In this article, I will discuss TruBit, which is a cryptocurrency exchange focusing on a simple interface and low trading fees.
They also promised to permit spot and contract trading as well as provide a mobile app for the convenience of their users.
Furthermore, I’ll explain its safety features, TruBit Card, and how the support team operates.
About Trubit?
Trubit Exchange is an online site that allows you to trade or exchange cryptocurrencies with other currencies.
It has a solid performance record, including security and ease of usage; thus, popular among many traders.
Trading many cryptocurrencies, Trubit caters to both novice and advanced users as the platform includes a central feature supporting trading pairs.
One can expect features like cost-effective trading fees, instant market quotations showing changes in prices in real-time, and many other features aimed at the smooth operation of the market transactions.
TruBit Exchange Overview
| Feature | Details |
|---|---|
| Trading Options | Spot trading, contract trading, and OTC trading. |
| Fees | Spot taker: 0.095%, Spot maker: 0.075%; Contract taker: 0.04%, maker: 0.02% |
| Security | Multi-factor authentication, cold wallet storage, encryption. |
| Mobile App | Available on iOS and Android for trading on the go. |
| TruBit Card | Enables crypto-to-fiat conversions for everyday spending. |
| Customer Support | 24/7 support via live chat, email, and FAQs. |
| Referral Program | Earn commissions by inviting others to the platform. |
| Supported Cryptocurrencies | Offers a moderate range of popular cryptocurrencies. |
| Global Availability | Limited availability in some regions. |
How to Sign Up on TruBit Exchange?
How To Register An Account For The TruBit Exchange
It does not require much payoff to register for an account on the TruBit exchange because the whole process is short and straightforward:
Open the TruBit Website or Mobile App
Visit the TruBit’s Official Website or Install the Application on Playstore or AppStore
Click on Sign-Up
On the homepage or in the app, click on the ‘Sign Up’ button, which will appear on the home page or the app landing screen.
Enter Your Information
Enter either an active ALPHA-NUMERIC EMAIL address or a working PHONE NUMBER. Generate a strong password and reenter it for confirmation purposes.
Activate Your Account
A verification code will be sent to your email or phone, and the code needs to be input in order to complete the registration.
Submit KYC if Needed Be
For full feature capabilities, the Know Your Customer (KYC) process should be completed by submitting the relevant identification documents.
Engage In Trading Activities
You have completed the registration. Log in to your account and check the features of this platform to start trading.
TruBit Fees
TruBit Exchange Trading Fees
When you place an order with TruBit Exchange, most importantly, the price provided is the bid-ask spread plus some small trading costs.
However, the percentage of trading fees is dependent on the platform used, transaction types, or even trading volume.
Some say that exchanges provide flat fees for transaction purposes, and yet others say fees are dependent on the volume traded.
Other platforms, for instance Coinbase, might allow an activity to happen free of charge when small amounts are ranged, however, charges are incurred for larger amounts.
TruBit boasts of some of the most reasonable fees in the industry, with taker fees amounting to 0.095% for spot trading, which is below the industry average.
For Makers, a benefit exists due to a rate of 0.075%. With regards to contract trading, the rates are takers of 0.04% and makers of 0.02% for trading, both of which are inferior to average rates.
Such competitive fees and discounts associated with them make TruBit a better option for traders.
TruBit Exchange Withdrawal Fees
TruBit Exchange does not seem to be greedy when it comes to their withdrawal fees, as they are deficient and vary depending on the coin withdrawn.
Using Bitcoin (BTC), for instance, the customers will be charged up to 0.0009 per withdrawal.
That is quite reasonable, bearing in mind that this is a deposit-free account while the average industry figure appears to be much higher.
To the best of our knowledge, no, this trader does not permit withdrawals in fiat currency.
Deposit Methods
TruBit Exchange not only allows its clients to make cryptocurrency deposits but also offers them the ability to deposit fiat.
Customers can even fund their purchases using their debit and credit cards, which is very convenient because customers have quick access to their funds.
Since a deposit of fiat money is allowed on this trading platform, this is regarded as a complete exchange as it is one where new crypto investors can begin joining the exciting world of crypto while providing for the more skilled investors as well.
TruBit Wallet
The TruBit wallet allows customers to make secure payments with several cryptocurrencies in a simple and cash LTE manner.
Clients may manage their digital assets’ purchases, sales, and trading with only one application and conveniently spend them at any time.
The TruBit wallet makes transferring money between friends through QR codes possible without charge.
In addition, customers will receive an enticing offer of $3 USDT (Tether) upon opening a TruBit wallet account after going through KYC for the first time, with this offer being available only to clients who keep an average of over 25 USD worth of cryptocurrency in their accounts for 30 days.
An excellent offer, you would agree, and excellent news for new users planning to fund this unusual provider’s account.
TruBit Card
The TruBit Card presents one of the convenient methods of managing cryptocurrency while making transactions in everyday life.
Users can exchange digital assets for local currency, thus facilitating payments at millions of merchants worldwide.
With low fees, rapid conversion, and accepting various cryptocurrencies, the TruBit Card integrates the worlds of cryptocurrencies and classical finance so that no problem occurs when spending crypto.
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How Many Types of Trading Options Available
Variety of Trading Options Available on TruBit
The traders on TruBit Exchange have not only one trading option but also various options like spot trading, contract trading, and many more.
Some of the main features that are common to the trading options are provided below:
Spot Trading
Customers can buy and sell cryptocurrencies with basic transactions for a fixed price instantaneously. Ideal for users who have uncomplicated transactions in mind.
Contract Trading
Users can speculate on the price movement without taking ownership of the assets through futures or perpetual contracts.
This type of trading is suitable for people who want to hold some leverage positions.
OTC Trading (Over-The-Counter)
OTC trading supports big deals without affecting the price of the market, as it is done secretly over the phone or in an office.
These types of transactions are most appropriate for enterprise-level companies or regular users who trade massive amounts.
Staking and Earning
This is unlike trading options, these are assets which can be staked for passive income or users can join earning programs.
Is TruBit Safe?
TruBit has been built with several safety features to ensure that users remain safe.
High-level encryption, multi-factor authentication, and cold wallet storage are used to safeguard assets and personal data.
The platform is regulated and complies with regulation standards, further increasing its reliability.
Even though None of the exchanges is entirely without risk, the security measures taken by TruBit make it safe for trading cryptocurrencies.
TruBit Exchange Features
Versatile Trading System
Saver of both contract trading and spot trading, which allows one to make cryptocurrency transactions instantaneously or to integrate the market by trading in futures and leveraged positions, offers support.
Affordable Trading Fees
Specifically, it charges low fees towards the spot trades of 0.095% for the takers and 0.075% for the makers and even lower percentages on contract trades.
Enhanced Security Protection of Data and Assets
Cold wallet storage, multi-factor authentication, and encryption help ensure asset and data safety.
TruBit Card User System
This allows users to convert turbo up to any fiat value and pay to vendors free and instantly in any country around the world.
Accessibility with a Mobile App
The Mobile app makes it possible for users to trade as well as monitor markets and manage portfolios even when on the go.
Use of Over-the-Counter(OTC) Trading
It provides options for institutional traders to carry out large-scale trades discreetly and with no market effects.
Information and Guidance Materials
Demonstration videos, market analysis, and customer assistance are available to help users make sound decisions.
Referral Program
The TruBit Referral Program offers some bonuses to users when they refer other users to the platform and share a unique referral link.
This enables users to earn commissions commensurate with their referrals’ trading activity.
Such passive income generators will appeal to both new users and existing users of the exchange who seek extra incentives to promote it further.
Security and Regulation
TruBit, like most of its competitors, offers a robust security system and is compliant with the regulations. A few points stand out:
Regulatory Compliance: TruBit holds a number of licenses, such as VASP in Mexico and MSB in both the USA and Canada, as well as PSP in Argentina and AUSTRAC in Australia.
Security Measures: Incorporates the use of hot and cold wallets for asset allocation with the utmost security to the user’s funds and capabilities.
Part of Galactic Holdings: TruBit is under Galactic Holdings, which is a company that possesses a lot of knowledge concerning the online financing and cryptocurrency markets.
Investment Backing: TruBit has gotten several rounds of financing, which has increased the firm’s trust as well as its growth.
LATAM Focus: The presence of TruBit in the Latin American markets is encouraging as its products focus on the region.
TruBit Mobile Application
TruBit Mobile enables users to trade, buy, sell, and run an entire suite of cryptocurrencies while on the move.
The mobile has user-friendly and sophisticated trading features, up-to-the-minute market news, and high-security characteristics, which are needed for trading.
Available on both IOS and Android platforms, it helps users remain in touch with the crypto market institution and all the opportunities it offers.
Customer Support
TruBit endeavors to extend unspoiled customer support to enable the users to accomplish the trading requirements with ease.
The users can contact support, which is on standby all the time by LIVE CHATS, EMAIL, or help integrated within the application for the users with difficulties.
The FAQ is also relatively quick to respond, and the company website shares videos and other tools that are frequently effective in minimizing problems for its customers.
TruBit Exchange Alternatives
Binance
As one of the largest exchanges in the world, it has a wide selection of trading pairs, a variety of trading features, and low fees.
KuCoin
This exchange is well known for its intuitive interface, a wide variety of crypto assets, and other methods of earning, like staking.
Kraken
A compliant exchange operating in a secure environment, this platform offers spot trading and futures trading.
Conclusion
TruBit Exchange is a trusted and multifunctional center for trading in cryptocurrencies.
With its reasonable fees, state-of-the-art protection, a panoply of trading varieties, and valuable tools such as the TruBit Card and mobile application, it has something for traders at every level of expertise.
Whether you are a newbie or a sophisticated trader, using TruBit is easy and safe for doing business in crypto, which makes it worthwhile in the market.
