In the multitude of cryptocurrency exchanges, choosing the right one is crucial for ensuring a smooth and beneficial trading experience. Bitrue could be one of them, as they are an upcoming exchange that offers many cryptocurrencies and competitive fees. On this page, we take a look at these fees and how they compare to the exchange median. Let’s take a look…
What Fees Can You Expect When Trading on Bitrue?
Spot Trading Fees on Bitrue
If you want to trade spot markets, meaning 1:1, you can expect low spot trading fees. For XRP/BTC, XRP/USDT, and XRP/ETH pairs, the rate is 0.20%, which drops to 0.14% if you pay with Bitrue’s native token (BTR).
Other BTC, ETH, and USDT trading pairs are even lower at 0.098%, with a BTR fee of 0.0686%. XRP trading pairs are slightly higher at 0.280%, but paying with BTR can reduce this to 0.196%.
For other trading pairs, the fees can reach up to 0.32%, and for those who own BTR, they get a discount that brings them down to 0.224%.
VIP Fees
Withdrawal Fees on Bitrue
Although withdrawing fiat to a bank account is free, sending cryptocurrency to another wallet or exchange will come with a withdrawal fee. This will vary on the exchange that is used, so be mindful of things like network congestion or individual withdrawal fees of different blockchains. If you are extracting fiat, additional charges for less common services like international wire transfers could apply.
Bitrue Withdrawal Fees BTC
The withdrawal fee on Bitrue for BTC is set at a minimum of 0.0005 BTC. This fee is marginally lower than the global industry average but still is a good enough amount to perhaps choose other cryptocurrencies that have lower fees, such as Dogecoin, XRP, or stablecoins via L2 networks.
What Deposit Methods Are Available on Bitrue?
To deposit on Bitrue, you can use different kinds of credit cards that let you deposit in USD or EUR. Reportedly, they are working on expanding this feature to include additional fiat currencies. Currently, wire transfers are not supported, but the ability to deposit via credit card will come with a standard fee, dependable on the payment providers, of course.