What Is Bitrue?

Founded by a team of cryptocurrency enthusiasts and finance professionals, Bitrue is a crypto exchange platform that provides customers with an avenue to trade, manage crypto, invest, and earn passive income.

In its early days, the platform focused on XRP, a decision that has worked to its advantage. The centralized exchange has one of the largest number of XRP pairs: 48. Its daily transaction volume also runs over $1bn.

Who Are The Founders of Bitrue?

The company was founded by Curis Wang. Prior to the crypto startup, Wang worked for Cheetah Mobile, a Chinese mobile Internet company headquartered in Beijing, China.

Cheetah Mobile is the creator of some of the most popular global mobile apps. Wang was the Head of Innovation Business Development for Cheetah Mobile for close to 4 years.

As for his educational qualification, Wang has a Master’s in Computer Science from the National Taiwan University.

When Did Bitrue Launch?

Bitrue was launched in July 2018.

Where Is Bitrue Located?

The company’s primary locations are Singapore, Taiwan and Asia.

Bitrue Restricted Countries

The crypto exchange is available globally in countries like the US, the UK, Canada, and Singapore. However, people in OFAC (Office of Foreign Assets Control of the U.S. Treasury Department) countries or regions like China, where crypto companies are banned, are restricted. Within the US, the company does not operate in Texas or New York.

What Coins Are Supported on Bitrue?

Bitrue supports a whopping 539 coins across 846 markets. All the top digital assets like BTC, ETH, XRP, and SOL are available on the exchange. It doubles as a fiat-to-crypto and crypto-to-crypto exchange.

How Much Are Bitrue Fees?

Except for some pairs, Bitrue’s standard trading fees are as follows:

• XRP/BTC, XRP/USDT, XRP/ETH: 0.20%
• Other BTC, ETH & USDT trading pairs: 0.098%
• XRP trading pairs: 0.28%

Using BTR, the native currency of the exchange, for transaction fees attracts a 30% discount.

Is It Possible To Use Leverage or Margin Trading on Bitrue?

Margin trading is not enabled on the exchange. However, in 2021, the platform launched a type of crypto derivative contract to provide investors with increased exposure to an underlying asset’s performance without the complexities of managing a margin trade. It rolled out leveraged tokens, which allowed traders to juice up their bets with up to 3x leverage.