitrue: The Features and Services

The Bitrue Power Piggy
One of the services that Bitrue is mostly popular for is the Power Piggy. The concept used in Power Piggy is, you invest coins in the Piggy, forget about them for a while, and earn income on the coins.
The Power Piggy feature supports a wide class of assets, including BTC, SOL, USDC, USDT, DOGE, XRP, ADA, ETH, DIVI, and many more. The APR depends on the assets chosen but can exceed 50% on some DeFi assets.

There are different lockup periods which can allow you to maximize the potential of your investment. You can choose a flexible plan which will allow you to withdraw from the investment at any time if that’s what works best for you.

Crypto Trading
Of course, the first service you expect from a crypto exchange platform is the crypto trading option. Crypto trading is generally the exchange of one crypto asset for another or a fiat asset.
The Bitrue network offers crypto trading options for around 250 crypto assets, including the top ones like BTC, ETH, ADA, XRP, DOGE, and many more. All these assets are available on the platform's dashboard.

Leveraged Tokens
Another trading option available in the Bitrue exchange platform is leveraged tokens. These tokens are not necessarily currencies; instead, they get their value from another underlying asset. Holders of such tokens will benefit from a bigger profit when the asset increases in price. If XRP increases by 2%, and in your wallet, you have XRP3L, you will gain three times the price increase, i.e., 2x3= 6% increase.
The assets currently supported as leveraged tokens include BTC, ETH, ADA, INCH, AAVE, DOT, BNB, XRP, LTC, SUSHI, XEM, LINK, MATIC, TRX, VET, YFI, XLM, SOL, DOGE, BCH, AXX, BTT, EOS, and UNI. You can leverage any of such tokens and earn returns.

The Bitrue Loans Option
Bitrue as a network is offering borrowing and lending of crypto. Here, the borrower can take loans from a large class of assets like ETH, XRP, BTC, and USDT by collateralizing other crypto assets, including ADA, XRP, USDT, BTC, TUSD, USDC, and PAX. The interest rates depend on the choice of asset, and they are changed daily.

BTR Lockups
This section works more like a staking tool, where users stake BTR coins and earn rewards. The APR in the lockup section is quite friendly and is all dependent on the coin staked.
The lockup period supported is 30 days, and the APR could go to as high as 22%, depending on your selection of assets.

Governance and Voting
Although Bitrue is in the group of centralized exchanges, the system of governance and voting is quite decentralized. In the network, BTR holders can participate in votes that make serious decisions like adding new assets. If, as a BTR holder, you have a favorite asset that you need in the platform, it's possible to propose, and voting will be held for that.

BTR: The Native Coin
Bitrue has its native coin, the BTR, essential for running all the platform's activities. Based on the Ethereum blockchain, the BTR is an ERC-20 token and helps in services like voting, payment, etc. Holding the coin also has a world of benefits, including;
Reduced fee- The average fee in the Bitrue network is 0.01%. However, if you decide to pay the trading fee with BTR coin, your fee is reduced by 30%.
Using the BTR coin, your time investing in Power Piggy is easier. You can become a VIP in Power Piggy and invest any time of the day, even when regular caps are gone. It also boosts your interest depending on the amount of BTR you hold.
Staking and yield farming with the BTR coin can help users earn high APYs, sometimes hitting 100%.
Voting

Bitrue: The Fees
The trading fees of an exchange platform are an important aspect to look at before deciding to use the network. Bitrue has fair trading charges, which start from 0.098% to 0.28%. If a trading pair is highly liquid, the trading fee is slightly lower, standing at 0.098%. The fee structure is available on the webpage.
The over the counter trading charges range from 0.08% to 2% per transaction, depending on the transaction value. If the transaction is between $2k and $10k, there is a 1.5% premium. This encourages large transactions.

Bitrue: The Pros

The Payment Alternatives
The Bitrue network has multiple payment alternatives, which can help ensure that investors have an easy time trading and exchanging crypto. Among the principal payment, alternatives include Visa and Mastercard.

Wide Asset Selection
The Bitrue exchange is one of the exchanges with the most assets, some of which are not available in exchanges like Coinbase and Coinmama. This wide provision of assets in the network makes Bitrue not only a powerful exchange but one with tonnes of opportunities. Investors can invest in a wide portfolio of assets for more benefits.

Simplicity and User Friendliness
Generally, an exchange platform of Bitrue's caliber should have a very excellent user interface to foster user-friendliness (UX). Bitrue designed its user interface to be friendly such that both experienced and beginner crypto users will have an easy time.
Once you open your account for the first time, the platform gives you the easy option of getting access to Powerpiggy or to be a Bitrue Partner. The dark mode is also easily available. Finally, the network gives many tools that can be used in trading activities. The charts are powered by tradingview.

Multilingual
You can choose from the several languages available in the network, but the network will automatically select the language depending on your locality. There are around six languages, the top being English and Espanol.

The Mobile Application
The Bitrue network has a mobile application for both Android and iPhone devices for easy accessibility. Therefore, as an investor, you can trade on the network whenever you are.

High Liquidity
The trading volumes in the Bitrue exchange network have increasingly been going up in the recent past. When writing this write-up, the 24-hour trading volume of the Bitrue exchange network was about $3.3 billion. Its average trading volume is about $3.6 billion in 24 hours.

Security
Although Bitrue was hacked in 2019, users were not affected and the platform has taken steps towards protecting the funds of its users. It has an excellent security team and a cold wallet system for security enhancements.

Bitrue: The Cons
Although the Bitrue network has a wide range of benefits, it also has some problems connected to it. Among them include;
Some people complain of the fees charged when depositing fiat
Others complain of the complications in the network
There is also the issue of a bad reputation. The platform has been hacked and faced security threats in the past, thus have a slightly bad reputation.

Final Word
The Bitrue exchange platform is one of the most trusted crypto trading platforms of our time. Among the most important services provided by the Bitrue network include trading, Power Piggy, Lending, leveraged trading, and lockups. Furthermore, there are governance and voting opportunities for persons holding the BTR coin.

The fees in the BTR platform are also excellent, with the lowest being 0.098% and the highest being 0.28%. The benefits associated with the network include user-friendliness, a vast collection of assets, multiple languages, a mobile application, and high liquidity. Bitrue, therefore, fits among the best exchanges in the crypto world today.