Bitrue

Bitrue is a cryptocurrency exchange that has carved a niche by being highly supportive of the XRP (Ripple) ecosystem. It was one of the first exchanges to offer XRP as a base currency for trading pairs. Bitrue offers spot trading, futures, loans, and high-yield staking ("Power Piggy") for a wide variety of assets.

The Power Piggy product allows users to earn daily interest on coins like XRP, ADA, and VET with no lock-up period. Bitrue is popular in the XRP community and offers robust API support for algorithmic traders. It is a legitimate, high-volume exchange serving a global user base.

Frequently Asked Questions

1. What is Power Piggy?

Power Piggy is Bitrue's flexible staking product. You can deposit assets like XRP or USDT and earn daily interest. There is no lock-up period, meaning you can withdraw your funds and interest at any time.

2. Is Bitrue good for XRP?

Yes, Bitrue is widely considered one of the best exchanges for XRP holders. It offers numerous XRP trading pairs (e.g., XRP/BTC, XRP/USDT) and often supports airdrops for XRP holders (like the Flare/Songbird airdrops) sooner than other exchanges.

3. specific trading fees?

Bitrue uses a standard fee structure starting at roughly 0.098% for XRP pairs and slightly higher for other pairs. Holding the platform token (BTR) can grant you significant discounts on trading fees.

4. Is Bitrue available in the US?

Bitrue has restricted access for US customers in recent years due to regulatory uncertainty. US users are generally advised to use US-licensed exchanges, as Bitrue may limit features or close accounts from restricted jurisdictions.

5. Is it safe?

Bitrue experienced a hack in 2019 but reimbursed all affected users fully and upgraded their security infrastructure. They now use multi-signature cold wallets and have a dedicated insurance fund to protect user assets.