Review of Bitrue

Bitrue is a cryptocurrency exchange that was started by a group of blockchain enthusiasts. It’s built exclusively for active crypto traders around the world and has a wide range of coins and pairs available to swap.
By: Theodor Tonca
Theodor Tonca
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not… read more.
Updated: Jun 4, 2021
3.5/5 Star rating
17 min read
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Bitrue is an exchange for experienced traders that offers all the leading coins, with a particular focus on XRP (Ripple). Along with its trading division, it offers decentralised financial services like loans and interest secured against cryptocurrency as well.

Pros & Cons

Pros:

Accepts direct cryptocurrency deposits
Supports large trading volumes
Accepts U.S. customers except for residents of the states of Texas and New York

Cons:

What can I do with Bitrue?

Bitrue is a trading platform that lets you swap between over 90 coins and 200 pairs. All of the most popular coins are available and it offers variable trading fees that tend to be slightly lower than competing exchanges.

Bitrue was formed in 2018 and is exclusively focused on cryptocurrency. You can’t trade fiat currencies, futures, or other derivatives but it does accept customers from the United States.

Bitrue cryptocurrencies and trading options

What cryptocurrencies can you trade on Bitrue?

Bitrue supports a total of over 90 cryptocurrency tokens, including XRP, Litecoin, Cardano, and Stellar. It offers better rates on XRP to reflect its focus on that particular coin.

Major cryptos traded on Bitrue

  • Bitcoin
  • Litecoin
  • Ethereum
  • EOS
  • Tron
  • Bitcoin Cash
  • Neo
  • IOST
  • Zap
  • Monero
  • Zilliqa
  • Tezos
  • Status
  • Holo
  • Bitcoin
  • Ripple
  • Cardano
  • VeChain
  • Klever
  • Stellar
  • NEM
  • Gala
  • Bitrue Coin

Bitrue core currency pairs

  • HOT/BTC
  • GALA/BTC
  • SHA/BTC
  • ADA/USDT
  • XLM/USDT
  • XEM/ETH
  • ADA/BTC
  • XLM/ETH
  • ETH/BTC
  • XRP/BTC
  • LTC/XRP
  • EOS/XRP
  • IOTA/XRP
  • TRX/ETH
  • LINK/ETH
  • PAX/XRP
  • VET/XRP
  • BAT/BTC
  • WAN/BTC

All Bitrue trading options

Bitrue allows you to trade a wide variety of coins and pairs but no derivatives are available. You can choose from over 200 pairs and more than 90 different cryptos. 

ProductOffering
Cryptocurrencies94
Crypto pairs208
See all trading options >

Can I trade with leverage on Bitrue?

No, Bitrue doesn’t currently offer the option of leverage or margin trading. However, the exchange supports other features like spot trading, perpetual contracts, and credit card purchases.

What are the spreads?

Bitrue charges a variable trading fee that depends on the pair you want to trade. The fee varies between 0.098%-0.198%. BTC, ETH, and USDT trading pairs come with a fee of 0.098%, while XRP trading pairs have a fee of 0.16%. 

Trading pairTrading fee
ADA/BTC0.098%
BCH/USDT0.098%
BCH/XRP0.16%
BTC/USDT0.098%
ETH/BTC & ETH/USDT0.098%
XRP/USDT0.16%
TRX/BTC0.098%
See all spreads >

Fees, limits, and payment options on Bitrue

What are the deposit and withdrawal fees, limits, and speeds?

Bitrue offers two methods to deposit your money; credit/debit card and cryptocurrency, which means you cannot use wire transfer or other third-party paying options. The exchange doesn’t charge any deposit fees, but does charge a variable fee for withdrawals. 

There are no minimum or maximum deposit/withdrawal limits stated on its website. But we do know that Bitrue is XRP-focused and one of the top XRP exchanges, which means it attracts traders by offering free deposits and withdrawals for that coin.

Payment methodDepositWithdraw
Debit/Credit Card
– min/max
– fees
– speed
Yes
None
Free
24 hours
Yes
None
0.0005 BTC
1-2 business days
Bitcoin (BTC)
– min/max
– fees
– speed
Yes
None
Free
20-30 minutes
Yes
None
0.0005 BTC
24 hours
Ethereum (ETH)
– min/max
– fees
– speed
Yes
None
Free
20-30 minutes
Yes
None
0.01 ETH
24 hours
Ripple (XRP)
– min/max
– fees
– speed
Yes
None
Free
20-30 minutes
YesNoneFree24 hours
See all payment methods >

How much are Bitrue’s fees and commissions?

Bitrue charges a smaller, variable trading fee than other similar exchanges, but it varies depending on the coin being traded. Aside from some pairs, the general trading fees are outlined in the chart below.

Fee typeFee amountCommission
BTC, ETH & USD trading pairs0.098%
XRP trading pair0.16%
See all trading fees >

Bitrue trade sizes and limits

Bitrue doesn’t mention any minimum or maximum trading volumes for its cryptocurrencies, which lets us think that the minimum trade you can place is the smallest unit/fraction of the coin/token you would like to trade.

Bitrue trading platform

What devices can I use Bitrue on?

Bitrue is available both as a web trading platform online and a mobile app. You can download the mobile app for free either from the App Store (iOS phones & tablets) or Google Play (Android phones & tablets). 

  • PC
  • Tablet
  • iOS mobile devices
  • Android mobile devices

Can I use Bitrue in my country?

Bitrue is available almost anywhere in the world, including in the United States (with some state exceptions), Canada, Singapore, and Japan. It is not available in countries and regions where these exchanges are prohibited by law, such as in China. Select your country from the list below to see if it is available where you are.

Is Bitrue available in my language?

Bitrue is available in six languages, including English, Japanese, Korean and Spanish.

How easy is it to use Bitrue?

It’s an easy-to-use trading platform where you can quickly exchange, buy, or sell coins and pairs. The mobile app is equally intuitive and allows you to perform most of your trades securely with just a few taps of your screen. 

The platform lacks the advanced features and sophistication that professional and institutional traders may expect, but it is great for beginners and also those who specialise in trading Ripple (XRP).

Key features

Although only launched in 2018, Bitrue has already gained international recognition and enjoys the support of a growing community of over 400,000 users. Here are some of the exchange’s key features:

Low fee XRP trades And no withdrawal fees

Bitrue is one of Ripple’s recommended exchanges for all XRP trades. Bitrue added XRP as a base pair back in 2018 and has maintained a close relationship with the XRP community ever since.

Multi-signature cold wallet

Bitrue’s platform has been built with user safety as the number one priority. 99% of clients’ funds are kept in multi-signature cold wallets where they cannot be physically hacked or compromised.

Security and regulation

Is Bitrue safe?

Bitrue markets itself as being a safe, stable, high-performing exchange. It provides an advanced multi-level clustering structure, two-factor authentication, and a strong security system to protect the sensitive data of its clients. The exchange is considered safe and has been rated B by the Mozilla Observatory.

Am I and my cryptocurrency protected?

Bitrue keeps 99% of its customers’ assets in cold wallets, which makes it impossible for hackers to access the accounts and steal coins. However, Bitrue doesn’t offer any account compensation scheme or carry third-party insurance should clients’ accounts be hacked.

Is Bitrue regulated?

No, Bitrue is not regulated by any recognised financial authority in any country as yet. 

Do I have to verify my account with Bitrue?

Not necessarily. People who want to trade anonymously will be happy to know that Bitrue doesn’t run a KYC (Know Your Client) program, which means you don’t have to spend valuable time waiting for your account to be approved before you can start trading. 

Simply sign up using your email address and you will receive an e-mail verification code. Add a strong password, deposit funds, and you are ready to start trading.

Extra information

Educational resources 

Bitrue is more like an exchange and less like a traditional trading platform, so it doesn’t provide any educational resources. Its Help Center answers technical questions and is the extent of Bitrue’s resources section.

Tools and charting

Bitrue provides traders with basic limit, market, trigger ordering capabilities, multi-timeframe charts, and some technical indicators such as oscillators and moving averages. However, it doesn’t offer any advanced trading tools, charts or bots beyond this. The platform is mainly intended for beginner traders and has limited resources for large-volume traders.

Customer support

Bitrue doesn’t offer the option of live chat or a phone number to call, so the only way you can contact customer service is via email at [email protected]. You can also get in touch with the support team on any of its official social media channels, such as Telegram, Facebook or Twitter.

Our verdict

Despite being a relatively young exchange, having launched in 2018. Bitrue has earned the trust of over 400,000 users worldwide and it represents the perfect platform for XRP owners and traders, with its low, variable trading fees and no withdrawal fees for the crypto coin.

Overall the web-based and mobile app platform are quite easy to use and intuitive, while offering some of the lowest trading fees in the industry, starting at only 0.098%. Bitrue also keeps 99% of client funds segregated in cold storage wallets that themselves cannot be hacked, even though the platform itself suffered an attack earlier in 2019.

If you are just starting out on your crypto trading journey and need a simple, reliable, and relatively safe exchange, Bitrue should receive your consideration.

How to buy and sell cryptocurrency on Bitrue

How to buy crypto on Bitrue

  1. Sign in to your Bitrue account
  2. Go to the Buy/Sell bar at the top of your homescreen
  3. Click on Legend Trading
  4. Select the coin and amount you want to buy
  5. Click on “Buy”
  6. Confirm your buy order

How to sell crypto on Bitrue

  1. Sign In to your account
  2. Go to the Buy/Sell bar on top of the first page
  3. Click on Legend Trading
  4. Select the coin or pair and amount you want to sell 
  5. Click on “Sell”
  6. Confirm your sell order
Who owns Bitrue?
How does Bitrue make money?
Do I have to pay tax on Bitrue profits?
How do I delete my Bitrue account?
How can I short on Bitrue?
What if I forget my account password?
Can I transfer from my Bitrue account into my PayPal account?
What if Bitrue closes down while I have open trades?
Can I access my full trading history on Bitrue?
Can I pay in cryptocurrency with Bitrue?
Does Bitrue offer bonuses?
How do I transfer from Coinbase to Bitrue?
Is Bitrue anonymous?
Does Bitrue have an integrated wallet?
How do I withdraw from Bitrue?
Has Bitrue ever been hacked?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Theodor Tonca
Financial analyst
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not working, he can most commonly… read more.

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