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Bitrue Cryptocurrencies and Trading Options

Let’s now see what crypto variety Bitrue offers.

What cryptocurrencies can you trade on Bitrue?

There are over 150 tradeable cryptocurrencies and little-known altcoins on Bitrue. The top 5 coins are:

• Tether(USDT)
• Bitcoin(BTC)
• XRP(XRP)
• USD Coin(USDC)
• Ethereum(ETH)

With a 24h trading volume that usually surpasses $2 billion, Bitrue is one of the top exchanges. It supports over 500 trading pairs. The top pairs by volume are:

• Bitcoin (BTC) - BTC/USDT, BTC/USDC
• Ethereum (ETH) - ETH/USDT, ETH/BTC, ETH/USDC
• XRP - XRP/USDT, XRP/BTC, XRP/ETH
• Cardano- ADA/USDT, ADA/XRP, ADA/BTC
• Solana - SOL/XRP

Different Trading Options Offered by Bitrue

Apart from spot trading, Bitrue offers the option to trade futures and leveraged EFTs.

The exchange provides over 150 crypto assets that users can buy and sell on the exchange. There are also over 500 trading pairs available on the spot market. The top pairs for spot trading are:

• ETH/USDT
• BTC/USDT
• XRP/USDT
• SOL/USDT

Leveraged exchange-traded funds (EFTs) work by using a financial derivative to try and magnify the returns on an underlying asset. Bitrue offers long and short term leveraged EFTs across multiple crypto assets, for instance, XRP3L, XRP3S, AAVE3S, BTC3L, and BTC3S,

Another trading instrument on Bitrue is perpetual futures. There are over 50 pairs that you can trade with this contract. Funds for futures are stored on a separate account, and you’ll be required to select the coin pair you wish to trade, e.g., BTC/USDT.

Bitrue supports two margin modes, cross and isolated. Cross mode will use all the funds in your futures account while you have a chance to specify the amount for isolated mode.

These perpetual contracts offer you a chance to increase your risk exposure through leverage. You can also decide to go long or sell short. Some of the top perpetual future pairs are BTC/USDT, XRP/USDT, 1000SHIB/USDT, ADA/USDT, and ETH/USDT.

Can I Trade With Leverage on Bitrue?

Yes, you can trade with leverage on Bitrue. You can use leverage on both the perpetual futures and leveraged EFTs.

As of December 2021, Bitrue leads other centralized exchanges in the number of Leverage tokens with the support of over 100 coins. Traders can amplify their profits/losses with leverage(set to 3 times your trading amount ) for long and short positions on individual cryptocurrencies. For instance, SOL3S.

For perpetual contracts, the maximum leverage will depend on the value of your position and the underlying asset you decide to purchase. This option also allows you to go long or short, depending on your personal preferences.

The leveraged EFTs and perpetual futures leverage are comparable to those of Binance. Users can increase their risk exposure on various cryptos and trading pairs.

Futures and the use of leverage are inherently riskier than the regular buying and selling of cryptocurrencies. They increase your risk and may put you in financial danger.

What Are the Spreads?

There is a variable trading fee depending on the pair in question. Trading fees involving XRP such as XRP/USDT or XRP/BTC have a variable cost of 0.2%. Other mainstream trading pairs involving BTC, USDT, and ETH have a fee of 0.098%

Fees, Limits, and Payment Options on Bitrue

What Are the Deposit and Withdrawal Fees, Limits, and Speeds?

Bitrue is both a fiat to crypto and crypto to crypto exchange. There is a large selection of coins you can deposit, from popular crypto like Bitcoin to smaller altcoins like AMAS.

The exchange provides a limited number of ways to fund your user account using fiat money. Exchanges like Binance and Coinbase provide far better options in this respect.

Bitrue charges trading fees for all the pairs available. Fees will largely depend on the pair you select. The charges are comparable to platforms like Binance and are better than Coinbase.

Deposit Methods

Users can deposit crypto and fiat on Bitrue. The website recommends using other platforms like LocalBitcoins and OTCBTC for a better selection of payment options before depositing on Bitrue.

Bitrue partners with Simplex, a third-party payment solution company, to provide its clients with the ability to deposit fiat using their credit card and Apple pay. Visa and Mastercard are the accepted on the platform.

The exchange also partners with another company known as Legend Trading to allow its clients to buy crypto using fiat. Legend Trading is a US-based crypto firm that concentrates on institutional traders. Users in the US can use ACH bank transfers, while international clients can use wire transfers.

Users can deposit various fiat currencies, including USD, EUR, GBP, and AUD. ACH and wire transfers may take more than one business day. International wire transfer will take between 2 to 4 business days.

Bitrue doesn’t specify any minimum or maximum deposit limits for purchase via credit cards. However, there is a 3.5% or $10 charge, whichever is higher for credit card transactions. Deposits take an average of 10-30 minutes before being credited to the fiat wallet. There are no wire fees for international wire or ACH bank transfers.

The exchange does not state whether they charge for crypto deposits. Crypto deposits are typically instant but may depend on a specific cryptocurrency.

Withdrawal Methods

Withdrawal fees are adjusted dynamically depending on the network condition of the blockchain in question. However, Bitrue has some expected withdrawal charges in place. For instance, expect a fee of 0.05 for BNB, 0.0005 for BTC, and 0.01 for ETH.

OTC traders using the Legend Trading platform can expect a fee of $30 for fiat withdrawal to the bank account. This applies if the trade size is less than $50,000.

Before withdrawal, account holders will be required to adhere to three security steps. These settings are:

Setting asset password

Bind Google Authenticator

Bind email

The speeds for withdrawal of crypto will depend on a particular cryptocurrency. For instance, users withdrawing Ethereum tokens could wait up to 30 minutes, while Bitcoin withdrawals could take over 20 hours.

KYC verification does affect withdrawal limits. Account-holders with verified accounts can withdraw up to 100BTC per day.

Bitrue Trade Sizes and Limits

The exchange doesn’t specify any sort of limits for spot trading. We believe that account holders can buy the smallest fractional unit of crypto. The maximum amount users can trade is at the discretion of the exchange.

OTC traders who use the third-party service, Legend Trading, have a minimum limit of $500 and a maximum limit of $1 million.

Bitrue Trading Platform

What Devices Can I Use Bitrue On?

Ensure that your device is internet-enabled. Use the following to connect to Bitrue:

• Tablets
• Mobile phones (Android and IOS)
• PC

The mobile apps can be downloaded on the IOS and Google app store. It enables you, monitor and trade while on the go. Here is what you can do with the Bitrue app:

• Trade and store crypto
• Real-time monitoring of the crypto market
• Store, convert, transfer and manage all crypto all everywhere, everywhere.
• Invest using the power piggy feature
• Borrow Bitrue loans
• DeFi liquidity Mining

Can I Use Bitrue in Any Country?

Bitrue can be accessed globally in countries including Singapore, the USA, the UK and Canada. However, it does not operate in OFAC countries or countries like China, where crypto exchanges are banned. In the US, it does not operate in Texas or New York.

Is Bitrue Available in My Language?

Bitrue is available in eight languages. Apart from English, users can find Spanish, Chinese, Indonesian, and Arabic.

How Easy Is It to Use Bitrue?

Buying and selling crypto on Bitrue using other crypto and a credit card is simple enough for beginners. However, OTC traders may find it complicated due to the use of a third-party crypto firm.

The user web interface is simple enough, and the mobile apps are easy to use. The interface for borrowing and investing is also straightforward. Advanced users can enjoy sophisticated features like perpetual futures and Leveraged EFTs.

Key Features

Bitrue has a diverse clientele with a trading volume that periodically surpasses $2 billion in 24 hours. Apart from the low fees, other standout features that make this exchange popular are:

Full XRP Support

Bitrue uses XRP as its base currency. Traders can fully harness the advantages of XRP to trade crypto easily and at lower fees. The XRP community recognises the exchange and is one of the top five exchanges by XRP trading volume.

Power Piggy for Passive investment

The Power Piggy feature allows users to earn by investing their crypto in the exchange. There are daily payouts with no lockup period. The feature supports over 60 coins, including BTC, XRP and ADA.

Bitrue Loans

Borrowers can pledge over 30 currencies in exchange for popular crypto like BTC that can be sold or invested quickly. There are no handling charges for loans.

Security and Regulation

The safety of funds and crypto-assets is one of the primary considerations for traders. Let’s see if Bitrue’s security features suffice.

Is Bitrue Safe?

Bitrue has a tarnished history when it comes to safety. Hackers stole close to $4.5 million worth of Ripple and Cardano coins. The company promised to reimburse all those affected. There was also another security breach involving Ethereum Classic in 2019.

The exchange now says it has bolstered its security preparedness. This is after many tests and trials, including pseudo attacks and RO tests. It also employs memory matching technology with high elasticity to avoid DDOS attacks and aid fast and consistent performance of its trading engine.

The platform now uses McAfee security solutions to secure personal data and crypto-assets. Verified users also have to use the 2FA feature to secure their accounts.

Despite the assurance from the exchange, we cannot take their word for it simply due to the past incidents. It has been two years since the last security breach, and we hope the measures put in place can deter any attacks.

Am I and My Cryptocurrency Protected?

The platform boasts multi-layered systems to protect data and assets. Assets are also secured using a multi signature cold and hot wallet with isolation technology to guarantee asset safety. 99% of crypto assets are stored offline in the cold wallet to prevent easy access by hackers.

Is Bitrue Regulated?

The company operates from Singapore and is available globally. The Bitrue website doesn’t provide any information regarding regulatory compliance in the countries it operates in.

Do I Have to Verify My Account With Bitrue?

KYC is not mandatory on Bitrue. Before verifications, users can deposit, trade, invest, buy, and withdraw up to 2 BTC daily.

Users can use a driver's license, passport, or national ID for verification. The exchange offers benefits to verified users including better security for accounts, unlocking extra features, trading restricted coins, using the loans service, and withdrawing up to 100 BTC daily.

Extra Information

Educational Resources

Users have to contend with the FAQ and a training centre that explains the technical aspect of the platform.

Tools and Charting

Traders enjoy several order types, including limit and market orders. The exchange also has trigger ordering capabilities and technical indicators for analysis. The multi charts on the exchange can show moving averages and much more.

Professional traders might feel left out because these tools are basic to intermediate. The platform recommends using the Legend Trading platform, integrated with Bitrue.

The cryptocurrency industry has been around for a long time now and ever since it was first introduced, it has been a huge success and managed to make a name for itself in the global marketplace. Not just that, the crypto world has had a surge in its overall growth and popularity recently, thus making its way onto greater heights!

Having said that, I believe a majority of you are already familiar with the basics of the industry but, if for some reason that is still not the case, let me help you with that first!

To begin with, crypto is nothing but a form of virtual or online currency that can be used for a variety of purposes including the purchase and sale of goods and services as well as for the purpose of trade and exchange over cryptocurrency exchanges available online.

In technical terminology, the cryptocurrency industry is a blockchain-based platform that is said to be decentralized to its very core. Being decentralized, the industry becomes more than capable of stepping outside the overall control and jurisdiction of central authorities and can work freely without any unnecessary government interference as well.

When the crypto world was the first brought in, there were not many currencies for investors to choose from, and honestly, not many people were wanting to be a part of it either, naturally so, as there was a lot of doubt in respect to the return on investments they could expect and the safety of their money too.

Well, that is surely not the case anymore as today, there is an entire pool of currencies available for investors to pick from with newer ones coming in with each passing day and tons of new investors joining in every hour.

INV

Source: Cointelegraph

Speaking of a lot of currencies available today in the marketplace, some of the most prominent ones worth investing in includes Bitcoin, Polkadot, PancakeSwap, Binance Coin, Cardano, Dogecoin, Ethereum as well as Baby Doge to name just a few of course.

Also, it is worth noting that, a few of the major contributing factors for this huge success of the industry include its portability, intuitive nature, negligible response time, high-profit margins, the convenience it offers, volatility as well as ease of use of course.

Being volatile, it is important for you to be aware of the fact that, it is not always possible to predict the price changes and act accordingly as the price fluctuations in the crypto marketplace are almost immediate, thus leaving no time to plan. Therefore, whenever dealing in online currencies, keep in mind that, if the industry is providing you with an opportunity to earn huge profits and make quick money, if not done right, you could also end up having significantly huge losses as well.

Not just that, as per the chatter amongst some of the leading experts on the field, it has come to our notice that, crypto is rapidly progressing towards completely revolutionizing the global payment system and from where I stand, it looks like it has already started to do so as many merchants and businesses have started accepting crypto as an official mode of payment from their customers.

Now that you have a brief backstory about the crypto world, you will be able to have a much better understanding of what we have with us today, Inverse Finance. To know more, I suggest you read further!

Everything to know about Inverse Finance (INV)

Inverse Finance or as commonly referred to as INV is nothing but a suite of permissionless decentralized Finance (DeFi) tools that are said to be governed by Inverse DAO which is a decentralized autonomous organization running on the popular Ethereum blockchain. In other words, Inverse Finance is simply a decentralized platform that is focused on borrowing, lending as well as creating synthetic assets.

Not just that, Inverse Finance also claims to be a protocol that is known to offer passive no-loss investment in any given token by just following a Dollar-Cost Averaging strategy by making use of stablecoin yield. Before moving on any further, it is worth noting that, Inverse Finance was created by a sole developer, about a year ago, back in December 2020.

Also, INV is said to be the native utility token for Inverse Finance, which as a matter of fact can be used for a variety of purposes on the platform itself like to govern Inverse Finance products as well as for voting on future upgrades too. As mentioned, Inverse Finance is simply a protocol that is responsible for generating a yield on stablecoins and constantly investing their yield in a target token such as ETH (Ethereum).

When you deposit a stablecoin, you will be receiving a vault token at a 1:1 ratio, and as long you plan on holding that token, you will continue to receive ETH. However, when you finally withdraw your stablecoin, the value token is then burned and you will be receiving the deposited stablecoins back.

Apart from this, some of the major products of Inverse Finance include Anchor, DOLA as well as DCA Vaults. Now, for some of you wondering what they are? Allow me a chance to explain. To get going, the first one is Anchor, which is nothing but a synthetic asset and a money market protocol that helps in enabling capital-efficient lending and borrowing.

Secondly, we have with us DOLA, which is simply a stablecoin token that is responsible for tracking the price of a dollar. In other words, DOLA can easily be minted by making use of other assets on Anchor as nothing but collateral and can also be used itself as collateral in order to borrow other assets on Anchor.

Lastly, DCA Vaults allow you to invest your tokens into yield-bearing strategies while continuously purchasing the asset of your choice with the help of the proceeds. Thus, allowing you to dollar-cost average (DCA) into an asset including YFI, ETH, or WBTC over a certain period of time.

In addition to this, you should probably be aware of the fact that Inverse Finance is a platform that is known to be governed and run by its very own community of elected delegates as well as token holders (currently numbering over 2000 holders).

Speaking of benefits that the platform offers to its users, the first one is gas fees savings as the Inverse finance Vault is said to convert all users’ yield at pretty much the same time instead of one transaction per user. Apart from this, Inverse Finance also allows you to follow Dollar-Cost Averaging investment strategy in a target token with the help of your stablecoins yield over a long-term period, as mentioned previously as well.

This may be a suitable strategy especially for those who are not actually willing to take the risk of market buying the target token directly and would rather prefer to keep their principal protected from volatility.

Now that we have talked much about Inverse Finance, some of you must be wondering, whether or not it is a good idea to invest in the platform? If that’s the case, then let’s find out, shall we?

Investing in Inverse Finance (INV)

As of today, the price of Inverse Finance is about 635.86 US dollars with a twenty-four-hour trading volume of 3,488,247 dollars. Not just that, in just the past twenty-four hours, the value of Inverse Finance has gone down by 9.14 percent, and though unfortunately the current market cap and the current circulating supply of the currency are not yet available, INV is currently placed at #2981 position as per the CoinMarketCap rankings.

Also, it is worth mentioning that, the maximum lifetime supply of the token is about 100,000 INV coins and in just the past week alone, the price of the platform has fallen by 17.68 percent.

Reading so far, you must have gotten a fair understanding of the platform and by now, you should be able to figure out on your own whether or not investing in Inverse Finance is the right thing for you to do. Seeing what it has to offer when combined with its performance in the recent past as well as its plans for the near future, I certainly believe that Inverse Finance can prove to be a risky investment in the near future, which is likely to provide you with fewer returns and it is a possibility that your current investment may decrease in value. But again, nothing can be said or sure!

If still not convinced, see it this way that, if say you buy Inverse Finance worth a hundred dollars today, you will receive nearly 0.157 INV. According to the analysis done by experts on the field, after five years of your investment, the return is expected to be about +1.32 percent and thus, your current hundred-dollar investment will be nearly 101.32 US dollars in 2026.

As mentioned at the very beginning, crypto is a highly volatile marketplace and is extremely uncertain. Thus, It is very important for you to understand the fact that just like any other currency in the crypto marketplace, Inverse Finance does have its own risks as well and you should invest only if you are willing to take those risks and bear any and all losses if at all necessary.

If you are wondering, where can you buy Inverse Finance? Let me help you with that. Currently, Inverse Finance is available on all major crypto exchanges but, some of the popular exchanges that have INV listed on them include Huobi Global, Coinbase Exchange, Gate.io, BKEX as well as Uniswap (V3) to name a few.

Emission

MESH is a strong incentive reward given to ecosystem participants to provide more liquidity to Meshswap. According to the previously determined inflation rate, yield is distributed among Lenders, Liquidity providers (Lending / Leveraged farming pool), and MESH Stakers.

Lender deposits assets in the lending pool to lend their supply to leverage farmers in the leveraged farming pool. Lenders are rewarded with distributed MESH in return for their contributions.

Liquidity provider deposits their assets in the farming pool for traders' trading. Liquidity providers are rewarded with distributed MESH in return for their contributions.

Staker is rewarded with distributed MESH in return for contributing to the stabilization of MESH circulation by staking MESH for a certain period.

The reward distribution ratio for each ecosystem participant can be adjusted through governance voting. For example, the table below shows MESH inflation distributed to each participant based on the initial distribution ratio (**) and the first year.

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Deflation mechanism

The Meshswap protocol has a flexible token economy structure that can control circulation and maximize the value of MESH through the MESH Buyback & Burn mechanism, utilizing the entire transaction fee, based on the AMM basic business model.

50% of the transaction fees generated from all liquidity pools in Meshswap will be used to burn MESH.

Meshswap enables an organic virtuous cycle among Lenders, Liquidity providers, and Traders within one ecosystem.

Leverage farmer borrows more assets from a lending pool for efficient capital utilization and explosive rewards.

Accordingly, more deposit interest is distributed to Lenders (increasing Deposit APR), enabling lending pool liquidity inflow.

Abundant supply in lending pools facilitates lower lending rates (lower Borrow APR), and leverage farm activation that builds a rich liquidity environment within the protocol.

The protocol's abundant liquidity meets the greater transaction demand, so the protocol incurs more transaction fees.

As the transaction fee increases, more MESH is burned to form a structure in which the value of MESH continues to rise.

In addition to Buyback & Burn using pool transaction fees, MESH gets burned under the following mechanisms:

＊Burned by liquidity pool creation: Used to create a new farming pool. The cost will be burned.

＊Burned by Governance Voting Registration: The cost of registering a Governance Proposal is 500 MESH, which will be burned.

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MESH inflation redistribution

Since Meshswap's reward distribution is directly related to MESH value rise and the overall growth of the protocol, it is important to be well distributed among ecosystem participants, especially liquidity providers. Only greater MESH reward allocation to healthy liquidity farming pools with high transactions can raise MESH in value due to its scarcity under the MESH Buy Back & Burn (deflection) system. And as the valuable MESH is distributed to liquidity providers in individual liquidity pools, it brings a synergy effect to increase liquidity size, volume, and further expansion of TVL across Meshswap.

This unique token economics solves the limitations of other existing AMM Exchange Protocols’ Yield Farming; the centralized structure of incentive distribution and the decline in profitability due to protocol participants' expansion.

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1. Through the liquidity pool voting system, MESH Staker can directly decide which farming pools to generate more yields. Voting rights (vMESH) are obtained through MESH staking.
2. MESH reward distribution ratio is determined by the objective measure of each liquidity pool’s contribution to the rise of MESH value and the total index of burned MESH used as a transaction fee in the liquidity pool. And this MESH inflation redistribution structure increases the value of MESH which is directly linked to the profits of the MESH Staker DAO. Through this structure, it promotes protocol growth by more efficiently utilizing limited MESH resources.