Bitrue Review 2025: Is it a Safe and Legit Exchange?
Bitrue is a centralized crypto exchange that supports a huge selection of cryptocurrencies and various crypto trading products for investors with different trading experiences. The exchange is most popular for Power Piggy, an investment product that allows traders to earn daily interest in their cryptocurrencies.
Unlike the regular crypto earn products on other exchanges, interests on Power Piggy are paid daily into your Bitrue account, and you can retract the crypto assets you invested at any time. Besides the investment tool, Bitrue Exchange is also known for having a user-friendly interface across its web and mobile apps.
This simple interface, multiple trading options, and the provision of advanced charting tools make the platform suitable for beginners and advanced traders. And, if you are considering using the Bitrue exchange for trading, it is only right that you understand all its features and know the ins and outs of the crypto exchange.
Hence, this Bitrue review will cover what Bitrue is, its best features and products of Bitrue, Bitrue fees, its security features to determine whether it is safe and legit for trading crypto, and a step-by-step guide on creating a new account on Bitrue. Let’s begin!
What is Bitrue?
Bitrue is a Singapore-based cryptocurrency exchange established in 2018. The platform offers various services to beginner and experienced traders and offers multiple trading options, including spot, futures, and exchange-traded funds.
The trading platform has a staking product, a crypto lending platform, and a DeFi platform, and it supports over 700 cryptocurrencies, providing users with extensive trading options. In addition to these features, Bitrue stands out for its ease of use and the Power Piggy features, which allow traders to stake their cryptocurrencies in exchange for daily rewards.
Here is a detailed overview of Bitrue Exchange and its best features.
| Exchange | Bitrue |
| Founded | 2018 |
| Headquarters | Singapore |
| Founder(s) | Curis Wang and Ryan Hentz. |
| Features | Bitrue mobile app, Power Piggy, derivatives trading, copy trading, crypto loans, and spot trading. |
| Supported Cryptocurrencies | 700 |
| Native Token | BTR |
| Margin Trading | Yes |
| KYC Requirement | Mandatory |
| Security Measures | Multisig wallets, Two Factor Authentication, IP whitelisting, and an insurance fund. |
| Trading Fees (Spot) | 0.098% for most cryptocurrencies |
| Deposit Methods | Crypto, debit/credit cards, and third-party payment platforms. |
| Additional Features | Launchpad, staking, exchange-traded funds (ETFs), |
| Restricted Locations | United States, Mainland China, Hong Kong, Canada, Netherlands, Iran, North Korea, Ukraine, Russia, Cuba, Syria, etc. |
Claim an exclusive welcome bonus of 1,000 USDT, and various exciting rewards are up for grabs.
What Are the Pros of Bitrue?
The pros of Bitrue are listed below:
- Robust Security Features: Since its last security breach, Bitrue has put more effort into its security measures to ensure that users’ funds and data are kept safe. They implement features like multisig cold wallets and also encourage users to activate Two-Factor Authentication to safeguard their accounts on their end.
- Support More Than 700 Cryptocurrencies: For traders looking for wide asset support, Bitrue supports about 700 cryptos and 1000+ trading pairs across spot, futures, derivatives trading, and leveraged ETFs.
- Passive Income Options: The crypto exchange platform offers multiple features for users to earn passive income while trading. These features include Power Piggy, staking, a crypto launchpool, BTC staking, and crypto borrowing and lending.
- Competitive Fees: Bitrue offers competitive fees across its spot and futures markets. These fees start range between 0.09% – 0.06%, and traders who pay transaction fees with BTR (Bitrue native token) enjoy a 20% fee discount.
What Are the Cons of Bitrue?
The cons of Bitrue are listed below:
- Not supported in the US: Due to regulatory issues, the Bitrue crypto exchange platform does not offer its products and services to traders in the United States.
- Not Regulated by Regulators With Stringent Protocols: Bitrue is not regulated by a financial authority with strict regulatory and security check standards. So, do your due diligence before trading crypto on the exchange.
- Major Security Breaches in the Past: While Bitrue has improved its security, the exchange has faced two major security attacks in June 2019 and April 2023. The total amount of lost funds from these breaches was about $27 million in crypto assets. Since these incidents are quite recent, some users are skeptical about the safety of their digital assets.
- Customer Support Could be Better: From our Bitrue review, we came across numerous negative reviews and complaints highlighting slow or unhelpful responses from the support team. In addition, some users have reported unresolved issues with lost deposits and account access.
Is Bitrue Available in the US?
No, Bitrue is not available in the US due to regulatory restrictions. The exchange discontinued its services in the US in April 2023 without a specified resumption date, so Bitrue US customers should consider exchanges like Kraken, Gemini, Coinbase, and Crypto.com, which are all good alternatives to Bitrue.
Where is Bitrue Located?
Bitrue is located in Singapore and has offices across Europe and Asia.
What Are the Best Features and Products of Bitrue?
The best features and products of Bitrue are the Bitrue mobile app, Bitrue Power Piggy, derivatives trading, copy trading, and crypto loans. Keep reading to find out more about these features and how they can improve your trading experience.
Bitrue App
The Bitrue Exchange has a mobile app for iOS and Android with features similar to the web version. The app allows users to trade cryptocurrencies even when they are on the move. It also gives investors access to all the platform’s trading products and live charts through TradingView for advanced analysis. From our Bitrue app review, we found that the exchange’s interface is user-friendly and suitable for both beginners and advanced traders.
Register a new account and get up to 1,000 USDT in welcome bonus
Bitrue Power Piggy
The Bitrue Power Piggy is an investment feature that enables traders to earn daily interest payouts with no lockup period. This makes it ideal for crypto investors who want to make quick gains from their crypto assets.
The crypto trading platform has 100+ cryptocurrencies, including major coins, DeFi tokens, and stablecoins, available for investing on the Power Piggy (more are added every week). It also offers competitive interest rates, with some assets reaching up to 13% APR.
Some coins can also have higher interest rates if you hold BTR (Bitrue’s native token). So, the more BTR you hold, the higher the interest rate you will receive. Power Piggy does not offer long-term or fixed investment options, so interests are paid out daily into your Bitrue account or biweekly if you choose the coins with short-term validity periods (7 or 14 days).
Derivatives Trading
In addition to spot trading, Bitrue offers Derivatives trading, enabling users to trade futures contracts with leverage. Bitrue supports over 100 pairs of USDT perpetual futures, and traders can choose between Cross and Isolated margins. The Cross Margin uses all the funds in the futures account as the margin, while the Isolated Margin limits the margin to a specified amount.
Copy Trading
With Bitrue copy trading, newbie traders can easily replicate the trading strategies of advanced experts and potentially earn profits by following their lead. To choose the best lead trader, consider the following factors:
- Track Record: Always check on the general indicators, such as overall rankings, returns on investment, current/historical copy trader counts, copy trading volume, and win rate, to understand the level of trust other copy traders have in the trader.
- Followers and Total Earnings: Bitrue indicates how many traders have copied a particular trader, so you can check the number of people following them.
Even though the best traders also lose sometimes, a consistent track record of high earnings is a good indicator of the traders’ strategies. If the trader’s profitability is increasing consistently, then this is likely a trader you want to copy.
If you are not familiar with copy trading, you can easily copy the exact strategies of any of the lead traders. However, if you are a professional trader, you can customize your trading strategies to suit your needs and risk tolerance level.
Crypto Loans
Bitrue’s Crypto Loans allow traders to borrow crypto from other users by pledging their cryptocurrency holdings as collateral. Users can lend and borrow assets like USDT, BTC, XRP, or ETH by pledging coins they hold on the platform. The good thing is that the loan terms are flexible, with no fixed delivery deadline, and interest is calculated daily at a floating rate.
Is Bitrue Safe and Legit for Trading Crypto?
Yes, Bitrue is safe and legit for trading crypto. Considering the robust security features they implement, the company is reliable. However, it is important to note the major attacks they’ve encountered in the past and the multiple customer complaints about revoked account access.
The most recent security breach occurred in April 2023, when an attacker stole $23 million from one of the exchange’s digital wallets. These hot wallets contained only about 5% of the exchange’s funds, so according to the company’s report, users’ assets were safe.
But this wasn’t the first time fraudsters had targeted the trading platform. In June 2019, a hacker stole about $4.2 million by exploiting a vulnerability in the trading platform. Bitrue repaid its customers who were affected by the breach and uses the following features to secure users’ assets:
- Multisignature Cold Wallet Storage: Bitrue stores a significant portion of user funds in cold wallets using multi-signature (multisig) technology. To prevent a single point of failure and fraud, the system requires multiple private keys (held by different individuals or devices) to authorize transactions.
- Two-Factor Authentication (2FA): Bitrue encourages users to activate 2FA with their mobile number or Google Authenticator to log in.
- IP Whitelisting: Bitrue uses this feature to ensure only pre-approved devices and IP addresses can make withdrawals from your account. If someone gets hold of your account credentials, they won’t be able to withdraw your crypto unless they use an approved device and IP address.
- Insurance Fund: Bitrue has a publicly viewable insurance fund containing 25 million XRP and 40 million BTR tokens for reimbursement in security failures.
Sign up on Bitrue and get up to 1,000 USDT and many more rewards.
Does Bitrue Require KYC?
Yes, Bitrue requires KYC. Before June 2023, KYC was optional on Bitrue, but new sign-ups and existing users who failed to complete KYC before the stipulated deadline lost access to deposits, trading, and other features.
What is Bitrue’s Fee Structure?
Bitrue Exchange has a fixed for all the trading pairs available on the exchange across spot and futures markets. They also have a 3-level VIP program that provides discounts on transaction fees for high-volume traders. Here’s a more detailed breakdown of Bitrue’s fee structure:
Spot Trading Fees
Bitrue uses a flat fee model for spot trading instead of the traditional maker-and-taker fee model.
- Standard Rate: 0.098% for most assets (e.g., BTC, ETH, USDT pairs).
- XRP Pairs (XRP/BTC, XRP/USDT, XRP/ETH): 0.196%.
- Other XRP Pairs: 0.28%.
If you pay your fees using Bitrue’s native token (BTR), you will get a 20% on trading fees.
Features Trading Fees
Futures fees on Bitrue apply to both takers and makers:
- Standard Rate: 0.02% for makers and 0.06% for takers.
- USDT Pairs: 0.038% (maker) / 0.07% (taker).
- Coin-M Pairs: 0.038% (maker) / 0.07% (taker).
Deposit and Withdrawal Fees
Crypto deposits on Bitrue are free. For traders buying crypto with fiat currencies, fees will be charged by the third-party payment processor you use. Bitrue withdrawal fees vary depending on the cryptocurrency and network activity. Here’s a breakdown of Bitrue withdrawal fees for various crypto assets.
| Coin | Withdrawal Fee |
| BTC | 0.0005 |
| ETH | 0.01 |
| USDT | 2.6 |
| USDC | 13 |
| XRP | Free |
| BNB | 0.05 |
| ADA (Cardano) | 1 |
| BCH (Bitcoin Cash) | 0.001 |
| LINK (Chain link) | 0.55 |
| DASH | 0.002 |
| LTC (Litecoin) | 0.001 |
How to Create a New Account to Trade Crypto on Bitrue?
To create a new account to trade crypto on Bitrue, you need to visit the Bitrue official website first, then do the following;
Step 1: Register a New Account
Click “Sign Up” at the top right corner of the homepage. Then, add your email address and the current Bitrue referral code and click “Next.” The exchange will email you a unique confirmation code. Add the code to proceed.
Open your trading account here to get up to a 1000 USD bonus.
Step 2: Set Password
The next step is to set up a strong password that you will use to log in to your account. Click “Confirm” once you set the password. Your account has been successfully created. You can now download the mobile app and use your credentials to log in to your Bitrue wallet.
Step 3: Complete Identity Verification
The KYC verification process is mandatory on Bitrue. The platform offers two levels of verification: basic and advanced. The first requires only personal information and a contact number. In contrast, the advanced level requires users to upload a valid proof of identity (e.g., ID photo, passport, or driver’s license) in electronic form.
Once you’re verified, you can visit the Rewards Center to redeem your welcome bonus and other rewards. Please note that Bitrue requires new users to make a first-time deposit before they can redeem the $1,000 rewards. To make your first deposit and qualify for this bonus, follow the steps below.
How to Buy and Trade Cryptocurrency on Bitrue?
To buy and trade cryptocurrency on Bitrue, you need to;
- Deposit Crypto or Fiat Currency
Bitrue allows you to fund your account using either cryptocurrency or fiat money. If you already own crypto, go to the assets page and click on “Deposit,” then select the cryptocurrency you wish to deposit.
Once you click on the crypto, you will see various blockchain networks. Click on the exact network you are transferring crypto from. Then, copy the wallet address displayed on the next page and send your cryptocurrency to it.
If you prefer using fiat, Bitrue claims that it supports purchases via 50+ payment methods, including credit/debit cards and bank transfers through third-party payment providers. To buy crypto with fiat currency, you can use the simple “Buy/Sell” feature on Bitrue.
On the Buy/Sell page, select the currency and how much you want to spend, as well as the crypto (using USDT, for instance) you want to receive. After indicating the crypto you wish to receive, select “Buy USDT” to complete your transaction.
- Trading Crypto on the Bitrue Exchange
Bitrue provides multiple trading options, including spot trading and futures trading. To trade on the spot market, click on “Trade” and select “Spot.” On the spot trading interface, select the trading pair you wish to trade (e.g., BTC/USDT).
If you are unsure what pair to trade, read our guide on the best cryptocurrencies to buy now to discover top crypto coins that could potentially 100X your capital. Once you’ve done your research on the best crypto to buy, analyze the price charts, enter the amount of crypto to buy or sell, and choose your order type.
You can choose between market orders (executed instantly at the current price), limit orders (where you set a specific price for execution), and stop-loss orders to manage risk. Finally, verify the details of your order and click Buy/Sell to complete your trade.
Advanced traders can explore leverage and futures trading for potential higher returns. To trade futures contracts, select “Derivatives” and choose the kind of contract you want to trade between USDT Futures, Coin-M Futures, and USDC Futures.
Deposit USDT or other supported collateral into your Futures account, choose a trading pair (e.g., BTC/USDT Perpetual), and select leverage (Bitrue offers up to 100x leverage). Once you’ve entered the details of your trade, open a Long (Buy) or Short (Sell) position based on your predictions.
Note: Be advised that futures trading is ideal for users familiar with the crypto space and who have experience trading futures contracts on other exchanges. If you are new and want to trade futures contracts, do your own research to understand how it works to avoid making mistakes or losing large amounts of money.
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