Are you new to the world of cryptocurrency trading and looking for a platform that is beginner-friendly yet offers the potential for substantial rewards? Maybe Bitrue could be a good choice, as it is a platform that boasts a user base of millions worldwide and requires no KYC for private use.
In this guide, we’ll walk you through the steps to get started with Bitrue, from signing up for an account to making your first trade.
What is Bitrue and What Does it Offer?
Bitrue is a cryptocurrency exchange founded in 2018 that has quickly risen to become one of the top exchanges in the world. What it offers can be checked in our Bitrue review here.
If you are set on using Bitrue and were wondering how, we’ve got you covered. Check out our guide below.
How Do You Sign Up on Bitrue?
Signing up on Bitrue is the foundational step to start trading cryptocurrencies on Bitrue, obviously. You can use the link to sign up here or below.
The process is straightforward and takes only a few minutes. Once you’re signed up, you’ll be greeted by the homepage, which displays announcements, banners, top cryptocurrencies, rising and declining markets, and everything you need right on the first page.
Bitrue also boasts their user-friendly app version that you can use if you are into mobile.
KYC Verification Process
Starting the Know Your Customer (KYC) verification process is an essential step if you want to withdraw more than the minimum.
After you have successfully registered, simply click on “Verification” to begin the KYC verification process.
Navigate to your personal account and click on “ID Verification”. Here, you will be prompted to enter your personal details, which are crucial for establishing your identity in the system.
What Information Is Required for KYC Level 1 Verification?
Upon reaching the KYC verification homepage, click on “Verify Lv.1”. You’ll be asked to:
- Fill in your personal information.
- Verify your personal mobile number.
This is enough to withdraw the minimum amount. But if you want no restrictions, you need to go for KYC level 2.
What Additional Steps Are Needed for KYC Level 2 Verification?
For the KYC Level 2 verification, follow these steps after clicking on “Verify Lv.2”:
- Select the type of document you wish to use for verification.
- Fill in the document number.
- Upload a picture of the document for verification purposes.
Similar to Level 1, after successfully submitting the required documents and information, you will receive a confirmation message. This acknowledges that your Level 2 verification has been completed.
Completing both levels of KYC verification grants you full access to Bitrue. It is recommended if you trade larger amounts.
How Do You Buy Cryptocurrencies on Bitrue?
After signing up, you probably want to buy cryptocurrencies. This is currently only possible with a credit card. To do this, simply navigate to the ‘Buy/Sell’ section on Bitrue. You’ll find various options. From there, it’s a straightforward process:
- Click ‘Buy’ and select the cryptocurrency you wish to purchase, such as Bitcoin, Ethereum, Ripple (XRP), Litecoin, or others.
- Input the amount you want to purchase and select the fiat currency you want to use.
- Click on ‘Buy Now’, and you will be redirected to the payment provider to verify your identity and complete your payment.
- Once you are verified, your purchased cryptocurrency will appear in your ‘Assets’.
How Do You Sell Cryptocurrencies on Bitrue?
If you want to take profit or just sell your crypto for whatever reason, the steps are as clear as when you bought them. To sell cryptocurrencies:
- Go to ‘My Assets’.
- Select the cryptocurrency you want to sell.
How to Deposit and Withdraw Cryptocurrencies on Bitrue?
Maybe you don’t want to buy your crypto via the listed payment providers and just want to transfer them from other wallets or exchanges. Well, this is also not difficult. For deposits:
- Go to ‘Assets’.
- Click ‘Deposit’ next to the cryptocurrency you want to add to your account.
- You’ll receive a deposit address to transfer your funds to.
Same goes for Withdrawing which is just as easy:
- Navigate to ‘My Assets’.
- Click ‘Withdraw’ and follow the prompts to withdraw your cryptocurrencies from Bitrue.
How do I withdraw funds to my own Bitcoin wallet?
To withdraw funds to your own Bitcoin wallet from your Bitrue wallet, the steps are simple:
- Navigate to ‘Assets’.
- Click on ‘Withdraw’.
- Select ‘BTC’ and hit the ‘Withdraw’ button.
- Choose the relevant BTC network.
- Paste your BTC withdrawal address.
- Enter the amount you wish to withdraw.
- Input your pin code if required.
- Confirm the withdrawal.
If you are looking for just a place to buy crypto without actively trading it, transferring your funds to a private wallet is recommended and ensures that you have 100% control over your cryptocurrency.
How to Trade Bitcoin for Other Cryptocurrencies on Bitrue?
After buying Bitcoin or any cryptocurrency using your credit card or by depositing on the Bitrue account, you may wish to trade it for another cryptocurrency. The steps to do so are easy. Here’s how:
- Go to the ‘Exchange’ section.
- Select the BTC/USDT pairing for the cryptocurrency you want to purchase.
- You’ll be presented with an order book. The green numbers represent buy orders, and the red numbers represent sell orders.
- To buy at the best price, click the lowest red number, which is the current lowest selling price.
- Enter the amount of the cryptocurrency you wish to buy, using the slider or by typing the amount directly.
- After confirming the details, click ‘Buy’. Your new cryptocurrency will now be visible in ‘My Assets’.
What should I do to ensure I have full control of my money?
To ensure full control over your money, it’s crucial that you hold the private keys to your cryptocurrency. As the saying goes, “Not your keys, not your Bitcoin.”
By transferring your cryptocurrency to a wallet where you control the private keys, you eliminate counterparty risk and guarantee that you have full ownership and control over your funds.