Bitrue is a centralized cryptocurrency exchange founded in 2018 and based in Singapore. It is available on desktops as well as mobile devices. The Bitrue platform allows users to buy and trade over 700 cryptocurrencies. Many advanced trading options are also available, including ETFs and derivatives. The exchange is heavily focused on XRP and is recognized as one of the top platforms for XRP trading. On its official website, the company states that a round-the-clock security team ensures protection at all times. Additionally, Bitrue has its own native BTR token, which has various uses and benefits.
Bitrue and Zengo are both cryptocurrency platforms that cater to the needs of cryptocurrency traders, but they operate on fundamentally different principles. Bitrue is a centralized cryptocurrency exchange, which means they control access to users’ funds. Bitrue offers a variety of financial services, ETFs, and derivatives, and it is particularly known for its focus on XRP trading. On the other hand, Zengo is a non-custodial wallet with a focus on user control and security. It leverages Multi-Party Computation (MPC) technology, biometrics, and advanced recovery capabilities to provide its users with a high level of security. Unlike Bitrue, Zengo gives users full control over their investments, meaning they hold their own keys. Furthermore, Zengo is a Web3-ready wallet, allowing users to interact with a variety of decentralized applications (Dapps) while maintaining safety through its advanced Web3 firewall feature.
Bitrue has variable withdrawal fees. The fee you have to pay will depend on which kind of crypto you’re withdrawing.
Unfortunately, we couldn’t find any specific information regarding how long it takes to withdraw crypto from Bitrue to an external wallet. In most cases, in general, it should take anywhere from a few minutes to 24 hours, depending on the token and network of choice. Moreover, crypto-to-fiat withdrawals can usually be completed within a few days once a withdrawal request is made.
In order to make a withdrawal on Bitrue, you must first verify your account. In addition, there are more general mistakes that you could encounter with Bitrue withdrawals. For example, if you accidentally enter your destination address slightly incorrectly, you may lose your crypto forever. Furthermore, certain tokens can run on multiple chains, making it possible for mistakes to be made when choosing the right network (for example, USDT). Also, since this platform has transaction fees, you need to make sure you have enough funds in your account to cover both the transaction and gas fees for each withdrawal.
As far as we can tell from our research, it seems that Bitrue does support fiat withdrawals. If you are interested in using this option, you may have to go through a few steps. Alternatively, you can move your funds to the secure Zengo wallet and then withdraw your funds to fiat from there when you are ready.
