BitcoinTrade: What Is It And Is It Known as a Scam or Legit?

Have you ever thought about which crypto exchanges are worth frequently using today? What exactly does bitcoin trade exchange mean, and why is it so popular lately? If we compare it to many others, what makes it special?

Before we look at what and how important a bitcoin exchange is, you must understand how important it is to choose valuable, high-quality, and proven good crypto exchanges. 

Undoubtedly, some of the best crypto exchanges in the world enable traders to purchase and sell cryptocurrencies they love easily, with extremely low fees and solid security features. They’re opposite to complex peer-to-peer transactions and crypto wallets. 

Instead of using them, traders could easily utilize centralized exchanges, log into their accounts, observe all the account balances, and then assemble transactions via websites and apps. But what does BitcoinTrade exchange and include? Let’s find out more!

What is BitcoinTrade exchange exactly? 

BitcoinTrade is a cryptocurrency exchange company that provides financial and consulting services. It was founded in October 2017 in Rio de Janeiro, Brazil. Three years later, in 2021, the company was acquired by Ripio. Today, the investor of BitcoinTrade is Ripio. The details of the deal were kept private.

Generally speaking, the BitcoinTrade exchange refers to the safest digital currency platform across the South American continent. Although founded only a few years ago, this cryptocurrency exchange has become one of the leading exchanges in the local market regarding the monthly traded volume. 

Thousands of companies and individuals utilize BitcoinTrade services.

Nowadays, their services have been used by thousands of companies and individuals, with their agile, safe, and easy solution for purchasing and selling diverse cryptocurrencies. There are two Expert Collections in which BitcoinTrade is included, including Finetech. For newbies, Expert Collections refer to lists that are analyst-curated. 

These lists show all the crucial companies that are most important in the technology world. According to one website, this exchange has global ratings: of 12 Review Stars.  

BitcoinTrade TradingView

Exchanges, generally speaking, can have vastly different trading views, and there’s no single “best” one. It’s up to you to decide which view is most suitable for you. Generally, trading views will include the following:

• The order book or a portion of it.
• A price chart for the selected cryptocurrency.
• Order history. 

They’ll also typically have boxes for buying and selling. To ensure a good fit, looking at the trading view is recommended before choosing an exchange. The following image shows the order book on BitcoinTrade. The price chart can be found on a separate tab, and we found it difficult to access it from the same trading view as the order book.

For the US Investors

BitcoinTrade doesn’t explicitly ban US investors from using its platform. Nevertheless, it’s always advisable for all US investors to evaluate whether their home state imposes any legal restrictions that may prevent them from trading on the top crypto exchanges, which could be the best fit for them.

Withdrawal fees for BitcoinTrade 

They are established on network fees. By exclusively charging network fees, the BitcoinTrade crypto exchange has a fee structure lower than the industry average. It provides it a competitive edge over other exchanges in the entire crypto market.

Mobile Accessibility

In addition to its web-based platform, BitcoinTrade also offers a mobile app for convenient trading on the go. While many exchanges offer mobile support today, it’s not a universal feature. According to studies, the majority of cryptocurrency traders still use desktop computers for their trading but more and more are turning to mobile devices like smartphones or tablets.

BitcoinTrade Exchange Review by different users

This particular company is known to be a Brazilian-based exchange. Whether you are completely new to the dynamic crypto industry or already have some relevant experience, Brazil is widely known as a place where there are many worldwide crypto exchanges.

Even though the BitTrade company represents itself as a global cryptocurrency exchange, it’s not quite the case. Since, so far, this exchange has a small user base, the great majority of them are from Brazil. 

The BitcoinTrade Exchange provides 100% safe access to its website and mobile applications to its users. Unfortunately, the exchange falls short in the language department as it does not offer any additional language options, including English, on either its website or mobile app. 

Despite this setback, the exchange is putting in the effort to maintain high levels of customer satisfaction, as seen from the positive feedback from the majority of its users. The biggest disadvantage of this exchange is that the exchange isn’t available in English. 

Another BitcoinTrade exchange review

BitcoinTrade represents highly regarded as one of the top cryptocurrency exchanges in Brazil. This exchange, utilizing blockchain technology, offers trading in diverse cryptocurrencies. The process of opening an account on the platform is straightforward, with ample information available on the website. 

With the option to access the platform through mobile applications compatible with iOS and Android operating systems, buying and selling cryptocurrency can be done on the go. Additionally, the platform provides user-friendly graphics divided into two sections for easy navigation.

What is Grupo Ripio Company about?

Grupo Ripio represents a Southern American leader in the cryptocurrency market. It has more than 4,5 million devoted users and is responsible for agile and simple solutions for daily purchasing and selling digital currencies to numerous companies and customers worldwide. 

The primary focus of this company is to improve and strengthen the entirely new digital economy. It offers valuable financial alternatives to well-known traditional banking solutions. Some of the biggest investors of the Grupo Ripio Company are well-known names in Silicon Valley, such as:

• Medici Ventures
• Tim Draper
• Digital Currency Group, etc. 

The main features of the company

• Security: Offline storage with no risk of losing cryptocurrency
• EV SSL: Additional security with the certificate of authenticity
• 2FA: An extra layer of security with 2-factor authentication
• +8 billion: More than 8 billion trades performed
• +1 million: Customers registered on the platform
• 100%: All customer tickets resolved

The current volume and liquidity of the major cryptocurrencies:

• BTC: 12,46720013
• ETH: 70,55017968
• LTC: 227,27707430
• BCH: 6,69540000
• XRP: 37.653,581368
• EOS: 2.713,9301
• DAI: 4.916,78925996
• DOT: 584,45519339
• USDC: 66.062,094733

What is the Ripio Portal exactly? 

If you’re interested in BitcoinTrade exchange, you’d certainly like to know what the Ripio Portal is all about. It’s a specific Web3 wallet that functions in various internet browsers such as Chrome and others that have been established on its authentic code. That code could be Chromium in this situation, similar to Brave, the crypto browser for its usage. 

The Portal offers more than just the ability to buy, sell, send, receive, and store tokens and NFTs. It also gives you access to a vast array of dApps and Web3 developments, including:

• Defi lending protocols that let you earn interest on your crypto holdings;
• Play-to-earn games that reward you for your time and skills;
• NFT marketplaces where you can trade unique digital collectibles;
• Metaverse experiences that let you explore and participate in virtual worlds;
• Decentralized social platforms that let you connect with others and build communities;
• Innovative token types like Poaps and soulbond tokens offer new ways to own and use digital assets.

What makes this Portal special? 

What sets Portal apart is that it’s not just an Ethereum-based Web3 wallet, but it also supports multi-chain operations. This means you can interact with different blockchain networks and take advantage of the diverse ecosystems of decentralized apps, NFT collections, and DeFi opportunities available on each. You can choose the best conditions for your trades and transactions.

Think of Ripio Portal as a handy tool that simplifies access to and uses decentralized applications. It’s like a small piece of software, a browser plugin that you can install in your Chrome browser, that acts as a blockchain and Web3 interpreter. It makes it easier to use and explore the decentralized world by completing all the necessary actions.

Why is it crucial to deal with reliable crypto exchanges?

As a serious crypto investor, trader, and professional, it is very important that you understand why you should exclusively deal with a reliable and legitimate crypto exchange such as Bitcointrade. 

As mentioned before, op cryptocurrency exchanges are characterized by ease of buying and selling desired currencies, minimal fees, and robust security measures. Legitimate exchanges such as Bitcoin Trade are 100% secure, agile, and reliable, making everyday transactions much easier and less stressful. 

You have absolutely no worries about your safety online and your data because you have maximum security with valid crypto exchanges!

Bottom Line

Choosing a quality crypto exchange like Bitcoin Trade is great if you prioritize top service, security, and agility. This company was opened in 2017 in Rio de Janeiro. Although it has only been active for a few years, this exchange for various cryptocurrencies has managed to gain immense sympathy and trust throughout the South American continent.

It’s reliable, easy to use, and offers many great benefits that you can read more about on the official BitcoinTrade website! Before using any crypto tool, platform, or software online, read relevant reviews and double-check everything about it to find out if it is the right choice for you. 

With Bitcointrade, crypto exchange is always a great solution and 100% legit!