Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Why Bitrue Exchange is The #1 Exchange You Need To Know About
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We’re always providing our readers with the best value and information and ensuring they get the utmost utility out of the crypto market. So let us explore Bitrue and see why we think it is the #1 exchange everyone needs to know about.
Registered in Singapore, Bitrue is a cryptocurrency exchange that aims to deliver the best value to its customers by allowing user feedback to direct their development roadmap. This strategy will surely raise them to heights in the future bull market. With offices around the globe, including Silicon Valley, Taiwan, and Beijing, Bitrue has shown great potential by constantly embracing the changes and demands of the market. At the same time, it allowed its customers to explore immensely interesting and innovative features.
Learning from past mistakes, allowing the market to dictate the present, and generating a long vision for growth, Bitrue has portrayed itself as a future-ready exchange that will not stop or be discouraged by outside hindrances. After the recent hack by malicious actors who ran away with a considerable amount, Bitrue has jacked up its muscles, to say the least, to ensure this won’t happen again.
What to Look Forward from Bitrue?
Each day we hear about new exchanges in different parts of the world. Some pass through all the loopholes and cement their existence, while others are not so lucky. Bitrue introduces itself as the “most secure and advanced platform on the web where crypto investors can buy, sell, store, and transfer their coins.” It further asserts that it is safe and secure to use. However, considering the history of crypto-exchange scams, hacks, and other hiccups, some of which Bitrue has its fair share of experience in, it seems quite a task to survive.
But survival alone is not Bitrue’s main focus. It is the satisfaction of its customers through continuous innovation of the crypto-trading experience. With a growing user base primarily in North America and Europe, all one can expect is swift, seamless transactions. You can use this exchange from Singapore, Japan, Taiwan, the EU, or worldwide.
Let us look into the capabilities that Bitrue has promised.
A Brief Overview of the Innumerable Features of Bitrue
Huge Range of Coins and Pairs: A wide range of coins and trading pairs can be found on the exchange. The several dozen cryptocurrencies listed on the platform have all been heavily screened to ensure that the projects are reliable and they won’t incur losses for the traders. Base pairs at Bitrue include BTC, ETH, USDT, and XRP, among others. Bitrue can also impressively process more than 10,000 orders in a second.
World’s First XRP Base Pair: Bitrue is an important business partner of XRP Official and one of the first exchanges to support XRP as a base currency. Bitrue is the perfect place for XRP holders and traders and has a long history of working directly with the wider XRP community. Even more encouragingly, Bitrue has already stated they plan to make an XRP base pair available for every cryptocurrency on their platform.
Industry Standard Trading Tools: A trader’s paradise is an exchange that allows maximum flexibility, leverage, and trading tools with the least lag and overload. The trader must be able to formulate strategies and execute them without the hassle and overhead cost. Bitrue promises all of these and much more. With an active order book and immensely handy trading tools, a well-seasoned trader will find it refreshing to work on the exchange.
Engaging with the user with Airdrops and Contests: To have a mutual, two-way relationship with the user base and aim to make the exchange appealing continuously, Bitrue has several exciting programs. BTR or Bitrue Coin is the exchange’s native token. With BTR and other mainstream tokens such as XRP, ETH, and more, the exchange conducts airdrops and contests for users to compete and guarantee they win tokens. This attracts new customers and develops loyalty to the exchange with the old ones.
Power Piggy – The Newest Way to Save and Earn Cryptocurrencies: Banks function as lenders and reserve holders in the traditional banking industry to help stimulate trade. They give interest to those who choose to save in their banks and charge higher interest on those who wish to borrow when needed. But since the saving and lending currency was always fiat, it affected the savers as their interest was usually canceled due to inflation. Power Piggy is Bitrue’s latest innovation in the DiFi industry, as they have revolutionized all banking. Power Piggy acts as a bank for multiple digital currencies, such as EOS, Bitcoin Cash, Litecoin,
It offers attractive interest rates for cryptocurrencies, including XRP, BTC, TRX, and stablecoins such as USDT, USDC, etc. Interest is paid to those who wish to stake their crypto holdings on the exchange. Since digital currencies are usually deflationary, the savers receive interest plus the increase in unit price. Bitrue can pay the interest by using the funds they have received as capital to improve their business and conduct other investment activities. Power Piggy can be considered one of the game-changing innovations in Digital Finance by any exchange. Even more surprisingly, if you hold a BTR token, the interest rate can increase to 10%.
Future Prospects
Crypto-based Loans: One of the most promising prospects in the crypto space is the introduction of loans based on crypto. It still needs to be determined how a crypto-loan giving exchange will be viewed as a bank or an NBFC; watching it all breakdown and settle will be a treat. Bitrue opened its branch of crypto-based loans, where users will leverage their holdings to undertake loans for their planned venture.
Personal Cold Storage: Cryptocurrency investors worldwide would most definitely love to use an exchange with a cold wallet that is accessible anywhere across the globe. However, with Bitrue, it’s taken a notch further. In the upcoming updates planned, Bitrue will allow for personal cold wallet storage where users can request their funds to be stored on a personal wallet, not connected to the internet. When the exchange could be attacked, the funds stored in individual wallets enjoy higher security.
Conclusion
Bitrue is a simple and easy-to-use cryptocurrency exchange. The company has invested much time and money into making its user experience smooth and painless. So it’s no wonder that success followed the service during its opening months. Add to this the ability to offer worldwide service and guarantee success.
Btc
Bitcoin
$62.547
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Based on everything outlined, Bitrue is undoubtedly a leading cryptocurrency exchange offering great fees and awesome digital currency support. Furthermore, as it reportedly has access to abundant resources and partners, Bitrue will continue to evolve and offer great digital currency exchange services to its clients.
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Sudarshan M
@Sum
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